Hong Kong Lawmaker Proposes Adding Bitcoin to Fiscal Reserves for Financial Growth
A member of Hong Kong's legislative council, Wu Jiexhuang, has proposed including Bitcoin (BTC) in the region’s fiscal reserves. He believes this move could boost financial security, stimulate the local cryptocurrency industry, and attract more investment.
Jiexhuang suggested that Hong Kong allocate part of its foreign exchange funds to acquire and hold BTC for the long term. He argued that incorporating BTC as a reserve asset could enhance Hong Kong's role as a global financial hub and increas
MicroStrategy Buys $209M in Bitcoin Before Year-End
MicroStrategy has continued its aggressive Bitcoin acquisition strategy, purchasing 2,138 BTC for $209 million on December 30. Despite ongoing market uncertainty, the company remains firm in its long-term Bitcoin vision, with Michael Saylor hinting at more purchases in 2025 rather than a pause.
According to an SEC filing, MicroStrategy acquired Bitcoin at an average price of $97,837 per BTC. This marks the firm’s fifth purchase in December and the eighth consecutive week of acquisitions. The mo
BlackRock's Bitcoin ETF Becomes Fastest-Growing in History
BlackRock’s IBIT Bitcoin ETF has achieved record-breaking growth, surpassing long-standing ETFs in both speed and total assets under management. With over $425 million in options trading on its first day, IBIT has set an unmatched benchmark for market demand. Boasting an expense ratio of 0.25%, it is projected to generate $112 million annually, further cementing its financial strength.
Since its launch in early 2024, following SEC approval, IBIT has rapidly climbed to become one of the most suc
Grayscale Predicts Smart Contracts to Lead Crypto Market in 2025
Grayscale Research forecasts that smart contract platforms will drive the crypto market in Q1 2025, with competitors like Solana, Sui, and TON gaining market share. Despite Ethereum’s achievements, including ETF approval and significant software upgrades, it underperformed against its faster, more agile competitors.
The report highlights the growing momentum of tokenization, DePin (Decentralized Physical Infrastructure Networks), and scaling solutions, marking them as critical sectors for growt
Blockchain Bandit Returns, Moves $172 Million in Ethereum After 5 Years
The infamous “Blockchain Bandit” has resurfaced after over five years of silence, transferring 51,000 ETH, worth $172 million, from 10 previously inactive wallets into a multi-signature wallet. The funds, untouched since 2018, have sparked concern among experts who speculate the move could signal intentions to liquidate, launder, or fund new cyber exploits.
Blockchain investigator ZachXBT revealed that all the addresses involved in the transfer were last active in 2018. For newer crypto enthusi
MoonPay Gets MiCA Approval, Plans Big EU Expansion in 2025
MoonPay has achieved a significant milestone by securing MiCA approval, granting it the ability to operate seamlessly across the European Union under a unified regulatory framework. Issued by the Dutch financial regulator AFM, this license positions MoonPay among the first companies to gain MiCA compliance, marking a major step for the integration of cryptocurrency into the broader financial system.
The Markets in Crypto Assets (MiCA) regulation officially takes effect today, offering a standar
David Sacks Named Crypto Czar: What It Means for US Policy
Donald Trump’s appointment of David Sacks as the US cryptocurrency czar has sparked discussions about potential changes in regulations and their impact on the digital assets sector. Sacks, a seasoned tech entrepreneur and investor with experience as PayPal's founding COO and Yammer's founder, is expected to bring clarity and direction to US cryptocurrency policies.
The crypto industry views Sacks’ appointment with optimism. Experts like Ryan Chow from Solv Protocol believe he will advocate for
The possibility of the United States adopting Bitcoin as a financial reserve remains highly uncertain, with prediction markets showing fading confidence. Experts highlight political and economic challenges, while skeptics doubt its feasibility under Donald Trump’s administration. Despite growing support from advocates, significant hurdles stand in the way of Bitcoin becoming part of the US financial strategy.
Prediction platforms offer contrasting views on this issue. On Polymarket, users curre
Michael Saylor Hints at New MicroStrategy Bitcoin Purchase, Sparking Speculation
Michael Saylor, co-founder of MicroStrategy, has once again sparked speculation about the company’s next Bitcoin acquisition, marking the eighth consecutive week of such hints. On December 28, Saylor posted a cryptic message on social media platform X, referencing “disconcerting blue lines” on the SaylorTracker portfolio, which monitors MicroStrategy's Bitcoin transactions. His vague comment has fueled expectations of another significant Bitcoin purchase on the horizon.
Black Swan Events: How Unpredictable Crises Could Shake Crypto in 2025
The crypto market faces growing fears about “black swan events” in 2025, unpredictable crises with massive consequences that could shake investor confidence and erase billions in value. These rare events, popularized by Nassim Nicholas Taleb, are nearly impossible to predict, have catastrophic effects, and are often only understood in hindsight. The crypto industry has already faced several such crises, serving as lessons and warnings for the future.
