Crypto Wallet Makers Metamask, Phantom May Be Liable for Lost User Funds

Wyoming Senator Cynthia Lummis is reportedly set to lead a new subcommittee on digital assets, an offshoot of the Senate Banking Committee. South Carolina's Tim Scott, the new chairman, has expressed support for crypto's potential to democratize finance. The House of Representatives also has a similar subcommittee under new leadership.

The SEC's first deadline to approve four Solana ETFs is approaching, but experts anticipate approval delays. The market watchdog is unlikely to approve the applications by the January 25 deadline, with a potential delay to the second deadline on March 11 expected.

JPMorgan's research report highlights the impact of the EU's MiCA regulations on stablecoins. Compliance with MiCA is crucial for stablecoins to be used in regulated markets, leading to the strength of compliant stablecoins like Circle's EURC and challenges for non-compliant ones such as Tether's EURT.

James Howells, an IT engineer from Newport, Wales, lost his legal battle to recover 8,000 Bitcoin from a hard drive discarded in a landfill in 2013. Despite offering a recovery plan and compensation, the council denied access due to environmental concerns.

Ira Auerbach, former Nasdaq digital assets head, has joined Offchain Labs to lead Tandem, the Ethereum scaling project's venture capital division. Auerbach's background includes roles at Nasdaq, Gemini, Palantir, and BGC Partners, showcasing a trend of traditional finance professionals moving into the crypto space.

American crypto-related firms are donating millions to Donald Trump's inauguration committee, seeking to curry favor with the incoming president and his administration. Ripple, Robinhood, Coinbase, Circle, Kraken, Moonpay, and Ondo Finance are among the companies contributing substantial sums to support the event.

The Machines Arena will be available on Steam and PlayStation 5, but due to restrictive crypto policies, these versions will lack crypto features present in the Epic Games Store and Android versions. The game offers play-to-airdrop campaigns and NFT trading on the Ethereum sidechain Ronin.

Dogecoin, one of the top cryptocurrencies, experienced a significant drop from its recent high of $0.40 to $0.314 in just two days. Bitcoin also fell from over $100,000 to $91,250, with Solana being the biggest loser this week.

The CFTC subpoenaed Coinbase for customer information related to Polymarket, a blockchain prediction platform. The request was confirmed by a person familiar with the matter and shared by Eric Conner on social media.