🦎🚀 Saylor is ready to buy more! 💰

Thursday, October 31, 2024

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Do you think it's time for a new all-time high, Geckos?

As we get closer to breaking the $73K barrier, new developments arise within crypto and AI!

In today's news:

What are the big boys doing with their BTC? 🤔
The Feds are keeping up with the market, too! 👀

Read on!

24h Hot Searches Worldwide 🔥

Grass (+21.0%)
Phil (+1.6%)
Ethervista (+79.3%)
Sui (-0.1%)
Celestia (-7.8%)
Kaia (+3.9%)
Solana (-2.4%)

How Do CPI Announcements Affect Bitcoin Price?

Exploring Bitcoin's role as a hedge against inflation. How does it react to Consumer Price Index (CPI) announcements? Read more to find out.

What are the big boys doing with their BTC? 🤔

It is earnings season again, and several firms are now holding more Bitcoin than ever, while others have chosen to exit their positions.

To no one's surprise, MicroStrategy, co-founded by Michael Saylor, has announced its plan to raise another $42B to acquire more BTC.

According to a statement by the firm, half of the funds will be raised through equity offerings, while the remainder will be generated through fixed-income securities.

MicroStrategy has achieved close to an 18% yield on their BTC holdings for the year, with a lower target of 6-10% annual BTC returns over the next 3 years.

On the other end, Reddit seems to have sold most of its crypto assets based on a recent filing with the SEC.

Most of their holdings, consisting of BTC and ETH, were approximately worth $6.9M in the past quarter.

From market movements, politics, sports and more, learn about prediction markets which allow you to bet on these real-world events!

Watch now

The Feds are keeping up with the market, too! 👀

The US government recently sold off the native ANT token from the Aragon project, which was seized from the now-shuttered hedge fund Alameda Research.

According to Arkham Research, the wallet in question deposited over 82,000 ANT tokens into AragonDAO's token redemption address in exchange for over 209 ETH (~$555,000)

Less than a year ago, the Aragon Association had voted to shut down the protocol and sell over 86,000 ETH in exchange for ANT tokens.

Users will have until November 2nd to redeem their ANT tokens before they are burnt.

What is DuckChain? Learn about the first TON Layer 2 that connects TON with Ethereum and Bitcoin's ecosystems and find out how to participate in the upcoming airdrop, with the snapshot taking place on November 18 2024.

Learn more

In Other News...

Solana ETFs on the Horizon?! Canary Capital joins VanEck and 21Shares as one of the latest digital asset managers that made S-1 filings for a Solana ETF.
Blockchain Game Space Nation Online to Get a TV Show. The show will be produced by Roland Emmerich, director of "Independence Day" & " The Day After Tomorrow". The series is expected to go live in 2027.
More Crypto Layoffs. Crypto exchange Kraken is the latest in the growing list of crypto firms downsizing their staff. "We need to be leaner and faster", Kraken released in a statement.
Grass Is Now Solana's Most Claimed Airdrop! Over 1.5M addresses claimed their airdrop, making this airdrop Solana's most distributed and claimed airdrop to date.
Coinbase Pledges Additional $25M for Political Lobbying. The donation will go to Fairshake, a political action committee that will funnell funds towards pro crypto candidates in the 2026 midterm elections.

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