Here is what happened yesterday in the crypto market:
Trump’s Bitcoin Reserve Order and Market Reactions
President Trump signed an executive order to establish a strategic Bitcoin reserve, initially funded by seized assets. The move led to mixed reactions, with Bitcoin experiencing volatility and a subsequent price drop before recovering. Some analysts view the reserve as bullish, potentially encouraging wider Bitcoin adoption and reducing the possibility of a government ban. Read more
Coinbase Plans to Expand U.S. Hiring
Coinbase CEO Brian Armstrong announced plans to hire an additional 1,000 employees in the U.S., citing President Trump’s supportive crypto policies as a factor in the decision. This expansion signals a positive outlook for the crypto industry within the United States. Read more
Gemini Exchange Files for IPO
Crypto exchange Gemini, backed by the Winklevoss twins, has confidentially filed for an initial public offering (IPO). This move suggests increasing maturity and confidence in the future of the cryptocurrency market, as well as desire to involve in the traditional stock market. Read more
How North Korea Launders Stolen Crypto
North Korea continues to launder billions in stolen cryptocurrency through hacks and other means, posing significant challenges to international law enforcement efforts. Understanding these methods is crucial for preventing further illicit activities in the crypto space. Read more
Ripple Co-founder’s XRP Theft Linked to LastPass Breach
The $150 million XRP theft from Ripple co-founder Chris Larsen is now linked to a LastPass breach. This highlights the importance of robust security measures for crypto users, including secure password management practices. Read more