Binance Labs: Biotech and science are long-term endeavors and are still in the early stages of integrating cryptocurrencies
Binance Labs said in a post on X that last week's DeSci Day at Binance Labs BUIDLer House in Bangkok brought together a like-minded community of about 50 biotech and DeSci enthusiasts to exchange ideas and build connections. During the 3-hour meeting, speakers shared insights on topics ranging from the evolution of biotechnology to rapamycin and longevity, citizen science, bioDAO, on-chain IP, scientific AI agents, and more. The famous bioDAO shared exciting updates-VitaDAO launched their first longevity supplement and obtained approval from the Thai FDA. HairDAO is expanding a new lab, patenting their second idea, and launching a shampoo that has a significant effect on hair loss. We also invited CZ and Vitalik to interact with the community through an open Q&A session and connect with other DeSci founders and builders. Biotechnology and science are long-term efforts, and we are still in the early stages of integrating cryptocurrencies. We are excited about the potential and enthusiasm for biotechnology, but we recognize that true innovation requires patience, persistence, and a long-term vision. Our goal is to foster more innovation within the cryptocurrency industry and focus on lasting achievements and impact. At Binance Incubator, we invest in cryptocurrencies, biotech, and artificial intelligence, focusing on fundamentals and aiming for long-term impact.
Analysis: MicroStrategy still has $15.3 billion to buy Bitcoin, and it is expected to continue buying until the end of this year
According to crypto KOL Remo Uherek, MicroStrategy purchased 51,780 bitcoins using the $21 billion it had previously raised through stock financing. After this purchase, it still has $15.3 billion to buy bitcoins. If it continues to increase its bitcoin holdings at this rate, the funds can be used until the end of this year.
Source: Trump team consulted BlackRock CEO on Treasury secretary selection
On November 19, FOX reporter Charles Gasparino said that the Trump team had consulted with BlackRock CEO Larry Fink and at least one senior executive when looking for a candidate for Treasury Secretary. It is reported that Trump has a long-term cooperative relationship with Fink, who is one of the best risk managers in the industry and often consults him on market and other aspects. Fink will not be a candidate for Treasury Secretary, but it shows that Trump has a grand plan on how to implement economic policies.
Bitcoin mining difficulty increased by 0.63% to 102.29 T this morning, setting a new record
On November 19, CloverPool data showed that the difficulty of Bitcoin mining was adjusted at block height 870,912 (4:42:12 today), and the mining difficulty was increased by 0.63% to 102.29 T, setting a new record high. The average computing power of the entire network in the past seven days is 738.3 EH/s.
Magic Eden announces token economics: initial airdrop accounts for 12.5%
On November 19, Magic Eden announced the token economics of its ME token. The total amount of ME is 1 billion, and the token distribution will be issued within 4 years, of which 50.2% will be allocated to the community. The total proportion of the community and the ecosystem is 37.7%, of which the initial community allocation will account for 12.5% of the total supply. In addition, contributors account for 26.2% and strategic participants account for 23.6%, both of which include a lock-up period. Magic Eden said that the airdrop inspection website will be launched soon, but the specific date has not yet been determined.
In the past 24 hours, the entire network has liquidated $336 million: long orders have liquidated $201 million, and short orders have liquidated $112 million
According to Coinglass data, the total liquidation of the entire network in the past 24 hours was US$336 million, of which US$201 million was for long orders and US$112 million was for short orders. Among them, BTC liquidated US$82.3836 million and ETH liquidated US$46.2413 million.
Genius Group, a US-listed company, bought 110 bitcoins for $10 million to build a bitcoin reserve
On November 19, the publicly traded company Genius Group Limited (NYSE: GNS) announced today that it has purchased 110 bitcoins for $10 million, at an average price of $90,932 per coin. The purchase marks the official establishment of the company's Bitcoin reserves. It is reported that the purchase follows the company's announcement of a "Bitcoin First" strategy on November 12. The strategy commits to holding 90% or more of existing and future reserves in the form of Bitcoin, with an initial target of $120 million in Bitcoin. Today's purchase is the first of the ongoing purchases that the company intends to make to achieve its goals.
