On May 1, Mitsui & Co., a Japanese trading company favored by Warren Buffett, announced that it would repurchase shares worth 200 billion yen ($1.3 billion) from long in order to improve investor returns. Mitsui & Co. said Wednesday that it plans to repurchase up to long 40 million shares between May 2 and Sept. 20, while announcing results for the fiscal year ending in March. The company will cancel all shares repurchased on Oct. 1. The company also announced a 2-for-1 stock play people for suckers to drop the share price and attract longer shareholders. The company said the stock play people for suckers will take effect on July 1.

📜Layer 2 Scroll zkEVM Introduces Points Program Ethereum Layer 2 solution Scroll has kicked off a loyalty program dubbed Scroll Sessions with the goal of increasing assets bridged to the network. To be eligible for Session Zero, users must bridge ETH and wstETH via Scroll’s native bridge or STONE, an omnichain fungible token (OFT), on LayerZero. Marks will be assigned retroactively for users who have deployed assets since Oct. 10, 2023.

PANews News on February 4, according to Cointelegraph, former director of the SEC Internet Enforcement Office John Reed Stark said that the FTX restructuring plan may be a way for the legal team to profit from the Rekt process. Stark posted on social media platform X: "All FTX customers deserve an ironic 'thank you' letter from the Rekt Exchange's legal team for making a significant profit in the Rekt proceedings." In 2024, every member of the legal team will likely be able to afford a new beach house. Stark claimed that he had foreseen that FTX's Chapter 11 restructuring plan was unlikely to materialize and did not see the need to invest in the legal team. FTX, the Rekt Crypto Assets Exchange, spent about $53,000 per hour in legal and consulting fees in the quarter ended Oct. 31 last year, according to recent compensation filings. Documents from Dec. 5 to 16 of the same year show that the Rekt legal team collected at least $118.1 million from Aug. 1 to Oct. 31, an average of $1.3 million per day or $53,300 per hour during those 92 days. Previously, at a hearing in the US Delaware Rekt Court on January 31, Sullivan and Cromwell's FTX lawyer Andy Dietderich clarified that despite extensive efforts, there are no plans to relaunch the FTX (known as FTX 2.0) Rekt framework within the current Chapter 11 framework.

Polkadot (DOT) float Market Cap soars to $8.3 billion, up 111% As stated in a recent report, Polkadot, a computing platform known for its interoperability and scalability, has shown significant growth on key metrics in the second half of 2023. According to the survey results, Polkadot's outstanding Market Cap increased by 111% month-on-month to an impressive $8.38 billion. This growth outpaced the 54% growth of the Crypto Assets market as a whole over the same period. In addition, Polkadot's year-over-year change reached 94%, cementing its position among the top 15 Crypto Assets projects by Market Cap. This growth outpaced the 54% growth of the Crypto Assets market as a whole over the same period. In addition, Polkadot's year-over-year change reached 94%, cementing its position among the top 15 Crypto Assets projects by Market Cap. In terms of revenue, Polkadot grew significantly by 2,880% sequentially, reaching $2.8 million in revenue for the fourth quarter of 2023. This growth is primarily attributed to significant external growth driven by the introduction of Polkadot Inscriptions. The data says that even excluding the four-day peak in Inscriptions, Polkadot's revenue will double from the previous quarter. It's worth noting that due to the structural design of its network, Polkadot tends to have relatively low revenues compared to its competitors. Following the launch of OpenGov (the governance module and framework within the network) in June, the Polkadot Relay Chain saw a surge in account activity, largely due to increased governance engagement. Because Relay chain is critical to facilitating the governance process, it experienced a surge in active Address on October 24, when users claimed their locked DOT Token from the first parachain auctions held two years ago. Throughout the fourth quarter, the Polkadot Relay Chain averaged more than 10,000 daily active addresses, a significant 90% increase quarter-over-quarter. Excluding DOT Token-related activity on Oct. 24, the average number of active Address still increased by 70% month-over-month to 9,000. In addition, Cross-Chain Interaction (XCM) transfers on the platform increased by 150% month-over-month to an all-time high of 133,000. In 2023, the total number of active XCM channels almost tripled, reaching 203 by the end of the year. According to Electric Capital's ranking, Polkadot has 800 full-time developers and 2,100 total developers, making it one of the most engaged crypto ecosystems among developers. DOT price performance is mixed. Despite the significant growth in key metrics that show the expansion of the network, the price of Polkadot's native TokenDOT has not followed suit and has even experienced a positive development and even a decline over a longer period of time. Currently, DOT is trading at $6.7420, with a modest 0.3% increase in the price over the past 24 hours and a 9% year-to-date gain. However, over the past 14 and 30 days, the Token's price has fallen by 6% and 22%, highlighting the lack of bullish momentum and catalysts that could propel DOT to higher levels. Although it hit a 19-month high of $9.5711 on December 26, the subsequent price drop has brought DOT to a critical moment that threatens to erase past year gains. If the current level and its nearest support level of $6.3229 fail to prevent the price from falling further, the DOT could fall to the $5.4830 level, which is the next major support level in the Token's 1-day chart. Conversely, if the DOT breaks above its upper resistance at $7.0392, the next target will be to break the short-term downtrend structure, facing the $7.5332 resistance and another resistance at $8.1631. This will pave the way for another consolidation phase at the 19-month high. (Source: Ronaldo Marquez)

