• Since it began purchasing Bitcoin in 2020, Microstrategy’s MSTR stock has done better than Berkshire Hathaway (BRK), owned by Warren Buffet.
• Since purchasing its Bitcoin assets in August, the software firm has seen a 2,295.74% increase in value, while Berkshire Hathaway’s class A stock has had a 115.64% increase over the same time period.
• According to Michael Saylor, the founder and CEO of Microstrategy, Bitcoin may reach 13 million during the next 21 years.

Berkshire Hathaway, owned by Warren Buffet, is losing ground to Michael Saylor’s Microstrategy by the greatest amount.

Since purchasing its Bitcoin assets in August, the software firm has increased by 2,295.74%, while Berkshire Hathaway has increased by 36.02% within the same time period.

Microstrategy, a software business and Bitcoin corporate holder, is surpassing the Berkshire Hathaway class of renowned investor Warren Buffet. The biggest margin since the dot-com bubble for a stock.

A financial markets charting company called Barchart provided a chart that indicates Microstrategy vs. BRK class B stock is at 0.72 and is quickly getting close to the highs seen during the dot-com boom.

Berkshire Hathaway, owned by renowned investor Warren Buffet, is surpassed by Microstrategy

Since implementing Bitcoin as a strategic reserve asset in August 2020, MSTR has experienced a 2,295.74% increase. In the same duration, Berkshire Hathaway has averaged 36.02%.

Microstrategy has also outpaced Bitcoin’s performance since August 2020. The crypto asset has surged by 673.83% compared to MSTR’s 2,295.74%.

Berkshire Hathaway has refrained from investing in the cryptocurrency sector due to Warren Buffet’s pessimistic views on Bitcoin. Buffet has repeatedly denounced cryptocurrencies, as has his late business colleague Charlie Munger.

Buffet called Bitcoin a “rat poison squared” in 2018, while Charlie Munger said the cryptocurrency will plummet to zero in 2021.

In Berkshire Hathaway’s portfolio, Bitcoin and Microstrategy have also done better than Warren Buffet’s top equities.

During the same period, these equities include Apple, American Express, and Bank of America.

Bitcoin might reach $13 million, according to Michael Saylor

Currently, Microstrategy owns more than 1% of all Bitcoin in use. The average cost to the corporation of one bitcoin is $42,692. On November 11th, it made its most recent acquisition, acquiring an additional 27,200 bitcoins valued at $2.03 billion.

Regarding the asset, Michael Saylor has been rather outspoken. The CEO predicted that during the next 21 years, the price of Bitcoin may soar to $13 million.

In order to increase shareholder value and protect against inflation, Microstrategy has paved the way for other businesses to embrace Bitcoin as a strategic reserve asset. On November 14th, Solidion Technology, a US-based supplier of battery materials, declared that Bitcoin has become its reserve asset.

Additionally, the business declared that it had bought its first Bitcoin. Solidon said that it intends to buy more Bitcoin and expand its total Bitcoin holdings by using 60% of its spare cash reserves. The interest profits from other assets, such money market accounts, would be converted to Bitcoin, they noted. In a similar vein, Bitcoin was accepted as a strategic reserve asset by Tokyo-listed investment firm Metaplanet in May.

“DeFi isn’t just a buzzword—it’s the future of finance,” says Ben Bateman, CEO of ADEX. “We’re here to simplify DeFi and deliver a platform that empowers everyone, from curious first-time investors to seasoned crypto enthusiasts.”

The Vision of ADEX: Bringing DeFi to Everyone

ADEX was designed with a simple yet ambitious mission: to make DeFi accessible to everyone, regardless of their financial background or familiarity with crypto. The platform incorporates features like cross-chain interoperability, fiat on/off ramps, and native Bitcoin support to ensure users have all the tools they need in a connected, user-friendly system.

“People are waking up to the possibilities of decentralized finance, but the entry barriers are still high,” Bateman explains. “At ADEX, we’re eliminating those barriers by blending the transparency and control of DeFi with the familiarity and reliability people expect from traditional banking.”

Bridging the Worlds of TradFi and DeFi

ADEX was built as an integrated financial ecosystem that combines the strengths of both traditional and decentralized finance. Key features include a highly secure digital wallet, integrated fiat-to-crypto options, and a forthcoming gold-backed stablecoin. “We wanted to create a DEX that didn’t just meet technical needs but also felt accessible and intuitive, as if you’re working with your bank,” Bateman shares.

