What Happened in the Cryptocurrency Market During the Week of January 20-26
Regulatory news
Musk's Department of Government Efficiency (D.O.G.E.) will conduct an audit by the U.S. Securities and Exchange Commission (SEC).
Brazil will become the first country in the world to launch XRP-based spot ETFs.
vSEC Drops Case Against Coinbase. Cryptocurrency Exchange Lawsuit Dismissed Without Fines or Penalties
The conflict between the SEC and Ripple may end soon. The final closure of this case is possible as early as April.
Project news
Donald Trump's Official Trump project has announced an airdrop of the TRUMP memecoin.
The team behind the once popular clicker game Hamster Kombat announced the launch of the second season and an airdrop. In light of the news, the HMSTR token broke its historical minimum.
The Hyperliquid team has launched HyperEVM. The update makes it compatible with the Ethereum Virtual Machine (EVM). This is an important step towards integrating smart contracts into the project’s system.
On February 20, the long-awaited launch of the controversial Pi Network token took place. After listing on major crypto exchanges, the price of PI fell sharply. However, the Pi Network (PI) airdrop became the largest in the history of the crypto market.
One of the founders and former CEO of Tether has announced the launch of a new stablecoin project called Pi Protocol in the second quarter of 2025. It could become a serious competitor to USDT.
Cryptocurrency Exchange News
Bybit has suffered a major hack, with around $1.5 billion in Ethereum being withdrawn from the platform's hot wallets.
The team of the largest crypto exchange Binance is exploring the possibility of listing the PI cryptocurrency of the controversial Pi Network project. At the same time, Binance announced the delisting of 4 altcoins from February 24.
Coinbase has become the official crypto partner of the Aston Martin Formula 1 team.
Crypto exchange OKX has received a full license. Now it can provide services in all EU countries.
Bankrupt crypto exchange FTX has begun paying out creditors with claims under $50,000. However, FTX customers from Russia, Ukraine, China, and 160 other countries will not receive their payments.
Other crypto market news of the week
Argentina's president has been in the spotlight for backing the LIBRA memcoin. Now he's facing impeachment. Meanwhile, experts believe the same team of scammers is behind the launch of the LIBRA and MELANIA tokens.
Strategy (formerly MicroStrategy) plans to issue $2 billion in bonds. The money will be used to buy Bitcoin.
Plutonex