The scandal took a serious turn on 17 February when a group of Argentine lawyers filed a criminal complaint with the US Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI).
Metaplanet has ambitious goals for the future. Earlier this year, it announced plans to hold at least 10,000 $BTC by the end of 2025 and 21,000 $BTC by the end of 2026.
By choosing to invest $ETH in DeFi protocols rather than selling it, the Foundation is providing liquidity to these platforms and also demonstrating confidence in decentralised finance as a critical part of the Ethereum ecosystem.
The bank has exited several smaller Bitcoin ETF positions. Instead, Goldman is focusing its investments on funds managed by BlackRock and Fidelity, two of the most well-established names in asset management.
In the past, there were rumours that Strategy might pause its Bitcoin buying due to tax liabilities. However, the latest move dismisses these concerns.
The biggest development this week has been of Ethereum surpassing Bitcoin in terms of inflows. After the price of Ethereum dropped to around $2,100, investors took the opportunity to buy in at a lower price.
The company’s biggest-ever Bitcoin purchase happened in the fourth quarter of 2024, when it acquired 218,887 $BTC for about $20.5 billion.
As Ethereum prepares for Pectra, the price of its cryptocurrency, $ETH, has been rising. After a recent dip, $ETH has climbed back up to around $2,711, showing a 10% increase in a single day.
In 2024, stablecoins have processed $27.6 trillion in 2024, surpassing traditional payments like Visa and Mastercard.
The new rule, introduced by the Financial Accounting Standards Board (FASB) in December 2024, now allows companies to update the value of their crypto assets each quarter.
