SOS Ltd announces a $50M Bitcoin purchase, sparking a 40% surge in stock price as it leverages Bitcoin’s rally and institutional momentum.SOS Ltd Invests $50M in Bitcoin, Shares Rally Over 40%China-based SOS Ltd, a financial services firm operating a Bitcoin mining facility in the United States, has pledged to purchase $50 million worth of Bitcoin (BTC). The announcement, made on Nov. 27, comes as Bitcoin continues its meteoric rise, and the company's stock surged over 40%, closing at $9.93 and climbing further in after-hours trading.The company’s board approved the Bitcoin acquisition as part of its long-term strategy, viewing Bitcoin as a store of value and a strategic asset. SOS plans to deploy investing, trading, and arbitrage strategies to maximize returns and hedge against market volatility.Riding Bitcoin’s Bull RunBullish Market SentimentSOS chairman and CEO Yandai Wang emphasized Bitcoin's strength, stating:“Bitcoin market performance is robust, supported by positive developments such as the launch of Bitcoin-related ETFs and improvements in U.S. regulatory frameworks.”Bitcoin Rally Boosts InterestBitcoin surged 40% in November, flirting with the $100,000 milestone after hitting a high of $99,860 on Nov. 24.Institutional and corporate interest in Bitcoin is at an all-time high, with firms like Rumble and Genius Group recently announcing similar moves.SOS Stock Performance: A Mixed BagStock Surge: SOS shares peaked at $15.35 during the Nov. 27 trading day before settling at $9.93, up 43% on the day.After-Hours Gains: Shares climbed an additional 14.5% to $11.36 in after-hours trading.Year-to-Date Decline: Despite the rally, SOS shares remain down 86.5% this year, reflecting broader challenges, including a noncompliance notice from the NYSE in August.Bitcoin’s Rising Appeal to Struggling CompaniesSOS Joins the TrendSOS follows a wave of struggling firms leveraging Bitcoin’s rally to buoy market sentiment:Rumble: Announced a $20 million Bitcoin purchase on Nov. 25, driving its stock up 13%.Genius Group: Acquired 110 Bitcoin for $10 million this month, with plans to hold 90% of reserves in Bitcoin.A Strategic Shift Amid Financial PressureSOS, like Rumble and Genius Group, has faced years of financial struggles. Despite its Bitcoin mining operations, the firm last posted a net income gain in 2020, and its shares have plummeted 99.9% from their 2017 peak of $84,900.Bitcoin Bet Sparks Optimism for SOS SOS Ltd’s $50M Bitcoin investment underscores the growing trend of struggling firms turning to cryptocurrencies to capitalize on market momentum. While the move has temporarily buoyed SOS shares, the long-term impact remains uncertain as the company works to regain investor confidence amid ongoing financial challenges, according to Cointelegraph.

Mark, co-founder of decentralized cloud infrastructure provider Aethir, published a post announcing the first batch of projects supported by its $100 million ecosystem fund, including Creator.Bid, Moemate, Capx AI, FOMO, and Top Hat AI. The first batch of projects will receive GPU computing from Aethir and its ecosystem fund, making it easier for its platform to launch AI Agents. In addition, Mark said that more than 300 AI Agent projects have been contacted, and the second batch of funded project builders are in line. Aethir promises to act quickly to accelerate the embrace of AI Agents and AI Memes.

Bitcoin (BTC) hit $97K before retreating to $95.5K, while ETH surged 7% and XRP gained 6%. Market optimism grows as Scott Bessent is nominated as U.S. Treasury Secretary.Bitcoin Hits $97K Before Thanksgiving DipBitcoin (BTC) briefly surged past $97,000 in early Thursday trading before retracing to around $95,500, marking a 3.3% gain in the past 24 hours. The price jump fueled speculation of an imminent $100,000 breakout, although some traders warned of potential volatility during the Thanksgiving holiday, a period historically marked by sudden market movements.Ethereum Outperforms Amid Rising On-Chain ActivityETH Leads Market Gains (H3)Ethereum (ETH) surged 7%, outperforming Bitcoin (BTC) and other major tokens.XRP and BNB gained 6%, while Dogecoin (DOGE) added over 5%.On-Chain Indicators Support ETH RallyCoinDesk data highlights rising on-chain activity for Ethereum, including:Increased revenue and fees.Growth in new wallet creations and transaction volumes.Record open interest in ETH futures, with 6.32 million ETH contracts worth over $27 billion.This surge reflects traders' bullish outlook for ETH as activity remains elevated compared to earlier in the year.DeFi and Memecoins See Significant GainsDeFi Tokens SoarAAVE and UNI surged 9%, reflecting optimism in decentralized finance.Memecoins like PEPE and MOG rose more than 8%, often acting as leveraged "ether beta bets."ETH/BTC Pair Rises SharplyQCP Capital reported a 13% rise in the ETH/BTC pair to 0.0366, signaling a shift in money flows toward Ethereum. This move has also outpaced the broader CoinDesk 20 Index, which recorded a modest 0.5% gain.Scott Bessent’s Nomination Boosts Market OptimismWall Street and Risk Assets RallyMarkets reacted positively to the nomination of Scott Bessent as U.S. Treasury Secretary by President-elect Donald Trump.Bessent’s market-friendly stance and potential moderation of tariff policies lifted sentiment across risky asset classes, including cryptocurrencies.Wall Street reached record highs, further fueling bullish momentum.Bessent’s Crypto OutlookIn a July interview, Bessent described crypto as “about freedom” and emphasized its appeal among younger investors. His nomination adds to the optimism surrounding a pro-crypto administration in the U.S.Thanksgiving Brings Market Volatility and OptimismBitcoin’s (BTC) brief surge past $97K and Ethereum’s standout performance highlight the growing momentum in the crypto market. With Thanksgiving historically a volatile period and optimism fueled by Scott Bessent’s nomination, traders are eyeing potential near-term gains while preparing for possible corrections, according to CoinDesk.

