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Tether is set to launch its USDT stablecoin on Celo “soon.” Celo is an EVM-compatible blockchain that is transitioning to an Ethereum Layer 2 network.
MicroStrategy bought the latest batch of BTC when the asset’s price stood below $69,000.
Crypto investment products witnessed record inflows last week, adding nearly $2.7 billion globally, according to CoinShares.Year-to-date flows have now reached $10.3 billion — already approaching the record $10.6 billion worth of inflows generated in the whole of 2021.Crypto funds also witnessed record trading volume of $43 billion last week as assets under management also reached new highs of $94 billion.
Dencun — the most-anticipated upgrade since the Merge — is set to ship in two days, promising to significantly reduce layer-2 transaction costs.
BlackRock’s IBIT spot bitcoin ETF has exceeded $10 billion in inflows after just two months of trading.The newborn nine spot bitcoin ETFs — excluding Grayscale’s converted GBTC fund — also topped $20 billion worth of inflows on Friday, with net inflows now totaling over $9.5 billion.
Bitcoin has surpassed silver to become the eighth largest asset by market cap.The price of bitcoin increased above the $71,000 mark on Monday, setting a new all-time high.
The total crypto market cap sits at a multi-year peak of over $2.8 trillion.
ARK Invest sold 580,000 Coinbase shares last week.This was the firm’s second-largest weekly COIN sale since July 2023.
- 21:25CME November Bitcoin Call Options Notional Value Exceeds $350 MillionJoshua Lim, co-founder of cryptocurrency broker Arbelos Markets, says the Bitcoin derivatives market on the Chicago Mercantile Exchange (CME), which is a favoured venue for established, traditional institutional participants, has experienced some of its busiest days recently. Data shows that over the past week, the notional value of November BTC calls exceeded $350 million, with a breakeven price of around $79,300 at expiry at the end of November, meaning these traders are expected to profit from next month's rise in BTC prices. ‘This could be a good sign that liquidity in the crypto derivatives market will grow as the asset class matures’, Joshua Lim said.
- 21:24Biden will attend the US presidential inauguration, no matter who winsBiden will attend the US presidential inauguration, no matter who wins, White House press secretary Pierre said.
- 21:23MicroStrategy to Raise $42 Billion to Buy More Bitcoin Over the Next 3 YearsMicroStrategy has announced its Q3 2024 financial results, and as of the end of Q3, the company held 252,220 BTC, with a year-to-date BTC yield of 17.8%. The company also announced a $42 billion capital plan, with the announcement stating that under the leadership of Executive Chairman Michael Saylor, the company will raise $21 billion in equity and issue $21 billion in bonds over the next three years, and use the additional capital to purchase more Bitcoin as a financial reserve asset in order to realise higher BTC returns. MicroStrategy's most recent disclosure came in mid-September, when the company announced that it had purchased 7,420 bitcoins for $458.2 million, which brought its holdings to 252,220 bitcoins.
