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    Crypto.com Ambitious Move To "Unburn" 70 Billion CRO: What You Should Know

    Crypto.com is stirring up the community with its controversial proposal to “unburn” 70 billion CRO tokens that were removed from circulation back in 2021. However, the plan is facing significant resistance from CRO holders, raising concerns about a potential drop in token prices.
    The cryptocurrency world is no stranger to heated debates sparked by bold proposals, reminiscent of the divides seen with Bitcoin and Bitcoin Cash. While the evolution of technology has lessened the risk of hard forks, disagreements still persist. This week, Crypto.com finds itself in the spotlight as it suggests a radical plan to reinstate 70 billion CRO, previously burned, back into circulation.
    During what has been dubbed the “Golden Age” of CRO, its value skyrocketed by over 500%, reaching nearly $1. Recently, however, the token has been in decline as competition grows and investors chase after the next promising meme coin on platforms like Solana.
    Crypto.com’s “Unburning” Strategy
    In February 2021, Crypto.com took a significant step by burning 70 billion CRO tokens, which reduced the total supply from 100 billion to just 30 billion. This move was ahead of similar supply reduction strategies implemented by Ethereum, BNB Chain, and Tron, all working to decrease their circulating supplies over time.
    The rationale behind this action was to foster scarcity, mirroring the economic model of Bitcoin. With fewer CRO tokens available and steady demand, prices surged from approximately $0.06 to over $0.95 by November 2021. This spike coincided with extensive marketing campaigns, including Crypto.com securing naming rights to a prominent stadium, and was further bolstered by the DeFi boom that saw CRO's market capitalization rise above $24 billion. Unfortunately, the downturn in crypto prices and the waning of DeFi enthusiasm caused CRO to crash in 2022.
    To address this decline and explore new opportunities for growth, Crypto.com introduced the SIMD-0036 proposal on March 3, 2025. This plan aims to “reverse” the decision made in 2021, by creating a “Cronos Strategic Reserve” that will allow 70 billion CRO to be reissued over the next ten years, effectively restoring the original supply.
    Tokens will be distributed gradually, mainly rewarding validators who secure and confirm transactions on the mainnet. Additionally, there is a proposal for a $5 billion fund to support AI development, stimulate ecosystem growth, and pursue spot CRO ETFs.
     
     
    Community Response and Concerns Over CRO Pricing
    While Crypto.com defends its proposal as a tactical reallocation rather than a new issuance of tokens, the community is not on board, leading to notable pushback. Early data from Mintscan indicates that nearly 60% of CRO holders may support SIMD-0036, with voting open until March 17. If these trends remain consistent, the proposal stands a good chance of passing.
    However, many users on social media are labeling the initiative as “dodgy,” arguing that it undermines the scarcity that previously propelled CRO’s price to $1 in 2021. The unrest among the community is reflected in CRO’s fluctuating value.
    Following a brief increase to $0.10 on March 3, driven by President Donald Trump’s announcement regarding crypto reserves, CRO has since dropped back down. Currently, it’s trading at approximately $0.072, and if this trend persists, the token could potentially dip below $0.068, hitting multi-year lows as part of a bearish trend.
     

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    At present, bearish sentiment has erased the gains made in Q4 of 2024, pushing prices to their lowest points in 2025. If resistance is encountered on March 17, it might stabilize CRO and possibly lead to a rebound toward February highs. Conversely, if the proposal goes ahead, it could trigger a significant sell-off as holders react to fears of dilution.
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    Crypto.com Unveils Ambitious Roadmap: Launching CRO ETF & New Stablecoin

    Crypto.com has announced exciting plans to roll out an exchange-traded fund (ETF) focusing on its native token, Cronos (CRO), while simultaneously looking to introduce its very own stablecoin.
    In its strategic blueprint for 2025, Crypto.com has prioritized the creation of the Cronos ETF for this year, with expectations to launch the stablecoin by the third quarter. The CRO token is projected to debut in the fourth quarter.
    While detailed information regarding the ETF is still limited, a regulated Cronos ETF could significantly enhance the credibility of the CRO token, allowing investors to engage with it without the need to hold the asset directly.
    As part of its growth strategy, Crypto.com is poised to broaden its offerings considerably. In the first quarter, the platform plans to start listing stocks, stock options, and ETFs.
    Furthermore, the company is set to unveil innovative banking features, including personal multicurrency accounts and cash savings accounts.
    Although specific details about the forthcoming stablecoin remain under wraps, a representative from Crypto.com emphasized that this initiative aligns with a larger goal to “[enhance] all aspects of user experience,” which includes providing “the most extensive range of financial investment services.”
    “We have already achieved five of the six planned products outlined in our Q1 roadmap, and in addition, we launched our institutional custody services ahead of schedule,” the representative noted.
    In related news, Tether Holdings, a prominent stablecoin issuer, has recently come under scrutiny during the confirmation hearings of Donald Trump's nominee for the Commerce Department. Tether has reported record profits of $13 billion, positioning it to rival leading Wall Street investment banks.
    With last year's profits hitting $13 billion on sales of $53.5 billion, Tether’s financial potential could rival that of major firms like Goldman Sachs Group, which reported a net income of $14.3 billion in 2024.
    Additionally, David Sacks, recently appointed as the White House AI and cryptocurrency advisor, stated that a well-regulated stablecoin market could lead to a surge in demand for the U.S. dollar, potentially lowering long-term interest rates by reinforcing its standing in the realm of digital finance.
    "This sector has already begun to thrive, primarily offshore. Our aim is to bring that innovation onshore and implement legislation to facilitate the issuance of stablecoins in the United States," Sacks explained.
    "The influence of stablecoins could amplify the dollar's international dominance, extend its digital presence, and generate potentially trillions of dollars in new demand for U.S. Treasuries. This would not only support our national debt but also assist in reducing long-term interest rates."
    Recently, Crypto.com secured a comprehensive Markets in Crypto Assets (MiCA) license to operate within the European Union. This accreditation enables Crypto.com to provide its wide-ranging crypto services across the European Economic Area (EEA) under a reinforced regulatory framework, thereby enhancing transparency in the sector.
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    Montana Man Convicted In $2.5 Million Cryptocurrency Laundering Scheme

    In light of increasing digital scams, the conviction of a Montana resident shines a light on the darker aspects of cryptocurrency. This case emphasizes the tension between the promise of decentralized finance and the critical need for better regulatory frameworks.
    Key Insights:
    A Montana man was found guilty of orchestrating the laundering of illicit funds through digital currencies tied to romance and other scams. This ruling showcases the growing capabilities of law enforcement while also revealing ongoing difficulties in tracking cryptocurrency-related fraud. The situation raises crucial questions about maintaining the decentralized nature of crypto while requiring greater transparency. Randall Rule, a Montanan, was convicted on February 26, 2025, on charges including conspiracy and money laundering related to fraud schemes that siphoned nearly $2.5 million from victims, according to a press release from the U.S. Attorney's Office dated February 27.
    Rule was indicted alongside Gregory Nysewander from South Carolina in November 2022 and was found guilty by U.S. Judge Jeremy D. Kernodle. The verdict came just three days after the jury began its deliberations on Rule’s role in the elaborate scam.
    “We will not remain passive while our citizens fall prey to financial crimes and have their life savings robbed,” stated Acting U.S. Attorney McGlothin. “We will actively pursue cases against those who perpetrate scams and those who facilitate them through laundering criminal proceeds.”
    Randall Rule’s Involvement in Crypto Money Laundering
    The indictment alleges that Rule and Nysewander collaborated with several unnamed associates to launder money derived from wire and mail fraud schemes using digital assets.
    “The defendants transformed funds from romance scams, business email compromises, real estate scams, and other fraudulent activities into cryptocurrencies, subsequently transferring the cryptocurrencies to accounts controlled by both foreign and domestic accomplices,” the press release highlighted.
    To obscure the origins of the illicit funds, Rule, Nysewander, and their unidentified partners instructed victims and their accomplices to label wire transfers as “advertising” or “loan repayments.”
    “The defendants also made false claims and concealed significant information while completing account opening documents and when communicating with financial institutions and cryptocurrency exchanges,” the U.S. Attorney’s Office added.
    Both defendants faced multiple charges, including conspiracy to commit money laundering, money laundering itself, and conspiring to violate the Bank Secrecy Act (BSA). Rule could face a maximum of 20 years in prison for each money laundering charge, along with up to five years for the conspiracy charge related to the BSA.
    Justice Achieved, Yet Challenges Remain
    The conviction of Randall Rule delivers justice to victims of these scams but does not signify the end of cryptocurrency-related financial misconduct.
    This ruling highlights both the successes and constraints of law enforcement in tackling the increasingly intricate digital fraud landscape. The crypto sector must find a way to balance dreams of decentralization with the urgent need for clearer accountability.
    Investors and policymakers are left with a fundamental question: How can transparency coexist with the ideals of privacy and freedom that cryptocurrencies promote? Resolving this dilemma will determine the trajectory of the industry.
    Frequently Asked Questions (FAQs)
    How might this case influence future cryptocurrency regulations?
    This case could prompt regulators to enhance oversight of cryptocurrency, leading to stricter rules on asset transparency and secure transfer protocols. This change aims to harmonize innovation with effective risk management.
    How are law enforcement agencies responding to the challenges posed by crypto fraud?
    Agencies are improving their technological capabilities, building international partnerships, and refining digital tracing methodologies. Their evolving approaches reflect a growing commitment to combat complex cryptocurrency scams.
    What should investors keep in mind when dealing with digital assets in light of these fraud cases?
    Investors should prioritize security by thoroughly evaluating platform credibility, understanding the volatility of cryptocurrencies, and staying informed about regulatory changes. Diligence and careful analysis remain essential in an ever-shifting market.
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    Trump's Vision for a U.S. Crypto Reserve Featuring XRP, SOL, & ADA

