Author: Sahil Poudel

Meme Coins Push Solana to Record Revenue Heights

Summary: Meme coins are infamous for their sudden popularity and drastic fall in short period of time. However, this time the craziness for meme coin has pushed Solana to a new all time high in fees and revenue. The blockchain managed to surpass one of the crypto giants Ethereum in daily feels and set new records.

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Meme Coins Fuel Solana’s Boom

According to Defi Llama, Solana earned $11.8 million in daily fees, more than Ethereum did ($6.32). Due in large part to the meme coin craze, the network also generated a record $5.9 million in revenue each day. Sites such as Pump.fun, a meme coin launchpad based in Solana, made a substantial contribution and made $2.4 million in a single day.

Raydium Takes the Lead

Raydium, Solana’s top decentralized exchange, played a pivotal role by generating over $1 million in daily revenue. Its low fees and high activity reflect the growing appeal of Solana’s DeFi ecosystem, which now boasts a total value locked (TVL) of $8.35 billion.

Solana Nears ATH Amid Rally

SOL’s market capitalization has increased by 295% in the last year, to $113 billion, which is getting closer to USDT’s $128.8 billion. As evidence of its tenacity and development potential, Solana is just 8.7% away from its all-time high of $260, despite a minor decline to $238.

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Michael Saylor to Pitch Bitcoin Investment to Microsoft Board

Summary: Michael Saylor has been advocating real hard for the usage of Bitcoin, and now he’s set to give a three minute presentation pitch to Microsoft board as to why they should also invest in Bitcoin. Saylor isn’t any ordinary man as he’s an executive chairman of MicroStrategy company and believes that Microsoft’s investment strategy might have a ripple effect on the broader market.

Saylor’s Three-Minute Bitcoin Pitch

Michael Saylor announced on VanEck’s X spaces that he will be presenting a very brief but strong and impactful pitch to Microsoft’s board of directors. He believes he might be able to sway them and aims to convince them as much as possible to allocate funds to Bitcoin as Microsoft is a tech giant and has over $78 billion in cash reserves.

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The Impact on Microsoft and the Market

Microsoft being a technical giant as mentioned before has only invested on companies like OpenAI but has yet to invest anything on crypto or crypto related projects. Microsoft has the potential to be a major corporate Bitcoin adopter if Michael manages to persuade them, which might start a potential larger institutional interest in the cryptocurrency.

A Track Record of Success

Saylor in his announcement highlighted that MicroStrategy’s growth as a pioneer in Bitcoin adoption. The shares of said companies have surged as high as 2,735% over five years, this success story in itself proves Bitcoin’s potential as a strategic asset.

Ethereum Eyes $10K Despite Recent Sell-Off

Summary: Ethereum hasn’t had a great couple weeks as it’s price faced a pullback, dropping to $3,058 in the mist of a big whale sell-offs and ETF outflows. Analyst knowing this downfall of ETH still predicts a long-term rally with bullish technical indicators, they suggest a potential rise to $10,000.

Whale Activity Triggers Price Dip

Ethereum has fallen down and has fallen so deep that it’s fallen by 11% from its monthly high with whales transferring and selling over $300 million worth of ETH to exchanges, signaling a very dangerous and potential sell-offs. A major transaction that put pressure on the cryptocurrency’s value is 50,000 ETH moved to Kraken.

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DEX and ETF Challenges

Ethereum which has second highest valuation suffered from a underperformance in decentralization exchanges (DEX) volumes, while trailing other infamous networks like Solana and Base. Not only that but spot ETFs also saw 2 consecutive days of outflow with a total amount of $59.8 million which seems incomparable to Bitcoin which had a massive, extraordinary, huge inflow of $27 billion.

Bullish Signals on the Horizon

Despite all these negative aura surrounding Ethereum, analysts remain super hopeful that this is just a calm before the storm and predict a potential bullish run for its long-term target of $10,000.

UN Launches Blockchain Academy for Global Staff Training

Summary: Everybody on this day and age are starting to understand the importance of Blockchain, United Nations isn’t any different as they’re planning on expanding its blockchain academy to upskill over 24,000 staff worldwide. They’re not doing this alone as this work is being continued as a partnership with the Algorand Foundation. The program aims to leverage blockchain technology for sustainable and equitable development.

Global Upskilling Effort

The United Nations Development Programme (UNDP) announced an ambitious and very progressive initiative to train a whopping 24,000 personnel in the latest technology called as blockchain technology. UN aims to equip their staff with the skills necessary to apply blockchain in real-world scenarios and projects which they believe will drastically enhance transparency and efficiency. This development is being conducted in collaboration with Algorand Foundation.

