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According to CryptoSlate, Michael Saylor, founder of MicroStrategy and a prominent Bitcoin supporter, will have three minutes to present his Bitcoin investment strategy to Microsoft’s board of directors next month. The three-minute presentation will focus on why Microsoft should add Bitcoin to its investment strategy. It is also said that Silver’s request to meet separately with Microsoft CEO Satya Nadella about investing in Bitcoin has not yet been granted. Microsoft, with a cash reserve of $78 billion, has not invested in Bitcoin and the company’s board has opposed the proposal to consider Bitcoin as a reserve asset. MicroStrategy is the largest corporate holder of Bitcoin, with more than 330,000 Bitcoins, worth approximately $30 billion.
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Macro guru Raoul Pal says that he’s taking a bet on an altcoin that he thinks could outrun Solana (SOL) in the current crypto market cycle. In a new interview with Kevin Follonier on the When Shift Happens podcast, the former Goldman Sachs executive says that Solana and its ecosystem look extremely healthy, and likely a “relatively safe” place to park capital for the bull run in digital assets. However, Pal says layer-1 blockchain Sui (SUI) is showing signs that it may be ready to outrun SOL. “I’m sure [Solana] will do absolutely fine, I see nothing but success going on in that chain and positive vibes. The question is, is whether the ‘next chosen one’ outperforms it so significantly that you’re forced to take that trade, which is much riskier. So it’s not the bet that I would ask people to do full size.
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Bitcoin's correlation with the Nasdaq index reached its lowest level Bitcoin has risen more than 115% since the beginning of the year to around $92,000. The total market value of digital currencies also set a new record by crossing 3.025 trillion dollars. Bitcoin is known as a risky asset, but its volatility has dropped from over 100% in 2021 to around 60% in the last 30 days. The 30-day correlation between Bitcoin and the Nasdaq index has reached 0.46, which is one of the lowest levels in the last 5 years. Since Donald Trump won the US election, Bitcoin has hit a new record high above $93,000, while the Nasdaq is 4% away from its all-time high. Data from Fidelity shows that Bitcoin has been the best performer relative to its risk, with only a 19% correlation to the S&P500. The correlation between Bitcoin and Ethereum has also reached its lowest level.
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Investor Chris Burniske Explains How Memecoins Will Force Change in Valuation Approach for Other Crypto Projects Venture capitalist Chris Burniske thinks meme tokens have a purpose that will ultimately lead to the development of fundamentally sound crypto projects. Burniske tells his 303,400 followers on the social media platform X that he believes the dominance of memecoins in this market cycle is forcing the hand of other crypto projects to innovate and stand out. According to the crypto veteran, the “forcing function” of memecoins is ultimately a big positive for the digital asset industry. “Meanwhile, to those worried about ‘infrastructure-and-appcoins,’ everything is a pendulum
  Memecoins will force ‘infrastructure-and-appcoins’ to show holders and stakers the revenue, aided by a more favorable regulatory environment. Governance tokens will convert into cash flow tokens.”
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American conservative business news outlet FOX Business confirms that Ripple CEO Brad Garlinghouse had a meeting with U.S. President-Elect Donald Trump.  The business news channel confirmed the development yesterday during an interview with Garlinghouse. Recall that Garlinghouse liked an X post from Zach Rector, suggesting he met with Trump after the election.  Although the Ripple CEO did not specifically confirm the meeting in a statement, his engagement with the post gave XRP enthusiasts the indication that he met with Trump.
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A mysterious Bitcoin (BTC) whale from the Satoshi era has moved again, raising more questions about its dormant intentions. In a single move, the mysterious whale deposited 2,000 BTC from different anonymous addresses into a single Coinbase account. As developed, the whale consolidated 40 addresses holding 50 BTC each from Bitcoin’s mining rewards (coinbase) to make the deposit. These were Pay-to-Public-Key-Hash (P2PKH) addresses, used to make their traceability difficult when deciding to move these funds in the future.
