🦎🚀 Are you all-in on the chair? 🪑

Tuesday, December 5, 2023

Don't miss out on the juiciest news in the crypto space! Stay in the loop to ensure that you receive our latest newsletters, right in your inbox!

Saylor In The Green!

MicroStrategy (MSTR) witnessed a substantial increase in its Bitcoin holdings, amassing over a $2 billion profit as BTC surged above $42,000.

With its most recent purchases in November, the company currently holds 174,530 BTC, acquired for $5.28 billion, averaging $30,252 per bitcoin as of November 30.

In other news, Mantle enters the liquid staking game, Osmosis and UX Chain join hands, while Crypto.com and DigiFT secure licenses in the UK and Singapore respectively.

Read on!

24h Hot Searches Worldwide 🔥

Vulcan Forged (-1.0%)
Guacamole (+13.3%)
ORDI (+17.7%)
Big Time (+25.1%)
Pyth Network (-2.9%)
Decimated (+0.9%)
Syscoin (-3.0%)

Who is Lobbying For Crypto in the US This Year?

10 crypto companies account for a disproportionate 53.9% of the industry's US lobbying spend this year.

This includes Coinbase, Binance, Kraken, and Ripple, which have all been under recent regulatory scrutiny.

Where is bitcoin's price going? Find out what the institutions and analysts are predicting in this video!

Watch now!

It's mETH, Not Meth

Mantle, an Ethereum Layer-2 project with a treasury valued at $2.3 billion, announced the launch of its new liquid-staking protocol, Mantle LSP, on Monday.

Deployed on Ethereum, Mantle LSP marks the second core product within the Mantle ecosystem, following the main Mantle Network's launch in July.

The Mantle Network currently boasts over $220 million in total value locked (TVL), as reported by L2 Beat.

CoinDesk

A Proposed Merger

Osmosis, the primary decentralized exchange on Cosmos, and lending protocol UX Chain (formerly Umee) have proposed a merger, signaling significant consolidation within the Cosmos ecosystem.

Pending approval, this merger could entail integrating UX Chain's lending logic and algorithms with Osmosis' DEX, forming a comprehensive DeFi hub.

The Block

Regulation On The Rise

Crypto.com, a global cryptocurrency platform, has obtained authorization as an Electronic Money Institution from the UK's Financial Conduct Authority.

In separate news, DigiFT, a digital assets exchange, has received authorization from the Monetary Authority of Singapore (MAS) to operate collective investment schemes and function as an 'organized market' for secondary-market trading.

The Block