🔔 Binance Alpha announces new batch of projects

▶️ Latest Projects Include:

• BID
• BUZZ
• VINE

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🔔 Senator Cynthia Lummis tweets: "₿ig things are coming."

🔥 Justin Sun also hints: "Something big is cooking."

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🔔 Trump officially signs cryptocurrency executive order

• President Donald Trump signed an executive order to promote the advancement of cryptocurrencies in the U.S. and to work toward potentially developing a national digital asset stockpile.

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🚨 Rune drops 30% as THORChain suspends THORFi operations amid 'restructuring' efforts

• THORChain has paused its THORFi services due to financial uncertainties.

• A 90-day restructuring initiative has been enforced to address issues.

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🔔 Abstract Chain is now live on the mainnet and open to the public

• Abstract Chain, the Ethereum Layer 2 network linked to Pudgy Penguins, has officially launched on the mainnet and is now open for public use.

• The network is designed to support crypto communities and foster consumer-facing Web3 applications.

• Abstract has over 100 community-created apps, according to the project.

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🔔 French investigators open money laundering probe against Binance

• French investigators opened a judicial probe into money laundering, tax fraud, drug trafficking and other charges against Binance.

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🔔 YZi Labs (formerly Binance Labs) announces $16M investment in Sign

• YZi Labs made its first investment by leading a $16 million funding round for Sign, a platform designed to simplify token distribution and enable on-chain credential verification.

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🔔 Bitwise files for Dogecoin ETF

• Bitwise filed an S-1 document with the SEC for a new ETF tied to Dogecoin .

• Bitwise also has applications pending for other assets, including an XRP ETF.

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🔔 Czech Central Bank considers holding Bitcoin as a Reserve Asset

• The Czech National Bank will consider holding billions of dollars worth of bitcoin in its reserves, Governor Ales Michl said

• If approved, the bank could allocate up to 5% of its $146 billion reserves to bitcoin, potentially purchasing up to $7 billion worth of BTC.

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🔔 Trump Media and Technology Group launches Truth.Fi, expanding into Fintech with $250M Investment in SMAs, ETFs, and Crypto

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🚨 Pump. fun hit with class action lawsuit claiming all memecoins are securities

• A proposed class-action lawsuit alleges that all crypto tokens on Pump. fun are “unregistered security memecoins,” which reportedly earned the platform nearly $500 million.

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🔔 Elon Musk’s dad plans $200M raise with ‘Musk It’ memecoin

• Musk's father aims to raise up to $200 million through the memecoin project, which he intends to use to support a for-profit think tank called the Musk Institute.

• The "Musk It" token was quietly launched on December 12, 2024, by a Middle Eastern cryptocurrency company.

• Currently trading at $0.035 with a $33.74 million market capitalization, according to CoinMarketCap data.

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🇮🇳 Indian crypto holders face 70% tax penalty on undisclosed gains

• India will impose tax penalties of up to 70% on undisclosed crypto gains as part of new regulations under Section 158B of the Income Tax Act.

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🚨 Crypto market sees over $2 billion liquidated in the past 24 hours

Total Liquidations

• 1 hour: $899 million
• 4 hours: $1.28 billion
• 12 hours: $1.88 billion
• 24 hours: $2.21 billion

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🔔 THORChain plans to tackle $200 million debt crisis by issuing TCY equity tokens

• THORChain’s governance approved a proposal to address a nearly $200 million debt crisis.

• The approved plan involves converting defaulted debt into equity by issuing creditors a new token called TCY.

• TCY token holders are entitled to 10% of THORChain’s revenue in perpetuity.

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🔔 Crypto Liquidations cross $8B–$10B, says Bybit CEO

• Ben Zhou, CEO of Bybit, says total liquidations in the crypto market today exceed $2 billion.

• He estimates the actual figure to be between $8 billion and $10 billion.

• Bybit’s 24-hour liquidations were $2.1B, but Coinglass recorded only $333M, which isn’t the full amount.

Source

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🇮🇳 WazirX creditors may wait until 2030 for repayments.

• After the July 2024 cyberattack, WazirX is presenting two options for creditors:

◾️Option 1 – Vote YES to support WazirX in launching a new DEX, with potential asset recovery and profit-sharing benefits.

◾️Option 2 – Vote NO and face an uncertain wait until 2030 for a possible FIAT payout after lengthy legal proceedings.

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