Bitwise Asset Management files for its 10 Crypto Index Fund ETF, offering diversified exposure to major cryptocurrencies, including Bitcoin and Ether.Bitwise 10 Crypto Index Fund ETF Application Submitted to SECDigital asset manager Bitwise has filed an application with the U.S. Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) based on its existing 10 Crypto Index Fund (BITW).The proposed ETF, filed on Nov. 27, aims to provide investors with indirect exposure to a diversified portfolio of cryptocurrencies, with the New York Stock Exchange (NYSE) Arca filing to list the ETF on Nov. 15.Portfolio Composition and Custodial Details Fund Allocation (H3)The Bitwise 10 Crypto Index Fund ETF allocates its assets primarily to Bitcoin and Ether but includes a range of other major cryptocurrencies:Bitcoin (BTC): 75.14%Ether (ETH): 16.42%Additional holdings: Solana (SOL), Ripple (XRP), Avalanche (AVAX), Chainlink (LINK), Cardano (ADA), Bitcoin Cash (BCH), Uniswap (UNI), and Polkadot (DOT).Custody and Management Crypto Custody: Managed by Coinbase Custody.Cash Holdings and Administration: Handled by Bank of New York Mellon, serving as the custodian, administrator, and transfer agent.Fund Size and ObjectiveThe fund holds $1.4 billion in assets under management (AUM), with a strict focus on the portfolio assets and cash.Objective: Indirect exposure to cryptocurrencies without direct ownership by the Trust.Regulatory and Market ContextSEC Review TimelineThe SEC has yet to set a deadline to approve or reject the application but has formally acknowledged its submission.Bitwise’s Market MovesBitwise has been expanding its offerings:Nov. 27: Rebranded its European XRP ETF as the Bitwise Physical XRP ETP.Nov. 26: Filed for a direct spot Bitcoin and Ether ETF.Nov. 20: Registered a statutory trust in Delaware for a spot Solana ETF.Pro-Crypto Regulatory LandscapeThe recent U.S. presidential election and pro-crypto Congressional wins have fostered optimism about a more favorable regulatory environment, potentially increasing the likelihood of ETF approvals.Significance of the Bitwise 10 Crypto Index Fund ETFThe ETF offers investors exposure to a diversified basket of leading cryptocurrencies, appealing to those seeking to hedge against volatility while benefiting from broader crypto market trends. Bitwise’s expertise and partnerships with established institutions like Coinbase Custody and Bank of New York Mellon enhance investor confidence.A Step Toward Diversified Crypto ETFsBitwise’s filing for its 10 Crypto Index Fund ETF signals continued innovation in the digital asset space. If approved, the ETF could provide a gateway for institutional and retail investors to access a diversified crypto portfolio under a regulated framework, solidifying Bitwise's position as a leader in crypto asset management, according to Cointelegraph. 

OKX market data shows that ETH fell below 3600 USDT and is now trading at 3595 USDT, with the 24-hour increase narrowing to 4.77%.

日本発の新たなレイヤー1ブロックチェーンが誕生する。 千葉工業大学学長でデジタルガレージ共同創業者の伊藤穰一氏と、あと払い（Buy Now Pay Later： ... The post 伊藤穰一氏らがレイヤー1「Japan Smart Chain」開発を発表 first appeared on CoinDesk JAPAN（コインデスク・ジャパン）. source: https://www.coindeskjapan.com/264140/

Top trader Eugene posted on the X platform that “the beauty of a bull market is that there are always opportunities as long as you know where to look. One person’s exit is another person’s entry.”