    In a recent post on Truth Social, former U.S. President Donald Trump articulated his ambition to position the United States as a frontrunner in the digital asset arena. He highlighted the establishment of a proposed Crypto Strategic Reserve that would incorporate prominent cryptocurrencies such as XRP, Solana (SOL), and Cardano (ADA).
    Trump emphasized that a U.S. Crypto Reserve would strengthen this vital sector after facing numerous attacks from the current administration, stating, "My Executive Order on Digital Assets directed the Presidential Working Group to advance a Crypto Strategic Reserve inclusive of XRP, SOL, and ADA. I will ensure the U.S. becomes the Crypto Capital of the World. We are MAKING AMERICA GREAT AGAIN!"
    In a subsequent statement, he affirmed, "Of course, BTC and ETH, as other significant cryptocurrencies, will also play a central role in the Reserve. I have a great appreciation for Bitcoin and Ethereum!"
     

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    Truth Social and Trump's Stance on Cryptocurrency
    Truth Social, which serves as Trump's main platform for communication, has become an essential tool for relaying his policy views. Launched by Trump Media & Technology Group, the platform aims to provide an alternative to what Trump perceives as censorship from major tech companies. It has garnered a substantial following, particularly among his supporters.
    Over time, Trump's perspective on cryptocurrency has shifted positively. Recently, he has adopted a more supportive stance, aligning himself more closely with the digital asset ecosystem. His latest comments indicate a strategic integration of cryptocurrencies into his pro-business platform as he approaches the 2024 election cycle.
    By advocating for a U.S. Crypto Reserve, Trump underscores his endorsement of digital assets as a crucial component of national economic strategy. His decision to include XRP, SOL, and ADA—together with Bitcoin and Ethereum—marks a significant move toward wider crypto adoption, potentially influencing regulatory frameworks that encourage innovation and investment in the sector.
    Donald Trump Jr. and the DeFi Revolution at ETHDenver
    In related news, Donald Trump Jr. participated in a virtual appearance at DeFi World on Wednesday, sharing insights about World Liberty Finance's vision and mission.
    During his address, he illustrated a future where decentralized finance (DeFi) merges seamlessly with traditional finance (TradFi), fostering a unified system that democratizes accessibility to liquidity for everyone.
    If you’re considering investing in Bitcoin and other cryptocurrencies, be sure to check out our review of #Best Wallet#—a leading option that requires no KYC (Know Your Customer) verification.
    By providing a clear and comprehensive overview of Trump's recent statements and the shifting landscape in the cryptocurrency arena, this article reflects a significant moment in the intersection of politics and digital finance.
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    Ukraine's Exploration Of A 5-10% Crypto Tax To Strengthen Its Budget

    As Ukraine navigates the complexities of an evolving financial environment, it is considering a new framework for taxing digital assets. This initiative aims to enhance the country’s security and build economic resilience against persistent challenges.
    Summary of Key Points:
    Ukrainian authorities are evaluating a regulated tax approach for digital asset earnings to fund state initiatives. This initiative represents a strategic combination of economic innovation and improved defense financing. The ongoing discussions highlight the difficulties of balancing investor interests with strict regulatory measures. Recent reports indicate that Ukrainian legislators are in the process of drafting a bill that will legalize and impose a 5-10% tax on cryptocurrency gains by mid-2025. The goal is to secure revenue for Ukraine's state budget and military amidst the ongoing conflict with Russia. Although the precise tax rates are still under consideration, officials have reiterated the importance of taxing all income sources, including those derived from cryptocurrencies.
    The initial reading of the proposed bill is anticipated by the end of March 2025, with the prospect of it becoming law by the summer of the same year.
    Tax Rate Proposals Spark Debate
    In an exclusive live interview on February 26 with the local news organization Novosti.LIVE, Taras Kozak, president of the investment group “UNIVER” and a member of the Kyiv City Council, shed light on Ukraine’s objectives to legitimize and regulate the cryptocurrency market. The question of taxation has spurred diverse opinions among investors and cryptocurrency-dependent businesses. While many are willing to contribute to the national budget, the final tax rate remains a major point of contention.
    Kozak mentioned that there is a growing consensus around a 5% tax rate that numerous Ukrainians may be willing to accept. He further proposed that the tax should stay modest, falling between 5% and 10%, as the resulting revenue is crucial for state operations, bolstering national security, and funding military efforts. Nonetheless, the government is also weighing a more conventional taxation framework, where individuals typically face an 18% income tax coupled with a 5% military levy. This situation could potentially result in investors paying a steep total of 23% if cryptocurrency income were taxed according to the existing scheme.
    Legislative Timeline and Key Challenges
    Danylo Hetmantsev, chair of the Verkhovna Rada’s Committee on Finance, Tax, and Customs Policy, previously indicated that Ukraine aims to establish cryptocurrency legality by mid-2025. He stated that the main text of the crypto tax bill has already been concluded, but significant discussions are still in progress regarding how regulators and law enforcement will monitor financial activities related to cryptocurrency income.
    Lawmakers must finalize these taxation measures prior to the formal submission of the crypto bill for approval.
     
     
     
    Hetmantsev expects that the initial reading of the bill will occur by the end of March 2025, with the final version potentially being signed into law by summer. Kozak, however, expressed skepticism about this optimistic timeline, predicting that the legislative process may extend into 2026. He believes that while the crypto bill might be signed by the end of 2025, full legalization and implementation of the tax are more likely to take effect in the subsequent year.
    Uncertainty Surrounding Tax Compliance and Regulatory Oversight
    A major concern is the ambiguity surrounding the transition for existing crypto investors. Many individuals who had acquired digital assets before the new law is enacted may find it challenging to substantiate their initial investments, thus complicating the determination of their tax obligations.
    In addition to compliance challenges, the question of regulatory authority remains unresolved. Hetmantsev indicated that the National Securities and Stock Market Commission is expected to oversee crypto taxation. However, there are apprehensions about whether this body possesses the capacity to effectively manage the cryptocurrency sector.
    The Need for Increased Military and National Security Funding
    Given the prolonged conflict with Russia, Ukraine is advocating for greater funding for military and national security efforts. The war has resulted in significant losses to infrastructure, human lives, and economic stability. While international aid has played a vital role, Ukraine is also investigating internal revenue sources to secure fiscal independence for its war initiatives.
    The proposed crypto tax seeks to capitalize on revenue generated from cryptocurrency transactions and investments as one such solution.
    The Role of Cryptocurrency in Ongoing Conflict Funding
    The significance of cryptocurrency in the context of war funding has become increasingly apparent. Recently, Russian authorities detained an individual connected to a diamond mining firm for allegedly channeling funds through cryptocurrency to Ukrainian militant groups. Throughout the conflict, Ukraine has received crypto donations from global supporters to bolster its military and humanitarian efforts. However, this has drawn scrutiny from Russian officials.
    Complicating matters further are the shifting dynamics of international politics. With the change in U.S. leadership from President Joe Biden, who previously allocated substantial military aid, to Donald Trump—who has expressed skepticism regarding unlimited U.S. financial support—Ukraine’s financial strategies are facing increased uncertainty. Recent interactions between Trump and Russian officials have raised concerns in Kyiv, particularly as Ukrainian President Volodymyr Zelensky was not part of those talks.
    As Ukraine continues to grapple with financial pressures amid an ongoing conflict and shifting geopolitical alliances, critical questions arise: Can internal revenue mechanisms, such as a crypto tax, realistically sustain military funding over the long term? And how might divergent global opinions—exemplified by public figures like Elon Musk criticizing prolonged conflict—impact Ukraine’s economic and strategic decisions moving forward?
    Frequently Asked Questions (FAQs)
    How might Ukraine’s new crypto tax influence investor sentiment and innovation?
    A well-calibrated tax could enhance clarity and trust within the digital market, directing funds toward defense while promoting fair practices. Nevertheless, overly stringent limits could stifle innovation in the crypto sector.
    What obstacles might regulators face in implementing Ukraine’s crypto tax framework?
    A sophisticated regulatory strategy will be critical in balancing the interests of investors with fiscal accountability. Officials must ensure adequate oversight while keeping pace with rapid changes in the market without hindering growth.
    How does the proposed crypto tax fit into broader fiscal strategies amid geopolitical tensions?
    A thoughtfully designed digital asset tax aligns with Ukraine’s efforts to merge contemporary fiscal approaches with national security priorities. By stabilizing revenue streams, the initiative aims to support both defense and economic resilience.
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    Bybit Exchange Breached: Over $1.4 Billion in Cryptocurrency Stolen

