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According to CoinDesk, MicroStrategy plans to raise funds through the issuance of $2 billion in perpetual preferred stock, with specific terms expected to be announced in the first quarter of 2025. Permanent preferred stock has no fixed maturity date, and shareholders can receive fixed dividends but no voting rights. Benchmark maintains a buy rating on MSTR with a target price of $650. As of now, MicroStrategy holds 450000 bitcoins. The company expects to vote at the special shareholders' meeting on January 21st to increase the authorized number of preferred and common shares.
[Binance Obtains Full ADGM License, Transitioning to Three-Entity Structure Starting 2026] Binance has announced that it has obtained full regulatory approval from Abu Dhabi Global Market (ADGM), allowing its global platform to operate under the ADGM framework. Starting January 6, 2026, Binance's services will be handled by three ADGM-licensed entities, covering functions such as trading, clearing custody, and over-the-counter (OTC) transactions. In line with the structural adjustment, Binance will update its user agreement on January 5, 2026, with users' existing rights and obligations transferred to the corresponding entities. UID, balances, and order records will remain unchanged.
[CZ States Twitter is Basically Personally Operated, Binance Responds to Meme Coin Insider Trading Allegations] In response to community inquiries about Twitter account management, CZ stated that assistants have access but rarely post, and tweets are basically all personally posted by CZ. Additionally, regarding community allegations that Binance official Twitter staff or insiders may have issued themed Meme coins before official promotion, Binance Customer Support responded that an internal review is underway, with zero tolerance for corruption. Results will be reported once confirmed.
Grayscale analyst: Bitt Grayscale: Bitsensor's halving event next week is expected to push up TAO prices Odaily Planet Daily News: Grayscale research analyst Will Ogden Moore stated in a report that the decentralized, AI focused network Bittensor is about to experience its first halving event on December 14th, marking the end of its first four-year cycle. This critical event will halve the daily issuance of its native token TAO from 7200 to 3600. Bittensor, as an open network that combines AI and encryption technology, allows users to freely contribute intelligence to improve AI systems. The network has multiple subnets, each dedicated to a specific AI task, and allocates TAO as incentives based on user input utility. At present, there are 129 active subnets providing various AI driven services including computing, data storage, AI agents, and deep forgery detection. Moore pointed out that Bittensor's halving event aims to increase the scarcity of TAO by reducing the token issuance allocated to network participants. He said, "The history of Bitcoin shows that although rewards are reduced, supply reduction can enhance network value, as its network security and market value are strengthened through four consecutive halvings. Similarly, Bittensor's first halving marks a key milestone in the network's maturation process, moving it towards the supply ceiling of 21 million tokens. ”Moore stated that Bittensor is currently experiencing strong user adoption and rising institutional interest. He mentioned that the Dynamic TAO (dTAO) launched in February is a major achievement of Bittensor. This mechanism allows subnets to invest directly, resulting in a sharp increase in the total market value of these subnets. Since the launch of dTAO, institutional investors such as Yuma Asset Management and Stillcore Capital have launched funds investing in Bittensor's top subnet. In addition, three listed companies have established dedicated TAO vaults. Among them, the leading company TAO Synergies currently holds the token worth approximately $12 million. Moore wrote in the report: "The early success of certain subnet applications and the increase in institutional capital in the Bittensor ecosystem, combined with the upcoming halving of TAO supply, may, in our view, serve as a positive catalyst for price increases. ”According to The Block's cryptocurrency price page, TAO has risen by 0.5% in the past 24 hours, trading at $282.31, and has fallen by 28.4% in the past month. (The Block) Previous news: Bittensor will experience its first halving on December 14th, and the daily issuance of TAO will be reduced to 3600 units
[Grayscale Analyst Expects Bittensor's First Halving and Increased Institutional Capital to Drive TAO Price Higher] Grayscale Research Analyst Will Ogden Moore pointed out that, based on Bitcoin's historical trends, a reduction in supply can enhance network value. Bittensor's first halving marks a significant milestone toward its 21 million token supply cap. Moore believes the network is experiencing strong adoption momentum and rising institutional interest, with the dTAO mechanism driving substantial expansion in the total market value of subnets. He stated that the success of subnet applications, increased institutional capital, and the upcoming supply halving could serve as positive catalysts for price growth. Bittensor's first halving is scheduled for December 14, at which point TAO's daily issuance will decrease to 3,600 tokens.
[JPMorgan Chase CEO Denies Suspending Banking Services Based on Customers' Religious Beliefs or Political Affiliations] According to a report by Golden Finance, JPMorgan Chase CEO Jamie Dimon denied ever suspending banking services for customers based on their religious beliefs or political affiliations. He stated that he has been committed to advocating for changes to rules related to 'account deactivation' for over a decade. In an interview on Fox News Channel's 'Sunday Morning Futures' program on Sunday, Dimon said that his bank has indeed terminated services for individuals across various industries, but political affiliations have never been a factor in such decisions. Devin Nunes, Chairman of the Presidential Intelligence Advisory Board and CEO of Trump Media Group, accused JPMorgan Chase of suspending banking services for the company. Additionally, as part of an investigation, Special Counsel Jack Smith has subpoenaed the banking records of over 400 individuals and organizations associated with Trump, including Trump Media Group. Jack Mallers, CEO of Bitcoin Lightning Network payment company Strike, also alleged that JPMorgan Chase closed his personal account last month without providing any explanation, sparking market concerns over 'Operation Chokepoint 2.0.'