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🌙 Microsoft To Hold BTC on Its Balance Sheet?

The proposal notes a corporation’s “fiduciary duty” to maximize shareholder value by protecting profits from debasement in an inflationary world.

Author

Mike Gavela
October 25, 2024

Crypto Roundup - October 25

Microsoft is reportedly considering adding Bitcoin to its balance sheet, sparking speculation about future institutional interest in cryptocurrencies. Meanwhile, a recent U.S. government security breach has resulted in $20 million in financial damages, highlighting ongoing cybersecurity vulnerabilities. Separately, Tether’s CEO denied allegations of a criminal investigation, stating the stablecoin issuer remains compliant with relevant regulations.

Top Stories

  • Microsoft urges shareholders to reject Bitcoin investment in SEC filing.

  • $20 million lost in U.S. government hack, highlighting cybersecurity issues.

  • Tether CEO denies allegations of a criminal probe amid regulatory concerns.

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TOP STORIES

Microsoft to hold BTC on its balance sheet?

A proposal is calling on Microsoft to consider diversifying its balance sheet with assets beyond government securities and corporate bonds.

blockworks.co/news/microsoft-bitcoin-balance-sheet

U.S Government Hacked For $20M - "The Defiant"

A hacker appears to have stolen $20 million from a compromised U.S. government Ethereum wallet in a brazen heist.

thedefiant.io/news/hacks/u-s-government-hacked-for-usd20m

Bitcoin falls as Tether CEO calls criminal probe report ‘old noise’

Crypto markets took a hit Friday after the Wall Street Journal reported Tether was facing a criminal investigation and possible sanctions related to its stablecoin.

www.dlnews.com/articles/regulation/tether-ceo-denies-company-faces-criminal-investigation

FUNDRAISING

OTHER HEADLINES

The Superchain Won on Bankless

Optimism's OP Stack has dominated from the start. Recent announcements show that dominance will likely persist.

www.bankless.com/optimism-op-superchain

Pump.fun Attacker Seeks to Withdraw Guilty Plea as Lawyers Quit Case - Decrypt

Two months after pleading guilty to an attack on Solana meme coin launcher Pump.fun, Jarett Dunn tries to shift gears.

decrypt.co/288345/pump-fun-attacker-withdraw-guilty

Mantle-based mETH Protocol Announces Oct. 29 Airdrop - "The Defiant"

COOK tokens will be available to claim on Oct. 29, and the network’s restaking token cmETH will launch the next day.

thedefiant.io/news/defi/mantle-based-meth-protocol-announces-oct-29-airdrop

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