    On February 21, a significant hack targeted the Bybit cryptocurrency exchange, resulting in the theft of over $1.4 billion from an ETH cold wallet. The stolen assets included liquid-staked Ether (STETH), valued at $2,649.95, alongside Mantle Staked ETH (mETH) and various other ERC-20 tokens. This alarming breach was first identified by on-chain security analyst ZachXBT, who detected the incident shortly after it took place.
    Following this exploit, ZachXBT advised users to blacklist any addresses linked to the hack. Ben Zhou, the co-founder and CEO of Bybit, confirmed the breach and provided insight into the security implications.

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    Zhou revealed that approximately one hour prior to the hack, a transfer was made from the exchange’s multisignature wallet to a warm wallet. He explained that the transaction was cleverly disguised to appear legitimate; however, it contained malicious code intended to modify the smart contract logic of the wallet, allowing funds to be siphoned away. In a reassuring statement, Zhou emphasized:
    “Rest assured that all other cold wallets are secure. All withdrawals are functioning as usual. I will keep everyone updated as new information arises. We would be grateful for any assistance in tracking down the stolen funds.”
    This incident is part of a troubling trend of significant hacks and breaches that have impacted crypto exchanges throughout 2024 and into early 2025.
     
     

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    Zhou later stated, “Bybit remains solvent even if the losses from this hack can’t be recovered; all client assets are backed 1:1, so we can absorb the loss.” In an additional communication on X, the exchange reassured customers, stating that their cold wallets “are fully secure” and confirmed that “all client funds are safe, with operations continuing normally without any interruption.”
    Following the revelation of the hack, the value of Ether (ETH) fell by more than 3%, as this breach ranks among the most significant incidents in recent cryptocurrency history, stirring concerns throughout the market.
    Rising Security Breaches and Scams in February 2025
    The cryptocurrency landscape has seen a surge in hacking incidents and scam-related activities in the initial weeks of February 2025.
    On February 14, ZkLend, a money-market protocol based on Starknet, was exploited, resulting in the loss of $9.5 million. According to the cybersecurity firm Cyvers, the attacker bridged these stolen assets to Ethereum and utilized the Railgun protocol in an attempt to launder the funds; however, Railgun managed to revert the stolen assets back.
    On February 5, both Jupiter, a decentralized exchange on Solana, and former Malaysian Prime Minister Mahathir Mohamad experienced social media hacks. In these cases, the perpetrators leveraged the compromised accounts to promote fraudulent memecoins.
    Shaw Walters, the founder of Eliza Labs, also reported being a victim of a recent social media hack, where the hacker gained control of Walters’ X account and began disseminating scam links. Walters mentioned that the hack transpired despite having two-factor authentication enabled on his account.
    This wave of security breaches emphasizes the urgent need for enhanced protective measures within the cryptocurrency industry. Users are encouraged to remain vigilant and prioritize security protocols, as these incidents continue to pose significant risks to their assets.
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    SEC Acknowledges Bitwise's Spot XRP ETF Application: A Significant Step For Cryptocurrency Integration

    The U.S. Securities and Exchange Commission (SEC) has officially recognized Bitwise's application for a spot XRP exchange-traded fund (ETF), marking a crucial point for the incorporation of XRP into mainstream financial markets. This announcement not only signals a change in regulatory attitudes but also emphasizes XRP's distinct role in facilitating cross-border financial transactions.
    The application was submitted through the Cboe BZX Exchange and signifies an important advancement toward the introduction of regulated XRP investment products within traditional financial frameworks.
    SEC's Review Process Commences as XRP ETF Applications Multiply
    Following the filing dated February 18, the SEC will initiate a 21-day public comment period, after which it will decide whether to approve, reject, or extend its review for up to 240 days.
    This proposal distinguishes XRP as a swift and cost-effective solution for international transactions, setting it apart from Bitcoin and Ethereum, which are predominantly viewed as stores of value. The SEC’s acknowledgment comes on the heels of similar submissions from Grayscale and 21Shares, while applications from WisdomTree and Canary Capital are still under review. With these developments, the total number of outstanding XRP ETF applications has now reached nine, which includes earlier proposals from CoinShares and ProShares.
    The proposal underscores XRP's liquid, decentralized, and robust market structure. It references the SEC’s ruling in last year’s SEC v. Ripple Labs case, which established that Ripple's programmatic sales of XRP did not qualify as securities transactions.
    If the ETF is approved, it would allow investors access to XRP under regulatory oversight without the need for self-storage of the asset.
    Additionally, the SEC is evaluating Bitwise’s strategies for reducing manipulation risks, which involve utilizing U.S.-compliant trading platforms for price data and creating mechanisms for transactions to prevent fraudulent activities.
    This acknowledgment signifies progress for U.S. exchanges that aim to list cryptocurrency ETFs, indicating a shift in regulatory climate under President Donald Trump’s second term. Trump has declared his intention to make the U.S. "the world’s crypto capital" and has appointed pro-crypto regulators like Acting SEC Chair Mark Uyeda and Acting CFTC Chair Caroline Pham. Both have advocated for clearer regulatory guidelines.
    Expanding ETF Landscape: Dogecoin, Solana, and Other Alternative Crypto Products
    The evolving regulatory perspective has triggered an influx of ETF applications, particularly following the resignation of SEC Chair Gary Gensler. Bloomberg analyst Eric Balchunas reported that in a matter of days, 33 new crypto ETF applications were filed, and projections suggest that this number could reach 50 soon.
    Issuers are now seeking to launch ETFs for various alternative cryptocurrencies, including Solana (SOL), Litecoin (LTC), as well as memecoins such as Dogecoin (DOGE), Official Trump (TRUMP), and Bonk (BONK). Bloomberg ETF analyst James Seyffart predicted that the SEC would formally acknowledge critical applications for XRP and Dogecoin ETFs within days, estimating the chances of approval at 65% for XRP and 70% for Dogecoin. However, he cautioned that an XRP ETF could be unlikely until the ongoing legal proceedings surrounding Ripple are fully resolved.
    In the meantime, existing spot Bitcoin and Ethereum ETFs are looking for approval on potential new features like staking and in-kind redemptions. Furthermore, issuers are waiting for regulatory approvals for proposed crypto index ETFs that would track a diversified basket of tokens.
    Institutional Interest vs. Regulatory Ambiguity
    The surge in ETF applications highlights a rising interest among institutional investors seeking greater exposure to cryptocurrency. However, mere demand is insufficient; approval will ultimately depend on whether the SEC perceives XRP as sufficiently distinct from past regulatory concerns.
    As the legal challenges facing Ripple linger, it remains uncertain whether an ETF approval could change the way XRP is regarded in the market or if the ongoing regulatory scrutiny will prove too significant to overlook.
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    KuCoin's Strategic Move To Align With EU Crypto Regulations: Pursuing MiCA License In Austria

    In light of intensifying regulations across the European Union aimed at the cryptocurrency sector, leading exchanges are under increasing pressure to adapt to the Markets in Crypto-Assets (MiCA) framework. The latest move by KuCoin, a prominent global exchange, involves the establishment of a foothold in Vienna to leverage Austria’s regulatory advantages, paving the way for broader access to the vast European market of approximately 500 million users.
    KuCoin’s European arm, KuCoin EU Exchange GmbH, has initiated the application process for a MiCA license in Austria. This strategic decision underscores the company’s commitment to adhering to EU regulations as it aims to provide cryptocurrency services across the European Economic Area (EEA).
    With plans to utilize its cutting-edge technology and well-established global presence, KuCoin intends to roll out innovative crypto products customized for the European market. If granted, the MiCA license will empower the exchange to operate as a legitimate crypto-asset service provider within both the EU and the EEA.
    KuCoin EU Aims for MiCA License and Sets Up Vienna Headquarters
    As announced, securing the MiCA license will enable KuCoin EU to function as a compliant crypto-asset service provider, aligning its operations with the financial laws of Europe. The choice of Vienna as its regional headquarters is strategic, as Austria boasts a well-structured regulatory environment and a talent pool of experts in both the cryptocurrency and fintech industries.
     
