California Judge Puts the Kibosh on Kraken’s Interlocutory Appeal Attempt

According to a report by Jin Shi, US President elect Trump may declare a state of emergency after taking office to combat illegal immigration. Conservative commentator Tom Fitton said in a post that "incoming Trump is preparing to declare a national state of emergency and will use military means to deport illegal immigrants." Trump retweeted and responded on his "Truth Society" platform, "That's right!" Caroline Leavitt, spokesperson for Trump's transition team, said that Trump will mobilize all necessary federal and state powers to carry out the largest deportation operation in American history against "criminals, drug dealers, and human traffickers.

Odaily Planet Daily News: According to official sources, MicroStrategy announced plans to issue $1.75 billion of 0% convertible senior notes due in 2029. MicroStrategy also expects to grant initial buyers of the notes the option to purchase up to $250 million in the total principal amount of the notes within 3 days from the date of initial issuance. This issuance is subject to market and other conditions, and there is no guarantee as to whether, when, or under what conditions the issuance will be completed. MicroStrategy plans to use the net proceeds from this issuance to purchase more Bitcoin and use it for general corporate purposes.

According to GlobeNewswire, Genius Group (NYSE American: GNS) announced that it has completed its first Bitcoin purchase, buying 110 bitcoins for $10 million at an average price of $90932 per coin. This is the first step of the company's "Bitcoin First" strategy, which plans to invest over 90% of existing and future reserves in Bitcoin, with a target total of $120 million. CEO Roger Hamilton stated that the company is following Microstrategy's Bitcoin reserve strategy and plans to provide relevant guidance to businesses through podcasts.

Odaily Planet Daily News: Binance announced on Monday the upcoming launch of an asset called BFUSD, which some industry insiders say is similar to high-yield stablecoins (with an annual yield of 19.55%). Binance subsequently clarified that despite the suffix "USD" in its name, the asset is not a stablecoin. BFUSD has not yet been launched. It should be clarified that it is not a stablecoin, but a reward margin asset used for futures trading, "Binance wrote on X in response to the cryptocurrency news aggregator @ Zoomerfied referring to the token as a" stablecoin ". （The Block）

Odaily Planet Daily News: Two informed sources have revealed that Trump Media is in "deep negotiations" to acquire cryptocurrency trading company Bakkt. After the announcement of this news, the stock prices of both companies quickly rose. Trump Media is majority owned by Trump. The company operates the Truth Social application and trades on NASDAQ under the DJT code, closing up over 16%. Bakkt was created by Intercontinental Exchange, the owner of the New York Stock Exchange, and its stock price has surged over 162% despite multiple trading suspensions due to volatility. Kelly Loeffler, former CEO of Bakkt, is the co chair of Trump's inauguration committee. （FT）