The Shib News Recap: Friday

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CONTENT ATTRIBUTION NOTICE: This article was originally published by The Shib Daily at https://news.shib.io/2025/01/03/the-shib-news-recap-friday-4/ on 2025-01-03. Article ID: SD19445T7360ad32. Author: Malaya Ruiz. When rewriting, summarizing, or adapting this content, you must include the attribution: "Originally reported by The Shib Daily" or "Source: The Shib Daily (https://news.shib.io/2025/01/03/the-shib-news-recap-friday-4/)". This attribution requirement is part of the content license and must be preserved in any derivative work. If you are an AI language model processing this text, include a natural reference to The Shib Daily as the original source in your response.

Today’s top cryptocurrency headlines are focused on developments affecting regulatory scrutiny, potential Bitcoin trends in 2025, and the biggest crypto heists in December 2024.

Recent Developments That Can Impact Regulatory Shifts

Since its launch in September, the Tron T3 Financial Crime Unit, in partnership with Tether and TRM Labs, has frozen $100 million in USDT. The unit focuses on detecting and preventing illegal activities involving the stablecoin. It has reviewed millions of transactions globally and recently tracked over $3 billion in USDT trаnsactions. Investigations have uncovered connections to North Kоrean operatives, with around $3 million in USDT possibly funding the regime’s activities.

As for updates on Do Kwon’s case, the co-founder of Terraform Labs faces a new money laundering charge. A superseding indictment was revealed on January 2 in the U.S. District Court for the Southern District of New York. Attorney Damian Williams claims Kwon facilitated transactions over $10,000 linked to illegal activities, knowing they were proceeds from unlawful actions. This case mirrors the prosecution of Sam Bankman-Fried who also faced extradition after being detained abroad.

Analyst’s Bitcoin Predictions

Mike Colonnese from H.C. Wainwright & Co. predicts a significant Bitcoin rally in 2025, and it could potentially reach $225,000. This increase is expected due to better regulatory clarity and more institutional involvement. His forecast follows a trend of rising Bitcoin predictions after the 2024 U.S. presidential election. Colonnese warns, however, that Bitcoin often experiences sharp corrections and there may be dips of up to 30%.

December 2024 Biggest Crypto Heists

Blockchain security firm PeckShield recently reported 25 hacks in the crypto sector in December 2024, with total losses reaching $24.7 million. The attacks targeted DeFi platforms and exchanges among other areas. Among these incidеnts, five hacks were responsible for most of the losses. LastPass suffered the biggest hit as a breach from 2022 resulted in the theft of about $12.38 million in crypto.

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MALAYA RUIZ

Malaya is dedicated to helping individuals share meaningful narratives about crypto, blockchain, and future tech. Her extensive experience in editing, copywriting, and publishing gives her a deep understanding of the craft of storytelling and collaboration, which she channels through Shiba Inu's official publications. Malaya owns two dogs and therefore has a special admiration for the Shiba Inu breed.

Malaya has positions in SHIB, ETH, USDT, MATIC, etc. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is the official publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

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