MtGox claimants have found that the claims form has been updated to include fields for expected token recovery amounts, as well as displaying BCH and BTC codes. Community users believe that the updated form indicates that MtGox is at least moving towards Bitcoin payments in some way, rather than just focusing on fiat payments, but most users believe that there is no connection between the updated form and compensation payments.

Reddit, a popular social media platform, is launching an IPO despite being associated with losses compared to other social media giants. However, the IPO is oversubscribed by four to five times, potentially achieving a valuation of $6.5 billion. The company plans to offer 22 million shares in the range of $31-$34 per share, and with the attention and user trust, it is anticipated that Reddit will achieve its target price. Reddit has more than 72 million active users and hosts 100,000 subreddits, making it a unique platform.

According to market news on March 11th, Reddit applied for an IPO to issue 22 million shares with an expected price range of $31 to $34 per share. The stock code is RDDT. Reddit stated in its listing application submitted to the SEC that it holds a small amount of cryptocurrency on its balance sheet. Reddit stated that the company will invest some excess cash reserves in Bitcoin and Ethereum, and use Ethereum and Matic as payment methods for selling certain virtual goods, and may continue to do so in the future. As of December 31, 2023, Reddit declared that it does not hold any other digital assets for financial management purposes except for Bitcoin and Ethereum. Reddit also pointed out that because the amount of cryptocurrency held is not sufficient to be listed separately in financial statements, its related activities during the period presented are considered "insignificant".

Social media website Reddit stated in its listing application submitted to the SEC that it holds a small amount of cryptocurrency on its balance sheet. Reddit stated that the company invests part of its excess cash reserves in Bitcoin and Ethereum, and obtains Ethereum and Matic as payment forms by selling certain virtual goods, and may continue to do so in the future. As of December 31, 2023, Reddit declared that it does not hold any other digital assets for financial management purposes except for Bitcoin and Ethereum. Reddit also pointed out that because the amount of cryptocurrency held is not sufficient to be separately listed in financial statements, its related activities during the period presented are considered "insignificant." <br>

Social media company Reddit plans to reserve a portion of its IPO shares for its 75,000 most active users when it goes public next month, which is an unusual attempt in the stock market. According to insiders, the company plans to reserve a certain amount of stocks for these so-called "redditors", but the specific number has not yet been determined.

The social media platform Reddit plans to conduct an IPO in March.

u/CryptoMods from the r/CryptoCurrency community on Reddit stated that Reddit administrators have officially abandoned the Moons contract and burned the remaining 98,000 Moons.

On November 29th, according to Bloomberg, Reddit is in discussions with potential investors to prepare for a possible listing of the social media group. Sources familiar with the matter said that Reddit is considering an early initial public offering in the first quarter of next year.

The mod team of Reddit's r/CryptoCurrency subreddit plans to implement a hard cap on the supply of its native token, MOON. Reddit administrators will abandon the MOON token contract, which is expected to be completed by the end of this month. This will make it impossible to create new MOON tokens, resulting in "complete decentralization" of MOON after the contract is destroyed.<br>The moderators further clarify: "In fact, no one will control the contract, including Reddit or the mod team." All MOON stored in the community will be destroyed, reducing the total supply of MOON to over 83 million. Therefore, the token will no longer be inflationary, and if MOON is destroyed in the future, it will become deflationary.<br>The mod team stated that they will work with the community to develop future plans for MOON, including distributing the remaining MOON in the community wallet and deciding whether to destroy or distribute MOON from advertising banner rentals and AMAs conducted by the community. In addition, the mod team will continue to develop bots and use available APIs to enhance the utility of MOON.

Reddit r/CryptoCurrency community, which has 6.9 million users, announced on Tuesday that it had decided to end its "community points" program. Minutes before the announcement, the community fired the moderator of the r/CryptoCurrency sub-forum's native token MOON. r/CryptoCurrency posted on the X platform: "All moderators who sold MOON before the announcement have been removed from the team." It is reported that the relevant moderators were informed one hour in advance of Reddit's decision. Insider trading has angered many investors, with some calling for regulatory action against the moderators, while others have questioned Reddit's decision to notify the moderators in advance. (CoinDesk) Previously, Reddit announced that it would shut down its blockchain-based community points program on November 8. Reddit said that although the program presented some opportunities, the resources required to invest were too great to continue. In addition, changes in the regulatory environment have exacerbated this dilemma. The team has launched or is actively developing some easier-to-adopt products.