Good Morning Crypto Enthusiasts!

Glad to have you back for another edition of the UseTheBitcoin.com newsletter.

1. XRP Reclaims Top 3 Spot: XRP surges back to the third-largest cryptocurrency by market cap, driven by Ripple's legal wins and renewed market optimism. Its price skyrocketed to $2.35, sparking speculation about a potential challenge to Ethereum.

2. DMM Bitcoin Shuts After Hack: Japanese exchange DMM Bitcoin is set to close after a $320 million hack linked to Lazarus Group. Its collapse underscores the need for stronger crypto security measures.

3. 💡Feature of the Day - Saylor Pitches Bitcoin to Microsoft: Michael Saylor proposes Microsoft invest $100B annually in Bitcoin, claiming it could add $5T to its value. He calls Bitcoin the next tech revolution.

   
   All this and more in today’s headlines!

📰 News Highlights:

XRP Reclaims Top 3 Spot [Source][Source][Source]

After four years, XRP is back as the third-largest cryptocurrency by market cap, fueled by Ripple's legal victories against the SEC and renewed market optimism.

This marks a historic rebound from its 2020 drop, when the SEC lawsuit wiped out billions of its value. XRP’s price skyrocketed by 341% in November alone, now trading at $2.35.

The surge is drawing attention globally, with Google searches for "XRP" surpassing broader crypto searches in November.

Japanese Exchange Shuts Down After Hack [Source][Source][Source]

DMM Bitcoin, one of Japan’s major crypto exchanges, is set to liquidate after failing to recover from a $320 million hack in May.

The exchange will transfer customer assets to SBI VC Trade by March 2025.

Despite initial assurances to compensate users, DMM’s operations dwindled due to financial strain and rising market competition.

The hack, linked to the notorious Lazarus Group, marked one of the largest crypto heists in Asia.

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💡 Feature of the Day: 

Saylor Pitches Bitcoin to Microsoft [Source][Source][Source]

Michael Saylor, chair of MicroStrategy, pitched Microsoft a bold idea: invest $100 billion annually in Bitcoin to add up to $5 trillion to its market value.

In a rapid-fire, 44-slide presentation, Saylor outlined how Bitcoin could significantly boost Microsoft’s stock price, surpassing traditional investment strategies like stock buybacks or bonds.

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😂 Crypto Meme of the Day: 

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And that’s it for this today.

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See you all tomorrow’s edition!

Jonathan Gibson
UseTheBitcoin.com