Unlike other exchanges, ADEX stands out through its direct partnership with a financial institution, which enables seamless fiat-to-crypto transactions without relying on third-party services. “With our bank-backed infrastructure, we can deliver faster, more secure, and cost-effective transactions by removing intermediaries,” Bateman says. This setup reduces fees, enhances trust, and provides users with a transparent and reliable experience.

Expanding Across Chains and Prioritizing Security

ADEX’s chain-agnostic approach gives users flexibility, with network-specific benefits across platforms such as ZenChain, Sonic Chain, and an upcoming launch on Solana. ZenChain enables secure cross-chain asset swaps, Sonic Chain enhances transaction speeds, and the Solana integration will offer increased scalability and support for a broader range of assets.

“Security and user experience are at the core of what we do,” Bateman emphasizes. ADEX has partnered with ID Crypt Global to develop a digital asset wallet with biometric security, one-tap fiat on/off ramps, and ID-to-ID asset transfers, all within a single, easy-to-navigate interface.

Community-Centric Revenue Model: A New Paradigm

ADEX is reshaping traditional revenue models by implementing a community-first, revenue-sharing approach. Users who hold $ADEX tokens in their ID Crypt wallets receive a portion of the platform’s trading fees. Unlike the traditional banking model where institutions keep profits from fees and investments, ADEX’s revenue-sharing initiative aligns with its mission to put users first.

“By participating in the ADEX ecosystem, our community members benefit directly as the platform grows,” Bateman says. “We’re building a shared-success model that rewards users, giving them a meaningful stake in the future of DeFi.”

ADEX: A Comprehensive Financial Solution for All

In its drive to blend the accessibility of TradFi with the innovative possibilities of DeFi, ADEX is building more than a DEX—it’s creating an inclusive ecosystem that supports a seamless transition from fiat to digital assets. For those looking to confidently navigate the evolving world of DeFi, ADEX offers an end-to-end solution that’s both secure and rewarding.

As Bateman puts it, “We’re reimagining what DeFi can achieve, making it simple and secure for everyone—whether it’s your grandparents or your siblings, ADEX is built for everyone. We’re inviting our community to join us in redefining decentralized finance.”

ADEX is set to launch later this month, and readers are invited to join the ADEX Telegram community HERE for the latest updates, exclusive insights, and early access to the platform.

Follow on X: @ApexDexOfficial

Visit: https://www.adex.global/

Press contact:

Louise Evans
[email protected]

• According to the chair of the Federal Reserve, a robust economy allows Fed officials to cut interest rates “carefully.”
• Officials at the Federal Reserve anticipate that inflation will keep returning to the 2% objective set by the central bank.
• Powell stated that the Fed is certain that its monetary position will be appropriately reevaluated.

On November 14, Jerome Powell, the chairman of the Federal Reserve, stated that policymakers will be able to determine how quickly to cut interest rates if the U.S. economy continues to develop well.

Powell contends that there are no indications from the economy that the Fed should be rushing to cut interest rates. The Fed chair claims that the current state of the economy enables the Fed to make cautious interest rate choices.

Additionally, Powell stated that he is optimistic since the current economic growth was rated as the greatest of any major economy worldwide.

Powell acknowledges that a strong economy allows the central bank to lower interest rates

BREAKING: Fed Chair Powell says the Fed does not need to be "in a hurry" to reduce interest rates.

He said, "the economy is not sending any signals that we need to be in a hurry to lower rates."

Why did the Fed cut by 50 basis points in September? pic.twitter.com/ujHNkj7FMa

— The Kobeissi Letter (@KobeissiLetter) November 14, 2024

The chair of the Federal Reserve emphasized that a strong economy with low unemployment, strong consumer spending, and growing corporate investment allows the central bank to gradually lower interest rates.

“The economy is not sending any signals that we need to be in a hurry to lower rates.”

– Jerome H. Powell

Powell said that it can make thoughtful choices because of the economy’s current strength.In fact, he acknowledged that despite October’s lackluster growth, the job market is doing well.

Powell, meanwhile, blamed labor strikes and hurricane damage in the Southeast for last month’s weak labor market growth.

