The broker raised its price target on the trading platform’s stock to $51 from $30. Source
Robinhood Is the Top Crypto Deregulation Trade, Bernstein Says
Day: November 20, 2024
Michael Saylor to Present Bitcoin Investment Proposal to Microsoft Board Amid Shareholder Vote
Microstrategy Chairman Michael Saylor has agreed to deliver a three-minute presentation to Microsoft’s board of directors regarding the potential benefits of investing in bitcoin. During a recent X Spaces event hosted by Vaneck, Saylor revealed that he was approached by the National Center for Public Policy Research (NCPPR), which has been promoting the proposal. Saylor […] Original
Is Ethereum Undervalued? Investors Hold Firm While Price Targets Rise
Ethereum has experienced a noticeable surge in its price recently, trading above the psychological $3,000 price mark, which has reignited interest in the crypto market. According to on-chain analysis, retail investors appear to be adopting a “hold” strategy, resisting the urge to sell despite the increase in ETH’s value. Market analysts view This holding behavior as significant, especially considering the broader market sentiment influenced by the so-called “Trump Trade,” which has contributed to easing risks and enhancing market conditions. Limited Ethereum Deposits To Exchanges According to the onatt, the CryptoQuant…
Korean Traders Prefer Two Tokens More than Bitcoin
CoinGecko data shows XRP and DOGE have cumulatively accounted for as much as 30% of trading volumes on Upbit, the country’s biggest exchange, and nearly 20% on Bithumb in the past 24 hours. That is unusually higher than usual leader bitcoin and indicates a short-term demand for the tokens in the country. Source
Argo Blockchain shares plunge 19% on weaker Q3 revenue compared to 2023 levels
Argo Blockchain reported a 28% decline in Q3 revenue year-over-year, reflecting continued challenges in the crypto mining space. Bitcoin (BTC) mining firm Argo Blockchain reported wider losses for Q3, with quarterly revenue of $7.5 million, down from $10.4 million a year earlier. In its Q3 earnings report released on Nov. 20, the firm revealed that total revenue for the first nine months of 2024 was $36.7 million, a slight increase from $34.4 million in 2023. The firm mined 123 BTC during the quarter, averaging 1.3 BTC per day. Mining margins…
Crypto Exchange Archax Adds Tokenized Money Market Funds From State Street (STT), Fidelity and LGIM (LGEN)
“Tokenized real-world assets, and in particular funds, are really gaining momentum,” said Graham Rodford, CEO and co-founder of Archax, in the release. “The industry sees the path to additional distribution and liquidity that tokenization brings, as well as the new innovative use cases like collateral transfer,” Rodford added. Source
Injective Launches Onchain AI Agents for Everyone
Users can design multiple autonomous artificial intelligence (AI) agents using iAgent to achieve specific objectives. One AI Agent to Rule Them All Injective has officially unveiled its latest innovation, iAgent. With the rise of AI agents, iAgent is a software development kit (SDK) that allows users to create and deploy their own onchain AI agents. […] Source CryptoX Portal
Michael Saylor to present investing in Bitcoin to Microsoft board
MicroStrategy’s executive chairman, Michael Saylor, will give a presentation about investing in Bitcoin to Microsoft’s board in just three minutes. This announcement came after Michael Saylor joined VanEck’s X Spaces on Nov. 19. In a very limited time, he will ask the board of directors to invest their massive allocation into Bitcoin. “The activist that put that proposal together contacted to me to present to the board, and I aggreed to provide a three-minute presentation,” Saylor says on X Spaces. Microsoft is one of the biggest tech companies in the…
Meta’s Mark Zuckerberg Could Teach DAOs, Like Compound, a Governance Lesson
Apathy remains a significant challenge in DAO governance, with voter participation often low, meaning a solution lies in incentivizing good participatory behavior. Somehow, DAOs need to adopt governance models that prioritize decision-making quality over quantity, ensuring that critical decisions – especially those involving user funds and protocol security – are handled with care and expertise, rather than left solely to those holding the most tokens. Source
The Case For A Future Valuation Of $1 Million
Este artículo también está disponible en español. Since November 5, the day President-elect Donald Trump secured another term in office, Bitcoin has experienced a remarkable uptrend, reaching a new all-time high of $93,300. Since then, BTC has been trading within a narrow range between $89,000 and $92,000, positioning for a potential move toward the $100,000 milestone. This raises an intriguing question whether a price of $1 million per coin is feasible over the next decade. A Long-Term Vision For Investors Market expert VirtualBacon has conducted an in-depth analysis of these…