The Daily: XRP is back in crypto’s top three, Michael Saylor advises Microsoft on adopting bitcoin and more
2024-12-03

I hope you had a good weekend, folks. In today's newsletter, XRP becomes the world's third-largest cryptocurrency, Michael Saylor advises Microsoft on adopting bitcoin as a treasury reserve asset, MicroStrategy acquires another $1.5 billion worth of bitcoin and more.
Meanwhile, Bernstein sees Ethereum ETF staking yields as likely to be approved in the U.S. under a crypto-friendly "Trump 2.0" SEC as global Ethereum investment products hit record annual inflows of $2.2 billion.
Let's get started.
XRP is back in crypto's top three
XRP, closely associated with digital asset infrastructure firm Ripple, has surpassed Tether's USDT and Solana's SOL to become the world's third-largest cryptocurrency with a market cap of around $150 billion.
Michael Saylor advises Microsoft on adopting bitcoin
MicroStrategy co-founder Michael Saylor urged Microsoft CEO Satya Nadella and its board of directors to adopt bitcoin on its balance sheet, calling it the "best asset you can own."
MicroStrategy acquires another $1.5 billion worth of bitcoin
MicroStrategy has acquired a further 15,400 BTC for approximately $1.5 billion at an average price of $95,976 between Nov. 25 and Dec. 1.
Japanese exchange DMM Bitcoin to shut down after $300 million hack
Japanese crypto exchange DMM Bitcoin plans to shut down operations by March 2025 after transferring its customer accounts and custodial assets to SBI VC Trade.
BitGo launches dedicated retail platform to buy, sell, trade, custody and stake crypto assets
Crypto infrastructure provider BitGo has launched a dedicated retail platform — providing global access to its regulated digital asset trading, staking, lending, wallet and qualified custody services for the first time.
In the next 24 hours
Never miss a beat with The Block's daily digest of the most influential events happening across the digital asset ecosystem.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.