According to Cointelegraph, data from BitcoinTreasuries shows that MicroStrategy, this Bitcoin accumulation company, has made 42 Bitcoin purchases at an average cost of $39,292.

As the leading cryptocurrency price surpasses $80,000, business intelligence company MicroStrategy's Bitcoin reserves have exceeded $20 billion.

MicroStrategy's 252,200 Bitcoins are currently valued at $20.5 billion, allowing the company to achieve over 104% returns on its Bitcoin investment strategy, as shown by the 'Saylor Tracker' named after company executive chairman Michael Saylor.

According to The Block, the organization responsible for the Ethereum Naming Service (ENS) announced today that they are building their own Layer 2 network called Namechain.

Namechain aims to prioritize interoperability and allow users to start using ENS from 'any L2 network'.

ENS Labs revealed that the launch of Namechain is expected to take place around the end of 2025. ENS is a decentralized naming system built on the Ethereum blockchain that provides readable names for crypto addresses.

ENS co-founder Jeff Lau stated at the 'frENSday' event in Bangkok, 'Currently, the industry's success metric for Rollup is TVL (Total Value Locked). We don't need to prioritize TVL. ENS already has users, and we can truly prioritize things that other L2s do not have.'

According to Cointelegraph, BlackRock's spot Bitcoin ETF achieved over $1 billion in daily inflows for the first time since its launch in January.

BlackRock, the world's largest asset management company, accumulated over $1 billion in inflows into its Bitcoin exchange-traded fund (ETF) on a record trading day, as Bitcoin continued to set new all-time highs.

According to data from Farside, on November 7, BlackRock's spot Bitcoin ETF (IBIT) recorded an inflow of $1.1 billion, recovering from a total outflow of $113.3 million over the previous two days.

According to The Block, Solana has seen strong on-chain activity in recent months, briefly surpassing $200 today, with a trading price of $201. Meanwhile, the U.S. stock market closed at a new high on Thursday.

Solana broke the $200 barrier, while Bitcoin earlier reached a new all-time high of $76,873 in the market backdrop of former U.S. President Donald Trump's election victory.

According to The Block's price page, Solana rose by 6.2% in the past 24 hours, trading at $200 at the time of writing. Bitcoin increased by 0.6%, trading at $75,984, while Ethereum rose by 3.4% to $2,911.

As Binance approaches the second anniversary of its Proof of Reserves (PoR) program, it reports that its PoR system currently covers 35 tokens with over $150 billion in reserve assets. This level of asset coverage ranks among the best in the industry, reflecting Binance's commitment to transparency and user trust.

Proof of Reserves (PoR) is a transparency measure that allows centralized exchanges (CEX) to demonstrate that they hold enough assets to fully cover all user deposits. PoR is crucial for maintaining user trust, as centralized exchanges control customer funds and may pose a risk of misuse. By regularly providing PoR disclosures, exchanges showcase the stability and safety of their asset reserves, thereby enhancing user trust.

As Cointelegraph reported, AVAX tokens were purchased for $100 million a month before the infamous Terra Luna crash.

The Avalanche Foundation has completed the repurchase of 1.97 million AVAX tokens from the now-defunct Luna Foundation Guard (LFG), which purchased the tokens to support the Terra blockchain ecosystem.

In an announcement sent to Cointelegraph, the Avalanche Foundation said it has completed the token buyback process.

While Avalanche’s filing states that it will purchase the tokens for $45.5 million, at the time of writing, Avalanche tokens are trading at $26.95, making 1.97 million tokens worth approximately $53 million at current market prices.

As Cointelegraph reported, traders are optimistic that pro-crypto Republicans could win a majority in Congress following their White House victory.

U.S. cryptocurrency stocks surged at the end of the trading day — most by double digits — driven by Donald Trump’s presidential election victory and bitcoin hitting a new all-time high.