     
    BC Wong, CEO of KuCoin, stated, “As a prominent player in the crypto exchange space, we prioritize regulatory compliance and enhancing the user experience. Establishing our European hub in Vienna and applying for the MiCA license is a significant achievement in our global strategy.”
    He further emphasized, “Upon receiving our license, we will provide secure and seamless crypto services to users across the EEA, reaffirming our dedication to a transparent and accountable digital asset ecosystem.”
    To lead the operations at KuCoin EU, the exchange has appointed two seasoned professionals: Oliver Stauber, previously the General Counsel and Managing Director at Bitpanda, as CEO, and Christian Niedermüller, a well-respected figure in the European crypto arena, as COO. Their combined expertise in financial regulations and exchange management will be instrumental in navigating the complex regulatory landscape.
    Austria's Pro-Crypto Regulatory Landscape Attracts Global Participants
    Austria is quickly becoming a pivotal player in the realm of cryptocurrency regulation. With the full implementation of the MiCA regulation—which was adopted in April 2023 and will take full effect by December 30, 2024—Austria offers a robust framework for firms seeking compliance.
    MiCA outlines standardized rules for crypto-asset issuers and service providers, mandating licensing for crypto asset service providers (CASPs) and ensuring adherence to transparency, consumer protection, and disclosure requirements.
    One of the significant benefits of this regulation is the "passporting" mechanism, allowing companies with a single EU license to operate in all 30 EEA member states without having to obtain individual national approvals.
    Several leading exchanges, including OKX, Crypto.com, and Bybit, have either secured or are in the process of acquiring their MiCA licenses. Moreover, in December 2024, the European Securities and Markets Authority (ESMA) called on organizations to address the issue of non-compliant stablecoins, such as Tether’s USDT, leading some exchanges to remove it from their listings.
    Boerse Stuttgart Digital Custody was the first firm to be awarded a MiCA license by BaFin in Germany, with other companies such as MoonPay, BitStaete, ZBD, and Hidden Road following suit in the Netherlands.
    Through MiCA, the EU aims to establish a streamlined and transparent regulatory framework for digital assets. As it stands, KuCoin's application is part of a collective effort by various international crypto firms aiming to solidify their presence in the European market. The outcome of the approval process will critically influence how swiftly the exchange can align with the region's regulatory standards and commence its operations under EU oversight.
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    Thai Law Enforcement Apprehends Four Russians Linked To Swiss Crypto Ransomware Operations

    In a significant move against cybercrime, Thai authorities have detained four Russian nationals in Phuket, purportedly involved in a series of crypto ransomware attacks targeting Swiss enterprises. This development sheds light on a wider international cybercrime network.
    Details of the Arrest
    On February 10, it was reported by a local news source that these individuals, identified as members of the notorious 8Base group, executed ransomware attacks against 17 Swiss businesses between April 2023 and October 2024.
    The operation was a result of collaboration involving agencies from 14 different countries, culminating in the shutdown of 27 servers linked to this criminal organization.
    Europol communicated, "A recent coordinated international law enforcement effort has resulted in the arrest of four suspects connected to the 8Base ransomware group."
    Nature and Impact of the Attacks
    The individuals detained are accused of infiltrating the systems of various European corporations, encrypting sensitive data, and demanding cryptocurrency payments for its release. Phobos ransomware is particularly aimed at small to medium-sized enterprises that often lack sufficient cybersecurity protections.
    Beyond the aforementioned attacks, the suspects are believed to be involved with nearly 1,000 victims worldwide, leading to the theft of approximately $16 million in Bitcoin.
    The 8Base group is recognized as a significant entity in the world of crypto ransomware, employing advanced tactics to compromise systems and extract money.
    The detained individuals now face extradition processes to address charges related to their alleged criminal activities surrounding the ransomware attacks.
     
     
     
    Significance of International Collaboration
    This case underscores the critical necessity of international cooperation in tackling the issue of crypto ransomware. The actions taken in Phuket are indicative of a larger strategy that includes multiple countries coming together to confront the global challenge posed by cyber threats.
    It’s noteworthy to mention that a collaborative operation between Thai and Chinese officials recently led to the capture of two Chinese fraudsters, during which $2.5 million in USDT was confiscated.
    Phuket has recently emerged as a hotspot for cryptocurrency-related crimes. For instance, in November 2024, a Ukrainian individual was reportedly forced to transfer $250,000 in USDT while visiting friends in the area. Additionally, earlier in the year, Thai police sought the apprehension of the Russian suspects following an incident in which they assaulted and robbed another Russian individual of $20,000 over a cryptocurrency dispute at a hotel in Karon, Phuket.
    Conclusion
    These international arrests reveal a complex web of cybercriminal activity that poses significant risks to the security of digital assets. As law enforcement agencies worldwide continue their efforts to dismantle these criminal networks, it becomes increasingly crucial for investors and business leaders to reevaluate their protective measures against evolving threats.
    As the landscape of cybercrime continues to shift, what strategies will you adopt to ensure the safety of your investments?
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    Crypto.com Secures Full MiCA Approval, Expands Services Across Europe

    Crypto.com has achieved a significant milestone by becoming the first major global cryptocurrency service provider to secure full approval under the Markets in Crypto-Assets (MiCA) regulation. This approval, granted by the Malta Financial Services Authority, allows Crypto.com to offer its services across all 30 member states of the European Economic Area (EEA).
    In a February 12 announcement on X (formerly Twitter), the exchange stated:

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    This achievement marks a major step in Crypto.com’s global expansion strategy, solidifying its position as a leading player in the cryptocurrency industry.
    Crypto.com’s Global Growth Strategy
    Crypto.com’s expansion into the EEA is just one part of its broader plan to grow its presence worldwide. Earlier this year, the company launched an institutional-grade exchange in the United States, complementing its popular Crypto.com App for retail users.
    In December 2024, Crypto.com further expanded its reach by acquiring Orion Principals Limited, a brokerage regulated by the Abu Dhabi Global Market. This acquisition allows the company to offer financial products in the United Arab Emirates (UAE), a key market in the Middle East.
    Expanding Beyond Crypto: Stocks, ETFs, and Banking Services
    Crypto.com is not stopping at cryptocurrency services. The company has ambitious plans to diversify its offerings. In Q1 2025, it intends to introduce stock and stock option trading, marking its entry into traditional financial markets. Additionally, the platform will roll out new banking features, including:
    Personal multicurrency accounts
    Cash savings accounts
    Looking further ahead, Crypto.com plans to file for an ETF (Exchange-Traded Fund) focused on its native token, Cronos (CRO), and launch its own stablecoin in Q3 2025.
    Despite these advancements, Crypto.com’s native token, CRO, has faced challenges in the market. According to CoinMarketCap, CRO is currently down 5% daily, 12% weekly, and 30% monthly, trading 90% below its all-time high from November 2021.
    Stock and ETF Trading for U.S. Users
    In another strategic move, Crypto.com recently launched stock and ETF trading for users in Pennsylvania, Ohio, Washington, and Arizona. The company plans to expand this feature nationwide, offering:
    Zero-commission trades
    Fractional shares
    Securities transfers within its app
    This initiative is part of Crypto.com’s effort to compete with traditional financial platforms and other cryptocurrency exchanges like Coinbase, Kraken, and Gemini, as well as Wall Street giants such as BlackRock and Fidelity.
    Institutional Trading Platform
    Crypto.com has also introduced an institutional trading platform in the United States, designed to cater to professional clients. This platform offers:
    Over 300 trading pairs
    Advanced trading tools tailored for institutional investors
    This move signals Crypto.com’s deeper push into the institutional market, positioning itself as a serious competitor to established financial firms.
    Leadership and Global Presence
    To support its growing operations, Crypto.com has appointed Mohammed Al-Hakim as the President of its UAE operations. Headquartered in Singapore, Crypto.com now operates in 90 countries, making it one of the most globally accessible cryptocurrency platforms.
    Key Takeaways
    MiCA Approval: Crypto.com is the first major global crypto service provider to secure full MiCA approval, enabling operations across all EEA member states.
    Global Expansion: The company is expanding its services in the U.S., UAE, and Europe, with plans to offer stock trading, ETFs, and banking features.
    Institutional Focus: Crypto.com is targeting institutional clients with a new trading platform and advanced tools.
    CRO Challenges: Despite its growth, Crypto.com’s native token, CRO, continues to struggle in the market.
    Final Thoughts
    Crypto.com’s recent achievements highlight its commitment to becoming a comprehensive financial services provider, bridging the gap between traditional finance and the cryptocurrency world. While its native token faces challenges, the company’s strategic expansions and innovative offerings position it as a key player in the evolving digital asset landscape.
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    Bitcoin Could Hit $400K Analysts Point To 3 Key Catalysts For A Massive Rally