Additionally, he pointed out that although the unemployment rate has been growing, it has leveled off recently and is still low by historical standards.

Officials at the Federal Reserve anticipate further declines in inflation

The chief of the central bank also discussed inflation, pointing to widespread advancements.

Powell claims that Fed policymakers anticipate inflation to keep moving back toward the 2% target set by the central bank.

The Fed chair thinks the road to success may be rocky at times.Nevertheless, the inflation statistics released this week indicated that both producer and consumer prices had increased, and 12-month rates were moving farther away from the Fed’s order. The Federal Reserve chair highlighted that the two indexes are indicating inflation by the Fed’s preferred measure at 2.3% in October, or 2.8% excluding food and energy.

Powell’s remarks came a week after the Federal Open Market Committee lowered the central bank’s benchmark borrowing rate by a quarter percentage point. The FOMC cut the borrowing rates down into a range between 4.5%-4.75 following a half-point cut in September.

The central bank chair described FOMC’s move as a recalibration of monetary policy that no longer needs to be focused on stomping out inflation. Powell claimed that the Fed now has a balanced aim at sustaining the labor market as well.

But when it came to offering his personal prediction for December and 2025, Powell was silent. He said that although the Fed is unsure of the goal, it wants to lower its key rate to a neutral level that neither stimulates nor restrains growth.

Powell kept silent despite the fact that markets generally anticipate the Fed to continue with another quarter-point decrease in December and then a couple more in 2025. Powell went on to say that the Fed is certain that economic and labor market resilience can be sustained with a suitable reorientation of its policy approach.

Additionally, the Fed chair stated that if inflation steadily declines below 2%, the Fed would gradually adjust policy to a more neutral setting, but the path for getting there is not yet preset.

• The NYC residence of the CEO of Polymarket was searched on suspicion of running an unauthorized commodities exchange.
• With high-stakes wagers on Trump’s win in the 2024 election, Polymarket sprang to popularity.
• A trader named “Théo” wagered $85 million on Trump’s victory.

The Polymarket CEO’s home in New York City was raided on suspicion of operating an illegal commodities exchange. Polymarket gained popularity with high-stakes bets on Trump’s victory in the 2024 election.

“Théo” was a trader who bet $85 million on Trump winning.

CEO of Polymarket criticizes FBI raid

Shayne Coplan implied that he was writing from a new device after his previous one was confiscated when he said, “New phone, who dis?” in his first post following the raid. He even voiced his displeasure with the activities of the government.

The Biden administration, according to Coplan, was making a “last-ditch effort” to target businesses they believed were connected to political rivals. He said Polymarket has a strong commitment to nonpartisanship. He suggested that the incumbents take stock of their actions and acknowledge that adopting a more pro-business, pro-startup stance might have been the difference that made the difference in this election. The CEO of Polymarket emphasized that millions of people had benefited from the platform throughout this election cycle and millions of people in this election cycle and caused no harm to anyone.

Ultimately, he appears to be pleased to state that there has never been a more promising future for America, and American entrepreneurship in particular.

The volatility of Polymarket’s trading

The 2024 elections caused Polymarket’s rise to abruptly end, as its trade volume fell by 84%. Since the confirmation of Trump’s presidential victory, its daily active users have decreased by 53 percent. Massive activity occurred in the prediction market, which generated a total of $3.7 billion in election-related wagers.

However, the platform’s activity is currently drastically declining as jackpot payouts are finished.

After placing a large wager on Trump’s victory, a trader going by the name “Théo” reportedly made almost $85 million. This was almost twice as much as the initial estimate of $48 million. It was discovered that in order to place his high-stakes bets, Théo ran at least 11 accounts.

Many speculated that his trades would be a campaign ploy, but they ended up being a “high-conviction outlook.”

• Paolo Ardoino, the CEO of Tether, affirms that 2 billion USDT would be minted in order to restock the Ethereum blockchain.
• According to Ardoino, the stockpile would be utilized for chain swaps and upcoming issue requests.
• Tether declared that it was collaborating with a top exchange to use chain swaps to combine more than 2 billion USDT on the Ethereum network.

Tether CEO Ardoino declared in a post on X on November 11 that Tether’s Treasury has generated 2B USDT on the Ethereum Network in order to restock its stock. According to Ardoino, the USDT was approved but not yet released; it would be utilized for chain swaps and issuance upon the subsequent request or requests. On November 6th, the stablecoin issuer said that it will work with a large third-party exchange to carry out a chain swap.