Cryptocurrency exchange Coinbase Global, one of the largest donors during the election cycle, had the biggest gain on Nov. 6, closing up 31.1% at $254.31 and up 62.1% year to date, according to Google Finance.

According to The Block, the largest cryptocurrency Bitcoin has risen nearly 70% year-to-date and hit a new all-time high today as the market digests Republican candidate Donald Trump's early lead in the 2024 presidential race.

Bitcoin price has surpassed $73,737.94, setting a new all-time high, as the market focuses on Trump's early lead in the 2024 presidential election.

According to The Block’s price page, Bitcoin has gained 9.5% in the past 24 hours and is currently trading around $74,700.

Since breaking through its November 2021 all-time high of $69,000 on March 5, Bitcoin has continued to rise, hitting $73,000 on March 13. Since then, Bitcoin has fluctuated between $50,000 and $70,000 for more than seven months.

According to Cointelegraph, Meta said that sharing open source AI technology with the United States and its allies will help maintain its "technological advantage" over China and other competitors.

Social media and technology company Meta has opened up its artificial intelligence model, Llama, to the U.S. military and defense contractors for national security purposes.

Llama will be used to simplify complex logistics and planning, track terrorist financing, and strengthen U.S. cyber defenses, Meta’s president of global affairs Nick Clegg wrote in a Nov. 4 statement.

The company will work with Microsoft, Amazon, IBM, Oracle, Palantir and other tech giants to provide comprehensive services to the US government.

Analysts predict that Bitcoin prices will rebound with strong momentum in early 2025, but the U.S. presidential election will affect Bitcoin bulls until Inauguration Day, Cointelegraph reported.

New forecasts show that Bitcoin will rally “on top of the macro trend,” but this will only happen in 2025.

In his latest X content on Nov. 4, Keith Alan, co-founder of trading resource Material Indicators, said the U.S. presidential election will have an impact on Bitcoin price action within two months.

Bitcoin will outperform macro trends “no matter what”

According to Cointelegraph, Donald Trump's odds on Polymarket have narrowed as the drop in Bitcoin prices led to large-scale liquidations.

As Bitcoin's price briefly dipped below $69,000, liquidations in the crypto market reached nearly $350 million, with traders appearing nervous ahead of the November 5 U.S. presidential election.

According to CoinGlass data, a total of $349.8 million was liquidated on November 3, including $259.7 million in long positions and $90.1 million in short positions. This was the largest liquidation day since October 25, when Bitcoin failed to maintain a rebound above $70,000.

Following the controversial death of the squirrel Peanut, Peanut-themed memecoins have surged on Solana, with some having a market cap of over $100 million, Cointelegraph reported.

Fueled by the sudden popularity of “Peanut the Squirrel,” Peanut-themed memecoins have been making waves on the Solana decentralized finance (DeFi) market, with some tokens even reaching a market cap of over $120 million.

Mark Longo, who manages Peanut's social media accounts, said the New York Department of Environmental Protection seized and euthanized the beloved squirrel, Peanut, and a raccoon named Fred on Oct. 30. The incident was caused by a complaint that Peanut's residence was unsafe. Longo wrote on Instagram:

According to The Block, the Layer-1 network ZetaChain experienced over six hours of network downtime, starting Thursday evening.

The network identified the issue as a "consensus failure" caused by a recent update.

Although the mainnet has resumed block production, the same issue caused ZetaChain's testnet to stop functioning.

Focusing on interoperability, the Layer-1 network ZetaChain stated that after experiencing six hours of downtime, the blockchain has resumed generating new blocks. Following the recovery, the project indicated that its testnet had also stopped due to the same technical issues.

According to The Block, MicroStrategy reported quarterly sales of $116 million, falling short of market expectations of $122.66 million, a gap of about 5%. The company's year-to-date Bitcoin yield (BTC Yield) is 17.8%, which is an indicator used to assess the performance of its Bitcoin strategy.

