Hut 8’s recent acquisition of 990 Bitcoin for $100 million marks a significant increase in its total holdings, showcasing the growing institutional interest in cryptocurrency. This strategic move aligns with
Bitcoin has rocketed higher this year in large part due to BlackRock, the world's largest asset manager, putting its $10 trillion weight behind it...
MicroStrategy, which made a big splash in the market with its Bitcoin (BTC) purchases, recently announced that it will raise $42 billion in funds for new Bitcoin purchases. Stating that he will continue to buy even if the price of Bitcoin increases, MicroStrategy founder Michael Saylor announced that they will change their strategy in the future. Speaking to Bloomberg, Michael Saylor said the company will reexamine its capital plans once it reaches its $42 million fundraising goal. MicroStrategy plans to focus more on fixed-income securities, such as convertible bonds, likely in the first quarter of 2025, Saylor said. “When we announced our $42 billion plan, we had no idea what kind of response we would get. But the response has been overwhelmingly positive. So we will revisit our capital plan from period to period and implement a new plan based on market conditions at that time. “We now want to create a smarter leveraged return system for the benefit of our shareholders, especially after Q1 2025.” I Want to Be on Trump's Advisory Board! Saylor has signaled that he could be on US President-elect Donald Trump’s crypto advisory council. When asked about his relationship with the famously bullish Trump or the new administration, he replied, “I've spoken to a lot of people in the new administration, but I can't comment any further than that.” However, when asked if he would serve on a potential crypto advisory board, Saylor said, “I am always willing to share my thoughts on constructive digital asset policy, whether privately or publicly. And if I were asked to serve on an advisory board related to digital assets, I would probably do it. Yes.” *This is not investment advice. Continue Reading: Michael Saylor Makes Bold Statements About Bitcoin (BTC) and Trump: "We Will Change Our Strategy!"
Hut 8 has acquired 990 Bitcoin for $100 million, boosting its total BTC holdings to over $1 billion as institutional adoption of cryptocurrency accelerates.
A lucky crypto trader scored a gigantic return after investing early in the new native asset of a non-fungible token (NFT) project built on Solana ( SOL ). The market analytics platform Arkham Intelligence notes that someone bought only $6 worth of PENGU , the new utility token for the NFT project Pudgy Penguins, then added it to the Solana-based decentralized exchange (DEX) Raydium ( RAY ) paired with $1100 worth of SOL. Explains Arkham, “Multiple users trying to snipe PENGU’s launch swapped into his pool, and bought tokens at highly unfavorable prices – earning him a profit of $87,000 in SOL and PENGU from this position.” Source: Arkham/X Binance listed PENGU for trading on Tuesday after the project’s airdrop on Monday. The token, which is already the 68th-ranked crypto asset by market cap, is trading at $0.0383 at time of writing and is up nearly 12% in the past 24 hours. Pudgy Penguins announced earlier this month that it planned to launch PENGU on the Solana network. “With PENGU, the millions of Pudgy Penguin fans and the hundreds of millions of people outside of crypto that see and share the Pudgy Penguin every day finally have the opportunity to align themselves with the character… PENGU will have a total supply of 88,888,888,888 and will launch on Solana.” Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post From $6 to $87,000: Early PENGU Holder Scores Big on Solana-Based Memecoin: Arkham appeared first on The Daily Hodl .
Caroline Crenshaw’s renomination to the SEC was blocked after the crypto industry campaigned against her due to her critical stance on digital assets. With her term ending soon, the industry hopes President Trump will push for crypto-friendly replacements, such as Chris Brummer or Jai Messai, in the new Congress. Caroline Crenshaw, a Democrat who is not supportive of crypto, had her reappointment to the SEC canceled . The Senate Banking Committee canceled the vote after significant pressure from the crypto industry, which urged Senate Democrats to stop her due to her negative views on cryptocurrency. Crypto industry blocks Crenshaw’s renomination Crenshaw, who was nominated by President Trump and confirmed during his first term, now faces uncertainty about her future at the SEC. If President Biden had renominated her, she would have likely stayed for another five years. However, her critical views on crypto, especially her role in cracking down on the $3 trillion digital asset industry have become hurdles in her way to returning to her role. It became a major issue as the crypto industry, which had a major influence on President-elect Donald Trump’s election victory, used its political influence to prevent her renomination. Major figures in the crypto industry, including Tyler Winklevoss from the Gemini exchange, campaigned against Crenshaw’s renomination. They argued that her stance was blocking innovation in the U.S., and with millions of crypto supporters backing the movement, it could be a pressure on Senate Democrats. The Senate Banking Committee, controlled by Democrats, had planned to vote on her nomination, but the vote was delayed due to limited time before the end of the current Congressional session. Crenshaw still holds her position at the SEC, but her term will likely end soon unless President Trump renominates her when he takes office in January. However, since Trump has strong support from the crypto community and wants to reverse some of Biden’s policies, it’s unlikely she will stay in her role under his leadership. Who could replace Crenshaw? As the Senate prepares for the new Congress, the crypto industry is already considering possible replacements for Crenshaw. Some names being discussed include Georgetown law professor Chris Brummer, Jai Messai from Lightspark, and former SEC lawyer TuongVy Le. These candidates are seen as more supportive of digital assets and bring hope for clearer regulations. The cancellation of Crenshaw’s renomination vote shows how much influence the crypto industry has in Washington, D.C. In the coming months, it will become clear if her time at the SEC is over and if President Trump will push for candidates who support crypto to replace her. A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.
The Terra Luna Classic community discusses increasing the burn tax from 0.5% to 1.5%. Current voting shows a lack of consensus among community members. Continue Reading: Community Debates Increase in Terra Luna Classic Burn Tax The post Community Debates Increase in Terra Luna Classic Burn Tax appeared first on COINTURK NEWS .
London, UK, December 19th, 2024, Chainwire As cryptocurrency adoption expands, so do the associated risks, including physical threats targeting crypto holders. Traditional wallets often lack safeguards to address real-world coercion scenarios. Addressing this challenge, Deus Wallet introduces a new feature: Duress Mode. This technology, integrated into Deus’s non-custodial framework, provides an added layer of security to help
Hong Kong’s Securities and Futures Commission (SFC) has strengthened its crypto exchange landscape by approving four new licenses, boosting regulatory oversight. The introduction of these licenses demonstrates Hong Kong’s commitment