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Blockchain in Action

The blockchain academy launched in late 2023 initially only managed to train and certified only 30 personnel and had introduced 18 hours of allocated time for training. Now, its has seen a drastic and progressive expansion in its curriculum and is accessible to staff across multiple UN bodies. This course isn’t just for UN employees but also for UN Volunteers and the United Nations Capital Development Fund. Till now UN has only used blockchain to track cocoa supply chains and facilitate digital impact investments, hopefully we see more and social use of blockchain from the UN.

Pioneering with a Sustainable Future

This initiative by a global organization like UN puts and adds more and brings these stuffs in spotlight like the Guardian platform, launched with the HBAR Foundation for carbon market verification. Doro Unger-Lee of the Algorand Foundation said blockchain’s transparency and efficiency are key to driving impactful sustainable development programs.

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Bitfinex Hacker Razzlekhan Gets 18 Months in Jail

Summary: Heather “Razzlekhan” Morgan has been sentenced to 18 months in prison for her dirty and notorious role in laundering a massive amount of $10.8 billion from the infamous Bitfinex hack. This is the biggest crypto theft scandal to have ever existed and it’s not finally concluded with Morgan’s partner Ilya Lichtenstein receiving a five-year sentence.

A Crypto Heist Gone Wrong

Morgana and Lichtenstein stole a huge amount of BTC from Bitfinex which counts to 120,000 in 2016. The valuation of said amount of BTC at that time was $17 million but if we calculate it’s value today, BTC was skyrocketed and that amount is valued at $10.8 billion. The couple tried their best to run from the law and authorities but finally got caught up in 2022, which directly led to them pleading guilty for conspiracy and money laundering in 2023.

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The Sentence and Regret

Morgan being speculated as just a helper in the operation received 18-month of prison sentence while her partner whom is believed to be the operation’s mastermind was handed five years which is just fair considering the amount stolen. Morgan very clearly expressed shame and regret that she got involved in this work and claimed that she was only involved in laundering the amount with no clues about the hack. However, the court came to the conclusion that she still played an active role in concealing the fund which is a crime nontheless.

Sophisticated Laundering Tactics

The couple tried to hide their track of money by using crypto mixers, dark web markets and even several gold purchases but in the end authorities got the better of them and the federal investigators took all their ill-gotten assets and stated their story is a cautionary tale about how no amount of on-chain trickery can run away from the justice as the reach of justice is long and it’ll always shine upon every criminal.

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Trump’s Bitcoin Obsession: Is Gold Losing Its Shine?

Summary: Everyone already knows how all around crypto space the thing being talked about the most is our Beloved Bitcoin as it surges to greater and greater heights under a pro-crypto narrative led by Donald Trump. Gold, another highly valued asset is being compared to BTC and it seems to be losing its appeal to Bitcoin. Since the Fed’s polices are getting more and more strict the investor’s primary focus is on Bitcoin with the hopes that it’ll reshape the future of financial assets.

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Gold on the Defensive

It wasn’t all sunshine for Gold as it very recently hit a one-month low of $2,543 following the U.S. inflation report. This decrease in value has raised some eyebrows some of sadness and some of disappointment. Although it managed to get back on it’s feet and recovered slightly, gold’s 30 day decline of 2.6% just perfectly contrasts with sharply increasing Bitcoin’s value.

Bitcoin Hits the Spotlight

Bitcoin smashed and broke all records into pieces with a all time high of around $93,400 in the time where inflation is rising everywhere. People have started calling BTC as the new-age “digital gold” and with this gold’s century-old dominance is being overshadowed by a cryptocurrency. With Donald Trump on the lead, people’s perception has started to change and everyone sees BTC as a new weapon against inflation.

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Gold’s Gilded Era Fading?

It’s not just normal everyday people saying gold might lose it’s charm but experts like Maruf Yusupov says that gold’s allure could fade away as Bitcoin has started to gain mainstream popularity. Not only that but Senator Cynthua Lummi’s also proposed an idea to swap some of the Fed’s gold reserves for Bitcoin further fuel speculation. With this it’s highly believed by analysts hat if U.S. dollar strengthens, the case for traditional hedges like gold might just lose it’s allure.

Semlar Scientific Buys 215 Bitcoin, Raises $21.5M via Equity Offering

Summary: Semlar just few days ago bought some BTC and again it had bought 215 and has expanded its Bitcoin Holdings to 1273 BTC, this astonishing amount is valued at $114M, while it has managed to raus $21.5M thorough equity offering. This move has improved its reserve as BTC trades at $90,400.

Semler Expands Bitcoin Holdings

Semler Scientific is a medical equipment company and has ventured into the crypto space and purchases an additional 215 Bitcoin between a short period of Nov. 6 and Nov, 15 for $17.7M, averaging $82,502 per BTC. This has again drastically increased its total holding to 1,273 BTC, according to recent press release. Since Bitcoin has unreal momentum which is breaking all limit and current trading price of $90,400 gives the company’s holdings a value of $114M.

