Terra Classic Community Votes to Stop USTC Minting; How Much Bitcoin Has Michael Saylor's MicroStrategy Purchased?

Microstrategy picks up more Bitcoin and another hit for Terra Us. D You're watching Coindesk Daily. I'm your host, Jen Senai. All right, let's take a look at the markets. The coin desk, Bitcoin price XPX index is currently trading down around $26,000. Meanwhile, software developer micro strategy purchased nearly $150 million worth of Bitcoin. It happened between August 1st and this past Sunday. According to a new regulatory filing last month, Microstrategy said it may raise up to $750 million by selling more stock and plans to use some of the proceeds to buy more Bitcoin. The Terra Classic protocol will no longer mint Terra USDA. Community vote ended last week with 59% approval to stop all us TC. Minting Terra is the infamous token that slumped 99% amid the implosion of the once high flying terror protocol. In 2022. The current value of us TC is one cent as of Monday, Mixon network has confirmed it has been hacked, losing nearly $200 million. It's a protocol designed to address Blockchain scalability issues at the expense of having a centralized database which creates a single point of failure. Mixon says deposit and withdrawal services have been temporarily suspended. Hong Kong securities watchdog is going to publish a list of crypto exchange license applicants. In the wake of the J Pex probe last week. Authorities in Hong Kong arrested six people after an investigation into the crypto exchange. The Securities and Futures Commission said it has been operating without a license. That's a wrap for Coindesk daily. Get more updates on coindesk dot com and we'll see you next time.