Coin Telegraph

The Czech National Bank may invest up to 5% of its reserves in Bitcoin, potentially acquiring $7.3 billion in BTC as part of its diversification strategy.

The Czech National Bank (CNB) may become the first European central bank to invest in Bitcoin as part of its diversification strategy for the country’s foreign exchange reserves.

CNB Governor Aleš Michl is set to present his Bitcoin (BTC) acquisition plan to the bank’s board meeting on Jan. 30, he told the Financial Times.

If approved, the investment may amount to over $7.3 billion in Bitcoin purchases, given the CNB’s total reserves of more than $146 billion, according to André Dragosch, head of research at Bitwise.

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Crypto.com will delist USDT and nine other tokens in Europe on Jan. 31 to comply with MiCA regulations, giving users until March 31 to convert assets.

Cryptocurrency exchange Crypto.com is among the first platforms to announce the delisting of Tether’s USDt and nine other tokens in Europe following the implementation of the Markets in Crypto-Assets Regulation (MiCA) framework.

Crypto.com will suspend purchases of Tether USDt (USDT) along with nine other tokens in line with Europe’s MiCA regulations on Jan. 31, a spokesperson for the exchange confirmed to Cointelegraph on Jan. 29.

After disabling deposits, the exchange will continue to support withdrawals for the affected tokens until the end of the first quarter of 2025, with full delisting scheduled for March 31.

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Senator Elizabeth Warren pressed Howard Lutnick, Donald Trump’s nominee to run the Department of Commerce, over his ties and interest in stablecoin issuer Tether.

US Senator Elizabeth Warren has pressed US President Donald Trump’s Commerce Secretary pick, Cantor Fitzgerald CEO Howard Lutnick, over his investment firm’s connection with stablecoin issuer Tether.

In a Jan. 27 letter, Warren said she has “serious concern” about Lutnick’s “deep involvement with and support for Tether, a known facilitator of criminal activity that has been described as ‘outlaws’ favorite cryptocurrency.’”

“While you have agreed to divest your interest in Cantor Fitzgerald, which holds a 5% stake in Tether, and serves as Tether’s asset manager, this divestment does not end the questions about your deep personal ties to the company or its affiliates,” wrote Warren, the top Democrat on the Senate Banking Committee. 

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Bitcoin’s pullback slightly increased the chance of it hitting $75,000 in the first quarter of the year, but the likelihood is still under 10%, says Derive’s Sean Dawson.

Bitcoin has a slight chance of dropping nearly 26% in the first quarter of 2025 to around $75,000, a crypto analyst says — but other crypto commentators are less confident about a fall.

Derive head of research Dr. Sean Dawson said in a Jan. 28 markets report viewed by Cointelegraph that the probability of Bitcoin (BTC) falling below $75,000 by March “has risen to 9.2%, up from 7.2% in the last 24 hours.” 

Still, Bitcoin (BTC) moving closer to $100,000 has slightly bumped that probability.

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Security researchers at Microsoft, OpenAI’s largest investor, detected suspicious data extraction from the firm’s API in the fall of 2024, Bloomberg reported.

Microsoft and OpenAI are reportedly investigating whether data from the artificial intelligence firm’s tech stack was improperly obtained by a group linked to Chinese AI startup DeepSeek.

Microsoft security researchers detected suspicious large-scale data extraction through OpenAI’s application programming interface (API) in late 2024, Bloomberg reported on Jan. 29, citing people familiar with the matter.

Microsoft, OpenAI’s largest investor, notified the firm of the activity, which could violate the ChatGPT maker’s terms of service or could mean the group removed restrictions on how much data they could gather.

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The bill now needs to pass by majority vote in Utah’s House and Senate before being approved by state governor Spencer Cox, who appears to be pro-crypto.

A Utah House committee has passed a bill that would allow the state to invest a portion of public funds into crypto, with the measure now heading to the House for a vote.

The Utah House Economic Development Committee passed HB 230, the Blockchain and Digital Innovation Amendments, by an 8-1 vote on Jan. 28.

Utah Representative Jordan Teuscher proposed the bill on Jan. 21. It would give the state’s treasurer authority to allocate up to 5% of certain public funds to buy “qualifying digital assets,” such as those with a market capitalization over $500 billion or approved stablecoins.

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Cboe BZX Exchange made multiple refilings for Solana ETFs on behalf of fund issuers that the Securities and Exchange Commission knocked back last year.

Cboe BZX Exchange has resubmitted filings on behalf of four asset managers looking to list a spot Solana exchange-traded fund (ETF) in the US this year.

The exchange refiled 19b-4 filings for spot Solana (SOL) ETFs from Bitwise, VanEck, 21Shares and Canary Capital on Jan. 28 after the Securities and Exchange Commission reportedly rejected the applications late last year.

The refreshed filings effectively restart the SEC’s review process under the regulator’s new, more crypto-friendly acting chair, Mark Uyeda.

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The S&P 500 saw an uptick on Jan. 28 but crypto mining stocks failed to recover from a sudden market downturn triggered by the frenzy over DeepSeek’s new AI model.

Crypto mining stocks have closed down for the second consecutive day as major tech stocks regained their footing after the US market was rocked by an artificial intelligence model from China’s DeepSeek, triggering concerns about the overvaluation of the country’s AI scene.

Crypto mining firm Riot Platforms (RIOT) closed down 4.37% on Jan. 28, while rival Cleanspark (CLSK) dropped 2.47% and MARA Holdings (MARA) dipped 0.14%, according to Google Finance.

Chipmaker Nvidia (NVDA) saw the biggest rebound among the “magnificent seven” top US tech stocks, closing the day up over 8.8% after dropping 17% on Jan. 27.

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Coinbase’s successful registration in Argentina means it can now offer local payment methods and services in Argentine pesos.

Crypto exchange Coinbase has received a green light from Argentina’s regulators to expand services in the country, where it has operated since 2019.

Argentina’s National Securities Commission (CNV) signed off on a virtual asset service provider (VASP) registration for Coinbase, allowing it to start offering several new services, including local payment methods in the Argentine peso, the exchange said in a Jan. 28 blog post.

Coinbase first introduced crypto-to-crypto conversions and trading in Argentina in April 2019. According to Coinbase, it can now operate within the country’s legal framework for virtual assets as it gradually rolls out more services over the coming months.

Source: Coinbase

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Nuvve said it would use 30% of its spare cash to buy Bitcoin, but its latest balance sheet suggests it won’t be able to buy much.

Clean energy electric vehicle charging tech firm Nuvve has said it will begin to buy Bitcoin by putting aside nearly a third of its spare cash.

The Nasdaq-listed company said in a Jan. 28 press release that it would “allocate up to 30% of its excess cash, calculated based on its estimated six-month operating expenses” toward buying Bitcoin (BTC).

Nuvve said adding Bitcoin will diversify its treasury holdings, and the move aligns with its goal of offering a Bitcoin payment option.

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