    Bitcoin enthusiasts are buzzing with excitement as some analysts predict that the cryptocurrency could soar to an astonishing $400,000 in the coming years. This optimistic forecast hinges on three major events that could propel Bitcoin to new heights, drawing parallels to gold’s recent surge to record levels.
    While Bitcoin has experienced a prolonged period of stagnation, leading some traders to speculate that the market has peaked, others remain confident that BTC is on track to achieve significantly higher prices by 2025. One analyst even suggests that Bitcoin could mirror gold’s trajectory, potentially rising by 400% in the next cycle.
    Bitcoin Following Gold’s Footsteps to $400,000
    A pseudonymous Bitcoin trader, apsk32, recently shared an intriguing analysis suggesting that Bitcoin could follow a similar path to gold, potentially reaching $400,000 by 2025. Using a power law model normalized against gold’s market capitalization, the analyst plotted Bitcoin’s price on a logarithmic scale, measuring each BTC in ounces of gold rather than dollars.

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    Historically, Bitcoin has traded within a predictable range relative to the power law support line, as shown in the chart above. The analyst explained:

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    This analysis aligns with Bitcoin’s four-year market cycle, which suggests another significant price surge could be on the horizon.
    In December 2024, Blockware Solutions, a prominent crypto mining firm, also projected a bullish price target for Bitcoin. They estimated a bearish scenario at 150,000,abasecaseat150,000,abasecaseat225,000, and an optimistic target of $400,000. The firm highlighted three key factors that could drive Bitcoin to these levels:
    A U.S. Strategic Bitcoin Reserve: If the U.S. government decides to hold Bitcoin as a reserve asset, it could significantly boost institutional adoption.
    Federal Reserve Rate Cuts: Lower interest rates could increase liquidity in the market, driving more capital into risk assets like Bitcoin.
    Corporate Bitcoin Adoption: More companies adding Bitcoin to their balance sheets could create a snowball effect, pushing prices higher.
    Bitcoin’s Taker Buy-Sell Ratio Signals a Bullish Reversal
    While Bitcoin’s price has been range-bound between 95,000and95,000and97,000 in recent weeks, some analysts believe a breakout could be imminent. ShayanBTC, a well-known market analyst, pointed out that Bitcoin’s taker buy-sell ratio is showing signs of a strong reversal, indicating potential upward momentum.

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    Historically, when the 14-day SMA of the taker buy-sell ratio dropped to 0.96 (as seen in June 2024 and August 2023), Bitcoin experienced a bullish rebound. If the ratio climbs above the 1.0 mark, it could signal increasing buying pressure, potentially breaking Bitcoin out of its current sideways trend.
    Key Takeaways
    $400,000 Bitcoin? Analysts believe Bitcoin could reach this staggering price if three key events occur: a U.S. Bitcoin reserve, Fed rate cuts, and widespread corporate adoption.
    Gold’s Influence: Bitcoin’s potential trajectory is being compared to gold’s recent surge, with some predicting a 400% rise in the next cycle.
    Bullish Indicators: The taker buy-sell ratio suggests that buyers are regaining control, which could lead to a breakout from the current consolidation phase.
    Final Thoughts
    While the $400,000 price target may seem ambitious, the combination of macroeconomic factors, institutional adoption, and Bitcoin’s historical market cycles makes it a plausible scenario. As always, the cryptocurrency market remains highly volatile, and investors should approach such predictions with caution. However, the current indicators and analyses suggest that Bitcoin’s best days may still be ahead.
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    Cracked And Nulled Marketplaces Disrupted In International Cyber Operation

    In a major victory against cybercrime, the U.S. Department of Justice (DOJ) has announced its involvement in a multinational operation to dismantle the infrastructure of two notorious online marketplaces, Cracked and Nulled. These platforms, known for facilitating cybercrime, have been disrupted in a coordinated effort involving law enforcement agencies from the United States, Romania, Australia, France, Germany, Spain, Italy, and Greece. The operation, supported by Europol, has already impacted at least 17 million victims in the U.S. alone.
    Key Figures Behind the Announcement
    The announcement was made by several high-ranking officials, including:
    Antoinette T. Bacon, Supervisory Official of the DOJ’s Criminal Division
    Trini E. Ross, U.S. Attorney for the Western District of New York
    Jaime Esparza, U.S. Attorney for the Western District of Texas
    Brian A. Vorndran, Assistant Director of the FBI’s Cyber Division
    Matthew Miraglia, Special Agent in Charge of the FBI Buffalo Field Office
    Aaron Tapp, Special Agent in Charge of the FBI San Antonio Field Office
    Cracked: A Hub for Cybercrime Tools
    According to unsealed court documents, Cracked has been operating since March 2018, offering a wide range of illegal products and services, including:
    Stolen login credentials
    Hacking tools
    Servers for hosting malware and stolen data
    The marketplace boasted over 4 million users and featured more than 28 million posts advertising cybercrime tools and stolen information. It generated approximately $4 million in revenue and affected millions of victims worldwide.
    One particularly disturbing case involved a woman in the Western District of New York who was targeted by a cybercriminal using tools purchased on Cracked. The attacker accessed her online accounts, cyberstalked her, and sent threatening and sexually explicit messages.
    Law Enforcement Action
    The FBI, in collaboration with international partners, identified and seized:
    Servers hosting Cracked’s infrastructure
    Eight domain names used to operate the marketplace
    Servers and domains for Cracked’s payment processor, Sellix
    A related bulletproof hosting service
    Visitors to any of the seized domains will now see a banner notifying them that the site has been taken down by law enforcement.
    The case is being investigated by the FBI Buffalo Field Office, with prosecution led by Senior Counsel Thomas Dougherty of the DOJ’s Computer Crime and Intellectual Property Section (CCIPS) and Assistant U.S. Attorney Charles Kruly for the Western District of New York.
    Nulled: A Marketplace for Stolen Data
    The DOJ also announced the seizure of Nulled, a similar marketplace operating since 2016. Nulled offered:
    Stolen login credentials
    Identification documents
    Hacking tools
    With over 5 million users and 43 million posts, Nulled generated approximately $1 million annually. One of its advertised products claimed to contain the names and Social Security numbers of 500,000 American citizens.
    Charges Against Nulled’s Administrator
    Lucas Sohn, a 29-year-old Argentinian national residing in Spain, has been charged for his role as an administrator of Nulled. Sohn allegedly facilitated transactions involving stolen credentials and performed escrow services on the platform.
    He faces charges including:
    Conspiracy to traffic in passwords
    Conspiracy to commit access device fraud
    Conspiracy to commit identity fraud
    If convicted, Sohn could face up to 15 years in prison.
    The case is being investigated by the FBI Austin Cyber Task Force, with prosecution led by Assistant U.S. Attorneys G. Karthik Srinivasan and Christopher Mangels for the Western District of Texas.
    International Collaboration
    The takedown of Cracked and Nulled was made possible through the cooperation of law enforcement agencies worldwide, including:
    Australian Federal Police
    Europol
    France’s Anti-Cybercrime Office
    Germany’s Federal Criminal Police Office
    Spanish National Police
    Hellenic Police (Greece)
    Italian Polizia di Stato
    Romanian General Inspectorate of Police
    The DOJ’s Office of International Affairs also played a crucial role in facilitating the operation.
    Final Thoughts
    This operation marks a significant step in the fight against cybercrime, but it also highlights the ongoing challenges posed by illegal online marketplaces. While the takedown of Cracked and Nulled is a victory, the battle against cybercriminals is far from over.
    As always, individuals and organizations must remain vigilant, employing strong cybersecurity practices to protect their data and systems from potential threats.
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    📈Tether Launches USDT On Lightning Network, While Elon Musk’s Father Dives Into Memecoins!🔥

    The cryptocurrency world never sleeps, and the last day of January 2025 is no exception. Tether has announced the integration of its stablecoin, USDT, into the Bitcoin Lightning Network. Meanwhile, Elon Musk’s father, Errol Musk, has decided to enter the memecoin market. Let’s dive into the details!
    How Are Major Cryptocurrencies Performing?

