Thursday Feb 06, 2025

Bitcoin’s Network Decline—Sign of Trouble or Opportunity?

Bitcoin could hit $500K by 2028, but network activity has hit a yearly low. A Canadian hacker stole $65M in crypto, facing 90 years in prison. BlackRock is launching a Bitcoin ETP in Europe, while Coinbase is fighting regulators for banks to offer crypto services. Ripple's case vs. the SEC weakens, and the crypto market enters a fear phase. WazirX’s $230M hack victims face recovery delays. Meanwhile, the SEC promises ‘common sense’ crypto regulations amid growing institutional adoption.

Reference: https://www.linkedin.com/newsletters/chain-train-7126277052151844864/

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