By Kapil Rajyaguru
Base Stablecoin Transaction Volume Briefly Tops All Other Chains.
The Coinbase-developed Ethereum Layer-2 network Base was briefly the number one blockchain for stablecoin volume on the same day it hit a new all-time high transaction count.
According to data from Artemis Terminal, Base achieved a record market share of stablecoin volume on Oct. 26; it accounted for 30.06% of all stablecoin volume, surpassing other chains such as Solana, Ethereum, and Tron for the top spot.
After Base, Solana accounted for 25% of the one-day stablecoin volume, followed by Ethereum at 20% and Tron at 16.7%.
Metaplanet’s Bitcoin Holdings Surge Past 1000 In Latest Purchase, Stock Shoots 8%.
Asia’s MicroStrategy Metaplanet has recently increased its Bitcoin holdings to over 1,000, making it the largest corporate holder in the region.
Earlier today, the company announced the purchase of 156 additional BTC for an investment value of $1.6 billion Japanese Yen. Soon after the news, the stock price surged 8.06%.
The company credits this sharp growth to a substantial expansion of its Bitcoin assets, which more than doubled over the previous quarter. In October alone, Metaplanet acquired over 600 BTC, raising its total holdings to 1018.17 BTC.
Hong Kong Considers Tax Break On Crypto Investments And Using AI For Finance.
Hong Kong’s Secretary for Financial Services and the Treasury, Christopher Hui, said that Hong Kong regulators have proposed an extension to tax break laws that would accommodate digital asset investments.
A tax break means that Hong Kong citizens who own crypto investments may see a tax reduction in the near future. Hui stated that they plan to propose the tax break law as legislation by the end of this year.
The Hong Kong Securities and Futures Commission promised to deliver a finalized list of crypto exchanges that will receive full licenses by the end of the year.
On the same day, the Hong Kong Exchanges and Clearing Limited released a statement that it will launch a Virtual Asset index Series on Nov. 15, 2024. The Hong Kong index series aims to provide more benchmarks for Bitcoin and Ether pricing for regions within Asia-Pacific time zones.
Microsoft Could Make ‘Next Trillion Dollars’ With Bitcoin, Says Michael Saylor.
Bitcoin bull Michael Saylor has offered to help Microsoft make a trillion dollars by using his treasury reserve investment strategy, following word that shareholders in the tech giant are set to consider a proposal related to the top cryptocurrency.
The billionaire founder and chairman of software company MicroStrategy on Friday wrote to Microsoft CEO Satya Nadella on Twitter (aka X), making the proposal.
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