According to Arkham monitoring data, about five hours ago, 1,507 ETH flowed from the Kraken hot wallet address into the Bitwise Ethereum exchange-traded fund ETHW ETF, worth US$5.28 million.

GMX proposed to increase the repurchase and distribution fee coverage from 27% to 90%. From the perspective of GMX holders, the proposal also presents a symmetrical option to the community to directly adjust the fee distribution ratio. However, it is worth noting that any changes in the economic model may have a long-term impact on the price performance of GMX. The benefits of increasing the percentage and the negative impact of changing the economic model will ultimately be borne entirely by GMX holders.

Maya Parbhoe, a presidential candidate in the South American country of Suriname, said that once in office, Bitcoin (BTC) will be made legal tender. Within the first year, she plans to gradually replace the Surinamese dollar with satoshi (the smallest unit of Bitcoin) and ensure that all salaries are paid in BTC, aiming to build a Bitcoin country that is more deeply rooted in cryptocurrency than El Salvador. It is reported that Maya Parbhoe's subsequent plans also include disbanding the central bank, cutting taxes, privatizing public services, issuing national Bitcoin bonds, and promoting extensive deregulation. (Cointelegraph)

According to Odaily, Floki has announced on the X platform that the launch of its flagship utility project and metaverse blockchain game, Valhalla, will be postponed to the first quarter of 2025. This decision follows feedback from audits aimed at ensuring the utmost security for assets and users within the Valhalla ecosystem. The project, which has been in development for three years, is undergoing thorough scrutiny by two auditing firms, Hacken and OpenZeppelin, before the mainnet goes live. The auditors have recently provided recommendations that are expected to further bolster the platform's security, as well as the safety of users and assets within the Valhalla ecosystem. Implementing and testing these changes is anticipated to take several weeks. As a precautionary measure, Floki has decided to delay the mainnet launch to ensure all necessary enhancements are thoroughly integrated and tested. This move underscores Floki's commitment to delivering a secure and reliable platform for its users.

MicroStrategy is now sitting on 55,000 more Bitcoin after spending an additional $5.4 billion on the cryptocurrency. With the purchase, the company’s Bitcoin reserves total 386,700 BTC. According to a filing released on November 25, Bitcoin was trading at an average price of $97,862 between November 18 and 24, and the acquisition was conducted during […] source: https://www.cryptopolitan.com/microstrategy-5-4b-bitcoin-purchase/

Peter Brandt, long known for his critical stance on XRP, has stunned the crypto community with a surprisingly bullish forecast for the Ripple-affiliated coin. source: https://zycrypto.com/from-critic-to-optimist-analyst-peter-brandt-now-sees-ripples-xrp-tapping-new-highs/

FLOKI announced on the X platform that according to audit feedback, the launch of the Valhalla mainnet will be postponed to the first quarter of 2025. Valhalla is Floki's flagship utility project and metaverse blockchain game, which took three years to build. It is reported that in order to ensure the absolute security of assets and users in the Valhalla ecosystem, FLOKI commissioned two auditing agencies, Hacken and OpenZeppelin, to review the Valhalla contract before the mainnet launch. They recently made some suggestions that will help further enhance the security of the platform and the security of users and assets in the Valhalla ecosystem. It will take at least a few weeks to implement and test these changes, and the launch of the mainnet will be postponed out of caution.

Capital flows shift from bitcoin to ether, with the derivatives market signaling growing confidence in ETH near-term upside, analysts said. source: https://www.theblock.co/post/328103/ether-gains-momentum-as-capital-shifts-from-bitcoin-and-derivatives-activity-increases?utm_source=rss&utm_medium=rss

According to Whale Alert, USDC Treasury once again destroyed 50 million USDC through Ethereum, and the amount destroyed in the past hour reached 100 million.

According to BlockBeats, on November 26, FOX journalist Eleanor Terrett announced on social media that global ETF provider WisdomTree has registered an XRP ETF in Delaware. Terrett confirmed with the company that this is a legitimate filing.

Animoca Brands is considering Hong Kong for its upcoming IPO due to the city’s growing digital asset sector. Despite a drop in valuation from $5.9 billion to between $1.5 billion and $3 billion, the company is focused on expanding and has yet to set a firm IPO timeline.