By Shikha Singh
Cardano’s Plomin Hard Fork Goes Live.
Cardano has successfully implemented the Plomin Hard Fork, shifting its governance model to empower ADA holders with on-chain decision-making.
This upgrade aims to further decentralize the network and enhance transparency with community-driven proposals and treasury allocations.
In the short term, ADA’s price has been volatile, currently at $0.96, showing mixed market sentiment.
Whale activity has been relatively flat post-upgrade, indicating a “wait-and-see” approach from large investors.
Meanwhile, Cardano’s DeFi ecosystem has shown steady growth, with a Total Value Locked (TVL) of $500 million, though it still lags behind Ethereum and Solana.
Genius Group Updates Rights Offering for Strategic Bitcoin Investment.
On January 29, 2025, Genius Group Limited announced an amendment to its Prospectus Supplement for a rights offering, allowing shareholders to purchase ordinary shares at $0.50 each.
The offering aims to raise up to $34.8 million, which will be used to purchase Bitcoin for the company’s treasury.
This move aligns with broader market trends in cryptocurrency investment, potentially diversifying the company’s asset base.
CME Group to launch options on Bitcoin Friday futures.
CME Group is set to launch options on Bitcoin Friday futures on February 24, 2025, pending regulatory approval.
These options will be the first cryptocurrency options financially settled by CME Group and will have expirations available every business day.
This new product builds on the success of Bitcoin Friday futures, which have become CME’s most successful cryptocurrency offering, with over 775,000 contracts traded since launch.
The options offer a capital-efficient toolset with daily expirations, enabling traders to manage short-term Bitcoin price risk with greater precision.
Grayscale Launches Grayscale Bitcoin Miners ETF.
Grayscale has launched the Grayscale Bitcoin Miners ETF, offering investors exposure to Bitcoin mining companies and the broader Bitcoin mining ecosystem.
The fund invests in companies included in the Indxx Bitcoin Miners Index, which tracks global Bitcoin mining firms and related businesses.
This ETF provides an alternative to direct Bitcoin investment, appealing to those seeking indirect exposure to Bitcoin’s price movements.
The fund is passively managed and tracks the performance of Bitcoin miners, who play a critical role in maintaining the Bitcoin network’s security.
Tether, Tron, and TRM Labs Join Spanish Government to Crack Down on $26.4 mn Crypto Crime Ring.
Spanish authorities, with assistance from the T3 Consortium, have successfully dismantled a crypto-based crime syndicate, arresting 23 individuals and seizing $26.4 million.
The criminal network was involved in a cash-to-crypto money laundering scheme across multiple European countries.
Tron, Tether, and TRM Labs supported the T3 Financial Crime Unit, which used blockchain analysis to trace the illicit activities. This operation marks T3’s biggest success, with a total of $126 million in frozen funds.
In addition, Tether CEO Paolo Ardoino revealed that Tether has collaborated with over 220 law enforcement agencies to freeze over $2.2 billion worth of USDT, highlighting the growing role of crypto firms in combating illegal activities.
Crypto Autos Integrates Solana for Luxury Car Purchases.
Crypto Autos, a global car marketplace, has integrated Solana into its platform, allowing users to purchase luxury cars with cryptocurrency.
The company states that Solana’s fast and low-cost transactions are well-suited for high-end car purchases; it processes thousands of transactions per second.
NFTs attached to each car transaction will provide transparency, detailing information such as VIN statistics and mileage.
The use of Solana’s blockchain will also support regulatory compliance through decentralized operations and smart contracts, removing intermediaries.
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