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FTX to start creditor repayments via BitGo on February 18, 2025, with 9% interest added. Larger claims remain pending.
The proposed legislation would allow the state treasurer to invest public funds exclusively in Bitcoin (BTC) to establish an “Ohio Bitcoin Reserve Fund.”
Support truly promising projects, rather than those driven by short-term speculation.
Quick Take The SEC asked for comments to be filed 21 days after being published in the Federal Register. Over the past few weeks, firms have flooded in with proposals from funds based on DOGE among other cryptocurrencies, seemingly in hopes that a change in leadership at the SEC could be friendlier to approve crypto ETFs.
Quick Take World Liberty Financial co-founder Chase Herro said on Thursday that the platform plans on creating a “strategic reserve” with the tokens it purchases, according to a report from Bloomberg. The DeFi project is backed by President Donald Trump.
Quick Take The SEC has asked the public for comments in a notice that acknowledges a 19b-4 filing from NYSE Arca, which proposes to list and trade the Grayscale Solana Trust. The SEC is accepting comments on the proposal for 21 days following its publication in the Federal Register.
- 08:38Bitcoin Whale Moves $4.76 Billion in BTC to New Wallet 7 Hours AgoOdaily Planet Daily News: According to monitoring by Spot On Chain, about 7 hours ago, an early Bitcoin whale once again transferred 40,192 BTC (approximately $4.76 billion) to a new wallet. Two days ago, this whale had transferred 40,009 BTC (about $4.71 billion) to Galaxy Digital and exchanges. At that time, the price of Bitcoin was around $117,685, and then dropped to $115,967 within 12 hours.
- 08:37Pakistan and El Salvador Establish Cryptocurrency-Based Bilateral RelationsAccording to a report by Jinse Finance, citing Bloomberg, Pakistan and El Salvador are establishing a knowledge-sharing partnership based on cryptocurrency. Bilal Bin Saqib, Special Assistant for Cryptocurrency and Blockchain in Pakistan, met with El Salvador's President Nayib Bukele in San Salvador to outline a partnership focused on cryptocurrency. Pakistan is considering establishing a Bitcoin reserve and has allocated 2,000 megawatts of electricity for Bitcoin mining. The federal government of Pakistan has also established the Pakistan Virtual Assets Regulatory Authority (PVARA), which is responsible for regulating the country's digital asset industry. PVARA will operate as an independent regulatory body, responsible for licensing, supervising, and managing virtual asset service providers, while ensuring compliance with international standards, including adherence to guidelines set by the Financial Action Task Force (FATF).
- 08:06South Korean lawmaker calls for hefty fines against a certain exchangeAccording to a report by Jinse Finance, Min Byung-deok, a member of South Korea’s Democratic Party, stated on the 17th that a certain virtual asset exchange should be fined up to 183 trillion won for large-scale violations of customer identification (KYC) and other regulations. An investigation by the Financial Intelligence Unit (FIU) found approximately 9.57 million legal violations at the exchange, including 9.34 million KYC breaches, particularly cases where outdated images were used during required identity re-verification. Although the FIU has imposed a three-month partial business suspension on the exchange and disciplinary action against 10 individuals, the amount of the fine has not yet been determined. Representative Min criticized this as a reflection of inadequate internal controls at the exchange and regulatory negligence by the authorities.