CoinEx Daily: Bitcoin Hits New All-Time High, MicroStrategy Continues to Accumulate BTC

Overview

Bitcoin reached a new all-time high, briefly surpassing $107,000, while altcoins underperformed. Additionally, Monad announced the establishment of the Monad Foundation, and FTX confirmed the effective date for its restructuring plan.

Daily Macro

Bitcoin Market Performance: Bitcoin set a new all-time high, briefly breaking through $107,000.

Bitcoin ETF: Bitcoin ETFs recorded net inflows of $638 million yesterday.

Ethereum ETF: Ethereum ETFs recorded net inflows of $20 million yesterday.

Macro Economic Data: MicroStrategy invested $1.5 billion to acquire 15,350 BTC.

Daily Focus:

FTX

Reason for Focus:

FTX and its affiliated debtors announced that the court-approved Chapter 11 restructuring plan will take effect on January 3, 2025. The first round of distributions will begin within 60 days after the effective date and will apply to approved claimants in the Convenience Classes category.

Related Token Performance:

FTX: +10% (24h)

How to Participate:

To qualify for the first round of distributions, users must complete the following steps before January 3, 2025: Log in to the FTX debtors' customer portal; Complete KYC identity verification; Submit the necessary tax forms; Register on BitGo or Kraken platforms

Next Focus:

Monad

Reason for Focus:

Monad announced the establishment of the Monad Foundation, which will focus on validator-led governance, community proposals, developer documentation, and ecosystem growth. The original Monad Labs team will rebrand as Category Labs, with James Hunsaker appointed as CEO.

How to Participate:

The formation of the Monad Foundation marks a new phase of ecosystem growth. Investors should monitor the progress of Monad’s ecosystem and look for potential opportunities to participate in its development.