Artificial intelligence company Genius Group Limited saw its stock price rise 66% in one day after announcing the adoption of MicroStrategy's "Bitcoin First" strategy. The strategy involves a commitment to hold 90% or more of the company's current and future reserves in Bitcoin, starting with a $150 million market (ATM) issuance to complete the initial goal of acquiring $120 million in Bitcoin. (Cointelegraph) Yesterday's news, Genius Group intends to adopt a Bitcoin-first financial strategy, plans to allocate more than 90% of its reserves to Bitcoin, launch a Web3 education series and enable Bitcoin payments on Edtech platforms.

On Nov 13, 2024, 01:22 AM(UTC). According to Binance Market Data, BNB has dropped below 620 USDT and is now trading at 619.97998 USDT, with a narrowed 5.56% decrease in 24 hours.

Deribit data shows that BTC options with a nominal value of approximately US$3.037 billion and ETH options contracts with a nominal value of US$560 million will expire and be delivered on Friday (November 15); the maximum pain point price of BTC is US$77,000, and the maximum pain point price of ETH is US$2,950.

Apple Studios and A24 are reportedly adapting Michael Lewis's book on Sam Bankman-Fried’s rise and fall, with Lena Dunham as screenwriter. As studios race to capture his scandal, the film highlights the intrigue and volatility of crypto. Will this be the ex-FTX CEO’s lasting legacy?

According to on-chain analyst Yu Jin’s monitoring, FTX/Alameda’s asset sales are currently quite regular, mainly in two items: 1. SOL: about 170,000 SOL are redeemed from the 12th to the 15th of each month and distributed to 20 addresses, most of which will flow into Coinbase and Binance. 2. WLD: 143,000 WLD will be transferred to Binance every Wednesday morning.

The post XRP Lawsuit Settlement News: Former SEC Attorney says Ripple Has Already Paid ‘$125 Million’ appeared first on Coinpedia Fintech News Ripple’s journey has been nothing short of a rollercoaster, filled with legal battles and regulatory uncertainty. With the recent shift in the U.S. presidency to Donald Trump, Ripple CEO Brad Garlinghouse sees a pivotal opportunity to push for a... source: https://coinpedia.org/news/xrp-lawsuit-settlement-news-former-sec-attorney-says-ripple-has-already-paid-125-million/

Musk is also a long-time supporter of memecoin Dogecoin, which has a ticker same as the acronym of the upcoming department. source: https://www.theblock.co/post/326152/trump-confirms-doge-will-be-led-by-musk?utm_source=rss&utm_medium=rss

According to Foresight News, TheBlock reports that PayPal USD stablecoin has now enabled transfers between Ethereum and Solana networks through LayerZero. This development marks a significant step in enhancing the interoperability of digital currencies across different blockchain platforms. By leveraging LayerZero's technology, users can seamlessly move PayPal USD between these two major blockchain ecosystems, potentially increasing the utility and adoption of the stablecoin. This advancement is expected to facilitate smoother transactions and broaden the use cases for PayPal USD, as it can now operate across multiple blockchain environments. The integration with LayerZero allows for efficient and secure transfers, which could attract more users to utilize PayPal USD for various financial activities. As the digital currency landscape continues to evolve, such innovations are crucial in bridging the gap between different blockchain networks, offering users more flexibility and options in managing their digital assets.

Genius Group has recently reshuffled its board with crypto and Web3 execs and is now targeting to hold $120 million in Bitcoin. source: https://cointelegraph.com/news/ai-firm-genius-group-adopts-bitcoin-treasury-strategy?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Robinhood CEO Vlad Tenev recently highlighted the huge efficiency advantages of cryptocurrency operations, arguing that the cryptocurrency business model is superior to traditional finance in terms of cost and customer service. Tenev told CNBC on November 12 that the cost of running a cryptocurrency business is “roughly an order of magnitude lower than traditional financial services.” He emphasized that blockchain technology significantly reduces transaction and operating costs, providing crypto platforms with significant competitive advantages. He added that these cost savings allow cryptocurrency exchanges to offer features such as fractional asset trading and 24/7 market access, advantages that traditional financial systems struggle to match. While many industries are still debating the future of digital assets, Tenev sees cryptocurrencies as a key component of the next generation of financial services. The current regulatory environment is heavily influenced by the U.S. SEC, causing many crypto innovations to move overseas. Tenev believes, however, that the Trump administration's recent announcements could pave the way for a more relaxed regulatory approach in the United States. (CryptoSlate)

Deribit officials said the platform's daily trading volume reached US$14.7 billion, a record high.

Golden Finance launches the 2507th issue of "Golden Morning 8", a morning report on the cryptocurrency and blockchain industry, to provide you with the latest and fastest news on the digital currency and blockchain industry.

After making big money investing in cryptocurrencies, James Fickel has quietly become one of the world’s largest funders of longevity science and brain research.

‍Currently, spot BTC ETFs traded in the United States are equivalent to approximately 66% of the total assets managed by gold ETFs.

Golden Finance launches Golden Web3.0 Daily to provide you with the latest and fastest news on games, DeFi, DAO, NFT and Metaverse industries.

If compared with the market value of other mainstream assets, the top price range of Bitcoin is between 110,000 and 220,000 US dollars.

Cryptocurrency, Web 3.0, Artificial Intelligence, Web3 + AI: Is it just hype or are we ready for Web4.0? Golden Finance, Welcome to the Dawn of Web4.0

Recommended readings tonight: 1. Shanzhai group dance: a list of crypto tokens that have risen more than BTC in 7 days; 2. What are the hot projects worth paying attention to in Sui ecology, which leads the rise of major public chains; 3. BTC aims at the $90,000 mark: who is pulling the price? Is $100,000 still far away? ;

Now that Trump is about to take office, the obstacle between the two sides is very likely to be removed.

The blockchain we are in is entering a new "Cloud Era" from the "Server Era" represented by Ethereum and Solana.