Trump to discuss appointment with Coinbase CEO Brian Armstrong
According to the Wall Street Journal, Trump will discuss the appointment with Coinbase (COIN.O) CEO Brian Armstrong.
Trump's social media company is in advanced talks to acquire Intercontinental Exchange's cryptocurrency trading platform Bakkt
Trump's social media company is in advanced talks to acquire Bakkt, a cryptocurrency trading platform owned by Intercontinental Exchange, as it seeks to expand beyond online conversations, according to the Financial Times. Two people familiar with the negotiations said Trump Media and Technology Group is close to acquiring Bakkt in an all-stock deal. It is unclear what valuation is being discussed, but Bakkt's market value was slightly over $150 million on Monday.
Nasdaq plans to list BlackRock’s Bitcoin ETF options
Nasdaq plans to list options on BlackRock’s Bitcoin exchange-traded fund (ETF) as early as Tuesday, allowing investors to bet on the world’s largest digital asset through derivatives. Alison Hennessy, head of ETP listings at Nasdaq, said on Bloomberg’s ETF IQ program that the plan is to launch these options in the market as early as possible. BlackRock has been working with regulators for more than 10 months.
Senior ETF analysts noted that the launch of ETF options will expand trading possibilities, and although these ETFs themselves are already successful, options provide them with greater impetus.
DeSci is hot: Will it become the next dark horse leading this bull market?
Decentralized Science (DeSci) has recently attracted attention due to Binance Labs' investment in BIO Protocol. DeSci reshapes scientific research funding and collaboration mechanisms through blockchain technology, aiming to improve efficiency and fairness. BIO Protocol is regarded as the "on-chain scientific version of Y Combinator", and its sub-DAOs such as VitaDAO focus on longevity science. DeSci combines crypto culture and attracts market interest by incentivizing users to participate in scientific research through meme tokens. Major projects such as Molecule and VitaDAO have a significant influence in the field of DeSci. The rise of DeSci marks the in-depth application of blockchain technology in the real economy.
Can $Banana become the next $Pnut?
Musk decorated SpaceX's latest Starship S31 with a cartoon banana, symbolizing the classic Internet culture "Banana for Scale". This banana will fly into space during the test flight on November 19, becoming the first meme to enter the universe, attracting global attention. Banana is not only a symbol of humor, but also represents Musk's pursuit of scale and innovation. The $Banana project based on the Solana chain may become a representative symbol of the combination of Meme culture and space exploration, demonstrating the potential of the Meme economy.
Why Trump's social media company Truth Social wants to acquire cryptocurrency trading platform Bakkt instead of other cryptocurrency trading platforms
Trump's social media company Truth Social is in acquisition talks with cryptocurrency trading platform Bakkt. Founded by Intercontinental Exchange, Bakkt has a strong financial background and compliance, which attracted the attention of Trump's team. Bakkt provides diversified services, including digital asset custody, payment solutions and loyalty reward programs, which can form synergies with Trump's business empire. This acquisition may be a strategic move by Trump to enter the crypto industry, using Bakkt's institutional positioning to promote the popularity of cryptocurrencies.
Bloodbath in the Chinese Crypto Community: DEXX User Funds Theft Fully Revealed
On November 16, 2024, a major security incident occurred in the on-chain trading terminal DEXX, and user assets were stolen, with losses of up to $400 million. The attacker used private key management loopholes and one-to-one transfer strategies to evade tracking, causing the prices of multiple meme coins to fall sharply. The incident exposed the contradiction between DEXX's functional innovation and security, and highlighted the serious problems of decentralized platforms in user fund management. The community questioned the platform's embezzlement, and KOLs quickly cut ties. This incident once again reminds users to be cautious when choosing a trading platform and pay attention to security.
