North Dakota Takes First Steps Towards State Bitcoin Reserve

While major cryptocurrencies like Dogecoin are down, Fartcoin has surged 13% in the last 24 hours, nearing a $1 billion market cap. Fartcoin's rise is fueled by a community of traders embracing its quirky nature and catchphrases.

SatLayer is extending Bitcoin's use in decentralized finance to Sui, a layer-1 blockchain known for fast transaction speeds. By integrating with Sui, developers can tap into Bitcoin's vast footprint to build DeFi applications, enhancing the ecosystem's tools and possibilities.

Arthur Hayes, former BitMEX CEO, predicts a potential Bitcoin sell-off coinciding with Donald Trump's presidency due to unrealistic expectations from crypto investors. Hayes doubts Trump's ability to fulfill promises of making America a crypto capital and establishing a Bitcoin reserve.

Dylan Meissner, a former Delphi Digital VP, was sentenced to four years in prison for embezzlement. He stole $4.6 million and created false entries in accounting records to cover his tracks.

Chaincode Labs has awarded its first Bitcoin Scholarship to 17-year-old Ishaana Misra, the youngest contributor to Bitcoin Core. The scholarship covers one year's academic expenses and aims to encourage young people to pursue careers in Bitcoin development.

Crypto.com has surprisingly withdrawn its lawsuit against the SEC, challenging the regulator's authority on labeling digital assets as "crypto asset securities." The decision follows a meeting between the CEO and President-elect Trump, discussing crypto regulations and a national Bitcoin reserve proposal.

The Philadelphia 76ers have partnered with Crypto.com to release "Spectrum Sprint," a Web3 mobile game featuring pixel art and challenges based on Philadelphia landmarks. Players can compete for prizes like courtside seats and VIP experiences, with a leaderboard tracking top performers.

Metaplanet announced its Bitcoin Treasury Operations as a new core business line, aiming to increase Bitcoin holdings and revenue. Despite the ambitious move, the company's stock fell by 13.73% due to mixed investor sentiment and concerns over Bitcoin's volatility.

Binance was sued by the Australian Securities and Investments Commission for misclassifying over 500 retail customers on its Australian derivatives exchange, exposing them to high-risk products without proper consumer protections. The lawsuit alleges inadequate compliance systems and significant financial losses for many clients.

Crypto.com withdrew its lawsuit against the SEC and CEO Kris Marszalek met with President-elect Donald Trump to discuss cryptocurrency regulations and a potential national Bitcoin reserve. The company aims to collaborate with the new administration on developing clear regulations for the industry.