Without altering the overall quantity of USDT in circulation, Tether was transferring a portion of its USDT cold wallets from five distinct blockchains to USDT on the Ethereum blockchain.

Specifically, Tether combined 60 M USDT from Avalanche, 300 M from NEAR, 75 M from CELO, 600 M from Avalanche, and 1B USDT from Tron.

2B USDT minted on ETH amid Tether’s big shift to boost liquidity

The cryptocurrency world speculated after the Tether Treasury made 2 billion USDT on the Ethereum network. One of its tactics to increase liquidity on a platform with more Ethereum activity was the single-transaction reallocation of USDT from several blockchains.

The transaction was initially reported by Whale Alert, and Tether CEO Paolo Ardoino subsequently verified it. The consequences of this reallocation, which occurred at a time when bullish Bitcoin was soaring to consecutive record highs, were the subject of much conjecture among experts and cryptocurrency speculators.

In his explanation of the delayed minting notice on X, Ardoino stated that the chain swaps were intended to maximize liquidity rather than expand the token’s supply. The trades were made in an effort to satisfy the Ethereum Network’s increasing demand, he continued.

According to reports, this swap’s size was significant and represented general tendencies in the cryptocurrency industry.

Coingecko’s statistics shows that Tether’s liquidity skyrocketed to more than $160 billion.

Despite a little decline in USDT’s overall supply of 0.3 billion, Coingecko also shown that USDT remained the primary source of liquidity in both controlled and decentralized marketplaces. Nearly 85% of USDT’s entire supply was accessible for trade, according to the statistics. Growing trade volumes demonstrated how important USDT is to enabling high-volume trading.

Tether satisfies both present and future market demands

Even while Cirle’s USDC continued to gain traction, Coingecko’s data validated the USDT’s dominance as the top stablecoin.

Additionally, the research showed that the USDT’s integration into the Ethereum network puts Tether in a better position to handle changes in the market in the future.

According to Tether’s most recent report, the firm made $2.5 billion in Q3, demonstrating USDT’s strong financial position. The company’s pledge to keep over-collateralization with fiat or fiat-like assets was reinforced by its USDT reallocations.

Conversely, smaller blockchains would probably have less liquidity, which might have an effect on projects that rely on such ecosystems. Tether claims that because of peak-time network congestion, the concentration of USDT on the Ethereum blockchain may result in increased gas prices.

The USDT issuer further emphasized that the strategic realignment mirrored changing trends in the cryptocurrency industry and indicated that the enormous chain swaps were more than just a standard liquidity adjustment. Tether claims that rivals like USDC, which was expanding on specialty chains, have threatened USDT’s hegemony in some ecosystems.

• According to Ki Young Ju, CEO of CryptoQuant, Bitcoin (BTC) will conclude the year below $60,000. 
• Ki invited his X followers to speculate on the Bitcoin price. 
• The CEO offered a gift of 0.1 BTC to the person who correctly identified the figure. 

Ki Young Ju, the CEO of CryptoQuant, has made an astonishing forecast about the price of Bitcoin at the end of 2024. 

The market is anticipating more gains as Bitcoin finally reached a new all-time high of $77,252.75. Ki Young Ju, though, says the asset might let the market down. Bitcoin may turn around and close around $58,897 before the end of the year, per Ki Young Ju’s essay on X. But he included a disclaimer to indicate that he might be wrong about the prediction. His recent comment comes after Bitcoin made an impressive leap to hit a new all-time high of $77,252.75, per Coinmarketcap.

CryptoQuant CEO predicts a 24% drop in Bitcoin’s price

The CryptoQuant CEO’s prediction signals a 24% drop in the price of the asset before the end of the year. Before his prediction, Ki Young Ju had initially asked his X followers to guess the asset’s price at the end of the year. He promised whoever got the closest figure (CryptoQuant paid users only) a giveaway of 0.1 BTC, about $7,600 in today’s market.

Some of his followers were modest in their responses, but others were making six-figure projections because of the asset’s previous run. But forecasting the price of Bitcoin in December has never been easy. 

