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Fidelity Digital Assets forecasts a revolutionary uptick in the crypto market as countries are expected to incorporate Bitcoin into their national strategic reserves by 2025. According to the firm’s research analyst Matt Hogan, the move will likely spark considerable growth, drawing on the positive outcomes seen in early adopters like Bhutan and El Salvador. Hogan emphasizes that the risk of not including Bitcoin could outweigh the potential downsides due to escalating fiscal challenges globally.
The momentum doesn’t stop there. Hogan predicts that the adoption of Bitcoin strategies by nations will likely be conducted in secrecy to avoid premature price surges, a strategic move as countries navigate the volatile market conditions. This discreet accumulation could set a new precedent in the management of national reserves.
Moreover, 2025 is poised to be a milestone year for digital assets, with expected breakthroughs in tokenization and structured financial products linked to cryptocurrencies. Hogan suggests that the surge in onchain token value and the mainstreaming of Bitcoin and Ether products will herald a new era in traditional finance, marking a pivotal moment for digital assets worldwide.
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Backpack, a crypto wallet and exchange popular among Solana users, has acquired FTX EU for $32.7 million.
In buying the defunct exchange’s European arm, Backpack — which was started by FTX and Alameda alumni — gets access to more than 110,000 former FTX EU users, Backpack CEO Armani Ferrante told me. On top of that, it inherits FTX EU’s European regulatory license that will let European users trade perpetual futures, which are very popular among crypto traders.
Ferrante said the deal was signed back in April of 2024, and Backpack spent the next eight months going through due…
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Core Scientific got a lot of attention in 2024 for its hosting deals with cloud provider CoreWeave.
But Hut 8’s plans to lease data center space to its own — for now unknown — AI hyperscaler may put it in an even stronger position than its rival, one analyst argues.
Various bitcoin miners embarked on revenue diversification efforts last year — particularly after last year’s Bitcoin halving. This included a focus on building out HPC verticals to support AI applications.
CORZ stock shot up roughly 300% in 2024 after emerging from bankruptcy and relisting on the Nasdaq…
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The so-called “Trump effect” on crypto has materialized — at least for one prominent crypto player — in the form of a stateside hiring spree.
Ripple is seeking new pros across all departments. Roughly three-quarters of its open positions are based in the US, including those in its recently expanded San Francisco and New York offices.
Open roles include a general compliance manager and financial systems lead of enterprise performance management in San Fran, as well as a KYC/due diligence specialist in NYC. Also a bunch of engineers.
The pick-up in hiring reflects…
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We got another expected Biden-era cabinet member resignation today: CFTC Chair Rostin Behnam will step down from his position on Inauguration Day and leave the agency altogether in early February.
Behnam, a Democrat nominated to the commission by Donald Trump in 2017, became acting chair after President Joe Biden was inaugurated. He was later confirmed by the Senate in December 2021.
Trump is expected to name either Caroline Pham or Summer Mersinger, both sitting Republican commissioners, as acting chair later this month. He may or may not opt to bring in a new candidate for Senate…
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I’ve been thinking about this a lot lately: Bitcoin Layer 2 foundations need to start holding bitcoin in their treasuries. It makes too much sense for them not to.
And apparently I’m not the only one.
As someone who’s watched this space evolve, let me explain why Bitcoin Layer 2 foundations should listen to Molly and I.
For years, bitcoin was known as “digital rock”—a solid store of value but not much else. But now with the explosion of Bitcoin Layer 2s,…
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Thumzup Media Corp has taken a significant leap into the cryptocurrency world by acquiring $1 million in Bitcoin, marking a strategic enhancement to its financial portfolio. On January 6, 2025, the company secured 9.783 Bitcoins at an average price of $102,220 each, covering all fees and expenses. This purchase aligns with their innovative approach to asset management.
The company is pushing boundaries further by seeking approval from its Board of Directors to allocate up to 90% of its liquid assets in Bitcoin. Thumzup has partnered with Coinbase Prime for custodial services, ensuring their Bitcoin holdings are managed securely through state-of-the-art self-custodial wallet services.
Thumzup’s forward-thinking strategy extends to its payroll practices, with plans to compensate gig-economy workers in Bitcoin. This move adheres to all relevant laws and regulations, positioning Thumzup as a pioneer in integrating cryptocurrency into traditional business operations.
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Before “AI” came to be synonymous with “agents,” there were far humbler AI projects with functional use cases. Grass was one such DePIN project on Solana.
The Grass elevator pitch: Big Tech bad because it scrapes your data on the internet for their profit, Grass good because you can now use it to activate your idle internet bandwidth to sell that access.
Rather than buying it from Big Tech, AI companies (or businesses that find it useful to track media sentiment) that want your textual data can now purchase it from you via Grass as an intermediary.
Grass blew up mid-2024,…
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