Today in crypto, Allianz, Germany's largest insurance company, has acquired 24.75% of MicroStrategy's $2.6 billion convertible note offering, highlighting increased institutional interest in Bitcoin. This investment covers various sub-organizations within Allianz and follows a significant market trend, as Solana has also reached a new all-time high, trading at $264.31 on Coinbase—an impressive recovery since the FTX collapse that previously drove prices down to nearly $10. Furthermore, SEC Chair Gary Gensler has announced his resignation effective January 20, 2025, coinciding with Donald Trump's return to the presidency. Gensler, known for his stringent policies on cryptocurrency regulation, expressed gratitude for his tenure. These developments underscore shifting dynamics within the crypto market and regulatory landscape.

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