New Solana Meme Coin WEN Pops After Huge Airdrop

WebN Group, the blockchain incubator supported by Alan Howard, is shutting down after backing various digital startups. The incubator also received funding from Nomura's crypto partnership. Despite this closure, Howard's interest in digital assets remains unaffected.

Octane Security, an AI-native security firm, discovered a critical bug in the Nethermind Ethereum client, potentially affecting 40% of Ethereum validators. The bug was promptly fixed, preventing any exploitation that could have disrupted Ethereum's operations.

Dutch crypto investors may soon see relief as the government plans to amend a tax law that would impose a 36% tax on unrealized gains. The controversial legislation, if passed, could lead to hefty tax bills even if investments lose value.

The UK's Joint Committee on the National Security Strategy has recommended temporary restrictions on crypto donations to prevent foreign interference in politics. The committee suggested measures such as banning crypto donations until proper legislation is in place and ensuring donations are converted to sterling promptly.

U.S. Senator Richard Blumenthal has initiated a preliminary inquiry into Binance over alleged $1.7 billion transactions with Iranian entities and Russia's sanctions-evading oil trade. Binance denies the allegations and demands corrections from The Wall Street Journal, emphasizing strengthened compliance controls.

Circle's USDC circulation surged 72% year-on-year to $75.3 billion in Q4, with transaction volume spiking 247% to $11.9 trillion. Despite a slight dip in market capitalization, USDC rebounded to nearly $75 billion.

Chief investment officers at the iConnections conference discussed the need for endowments to reconsider investment strategies due to lower expected returns from traditional assets. The pressure to meet payout requirements is leading investment teams to explore new strategies, including venturing into cryptocurrency markets.

Bitcoin is on track for its worst losing streak in over seven years, with a 48% drop from its all-time high. Various factors like trade wars, AI concerns, and regulatory uncertainties are contributing to the decline. The market is experiencing a shift from previous bullishness.

Polkadot, Solana, Bittensor, and Uniswap led an altcoin rally ahead of Nvidia's earnings report, with gains seen across major tokens. The surge pushed the total crypto market cap up 3.7% to $2.34 trillion, liquidating over $325 million in positions.

The U.S. Attorney's Office for the Eastern District of North Carolina has announced the seizure of $61 million in Tether's USDT stablecoin linked to a cryptocurrency fraud scheme. Victims of the pig butchering scam were lured into fake trading platforms promising high returns, only to have their funds stolen and laundered through multiple wallets.