CFA Report Pegs US Crypto Fraud Losses at $80.7B

Myriad users predict a 62.5% chance Ethereum will drop to $2,500 before reaching $4,000 again. Despite recent price fluctuations, Ethereum's long-term sentiment remains stable, with validators showing commitment to the network's security measures.

Steak ‘n Shake is partnering with Fold to provide hourly employees with a Bitcoin bonus of $0.21 per hour, which will fully vest after two years. This move has received mixed reactions, with some praising the initiative while others criticize it.

President Trump's comments at Davos caused significant market swings, leading to over $1 billion in crypto liquidations. Despite Bitcoin rebounding above $90,000, the market remains volatile with Ethereum surpassing $3,000 and XRP rising over 3%.

Saga EVM blockchain paused operations after a $7 million hack, minting D tokens and bridging funds to Ethereum. The exploit's cause remains uncertain, with speculation on a private key compromise or IBC mechanism abuse.

Newrez, a national wholesale mortgage lender, plans to assess Bitcoin and Ethereum for mortgage qualification, targeting Gen Z home buyers with crypto assets. The company will value digital assets at a discount due to volatility, requiring assets to be held with regulated entities.

Hong Kong plans to issue stablecoin licenses under the new regime starting in the first quarter of this year. Companies must comply with reserve asset requirements, client fund segregation, and anti-money laundering rules to obtain approval from the Hong Kong Monetary Authority.

According to analysts at Compass Point, betting on Bitcoin before it reaches $98,000 may not be advisable due to recent price fluctuations. Long-term holders have been selling less, while short-term holders are sensitive to price swings, with Bitcoin hovering around $90,000.

A Russian court ruled that cryptocurrency is subject to property laws, impacting future civil and criminal cases. The decision emphasizes the need for legal clarity and protection for crypto holders.

President Donald Trump expressed hope to sign the crypto market structure bill soon, emphasizing the importance of unlocking new pathways to financial freedom. The bill faced challenges after Coinbase withdrew support due to concerns over limitations on offering yield on stablecoins.

The Central Bank of Iran purchased $507 million in Tether's USDT over a year to stabilize the Iranian rial and facilitate international trade, using a network of crypto wallets. Elliptic's research revealed the CBI's strategic use of USDT to evade sanctions and support the currency.