Michael Saylor Clarifies Strategy's Plan to Sell Bitcoin for Dividends

Stablecoins have seen a significant rise in transaction volume, reaching over $4 trillion, accounting for 30% of all crypto transactions. Leading stablecoins have increased their market share by 52% compared to the previous year, with Tether and Circle controlling 93% of the market.

Kadena's KDA token is being delisted from major exchanges as the company behind the blockchain is shutting down, leading to a significant drop in token price. Despite this, the Kadena blockchain will continue operating independently through decentralized proof-of-work mining.

FalconX has agreed to acquire 21Shares, a crypto asset manager known for listing 50 ETPs in Europe. The acquisition will enable FalconX to venture into issuing crypto ETFs, expanding its services beyond market making and liquidity. 21Shares has been a key player in the European market for ETPs.

Pro-crypto U.S. Senator Cynthia Lummis (R-WY) is demanding immediate action to prevent large banks from blocking Americans' access to digital asset platforms. The open banking rule, finalized in 2024, enables users to connect traditional bank accounts to digital asset exchanges, crucial for crypto adoption. Lummis wrote to Acting CFPB Director Russ Vought that, "Throwing up barriers would drive entrepreneurs overseas and weaken America's leadership in financial technology."

Joshua Paul Armbrust, a former engineer at Digital River, was sentenced to three years of probation for illegally mining cryptocurrency using the company's cloud servers. Armbrust accessed the Amazon Web Services account without authorization, generating over $5,800 worth of Ethereum for personal use.

Bitcoin's recovery lags, with altcoins in the red, raising doubts about the end of the seasonally bullish October. The market saw a bullish wave in early October, but macroeconomic pressure and the U.S.-China trade war triggered a selloff.

The Slerf meme coin dev accidentally burned $10 million last year, refunded pre-sale participants 19 months later, and saw the token's market cap soar to $740 million. The refund process took over a year, funded by donations and trading fees.

Bitcoin can be a store of value or medium of exchange, depending on how we build for it. Taproot Assets enables the transfer of assets to Bitcoin infrastructure on the Lightning Network, focusing on utility and adoption.

Citi has given Strategy stock a "buy" rating with a price target of $485, linking it to Bitcoin's potential momentum. The stock, trading as MSTR on Nasdaq, has a NAV premium tied to Bitcoin's performance, making it a leveraged proxy for the cryptocurrency.

Ethereum saw gains as gold prices plummeted, signaling a shift in investor risk appetite. The rise in crypto prices coincided with a significant drop in gold value, the largest in over a decade. Bitcoin and Ethereum prices surged as gold prices dropped, reflecting changing investor preferences