Darkex News December 20, 2024

Michael Saylor: “We Will Change Our Bitcoin Strategy Once We Reach Our Target

Michael Saylor, founder of MicroStrategy, announced that the company will change their fundraising strategy after completing their $42 billion Bitcoin acquisition target. Saylor stated that they will follow a “smarter” method in the future.

by Darkex Research – 1 min read

Matt Hougan: “Fed Decision Will Not Affect the Bull Season

While the Fed’s 25-basis-point rate cut and projections of diminishing interest rate cuts for 2025 have sparked debate in the crypto market, Bitwise manager Matt Hougan argued that these developments will not affect the bull season in any way.

by Darkex Research – 1 min read

Hut 8 Increases Reserves by 990 BTC to $1 Billion

Bitcoin mining company Hut 8 added another 990 BTC to its reserves, bringing its total assets to 10,096 BTC. The company’s total market capitalization reached $1 billion. CEO Asher Giot announced that they will evaluate opportunities to buy more Bitcoin on the open market.

by Darkex Research – 1 min read

FED’s Third Interest Rate Cut

The US Federal Reserve (FED) cut its policy rate by 25 basis points at its last meeting of the year, marking the third consecutive rate cut. Interest rates were lowered to a range of 4.25%-4.5%, while expectations for a rate cut in 2025 were reduced from four to two. Fed Chairman Jerome Powell emphasized that the economy remains strong, and inflation is approaching the target and that they will be more cautious in future rate cuts.

by Darkex Research – 1 min read

El Salvador and IMF Sign $1.4 Billion Loan Agreement

El Salvador will receive a $1.4 billion loan over a 40-month period with the IMF. Under the agreement, Bitcoin payments for merchants will be made voluntary and government involvement in Bitcoin projects will be gradually reduced.

by Darkex Research – 1 min read

Trump Family’s Crypto Project “World Liberty” Partners with Ethena Labs

World Liberty Financial has reached a partnership agreement with Ethena Labs, the company behind the ENA token, on USDe synthetic dollars. The company continues to increase on-chain purchases for the ENA token.

by Darkex Research – 1 min read

Marathon Digital Buys 1,627 BTC

Marathon Digital has purchased 1,627 BTC worth approximately $166 million in the last 8 hours. The company is pursuing an aggressive strategy to increase its BTC holdings.

by Darkex Research – 1 min read

Aave Developer Avara Secures $31 Million in Funding for Lens Project

Avara completed a $31 million investment round led by Lightspeed Faction to develop Lens, a decentralized protocol for social and consumer applications.

by Darkex Research – 1 min read

Solana Ecosystem Generated $365 Million in Revenue in November

Solana’s total DApp revenue reached an all-time high of $365 million in November. Pump.fun stood out with $106 million in monthly revenue, while DeFi apps contributed 83.7% of revenue.

by Darkex Research – 1 min read

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