The Daily: US govt. says bitcoin from Bitfinex hack should be returned in-kind, HashKey predicts BTC to break $300,000 in 2025 and more
2025-01-16
Category: None

Happy Wednesday! Markets are as fickle as ever—traders are now pricing in a Fed rate cut for July after an unexpected CPI decline, pushing bitcoin and crypto higher.
In today's newsletter, the U.S. government says that bitcoin stolen via the 2016 Bitfinex hack should be returned to the exchange in-kind, HashKey predicts bitcoin will surpass $300,000 this year, South Korea plans a new crypto law and more.
Let's get started.
US government says bitcoin stolen from Bitfinex should be returned in-kind
The U.S. government stated in court documents that 94,000 BTC stolen from the 2016 Bitfinex hack should be returned to the crypto exchange as in-kind restitution.
HashKey predicts bitcoin to break $300,000
Hong Kong-based regulated digital asset financial services provider HashKey Group predicted bitcoin to surpass $300,000 and ether to exceed $8,000 this year, driving the total crypto market cap to $10 trillion.
South Korea plans new crypto law
South Korea plans to draft a follow-up crypto regulatory framework by late 2025, with initial discussions focusing on transparency and accountability from exchanges and stablecoin issuers, local media reported.
Trump's SEC set to overhaul crypto policy
SEC Commissioners Hester Peirce and Mark Uyeda are poised to reset the agency's crypto stance, possibly starting next week, Reuters reported, citing people briefed on the situation.
Arweave's moon mission
Arweave has sent encrypted data stored using synthetic DNA technology to the moon aboard space exploration firm LifeShip's lunar lander, aiming for it to last thousands of years undisturbed.
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