Author: Cointelegraph By Helen Partz

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Corporate crypto investments in South Korea inch closer to approval

South Korean regulators reportedly continue to discuss the approval of corporate crypto trading amid the country’s ongoing leadership crisis. Source link

Bhutan economic hub to set up strategic crypto reserve

Bhutan’s Gelephu Mindfulness City wants to set up a strategic reserve with several established cryptocurrencies. Source link

CoinSwitch launches $70M recovery fund for WazirX hack victims

CoinSwitch expects it will take two years to distribute $70 million in recovery funds to WazirX users who lost money due to an alleged cyberattack last year. Source link

Backpack Exchange acquires FTX EU, plans Q1 2025 launch

Backpack EU will be responsible for distributing court-approved FTX bankruptcy claims to FTX EU customers as part of the acquisition. Source link

MicroStrategy kicks off 2025 with 1K Bitcoin purchase announcement

MicroStrategy has kicked off 2025 by announcing a fresh BTC purchase made in the last two days of 2024. Source link

Crypto ETPs start 2025 with $585M inflows — CoinShares

US spot Bitcoin ETFs have contributed to 100% of the record-breaking $44.2 billion crypto ETF inflows in 2024, according to CoinShares. Source link

Tether USDT’s market cap drop linked to ‘seasonal holiday lull’

Tether USDt’s trading has wiped $100 billion since mid-December, but it “may be premature to turn bearish,” according to Matrixport. Source link

Top 5 Bitcoin critics unfazed by $100K BTC milestone

Even with Bitcoin surging past $100,000 for the first time, some critics have remained skeptical about the cryptocurrency’s future. Source link

EU silence does not make USDT MiCA-compliant, says exec

While MiCA’s implementation phase is ending on Dec. 30, 2024, there is also a transitional 18-month phase in MiCA’s total 36-month timeline. Source link

Brazil’s self-custodial stablecoin ban to catalyze decentralization

Crypto execs are confident that it won’t be easy to enforce Brazil’s self-custodial stablecoin ban, with many examples proving that further decentralization is inevitable. Source link