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    January 2025 has been a month of significant developments in the crypto space, and it’s ending on a relatively stable note. Here’s a quick look at the performance of some of the top cryptocurrencies:
    Bitcoin (BTC): Down by 1.41%, trading at 104,475,withadailyrangebetween104,475,withadailyrangebetween103,907 and $106,351.
    Ethereum (ETH): Up by 2.35%, reaching 3,350.51,withadailylowof3,350.51,withadailylowof3,215.60 and a high of $3,365.72.
    Solana (SOL): Down by 2.15%, priced at 236.84,withadailyrangeof236.84,withadailyrangeof234.53 to $244.07.
    XRP: Holding steady at 3.08,downby1.283.08,downby1.283.06 to $3.15.
    As we head into February, the big question is whether this is the start of altcoin season. Stay tuned!
    Tether Integrates USDT with Bitcoin Lightning Network

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    In a groundbreaking move, Lightning Labs, the company behind the Bitcoin Lightning Network, has enabled Tether’s USDT to operate on Bitcoin’s ecosystem using the Taproot Assets protocol. This integration will allow for instant and low-cost USDT transactions, leveraging the Lightning Network’s infrastructure.
    Tether, which processed a staggering $10 trillion in transactions in 2024, is already a major player in global digital payments. This new development could further boost the adoption of stablecoins among Bitcoin users, making cross-border payments faster and more affordable.
    Ross Ulbricht Loses $12 Million Due to a DEX Error

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    In a surprising turn of events, wallets linked to Ross Ulbricht, the recently pardoned founder of Silk Road, lost $12 million due to a pricing error involving the memecoin ROSS on the decentralized exchange Raydium. An MEV bot quickly exploited the mistake, purchasing a large amount of tokens at a discounted price and selling them for a profit. This caused the value of ROSS to plummet by 90%.
    Ulbricht, who was attempting to add liquidity incorrectly, ended up losing 40% of the token’s supply. Despite this setback, his wallets still hold 10% of the total ROSS supply, valued at approximately $200,000.
    Elon Musk’s Father Aims to Raise $200 Million with Memecoin MUSKIT
    Errol Musk, Elon Musk’s father, is making headlines with his ambitious plan to raise $200 million for the Musk Institute through the sale of a memecoin called Musk It (MUSKIT). The token was quietly launched in December 2024 by a Middle Eastern company but failed to gain significant traction, losing over 50% of its value.
    Experts argue that without direct support from Elon Musk, the project has limited chances of success, especially when compared to memecoins associated with Donald Trump, which have captured significant market attention. Interestingly, the MUSKIT token has recently seen a sharp price surge, sparking renewed interest.
     
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    Will Sam Bankman-Fried Be Pardoned By Donald Trump? Efforts Are Already Underway

    The question on many minds is whether Sam Bankman-Fried, the disgraced founder of FTX, will walk free anytime soon. According to recent reports, his parents, Joseph Bankman and Barbara Fried—both prominent law professors—are actively exploring ways to secure his release from prison. One potential avenue being considered is a presidential pardon from former U.S. President Donald Trump.
    Could Trump Pardon Sam Bankman-Fried?
    Bloomberg reports that Bankman and Fried have been in discussions with lawyers and individuals close to Trump regarding the possibility of a pardon for their 32-year-old son, who was recently sentenced to 25 years in prison. However, it remains unclear whether they have directly contacted the White House or Trump’s team.
    The odds of a pardon seem slim, given the political dynamics at play. Bankman-Fried was a significant donor to Democratic campaigns, and his mother has strong ties to the Democratic Party. This could make it difficult to gain favor with Trump, who is a Republican. Additionally, unlike the case of Ross Ulbricht, the founder of Silk Road, Bankman-Fried lacks a broad grassroots movement advocating for his release. Ulbricht, who was supported by the Free Ross movement and libertarian groups (many of whom also backed Trump), spent over a decade in prison before receiving clemency.
    It’s also worth noting that Bankman-Fried’s case is relatively recent. He was arrested in late 2022 by Bahamian authorities, whereas Ulbricht was detained back in 2013. This timeline difference further complicates any comparisons between the two cases.
    The Fates of Other FTX Executives
    While Bankman-Fried received the harshest sentence in the FTX collapse case, other former executives have managed to secure lighter punishments by cooperating with authorities. For instance:
    Caroline Ellison, the former CEO of Alameda Research, was sentenced to just two years in prison.
    Ryan Salame, a former FTX executive, saw his original 7.5-year sentence reduced by one year under the First Step Act. His expected release date is now set for March 1, 2031.
    Gary Wang, FTX’s former CTO, and Nishad Singh, the former head of engineering, both received suspended sentences.
    These lenient outcomes highlight the benefits of cooperating with law enforcement, a path Bankman-Fried did not take.
    Final Thoughts
    The possibility of a presidential pardon for Sam Bankman-Fried remains uncertain. While his parents are reportedly exploring every option, the political and legal hurdles are significant. Moreover, the lack of public support for his release further diminishes his chances.
    As the story unfolds, it will be interesting to see whether Trump—or any future president—considers granting clemency to the former FTX CEO. For now, Bankman-Fried’s fate remains sealed behind bars, while his former colleagues enjoy lighter sentences thanks to their cooperation with authorities.
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    Ross Ulbricht's Freedom: President Trump Grants Full Pardon

    On Tuesday, President Donald Trump officially signed a "full and unconditional" pardon for Ross Ulbricht, the creator of the notorious Silk Road marketplace. In 2015, Ulbricht was sentenced to life in prison without the possibility of parole due to his involvement with this dark web marketplace.
    A Campaign Promise Fulfilled
    By granting this pardon, President Trump has fulfilled another campaign commitment. Ulbricht was serving two life sentences along with an additional 40 years for his activities related to Silk Road. Trump personally called Ulbricht's mother to share the news of the pardon, stating, "I just called the mother of Ross William Ulbricht to let her know that, in honor of her and the Libertarian Movement that supported me so strongly, it was my pleasure to have just signed the full and unconditional pardon of her son, Ross." He further remarked that the length of Ulbricht's sentence was "ridiculous."

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    The case garnered significant attention within the cryptocurrency community, with many advocating for clemency for Ulbricht. Following Trump’s announcement, the Free Ross campaign expressed their gratitude, stating, “Words cannot express how grateful we are. President Trump is a man of his word, and he just saved Ross’s life. ROSS IS A FREE MAN!!!!!”
    The Timeline of Ross Ulbricht’s Case
    Ulbricht, who celebrated his 40th birthday in March 2024, faced convictions on seven counts linked to the operation of Silk Road. This dark web marketplace was known for facilitating the sale of illegal drugs and various illicit products, utilizing Bitcoin as its primary currency. Prosecutors from the U.S. reported that Silk Road enabled over 1.5 million transactions, totaling around $213 million.
    Ulbricht's arrest occurred in 2013, following his admission of having founded Silk Road. His subsequent sentencing in 2015 condemned him to spend the rest of his life behind bars without the prospect of release.
    A Renewed Hope for Freedom
    Trump first expressed his support for Ulbricht at the Libertarian National Convention in May 2024, pledging that he would commute Ulbricht's sentence on his very first day back in office, if re-elected. After Trump won the election in November, Ulbricht conveyed his gratitude to those who cast their votes for him.
    “I trust him to keep his promise and give me a second chance. After more than 11 years in the shadows, I can finally see the light of freedom at the end of the tunnel,” Ulbricht communicated via his social media account.
    In addition to his support for Ulbricht, President Trump has promised several initiatives related to cryptocurrency, including the establishment of a Bitcoin strategic reserve, the creation of a Crypto Presidential Advisory Council, the repeal of SAB 121, and the transformation of the U.S. into a “Bitcoin mining powerhouse.”
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    MicroStrategy's Bold Bitcoin Strategy: Visionary Genius or Risky Bet?

