Bitcoin reached 17-month highs on October 24th due to the excitement around the potential launch of a Bitcoin spot price ETF in the United States. While no official green light has been given, the event is increasingly viewed as a matter of time. Public Bitcoin ETFs worldwide saw the equivalent of 10% of the year-to-date total in inflows over a single 24-hour period. Despite the highs, some traders remain cautious and believe that Bitcoin could nuke lower in Q1 2024 based on the timing of previous price cycles.
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Bitcoin Hits 17-Month Highs as ETF Excitement Boosts Price Action
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Strive Launches $450 Million Public Offering to Further Increase Bitcoin Holdings
Bitcoin treasury company Strive (Nasdaq code ASST) announced the launch of a $450 million public offering plan to increase its Bitcoin holdings and raise the proportion of Bitcoin per share. This issuance is part of the company's total $950 million capital initiative, which also includes a $500 million stock buyback plan to enhance balance sheet flexibility. Strive currently holds 69 Bitcoins, worth approximately $7.9 million, and can raise an additional $750 million in the next 12 months through warrants. The company stated that it will issue preferred shares through a registration structure to purchase additional Bitcoins, increasing shareholder exposure to Bitcoin and enhancing shareholder value. -
Coinbase CEO clarifies: No clear plans for Base network tokens at this time
in response to Base's announcement of exploring the launch of a network token, Coinbase CEO Brian Armstrong clarified on X platform that they are indeed exploring the Base network token. They hope that this token can become an excellent tool to accelerate the growth of creators and developers in decentralization and ecosystem expansion. However, it should be pointed out that at this stage, there is no specific plan for the related token, and disclosing the information is just for public update of the concept. -
Base Network Considers Issuing Tokens
jesse Pollak, the head of the Base protocol, stated on BaseCamp that Base is exploring the possibility of issuing network tokens. -
Ripple announces $25 million donation in RLUSD to two US nonprofits
Ripple announced a donation of $25 million to two non-profit organizations in the United States, Accion Opportunity Fund and Hire Heroes USA. This funding will be provided in the form of Ripple's dollar stablecoin Ripple USD (RLUSD), aimed at expanding financing channels for underserved small business owners. -
Google's stock price rose by more than 3%, setting a new record high, and its total market value exceeded US$3 trillion for the first time.
Google rose more than 3%, hitting a record high, with a total market value exceeding $3 trillion for the first time. As of now, there are 4 listed companies in the U.S. with a total market value exceeding $3 trillion, including Nvidia ($4.26 trillion), Microsoft ($3.79 trillion), Apple ($3.53 trillion), and Google. -
The three major U.S. stock indexes opened higher, with Tesla rising 6.74%.
U.S. stock market opened, with the Dow rising 0.03%, the S&P 500 rising 0.34%, and the Nasdaq rising 0.45%. Tesla (TSLA.O) rose 6.74%, with Musk investing about $1 billion to buy over 2.5 million shares of the company's stock last Friday. Nvidia (NVDA.O) fell 1.32%, while Oracle (ORCL.N) rose 4.12%. -
Reliance Global establishes digital asset treasury strategy, with initial investment of $60 million to purchase BTC, ETH, etc.
Nasdaq-listed company Reliance Global Group announced that its board of directors has approved a strategic expansion into the digital asset and blockchain fields, and is establishing a digital asset treasury that includes portfolios of BTC, ETH, and SOL. The company plans to purchase up to $60 million worth of digital assets in the first phase, followed by another $60 million, totaling up to $120 million. These assets will be managed by its newly formed cryptocurrency advisory committee. -
Ethereum Foundation establishes artificial intelligence team "dAI" and starts recruiting
Ethereum Foundation has established an artificial intelligence team "dAI", led by Davide Crapis, aiming to collaborate with Silicon Valley giants and cryptocurrency developers to build Ethereum as the foundational layer of the artificial intelligence ecosystem. The team will initially have two additional full-time positions, and the Ethereum Foundation is currently recruiting. It is reported that in the short term, the team will focus on implementing proposals such as ERC-8004, which will create a standard for AI agents to seamlessly discover, verify, and transact throughout the Ethereum ecosystem. -
Financial Times: Trump says Washington and Beijing have reached an agreement on the future of TikTok
according to the Financial Times, US President Donald Trump stated that Washington and Beijing have reached an agreement on the future of TikTok. -
The first #Bitcoin whitepaper draft written by Satoshi Nakamoto 16 years ago.
Title: Electronic Cash Without a Trusted Third Party
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