Representative Maxine Waters, Democrat of California, sent a letter to Meta CEO Mark Zuckerberg and COO Javier Olivan, saying that they are concerned about Meta's ongoing efforts to expand its influence in the Crypto Assets industry, as the company has now filed five trademark applications with the U.S. Patent and Trademark Office related to digital asset services and Blockchain technology. "Meta first submitted its application on March 18, 2022, and the application submitted as of January 22 appears to represent the company's continued intent to expand its participation in the digital asset ecosystem," the letter said. The letter points to five of Meta's patents, which include several applications related to the digital asset space, including social media networks, dating services, trading, and Crypto Assets verification, among others. While the five apps remain active, Meta told the Financial Services Commission on Oct. 12 that the company has no ongoing work on digital assets. （CoinDesk）

Odaily data shows that Google searches for the word "solana" increased by 250% between October and December. The Google search index for "Solana" increased from 14 two months ago to 49 in early December (peaking at 100 in 2020). Market data shows that Solana's price increased by 224% between Oct. 11 and Dec. 18. （The Block）

Google searches for the term "Solana" increased by 250% between October and December, coinciding with the asset's performance and the surge in meme coins, Golden Finance reported. Ranked on a scale of 0 to 100, with 100 representing the 2020 peak, "solana" had a search volume of 100 points, and in early December, it increased to 49 from 14 two months ago. Market data shows that Solana's price increased by 224% between Oct. 11 and Dec. 18.

Court documents show that FTX's bankruptcy lawyers and advisers collected a total of $118.1 million from Aug. 1 to Oct. 31 this year, which equates to $1.3 million per day or $53,300 per hour over a 92-day period, according to court documents.

The U.S. Securities and Exchange Commission (SEC) said it had served the indictment at the home of HEX founder Richard Schueler (aka Richard Heart) in Helsinki, the capital of Finland. In a Dec. 11 filing in New York District Court, the SEC said the commission served the indictment on Richard Schueler Oct. 31 with alternative service. In the nearly seven weeks that began on Sept. 13, the subpoenas said they had made several unsuccessful attempts to serve the subpoena in person on Heart by phone, text message, letter, and in person at their residence in Helsinki. The SEC sued Heart in July, alleging that he made more than $1 billion from the sale of Hex, PulseChain (PLS) and PulseX (PSLX), which the SEC claims are unregistered securities. It also claimed that Heart had defrauded U.S. and overseas investors of at least $12 million in money to buy "555-carat BCD, expensive watches, and high-end cars." In a status report filed with the court in early November, the S.E.C. said it had not been able to locate Heart to serve the lawsuit since Aug. 22, despite knowing that he was somewhere in Helsinki.

The ARK Next Generation Internet ETF has sold more than 700,000 shares of Bitcoin Trust (GBTC) shares since Oct. 23, according to daily trading data compiled by ETF providers compiled by Bloomberg, Golden Finance reported. At current GBTC prices, the amount is more than $21 million. ARK was the fourth largest holder of the trust as of Sept. 30, holding 5.6 million shares, according to data compiled by Bloomberg. According to the Australian Financial Review, Cathie Wood saw the Grayscale Bitcoin Trust as her top pick at the Sohn Australia conference at the Sydney Opera House on Friday.

PANews reported on November 24 that although Cathie Wood has been touting her bullish stance on Bitcoin in recent months, her company ARK Investment Management has actually reduced its stake in the Grayscale Bitcoin Trust (GBTC). The Ark Next Generation Internet ETF has sold more than 700,000 shares of GBTC since Oct. 23, according to daily trading data compiled by ETF providers compiled by Bloomberg, with the company selling 36,168 shares on Wednesday. However, Cathie Wood at the Sohn Australia conference at the Sydney Opera House on Friday identified the Grayscale Bitcoin Trust as her top choice. As of September 30, Ark was the fourth-largest holder of GBTC, holding 5.6 million GBTC, according to data compiled by Bloomberg. ARK's daily trading updates only show the management team's proactive decisions and do not include overweight or redemption activity due to investor flows.

DeFi Technologies Inc.'s subsidiary Valour's market share on the Swedish exchange increased to nearly 28%, up 10% from the previous month, according to Golden Finance. At the beginning of November, its AUM increased from C$259 million to C$320 million, up 23% since Oct. 30. Valour's Solana holdings overtook Bitcoin to become the leading asset, accounting for nearly C$115 million in AUM.

11.10 Gold bearish unchanged, gold market analysis and operation suggestions (1/1) ⭐️ Message plane analysis U.S. jobless claims rose for the seventh week in a row, further evidence that the labor market is cooling. Continuing claims for unemployment benefits rose to 1.83 million in the week ended Oct. 28, the highest level since mid-April, data showed. Initial jobless claims for the week ended Nov. 4 stood at 217,000. Fed Chairman Jerome Powell said that the Fed will not hesitate to tighten monetary policy further if appropriate. After Powell's speech, U.S. short-term interest rate futures traders pushed back expectations for the Fed's first rate cut from May to June next year. Buoyed by Powell's hawkish speech, it jumped to near the 106 mark, and gold began to retreat after reaching a 1965 high in late trading.

