North Dakota Takes First Steps Towards State Bitcoin Reserve

BonkDAO's "BURNmas" campaign aims to burn over 1.6 trillion BONK tokens, valued at $53.5 million, to increase the memecoin's scarcity. This deflationary event involves community activities like tweeting #LetsBonk and betting on BONKbets to remove tokens from circulation. The upcoming burn will eliminate nearly 1.8% of BONK's total supply.

Telegram, the popular messaging app, reported its first profit in 2024, generating over $1 billion in revenue. Founder Pavel Durov, currently on bail in France, mentioned the app's success without specifying exact figures, but noted a significant increase in premium account subscriptions.

A six-year ban on crypto mining in 10 Russian regions due to high power consumption will be in effect from Jan. 1, 2026, to March 15, 2031. The ban includes participation in mining pools and temporary restrictions during peak demand periods.

Matador Technologies, a Canadian crypto firm, plans to use Bitcoin as a treasury reserve asset, with a $4.5 million purchase scheduled. The company aims to launch a platform for trading digital representations of gold by early 2025.

Metaplanet, a Japanese investment firm, recently purchased 619.7 Bitcoin for $60.5 million, marking its largest single buy of the cryptocurrency. Following the footsteps of MicroStrategy, Metaplanet now owns a total of 1,761.98 Bitcoin, valued at over $164 million.

Last week, cryptocurrency funds saw a significant decrease in inflows after a record day of outflows following a Federal Reserve speech. Investors pulled out a total of $1 billion, with a shift likely in response to the Fed's hawkish stance on interest rates.

Sonic SVM will airdrop SONIC tokens on the Solana blockchain to all users of the TikTok tap-to-earn game SonicX. The game, featuring Sonic the Hedgehog-inspired artwork, has attracted 2 million users without the need for a crypto wallet or transaction signing.

North Korean hackers targeted Hyperliquid, a DeFi project, resulting in a $500,000 loss. The project's vulnerabilities make it a prime target for hackers to potentially gain control of billions of dollars. Despite reassurances, experts suspect hackers may have already infiltrated Hyperliquid's infrastructure. The platform has seen its largest daily USDC outflows to date so far on Monday.

Sonic, a Solana-based blockchain, will airdrop SONIC tokens to its TikTok users, leveraging the platform's seamless experience. The game SonicX, with 2 million TikTok users, aims to improve user retention by utilizing existing onboarding procedures.

MicroStrategy disclosed a $561 million Bitcoin purchase, funded by stock sales, increasing its holdings to 444,262 BTC. The company, now part of the Nasdaq-100 index, has bought 192,000 BTC since November 11, totaling $18 billion.