Key Takeaways: Singapore has blocked Polymarket, citing violations of its strict Gambling Control Act. The platform, classified as illegal gambling, faces penalties, including fines and imprisonment for violators. This action reflects Singapore's broader caution toward unregulated decentralized finance platforms globally. The Gambling Regulatory Authority of Singapore has ordered internet service providers to block access to…

Key Takeaways: Senate Banking Committee announced a crypto subcommittee to regulate digital assets. Senator Tim Scott leads plans post-Trump inauguration, focusing on blockchain and innovation.  Aims to address consumer protection, clarity, tax, and financial law updates. The Senate Banking Committee has announced plans to form a crypto subcommittee dedicated to digital assets, signaling growing legislative interest…

Key Takeaways: Circle donated $1M USDC to Trump’s inaugural committee, reflecting digital currency's growing role. The contribution highlights USDC’s stability and rising adoption in mainstream finance and politics. This marks a step toward integrating digital assets into political fundraising and traditional sectors. In recent developments, Circle, the issuer of the USDC stablecoin, has donated $1…

Key Takeaways: a16z has launched its Crypto Startup Accelerator (CSX) for spring 2025 in San Francisco. The program supports blockchain startups with $500K funding, mentorship, and networking opportunities. Applications for the competitive cohort are open until February 7, via the a16z website. Venture capital firm Andreessen Horowitz (a16z) has announced its Crypto Startup Accelerator (CSX) program,…

Key Takeaways: Oklahoma's Bitcoin Freedom Act seeks to legalize BTC payments for goods, services, and taxes. Filed under SB325, it allows workers to receive salaries in Bitcoin or dollars. Analysts believe the bill could boost Oklahoma’s blockchain innovation and economic competitiveness. Oklahoma Republican Senator Dusty Deevers has proposed the Bitcoin Freedom Act, aiming to legalize bitcoin…

Key Takeaways: Fidelity forecasts rising Bitcoin adoption among nations by 2025 to counter economic instability. The report highlights Bitcoin’s role as a reserve asset, strengthening financial systems and global competitiveness. It predicts tokenized assets could double, with blockchain adoption boosting payments and settlements efficiency. Fidelity Digital Assets forecasts a surge in Bitcoin (BTC) adoption among nation-states…

Key Takeaways: Bitfinex gained a DASP license in El Salvador, enabling regulated crypto derivatives trading. The license enforces AML, KYC compliance, transparency, and investor protections under El Salvador’s digital asset laws. Bitfinex’s approval strengthens El Salvador’s crypto hub status, boosting blockchain services and adoption. Bitfinex Derivatives has received a Digital Asset Service Provider (DASP) license…

Key Takeaways Backpack Exchange acquired FTX EU after approvals from a U.S. court and CySEC. The deal secured a CySEC license, enabling regulated cryptocurrency services across Europe. Backpack prioritized refunds to FTX EU customers before launching spot, margin, and futures trading. Backpack Exchange has acquired FTX EU, the European arm of the collapsed cryptocurrency exchange…

Key Takeaways: MicroStrategy acquired 1,070 BTC for $101 million, raising its total holdings to 447,470 BTC. The purchase, at an average price of $94,004 per bitcoin, aligns with its strategy to expand reserves amid rising institutional adoption. MicroStrategy’s BTC holdings, valued at $27.9 billion, highlight its role as a leader in corporate cryptocurrency investment. MicroStrategy…