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BlackRock’s Bitcoin ETF has accumulated over $3 billion in assets within five days, bolstered by a recent $230 million inflow on Nov. 13. Farside data shows that from Nov. 07 to Nov. 13, the fund attracted a total of $3.09 billion. Other ETFs also saw significant inflows during this period, with Fidelity’s FBTC gaining $582.8 million and Ark’s ARKB adding $135.3 million. The latest figures highlight a surge in institutional interest in Bitcoin ETFs. On Nov. 13 alone, BlackRock’s ETF saw an inflow of $230.8 million, while Fidelity’s ETF received $186.1 million. Smaller players like Bitwise and VanEck also recorded positive movements, contributing to the overall inflow of $4.1 billion across all tracked ETFs.
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After months of easing, the US Consumer Price Index (CPI) has shown that inflation rose to 2.6% in October 2024. Indeed, the figure is up from September’s 2.4% and shows a rising inflation figure for the United States for the first time in seven months. The Federal Reserve had issued its second consecutive interest rate cut in response to the falling inflation. Although it had yet to reach the 2% target, the progress was optimistic, with the figure cooling steadily for more than two years. Now, all eyes are on how the Fed will respond and what the markets can expect for the next several months.
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Bitcoin exchange-traded funds (ETFs) have attracted $3.4 billion in inflows over the past four days, according to Farside data. Major financial institutions, including BlackRock, Fidelity, and Grayscale, reported significant investments in their Bitcoin ETFs, indicating heightened institutional interest. On Nov. 7, BlackRock’s IBIT ETF saw an inflow of $1.12 billion, marking the largest single-day investment among the ETFs listed. These inflows come in the wake of the US Election, in which Donald Trump’s victory helped push Bitcoin toward $90,000. Fidelity’s FBTC and Bitwise’s BITB also recorded notable inflows since the election of $666 million and $178 million, respectively. Grayscale’s GBTC continued to attract investments, adding $61 million.
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A Solana-based memecoin called "Act I : The AI Prophecy" (ACT) has risen by more than 1,720% after being listed on Binance and Crypto.com. The token was initially issued on Oct. 19 and has been languishing around a $20 million market cap over the weekend. The listing led to an explosion of trading volume with $293 million being recorded on decentralized exchange Raydium and $60 million on Binance, its market cap had increased to $422 million at press time.
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BitMEX founder and crypto industry veteran Arthur Hayes says there’s a massive trade to play as the digital asset market edges higher. In a new interview on the CryptoBanter YouTube Channel, Hayes says that the crypto bull market started in March of 2023 when the Federal Reserve printed trillions of dollars to support the struggling US banking sector. Hayes refers to the move as a “stealth” printing of money that ultimately triggered Bitcoin’s (BTC) move into a new bull market. “Every bull market feels good in the beginning and then it gets overextended and then we fall. We’ve started the bull market. We started in March 2023 when the Fed stealth printed $4 trillion, Bitcoin went from $20,000 to $74,000 and now we have the president and all of his people lined up saying ‘We are going to print as much money as possible to try to undo 30 years of Chinafication of global manufacturing,’ and so that is a massive trade.
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A widely followed crypto trader says that one catalyst could cause Ethereum (ETH) to spark a rally that sees it rise by nearly 70%. In a new video update, Guy Turner, the host of CoinBureau, tells his 2.53 million YouTube subscribers that the second-largest digital asset by market cap could regain its all-time high (ATH) in 2025 once it receives the Pectra upgrade. Some of the key changes include being able to pay Ethereum gas fees using any digital asset, bigger rewards for larger validators, and improvements to the Ethereum Virtual Machine (EVM), which runs smart contracts.
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Ethereum ecosystem treasuries top $22 billion, with resources poised to support network’s future growth Beyond EF’s holdings, Ethereum’s ecosystem benefits from over $22 billion in combined treasury assets held by various foundations, organizations, and DAOs. The treasuries primarily comprise the native tokens of crypto projects like dYdX, Aave, Polygon, The Graph, Optimism, Uniswap, Mantle, Arbitrum, Lido, Gnosis, and the Ethereum Name Service. The report emphasizes that even a small allocation from these treasuries would provide significant resources to sustain and grow the Ethereum ecosystem over the long term.