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Equity Offerings Supports Strategy

Semler raised a high amount of $21.5M through an at-the-market offerings with Cantor Fitzgerald, this could happen because they sold 505,544 shares to fund its Bitcoin purchases and operational goals. The company uses a special metric system widely called BTC yield to track its strategic success and as per the provided data, BTC yield reached 37.3% from July 1 to Nov. 15.

A Strategic Hedge

Semler’s also using the same strategy other companies like MicroStrategy used and it goes hand to hand with its view of BTC as an inflation resilient asset. This company along with several other companies growing crypto treasury shows broader trend amongst corporations and institutions embracing Bitcoin as a reserve asset.

MicroStrategy Hits 331,200 BTC in Holdings with $4.6B Buy

Summary: MicroStrategy didn’t just invest on Bitcoin but now had gone deep into the crypto rabbit hole and bought itself $4.6 Billion worth of BTC making it’s total holding to over 331,200 BTC which is a very very aggressive approach to cryptocurrency by any company.

A Massive BTC Purchase

This move of buying insane amount of BTC was announced on Nov.18, which positions the company as the largest corporate Bitcoin holder globally with some unrealized profits exceeding over $13 billion which is yet another absurd amount. MicroStrategy purchased 51,780 BTC at an average price of $88,627 per coin with total expenditure of $4.6 billion.

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Saylor’s Bold Strategy

Michael Saylor is a madman to some and a Crypto genius to some, he launched his BTC investment strategy in 2020, and ever since the announcement, the strategy has become the central core piece to MicroStrategy economic and financial approach. This company alone has manage to spent a huge amount of $16.5 billion on BTC and still plans to raise $42 billion more for further acquisitions in the next three years.

Industry-Wide Impact

MicroStrategy is now playing a role of a role-model for other companies like Semlar Scientific and AI firm Genius Group, to take and adopt BTC as a treasury asset.

Polish Minister Pledges Bitcoin Reserve for a Crypto-Friendly Future

Summary: We’ve already talked about 2 companies and even states of U.S. moving forward in technology and bringing crypto into their reserves, and now Polish minister Slawonir Mentzen also plans to follow the steps of those pervious cases and plans to establish a Bitcoin reserve and make sure Poland becomes a global Crypto Sensation and leader If he’s elected president in 2025.

Mentzen’s Vision for Poland

Slawomor Mentzen very eagerly and excitedly said how he wants to make Poland a hub for cryptocurrency innovation, backed by friendly policies and infrastructure. His statement regarding bitcoin reserve started as a response to crypto advocacy suggestions and he seems to be fully commited to creating a national Bitcoin reserve which is designed after the Satoshi Action Fund framework.

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A Track Record of Innovation

Mentzen isn’t new to suggesting blockchain’s involvement in governance as he also proposed mining Bitcoin in municipal buildings in his 2018 mayoral campaign. This plan of his was dismissed sadly for all Polish cryto enthusiast but now with Bitcoin nearing $100,000, his forward thinking approach has managed to gain a lot of eyes on him.

Global Implications

This proposal by Mentzen aligns globally with international trend, mostly goes parrel to U.S. President-elect Donald Trump’s promise of a strategic Bitcoin reserve. Experts on this field suggest and believe such move might spark a digital war, as nations race amongst each other to secure BTC as a reserve asset, which sounds like a doubled edge sword.

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Consensys’ Joe Lubin Launches Platform for On-Chain Sovereignty Declarations

Joe Lubin who’s also CEO of Consensys has just introduced a linea-based platform allowing users to declare personal sovereignty on-chain. This man, Lubin and his company knew that this start supports the decentralized government system and personal autonomy by enabling individuals to affirm commitments like data privacy and economic control.

A Platform for On-Chain Sovereignty

Joe Lubin found a way to unveil sovs.xyz on Nov,15 where every second news of crypto is about Bitcoin. This sovs,xyz is a new layer-2 blockchain on Consensys’ Linea. This platform sounds and seems amazing and fantastic as it allows user to make cryptographically-secured declarations of personal sovereignty in wide wide areas such as technological freedom, data privacy and environmental responsibility.

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Advancing Decentralized Digital Life

Lubin very boldly and proudly claims that this projects is a part of ” progressive prudent decentralization” rally. The very essence and existence of is described to be the one which empowers people to claim personal autonomy while also advertising transparency and self-governance.

Toward Network States

This initiative goes hand to hand with Consensys’s objective to establish “network states”. The company defines network states as decentralized communities with their own separate rules and governance which seems enticing at sight but is it any better than current system ? We have yet to know the answer to this.

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