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MicroStrategy (MSTR), recognized for its transformation into a Bitcoin hedge fund in 2020, will join the Nasdaq 100 stock index on December 23. The official announcement will be made on December 13, according to Bloomberg Intelligence analyst Eric Balchunas.
The addition will position MicroStrategy among the top 100 Nasdaq stocks by market capitalization, with an estimated 0.47% weighting in the index. Which is equivalent to the 40th largest participation.
This move will also expose the company to massive inflows of institutional capital, as the Nasdaq 100 is widely followed by funds managing hundreds of billions, such as the Invesco QQQ Trust ETF (QQQ), which has approximately $322 billion. in assets under management.
Since 2020, under the leadership of its co-founder Michael Saylor, MicroStrategy has adopted a bold corporate treasury strategy by investing more than $25 billion in Bitcoin. The company currently holds about 425,000 BTC, valued at more than USD 42 billion. Which has generated unrealized profits of more than USD 17,000 million.
Tether mint 1 billion USDT as it faces new competitive challenges
Tether has recently issued $1 billion in USDT tokens, cementing its position as a leader in the stablecoin market. According to on-chain data, this minting is part of a series of massive issuances totaling 19 billion USDT in the last month alone. This move coincides with outstanding financial performance, as the company reported record earnings in the third quarter of 2024.
However, the competitive landscape is intensifying. Binance and Circle announced a strategic alliance to boost the use of USDC, which could challenge Tether’s dominance in the global market. This partnership seeks to consolidate USDC as a more regulated and reliable stable currency, in a joint effort to gain market share.
Despite its recent achievements, Tether also faces regulatory pressures. Coinbase plans to withdraw support for USDT in the European Union this month due to MiCA regulations. Which has forced the company to restructure its approach in the region.
Lamina1 merges with Another World to expand its Metaverse ecosystem
Lamina1, the Metaverse project founded by Neal Stephenson, author of Snow Crash, announced its merger with Another World, a South Korean Metaverse created in 2022 on the Kaia blockchain. The acquisition, made through an entirely token-based deal, seeks to integrate the Another World community into the Lamina1 ecosystem.
The transition will include more than 500,000 token holders, investors, developers and enthusiasts through a token exchange process and a customized onboarding strategy. Additionally, the Another World team will join Lamina1 to collaborate on the construction of the Lamina1 Hub, a key platform for the project.
Rebecca Barkin, current CEO of Lamina1, is leading this effort alongside co-founders Neal Stephenson and Peter Vessenes. Among the project’s backers are prominent figures such as Reid Hoffman, co-founder of LinkedIn, and Ripple.
Patrick O’Grady presents Commonware: a revolutionary framework for blockchain development
Patrick O’Grady, a former Ava Labs executive, has launched Commonware, an innovative collection of cryptographic primitives designed to give developers greater flexibility in building blockchain applications. This toolset standardizes basic development blocks without imposing restrictions on design paths.
O’Grady highlighted that current crypto solutions often limit developers by imposing rigid parameters, making it difficult to create unique products. With Commonware, programmers can freely select which primitives to use, facilitating use cases such as organizing game data to prevent tampering or implementing human-readable names instead of blockchain addresses.
This anti-framework eliminates predefined layers and assumptions, giving full control to the developer. According to O’Grady, “there are no hardcoded blocks, execution rules, or specific memory policies,” allowing the creation of both monolithic and modular systems.
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