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🌙 ‘Neutralize” the National Debt With a Strategic Bitcoin Reserve

Bitcoin superbull Michael Saylor argues that a strategic Bitcoin reserve could bring in as much as $81 trillion for the U.S. Treasury.

Author

Mike Gavela
December 24, 2024

In partnership with

Crypto Roundup - December 24

Michael Saylor, CEO of MicroStrategy, has proposed the U.S. establish a strategic Bitcoin reserve to mitigate national debt, leveraging the cryptocurrency's potential appreciation. Meanwhile, Telegram has achieved profitability for the first time, generating over $1 billion in 2024 revenue, tripling its premium subscribers to 12 million, and securing $500 million in cash reserves. Additionally, a PitchBook report projects venture capital investments in the crypto sector to double to $18 billion by 2025, signaling growing confidence in the market.

Top Stories

  • Michael Saylor proposes U.S. government establish a strategic Bitcoin reserve to address national debt.

  • Telegram achieves profitability in 2024, generating over $1 billion in revenue and amassing $500 million in cash reserves.

  • Venture capital investments in crypto projected to double to $18 billion in 2025, per PitchBook report.

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TOP STORIES

Michael Saylor Proposes to ‘Neutralize” the National Debt With a Strategic Bitcoin Reserve - "The Defiant"

Microstrategy also added crypto champion Brian Brooks, a top bank regulator in the first Trump administration, to its board.

thedefiant.io/news/people/michael-saylor-proposes-to-neutralize-the-national-debt-with-a-strategic-bitcoin-reserve

Telegram caps rocky year with profit breakthrough and $500m in cash

Crypto’s favourite messaging app posted a profit in 2024 Telegram generated $1 billion in revenue. Founder and CEO Pavel Durov is still out on bail in France.

www.dlnews.com/articles/deals/telegram-caps-rocky-year-with-profit-breakthrough

VC Investments in Crypto Will Double to $18 Billion in 2025: Pitchbook - "The Defiant"

A new report from the venture capital database Pitchbook predicts substantial growth from 2024’s $9.9B and generalist VCs returning with larger deals.

thedefiant.io/news/markets/vc-investments-in-crypto-will-double-to-usd18-billion-in-2025-pitchbook

FUNDRAISING

MelosBoom completed a Series B financing led by LBank Labs with a valuation of $80 million and reached a strategic cooperation with WOO X Network - ChainCatcher

ChainCatcher news, MelosBoom announced a strategic investment from LBank Labs, with a post-investment valuation of 80 million USD. MelosBoom is committed to advancing the process of decentralized computing and data transmission networks, continuously demonstrating potential in the fields of DePIN and DeIOE, and expanding its ecosystem.At the same time, MelosBoom announced a strategic partnership with the Web3 cross-chain liquidity solution WOO X Network. This collaboration will further enhance the efficiency of MelosBoom's data transmission pathways and the depth of application scenarios through WOO X's network advantages, promoting the circulation and connection of more RWA (real-world assets) and decentralized resources within the network.WOO X has received investments from several institutions, including Binance Labs, Amber Group, Wintermute, LBank Labs, Bitmart, and IOSG Ventures.

www.chaincatcher.com/en/article/2158987

OTHER HEADLINES

Cardano founder Charles Hoskinson faces off against 'AI roast bot' in smart contract debate

Cardano founder debates AI bot over Cardano smart contract capabilities, touching on development, speed, and digital identity.

cryptobriefing.com/cardano-smart-contract-debate

Robinhood wants to be a tokenization 'pioneer'

The firm reported $38 billion in crypto assets under custody as of November 2024.

blockworks.co/news/robinhood-tokenization-efforts

Bitcoin’s 120% run, memecoins, and Trump —crypto’s epic year in five Kaiko charts

Kaiko analysts broke the bull run down into 10 charts — here is our five faves. Ether's late year surge is charted. Trump and memecoins drove big market moves.

www.dlnews.com/articles/markets/ten-charts-that-marked-2024-for-crypto-according-to-kaiko

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