10.31 Morning Report
• MicroStrategy announced its "21/21 Plan" and stated that it will raise $21 billion through stock and bond issuance over three years, totaling $42 billion investment in Bitcoin.
• $IBIT - BlackRock's Bitcoin spot ETF IBIT has surpassed $30 billion in managed assets 293 days after its launch.
• Spot gold prices continue to set a historical high of $2,790 per ounce.
• $SOL - Canary Capital has submitted an application for a Solana spot ETF to the U.S. Securities and Exchange Commission.
• $ONDO - Ondo Finance announced a partnership with Wellington Management, one of the largest independent asset management firms in the world (with assets of $1 trillion). Wellington Management chose Ondo Finance to provide technology support for intraday redemptions.
• Visa and Coinbase announced a partnership to support cryptocurrency deposits and withdrawals via debit cards.
• $STRK - Starknet announced that the StarGate v2.0 beta is now live on the mainnet.
• BNB Chain announced the 35 early projects selected for its MVB Accelerator Program Season 8.
• Coinbase (COIN) third-quarter earnings and revenue fell short of expectations, leading to a significant drop in its stock price during after-hours trading.