ChainCatcher news, El Salvador's President Nayib Bukele posted an image themed around the meme concept CHILLGUY on X, leading to a short-term surge in the related meme token CHILL, which saw its market cap rise above 500 million dollars at one point. Currently, CHILL is priced at 0.454 dollars, with a 24H increase of 123.8%.

ChainCatcher message, currently El Salvador is still implementing the "daily accumulation of 1 BTC plan," and its Bitcoin holdings have reached 5,939.77 BTC, worth approximately 560 million USD.

ChainCatcher message, currently El Salvador is still implementing the "daily accumulation of 1 BTC plan," and its Bitcoin holdings have reached 5,939.77 BTC, worth approximately 560 million USD.

ChainCatcher news, according to Cointelegraph, the digital securities exchange Bitfinex Securities is conducting the first public offering of tokenized U.S. Treasury bills (T-bills) under the legal framework of El Salvador. As part of this issuance, the El Salvador-based digital asset issuer NexBridge Digital Financial Solutions will issue a new token with the trading code USTBL. This token aims to provide investors with an opportunity to invest in short-term U.S. Treasury bills denominated in U.S. dollars (USD).The initial offering by Bitfinex Securities aims to raise at least $30 million to continue the issuance of tokens, with the initial subscription period starting on November 19, 2024, and ending on November 29. According to Bitfinex Securities, this sale is the "first regulated" tokenized U.S. Treasury product based on Bitcoin technology. The new token will be issued on the Bitcoin Layer 2 network Liquid Network, and it is expected to provide an annualized yield to maturity of 5.02%. Proceeds from this issuance will be allocated to the iShares $ Treasury Bond 0-1yr UCITS ETF, which is a publicly listed ETF designed to track the investment results of an index composed of U.S. Treasury bonds denominated in U.S. dollars issued by the U.S. Department of the Treasury.

ChainCatcher news, according to Bloomberg, as Bitcoin rises and the results of the U.S. elections are announced, Salvadoran President Nayib Bukele has proposed to repurchase dollar bonds for the third time this year. According to a statement released on Tuesday, the government proposed to repurchase a series of notes maturing from 2027 to 2034. The total outstanding principal of these securities exceeds $2.5 billion.The statement did not specify how the transaction would be paid for. However, a knowledgeable source indicated that the debt repurchase depends on new financing, the details of which have not been disclosed as this information is not yet public. Data shows that since Trump won the U.S. presidential election last week, El Salvador's debt yield has reached 4.7%, outperforming all emerging market countries except Ukraine.Investors have long believed that Trump's second term would help Bukele gain support for International Monetary Fund loans. New York-based economist Katrina Butt stated, "The market sees El Salvador as a 'Trump deal,' with expectations that a closer personal relationship between Bukele and Trump will benefit El Salvador, and they are unlikely to have enough cash for such a repurchase, likely needing to enter the market for financing the transaction."

ChainCatcher news, according to The Bitcoin Office in El Salvador, El Salvador is still purchasing 1 BTC daily, with the current Bitcoin holdings reaching 5,929.7 BTC, and the current market value of its holdings is approximately 470 million USD.

ChainCatcher news, according to Bitcoin.com News, a public record obtained by the local media "El Mundo" shows that El Salvador's "Bitcoin Immigration" program does not match the number of visas issued as announced on official social media. The program aims to attract wealthy investors willing to donate $1 million in Bitcoin or USDT to reside in El Salvador, with a goal of issuing at least 1,000 passports and raising $1 billion.However, the immigration authority stated that no passports have been issued, which contradicts reports on social media that at least two families have obtained visas.

ChainCatcher news, Fox Business host stated: "El Salvador is now achieving the 'American Dream' through Bitcoin." El Salvador is a Bitcoin nation, and Bitcoin is legal tender.

ChainCatcher news, according to Bitcoin Magazine, Salvadoran President Nayib Bukele donated 2 bitcoins worth $133,000 to help Honduras raise funds to build 1,000 schools.