Over the past decade, Bitcoin has registered greens in five months and reds in the remaining five, according to data from CoinGlass. The anticipated surge known as “the Santa Claus Rally,” which could result in either optimistic or bearish results, is always the main driver of Bitcoin’s volatility near the end of the year. As a result, investors should exercise caution while entering the market during this season. But given the recent price spike brought on by the demand, Bitcoin might see a spike this time of year  going by the recent price surge as a result of the United States election results.

The importance of market trends and macroeconomic events

Although Ki Young Ju’s remarks may have sparked discussions in the market, it is well known that macroeconomic developments have an impact on market patterns. The Fed rate cut and the lead-up to the US presidential election were cited as the main causes of Bitcoin’s recent surge. 

Nevertheless, investors remain alert and search for market opportunities. Some people have faith in Bitcoin’s fundamentals, while others think a correction will offer a chance to purchase. In a similar vein, the asset may respond to other events such as institutional adoption or the announcement of a new legislation, and the gloomy perspective expressed by the CEO of CryptoQuant may be one of the many possible possibilities. Ki Young Ju’s stance on Bitcoin demonstrates the ambiguity surrounding it.

The rest of 2024 is still rife with uncertainties, even if Bitcoin holds up well against outside swings and exhibits encouraging market improvements. The forecast also accounts for the long-term dynamics of Bitcoin and the circumstances that may influence its course.

• On November 11, China announced intentions to offer the first dollar bond in Saudi Arabia since 2021.
• The selection of Saudi Arabia is a sign of the two countries’ growing financial ties.
• In September of this year, the Chinese Ministry of Finance issued notes worth 2 billion euros ($2.18 billion) in Paris.

With the state council’s consent, China’s Ministry of Finance announced that it will offer $2 billion in dollar-denominated bonds in Saudi Arabia the next week. The MOF of the Asian nation also stated that specifics of the issuance would be disclosed at a later date.

On November 5, China’s finance ministry declared that, with state council permission, it plans to sell $2 billion of US sovereign bonds in Riyadh. It is anticipated that the action will assist the Chinese government in opening up its financial sector to global investors.

How the BRICS de-dollarisation is going: China will issue $2 billion of dollar-denominated bonds in Saudi Arabia next week. https://t.co/J2Dvwr3yUE

— adam wolfe (@adamkwolfe) November 5, 2024

China to issue dollar bonds in Saudi Arabia after three years hiatus

Since 2021, China has made Saudi Arabia its preferred country for issuing dollar bonds, demonstrating the nations’ dedication to fortifying their diverse relationships. The crown prince of Saudi Arabia, Mohammed bin Salman, stated that he hopes Chinese investment would help realize his 2030 modernization program.

The goal of the drive, he continued, is to put Saudi Arabia on the international scene and lessen its reliance on oil.

In September, the prince and Chinese Premier Li Qiang co-chaired a meeting of the high-level Saudi-Chinese council.

According to reports, the parties talked about regional and global issues and assessed cooperation.

According to reports, the meeting focused on trade, energy, investment, and security and established the groundwork for improved cooperation amongst the various sectors. Ahmed al-Khateeb, the kingdom’s tourism minister, also met with Chinese officials in October to talk about growing the industry.

Wang Peng, an associate at the Bejing Academy of Social Sciences, said the issuing decision would open up new funding opportunities for the Chinese government. Additionally, the colleague conjectured that the issue would inevitably boost investor confidence in the Chinese economy, drawing in new capital.

Additionally, he stated that the sale of dollar bonds will aid investors in comprehending the nation’s financial industry.

Wang went on to say that issuing dollar bonds will increase the Asian nation’s collection of sovereign credit information.

The issuing of dollar bonds is expected to reorganize Saudi’s financial landscape

Talat Hafiz, a Saudi-based economist, stated the issuance would also boost Saudi’s financial market. He emphasized that the financial development program plays a role in restructuring the Kingdom’s financial sector.

China sold bonds worth 2 billion euros in Paris in September. As of October 2024, the ministry has been issuing bonds on behalf of the Chinese government for more than 15 years, according to Yu Hong, a Chinese MOF official. According to the official, a total of $21 billion in bonds denominated in US dollars, 14 billion in bonds denominated in euros, and 373 billion yuan in treasury bonds were issued. According to reports, the first Saudi exchange-traded fund (ETF) that tracks Hong Kong equities became public on the Saudi stock exchange in October. According to reports, the listing marks a significant turning point in economic relations between Hong Kong and the Middle East.

