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MicroStrategy Buys an Additional 16,130 Bitcoins for US$593 Million in Cash | Cryptocurrency Trends

Jarseed, Bitget Research
MicroStrategy Buys an Additional 16,130 Bitcoins for US$593 Million in Cash | Cryptocurrency Trends

1.Mainstream Exchange Trends:

  • Binance pilots banking tri-party agreement which enables institutional investors to keep trading collateral off the exchange and in the custody of a third party banking partner.
  • OKX will open ETH Base chain deposits and withdrawals from December 1st.
  • Coinbase International will list ADA, LINK, DOGE, and XLM perpetual futures contracts.
  • Bitget Launchpool listed new projects GAMEE and ZKS.
  • OKX listed Injective (INJ).
  • Upbit listed ID, but currently only allows trading with BTC.

2.Cryptocurrency Trends:

  • On December 1st, Hong Kong-listed BC Technologies announced that its licensed virtual asset trading platform, OSL, and its partner Victory Securities are expanding there services to retail investors in Hong Kong.
  • Grayscale hired former Invesco ETF executive, John Hoffman as managing director as it gears up for the spot Bitcoin ETF.
  • CoinList will launch the BitsCrunch (BCUT) token sale on December 15th. Registration is now open.
  • Sui introduced the Sui Weather Oracle which provides weather data for over 1000 cities around the world.
  • Microstrategy buys an additional 16,130 bitcoins for US$593 million in cash.
  • KyberSwap attackers proposed settlement conditions including "obtaining complete control of Kyber and handing over all property".
  • Hooked Protocol will introduce a US$50 million education ecosystem fund to kickstart the HOOK 2.0 proposal.
  • Crypto mining platform AntPool says it will refund the unprecedented transaction fee of 83 BTC to the affected user, provided they produce the necessary identification information.
  • LK Venture, a subsidiary of Linekong Interactive, announced its investment in UniSat, with Element and UniSat also reaching a comprehensive strategic cooperation.

3.Financing Trends:

  • Grove, the decentralized physical infrastructure provider, secured $7.9 million in funding.
  • Fixed-income protocol, Term Structure, completed a US$4.25 million seed round of financing led by Cumberland DRW.
  • ParaX announced rebranding as Parallel Finance, raising over US$30 million so far.

4.Regulatory Trends:

  • The U.S. SEC confirmed receiving the Fidelity Ethereum spot ETF application proposal submitted by CBOE.
  • Leader of a Miami gang sentenced to 63 months in prison for defrauding banks and cryptocurrency exchanges out of more than US$4 million.
  • In the Budget for the Financial Year 2024–25 of the Hong Kong Securities and Futures Professional Association, the association’s president, Chen Zhihua, included a suggestion that Hong Kong consider launching an initial coin offering (ICO) mechanism.
Disclaimer: This content includes third-party opinions, and we do not guarantee its accuracy. Cryptocurrency prices are highly volatile, so please conduct your own research and make judgments accordingly.