Bitcoin Soar to New Heights - November 12, 2024
MicroStrategy added more BTC in their bags, CoinDCX wants to educate 160M investors.
TL;DR: Crypto Insights in Seconds
Bitcoin: BTC surged past $89,000, marking another milestone after recently crossing $80k
MicroStrategy: Michael Saylor added 27,200 BTC worth $2.03B to its holdings
Nano Labs: China's company now accepts Bitcoin payments
FTX: Alameda Research filed $90M lawsuit against Waves founder
CoinDCX: India's largest platform launched crypto education campaign targeting 160M investors
Price Update
Bitcoin 10K from 100K
Bitcoin reached new all-time highs amid increased institutional adoption. Markets show strong momentum following positive regulatory developments and growing mainstream acceptance, with speculation about potential alt season beginning.
Legal And Regulation
UK Steps Forward with Digital Gilts
The UK plans to trial digital gilts within two years, marking a significant step toward modernizing government debt issuance. The initiative aims to improve trading speed and reduce costs through blockchain technology.
Alameda Sues Waves Founder
Alameda Research, affiliated with the collapsed cryptocurrency exchange FTX, has launched a legal action against Aleksandr Ivanov, the founder of Waves blockchain, seeking to recover approximately $90 million in assets due to market manipulation and mismanagement. The lawsuit against Ivanov is part of a larger legal campaign led by Alameda Research and the FTX estate to recover funds lost during FTX’s collapse in November 2022.
New Launches
CoinDCX Education Initiative
Indian crypto exchange launched "Learn Karo, Crypto Karo" campaign targeting 160 million potential investors with educational content and resources.
Immutable Enhances Web3 Gaming
Introduced new in-game signing features for Web3 games, improving user experience and transaction efficiency, pushing Web3 gaming to global adoption.
Don’t Miss Anything
MicroStrategy's Major BTC Purchase
Michael Saylors’s company acquired 27,200 BTC worth $2.03B, marking one of the largest institutional purchases this year. The acquisition brings their total holdings to approximately 174,530 BTC.
Nano Labs Embraces Bitcoin
Chinese tech company now accepts Bitcoin payments through Coinbase, integrating cryptocurrency into its business strategy. The company noted that it is working to give clients greater payment flexibility, with rising demand for digital currency options in the tech sector and reducing delays and fees associated with traditional banking.
Bitcoin and Ethereum’s strong post-election rally reflects bigger optimism in crypto markets, with new ETF volumes and Fed policy changes adding momentum. Meanwhile, developments like OpenSea’s platform overhaul and Tether’s entry into oil trading show how companies within the space are diversifying and innovating to meet evolving market demands. As the market evolves, being informed and adaptable is crucial for investors and participants. Stay tuned for tomorrow’s newsletter to get the latest insights and updates in the market.
