✅ Bitcoin had two attempts to return to the $100k level in the past week but both were unsuccessful, with net outflows from spot BTC ETFs sending the price down to $94k 📉
Weekly news digest:
💎 Crypto
🔸 In 2024, nearly $15 billion was distributed through crypto airdrops
🔸 North Korean hackers stole $1,3 billion worth of crypto this year alone
🔸 MicroStrategy calls shareholders meeting to fund more Bitcoin purchases
🔸 Cancer lab to receive over $1 million in donations after charity memecoin MIRA was launched
🔸 Solana DEX aggregator Jupiter has announced details of the second JUP airdrop
🏦 Crypto Exchanges
🔸 MoonPay is looking to acquire Helio Pay for around $150 million
🔸 Coinbase report says crypto stablecoins could grow to $3 trillion over the next five years
🔸 FTX Digital Markets co-CEO Ryan Salame’s prison sentence was reduced by one year
💵 Finances and Economy
🔸 Scandinavian countries disclose tax records and addresses of crypto holders, providing criminals with a list of potential targets
🔸 Russia says it is using Bitcoin for international payments
🔸 Stablecoin issuer Tether made its first crypto venture capital fund investment into Arcanum Capital
🔸 Strive, an asset manager founded by Vivek Ramaswamy, has filed SEC for ‘Bitcoin Bond’ ETF
⚖️ Law and Order
🔸 IRS says crypto staking is taxable
🔸 The new IRS rules classifying DEXs as brokers
🔸 South Korea sanctioned 15 North Korean IT organization members for crypto heists and cyber theft
🔸 Russia announced a 6-year ban on crypto mining in 10 regions, citing energy shortages
🔸 Terra Luna Founder Do Kwon to be extradited to the United States (this time for sure)
🔸 Texas Department of Banking has granted MoonPay a Money Transmitter License
🗣 Personalities
🔸 Robinhood CEO says no plans to invest in bitcoin
🔸 Putin claims he wants to end war in Ukraine
