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APT, the native token for the Aptos blockchain, rose by more than 15% and hit a new all-time high of $18.78 on Tuesday.The token’s market capitalization neared $7.4 billion.
As the Bitcoin market hits resistance at a new ATH of $73k, the Long-Term Holder cohort have ramped up their overall distribution pressure. The market is currently seeing over $2.6B/day in realized profit, as investors start to take chips off the table.
BlackRock’s planned tokenized fund launch “brings legitimacy” to public smart contract chains like Ethereum, according to analysts at Bernstein. BlackRock unveiled the BUIDL tokenized private equity fund earlier this month, deepening its foray into digital assets after launching a spot bitcoin ETF.
ALEX raised $10 million in a strategic funding round led by Spartan Capital. ALEX leverages Layer 2s, bridges, oracles and other infrastructure to create a Bitcoin-specific decentralized finance layer.
BadgerDAO has launched eBTC — an ether-backed, synthetic bitcoin token in collaboration with liquid staking platform Lido. The token enables users to get paid to borrow synthetic bitcoin without any upfront fees or interest.
A Bitcoin address that has been dormant since 2019 moved $6 billion of bitcoin over the weekend. It’s unclear who owns the address and it doesn’t appear to be affiliated with an exchange.
- 13:17MicroStrategy has once again purchased 55,500 BTC, bringing its current holdings to 386,700 BTCAccording to a post by Michael Saylor on platform X, MicroStrategy has once again purchased 55,500 BTC at a price of approximately $5.4 billion, achieving a quarterly return rate of 35.2% and an annual return rate of 59.3% for BTC so far this year. As of November 24, 2024, the holdings reached 386,700 BTC.
- 13:06Due to being listed on Robinhood, WIF has made a short-term breakthrough to $3.6Bitget market data, WIF broke through $3.6, with a 24-hour increase of 17.37%, currently reported at $3.6. Market news, WIF is listed on Robinhood.
- 13:01Bernstein has raised the target price for MicroStrategy to $600 by the end of 2025ChainCatcher reports that Bernstein analysts predict MicroStrategy's Bitcoin holdings will rise from 1.7% of the circulating supply to 4% over the next decade, and have updated MSTR's target price to $600 by the end of 2025. According to data from TradingView, Bernstein previously set a target price of $290 in June when the stock was trading at around $148. It reached this price on November 11th, with nearly a 100% increase in the past month and a year-to-date increase of 509%. Analysts' assessment of MicroStrategy depends on three factors: firstly, whether investors are structurally bullish on Bitcoin; secondly, whether there is liquidity or bankruptcy risk for MicroStrategy; thirdly, whether the company can expand its capital scale in the long term. They believe that under favorable regulatory conditions and support from Trump's incoming administration as well as growing institutional adoption coupled with low interest rates, inflation risks and record fiscal debt macroeconomic backdrop - Bitcoin is currently in a sustained bull market.
