Trump will meet privately with Coinbase CEO on Monday to discuss personnel appointments.
Author: Deep Tide TechFlow.
Market dynamics yesterday.
MicroStrategy purchased an additional 51,780 Bitcoin over the past week, valued at approximately $4.6 billion.
MicroStrategy founder Michael Saylor announced that the company has purchased an additional 51,780 Bitcoin, valued at approximately $4.6 billion, with an average purchase price of $88,627. As of November 17, 2024, MicroStrategy holds 331,200 Bitcoin, with a total investment of approximately $16.5 billion and an average holding cost of $49,874. The company's Bitcoin investment portfolio has yielded 20.4% so far this quarter and 41.8% this year.
MicroStrategy plans to issue $1.75 billion of convertible priority notes due 2029 to increase BTC holdings and for general corporate purposes.
MicroStrategy announced plans to issue $1.75 billion of 0% convertible priority notes due in 2029. MicroStrategy also expects to grant initial purchasers of the notes an option to purchase up to $250 million in principal amount of notes within three days of the notes' initial issuance. This issuance is subject to market and other conditions and cannot guarantee whether, when, or under what conditions the issuance will be completed.
MicroStrategy intends to use the net proceeds from this issuance to buy more Bitcoin and for general corporate purposes.
Trump's social media company is in deep negotiations to acquire the cryptocurrency trading platform Bakkt.
According to the Financial Times, Trump's social media company, Trump Media & Technology Group, is in deep negotiations to acquire the cryptocurrency trading platform Bakkt, which is owned by Intercontinental Exchange.
Magic Eden announced its tokenomics: a total supply of 1 billion tokens, with 12.5% allocated for the initial airdrop.
Magic Eden announced the ME tokenomics, with a total supply of 1 billion tokens, and the token distribution will be released over four years, with more than half allocated to the community.
Among these, the initial ME claim for TGE accounts for 12.5%, community and ecosystem accounts for 37.7%, contributors account for 26.2%, and strategic participants account for 23.6%. ME will be distributed over four years, at which point all ME will be fully circulated, with the majority allocated to the community.
Coinbase International will launch IO perpetual contracts.
According to official news, Coinbase International and Coinbase Advanced will launch IO.net (IO) perpetual contracts, with the IO-PERP market expected to open on November 21, 2024, at 17:30 (UTC+8) or later.
Lido co-founders are preparing a blockchain identity verification platform codenamed 'Y', competing with World Network.
According to informed sources, DeFi giant Lido co-founder Konstantin Lomashuk and Vasiliy Shapovalov, leading the Cyber Fund, are preparing a blockchain identity verification platform codenamed 'Y', directly competing with Sam Altman's World Network.
Unlike World Network, which uses iris scanning for identity verification, the Y project will verify user identities based on social media and blockchain activity data, combined with the Ethereum Attestation Service. This solution aims to address the risks of biometric data breaches and minimize potential fraud.
Ethereum-compatible Layer 1 public chain Monad has launched its testnet.
Ethereum-compatible Layer 1 public chain Monad has begun a phased launch of its testnet. Cryptocurrency trader Jordan Fish (online alias Cobie) confirmed on social media that he has completed transactions on the Monad testnet and stated that transaction speeds are very fast.
Monad Labs previously achieved 10,000 transactions per second (TPS) during internal testing when launching the developer network in March. The project claims to have rebuilt the EVM using a pipeline architecture, aiming for a 1-second block time and instant block finality, although the hardware requirements for nodes are about twice that of the Ethereum mainnet.
The first consumer Layer based on TON, DuckChain, has launched its mainnet, introducing the innovative ISO concept.
According to official news, the first consumer Layer based on TON, DuckChain, officially announced its mainnet launch, along with the innovative concept of ISO (Initial Star Offering). Users can convert Telegram Stars into on-chain Stars through ISO, participating in various on-chain interactions, significantly lowering the entry barrier for Web2 users. ISO will serve as a unique asset issuance model and user on-chain interaction model within the Telegram ecosystem, providing innovative solutions for large-scale adoption by Telegram users.
DuckChain has attracted nearly 50 ecological projects for integration and has become the first consumer Layer on TON to support EVM compatibility, further enhancing the richness of the on-chain application ecosystem and attracting more EVM ecosystem developers.
Several Dexx users' email accounts have experienced unusual login attempts, suggesting that they change their associated account passwords in a timely manner.
OneKey Security Lab issued a security alert, as multiple Dexx trading platform users reported unusual login attempts on their associated email accounts. OneKey recommends that users immediately take security precautions, especially those using the same passwords for both Dexx and their email: 1) Immediately change passwords for all Web2 accounts using the same password; 2) Completely abandon any potentially leaked password combinations; 3) Pay special attention to the security of email accounts containing sensitive information and multiple authentication associations.
The MORPHO token will enable transfer functionality on November 21.
The DeFi lending protocol Morpho announced that its governance token MORPHO will enable transfer functionality on November 21. Since its launch in June 2022, Morpho DAO has gradually allocated ownership to protocol users, strategic partners, risk assessors, and other contributors. It is reported that the MORPHO token was initially deployed as a non-transferable token, with the timing of enabling transfer functionality decided by the DAO rather than any centralized entity. During the non-transferable phase, the DAO prioritized distributing ownership among three key groups: users, contributors, and strategic partners.
CryptoQuant CEO: Bitcoin small transaction volumes hit a three-year high, signaling retail entry.
CryptoQuant CEO Ki Young Ju noted that the trading volume of small transactions below $100,000 in Bitcoin has reached a three-year high, indicating that retail investors are returning to the cryptocurrency market.
Ki Young Ju analyzed over $1 million in large transaction data, suggesting that from the perspective of large investors, there may be a wait for more exit liquidity. He predicts that retail FOMO sentiment could peak when Bitcoin breaks $100,000. Although the market may experience a short-term adjustment, he believes this will not trigger the start of a bear market.
Trump will meet privately with Coinbase CEO on Monday to discuss personnel appointments.
According to the Wall Street Journal, U.S. president-elect Donald Trump will meet privately with Coinbase CEO Brian Armstrong on Monday. Sources say the two are expected to discuss personnel appointments for Trump's second administration.
This meeting marks Trump's first encounter with Armstrong since his election victory. Trump has previously expressed skepticism towards cryptocurrency but has recently shifted to being a public supporter of the industry. Earlier this year, he stated at a Bitcoin annual conference that if elected, he would establish a Bitcoin and cryptocurrency presidential advisory council to formulate transparent regulatory guidelines. Armstrong had previously publicly proposed that Hester Peirce, an SEC commissioner appointed by Trump, be the next SEC chair. Additionally, reports indicate that Coinbase donated over $100 million to multiple political action committees before the election, with $40 million supporting pro-crypto candidates.
Market dynamics.
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