Recent Major Events:
$BTC$SOL - Bitcoin reached a new high of nearly 99k.
$SOL touched the previous high of 260 dollars.
. Reuters reported that the cryptocurrency advisory committee proposed by Trump may establish a US Bitcoin reserve.
• Citron released a report stating that MicroStrategy's stock valuation is too high. The report indicated a positive outlook for $BTC itself, but held a short position on $MSTR.
· SEC Chairman Gary Gensler announced he will officially step down on January 20, 2025. Since the announcement, $XRP has seen a slight increase.
• FTX announced it will start refunding users in March. Following the news, $FTT rose by about 40%.
• $SOL - The SEC is currently in discussions with issuers seeking to launch a $SOL spot ETF, and the SEC is currently drafting an S-1 application.
• $JTO - A new Tiprouter proposal has been released, which increases profits for JTO stakers. If the proposal passes, the Jito Treasury fee for Jito tips will decrease by 15bps (from 2.85% to 2.7%). This fee will be redirected through the Jito Tip Router to Jito stakers.
· $COW - Coinbase Int. announced that the $COW-PERP market will start on November 26 (after 9:30 AM UTC).
• $WEN - Wintermute acquired 1.5% of the $WEN supply (approximately 11 billion $WEN).