    While some critics label it reckless, advocates hail it as brilliant. Regardless, Michael Saylor remains firmly committed to Bitcoin, steering MicroStrategy through uncharted waters.
    Co-founder of MicroStrategy, Michael Saylor, has pursued an assertive strategy for acquiring Bitcoin, which observers characterize as either a groundbreaking business move or an imprudent gamble.
    Risks of an Unstable Asset
    Critics caution that the company’s significant dependence on the volatile nature of Bitcoin brings substantial risks. A drastic decline in Bitcoin’s price could jeopardize the company's financial stability, impair its capacity to meet debt obligations, or limit its ability to secure additional funding.
    Nevertheless, Saylor remains steadfast, asserting, "I have no reason to sell the winner."
    MicroStrategy stands as the world’s largest corporate Bitcoin holder, boasting a staggering 447,470 BTC. Such a massive holding heightens the stakes not only for the company but also for the broader Bitcoin landscape.
    Financing MicroStrategy's Bitcoin Acquisitions
    Although MicroStrategy is technically a business intelligence software firm, its aggressive Bitcoin accumulation strategy has led it to function similarly to a Bitcoin treasury operation.
    Saylor’s venture into Bitcoin began with a cash investment of $250 million in August 2020. Subsequently, he opted for debt financing, beginning with convertible notes—debt instruments that can convert into equity. These initial notes, often offered at low interest rates, aided in raising $650 million by December 2020, with subsequent issuances accumulating billions more.
    In June 2021, MicroStrategy raised $500 million through senior secured notes, which provided a higher return rate, backed by company assets.
    Most recently, on December 24, 2024, the company proposed a monumental increase in its common stock from 330 million to 10.33 billion shares and its preferred stock from 5 million to 1.005 billion shares. This flexible plan allows for phased capital increases rather than a one-time issuance of a substantial number of new shares.
    This move aligns with the company’s ambitious 21/21 Plan, targeting a $42 billion capital raise over the next three years—split equally between equity sales and fixed-income instruments—to finance further Bitcoin acquisitions and initiatives such as establishing a cryptocurrency bank and offering Bitcoin-based financial products.
    Criticism: A Reckless Scheme?
    Emeritus Finance Professor David Krause of Marquette University argues that Saylor's strategy is misguided. He warns that a sharp decline in Bitcoin prices could have dire consequences for MicroStrategy (MSTR), resulting in a significant loss of shareholder equity, compromising debt repayments, and potentially leading to financial turmoil or bankruptcy, which could trigger massive stock sell-offs.
    "In my extensive career in corporate finance and investments, I firmly believe that treasury assets should consist exclusively of liquid, low-risk securities, such as money market instruments," Krause stated in an interview with Cointelegraph.
    MSTR has mostly traded at a premium over the net asset value (NAV) of its Bitcoin holdings, with Bitcoin assets constituting 51% of its market capitalization as of January 9, according to BitcoinTreasuries.net.
    When the share price exceeds this NAV, MicroStrategy raises funds through debt or equity to purchase additional Bitcoin. However, Kruger warns that this approach invites risks associated with shareholder dilution.
    This strategy creates what could be seen as a feedback loop—where the value of the company’s Bitcoin holdings enhances its market standing, facilitating further debt issuance for additional Bitcoin purchases.
    Some analysts on social media have compared this looping strategy to a Ponzi scheme.
    “The cycle relies on the continuous rise of BTC,” stated financial analyst Jacob King. “If BTC stagnates or plummets (which it inevitably will), the cycle collapses. This is simply unsustainable and resembles a large-scale Ponzi scheme.”

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    MicroStrategy did not respond to these criticisms when Cointelegraph reached out. Yet, in a recent media interview, Saylor drew an analogy between his strategy and real estate development in Manhattan.
    "Just like Manhattan developers, whenever real estate values increase, they incur more debt to further develop real estate," he explained. "This has been happening for 350 years, contributing to the towering buildings of New York City. I would classify it as an economic principle."
    Kruger, while primarily critical of MicroStrategy's Bitcoin strategy, noted in a recent paper that it does not conform to the SEC's formal definition of a Ponzi scheme.
    According to the Securities and Exchange Commission, a Ponzi scheme is characterized by "investment fraud that utilizes payments owed to earlier investors from new investors' contributions."
    Gracy Chen, CEO of the cryptocurrency exchange Bitget, aligned with Kruger’s perspective.
    "Unlike a Ponzi scheme, which relies on fresh investor money to repay returns to previous backers, MicroStrategy's tactic hinges on the market-driven appreciation of Bitcoin," Chen elaborated. "This strategy resembles Charles de Gaulle's challenge to the Bretton Woods system by converting dollars into gold. It aims to exploit perceived flaws in modern monetary theory to capitalize on asset appreciation."
    The Unquestionable Success of Saylor's Bitcoin Approach
    As of January 8, MSTR shares were trading at $331.70, representing a staggering 2,200% increase since MicroStrategy's initial Bitcoin purchase on August 11, 2020, when shares closed at $14.44. During this same period, Bitcoin's value appreciated approximately 735%.
    Regardless of one's opinion on Saylor's approach, his strategy has indisputably enhanced both MicroStrategy's cryptocurrency portfolio and its stock performance, securing the company's position in the Nasdaq-100 index as of December.
    While there remains concern about shareholder dilution, supporters argue that Bitcoin's long-term growth potential may mitigate these risks. Additionally, Chen highlighted that MicroStrategy's convertible debt structure may provide a safety net during economic downturns.
    "A prolonged bear market could pose liquidity challenges and escalate debt management issues. Nevertheless, the unsecured convertible debt structure offers some protection against immediate forced liquidations," Chen outlined.
    “The company’s method for raising funds through equity offerings even during bearish markets further alleviates the risk of liquidating its Bitcoin holdings.”
    The Bitcoin Acquisition Strategy: A Clear Mission
    At its core, MicroStrategy’s objective is straightforward: continue purchasing Bitcoin.
    This asset is viewed not merely as a long-term investment, but as a hedge against economic uncertainty and a vehicle for enhancing shareholder value. It can also enable the company to secure loans or generate capital for future business ventures, all while avoiding the need to liquidate its Bitcoin holdings.
    "There’s significant profit potential within that substantial liquidity pool of Bitcoin," asserted Alexander Panasenko, head of product management at VixiChain. "By holding a large amount of this inflation-resistant asset, which retains value, the company can generate revenue either from simply holding it or through lending and borrowing opportunities."
    However, detractors point to a noticeable absence of a definitive exit strategy for Saylor. Bitcoin proponents reject the necessity for one, viewing Bitcoin itself as the ultimate escape from traditional financial frameworks.
    While stock dilution represents an imminent concern, the strategy has yielded significant benefits for MicroStrategy and the broader Bitcoin ecosystem, inspiring similar initiatives globally.
    "As long as MicroStrategy continues to lead discussions about the role of digital assets in our evolving economy—evidencing broader adoption within new businesses and unveiling innovative strategies for leveraging digital assets—it represents a positive development," Panasenko noted.
    "In the event of failures connected to such digital asset initiatives, it could cast a shadow over the entire industry, setting us back significantly."
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    The Highs And Lows Of Trump's Meme Coin: A $6 Billion Drop Before Inauguration

    As President-elect Donald Trump prepares for his return to the White House on January 20th, investors are keenly watching for indications of his impending policies during his inauguration speech. Over the past weekend, he introduced a digital token that initially generated significant trading interest but saw a substantial decline just before his swearing-in.
    The Official Trump ($TRUMP) token debuted on the Solana blockchain on January 18, witnessing an early surge that propelled its market capitalization to over $15 billion by Saturday. However, by Monday, this figure plummeted to around $9 billion, resulting in a staggering loss of $6 billion in market value.
    As Trump's official inauguration approaches, investors are paying close attention to his upcoming speech to assess his immediate policy agenda.
    Unraveling the Decline: $9 Billion Market Cap and Investor Concerns
    Meme coins, particularly those associated with notable personalities and events, are notoriously volatile. The drop to a $9 billion market cap may be attributed to profit-taking by investors, skepticism regarding the token's long-term viability, and the speculative nature characteristic of meme coins.
    According to the official $TRUMP website, CIC Digital, affiliated with the Trump Organization, along with Fight Fight Fight, a co-owned venture, holds 80% of the total supply of the meme coin. This centralized distribution raises alarms about potential market manipulation or a large-scale sell-off once lock-up periods expire, which could further depress the coin's price.
    On Monday, 10X Research reported that $TRUMP became the most actively traded coin on Binance, achieving a remarkable 24-hour trading volume of $6.3 billion—outpacing Solana's $5.4 billion and Bitcoin's $5.1 billion.
    The firm commented, "While many dismiss $TRUMP as merely a meme coin, it can more accurately be described as a ‘fan token.’ This token allows holders to celebrate the market gains following Trump’s election in November and to express support for potential crypto-positive policies under his forthcoming administration."
    As a fan token, it could offer holders various benefits, such as exclusive access to events, news updates, and other privileges directly to their wallets.
    Melania’s Coin Launch: A New Chapter in the Trump Crypto Narrative
    Recent updates from Trump’s official social media platforms reinforce the token's legitimacy, with announcements appearing first on Truth Social and subsequently on his official X/Twitter account. However, if the “Official Trump” token is a fraudulent endeavor, it could become one of the largest scams in cryptocurrency history.
    This launch arrives at a pivotal moment, as Trump is expected to sign an executive order shortly after assuming office, prioritizing cryptocurrency initiatives. Reports indicate he plans to address the issue of crypto de-banking and to revise a contentious bank accounting regulation through executive actions.
    In a related development, Melania Trump has also unveiled her own meme coin, MELANIA, further fueling the Trump-centric cryptocurrency trend. The MELANIA website asserts that Melania Memes are fungible digital assets that are tracked on the Solana blockchain.
    In conclusion, the emergence of Trump's meme coin has stirred considerable interest and skepticism alike, potentially reshaping the cryptocurrency landscape amid his administration's evolving policies. The rollercoaster of its market value underscores the unpredictable nature of meme coins and the dynamics at play within cryptocurrency markets during politically charged times.
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    Trump's Executive Orders on Crypto Banking Policies: What to Expect

