MicroStrategy Purchased 487 More Bitcoins
MicroStrategy purchased 487 Bitcoins (BTC) at an average price of $102,600 between November 3 and 9. The total expenditure amounted to $49.9 million. With this new purchase, the company’s Bitcoin portfolio is approaching the 198,000 BTC mark, and the market interpreted this move as a sign that institutional investors’ confidence in Bitcoin continues.
Bank of England Proposes Stablecoin Limits
The Bank of England (BoE) has proposed a £20,000 limit for individual stablecoin holdings and a £10 million limit for corporate stablecoin holdings. This regulation aims to strengthen risk management in the stablecoin market with the goals of financial stability and user protection.
Brazilian Central Bank Updates Crypto Regulations
The Brazilian Central Bank announced a new regulatory framework for cryptocurrency transactions. The new rules introduce stricter controls on exchange licensing, customer identity verification, and reserve transparency. This step is seen as part of Brazil’s goal to become a leading digital finance hub in Latin America.
Fed’s Daly: Door Should Remain Open for Interest Rate Cuts
San Francisco Fed President Mary Daly stated that the slowdown in the labor market is due more to falling demand than to insufficient labor supply. She emphasized that this situation creates a critical distinction in the Fed’s interest rate cut decisions. While Daly did not clarify her stance on interest rate cuts at the December meeting, she said policymakers should be open to further cuts.
Bitdeer Produced 511 Bitcoins in October
Bitdeer Technologies (Nasdaq: BTDR) produced 511 BTC in October, a 13% increase from the previous month. The company’s total Bitcoin holdings rose to 2,233 BTC, while its hash rate reached 55.5 EH/s. Bitdeer’s performance demonstrates a steady growth trend in scaling its mining operations.
Bitplanet Continues Bitcoin Purchases
South Korean publicly traded company Bitplanet (049470.KQ) purchased an additional 15 Bitcoin, bringing its total holdings to 200 BTC. This purchase shows that companies in Asia are accelerating their shift towards digital assets in their reserve management strategies.
1,271 Bitcoin Transfer from BlackRock
On-chain data shows that BlackRock transferred 1,271 BTC (approximately $134.67 million) to Coinbase. Experts suggest this move could be related to institutional rebalancing or liquidity position adjustments linked to ETFs.
Balancer Hacker Secures 25,300 ETH
On-chain analyst Yu Jin revealed that following the attack on the Balancer protocol, the hacker secured 25,300 ETH (approximately $91.7 million). It was found that the attacker systematically converted staking derivatives and altcoin assets into ETH in recent days. The Balancer team is working on urgent measures to close security vulnerabilities and reduce user losses.
Stake Amount on Starknet Exceeds $200 Million
Ethereum Layer-2 solution Starknet announced that the total staking volume in its ecosystem has exceeded $200 million. To date, 880 million STRK tokens have been staked. With the newly launched Bitcoin staking feature, 835 BTC has been staked.
Republic Secures $100 Million in Financing for ETH Purchases
Republic Technologies (CSE: DOCT) has secured $100 million in zero-interest convertible bond financing to expand its Ethereum staking and reserve business. The company announced that it will use more than 90% of the funds to purchase ETH. The initial investment will be $10 million.
Sui Ecosystem Invests $2.5 Million in Bluefin DEX
NASDAQ-listed SUI Group has invested 2 million Swiss francs (approximately $2.5 million USD) in the decentralized exchange Bluefin. The partnership aims to increase the participation of hedge funds and institutional investors in on-chain markets.