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Major asset management firms reported significant inflows in their Bitcoin ETFs following Donald Trump’s victory in the 2024 US presidential election. On Nov. 6, Fidelity’s FBTC saw an inflow of $308.8 million, while BlackRock’s IBIT experienced an outflow of $69.1 million. Grayscale’s GBTC and BTC recorded an inflow of $30.9 million and $108 million, respectively, reversing previous outflows. Bitcoin’s price surged to a new all-time high of $76,400, breaking its previous record twice since the election. This price increase coincided with the substantial ETF inflows, suggesting renewed institutional interest. Ark’s ARKB reported an inflow of $127 million, and Bitwise’s BITB gained $100.9 million on the same day.
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Polymarket, Prediction Betting Markets Vindicated by Trump's Strong Showing Tuesday night's election returns were a shocker if you only watched CNN. But not if you'd looked at the betting all along. Polymarket founder Shayne Coplan and the market niche he took mainstream in 2024 can take a victory lap. Along with Donald Trump, the Republican Party, and the cryptocurrency industry, prediction markets are a clear winner of the U.S. election. The GOP's surprisingly strong showing Tuesday night came as a shock to those who only got their information from mainstream media, pollsters and pundits.
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First UK Pension Fund Invests in Bitcoin British pension specialist Cartwright is urging institutional investors to allocate assets into bitcoin (BTC) and has successfully guided the country’s first pension fund to make an allocation into the token, industry magazine Corporate Advisor reported. The unnamed fund last month allocated 3% of its £50 million ($65 million) into bitcoin following “lengthy consultations with the scheme’s trustees, where ESG, investment case and security were all addressed at length,” Glenn Cameron, head of digital assets at Cartwright told Corporate Advisor. This investment is particularly notable as the pension fund actually is investing in the crypto itself, rather than, for instance, a proxy such as an ETF. The private key is split between five independent institutions, according to the report.
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The Presidential Battle The highly anticipated presidential elections in the United States (November 5) seem to have already caused enhanced volatility in the meme coin niche. Some of the most affected tokens include those related to the two main candidates, Donald Trump and Kamal Harris.  MAGA (TRUMP) is up 17% daily, while MAGA Hat (MAGA), Super Trump (STRUMP), and TRUMP 47 (47) have charted even more impressive spikes.
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Economist Alex KrĂŒger is revealing his scenarios for Bitcoin (BTC) during election night in the US, saying that a fast move could be coming for crypto markets. The trader tells his 185,000 followers on the social media platform X that in the event of a Trump victory on election night, Bitcoin could “shoot straight up” immediately after. If Kamala Harris comes out on top, KrĂŒger says that Bitcoin will likely correct, but only temporarily before a move upward. “Simple elections framework for Bitcoin Trump win: BTC $90,000 by year-end, probability 55%. Harris win: BTC $65,000 by year-end, probability 45%. Weighted average: $79,000.
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November has arrived, and Ripple has shocked the market, preparing what could be its largest monthly dump in seven years. The company, XRP Ledger (XRP)’s core developer and largest holder, reserved 470 million XRP to sell, worth $240 million. Every month since 2017, Ripple unlocks 1 billion XRP and reserves part of it – usually 200 million XRP – to sell. In November, Ripple unlocked the 1 billion but for the first time in years, reserved above two times the usual amount. This month’s escrows finished within Ripple (24) and Ripple (25) accounts, unlocking 500 million XRP each, as usual. Ripple (25) re-locked it all in escrows for 2028 within Ripple (12) and Ripple (13) accounts, as usual.
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October marked a significant decline in crypto-related losses due to exploits, with total losses amounting to approximately $116 million—the lowest monthly losses in the last six months. Most of October’s losses stemmed from exploits, followed by flash loan attacks and exit scams. Exploits accounted for the bulk, totaling $113.3 million, while flash loan and exit scams contributed $1.5 million and $1.2 million, respectively. According to blockchain security firm CertiK, around $245,000 of these funds was successfully returned to victims, bringing the net impact down to approximately $115.8 million.
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