Timmy Shen

Timmy Shen

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ICYMI over the weekend — here’s a quick crypto news wrap 👇 ⛏️ Bitcoin mining difficulty fell 11%, marking its largest negative adjustment since China’s 2021 ban. 🚨Two teens faced felony charges after allegedly driving 600 miles in an attempted $66 million crypto robbery, according to reports. 🧠 CoinShares said only ~10,200 BTC were at real risk from quantum computing, pushing back on what it called “overblown” estimates. ✂️ Layoffs: Jack Dorsey’s Block was reported to be cutting up to 10% of its workforce as part of a fresh efficiency push, according to Bloomberg. 🤖 Crypto[dot]com CEO Kris Marszalek reportedly bought the AI[dot]com domain for $70 million in crypto, with plans for a Super Bowl debut. 💸 Funds watch: Crypto liquid funds adjusted strategies in response to bitcoin’s crash, highlighting divergent approaches amid heightened volatility.

Bitcoin $BTC slid below $71,000 late Wednesday, its lowest level since October 2024, as risk-off pressure rippled through global markets. Analysts pointed to long liquidations, tech-stock contagion from the U.S. sell-off, and continued ETF outflows driving the move. Crypto stocks also slid, with Coinbase closing down 6.1% and Bitmine down 9.2%. full story 👇

Kevin Warsh has surged to the front of the race to become President Donald Trump’s next Fed chair — and prediction markets are screaming it. Polymarket bettors priced Warsh’s odds at 93% late Thursday, up sharply from 39% earlier in the day, while Kalshi showed his probability climbing to 94%. Notably for crypto watchers, Warsh has expressed relatively positive views on bitcoin, calling it a potential “sustainable store of value, like gold” in a 2018 Wall Street Journal op-ed. full story ⏬

Hong Kong's Hang Seng has launched a physically backed gold ETF featuring a tokenized share class issued on Ethereum, bringing crypto rails into a traditional commodity ETF. The gold ETF debuted Thursday under ticker 03170, jumping about 9% in early Asia trading. The tokenized units are initially issued on Ethereum and may be expanded to other public blockchains in the future, according to its prospectus. full story⏬

A South Dakota lawmaker is reviving a push to bring bitcoin into state finances. Republican Rep. Logan Manhart introduced House Bill 1155, which would allow the state to invest up to 10% of eligible public funds in bitcoin. It’s a renewed effort after a similar bill stalled last year when it ran out of time in the legislature. full story ⏬

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