Category: crypto

Bitwise CIO Matthew Hougan believes investors are still early in Bitcoin until it reaches $500,000. He highlights the $100,000 mark as a potential milestone. Bitcoin’s recent all-time high of $93,523.65 and growing acceptance as a store of value compared to gold indicate its potential for institutional adoption and reaching $500,000.

BlackRock’s BUIDL fund has expanded to multiple blockchain networks, offering new features such as on-chain yield and real-time transfers. The fund, primarily investing in US Treasuries, aims to strengthen tokenization efforts. BNY Mellon supports this expansion. BUIDL became the largest tokenized fund in less than 40 days after launch on Ethereum.

The FBI seized Polymarket CEO Shayne Coplan’s phone and electronics, allegedly accusing the company of market manipulation and rigging polls in favor of Trump. The seizure was seen as politically motivated, possibly as retribution for accurately predicting the 2024 election outcome. Polymarket’s predictions were praised for their accuracy.

Robinhood has reintroduced support for SOL and ADA, along with XRP and PEPE, for US investors after being delisted due to regulatory concerns over a year ago. This move expands the platform’s offerings for users interested in investing in these cryptocurrencies.

Hashkey Group CEO Xiao Feng believes a pro-crypto Trump administration could influence China to relax its stance on Bitcoin and other digital assets. Feng suggests that clear US regulations could push China to reconsider its approach. He also sees potential for China to open up to regulated stablecoins for cross-border trade.

Binance has experienced a billion-dollar inflow following the recent US elections, with $7 billion in inflows since the election. This surge has led to a rise in assets held on the platform, reaching $140 billion. Binance’s reserve percentage has also increased, with potential to challenge Coinbase for the top spot in exchange reserves. CEO Richard…

US President-elect Donald Trump has appointed Elon Musk and Vivek Ramaswamy to lead a new initiative called the Department of Government Efficiency (DOGE) to reduce government inefficiencies and streamline spending. The department aims to significantly reduce waste in the government’s budget and will operate independently but collaborate with the White House. Musk and Ramaswamy, both…

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South Korean police arrested 12 suspects, including a popular YouTuber, for a $231 million crypto fraud affecting 15,000 investors. The YouTuber orchestrated the scheme, luring investors with promises of high returns. Only six of the 28 virtual assets sold were created by the group, with the rest having low value. Police are pursuing asset recovery.

The US Department of Justice filed a civil forfeiture complaint to seize $16 million in assets from a Binance account linked to an FTX bribery case. Former FTX CEO Sam Bankman-Fried allegedly approved a $40 million bribe to Chinese officials to unfreeze accounts. Recovery efforts for over $3 billion in assets have been initiated.