• Coinbase allegedly demanded 500 million TRX (about $80 million) for a listing, according to Justin Sun.
• Simon Dedic and Cronje drew attention to exchanges’ expensive listing practices, including fees of up to $100 million.
• The co-founder of Binance explained their screening procedure.

Regarding the Coinbase fee structure for listing cryptocurrency assets on the exchange, Justin Sun raises concerning assertions. He claimed that he was required to pay 500 million TRX, or roughly $80 million, to the largest cryptocurrency exchange in the US.

This contradicts recent remarks made by Coinbase CEO Brian Armstrong, who implied that asset listings on his cryptocurrency exchange are free and even offered assistance to Simon, the CEO of Moonrock Capital.

Binance and Coinbase are charged with demanding large stakes.
In a previous post, Simon Dedic claimed that after wasting more than a year of due diligence with Binance, a Tier 1 project that raised nearly nine figures was eventually offered a listing. He went on to say that 15% of the project’s token supply was requested by the largest cryptocurrency exchange in the world based on trade volume.

According to him, projects cannot afford to pay $50 million to $100 million for a listing on a controlled exchange, and these coins are the main cause of bleeding charts. The CEO of Coinbase used the occasion to advertise its self-proclaimed free listing.

Andre Cronje jumped into the matter and mentioned that Binance charged $0 to them while Coinbase asked them for $300 million, $50 million, $30 million, and recently $60 million. He refuted Armstrong’s claims of free listing.

He went on to say that he is not bound by any NDA and is happy to produce documentation of requests made by several Coinbase staff members. Cronje emphasized that these requests were sent over Slack, Telegram, and email over a period of several years.

He made a suggestion that Coinbase would contend that it was a “earn fee” rather than a “listing fee,” which yet equates to a “cost to be listed.” He even prepared to share all the information on social media, though, so that others could make their own decisions.

When Justin Sun attempted to get listed on Coinbase, he encountered a similar circumstance. He claimed that in order to improve their performance, the exchange requested that they pay 500 million TRX and even required a $250 million Bitcoin deposit in Coinbase Custody.

Binance co-founder responds to listing fee drama

Yi He, a Binance co-founder, tried to clear the air about the emerging issue. She stated that if a project does not pass the screening process then it cannot be listed on Binance regardless of the amount of money or tokens involved.

She went on to say that the largest cryptocurrency exchange in the world has projects listed in the token distribution column. She requested people to examine the proportion to see whether there is a so-called 20%, 15%, or something comparable.

Yi He emphasized the guidelines for airdrops via Binance’s launch pool and additional listing techniques. She failed to mention that Binance may add any project that was willing to do airdrops. In the meanwhile, she commended Cronje for having the courage to speak the truth in the midst of the chaos.

• Judge Katherine Polk Failla postponed the next Storm trial until April 14, 2025, on November 1.
• Going so far as to submit a mandamus petition to the U.S. Court of Appeals for the Second Circuit, Storm’s defense has contested the court’s decision to postpone the trial.
• Roman Storm faces three charges: conspiracy to violate sanctions, conspiracy to launder money, and conspiracy to run an unauthorized money-transmitting company.

Following Judge Katherine Polk Failla’s decision on November 1, the trial of Roman Storm, a co-founder of Tornado Cash, has been rescheduled for April 2025, four months later than originally planned.

In order to give the parties time to exchange information on the expert witnesses they could call to settle their differences, which began approximately a month ago, the New York judge advanced the trial date.

The defense team for Storm contests Judge Failla’s ruling

Roman Storm’s trial has been postponed by Judge Katherine Polk Failla until April of next year so that the parties can exchange details on their expert witnesses. The trial is scheduled to begin on April 14 and continue for a further two weeks.

However, Storm’s attorneys have challenged the judge’s decision, claiming that the necessity for disclosure would harm their planned defense. 

The defense team, headed by Waymaker LLP’s Brian Klein, stated in a filing dated October 14 that the information exchange would expose their hand and “greatly prejudice Mr. Storm.” They even claimed that since they had not requested a list of experts from the prosecution, the judge’s order might violate one of the federal laws governing criminal proceedings.

