emma63taylor

@emma63taylor

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Bybit CEO Ben Zhou confirmed that $280 million of the $1.4 billion stolen from the exchange has been laundered and is no longer traceable. Still, about $1.07 billion remains trackable, allowing investigators to continue their efforts to recover the funds.

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Memecoins, once seen as community-driven digital assets, are increasingly being used to exploit retail investors, with a growing number of scams and failed celebrity-backed tokens raising regulatory concerns.

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Goldsmith Romero’s departure would leave Commissioner Kristin Johnson as the sole Democrat on the CFTC’s five-person commission.

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Still, “large players remain invested despite short-term outflows,” said Kazmierczak, adding that the Abu Dhabi Sovereign Wealth Fund and Wisconsin’s Pension Fund both hold “sizable BTC positions through ETFs” despite the recent selling pressure.

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The bullish positioning suggests that investors are cautiously optimistic about ETH appreciation in the medium term, according to Nicolai Sondergaard, research analyst at Nansen.

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The structure of the Ether options market suggests traders are anticipating medium-term growth, as February’s options expiry events could play a decisive role in the price trajectory of the world’s second-largest cryptocurrency.

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XRP rose to its highest level since January 2018 as optimism toward emerging crypto regulations overcame concerns raised by the latest legal appeal filed by the SEC.

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Adding to the positive outlook, the bankrupt FTX exchange is preparing to repay over $1.2 billion to its users after Trump’s inauguration, which is seen as a significant liquidity event for the crypto market.

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Cryptocurrency investor optimism is palpable ahead of US President-elect Donald Trump’s inauguration on Jan. 20, which is expected to bring more regulatory clarity to the industry.

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Grayscale’s ETHE charges management fees of 1.5%. In July, the asset manager listed Grayscale Ethereum Mini Trust as a cheaper alternative.

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Ismail meanwhile pointed out the Bitcoin market is already behaving differently from previous four-year cycles. Bitcoin’s price in the current cycle fell below the last cycle’s all-time high (ATH), “which everyone believed was impossible,” and then Bitcoin reached a new ATH before the formal Halving took place.

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MiCA’s phase one stablecoin regime has been applicable since June 30, but the full regulatory framework for crypto asset service providers (CASPs) is set to come into force from Dec. 30.

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The $1.5 billion purchase follows a larger Bitcoin investment from the company the week before.

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As of Dec. 1, MicroStrategy and its subsidiaries hold 402,100 BTC, worth around $38.4 billion at current market prices, purchased at an aggregate cost of $23.4 billion, or an average of $58,263 per Bitcoin. This means the firm is up by 64% on its Bitcoin investments.

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MicroStrategy, a major corporate Bitcoin holder, announced it acquired approximately 15,400 BTC between Nov. 25 and Dec. 1. The purchase, funded by $1.5 billion raised through a stock sale under its at-the-market (ATM) equity program, was executed at an average price of $95,976 per Bitcoin.

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The sale came shortly after Bitcoin successfully went through its fourth halving event in April 2024, which reduced the mining block reward from 6.25 BTC to 3.125 BTC.

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Formerly operating as Marathon Digital Holdings, MARA sold 390 Bitcoin or 63% of its monthly production of 616 BTC.

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While actively pushing for Bitcoin accumulation and mining in the US, MARA sold some Bitcoin earlier this year.

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While US President-elect Donald Trump publicly promised to add Bitcoin to the US government Treasury reserve, some skeptics like Galaxy Digital CEO Mike Novogratz predicted a “low probability” that Trump will establish a Bitcoin strategic reserve during his term.

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“The dollar is no longer directly backed by gold, yet holding substantial gold reserves remains a matter of national security,” MARA said. “These reserves provide the US with the ability to transact should foreign nations lose confidence in the dollar, the firm added.

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