DOJ Wins Approval to Liquidate Seized Bitcoin From Silk Road Case

Sonic SVM will hold its token generation event on January 7, 2025, for its TikTok tap-to-earn game players to receive airdropped tokens based on their in-app progress. The SONIC token will be the backbone of the tap-to-earn ecosystem, with 7% of the total supply allocated for the initial airdrop claim.

Gemini Trust Company, linked to the Gemini crypto exchange by the Winklevoss twins, will pay a $5 million civil penalty to resolve a CFTC lawsuit accusing it of misleading regulators. The settlement prevents a trial scheduled for January 21.

Bitcoin's price surged above $102,000 as the U.S. dollar weakened amid reports of a potential limited tariff plan by President-elect Donald Trump's team. The plan could focus on critical imports, impacting Bitcoin's valuation due to its correlation with the dollar.

PENGU token and Pudgy Penguin NFTs are gaining value ahead of the Abstract mainnet launch by Igloo Inc. PENGU's price surge is accompanied by a rise in total holders, indicating reduced sell pressure.

MicroStrategy has purchased over $100 million worth of Bitcoin, bringing their total holdings to 447,470 BTC valued at $45.5 billion. The company has been consistently buying Bitcoin weekly since November 2024, with decreasing amounts recently due to rising Bitcoin prices.

Memecoins gifted to Vitalik Buterin were sold off, causing price fluctuations and rallies in tokens like Estee and Marvin Inu. Buterin often donates proceeds from these sales to charity, using the money for good causes.

Bitcoin, with an uptime of nearly 99.99% since its launch in 2009, is considered by Riot Platforms executive Pierre Rochard to be the most reliable monetary system. Despite two downtime events in 2010 and 2013, Bitcoin has operated without issues for years, processing trillions in transactions annually.

Dogecoin, once aiming for a $1 price, fell short in 2021 but is now surging towards that milestone, with Galaxy Digital predicting a $100 billion market cap by 2025.

Bitcoin surged past $100,000, driven by positive sentiment from last year's rally. Despite a recent drop, it remains below its all-time high of $108,135. The market is optimistic, with popular digital assets aiming for recovery after the Federal Reserve's announcement.

Pump.fun has dominated Solana network transactions, accounting for 70% over two days. Its influence surged after disabling the controversial streaming feature in November, with 71.1% of tokens created on Saturday.