Psquare Daily

Web3 News & Media arm @psquarevc

Daily news simplified from the chaotic world of Crypto

[Psquare Daily @pSquare_Daily]

🔔 @MicroStrategy acquires additional 51,780 Bitcoin worth $4.6 billion

➡️ As of 11/17/2024, the company holds 331,200 BTC acquired for $16.5 billion at $49,874 per Bitcoin.

[Psquare Daily @pSquare_Daily]

🔔 @VitalikButerin Bridges 32 ETH to @base and Mints 400 Patron NFTs

➡️ The "vitalik.eth" address bridged 32 ETH to Base and minted 400 Patron NFTs. These NFTs are tied to Infinex, a decentralized trading platform by Synthetix, which previously raised $65.3M through Patron NFT sales.

👉
https://t.co/8gwEfMA3pn

[PeckShieldAlert @PeckShieldAlert]

#PeckShieldAlert vitalik.eth labeled address has bridged 32 $eTH from #Ethereum to #Base & minted 400 PatronNFT

[Psquare Daily @pSquare_Daily]

🔔 @BitMEXResearch Flags Concerns Over @MicroStrategy's 'Infinite Money Glitch

➡️ BitMEX Research highlighted MicroStrategy’s financial situation, noting its $4.25 billion in debt, $43 billion stock valuation, and $17 billion in Bitcoin holdings. While its stock trades at a premium due to an “infinite money glitch” concept, they warn this anomaly won't persist indefinitely.

👉
https://t.co/03ibRdujg9

[Psquare Daily @pSquare_Daily]

🔔 @RobinhoodApp US Relisted @Solana & adds @Cardano, @Ripple, and @pepecoineth

➡️ Robinhood US has relisted Solana (SOL) & added Cardano (ADA), and Ripple (XRP) and Pepe (PEPE), according to its official website. SOL was previously delisted after the SEC classified it as a security.

👉
https://t.co/JoNk091O8e

[Psquare Daily @pSquare_Daily]

🔔 @phantom Releases Emergency Patch Following iOS Update Disrupting Wallet Access

➡️ Phantom, the @solana-based wallet provider, issued an emergency update for iOS after some users reported app resets that locked them out of their wallets. Affected users are advised to restore access with recovery phrases. Phantom apologized, urged secure seed phrase storage, and promised measures to prevent future issues.

👉
https://t.co/J4u78Yjbau

[Phantom @phantom]

We're aware that a small number of iOS users are experiencing app resets. If you happen to be among them, you can restore your wallet using your recovery phrase.

We've pushed a new iOS app update to prevent this from affecting any additional users.

Please make sure you always back up your recovery phrase in a secure location. We sincerely apologize for any inconvenience this might have caused and we're committed to making sure this won't happen again.

If you need additional help, please start a chat with our Support team by going to Settings > Help & Support.

[Psquare Daily @pSquare_Daily]

🔔 Bhutan Government Wallet Deposits $33.5M in Bitcoin to @Binance, According to Onchain Lens

➡️ Onchain Lens reports that an address linked to the Royal Government of Bhutan deposited 367.26 BTC (valued at $33.51 million) to Binance, potentially for sale. Bhutan reportedly holds 13,011 BTC, making it the fourth-largest government bitcoin holder globally.

👉
https://t.co/BJiR97xvOY

[Onchain Lens @OnchainLens]

Just In: The Royal Government of Bhutan has deposited 367.26 $BTC, worth $33.51M, into #Binance.

- bc1qxkwp55us387thsxj3q2wk04j6auaqsdl7dupug (365 $BTC)
- 3LbpsyosTDvq39WZmvJJAspSJmZ8uJMXf7 (2.26 $BTC)

[Psquare Daily @pSquare_Daily]

🔔 @Binance announces the 61st project on Binance Launchpool -  @usualmoney (USUAL)

➡️ Users will be able to lock their BNB and FDUSD to receive USUAL Airdrops over four days, with farming starting from November 15th at 00:00 (UTC).

➡️ Listing: 19th November at 10:00 (UTC)

👉 https://t.co/0iUUonv9tG

[Psquare Daily @pSquare_Daily]

Breaking: Binance will list Act I : The AI Prophecy (ACT), Peanut the Squirrel (PNUT) and open trading for the following spot trading pairs at 2024-11-11 10:00 (UTC). Both are memecoins on Solana.

https://t.co/YEJqOPybDs

[Psquare Daily @pSquare_Daily]

🔔 Bitcoin hit $80,000

[Psquare Daily @pSquare_Daily]

🔔 @binance founder @cz_binance Zhao, recently revealed on  his educational focus for @GiggleAcademy. His new endeavor targets countries with low literacy rates.

[Psquare Daily @pSquare_Daily]

🔔 BlackRock’s Spot Ether ETF Sees $60.3M in Inflows, Marking 94-Day High

➡️ BlackRock’s spot Ether ETF saw a $60.3 million inflow on Nov. 8, the highest since August, as Ether’s price approached $3,000. This surge in inflows follows Donald Trump’s election, which traders speculate may have influenced investor sentiment.

👉
https://t.co/jRqqGTS3yo

[Psquare Daily @pSquare_Daily]

🔔 The Trump family crypto project World Liberty Financial (WLF) released a 13-page document stating that the Trump family will receive 75% of the project's net proceeds without any liability, stating that the project and tokens "are not related to any political activities."

