North Dakota Takes First Steps Towards State Bitcoin Reserve

BlackRock's iShares Ethereum Trust ETF has seen a surge in investor allocations, with $1.5 billion in net inflows since November 20. The Fidelity Ethereum Fund also experienced a record day of net inflows, attracting $200 million on Thursday.

The supposed peace treaty between the CHILLGUY meme coin team and the creator turned out to be a hoax spread by a hacker, causing the token's value to plummet by over 25% in just 30 minutes. The creator's account was hacked, leading to false licensing claims and subsequent chaos in the crypto market.

BiT Global has filed a lawsuit against Coinbase, accusing the exchange of unfairly delisting the largest Wrapped Bitcoin token, WBTC. The lawsuit claims that Coinbase's actions violate federal and state laws, alleging a "predatory and unfair" move.

Riot Platforms, a Bitcoin mining firm, raised $525 million through a private offering and used it to purchase 5,117 BTC at an average price of $99,669 per coin. This increased the firm's total holdings to 16,728 BTC, valued at approximately $1.69 billion.

Coinbase Europe will delist several stablecoins, including USDT, due to the new MiCA regulation. Other affected stablecoins include PAX, PYUSD, GUSD, GYEN, and DAI. Tether is finalizing plans for the region amidst concerns about new regulations.

Polymarket, founded by Shayne Coplan in 2020, has become a significant player in the crypto industry, attracting attention for its blockchain-based prediction platform. Despite facing allegations of market manipulation and a recent FBI raid, Coplan remains focused on navigating the platform's success.

The Bank of England is requiring firms to report their exposure to cryptocurrencies by March 24, 2025, to enhance financial stability and develop a regulatory framework. The directive mandates disclosure of current holdings, future plans, and risk management strategies for crypto assets.

Byte Federal, a major US Bitcoin ATM company, experienced a data breach affecting 58,000 customers, with no evidence of misuse. The breach, discovered a month later, was due to an exploited third-party service and outdated system vulnerabilities.

A Bitcoin investor from the Satoshi era was sentenced to two years in prison for underreporting capital gains from selling $3.7 million worth of BTC, marking the first U.S. criminal tax evasion case focused solely on cryptocurrency. The investor misrepresented figures to his accountant and tax filings, resulting in a tax loss of over $1 million.

A Polygon DAO community cohort is considering using over $1 billion in idle stablecoin reserves held on the Polygon PoS Chain bridge to capture yields, potentially generating an additional $70 million annually. The plan involves managing USDC and USDT through Morpho Labs' vaults for a conservative 7% annual return.