Additionally, in order to have Judge Katherine Failla’s decision overturned by a higher court, the developer’s legal team filed a mandamus petition with the U.S. Court of Appeals for the Second Circuit. The trial is expected to last two weeks, and a hearing for the petition was scheduled for November 12.

Roman Storm receives a three-count indictment from the court.
When US authorities accused Storm of helping North Korea’s Lazarus Group launder $1 billion, he began a lengthy legal battle. Storm was subsequently charged with three counts: conspiracy to violate sanctions, conspiracy to operate an unauthorized money-transmitting firm, and conspiracy to commit money laundering.

His legal team claimed in 2023 that the case violated free speech because their client was simply engaged in code writing. They even requested that all of his charges be dropped by the court.

Judge Katherine Polk, however, dismissed the defense’s claim, stating:

At this stage in the case, this court cannot simply accept Mr. Storm’s narrative that he is being prosecuted merely for writing code. If the jury ultimately accepts this narrative, then it will acquit. But there’s no basis for me to decide that as a matter of law.– Judge Katherine Polk

The next trial was initially set for December, but on Friday, she changed it to April 2025.

• The Chainlink Scale initiative now includes the HBAR Foundation.
• The partnership will manage the Hedera testnet’s integration of Chainlink CCIP and Chainlink Data Feeds.
• Chainlink’s node operators and other resources, such as premium data aggregators, will be made available to Hedera developers.

Through Chainlink’s scale initiative, the HBAR Foundation has become a part of the Chainlink ecosystem. Chainlink Data Feeds and Chainlink CCIP will be integrated on the Hedera testnet as part of the partnership to provide developers with the variety of services they need to create feature-rich dApps.

The organization that drives advancements and manages governance in the Hedera ecosystem, the HBAR Foundation, has partnered with Chainlink once more.

Chainlink Oracle services will be available to Hedera developers

As a result of the partnership, Chainlink CCIP and Chainlink Data Feeds have been integrated into the Hedera ecosystem, fostering an environment that allows developers to create feature-rich dApps. Chainlink Data Feeds are currently operational on the Hedera Testnet, and the collaboration has already begun.

Hedera developers will have access to Chainlink’s Oracle services as a result of the collaboration. Developers will have access to premium data aggregators through Chainlink Data Feeds. Hundreds of exchanges will provide the data, which will then be weighted by volume and filtered for wash trading and outliers.

Additionally, as part of the partnership, Hedera developers will have access to Chainlink node operators. Chainlink Data Feeds are managed at the oracle network, oracle node, and decentralized data source levels. An additional layer is provided by Chainlink’s data feeds’ decentralized structure.

According to the HBAR Foundation, the partnership will use Chainlink’s CCIP to advance interoperability. Developers will be able to transfer tokens, relay messages, or a combination of both simultaneously in a single cross-chain transaction thanks to Chainlink’s CCIP, which will generate programmable token transfers for HBAR.

What HBAR refers to as a plug-and-play token transfer solution will be introduced by the CCIP. Audited token pool contracts that can handle the intricacy of burning, locking, unlocking, and minting tokens across many chains will be the solution. Additionally, CCIP on Hedera will roll out gradually, adding more lanes, tokens, and features over time.

Elaine Song, VP of Strategy at The HBAR Foundation, stated that:

“Chainlink Data Feeds support the creation of high-quality retail and institutional DeFi apps, and CCIP’s secure cross-chain interoperability ensures they’ll be accessible to more people without sacrificing UX.”

–Elaine Song

Johann Eid, Chief Business Officer at Chainlink Labs, also offered his thoughts on the new partnership, saying that it will provide Hedera developers more access to Chainlink’s resources. In order to encourage widespread on-chain adoption, he continued, Hedera developers will now create safe, scalable, and feature-rich decentralized apps.

Since the Hedera Foundation announced in 2021 that Chainlink Labs had joined the Hedera Governing Council, Chainlink and HBAR have been working together. To promote symbiotic growth, the two ecosystems have since upgraded their networks on a number of occasions.

According to CoinMarketCap, Chainlink’s native asset LINK has increased by 5% during the past day. As of this writing, LINK is selling for $11.99 with a 24-hour trading volume of $265 million. The cost of Hedera has mostly not altered in the last 24 hours but is down 5% in the past seven days.