Good Morning,

All you need to know this morning: ALL. TIME. HIGH.

Some sneak peaks: Coinbase hack numbers are coming in higher than expected, Texas looks for Bitcoin reserve, Crypto.com acquires a game changing license, Sam Altman’s World gets a massive raise, and more.

Feeling bullish? You should. Let’s dive in.

Market Snapshot

  • Bitcoin continued with recent gains, surging to a new record high above $109,400 during U.S. morning trade on Thursday

    • The previous record was set just hours prior to the inauguration of President Trump on Jan. 20

    • Presto Research said it stands firm on its year-end price target of $210,000 for Bitcoin

Headline Roundup
The major headlines driving crypto markets

  • Bitcoin shoots above $111,000 reaching a new all-time high with market sentiment still bullish (CT)

  • “Hawk Tuah” girl Hailey Welch said she was investigated by the FBI and the SEC following the launch and collapse of the HAWK memecoin – her statements from her newest podcast here

  • Bitcoin surpasses Amazon to become the 5th most valued asset in the world, nearing $2.2T (CD)

  • Coinbase hacker trolls crypto sleuth ZachXBT after moving $42M in Bitcoin to taunt him (DC)

  • SafeMoon CEO Braden Karony faces 45-year sentence for crypto fraud and asset misappropriation (DT)

  • Crypto Czar David Sacks predicts trillions of dollars will be unlocked for the U.S. treasury with stablecoin bill implementation (CNBC)

  • Guatemala’s largest bank SukuPay is adopting stablecoins for U.S. remittance payments (CD)

  • Pro-crypto businessman Andrew Pompliano sees blank check company ProCap Acquisition Corp ($PCAPU) stock jump 7% on first trading day (CT)

  • Crypto trader James Wynn recently went from a $3.7M loss to a $75M profit in less than a few weeks – the crazy story here

  • Maryland-based blockchain firm BTCS said it bought 3,450 ETH for $8.42M (TB)

  • Moody’s has downgraded deposit ratings of top US lenders JPMorgan Chase, Bank of America and Wells Fargo just days after stripping the nation of its triple-A rating (DH)

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M&A Announcements

  • Crypto.com acquires AN Allnew Investments to receive MiFID license to offer securities and derivatives services in Europe (CD)

Venture Capital

  • Theta Capital Management announces new $175M blockchain focused fund-of-funds formation (TA)

  • Sam Altman’s World raises $135M in private sale to Bain Capital Crypto and A16Z (CD)

  • Sangha Renewables has raised $14M of $17M target to built a renewable bitcoin mining operation in West Texas (BM)

  • Public company The Blockchain Group ($ALTBG) secures €8.6M to boost it’s bitcoin reserve strategy (NQ)

  • Voya Games completes $5M fundraise from lead investors 1kx and Makers Fund to expand web3 game (VB)

  • Memecoin platform Wall Street Ponke launches with $300k in community investment round (FS)

  • Animoca Brands backs Astar with strategic investment to bring Sony’s Soneium to Japan (CN)

  • Victory Park Capital strategically backs blockchain capital markets platform Figure (BW)

Launches

  • VanEck is preparing to launch its PurposeBuilt fund focused on the Avalanche ecosystem – the full breakdown here

  • Solana Mobile announces launch of SKR token to power it’s decentralized smartphone ecosystem (BL)

Regulation

  • Texas bill for strategic bitcoin reserve passes House of Representatives vote and heads to Governor Abbott’s desk for approval (CT)

  • The Hong Kong Monetary Authority officially passes a stablecoin bill to create regulatory frameworks (BN)

  • Bitcoin Suisse gets approval from Abu Dhabi Global Market to expand outside the EU (CT)

Cybersecurity

  • A government filing reveals that 69,000+ Coinbase accounts were directly affected by the hack (BL)

  • UniCoin execs sued by the SEC for alleged securities fraud (BL)

  • NerdWallet’s X (twitter) account reportedly hacked after post on X promoting a token was quickly taken down (KI)

  • A self-replicating malware is attacking Docker environments to mine & steal crypto (CN)

  • Quantum BioPharma enters partnership with BitGo to securely store crypto (MT)

  • Australian Federal Police seize bitcoin, a mansion, and Mercedes Benz potentially linked to crypto exchange hack (MSN)

Extra Reads

Chart of the Day

Google Searches for Bitcoin are still at bear market levels – something that veteran investors are increasingly bullish about.

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