Planet Daily｜ME Token Economics Announced; MicroStrategy Purchases Another 51,780 BTC (November 19)

Titulares

ME Token Economics Announcement: Total Supply 1 Billion, TGE Initial Claims 12.5%

The ME Foundation announced the ME token economics, with a total supply of 1 billion tokens. The token distribution will be released within 4 years, of which more than half will be allocated to the community. Among them, TGE initial ME claims accounted for 12.5%, the community and ecology accounted for 37.7%, contributors accounted for 26.2%, and strategic participants accounted for 23.6%. ME will be distributed within 4 years, by which time all ME will be fully circulated, and most of it will be allocated to the community.

MicroStrategy purchased another 51,780 BTC, and currently holds 331,200 BTC

According to Michael Saylors announcement on the X platform, MicroStrategy used the proceeds from the stock sale to purchase another 51,780 BTC, worth about $4.6 billion, at an average price of $88,627. As of November 17, MicroStrategys Bitcoin holdings reached 331,200 , worth about $16.5 billion.

Musk: Still holding a lot of Dogecoin, SpaceX still holds Bitcoin

Dogecoin UI designer DogeDesigner shared an audio clip of Musk on the X platform, in which Musk said, I still hold a lot of Dogecoin, and SpaceX still holds Bitcoin. It should be noted that DogeDesigner did not specify the time when Musk made this statement.

Binance Pool Launches Fractal Bitcoin (FB) Merged Mining

According to the official announcement, Binance Pool has officially launched the FractalBitcoin (FB) merged mining service. Users can start mining Bitcoin (BTC) and get FractalBitcoin (FB) rewards on November 18, 2024. FractalBitcoin (FB) is not currently listed on Binance.com, and Binance Pools FB mining service does not guarantee FB comercio on Binance.com.

Noticias de la Industria

Heather Morgan, money launderer in Bitfinex hack, sentenced to 18 months in prison

Washington, D.C. District Court Judge Colleen Kollar-Kotelly sentenced Heather Morgan (rapper “Razzlekhan”), one of the suspects in the Bitfinex hack, to 18 months in prison at a hearing on November 18. In August 2023, Morgan pleaded guilty to conspiracy to launder money and racketeering charges. She was the wife and accomplice of Ilya Lichtenstein, the hacker who stole 120,000 Bitcoins from the criptocurrency exchange Bitfinex in 2016 and laundered the proceeds.

BIT Mining agrees to pay $10 million fine, including $4 million to SEC, for bribing Japanese officials

The U.S. SEC said on Monday that crypto mining company BIT Mining Ltd. (formerly 500.com Limited) agreed to pay a $4 million fine to resolve the agencys allegations of bribing Japanese officials. The SEC pointed out that BIT Mining paid $2.5 million in cash bribes and gifts to Japanese parliamentarians and others between 2017 and 2019 in an attempt to win a bid to open a casino resort in Japan.

Binance clarifies: The “reward-based” BFUSD asset is not a stablecoin and has not yet been launched

Binance on Monday unveiled an upcoming asset called BFUSD, which some industry insiders said was similar to a high-yield stablecoin (with an annual yield of 19.55%) . Binance later clarified that despite the USD suffix in the name, the asset is not a stablecoin.

Noticias del proyecto

Japanese crypto exchange DMM’s blockchain gaming company to shut down Seamoon Protocol

DMM Crypto, the blockchain gaming and NFT division of Japanese cryptocurrency exchange operator DMM, will shut down its Seamoon Protocol. The company announced that no new services will be added to the ecosystem and the future arrangements of existing services on the platform are under discussion.

Tether announces upcoming investment in Quantoz Payments to launch MiCAR-compliant stablecoin

According to official news, Tether announced that it will invest in Quantoz Payments to launch EURQ and USDQ euro and US dollar electronic currency tokens (EMT) that comply with the MiCAR standard respectively. Tether has not yet disclosed the amount of its investment. Quantoz will use Tethers Hadron asset tokenization platform.

Modular Transaction Protocol Valantis Completes $7.5 Million in Financing, Led by SevenX Ventures and Cyber Fund

Modular trading protocol Valantis announced the completion of a US$7.5 million Pre-Seed + Seed round of financing, led by SevenX Ventures, Cyber Fund and Kraken Ventures, with participation from Semantic Ventures, Figment Capital, Monoceros, Robot Ventures and Credibly Neutral. Angel investors include Anthony Sassano, Sandeep Nailwal, DeWhales Capital, Nathan Worsley (DeFi Cartel), etc.

