Gemini's Stock Surges After Hours Following 30% Cut to its Workforce

Two Hyundai Group buildings in Seoul, South Korea were evacuated due to a bomb threat demanding 13 Bitcoin as ransom. The caller threatened to detonate a bomb if the ransom was not paid, leading to a search by special forces with no explosives found.

Analysts predict a potential surge in Bitcoin's price to $1.42 million by 2035, with a bull case of $2.95 million. Factors such as institutional adoption and regulatory clarity could drive this growth, making Bitcoin a dominant store of value globally.

The Federal Reserve is seeking public feedback on its proposal for a "skinny" payment account, a modified version of master accounts for crypto banks. This move could potentially revolutionize the U.S. banking system by allowing crypto banks access to the Fed's payment rails.

Kaspersky has discovered a new infostealer malware called Stealka, hidden in pirated mods for games like Roblox. This malware targets sensitive information from browsers, browser extensions, cryptocurrency wallets, and other apps, potentially putting users at risk.

In 2022, Jeff Yan witnessed Sam Bankman-Fried's FTX collapse, inspiring him to create Hyperliquid. Three years later, Hyperliquid has become a successful decentralized exchange, generating billions in trading volume without venture capital funding. The platform popularized perpetual futures, offering leverage up to 40x.

Citigroup's analysts, led by Peter Christiansen, remain bullish on digital assets stocks despite recent market declines. Circle Financial (CRCL) is their top pick, with a $243 price target, while Bullish (BLSH) and Coinbase (COIN) are also favored. Price targets for these stocks have been adjusted to reflect market conditions.

A criminal group in South Chungcheong province printed fake Korean won bills to scam cryptocurrency traders in face-to-face transactions. The suspects were found with 9,188 counterfeit notes worth $330,000, using a color printer to produce the fake money.

A group of 19 House Republicans is urging the Trump administration to repeal the 2023 IRS rule that taxes staking rewards immediately upon receipt. They argue that staking rewards should be treated as new capital property and taxed only when the funds are sold off.

JPMorgan Chase & Co. predicts stablecoin supply may reach $500 billion to $600 billion by 2028, driven by crypto trading and DeFi needs. The stablecoin market has grown to about $308 billion this year, with Tether's USDT and Circle's USDC leading the way.

World Liberty Financial's proposal to spend WLFI tokens on partnerships for its USD1 stablecoin has sparked mixed reactions among token holders. While some support the idea, others fear it could harm locked holders by devaluing the WLFI token.