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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.
- 14:46Famous Rapper Drake Mentions Bitcoin in New SongAccording to a report by Bitcoin Magazine, as cited by Jinse Finance, renowned rapper Drake mentioned Bitcoin in his new song. In the lyrics, Drake wrote: "I look at this the way I look at Bitcoin. It might go down this week, but it could go up next week."
- 14:29Cango: Total Bitcoin Holdings Increase to 3,941.3, No Sales Reported So FarThe New York Stock Exchange-listed Bitcoin mining company Cango announced on the X platform that it mined 120.7 Bitcoins last week, marking its highest weekly output since April. Cango's total Bitcoin holdings have now reached 3,941.3 coins, with no sales transactions reported so far.
- 14:23Vitalik Buterin: Many institutions value Ethereum for its stability, reliability, and zero downtimeAccording to Jinse Finance, cryptocurrency founders, developers, and several institutional giants have gathered in Cannes, France for the Ethereum Community Conference (EthCC), where institutional adoption of Ethereum is accelerating. BlackRock, Deutsche Bank, and certain exchanges are all building directly on its infrastructure. In an interview with CNBC in Cannes, Ethereum co-founder Vitalik Buterin stated that people often assume institutional investors only care about scale and speed—but in reality, the opposite is true. Many institutions say they value Ethereum because it is stable, reliable, and never goes offline. They hope that future generations will look back and see a network that truly provides open, free, and permissionless access for the public. Tomasz Stańczak, the new Co-Executive Director of the Ethereum Foundation, added that the core reason institutions choose Ethereum is the same: for ten years, Ethereum has never stopped. When institutions send orders to the market, they want absolute assurance that their orders are treated fairly, with no preferential treatment, and that trades are executed at the time of delivery. As stablecoins and tokenized assets become mainstream, these guarantees are becoming increasingly valuable.