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$1,789.34 -1.59647
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BNB
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$600.82 0.23024
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$145.02 -1.13777
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$0.0000126 -1.6249
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dogwifhat
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Bitcoin
Bitcoin (BTC)
$95,093.00 0.52825
Bitcoin price
Ethereum
Ethereum (ETH)
$1,789.34 -1.59647
Ethereum price
BNB
BNB (BNB)
$600.82 0.23024
BNB price
Solana
Solana (SOL)
$145.02 -1.13777
Solana price
XRP
XRP (XRP)
$2.14 -0.47706
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000126 -1.6249
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000079 -0.7305
Pepe price
Bonk
Bonk (BONK)
$0.0000167 -2.89429
Bonk price
dogwifhat
dogwifhat (WIF)
$0.544973 -0.95772
dogwifhat price
Popcat
Popcat (POPCAT)
$0.390282 3.91895
Popcat price
Bitcoin
Bitcoin (BTC)
$95,093.00 0.52825
Bitcoin price
Ethereum
Ethereum (ETH)
$1,789.34 -1.59647
Ethereum price
BNB
BNB (BNB)
$600.82 0.23024
BNB price
Solana
Solana (SOL)
$145.02 -1.13777
Solana price
XRP
XRP (XRP)
$2.14 -0.47706
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000126 -1.6249
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000079 -0.7305
Pepe price
Bonk
Bonk (BONK)
$0.0000167 -2.89429
Bonk price
dogwifhat
dogwifhat (WIF)
$0.544973 -0.95772
dogwifhat price
Popcat
Popcat (POPCAT)
$0.390282 3.91895
Popcat price
Bitcoin
Bitcoin (BTC)
$95,093.00 0.52825
Bitcoin price
Ethereum
Ethereum (ETH)
$1,789.34 -1.59647
Ethereum price
BNB
BNB (BNB)
$600.82 0.23024
BNB price
Solana
Solana (SOL)
$145.02 -1.13777
Solana price
XRP
XRP (XRP)
$2.14 -0.47706
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000126 -1.6249
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000079 -0.7305
Pepe price
Bonk
Bonk (BONK)
$0.0000167 -2.89429
Bonk price
dogwifhat
dogwifhat (WIF)
$0.544973 -0.95772
dogwifhat price
Popcat
Popcat (POPCAT)
$0.390282 3.91895
Popcat price

Bitcoin ETFs hit $50b milestone, MicroStrategy expands holdings, Avalanche raises $250m | Weekly Recap

Anthony Patrick
Edited by
News
Bitcoin ETFs hit $50b milestone, MicroStrategy expands holdings, Avalanche raises $250m | Weekly Recap

Bitcoin institutional adoption surges, MicroStrategy makes another massive BTC purchase, and Avalanche secures major funding in today’s edition of the weekly recap.

U.S. Bitcoin ETFs breach $50.5 billion

  • Spot Bitcoin (BTC) ETFs in the U.S. have accumulated over 500,000 BTC in their first year since launch. The cumulative net inflows have reached $50.5 billion.
  • Meanwhile, MicroStrategy added another 21,550 BTC worth $2.1 billion to its holdings at an average price of $98,782. This brings its total Bitcoin treasury to 423,650 BTC.

MicroStrategy joins Nasdaq-100

  • MicroStrategy will be included in the Nasdaq-100 index starting Dec. 23, following a year that saw its stock value increase more than sixfold. The Nasdaq-100 index is up 29.4% in 2024.
  • The company’s performance and continued BTC accumulation strategy have cemented its position as the world’s largest corporate BTC holder.

BiT Global takes legal action

  • Justin Sun-backed BiT Global filed a $1 billion lawsuit against Coinbase. The company alleged the exchange unfairly delisted its WBTC product in favor of Coinbase’s own cbBTC token.
  • Riot Platforms expanded its Bitcoin mining operations. The company purchased 5,117 BTC for $510 million following its $525 million convertible note offering, which was upsized by an additional $75 million.

Avalanche secures major funding

  • Avalanche (AVAX) raised $250 million from over 40 investment ventures led by Dragonfly, ParaFi Capital, and Galaxy Digital to support its “Avalanche9000” upgrade initiative.
  • The funding will be used to develop technology aimed at reducing transaction costs and attracting more network validators.

Ripple’s stablecoin breakthrough

  • Ripple received final approval from the New York Department of Financial Services to launch its RLUSD stablecoin, targeting the $200 billion global liquidity market.
  • CEO Brad Garlinghouse emphasized that official RLUSD launch announcements would come directly from Ripple, warning users about potential scams.

Microsoft rejects Bitcoin treasury proposal

  • Microsoft shareholders voted against adding Bitcoin to the company’s treasury holdings on Dec. 10, following the board’s recommendation to reject the National Center for Public Policy Research’s proposal.