The Bitcoin market is making waves again! 🎉 BTC breaks through 98,000 USDT, becoming the dazzling star of the cryptocurrency world, while ETH also shows its strength, breaking through 3,600 USDT. Meanwhile, FTX announces that its bankruptcy plan is in effect, with the first round of compensation to be distributed within 60 days, and investors should keep a close eye on this. MicroStrategy plans to issue up to 2 billion dollars in preferred stock to increase its Bitcoin holding, demonstrating strong confidence in BTC. 🌟

In terms of regulation, crypto-friendly Mike Johnson successfully re-elected as Speaker of the U.S. House of Representatives, which may bring more policy support to the crypto industry. Finally, stay safe! Babylon's official Twitter was hacked, and users should not click on any links. 🔒