HopeLend starts the full compensation process, and users need to fill out the claim form within 3 months

HopeLend has officially started the process of fully compensating users who were previously hacked, fulfilling its previous promise to users. Suffering users need to fill out the repayment application form, and HopeLend officials will verify whether the address provided by the user is the Lend protocol debt address. After the verification is completed, the transfer will be made directly without the user having to operate. Compensation will be settled in accordance with the currency standard, and all HOPE native tokens will be converted to BTC/ETH/USDT/USDC according to the original casting ratio, and HOPE native tokens will be converted to the above currencies for payment according to the original casting ratio.

BIO Protocol Roadmap: Launchpad testnet to be launched in Q4 and vBIO to be expanded to Solana

According to the DeSci project BIO Protocol roadmap shared by community user @zacxbt, the next goals include: Q4 2024: Launchpad testnet, vBIO expansion to Solana; Q1 2025: Cohort 2 BioDAO incubation, BIO Protocol Launchpad, BIO token transferability, BIO liquidity pairings; Q2 2025: Cohort 2 community auction, BIO research agents; Q3 2025: launch of new BioDAO.

Personaje*Voz

Analyst: Ethereum establishes a solid demand zone around $3,000, which may support a rebound

According to crypto analyst Ali’s analysis on the X platform, Ethereum has established a solid demand zone in the $3,000 range, with 2.82 million addresses accumulating more than 6.14 million ETH. This key support level may pave the way for ETH to rebound to higher highs.

Bank of America Securities: Nvidias earnings report may determine the success or failure of the US stock market rebound

Strategists at Bank of America Securities expect Nvidia Corp.’s earnings report, to be released on Wednesday, to bring greater volatility than the next nonfarm payrolls, consumer price index or Federal Reserve decision. They urged clients to hedge the potential impact in case the earnings results are disappointing. “The market took a breather last week after the post-election rally, and we believe Nvidia’s earnings report will determine the market’s near-term direction,” the team, including Gonzalo Assis and Quan Oucheng, said in a note to clients on Monday. Bank of America Securities strategists said that when Nvidia is scheduled to release its earnings report on November 20, the implied volatility of the SP 500 index is consistent with Nvidia’s own implied volatility, indicating that the risk posed by the earnings report is higher than the upcoming employment and inflation data or the Federal Reserve meeting. (Jinshi)

Bitfinex Alpha: Market interest in Bitcoin is reaching mainstream asset levels

Bitfinex released a report stating that the Bitcoin market underwent a major shift last week, with prices rising to an all-time high of $93,318 and a market capitalization of $1.8 trillion. BTC has surpassed silver to become the worlds eighth-largest asset by market capitalization. This rise not only represents Bitcoins strongest nine-day gain since January 2021, but is likely the largest short-term capital inflow in any asset class ever. This momentum shows that interest in Bitcoin is reaching levels that are usually only seen in mainstream assets.

Bloomberg analyst: Ethereum ETF has emerged from the abyss of capital outflow after Trumps victory

Eric Balchunas, senior ETF analyst at Bloomberg, wrote on the X platform that after Trumps victory, the Ethereum ETF has emerged from the abyss of capital outflows and finally ushered in fresh air and net inflows. According to the Bloomberg Intelligence data he displayed, the cumulative capital flow of the Ethereum ETF has turned positive.

TD Securities: Market pricing in the Feds long-term policy will moderate

Analysts at TD Securities said the fate of global interest rate markets will ultimately depend on the Federal Reserve. TD Securities expects the Fed to cut interest rates further, which means that U.S. Treasury yields and other bond yields will fall. They said in a report: We expect that as the easing cycle progresses, pricing in the Feds long-term policy will ease, and the impact of falling Treasury yields will also be transmitted to other developed market bond markets. (Jinshi)

Vitalik: Hope to see more EVM Rollups to improve data efficiency

Ethereum co-founder Vitalik Buterin wrote on X Platform that part of L2 expansion is Ethereum increasing its blob capacity, and the other part is Rollups becoming more data efficient. I am glad to see Starknet rise to the challenge, and hope to see more EVM Rollups that can improve data efficiency.

This article is sourced from the internet: Planet Daily｜ME Simbólico Economics Announced; MicroStrategy Purchases Another 51,780 BTC (November 19)

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