Hackers have found a new way to scam crypto professionals on LinkedIn by pretending to be recruiters from well-known companies and spreading malware that drains victims’ wallets. These cybercriminals use legitimate tools, such as video interview platforms, and provide convincing job materials to build trust.
Despite LinkedIn’s efforts to remove millions of fake profiles, the platform struggles to stop these advanced scams. The increasing sophistication of such attacks remains a major concern fo
Altcoins: Pros, Cons, and Their Role in Crypto's Future
Altcoins refer to all cryptocurrencies other than Bitcoin, though some include Ethereum in this category due to its dominance in the market. These digital assets aim to address the perceived limitations of Bitcoin and offer unique solutions for scalability, speed, and use cases. Many altcoins are built on forks of Bitcoin or Ethereum, while others are developed independently with specific purposes in mind. The diversity among altcoins has led to a wide range of applications, from payments and go
Charles Hoskinson Pushes for Community Control in Cardano Governance Shake-Up
Charles Hoskinson, the founder of Cardano, has openly criticized the governance structure of the Cardano Foundation, arguing it does not adequately involve the community. He is pushing for a significant change to a membership-based organization (MBO) to address ongoing challenges within the ecosystem.
Hoskinson’s main issue with the foundation is its non-membership governance model, which he claims undermines community participation and oversight. This lack of community involvement, according t
Three major crypto advocacy groups—the Blockchain Association, DeFi Education Fund, and Texas Blockchain Council—have filed a lawsuit against the IRS over its new regulations targeting decentralized finance (DeFi) platforms. These groups argue that the IRS has exceeded its legal authority by categorizing DeFi platforms as brokers, sparking backlash across the crypto sector.
The IRS recently expanded the definition of "broker" to include decentralized exchanges and front-end platforms, requiring
Will Sam Bankman-Fried Get a Presidential Pardon from Biden?
Speculation is growing around Sam Bankman-Fried potentially receiving a presidential pardon following his conviction for fraud and money laundering. The former FTX founder, sentenced to 25 years in prison, has become the center of heated debates due to his substantial political donations and the leniency of his sentence compared to the scale of his crimes.
In 2020, when FTX was at its peak, Bankman-Fried donated $5.2 million to pro-Biden super PACs, becoming the second-largest individual donor
Vivek Ramaswamy’s Strive Files for Bitcoin Bond ETF with SEC
Strive, the asset management firm founded by Vivek Ramaswamy, has filed an application with the SEC to launch a Bitcoin Bond ETF. The proposed ETF aims to invest in convertible bonds issued by companies like MicroStrategy, which use the funds raised from these bonds to purchase Bitcoin. The filing, submitted on December 26, outlines Strive's strategy to actively manage the ETF using direct investments in these bonds or financial tools like swaps and options.
Ethereum co-founder Vitalik Buterin has donated 88 ETH to adopt Moo Deng, a pygmy hippo that became an internet sensation. The contribution, valued at approximately $292,000, was made to Thailand's Khao Kheow Open Zoo, where the beloved animal resides.
Moo Deng gained worldwide fame after her photos went viral on social media when she was just two months old. Shared on the zoo’s official Facebook page, the images sparked massive interest, doubling the zoo’s daily visitors in September 2024. The
$18 Billion in Bitcoin & Ethereum Options Expire Today: Market Braces for Big Moves
Today marks a historic moment for the cryptocurrency market, with $18 billion worth of Bitcoin and Ethereum options contracts set to expire, the largest expiry ever recorded. This development could lead to unexpected volatility and significant opportunities for traders and investors.
For Bitcoin, the total value of expiring options has reached approximately $14.38 billion, while Ethereum’s options account for about $3.7 billion. The volume of contracts expiring today is striking—88,537 Bitcoin
SEC May Shift Approach to Crypto Under New Leadership
The SEC is set for significant changes next year as it operates with fewer commissioners until the Senate approves President-elect Donald Trump’s nominees. Current Republican commissioners Hester Peirce and Mark Uyeda will be the only ones remaining after SEC Chair Gary Gensler steps down. This shift could signal a change in the agency's approach to the crypto industry, according to Peirce.
Speaking at the Blockchain Association Policy Summit, Peirce emphasized that the SEC has various tools at
Do Kwon Faces Likely Extradition to the US After Appeal Rejected
Montenegro's Constitutional Court has denied Do Kwon's appeal against extradition, removing a key obstacle in his case. The court unanimously rejected his claims, citing legal shortcomings in his arguments and supporting a prior ruling favoring extradition.
The final decision now rests with Montenegro’s justice minister, who will determine whether Kwon will be extradited to the United States or South Korea. Reports suggest extradition to the US is more likely, reflecting the justice ministry’s