What happened in Crypto in the last 12h:
- $BTC New ATH, $SOL Touches ATH
- Trump's Crypto Council Expected to Build $BTC Reserve
- Citron's Microstrategy Short Report
- Gary Gensler Will Resign on Jan 20
- FTX Refunds Begin Mar 2025
- Schwab Plans to Enter Spot Crypto Market
- $SOL Spot ETF Launch Discussions
- $JTO New TipRouter Proposal
- Wintermute Transfers 1.5% of $WEN Supply
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• $BTC $SOL - Bitcoin made a new ATH nearing 99k. $SOL touched its previous ATH of $260.
• Reuters reports that Trump's proposed cryptocurrency advisory council could set up a U.S. Bitcoin reserve.
• Citron released a report stating that MicroStrategy stock is overvalued. It noted that it is bullish on $BTC itself, but hedges $MSTR with a short position.
• SEC Chairman Gary Gensler announces that he will officially step down on January 20, 2025. Since the announcement, $XRP has risen slightly.
• FTX has announced that it will begin reimbursing users by March. Following the news, $FTT jumped about 40%.
• Charles Schwab, the $7T asset manager, plans to offer cryptocurrency investments directly to its clients, new CEO Rick Wurster told Yahoo Finance.
• $SOL - Discussions between the SEC and issuers looking to launch a $SOL Spot ETF are ongoing, and the SEC is currently working on an S-1 application.
• $JTO - A New Tiprouter proposal has been published that adds profits for JTO stakers. If this proposal passes, the Jito Treasury fee for Jito tips will be reduced by 15bps (from 2.85% to 2.7%). This fee will be redirected to Jito stakers via the Jito Tip Router.
• $COW - Coinbase Int. has announced the $COW-PERP market, which will begin on Nov 26, after 9:30AM UTC.
• $WEN - Wintermute received 1.5% of the $WEN supply (approximately 11B $WEN).