👉 https://t.co/4XTjgmeCu1

[Psquare Daily @pSquare_Daily]

🔔 IBX ($ARTIC), which raised more than 160,000 SOL in pre-sale, is currently suspected to be RUG. Orderly Network retweeted its content, but now said that it has no endorsement and will cut off future cooperation. MEXC has issued an announcement to postpone its listing time.

👉 https://t.co/f9jfFNEtBk

[Anon Vee @AnonVee_]

Did a new rug just happen?

@IBXtrade is incubated by @OrderlyNetwork

IBX launched a presale 3 days back with the aim to raise $3.2m and refund non-selected participants

The presale ended up raising over 160k SOL ($24m)

Participants expected $21.8m to be refunded but guess what?

The team created a poll on THE WEBSITE FULLY CONTROLLED BY THEM on whether to increase the cap or keep the original limit of the presale?

Ofc we know what happened.

The result was to increase the cap and refund 65k SOL ($9.7m)

Team claimed they already refunded 65k SOL but in reality, the team sent sol to the multiple addresses they created. THERE’S NO SINGLE PERSON IN THE COMMENT SECTION THAT RECEIVED THE REFUND.

Team went on to create the token ARTIC at $50m MCAP at 6:16am UTC
(shouldn’t claim page be live before team adds LP ? )

The team dumped the chart from $50m MCAP to $6m MCAP before presale participants were able to claim their ARTIC tokens.

The claim page was created at 7:02am UTC

Just few people have been able to claim

CEXs that listed ARTIC
• @MEXC_Official
• @LBank_Exchange

I DIDN’T PARTICIPATE IN THE PRESALE NOR DID I BUY THE TOKEN

JUST EXPOSING THE SCAMMERS THAT ORDERLY INCUBATED

[Psquare Daily @pSquare_Daily]

🔔 The U.S. SEC has approved the New York Stock Exchange (NYSE) and the Chicago Board Options Exchange (Cboe) to list multiple spot Bitcoin ETF options trading. Specifically, they include Fidelity Wise Origin Bitcoin Fund, ARK21Shares Bitcoin ETF, Invesco Galaxy Bitcoin ETF, Franklin Bitcoin ETF, VanEck Bitcoin Trust, WisdomTree Bitcoin Fund, Grayscale Bitcoin Trust BTC, Bitwise Bitcoin ETF and Valkyrie Bitcoin Fund. The SEC recently approved the same thing on Nasdaq.

👉 https://t.co/PN8T5A1gZd

[Psquare Daily @pSquare_Daily]

🔔 According to CCData, Binance's cumulative spot and derivatives trading volume has exceeded 100 trillion US dollars, OKX ranks second with 24.9 trillion US dollars, followed by Bybit and Bitget, ranking third and fourth, with 13.2 trillion and 10.9 trillion respectively. HTX ranks fifth with 10.2 trillion.

👉 https://t.co/kn16Ha07qt

[Psquare Daily @pSquare_Daily]

🔔 The free version of the security check plugin ScamSniffer currently charges a 0.25% fee on selected DEX transactions. According to the official documentation, although the fee option can be turned off by disabling option, this will also result in the loss of some functionality. In the future, fees will become a default part of the service. Fees are collected by adding custom commands to Uniswap general router transactions.

👉 https://t.co/pXRDveMBLL

[Psquare Daily @pSquare_Daily]

🔔 @binance has expanded its reach in West and Central Africa, integrating mobile money payments for cryptocurrency purchases in six countries.

https://t.co/GdksglMiGO

[Psquare Daily @pSquare_Daily]

🔔 James Howells, an IT engineer in Newport, UK, is suing the Newport City Council for £495 million (about $647 million) after accidentally discarding a hard drive containing 8,000 bitcoins.

➡️ Howells has tried to retrieve the hard drive from the local landfill, but has been thwarted by the city council, which has repeatedly rejected his requests to dig up the site.

👉 https://t.co/RL89FBWBkX

[Psquare Daily @pSquare_Daily]

🔔 Vitalik: We need to maintain an ecosystem where ethereum people feel they are on the same team, and this has a tech interoperability part, a values/culture part, and an economics part too. EIP-7762, based rollups, other forms of fee sharing, are all valuable places to start.

👉 https://t.co/Ao1yllsJqR

[vitalik.eth @VitalikButerin]

I do think that the status quo has a problem of variance: 12 months ago the conversation was L1 "extracting rent" from L2s, now it's the other way around. What we don't want is a mixed economy where the tax rate jumps from 5% to 95% depending on weather. If we can design economics so that L1 and L2 fee accrual are both reliably far from zero (ie. lower variance in the ratio), many people would be much more satisfied.

We need to maintain an ecosystem where ethereum people feel they are on the same team, and this has a tech interoperability part, a values/culture part, and an economics part too.

EIP-7762, based rollups, other forms of fee sharing, are all valuable places to start.

[Psquare Daily @pSquare_Daily]

🔔 According to Protos, Bitcoin developers disclosed details of an high-severity software bug.

➡️ Over 13% of the home and business computers around the world that enforce Bitcoin’s rules are vulnerable to a remote shutdown. The bug, named CVE-2024-35202, affects Bitcoin nodes running Core software prior to version 25.0.

➡️ Nodes that have not updated to at least 25.0 allow an attacker to remotely exploit an assertion in the software logic that handles block transaction (‘blocktxn’) messages. Credit for discovering and disclosing the vulnerability goes to Niklas Gögge, who also provided the patch implemented in Bitcoin Core v25.0.

👉 https://t.co/H7bjU1d3kk