News

Quick Take White House crypto czar David Sacks said bitcoin is an “excellent store of value” as the original and strongest cryptocurrency. Sacks said evaluating a potential bitcoin reserve is a top priority. The crypto czar also told CNBC that he wants more stablecoin innovation to happen in the U.S.

Quick Take Bullish Global, which is a subsidiary of Block.one, is mulling an initial public offering, according to Bloomberg.

Quick Take Work is already underway in the Senate to regulate stablecoins. A future market structure bill to regulate crypto as a whole will be similar to a previously introduced bill, Rep. French Hill said on Tuesday, noting its bipartisan support.

Quick Take The crypto task force, led by Republican Commissioner Hester Peirce, will work on distinguishing which “crypto assets” are securities, among a list of other priorities. The SEC is already heeding a regulatory shift for crypto following former SEC Chair Gary Gensler’s exit and as it forges on with a Republican majority

Quick Take Sol Strategies and its subsidiaries held an aggregate of 189,968 SOL, as of Jan. 31, 2025. The company also announced the resignation of CIO Moe Adham.

Quick Take Bitcoin Ordinals project Taproot Wizards is raising $30 million in a round led by Standard Crypto. The team is focused on advancing the OP_CAT ecosystem, which will expand the functionality of Bitcoin.

Quick Take Beamable has raised $13.5 million in a Series A funding round led by Bitkraft Ventures to expand the Beamable Network. The Beamable Network is a Decentralized Physical Infrastructure Network (DePIN) aimed at reducing reliance on centralized hyperscalers in gaming.

Quick Take Olas has raised $13.8 million to support the launch of its agent app store. The app store aims to let users own and control their AI agents on-chain for various use cases.

Quick Take Convenience Class creditors will see a 9% per annum interest rate based on their claim value on Nov. 11, 2022. FTX Digital Market’s liquidator, PwC, had stated that non-Convenience Class creditors are expected to receive reimbursement in the second financial quarter of this year.

Quick Take Neptune Digital Assets, a publicly traded Canadian blockchain company, bought 1 million DOGE tokens, valued at approximately $270,000, through a “strategic derivative purchase” on Dec. 27, according to a disclosure on Tuesday. Following President Trump’s recently enacted tariffs on Chinese goods, China announced retaliatory tariffs on U.S. imports, including 15% on coal and LNG and 10% on crude oil and agricultural machinery.