ChainCatcher news, according to Decrypt, based on a new survey from the Francisco Gavidia University in El Salvador, only 7.5% of respondents reported using cryptocurrency for transactions, while 92% admitted they do not use cryptocurrency, and only 1.3% believe that Bitcoin is the main direction for the country's future development. About 58% of respondents stated that they think the country is heading in the right direction, and the vast majority support President Bukele.The survey interviewed 1,224 Salvadorans aged 18 and over, covering various aspects from the economy to security. It is reported that El Salvador adopted Bitcoin as the country's legal tender in 2021.

ChainCatcher news, El Salvador President Nayib Bukele announced on the X platform that the country has accepted a debt buyback offer totaling approximately $940 million.It is reported that the El Salvador government previously proposed to buy back sovereign bonds maturing from 2027 to 2052 at a price slightly above market value or close to face value.Analysts believe that El Salvador's debt buyback could have a positive impact on the price of Bitcoin, enhance the country's ability to support Bitcoin investments, and position itself as a stronger advocate for cryptocurrency.

ChainCatcher news, the International Monetary Fund (IMF) recommends that El Salvador narrow the scope of its Bitcoin law and strengthen regulatory oversight in ongoing negotiations regarding a potential loan program.The organization expressed concerns about the potential risks associated with El Salvador's adoption of Bitcoin, which is a key issue in the negotiations for the country's new loan program aimed at creating a policy framework that helps enhance productivity and strengthen economic reforms.

ChainCatcher news, Salvadoran President Nayib Bukele met with Argentine Vice President Victoria Villarruel during his official visit to Argentina to discuss cryptocurrency and El Salvador's experience with Bitcoin.Argentine senators and government officials are very interested in Bitcoin. During his official visit to Argentina, Salvadoran President Nayib Bukele held meetings with a group of national senators and the Argentine Vice President to discuss the topic of cryptocurrency.Although the discussions were private, a video prior to the meeting showed Argentine Vice President Victoria Villarruel asking about El Salvador's experience in the Bitcoin field, as El Salvador has adopted Bitcoin as legal tender for several years.Villarruel stated, "I personally want to take a few minutes to talk to you about Bitcoin, which is something I am very interested in."Additionally, Villarruel expressed interest in the so-called volcano bonds, which have been on hold for several years. Bukele proposed these bonds as part of the financing plan for Bitcoin City, a Bitcoin-centric metropolis announced for construction in 2021, but has yet to be built.

ChainCatcher news, at a press conference, the International Monetary Fund (IMF) once again urged El Salvador to scale back its Bitcoin policy and comprehensively reform the regulatory framework surrounding digital assets.IMF Communications Director Julie Kozack did not specify the exact details behind the proposed regulatory adjustments, but provided the following statement: "What we are suggesting is to narrow the scope of the Bitcoin law, strengthen the regulatory framework and oversight of the Bitcoin ecosystem, and limit public sector exposure to Bitcoin."

ChainCatcher news, according to Bitcoin Magazine, the National Bitcoin Office of El Salvador stated that El Salvador is building a new capital market based on Bitcoin.

ChainCatcher news, according to the latest household remittance statistics report from the Central Reserve Bank of El Salvador, Salvadorans still prefer to use the US dollar as the basis for sending and receiving remittances. The report found that only 1.1% of remittances sent to El Salvador included cryptocurrency, indicating that the majority use other methods.The report confirms that since Salvadorans received $84.8 million in digital currency in 2022, the amount of cryptocurrency remittances has been declining. It dropped to $59.5 million in 2023 and is now projected to reach only $57.4 million by 2024.It is reported that the Salvadoran government is committed to incentivizing the use of cryptocurrency for payments and remittances, even funding the national crypto wallet Chivo and providing airdrops to citizens to familiarize them with Bitcoin.

ChainCatcher news, according to the Salvadoran Ministry of Foreign Affairs, the American coffee company Compass Coffee has completed the international procurement of Salvadoran coffee using Bitcoin. Jorge Cruz, the Salvadoran counterpart in this transaction, explained that he received the payment in less than 10 minutes, thus avoiding the need for intermediaries in such transactions.The transaction stems from a series of talks held in 2022 between the U.S. Department of State and Compass Coffee, aimed at seeking to introduce domestic coffee into the U.S. market and connecting producers and buyers from these countries.