EddieJayonCrypto

 25 Nov 24

tl;dr

• China discovers $83 billion gold reserve: Newly discovered gold in Shandong province will increase global supply by 5%, potentially impacting precious metal markets and inflation hedges.• Michael Saylor hints at expanding MicroStrategy's Bitcoin holdings: The company may increase its 331,200 BTC r...

• China discovers $83 billion gold reserve: Newly discovered gold in Shandong province will increase global supply by 5%, potentially impacting precious metal markets and inflation hedges.
• Michael Saylor hints at expanding MicroStrategy's Bitcoin holdings: The company may increase its 331,200 BTC reserves, signaling ongoing confidence in Bitcoin's long-term potential.
• Cantor Fitzgerald launches $2 billion Bitcoin lending program via Tether: The financial services giant plans to provide liquidity to institutional investors, leveraging Tether’s platform.
• Biometric digital IDs planned for seamless travel: New initiatives will integrate blockchain and biometrics to enhance global travel efficiency and security.
• Four major factors to watch in crypto markets: Key influences include the expiration of $3.4 billion in crypto options, Bitcoin's push past $100,000, macroeconomic data, and regulatory updates.
• Pump Fun criticized for harmful livestream content: The meme coin project faces backlash for hosting a controversial livestream, raising questions about community ethics.
• Ripple CLO hints at potential SEC settlement: Ripple’s legal team signals optimism as the ongoing lawsuit appears closer to resolution, boosting XRP investor sentiment.
• Sky Mavis reduces workforce by 21%: The Axie Infinity creator cites operational restructuring to focus on growth and sustainability amid a challenging gaming market.
• Metaverse mania drives MANA price surge: Decentraland's token sees a 38% weekly increase, fueled by renewed interest in virtual worlds and NFT integrations.
• Coinbase partners with LA Clippers for crypto promotion: The deal includes crypto education initiatives and fan engagement programs, leveraging Coinbase’s platform.

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