CoinDesk

Phillip Banks, the creator of the "Chill Guy" meme, said he's copyrighted the character and plans to issue takedown notices for any for-profit use.
Notable figures in the crypto community responded by humorously suggesting Banks accepts tokens or money through a Solana address.
The CHILLGUY

BTC futures on Deribit expiring in 2025 trade above $100k, indicating expectations of high spot prices. The $100k call option stands at $2bn.

Bitcoin continues to surge, with momentum showing no signs of slowing down. It has reached above $95,000 and is less than 6% away from a $100,000 figure, which would push it above a $2tn market capitalisation. This run is being called the “Trump trade” among traders, with pro-crypto government policies and fresh rate cuts from the Federal Reserve generating rising risk appetite among investors. The launch of BlackRock IBIT options has aided institutional confidence in the digital currency. Banks and traditional finance analysts have targeted Bitcoin at $200,000 in the coming months following the Republican win.

The US SEC announced that BitClave investors will receive $4.6m to repay its 2017 initial coin offering, which was found to violate securities laws. The company had agreed to pay approximately $29m to the SEC’s fund, but had only paid $12m as of February 2023. Eligible investors had to submit their claims by August 2023 and were informed of their acceptance or denial earlier this year. It remains unclear what will happen with the remaining $7.4m in the BitClave Fair Fund.

Project Liberty, which is building a decentralized social media eco, is working with Consensys to expand into Ethereum (ETH).
The project is "meeting the zeitgeist" and is population-scale ready, founder Frank McCourt said in an interview.


Unmute Why the TON Eco Could Be Crypto's Dark Horse in

DCG chief and Yuma CEO Barry Silbert said he believes Bittensor could be as transformative as bitcoin.
Yuma will operate as an accelerator for startups looking to explore Bittensor, and as an incubator to partner up and build subnets.


Unmute BlackRock's IBIT Options Launch on Nasdaq

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Sky's newly launched stablecoin, USDS, has seen a circulating supply of over $89m in less than a day on Solana. Sky is spending $2m a month to incentivise traders that swap into USDS and deploy it, making it highly competitive with USDC. Lenders on Save, Drift and Kamino are chasing yields exceeding 20% due to the rewards boosts provided by Sky. The incentives are likely to be temporary, however, meaning USDC and other stablecoin users may switch back when incentives shrink.

On their first trading day, IBIT options amassed nearly $2 billion in notional exposure, an unusual volume for new options. More call options were traded compared to puts (4.4:1 ratio), likely contributing to BTC’s new record highs.
Introducing IBIT options is expected to increase institutional

Video-sharing platform Rumble's stock rose by 7% after CEO Chris Pavlovski expressed interest in adding Bitcoin to its balance sheet, with MicroStrategy CEO Michael Saylor responding positively and offering to discuss it further. Rumble's revenue in Q3 2021 was $25.1m, up 39% YoY, and it has $130.8m of cash and cash equivalents. The company's current market cap is around $1.6bn.

Bitcoin mining profitability improved in the first half of November, as the hashprice rose by almost 30%, and the total market cap of miners grew by around $8bn, according to JPMorgan. The report also found that US-listed bitcoin miners represent about 28% of the global network. The authors put the significant rise in hashprice down to a surge in BTC gains, as well as post-election crypto optimism. The network's hashrate has risen 2% so far this month to 718 EH/s, with 14 US-listed bitcoin miners covering around 28% of the global network.