Citi Predicts Stablecoins May Grow to $1.6 Trillion by 2030

Anchorage Digital has announced the acquisition of stablecoin issuer Mountain Protocol to enhance institutional stablecoin support. The move aims to integrate Mountain's technology and team into Anchorage's operations pending regulatory approval. Stablecoins are gaining importance in the digital economy, with a potential market growth to trillions of dollars.

Craig Wright has been issued a General Civil Restraint Order by a UK court, preventing him from filing legal claims without High Court permission. The order may be extended and failure to comply could lead to contempt of court charges.

Bitcoin and major altcoins initially surged on Monday but later dipped as the U.S. and China announced a reduction in tariffs, impacting investor sentiment. The easing of trade tensions led to Bitcoin briefly hitting $105,500, a response to the tariff truce between the two countries.

Coinbase considered allocating 80% of its balance sheet to Bitcoin but decided against it due to fears of potential harm to the company. The CEO highlighted the risk of Bitcoin's volatility affecting the company's growth during its early stages.

Strategy, led by Michael Saylor, purchased 13,390 BTC for over $1.34 billion, increasing its total holdings to 568,840 BTC worth $59 billion. The company, formerly MicroStrategy, is the largest corporate holder of Bitcoin, with an average purchase price of $69,287 per coin.

The number of electricity thefts in Malaysia surged by 300% from 2018 to end-2024, primarily driven by illegal crypto mining activities. Joint operations involving Tenaga Nasional Berhad, the Energy Commission, and the police led to the detection of these cases.

Frank DeGods, also known as Rohun Vora, has stepped down as CEO of the NFT project DeGods, citing a potential hindrance caused by the focus on his personal brand. Vora denies any illegal activities and dismisses accusations of being "on the run" or under investigation.

Meme coins like Moo Deng, Dogecoin, and Shiba Inu have surged in value, with MOODENG gaining 533% and Dogecoin rising 42% in the past week. The wider crypto market has also seen gains, with Bitcoin surpassing $100,000 and Ethereum passing $2,500.

KindlyMD, Inc. has agreed to merge with Nakamoto Holdings Inc., securing $710 million in financing. The merger aims to establish a publicly traded company focusing on a Bitcoin treasury strategy, with David Bailey as CEO and Tim Pickett overseeing healthcare operations.

Bitcoin ETFs led the way in attracting funds to crypto last week, with $867 million of the $882 million in net deposits going to these funds. Despite Ethereum's 40% price increase, institutional investors showed little interest in Ethereum ETFs, with only $1.5 million in inflows.