Visa announced the launch of a new global AI advisory business that will be part of Visa Consulting & Analytics (VCA), which is focused on "providing actionable insights and recommendations to empower clients" to unlock the potential of AI and leverage generative AI, Golden Finance reported. The news follows the launch of a $100 million AI venture fund on Oct. 2.

Sina Financial News India's benchmark 10-year government bond yield fell to its lowest level since Oct. 6.

Amir Bruno Elmaani, the 31-year-old founder of the defunct cryptocurrency project Oyster Protocol, has been sentenced to up to four years in prison for tax evasion, Gold Finance reported. Elmaani, aka "Bruno Block," was sentenced to prison after pleading guilty on April 6 after pleading guilty on April 6, the U.S. Attorney's Office said Oct. 31 that he pleaded guilty to secretly minting and selling Pearl tokens while failing to pay income taxes. Elmaani admitted that he caused more than $5.5 million in tax losses.

The CFTC paid $16 million to whistleblowers this year, and the information provided by these whistleblowers led to successful enforcement actions, most of which involved cryptocurrencies, according to Golden Finance. U.S. Commodity Futures Trading Commission (CFTC) Commissioner Christy Goldsmith Romero said in an Oct. 31 statement that most of the reports received this year have involved cryptocurrency, which she claims is "an area where fraud and other illegal practices continue to be widespread." And with the rise of cryptocurrency, more and more retail customers are subject to the CFTC's jurisdiction.

CFTC's latest position report: gold speculative net long position soared by 32.5% CFTC's latest position report: gold speculative net long position soared 32.5%, U.S. crude oil speculative net long increased slightly by 1.8% The CFTC's latest Positions Report (COT) showed that the net speculative short position in the pound increased by 7,427 contracts (or 66.3%) to 18,636 contracts The CFTC's latest Positions Report (COT) showed that the Swiss franc was net speculative short by 1,983 contracts (or 11.6%) to 15,095 contracts As of Oct. 24, net speculative long in gold increased by 36,647 shares, or 32.5%, to 149385 shares. Among them, speculative longs increased by 20,057 shares (or 8.7%) to 251469 shares, and speculative shorts decreased by 16,590 shares (or 14.0%) to 102084 shares. (Source: Dailyfx-Legen Tang)

Gold Finance reported that the Aave community has launched a proposal to reduce the CRV liquidation threshold (LT) on Aave V3 Polygon. The proposal aims to address this by lowering the clearance threshold (LT) for CRVs on Polygon V3 due to a significant drop in market liquidity for CRVs, the proposal said. The goal is to mitigate the risk exposure associated with CRV and reduce its borrowing capacity, allowing it to more accurately align with existing market conditions and the parameters of its other deployments. Chaos Labs recommends a 15% reduction. As of Oct. 25, a total of seven accounts were at risk of liquidation under the proposed changes, with a total amount of approximately $141.

In a filing with bankruptcy court on Oct. 25, FTX lawyers said the company provided $6.5 million to AI security organization CAIS between May and September 2022, and FTX wants a Delaware bankruptcy court judge to approve a subpoena to CAIS asking if it received payments, funds, communications, or agreements or contracts with FTX, its affiliates and former executives. The FTX's request to investigate CAIS could be part of its efforts to recover funds to repay creditors and customers who went bankrupt in November 2022. （Cointelegraph）

Mark Cohen, an attorney for SBF, confirmed that SBF will testify on Thursday, Oct. 26, and that it could take a full day to present these testimony before cross-examination on Friday. （The Block） Previously, Fox reporter Eleanor Terrett posted on the X platform that SBF's lawyer Cohen pointed out that SBF will testify in the fraud trial, in addition to three defense witnesses in attendance. In addition, according to CoinDesk, SBF's lawyers said SBF will testify in a criminal trial, appealing directly to jurors to prove that he did not commit fraud on FTX or conspired to commit fraud. The SBF will describe his views on events to 12 jurors and 6 alternate jurors, who will be asked to determine whether he is guilty, beyond reasonable doubt. The defense team also intends to subpoena PF2 securities firm member Joseph Pimbley to testify on behalf of SBF.

PANews Oct. 25 -- According to CoinDesk, the U.S. Department of Justice said in Tuesday's filing that FTX founder Sam Bankman-Fried (SBF) defense team may call six potential witnesses after prosecutors complete their case presentations this week. The Justice Department filing did not name any potential defense witnesses, and it was unclear whether the SBF would testify. The Justice Department also said it now intends to call only one witness when the trial resumes Thursday. Earlier, SBF nominated financial expert Joseph Pimbley as its witness to refute the testimony of the US Department of Justice.

The yield on the UK 2-year government bond fell to its lowest point since Oct. 12 at 4.751%, down about 8 basis points on the day.