As the largest corporate Bitcoin holder, business intelligence company MicroStrategy released its third-quarter financial results on Wednesday, highlighting a 5.1% increase in 'Bitcoin yield' and plans to raise $42 billion in capital over the next three years.

According to The Block, Glif, the largest DeFi protocol on Filecoin, is launching its native token.

A total of 100 million GLIF tokens will be airdropped to users.

Glif, a liquidity rental platform on Filecoin and the network’s largest DeFi protocol, plans to launch its native GLIF token, of which 100 million will be allocated in an airdrop to eligible users.

The total supply of GLIF tokens is 1 billion, and 10% (or 100 million tokens) will be used for airdrops, Glif said on Tuesday. The tokens will be distributed 1:1 to users who hold at least 1 GLIF point, and any unused tokens will return to the community reward pool. Airdrop recipients can access 25% of the tokens immediately, while the remaining 75% will vest linearly over 180 days, similar to the Filecoin network's block reward structure. Unvested tokens will still count towards governance voting weight.

According to The Block, BlackRock's IBIT fund drove inflows on Tuesday, reaching $642 million. The total trading volume for all US spot Bitcoin ETFs on Tuesday was $4.75 billion, an increase from $3 billion the previous day.

The 12 US spot Bitcoin ETFs reported a total daily net inflow of $870 million on Tuesday, the largest inflow since the first week of June. This was mainly due to the net inflow of IBIT ETF reaching $642.87 million, the largest single-day inflow in over seven months.

BlackRock's spot Bitcoin exchange-traded fund IBIT recorded a daily trading volume of $3.36 billion, the highest trading volume since March 14.

According to (Block), the Financial Secretary of the Hong Kong government said that Hong Kong will expand its existing tax incentives to cover cryptocurrency investments by the end of this year. Regulators also plan to approve more licenses for crypto asset trading platforms by the end of the year.

A senior Hong Kong finance official said the government plans to extend existing tax breaks for private equity funds and family offices to crypto investments.

Hong Kong’s Secretary for Financial Services and the Treasury Christopher Hui said today in a speech at Hong Kong Fintech Week that the government plans to extend tax incentives for certain investments, including cryptocurrencies, by the end of this year.

According to Cointelegraph, on-chain analysis company Arkham Intelligence said that the malicious address currently holds approximately $13 million in assets.

A hacker breached a wallet that is likely controlled by the U.S. government on October 24. The wallet contained funds seized from the 2016 Bitfinex hack, which amounted to $20 million.

According to Arkham Intelligence, the attacker sent funds to a wallet beginning with “0x348” that contained USD Coin, Tether, aUSDC, and Ether.

The on-chain analytics firm said the hackers have begun converting stablecoins into Ethereum and laundering the funds through addresses that may be associated with money laundering services.

According to The Block, the Base team announced that they will implement permissionless fault proof on October 30 to achieve network decentralization and eliminate control by a single entity.

Base is an Ethereum layer 2 platform incubated by Coinbase, which will implement permissionless fault proof on October 30, aiming to decentralize the network and eliminate control by a single entity.

"Fault proof will go live on the Base mainnet on October 30, marking a key milestone on the path to decentralization," Base stated.

Base launched in August 2023, developed using the Optimism OP Stack software package, and has become the largest layer 2 aggregation platform by total value locked on Ethereum.

As Cointelegraph reported, nearly all of the funds stolen from Radiant Capital have been moved to the Ethereum network, which is generally not a good sign for those hoping to recover their funds.

The hackers who recently stole funds from decentralized finance (DeFi) protocol Radiant Capital moved nearly all of the stolen funds from the layer-2 protocol to Ethereum, likely in an effort to obscure their location.

On Oct. 24, blockchain security firm PeckShield reported that addresses associated with the Radiant Capital hack had moved “almost all” of the cryptocurrency gained from the breach via Arbitrum and Binance BNB Chain to the Ethereum network.