FTX Recovery Trust to Distribute $2.2 Billion to Creditors on March 31

SharpLink Gaming, a publicly traded Ethereum treasury firm, plans to lead the way in utilizing ETH for digital asset treasuries in 2026. With over 865,000 ETH worth $2.75 billion, the firm has deployed $170 million for incentives and staking on Linea.

A civil forfeiture action was filed to recover $200,000 in USDT linked to a crypto scam targeting a Massachusetts resident through a Tinder romance scam. Pig-butchering schemes, like this one, have seen a rise in crypto-related crimes, with recovery efforts proving challenging.

Michael Saylor, owning over 650,000 Bitcoin, criticized the Bitcoin treasury space slump and defended his company's debt-to-buy-Bitcoin model. He argued that issuing securities for Bitcoin is rational for any company, regardless of profitability.

Bitcoin has surged over 2% in the last 24 hours, reaching $93,000, with trading volume increasing by 20% to $88.9 billion. Analysts note a rise in volume but a defensive sentiment among traders, as reflected in the Fear & Greed Index.

BNB Chain is set to undergo its third major upgrade, named Fermi, on January 14, which will increase block production speed by 40%. This upgrade aims to enhance network responsiveness and resilience, especially during high-volatility market scenarios.

KRAKacquisition Corp., a SPAC sponsored by Kraken, plans a $250 million public offering on Nasdaq. The units include Class A shares and warrants for future stock purchases, with Santander as the sole book-running manager. The firm, formed with Kraken and venture capital firms, aims to merge with any business.

The draft "Clarity Act" from the Senate Banking Committee could reclassify tokens like XRP, Solana, and Dogecoin as non-securities, aligning them with Bitcoin and Ethereum. This move aims to provide regulatory relief and institutional access for these cryptocurrencies.

Polygon Labs announced its acquisition of Coinme and Sequence for $250 million, aiming to enhance its toolkit for managing digital assets. The move signifies a shift towards regulated payments and infrastructure solutions in anticipation of a growing economy centered around stablecoins and tokenized securities.

Fidelity Digital Assets released a 26-page report on Bitcoin, addressing issues like block space demand, governance tensions, and quantum preparedness. The report highlights Bitcoin's role as a macro asset influenced by liquidity cycles and institutional flows.

Korbit will not appeal a $2 million fine and official warning for AML protocol failures. Mirae Asset plans to take over the struggling exchange, whose market share has dropped to 0.5%.