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- Is Saylor Diluting Shareholders? 📊
Is Saylor Diluting Shareholders? 📊
In today’s edition: 🎙️ New pod with Vivek, 🤑 Record fee, big return, 🚨 Worst month for theft, 🚫 Circle refutes claims, and more!
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What’s Poppin’?
by Kari McMahon, Sage Young, and Samyuktha Sriram
The software company founded by Michael Saylor now holds about 174,530 BTC, worth roughly $6.5 billion.
Year-to-date, the crypto industry has lost $1.8 billion to hacks and fraud, according to a new report from Immunefi.
Antpool plans to refund the 83 BTC transaction fee presumably sent accidentally by an anonymous user on Nov. 23.
Circle sent a letter to U.S. Senators Brown and Warren refuting claims that it facilitated terrorist financing and denied banking TRON’s Justin Sun.
Vivek Ramaswamy is likely the biggest supporter of crypto among the current crop of presidential candidates. But his enthusiasm comes not from an inherent love of the technology or its principles themselves, but a dissatisfaction with what he calls the “administrative state” that’s stifled innovation in a number of important industries, crypto among them.
On this episode of Unchained, Ramaswamy discusses his radical plan to slash the number of people working at federal agencies; his three-point crypto policy plan based on the freedom to code as a protected form of expression, the freedom of financial self-reliance, and the freedom to innovate free from regulatory overreach; why the current orientation of the U.S. government towards regulation of the crypto industry by enforcement isn’t helping anyone; his plans to stabilize the U.S. dollar by pegging it to a basket of commodities that could eventually include Bitcoin; why he’s so opposed to central bank digital currencies; and what industries he thinks could benefit from the use of blockchain technology.
Daily Bits…✍️✍️✍️
🪂 Starknet Foundation confirmed the eligibility cutoff for an upcoming airdrop, clarifying that leaked screenshots were of draft plans.
📰 Forkast Labs, after merging with CryptoSlam, laid off most of its editorial staff and shifted focus towards data intelligence post-merger.
📜 U.S. Representative Tom Emmer criticized the Treasury Department's recommendations for more control over crypto, questioning the need for a "savior-like" approach.
🔧 SEC Commissioner Hester Peirce called for clearer and more efficient regulation of the crypto industry, highlighting inconsistencies in charging practices with crypto firms.
🔍 U.S. crypto bills have been delayed to 2024 due to internal Republican squabbles and leadership changes in the House.
🛠️ RARI Foundation used Arbitrum Orbit to create RARI Chain, a new layer-3 chain focused on NFT infrastructure and royalties.
🇧🇷 Brazil's Senate approved a bill imposing a 15% tax on crypto earnings from foreign exchanges, pending presidential approval.
📉 Cathie Wood's ARK Invest sold 37,377 shares of Coinbase, totaling $4.7M, as COIN remains at 19-month highs.
💸 A 'Munger' memecoin surged then crashed after billionaire Charlie Munger's death, facing scrutiny due to smart contract issues.
The $$$ Corner…
💰 Decentralized infrastructure provider Grove garnered $7.9 million to advance its network and partnerships for mainstream adoption.
What Do You Meme?
Recommended Reads
📈 Your Market Update 📉
BTC is up 2.1%, trading at $38,656
ETH is up 2.8%, trading at $2,094
BTC dominance: 49.74%
Crypto market cap: $1.52T
*All data as of today, 06:38 am ET
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