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JPMorgan (NYSE:JPM), through its Onyx unit, has introduced programmable payments into its blockchain-based payment system, JPM Coin. This innovation enables automatic transactions following predefined rules, optimizing treasury functions for institutional clients. Initially launched with Siemens AG (TG:SIE), the service promises to increase fund efficiency and availability, operating continuously, even on weekends and holidays.
MicroStrategy (NASDAQ:MSTR), a giant in enterprise software, has seen a remarkable increase in the value of its Bitcoin (COIN:BTCUSD) investment, surpassing $5.8 billion. This translates to over $1.2 billion in unrealized profits, thanks to the recent surge in Bitcoin’s price, which exceeded $37,000. The company stands out as the largest institutional holder of Bitcoin, with over 158,000 Bitcoins, an investment that continues to yield substantial profits.
The Wallet cryptocurrency trading bot, developed by Dubai-based Open Platform (TOP), has been globally launched on Telegram. Available in various Latin American and African countries, Wallet allows Telegram users to buy and sell cryptocurrencies directly within the app. This integration facilitates access to cryptocurrencies, especially in emerging markets with a strong Telegram presence and high cryptocurrency adoption. Wallet also offers a self-custody solution, TON Space, for decentralized exchanges and NFT transfers.
Swiss bank UBS (NYSE:UBS) has introduced the option for its wealthy clients to access three crypto ETFs in Hong Kong. The funds, including Samsung Bitcoin Futures Active, CSOP Bitcoin Futures, and CSOP Ether Futures ETFs, are regulated by the Hong Kong Securities and Futures Commission.
David Baszucki, CEO of Roblox (NYSE:RBLX), expressed a desire to integrate non-fungible tokens (NFTs) and digital assets across various platforms. In an interview with CNBC, he discussed the potential of NFTs to move between non-native platforms, citing the possibility of collectible items from celebrities like Elton John being traded outside the Roblox virtual universe. “There’s a certain dream here about objects and NFTs moving from platform to platform,” Baszucki said.
Polygon Labs’ (COIN:MATICUSD) “Polygon Village 2.0” program is driving innovation in Web3, offering over $90 million and 110 million MATIC tokens to support startups. Spanning from early-stage projects to advanced ones, the program aims to foster blockchain solutions development and strengthen the Web3 community.
The Institute of Crypto-Assets was opened in Paris, at the Léonard de Vinci Center. This research center focuses on blockchain and cryptocurrencies, with a scientific advisory board of experts. Aiming at education and debates on cryptoassets, the Institute also aligns itself with EU cryptographic regulations and observes the growing interest of young French people in cryptocurrencies.
Bitget, a leader in cryptocurrency exchange and Web3, revealed the listing of the GROK token, based on the xAI AI chatbot project. GROK symbolizes an advancement in artificial intelligence, reflecting Bitget’s commitment to technological innovation. GROK trading began on November 10, 2023, marking the union of AI with blockchain.
Solana (COIN:SOLUSD) experienced a significant surge, surpassing $50 per coin. With a market cap increase of over $3 billion since yesterday, SOL now has a market cap of $21 billion. Over the past 30 days, SOL has registered an impressive gain of 127%, outperforming other major cryptocurrencies during the same period. Despite being 80% below its November 2021 all-time high, SOL stands out for recent partnerships with Visa (NYSE:V) and Shopify (NYSE:SHOP), as well as its mention in the criminal trial of Sam Bankman-Fried.
THORchain, with its RUNE token (COIN:RUNEUSD), has recorded a notable increase of over 42% in the last seven days. This growth was driven by increased trading volumes on Thorswap, making THORchain the third-largest DEX.
The Near Foundation (COIN:NEARUSD) has partnered with Eigen Labs to enhance the Eigen Layer protocol, aiming for faster and more cost-effective Ethereum (COIN:ETHUSD) transactions. This collaboration promises to streamline cross-rollup transactions and improve interconnectivity between Near and Ethereum, reducing liquidity fragmentation and providing an enhanced bridge experience with strengthened security and decentralization.
Genesis, a cryptocurrency lender in bankruptcy, has proposed a settlement agreement with the Three Arrows Capital (3AC) hedge fund, seeking judicial approval. The agreement suggests that 3AC receives a general unsecured claim of $33 million against Genesis, a small fraction of the originally claimed $1 billion. This move aims to facilitate Genesis’s Chapter 11 reorganization plan, reducing the risks and costs of protracted litigation. The judge’s approval is pending, with a deadline for objections until November 24.
Singapore-based crypto company Hodlnaut will be liquidated, as decided by the administrators and reported by EY auditors. The company faced substantial losses, including $189.7 million in the Anchor Protocol and assets in the bankrupt FTX, leading to the rejection of a restructuring plan by creditors.
Kanav Kariya, President of Jump Crypto, invoked the Fifth Amendment when questioned by the SEC about a hidden agreement with Do Kwon, founder of Terraform Labs. This agreement, conducted under the pretext of transparency, involved significant UST purchases to stabilize its value, while Jump Crypto acquired LUNA at low prices, resulting in fraud charges by the SEC against Kwon and his company.
Chainlight, a blockchain security company, identified a critical vulnerability in the Perpetual Protocol’s “AccountBalance” contract, threatening $32 million in customer funds. Despite averting potential fraud, Chainlight received only $10,000 in PERP tokens (COIN:PERPUSD) as a reward. The crypto community criticized the amount, considering it insufficient and reflecting a devaluation of white-hat hacker efforts in ecosystem security.
Crypto entrepreneur Justin Sun has proposed a 5% reward to recover stolen funds from Poloniex after a significant hack. The exchange detected suspicious movements of around $31 million, with total losses exceeding $100 million. Sun has promised to reimburse affected users and is seeking collaboration with other exchanges to recover the assets. Simultaneously, the hacker used the funds to artificially inflate the value of the Tron token (COIN:TRXUSD).
In an unprecedented collaboration with SEROCU, cryptocurrency exchange Kraken helped return nearly $2.4 million in stolen cryptocurrencies to victims of a scam. This refund follows the seizure of funds from Wybo Wiersma, who was convicted of using a fraudulent website to steal IOTA tokens (COIN:IOTAUSD). This case marks the first use of the Proceeds of Crime Act in the UK to seize cryptocurrencies on exchanges, highlighting the importance of fraud awareness for the safe adoption of crypto.
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