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David

@dburgos777

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In a nutshell: Michael Saylor refuses to publish on-chain proof of reserves. Michael Saylor, head of MicroStrategy (NASDAQ: MSTR), has made it clear that publishing on-chain proof of reserves isn't for them. According to him, it's like posting your children's bank details online: zero security and a treat for hackers and trolls. And on top of that, it doesn't show debts, which are the other half of the financial picture. Instead of displaying public wallets, Saylor advocates for serious audits: Big Four, verification of assets and liabilities, with no strange rehypothecation or hidden obligations. "What's valuable isn't a wallet with a balance; it's a 10-K report signed by your CFO, CEO, and the entire board under U.S. law," he stated in his usual epic tone. For institutional investors, that's gold. The other stuff is pure crypto theater. Oh, and he didn't leave without opening his wallet: MicroStrategy bought another 4,020 bitcoins for $427.1 million (at $106,237 per bitcoin).
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WATCH OUT SOLANA In a nutshell: Solana invests in R3 and will connect its private network with the blockchain to tokenize stocks and bonds. You'll read this in 30 seconds. The bigwigs of finance are jumping from Excel to the blockchain... and they're doing it Solana (SOL) style. R3, the British software company working with giants like HSBC, Bank of America (NYSE: BAC), and Euroclear, has partnered with the Solana Foundation to tokenize assets such as bonds and stocks, leaving behind last century's ledgers. The deal includes an investment (a top-secret figure) from Solana in R3 and a new board appointment: Lily Liu, president of the foundation. With about $10 billion in tokenized assets, R3 will connect its private Corda network directly to Solana, allowing clients to choose between maintaining privacy or diving into the public blockchain pool.
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