Saylor Pitches Bitcoin to Microsoft

📈 Saylor Advocates Bitcoin Investment

Saylor's Bitcoin Pitch: On December 1st, Michael Saylor, Chairman of MicroStrategy $MSTR, presented to Microsoft's $MSFT board, advocating for a Bitcoin $BTC investment strategy. He stressed its potential to significantly boost Microsoft's market value.

Projected Financial Gains: Saylor predicted this approach could add $584 per share to Microsoft stock and grow its market cap by $4.9 trillion over 10 years, assuming Bitcoin's value hits $1.7 million by 2034.

Shareholder Vote Upcoming: Microsoft's board, skeptical of the proposal, recommends voting against it. Shareholders will decide on December 10th, 2024, whether the company should explore Bitcoin investments. Read More.

️ On today's Top Picks:

  1. 📈 $XRP surpasses $USDT to become 3rd largest crypto.
  2. 🔜 Sonic Labs to launch Mainnet public access soon.
  3. 🚀 Namada $NAM to launch Mainnet Genesis tomorrow.
  4. 🛑 Elon Musk's $56b Tesla pay package rejected again.

Read time: ⏰ 6 minutes


Crypto News


• ⭐️ US Government moves $1.92b of Bitcoin $BTC; 10k BTC to Coinbase Prime.

MicroStrategy buys ~$1.5 of Bitcoin $BTC; now holds nearly ~2% of Bitcoin supply.

Ethereum Foundation researcher Dankrad Feist advocates for increasing Ethereum's $ETH gas limit.

• ⭐️ Ripple $XRP surpasses Tether $USDT to become 3rd largest crypto by market cap.

US NYDFS to approve Ripple's $RLUSD stablecoin; to officially release on December 4th if approved.

WisdomTree officially files S-1 filing for spot Ripple $XRP ETF.

David Marcus reveals Facebook’s Libra (then Diem) blockchain was killed by political interference.

Binance Co-Founder CZ does NOT wish to be Binance CEO again; would welcome a pardon from the US President.

South Korea to postpone 20% crypto tax for another two years.

Coinbase to leave Turkey; files to liquidate Turkish operations.

DMM Bitcoin crypto exchange to shut down operations & sell assets to an SBI Group subsidiary.

RTFKT, a Nike-owned NFT project, to wind down operations.

Alpha


Mind Network Airdrop Strategy by Earndrop.

• ⭐️ Sonic Labs (previously Fantom) to launch Mainnet public access soon.

Space And Time launches Season 2 testnet community quests.

Inco teases "Some big announcements coming" on X.

Kana Labs to launch Kana Season 2 Points Program tomorrow December 3rd.

ICYMI Linea Surge campaign officially ended on November 25th.

Airdrops


Magic Eden to launch $ME eligibility & allocation checker December 4th.

• ⭐️ Namada $NAM to launch Mainnet Genesis tomorrow December 3rd.

Nektar Network to enable $NET transferability tomorrow December 3rd.

XION to launch $XION TGE December 5th alongside Bybit & Bitget launchpools.

ICYMI Turtle Club Airdrop Strategy by Earndrop.

ICYMI Weekly Airdrop Updates by Earndrop.

ICYMI Hyperliquid launches Genesis Event $HYPE airdrop.

Finance News


• ⭐️ Michael Saylor $MSTR presented Bitcoin strategy to Microsoft $MSFT CEO & Board of Directors.

MARA Holdings $MARA to raise $700m through convertible notes to buy more Bitcoin.

Core Scientific $CORZ to raise $500m through convertible notes for general corporate purposes.

• ⭐️ Elon Musk's $56b Tesla $TSLA pay package rejected again; to appeal decision.

Singapore's Central Bank fines JPMorgan Chase $JPM ~$1.8m for misconduct by relationship managers.

TD Bank $TD hires HSBC Canada's former chief compliance officer Georgia Stavridis.

Intel $INTC CEO Pat Gelsinger retires; two interim leaders appointed.

Security and Exploits


INTERPOL Operation HAECHI-V dismantles e-crime syndicate; ~5.5k arrested & ~$400m siezed.

Thailand CIB & TCSD dismantle transnational online investment fraud network in collaboration with Binance.

Clipper exploited for $450k; investigation underway.

User loses ~$400k after signing permit phishing signature.

Token Unlocks


• EigenLayer $EIGEN / ~$5m / DEC 03rd
• Ethena $ENA / ~$11m / DEC 04th
• Cardano $ADA / ~$24m / DEC 06th
• Jito $JTO / ~$480m / DEC 07th
• Bitget $BGB / ~$8m / DEC 10th
Sourced from Tokenomist


Funding


BLIFE Protocol raises $7m in funding led by UTXO Management.

LSP Finance raises $1m in Pre-Seed funding.

Soda raises an undisclosed amount in Pre-Seed funding led by Gagra Ventures.

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. . .

That’s it for today’s edition! See you soon.

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