The recent Bitcoin surge has sparked a flurry of activity across the crypto ecosystem, influencing government policies, corporate strategies, and technological advancements. Pennsylvania proposed a Bitcoin Strategic Reserve, El Salvador’s holdings turned a $525 million profit, and MicroStrategy’s massive BTC acquisition sent its stock to a 24-year high. Let’s find out more.
Bitcoin
Pennsylvania has proposed a Bitcoin Strategic Reserve bill to incorporate cryptocurrency into state reserves, setting a precedent for digital asset adoption in government finance.
El Salvador’s bold move to adopt Bitcoin as legal tender in 2021 is proving financially beneficial, as, following the Bitcoin surge, the country’s holdings have now generated a profit exceeding $525 million.
MicroStrategy Inc., led by co-founder and Chairman Michael Saylor, has completed a significant acquisition of 27,200 BTC, valued at approximately $2.03 billion, driving its stock to a 24-year high as the company solidifies its strategic bet on the cryptocurrency.
Altcoins
Investing in crypto presales like BlockDAG Network, Crypto All-Stars, Rexas Finance, Pepe Unchained, and MPEPE offers early access to discounted tokens and potentially high returns, though success depends on strategic decision-making and market insights.
DTX Exchange, leveraging innovative blockchain technology, advanced trading tools, and a competitive leaderboard, is positioned as a top altcoin investment for 2024 with significant growth potential and strong community backing.
Technology
BlackRock has expanded its $522 million tokenized fund, BUIDL, across multiple blockchain networks beyond Ethereum, offering institutional investors greater access and flexibility in digital U.S. Treasury yields.
Web3
Web3 gaming studio Drift Zone secured a $190,000 grant from the Sei network to integrate its ecosystem on the blockchain.
The team behind ZettaBlock has launched a decentralized artificial intelligence (AI) data platform, Kite AI, which aims to dismantle data silos by fostering a more open ecosystem where developers, data providers, and users can collaborate transparently with clear data ownership.
Verifiable computing project Brevis announced the closing of its seed funding round led by Polychain Capital and Binance Labs, along with the participation of IOSG, Nomad Capital, Bankless Ventures, Hashkey, and a number of angel investors.
INX, a regulated trading platform for digital securities and cryptocurrencies, is preparing to announce the launch of FURA, a security token for Furahaa, a plant-based fast-food chain based in France.
In a partnership aimed at bolstering security and reliability in decentralized computing networks, io.net, a DePIN providing access to well-performing GPU clusters, has entered into an alliance with NovaNet, a decentralized network specializing in zero-knowledge proofs (ZKPs).
Regulation
The Federal Bureau of Investigation (FBI) has executed a sophisticated sting operation, employing a fake cryptocurrency, “NexFundAI,” to catch individuals engaged in market manipulation and fraud and seized over $25 million in assets.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Source: https://cryptodaily.co.uk/2024/11/crypto-weekly-roundup-blackrock-goes-multichain-microstrategy-acquires-more-btc-more