Good Morning,

Here's a quick preview of today’s content: Spot XRP and DOGE ETFs delayed, Former Celsius CEO facing massive sentence, Bitcoin mining is getting greener, Abu Dhabi banks launch a stablecoin, more coverage on the $330M Bitcoin to Monero wallet drain, and so much more.

Stay Safe. Stay Vigilant. Keep your private key to yourself. Let’s dive in.

Market Snapshot

  • Bitcoin remained stable above $95,000 during Monday’s trading, showing resilience despite mixed flows across different ETF providers

    • Bitcoin has gained significant momentum in recent weeks, supported by strong institutional demand through regulated investment vehicles

  • US spot Bitcoin ETFs attracted $591.3M in net inflows on Monday, extending last week’s momentum that saw over $3.3B in total inflows

    • BlackRock’s iShares Bitcoin Trust (IBIT) continues to dominate with $970.9M in purchases, marking its second-largest daily inflow since launching in January

Headline Roundup
The major headlines driving crypto markets

  • Former Celsius CEO could be facing a potential 20-year prison term citing the continuing danger he poses per the DOJ – read the full case scoop here

  • SEC delays XRP ETF decision until June (BC)

  • US Commerce Secretary Lutnik says Bitcoin should be 'treated like gold' amongst other ear perking comments – all his statements here

  • 21 Shares Dogecoin ETF listing proposal submitted by Nasdaq (CT)

  • SoFi CEO Anthony Noto said the fintech bank will bring back cryptocurrency investing (CN)

  • Blackrock files Digital share class of $150B money market fund backed with blockchain (CT)

  • Crypto payments are now accepted at Trump Tower Dubai according to Eric Trump (CB)

  • Second largest European neobank, Bunq, broadens crypto offerings via Kraken (CT)

  • Bitget and Avalanche partner to boost crypto in India (CT)

  • Lightning Network is taking over Coinbase's Bitcoin transactions (DF)

  • Ethereum rollup Base reaches massive decentralization milestone (BL)

  • SpoonOS partners with Flockio to enhance on-chain AI model training (CD)

  • Phoenix Group boosts Bitcoin mining capacity to 500MW with Ethiopia addition (BM)

  • Study finds over half of Bitcoin mining is powered by renewables (DF)

  • DeFi token Solayer surges 15% with massive trading spike (DF)

  • Bitcoin education becomes part of El Salvador's school program (BM)

  • Aleph Zero launches privacy app for EVM chains (TB)

Venture Capital

  • Camp Network announces completion of $30M Series A co-led by 1kx and Blockchain Capital (CN)

  • Polygon spinout Miden secures $25M from A16Z to scale zk blockchain (CT)

  • Unto Labs raises $14M from Framework Ventures and Electric Capital to advance crypto infrastructure (YF)

Launches

  • Trio of Abu Dhabi giants launch bank-backed stablecoin (CT)

  • Solv introduces first Shariah-compliant BTC yield protocol (CD)

  • Sign token rises 60% after Upbit listing (CD)

Regulation

  • Circle gains approval to operate as money services provider in Abu Dhabi (TB)

  • Crypto ETFs gain backing from South Korea's ruling party (DT)

  • U.K. unveils new crypto asset regulations to protect the average consumer (UK)

  • U.S. and U.K. collaborate to develop global crypto regulations and practices (PY)

Cybersecurity

  • DeFi protocol Loopscale recoups $2M post-exploit (CS)

  • Monero reaches 1 year high as $330M hack showcases token’s value (F)

  • Education clouds’ targeted in password spraying attack to perform illicit crypto mining (HN)

Extra Reads

Chart of the Day

2017 Bitcoin holder turned $3M to $330M before getting wallet entirely drained

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