Pantera CEO Dan Morehead compares buying Bitcoin (BTC) in 2013 to owning gold in 1000 BC. Learn how Pantera’s first Bitcoin (BTC) investment grew over 130,000%.Pantera Capital’s Bitcoin Journey: From $74 to $15 Trillion PotentialDan Morehead, founder and managing partner of Pantera Capital, described buying Bitcoin (BTC) in 2013 as akin to owning gold during the Iron Age. Speaking in a Nov. 26 blog post, Morehead revealed that Pantera’s first Bitcoin (BTC) purchase at $74 in July 2013 has yielded a lifetime return of over 130,000%.Bitcoin's "Escape Velocity" and Long-Term OutlookBitcoin (BTC) as a Gold-Like AssetMorehead recalled telling a skeptical investor in 2013:“Bitcoin isn’t just like buying gold — it’s like buying gold in 1000 BC.”At that time, Bitcoin was largely unknown, with less than 1% of global financial wealth exposed to it. Morehead argued that Bitcoin (BTC) could go either to zero or grow exponentially.Mass Adoption and InstitutionalizationToday, Morehead believes Bitcoin (BTC) has achieved “escape velocity,” with over 300 million holders globally and 5% of financial wealth exposed to the cryptocurrency.He cited increasing regulatory clarity and the approval of spot Bitcoin ETFs by giants like BlackRock and Fidelity as catalysts for further institutional adoption.Bitcoin's Road to $15 Trillion Asset ClassMorehead predicts Bitcoin (BTC) could become a $15 trillion asset, equating to a price of $740,000 per BTC — a 667% increase from current levels.Timeline: By April 2028, according to his projection.Rationale: Continued institutional adoption and broader integration into global finance.Reflections on Bitcoin's Early VolatilityChallenges in Bitcoin’s Early DaysMorehead recalled Bitcoin’s 87% crash in December 2013, just six months after Pantera’s first investment. Despite the setbacks, he remained confident in Bitcoin’s long-term potential, even after 170 investor meetings yielded just $1 million in commitments.Missed OpportunitiesDuring Pantera’s early adoption of Bitcoin for corporate expenses, the firm spent 88 BTC (now worth $8.6 million) on hotel stays, sparking a humorous reflection:“We could’ve bought two hotels with that money!”Current Market SnapshotBitcoin is trading at $95,135, up 2.7% over the last 24 hours, signaling continued momentum amid growing institutional interest and market optimism.Bitcoin’s Long-Term PotentialDan Morehead’s journey with Bitcoin exemplifies the transformative power of early adoption. With predictions of Bitcoin (BTC) reaching $740,000 by 2028, the cryptocurrency continues to evolve as a cornerstone of global financial systems, driven by mass adoption and institutionalization.Related Articles:VanEck CEO Predicts Bitcoin Surge Amid U.S. Policy ShiftBitcoin (BTC) Bull Market Set to Continue, Galaxy Research SaysBTC May Drop 20% If Correlation With M2 Money Supply Persists According to Analysts 

According to the official announcement, Binance will launch the BNSOL Super Staking Event from 00:00 (UTC) on December 2, 2024 to 23:59 (UTC) on December 16, 2024. Users who hold BNSOL or stake SOL to BNSOL can receive PYTHAPR boost airdrop rewards. The rewards will be available for collection at approximately 05:30 (UTC) every day. Users can visit the SOL staking page and click [Claim Rewards] to collect them. After the event ends, the rewards will be automatically airdropped to the user's spot wallet. (This newsletter is generated with the assistance of AI)

The Multi Agent Orchestration platform - Questflow recently released the Twitter Agent Swarm feature to further promote the combination of AI Agent and Web3 application scenarios. This product function supports yWeb3 users to proxy their social accounts through Questflow's Twitter Swarm, and the Agent helps users to create and publish featured content, helping community projects and KOLs expand their influence; in addition, Questflow's cooperation with the Base team has been further strengthened, and it has been successfully selected for the latest Base Grant, and is developing new products.

The FTC is investigating Microsoft's business practices across cloud services, AI, cybersecurity, and software licensing, focusing on potential anti-competitive behaviour. This comes amid rising pressure on tech giants as regulators examine their growing influence and market dominance.

Eric Balchunas believes that by the end of January, there could be more than 40 altcoin-related ETFs listed.

Surpassing the previous record of $188 billion set in April 2022

Judging from the list of the new government, in addition to well-known names in the crypto market such as Musk and Howard Lutnick, many cabinet officials are firm supporters of cryptocurrencies and have publicly disclosed their cryptocurrency holdings.

Attack on Titan: Invasion brings the anime’s epic battles to life in The Sandbox metaverse, where players defend against Titans using strategy and skill. This free experience offers action-packed gameplay, with optional NFTs for fans seeking a deeper connection to the series.

Crypto market, what is the main line of this round of bull market? Golden Finance, the main line of this round is already relatively clear.

In the philosophy of most Chinese people, survival is more important than faith, and travel is just the spice sprinkled on survival.

Some analysts expect Dogecoin prices to surge by more than 1,000%, based on emerging technical chart patterns.

Ethereum futures hit a new record, which may indicate a new bull run for Ethereum.

Using blockchain for AI data annotation is particularly suitable for data annotation scenarios that require high transparency, credibility, and distributed collaboration. This can not only improve the efficiency and quality of data annotation, but also create possibilities for global collaboration and data transactions.