Hojat

@hojat

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Bitcoin mining machine manufacturer Canaan Inc. reported a total revenue of $269.3 million for the full year 2024, including $44 million from mining operations. The company currently holds 1,292.5 bitcoins.

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Crypto billionaire Jed McCaleb is investing $1 billion in his space startup, Vast Space, which aims to build and launch the world’s first commercial space station. McCaleb, the founder of Mt. Gox, Ripple, and Stellar, is dedicating approximately $3.2 billion of his wealth — primarily from selling XRP — to fund Vast Space.

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The Federal Reserve has released its interest rate decision, maintaining the upper bound at 4.50%, which matches both expectations and the previous rate of 4.50%.

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Axelar Foundation has disclosed information about strategic AXL token sales worth $30 million (without revealing the price). Several crypto investors participated in the token sale, including Arrington Capital, Distributed Global, Electric Capital, Laser Digital, C² Ventures, Plassa Capital, and Wagmi Ventures.

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Thailand's regulator has recognized Tether's USDT as an approved cryptocurrency in the country.

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Reddit co-founder Alexis Ohanian has joined Frank McCourt’s bid to acquire TikTok U.S. and bring it on-chain. He emphasized that users should own their data and creators should control their audience. If the deal is successful, TikTok will integrate Project Liberty’s blockchain protocol, Frequency, to enhance transparency, accountability, and user ownership.

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https://degen.altumbase.com/degen/503018/T8uZ6X8qXJ

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The DFSA has officially recognized Circle’s stablecoins, USDC and EURC, as approved tokens under its crypto regulatory framework. This makes them the first stablecoins to receive approval under this regime. Companies in the DIFC can now integrate these stablecoins into digital asset applications, including payments and treasury management.

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The Pig Butchering scam brought in $5.5 billion in 2024. According to Cyvers analysts, as of early 2025, this scheme poses the biggest threat to retail investors and platforms. Pig Butchering is based on gradually “fattening up” new investors to create the illusion of a growing project. This builds confidence and encourages bigger investments. Once the “piglet” reaches the desired size, it gets “slaughtered.”

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DeepSeek is considering raising external funding for the first time, according to The Information. Alibaba and Chinese state-backed funds have reportedly shown interest in investing in the company.

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Tether co-founder Reeve Collins is backing a new stablecoin project set to launch on Ethereum and Solana later this year. The project will use smart contracts to mint stablecoins, backed by RWAs. It plans to distribute profits to participants and introduce governance tokens for decentralized decision-making.

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Argentine President Javier Milei could face an impeachment trial in Congress after opposition lawmakers accused him of promoting a cryptocurrency that rapidly collapsed post-launch, causing embarrassment on the international stage.

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The 7th largest holder of BlackRock's spot Bitcoin ETF (IBIT) is the Abu Dhabi sovereign fund, Mubadala Investment Company. The total investment of the sheikhs in paper Bitcoin amounts to $461.23 million.

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Elon Musk triggered a typical Pump & Dump of meme tokens by changing his alias to Harry Bolz on the social network X. The billionaire’s actions prompted meme-token gambling traders to create dozens of coins, according to Dex Screener. One such project was launched three days prior. Following the expected pump, a rapid crash occurred as Musk reverted to his real name in his profile today.

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The total number of cryptocurrency tokens listed on CoinMarketCap has approached 11 million, largely due to the surge in meme coin launches on the Solana chain. Overall, more than 36 million altcoins now exist, a significant increase from fewer than 3,000 during the 2018 cycle and fewer than 500 in the 2013-2014 period.

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https://degen.altumbase.com/degen/503018/T8uZ6X8qXJ

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Someone hacked the SUI blockchain on December 12, 2024, stealing $29,000,000 worth of network tokens. The attacker managed to evade capture by using Tornado Cash.

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