@sundarganeshwarp
Here’s a recap of the top #Crypto events from the past 24 hours:
📊 Updates
MicroStrategy plans to raise $2 billion through preferred stock in Q1 2025 to advance its "21/21 plan" for large-scale Bitcoin acquisitions.
XRP reclaims the 3rd spot in market capitalization, surpassing USDT at $138.98B, driven by ETF speculation and Ripple’s launch of a USD-backed stablecoin.
BlackRock’s spot Bitcoin ETF experiences record daily outflows of $332.6M, with total US spot Bitcoin ETFs reporting $242.3M in net outflows.
🔍 Highlights
Coinbase considers introducing tokenized COIN stock for Base users, pending regulatory approval, as tokenized assets present a $30 trillion market opportunity.
Ethena announces plans to launch iUSDe, a synthetic dollar targeting traditional finance, in Q1 2025, aiming to disrupt fixed-income markets and drive institutional adoption.
Leaked code hints at the imminent launch of X Money, sparking speculation about crypto integration as X secures licenses across 39 states.
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