Day: November 25, 2024

Sui partners with Babylon Labs and Lombard to add Bitcoin staking

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Sui is entering the Bitcoin staking market through partnerships with Babylon Labs and Lombard Protocol. The collaboration between Sui (SUI), Babylon and Lombard targets the $1.8 trillion Bitcoin (BTC) market, with staking a major attraction for users. Tapping into Bitcoin liquidity will see Sui grow its decentralized finance ecosystem, with BTC holders staking their coins on Babylon. BTC stakers will receive Lombard’s liquid staking token LBTC, which will be natively minted on Sui. Starting in December, Sui will offer BTC staking opportunities, introducing LBTC to its growing user base. According…

Kusama Says 99% Supply Burn Possible

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Este artículo también está disponible en español. Shiba Inu lead developer Shytoshi Kusama has addressed inquiries regarding the ambitious goal to burn 99% of the circulating SHIB token supply. Kusama initially engaged with the community by inviting questions for his podcast, stating, “What a topic or question you want to hear answered on my podcast? #shyspeaks.” Burning 99% Of Shiba Inu Tokens ‘Can Be Achieved’ This call to engagement set the stage for subsequent discussions about the potential token burn strategy. Fang Zhang, Chief Financial Officer at LSP Finance, directly…

Bitcoin Correction Looms as Analyst Predicts Drop to $85,600 Without $100K Breakthrough

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Bitcoin’s (BTC) recent rally faces a potential setback, with an analyst warning of a significant correction unless the cryptocurrency surpasses the critical $100,000 resistance level. TD Sequential Signals Correction On Nov. 12, 2024, an X trader known as Ali flagged a bearish pattern for bitcoin’s 12-hour chart, using the TD Sequential indicator to support the […] Original

Ethereum Foundation Launches Attackathon to Strengthen Protocol Security

The Ethereum Foundation has initiated its first-ever “Attackathon,” a community-driven challenge offering $1.5 million in prizes to identify flaws in the Ethereum protocol. Ethereum Hosts Attackathon According to the announcement from the foundation’s Protocol Security Research Team and the Ecosystem Funding Initiative, the Attackathon event will take place from Nov. 25, 2024, to Jan. 20, […] Source CryptoX Portal

Over $500 Million Wiped Out From The Market As Bitcoin Price Fluctuates Heavily

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Este artículo también está disponible en español. Traders have had a torrid start to the week, as over $500 million has been liquidated from the crypto market in the last 24 hours. This has been due to the Bitcoin price, which has continued to fluctuate heavily in recent times.  $500 Million Liquidated As Bitcoin Price Fluctuates Coinglass data shows that over $500 million was liquidated from the crypto market in the last 24 hours as the Bitcoin price fluctuates. Long traders suffered the most loss, with over $366 million in…

MicroStrategy’s Bitcoin plan gobbles another $5.4b

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Bitcoin’s largest corporate holder, MicroStrategy, has increased its total Bitcoin holdings to 386,700, according to executive chairman Michael Saylor. On Nov. 25, Saylor announced that MicroStrategy had added 55,000 Bitcoin (BTC) to its crypto treasury. The software company spent $5.4 billion on the latest purchase, acquiring tokens at an average price of $97,862 per BTC. It has cost MicroStrategy $21.9 billion to amass its Bitcoin trove since 2020. BTC’s value has appreciated over that four-period, earning Saylor’s firm more than $15.2 billion in unrealized profits. MicroStrategy’s founder said he doesn’t…

MicroStrategy Adds 55,500 More BTC To Its Portfolio For $5.4 Billion

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Business intelligence firm MicroStrategy has significantly increased its Bitcoin (BTC) purchases this month in response to the bullish sentiment following President-elect Donald Trump’s victory on November 5. The company’s recent acquisitions have pushed its total Bitcoin holdings to approximately $38 billion. Convertible Notes Fuel Massive Bitcoin Purchase On November 25, co-founder Michael Saylor announced via social media that MicroStrategy had acquired 55,500 BTC between November 18 and November 24 for $5.4 billion.  This purchase was funded by proceeds from a $3 billion convertible note issuance and sales of common shares,…

Matrixdock Partners with Brink’s for Global RWA Custody, Starting with Gold

Partnership Enhances Security for XAUm, Matrixdock’s Gold-Backed Digital Asset, with a Focus on Key Asian Financial Hubs SINGAPORE, Nov. 25, 2024 /PRNewswire/ — Matrixdock, a leading platform for tokenized real-world assets (RWA), is pleased to announce a strategic partnership with Brink’s, a global leader in secure logistics and asset protection. This partnership ensures the secure transportation and vaulting of LBMA-certified gold, which underpins Matrixdock’s recently launched XAUm token, with a focus on vaults located in Singapore and Hong Kong, two of Asia’s premier financial hubs. XAUm, an ERC-20 token fully…