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Noteworthy news today (02/11/2023)

1️⃣. MicroStrategy buys another 5.3 million USD in Bitcoin, BTC investment portfolio is profitable 900 million USD

On November 2, MicroStrategy's CEO, Michael Saylor, announced that the company had invested $5.3 million to acquire an additional 155 BTC during October 2023. This brings MicroStrategy's total Bitcoin holdings to 158,400 BTC, with an average purchase price of around $29,586 per BTC.

2️⃣. Fed Keeps Interest Rates Unchanged, Bitcoin and Solana Lead Crypto Market Surge

Following the November meeting of the Federal Open Market Committee (FOMC), the U.S. Federal Reserve decided to maintain interest rates at the current level of 5.25-5.5%. Bitcoin (BTC) and Solana (SOL) were standout performers in the crypto market surge on the morning of November 2, following the Fed's interest rate announcement.

3️⃣. U.S. Accuses SafeMoon (SFM) Project of Fraud, Arrests Founders

U.S. federal agencies, including the Federal Bureau of Investigation (FBI), the Securities and Exchange Commission (SEC), the Internal Revenue Service (IRS), and the U.S. Department of Justice's Eastern District of New York, have filed charges and arrested individuals behind the SafeMoon (SFM) cryptocurrency project, a well-known memecoin that gained prominence in 2021-2022.

4️⃣. PayPal's PYUSD stablecoin was asked for information by the SEC

On the evening of November 2, 2023, major fintech company PayPal revealed that it had received a subpoena from the U.S. Securities and Exchange Commission (SEC) regarding its PayPal USD (PYUSD) stablecoin. This development marks a significant move by the company towards utilizing digital currencies for payments and transfers.