22 November 2024
Macro/TradFi
Senator Cynthia Lummis advocates for the U.S. Treasury to convert some gold holdings into Bitcoin to create a strategic reserve.
BlackRock backs creating a US Strategic Bitcoin Reserve as states and the Trump administration push to institutionalize the digital asset.
Russia approves 15% tax on crypto mining and transactions, equating digital currencies to property and imposing new financial obligations on miners and traders.
SEC Chair Gary Gensler will step down on January 20; Teresa Goody Guillén, BakerHostetler partner and blockchain co-lead, is eyed as successor.
MicroStrategy completed a $3 billion offering of 0% convertible senior notes due December 2029, aiming to use the proceeds to buy more Bitcoin.
Bitwise filed for a Solana (SOL) ETF as the asset nears a new all-time high.
WisdomTree launched its latest cryptocurrency ETP, the WisdomTree Physical XRP (XRPW), now listed on exchanges in Paris and Amsterdam.
Crypto
L1/L2:
StarkWare CEO predicts Starknet's transaction speed to quadruple and fees to drop 5x within three months, positioning it to compete with Solana.
On Nov. 21, Sui, a decentralized layer-1 blockchain, faced a major outage, stopping block production for over an hour.
DeFi:
As announced on Wintermute's governance forum, the Ethena Foundation approved Wintermute’s proposal to share DeFi protocol revenues with token-holders.
California court rules Lido DAO as a general partnership, making members legally liable for its actions.
Securitize and Elixir to launch a liquid staking token (LST) for tokenized securities, including BlackRock’s on-chain money fund, BUIDL.
Others:
Monkey Tilt, blending casino fun with social and lifestyle perks, announced $30M in Series A funding led by Pantera Capital.
FTX and its affiliates aim to implement their Chapter 11 Reorganization Plan by Jan. 2025, setting distributions for creditors and customers.
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