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Wu Blockchain· 2025-11-07 15:15
The University of Michigan’s November consumer sentiment index fell to 50.3 from 53.6 in October, mainly due to the prolonged U.S. government shutdown and economic worries. One-year inflation expectations rose to 4.7%, while long-term fell to 3.6%. https://t.co/KxA6FA1o9x ...
X @Wu Blockchain
Wu Blockchain· 2025-11-07 15:15
Regulatory Landscape - Finland plans to implement its domestic Crypto-Asset Reporting Framework (CARF) starting in 2026 [1] - Finland is becoming one of the first EU countries to move ahead with CARF [1] - The OECD-led standards will require crypto exchanges to begin data collection in 2026 [1] - Global information exchange across over 50 countries is expected by 2027 [1]
X @Wu Blockchain
Wu Blockchain· 2025-11-07 14:54
WuBlockchain Weekly (Nov 3 – Nov 7): BTC briefly dips below $100K; Trump vows to make U.S. a “Bitcoin superpower”; White House clarifies CZ pardon; EU police bust $689 million crypto fraud ring; France moves to tax crypto wealth, South Korea’s crypto volumes hit record low and More https://t.co/ScuLZ4RW9x ...
X @Wu Blockchain
Wu Blockchain· 2025-11-07 14:23
Financial Performance - Trump Media (DJT) total assets amounted to $3.1 billion [1] - Trump Media (DJT) operating cash flow reached $10.1 million [1] - Trump Media (DJT) generated $61.1 million in revenue [1] - Trump Media (DJT) posted a net loss of $54.8 million [1] Key Factors - Net loss primarily due to digital asset valuation changes [1] - Net loss also due to legal costs [1]
X @Wu Blockchain
Wu Blockchain· 2025-11-07 14:01
Crypto-investigator ZachXBT has issued a warning to the community: fraudulent apps impersonating Hyperliquid have been discovered in the Google Play Store, and standard platform filters are not effectively blocking them. https://t.co/g972tE8Ve1 ...
X @Wu Blockchain
Wu Blockchain· 2025-11-07 13:55
Binance released its latest Proof of Reserves snapshot (as of Nov 1). Binance reports 606,356 BTC held for users (reserve ratio 102.11%), 4.09 million ETH (100.00%), 37.88 million BNB (112.95%), and 34.73 billion USDT (107.45%). https://t.co/jGCPnwcv0j https://t.co/NI1OFII4vW ...
X @Wu Blockchain
Wu Blockchain· 2025-11-07 13:30
Strategy priced its 10% Series A Perpetual Stream Preferred Stock (STRE), issuing 7.75 million shares at €80 each to raise about €620 million ($715 million). Proceeds will be used for bitcoin purchases and general corporate purposes. https://t.co/txZCXbL767 ...
X @Wu Blockchain
Wu Blockchain· 2025-11-07 11:14
According to Bloomberg, Kazakhstan is establishing a national cryptocurrency reserve fund worth between $500 million and $1 billion, partly using assets seized or repatriated from abroad. The fund will invest in ETFs and crypto-related companies, avoiding direct crypto exposure, and is expected to launch by early 2026. https://t.co/fh7RhovtiR ...
X @Wu Blockchain
Wu Blockchain· 2025-11-07 10:07
Regulatory Changes - Japan's FSA plans to tighten regulations on crypto lending under the Financial Instruments and Exchange Act [1] - The aim is to close loopholes and mandate stronger risk and custody controls for crypto lending [1] - Proposed investment limits for Initial Exchange Offerings (IEOs) to curb retail speculation [1] Potential Concerns - Experts warn that investment caps on IEOs could be easily bypassed in secondary markets [1]
X @Wu Blockchain
Wu Blockchain· 2025-11-07 09:27
Ripple President Monica Long said at the Swell conference in New York that the company has “no plans or timeline” for an IPO, indicating no short-term intention to join other crypto firms going public. The statement follows Ripple’s recent $500 million funding round, which raised its valuation to $40 billion. https://t.co/nRMxeJtoY7 ...