    As former President Donald Trump prepares to return to the White House on January 20, speculation is rife that his first day will be marked by executive orders aimed at reshaping the landscape of cryptocurrency regulation in the United States.
    According to a report from The Washington Post dated January 13, Trump’s administration is likely to prioritize actions addressing crypto de-banking and revising a contentious accounting policy affecting banks that deal with digital currencies.
    Key Changes Anticipated
    One of the notable changes may include the repeal of a regulation instituted during President Biden's term, which mandates banks to categorize cryptocurrencies as liabilities. This regulation is rooted in the Securities and Exchange Commission’s March 2022 Staff Accounting Bulletin, known as SAB 121, and has faced significant pushback from the cryptocurrency sector.
    The incoming Trump administration reportedly views the reversal of SAB 121 as a priority, with insiders indicating that this move is urgent.
    Concerns Over Financial Accessibility
    Critics within the cryptocurrency community have long condemned the Biden administration's approach as a focused effort to undermine the industry’s ability to access traditional banking services, often termed “Operation ChokePoint 2.0.” Prominent figures in the sector have called on Trump to take swift action, including issuing crypto-related executive orders within the first 100 days of his presidency, with expectations that at least one of these orders could be implemented on his inauguration day.
    In addition to policies related to cryptocurrency, Trump’s new administration is also predicted to revise several technology-related regulations. David Sack, appointed as Trump's crypto and artificial intelligence advisor, has expressed intentions to rescind Biden's 2023 AI executive order, which had faced criticism for emphasizing equity in AI technology development.
     
     
    Shaping the Future of U.S. Crypto Policy
    In parallel, Marc Andreessen, a well-known venture capitalist with deep ties to the tech and crypto industries, is reportedly playing a significant role in shaping the impending administration. He has been actively recruiting candidates for key government positions across technology, defense, and intelligence sectors.
    During his campaign, Trump made a commitment to enhance the U.S. cryptocurrency market, including proposals for a strategic Bitcoin reserve and the reduction of regulatory barriers impacting the industry.
    State Initiatives: Bitcoin Reserves on the Rise
    In a related vein, states like New Hampshire and North Dakota are demonstrating increasing interest in integrating cryptocurrencies into their financial frameworks by proposing legislation to establish strategic Bitcoin reserves. This is part of a growing movement among U.S. states aiming to diversify their fiscal assets through digital currencies.
    Ohio had previously explored the integration of Bitcoin into its treasury reserves, spurred by House Republican leader Derek Merrin's new bill. More recently, Texas Representative Giovanni Capriglione introduced the Texas Strategic Bitcoin Reserve Act, advocating for the state comptroller to hold Bitcoin as a reserve asset for a minimum of five years.
    Furthermore, in November, Pennsylvania took a similar initiative when Representative Mike Cabell proposed allowing the state treasury to allocate up to 10% of its balance sheet to Bitcoin, highlighting the digital asset's potential as a hedge against economic instability.
    Additionally, corporate entities such as MicroStrategy and Metaplanet have been expanding their Bitcoin portfolios, indicating a growing acceptance of cryptocurrency in mainstream financial practices.
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    Bitcoin Surges Past $100,000 Amid Growing Momentum From Trump's Election Confirmation

    According to analyst Alex Kuptsikevich from FxPro, the cryptocurrency market is entering a phase of consolidation, characterized by robust investor sentiment and active purchasing, indicating prospects for further advancements.
    On Monday night, Bitcoin once again crossed the $100,000 threshold, marking its first return to this level in two weeks. This increase came in the wake of Congress officially certifying Donald Trump’s victory for the 2024 presidential election, paving the way for his inauguration on January 20.
    During a formal session held on Monday, Congress ratified the election outcomes for all 50 states and the District of Columbia. Vice President Kamala Harris presided over this joint session of the House and Senate.
    By 12:09 AM ET on Tuesday, Bitcoin was trading at approximately $101,775, representing a 10% increase over the preceding week. In the meantime, the overall cryptocurrency market capitalization exceeded $3.7 trillion, hitting its highest value since December 19.
    Bitcoin Set for Upward Trend If It Breaks $109K: Analyst Insight
    Alex Kuptsikevich, chief market analyst at FxPro, remarked that the crypto market's short-term gains are evolving into a consolidation phase. He stated: “The market seems to be assessing the ground beneath it and is slowly moving upwards,” further mentioning that the current sentiment index of 76, which indicates extreme optimism, signals active buying and substantial potential for additional growth.
    He highlighted that current technical indicators suggest the conclusion of a standard correction, with a renewed growth trajectory aimed at reclaiming 61.8% of the November rally. This viewpoint would gain support if Bitcoin successfully surpasses its previous peak around $109,000. Kuptsikevich anticipates that Bitcoin's ascent will intensify following its successful breach of the $100,000 mark.
    Binance Highlights Bitcoin’s Exceptional Performance Following Breakthrough Beyond $100K
    Bitcoin initially achieved the $100,000 milestone on December 5, driven by rising optimism regarding Trump's potential to implement crypto-friendly legislative changes upon taking office. Trump had pledged during his campaign to turn the US into the "crypto capital of the world."
    As of Tuesday, January 7, data from SoSoValue indicated that US-based Bitcoin spot ETFs saw net inflows reaching $987.06 million, while US spot Ether ETFs attracted $128.7 million.
    On the regulatory front, China's authorities have taken a firmer stance by extending foreign exchange regulations to encompass cryptocurrency transactions. The State Administration of Foreign Exchange (SAFE) has categorized these transactions as high-risk, advising financial institutions to vigilantly monitor all crypto-related activities.
    In a separate announcement, Binance released a report on Monday, showcasing Bitcoin as one of the leading global assets this year, second only to Nvidia. The report attributes Bitcoin's remarkable performance to several key factors, including the approval of spot ETFs, the forthcoming Bitcoin Halving, changes in monetary policy, and expectations for more favorable regulatory frameworks. Should this momentum persist leading into 2025, Bitcoin could further ascend in global asset rankings, solidifying its status as a prominent asset class.
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    Tether's Major Bitcoin Transfer: A $780 Million Move To Reserve

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    Tether, the issuer of the world’s largest stablecoin, has made a significant move by transferring over 8,400 Bitcoin into its corporate reserve—marking its largest transaction in nine months.
    According to data from Arkham Intelligence, wallets identified as belonging to Tether received two separate Bitcoin transfers on December 30, amounting to approximately 7,628.9 BTC and 775.6 BTC, for a total of just under 8,404.5 BTC. This substantial transfer is valued at around $780 million, with Bitcoin trading at approximately $92,500 at the time.
    With this latest addition, Tether’s Bitcoin holdings have now reached 83,759 BTC, equivalent to close to $7.75 billion. In May 2023, the company had announced its intention to allocate up to 15% of its net realized operating profits for purchasing Bitcoin regularly.
    This latest transfer represents Tether's first substantial action since March 31, when it added about 8,888 BTC, shortly after Bitcoin had crossed the $70,000 mark for the first time and briefly exceeded its previous all-time high.
    Bitcoin has seen remarkable growth in 2024, doubling in price and currently reflecting a 108% increase for the year. However, the asset has experienced a downturn this week, dipping from its mid-December peak of approximately $108,000.
    Among privately held companies, Tether now boasts the second-largest Bitcoin holdings, surpassed only by Block.one, which has 140,000 BTC, according to data from Bitbo. Overall, when considering both private and public firms, Tether ranks third, trailing MicroStrategy, which holds a staggering 446,400 BTC.
    The rise in Bitcoin's price over the past year has heightened interest in corporate Bitcoin treasuries, with various companies announcing that they are adding the cryptocurrency to their balance sheets in hopes of boosting their stock performance.
    One of the latest companies to embrace Bitcoin, KULR Technology Group, announced on December 16 that it invested $21 million to acquire 217.18 BTC, resulting in a more than 40% increase in its stock price that day—reaching an all-time high of $4.80.
    Additionally, Quantum BioPharma, a biopharmaceutical firm, disclosed on December 20 that it purchased $1 million worth of Bitcoin and other cryptocurrencies as part of its treasury diversification strategy.
    As corporate interest in Bitcoin continues to grow, Tether’s latest transaction underscores the expanding role of cryptocurrencies in traditional financial strategies. With significant transfers like this, Tether is solidifying its position in the crypto market, while also hinting at an optimistic outlook for Bitcoin in the evolving digital finance landscape.
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