WAO ART #396

El Salvador's President Nayib Bukele revealed that the country's Bitcoin treasury is larger than previously thought. The administration moved a significant amount of Bitcoin into a cold wallet and plans to lock it away in a vault. The wallet contained 5,689 Bitcoin.

Ethena is a synthetic dollar protocol built on Ethereum. It offers a crypto-native solution with its synthetic dollar, USDe. Ethena also introduces an innovative financial instrument called the 'Internet Bond'. It aims to revolutionize digital finance by bypassing traditional banking systems.

The Paris Club has agreed to cancel over $2 billion debt owed by Somalia. This debt relief will help Somalia restore its debt sustainability. Somalia has committed to seeking similar treatment from all its other official bilateral and external commercial creditors.

Bank of Ireland criticizes social media giants for not taking action against fake online news stories. Fraudsters are using these stories to deceive and scam people. Bank of Ireland expresses concern over the impact on customers' trust and financial security.

JPMorgan warns that MicroStrategy's large-scale acquisition of Bitcoin using borrowed funds could worsen the impact of a market downturn. MicroStrategy has purchased $821 million worth of Bitcoin this year, financed by the sale of $1.2 billion in senior convertible notes.

Australia Post is investing $50 million in a new parcel facility at Brisbane Airport. The facility, called StarTrack Premium, will be the second largest sorting facility in Queensland. It is expected to open in early 2026 and will be 33,600 sqm in size.

Hong Kong's Securities and Futures Commission has classified Bybit as a "suspicious" crypto trading platform. Bybit, despite applying for a crypto exchange license, has been included in the SFC's list of suspicious platforms. The regulator warns the public about the risks associated with Bybit.