Headlines
Tesla Reveals 11,509 BTC Holdings in SEC Filing
Tesla’s 10-K filing with the SEC confirmed holdings of 11,509 BTC, marking its first official disclosure. This aligns with earlier data from Arkham Intelligence.
Musk’s $97.4B Bid to Seize OpenAI Control
Elon Musk-led investor consortium offered $97.4 billion to acquire OpenAI’s nonprofit parent, escalating his feud with CEO Sam Altman. Musk’s legal team submitted the unsolicited bid to OpenAI’s board, challenging Altman’s plans to transition OpenAI into a for-profit entity. Musk stated, "It’s time to restore OpenAI’s open-source, safety-first mission." OpenAI declined to comment.
Market Update (Latest Prices)
- BTC: $97,757.44 (+0.8%)
- ETH: $2,670.76 (+0.9%)
- BNB: $620.94 (+0.2%)
- SOL: $200.99 (-1.1%)
- DOGE: $0.2562 (+1.6%)
- XRP: $2.43 (+0.4%)
Policy & Regulation
SEC Reviews 21Shares’ Bitcoin/ETH ETF Physical Redemption Proposal
The SEC is evaluating 21Shares’ application to enable physical redemptions for its spot Bitcoin and Ethereum ETFs.
Stablecoin Regulation Push in the U.S.
Democrat Rep. Maxine Waters proposed a bill to regulate stablecoin issuers under the OCC, Fed, and FDIC, mandating 1:1 reserves. Republicans countered with a similar bill favoring OCC oversight for non-bank issuers.
Crypto Tax Scandal: Lawyer Arrested for Hiding $8M in Assets
Supreme Court lawyer Tom Goldstein was re-arrested for failing to disclose $8M in crypto transactions** and moving **$6M+ during probation.
Blockchain & Crypto Innovations
Fold Expands Visa Partnership for Bitcoin Reward Cards
Fold’s collaboration with Visa will introduce Bitcoin reward debit/credit cards, leveraging Visa’s infrastructure. CEO Will Reeves highlighted Bitcoin as "the next evolution of rewards."
Solaxy Raises $19M to Solve Solana Congestion
Solana’s scaling solution Solaxy (SOLX) secured $19M in presale funding to process off-chain transactions and bridge Solana-Ethereum networks.
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Key Cryptocurrency Trends
Grayscale Files for Cardano (ADA) ETF
Grayscale applied to list a Cardano ETF on NYSE, following its Bitcoin ETF success. Analysts note the SEC’s shifting stance under Trump 2.0 may boost approval odds.
Klarna Explores Crypto Integration
Klarna’s CEO Sebastian Siemiatkowski confirmed plans to embrace crypto but ruled out "buy now, pay later" for digital assets. The $14.8B fintech giant has 85M+ users.
Litecoin & Dogecoin ETFs Likeliest to Launch in 2025
Bloomberg’s Eric Balchunas predicts:
- LTC ETF: 90% approval chance
- DOGE ETF: 75%
- SOL ETF: 70%
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Economic Highlights
Gold Hits Record High at $2,913/oz
Spot gold surged to $2,913.01/oz, reflecting market volatility.
Fed Rate Pause at 93.5% Probability
CME data shows a 93.5% chance the Fed holds rates in March, with minimal odds of a May cut.
Trump’s Steel/Aluminum Tariffs
New 25% tariffs on all steel/aluminum imports took effect, with "no exemptions." Analysts warn of prolonged USD impacts.
FAQ
Q: Why did Tesla disclose its BTC holdings now?
A: SEC’s 10-K filing requirements mandated transparency, aligning with Arkham’s prior leak.
Q: What’s Musk’s goal with the OpenAI bid?
A: To revert OpenAI to open-source and prioritize AI safety over profit-driven models.
Q: How does Solaxy improve Solana?
A: By offloading transactions from the main chain and reducing congestion via off-chain processing.
Q: Are stablecoin regulations imminent?
A: Competing bills suggest progress, but final rules depend on Congressional agreement.
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