Category: crypto

South Korean prosecutors are investigating the disappearance of around $48 million in seized Bitcoin due to a suspected phishing attack. Approximately 70 billion won in Bitcoin was found missing during an audit of confiscated assets. The case highlights custody risks faced by law enforcement agencies worldwide that hold large amounts of seized cryptocurrency.

Senate Republicans are moving forward with their crypto market structure bill after talks with Democrats failed. The bill closely mirrors the House’s bipartisan Clarity Act, protecting noncustodial developers and classifying meme coins as digital commodities. The Senate Agriculture Committee will vote on the bill next Tuesday, potentially passing on party lines.

Bitwise has launched an actively managed ETF, the Bitwise Proficio Currency Debasement ETF, that combines Bitcoin with gold and other hard assets to hedge against currency debasement. The fund dynamically adjusts exposure to assets expected to maintain value as fiat currencies weaken. It saw steady early activity and aims to provide capital appreciation for investors.

Ondo Finance has launched tokenized exposure to BitGo stock on the day of its IPO, offering on-chain access through Ondo Global Markets. The move expands access to a newly listed U.S. stock on multiple blockchains. BitGo went public with a valuation of over $2.08 billion, with strong investor demand reflecting the growing interest in crypto…

Binance is offering a $40 million WLFI airdrop campaign for users holding USD1 on the exchange. The rewards will be distributed weekly over four weeks based on balances in Spot, Margin, and Futures accounts. Users must meet eligibility requirements to participate in the program, with rewards calculated based on net USD1 balances.

Kingsport City Board of Mayor and Aldermen has approved zoning changes to allow cryptocurrency mining companies and data centers to operate under specific noise and location standards. This comes amid backlash against mining operations in other US states. The ordinance requires a second vote before becoming law, with an emphasis on noise regulation due to…

YZi Labs, backed by Changpeng Zhao, invested in BitGo as the crypto custodian debuted on the NYSE. BitGo offers secure crypto services to institutional clients worldwide and raised $212.8 million in its IPO. YZi Labs believes in the importance of regulated crypto infrastructure as institutional capital moves into digital assets.

Bitdeer has surpassed MARA in total hashrate through its self-mining and hosted capacity, reaching 71 EH/s in December 2025. SEALMINER chips reduced energy use to 6-7 J/TH and increased BTC output to 636 in December. Bitdeer is selling mined BTC to fund AI data centers, while MARA holds over 55,000 BTC.

BitGo made its debut on the NYSE in 2026, raising $213 million at a $2.08 billion valuation. The custodian focuses on institutional wallet, staking, and infrastructure fees to reduce dependence on token prices. Investors compare BitGo’s fee-based model to Circle’s USDC interest-driven revenue amid stablecoin volatility.

Bitcoin and Ethereum are facing a $2.3 billion options expiry today, marking the first major derivatives settlement of 2026. This will test whether the new options-heavy market structure can handle hedging flows without causing high volatility. The market is leaning towards structured hedging, potentially reducing volatility post-expiry.