EddieJayonCrypto

 31 Oct 24

tl;dr

• MicroStrategy's $42 billion Bitcoin plan sparks a 9% stock drop, following disappointing Q3 results with a net loss of $340 million. CEO Phong Le aims to transform the company into a “Bitcoin bank,” increasing its BTC holdings, now worth $18.1 billion.• U.S. Treasury calls for a state-backed CBDC ...

• MicroStrategy's $42 billion Bitcoin plan sparks a 9% stock drop, following disappointing Q3 results with a net loss of $340 million. CEO Phong Le aims to transform the company into a “Bitcoin bank,” increasing its BTC holdings, now worth $18.1 billion.
• U.S. Treasury calls for a state-backed CBDC to replace private stablecoins, citing stablecoins' influence in U.S. Treasuries and associated risks. The report stirs political debate, with resistance from Republican lawmakers and Donald Trump planning his own stablecoin.
• A Python-based trading bot disguised as an AI crypto tool has targeted traders on GitHub and PyPi, using malware to steal identities, data, and assets.
• A security breach exploiting the Lottie Player animation library has affected 1inch and other platforms, potentially leading to unauthorized wallet transactions; 10 BTC through a phishing attack.
• Grayscale has applied to the SEC to convert its Digital Large Cap Fund (GDLC) into a multi-asset crypto ETF, sparking optimism as election results may influence ETF approvals.
• TRON's Justin Sun announced a partnership with Chainlink to use its data feeds as TRON’s official oracle, enhancing DeFi security for TRON’s $60 billion ecosystem.

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