🔔 MARKET MOVING NEWS! (17/12/24)
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MicroStrategy Acquires Another 15,350 BTC For $1.5 Billion 💸
According to a recent 8-K filing with the Securities and Exchange Commission, business intelligence firm MicroStrategy acquired an additional 15,350 BTC for approximately $1.5 billion at an average price of $100,386 per BTC between Dec. 9 and Dec. 15. The recent acquisition follows the sale of a further 3,884,712 MicroStrategy shares during the same period for the same amount. The recent BTC purchase brings MicroStrategy’s total holdings to 439,000 BTC (worth over $45 billion) and its average price of total holdings to $61,725 per BTC.
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Binance Faces Cease-and-Desist Over Its Listing of PNUT Meme Coin ❓
Mark Longo, the caretaker of the late internet-famous Peanut the Squirrel, has reportedly issued a cease-and-desist letter to cryptocurrency exchange Binance over its listing of the PNUT meme coin. Longo accused Binance of trademark infringement concerning its listing and promotion of the PNUT-themed memecoin. In his complaint, Longo noted he has been using the PNUT brand for educational and animal welfare initiatives since 2017. The cease-and-desist demands Binance immediately stop using the PNUT marks and mascot likeness, with any failure to do so potentially resulting in legal action, including penalties of up to $150,000 per infringement.
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Kraken And BitGo Will Help Distribute The First FTX Payments In 2025 🔍
In a Dec. 16 notice, FTX announced that its reorganisation plan will take effect on Jan. 3, 2025. This will see customers affected by FTX's collapse receiving bankruptcy distributions through Kraken and BitGo. FTX stated that the "initial distribution" is expected to happen within 60 days of the effective date. It also stated that other groups of customers expecting repayments “will be announced in due course.”
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NFT Collection CyberKongz Says It Has Received A Wells Notice From SEC ‼️
CyberKongz, a popular gaming-focused NFT collection, has reportedly been issued a Wells Notice by the U.S. Securities and Exchange Commission. For context, a Wells Notice is a form of communication from SEC staff that lets a firm know that the agency's staff may recommend an enforcement action against them. The NFT collection said the SEC's enforcement team brought up a "very concerning rhetoric that you can not have a token (ERC-20) in tandem with a blockchain game without registering it as a security."
CyberKongz stated,
It has become increasingly apparent that the current administration is trying to force their anti-crypto agenda at the last minute. We hope that the new administration puts an end to this unjustness on our industry, but until then we will fight for NFT projects on all chains.
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LastPass Threat Actor Steals $5.4M From Victims Just A Week Before Xmas 🥶
According to onchain sleuth ZachXBT, an estimated $5.36 million in crypto was stolen from over 40 wallet addresses in the latest exploit from attackers identified as the “LastPass threat actor.” ZachXBT noted that the hackers converted the stolen funds to ETH and transferred them to various instant exchanges. The security breach is said to have originated from the 2022 hacking incidents in the password manager service LastPass.
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Team Behind Blockchain-Powered AI16z Bot Partners With Stanford To Study Autonomous Crypto-AI Agents 🤝
Eliza Labs, the team behind the ai16z AI agent, is reportedly partnering with Stanford University to study how autonomous AI bots will integrate with the wider digital asset economy. The research will begin early next year at Stanford’s existing Future of Digital Currency Initiative and will use Eliza Labs’ open-source AI agent framework, dubbed Eliza, to “tackle fundamental questions about how AI agents can establish trust, coordinate actions, and make decisions within decentralised financial systems.”
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