THE PHENOM CRYPTO LETTER

NEWS

Quick Hitters from the week

1. Abu Dhabi Wealth Fund Flexes $460M Bitcoin ETF Stake
   Abu Dhabi's Mubadala Investment Company has secured a $460 million stake in BlackRock’s iShares Bitcoin Trust, making it one of the largest institutional holders of the ETF. 🔗 Read more

2. Phemex Hackers Move Stolen Millions Through Tornado Cash
   Hackers behind the $85 million Phemex exploit are moving funds, with a portion sent through Tornado Cash to obscure their tracks. 🔗 Read more

3. U.S. Gold Reserve Audit Could Push Blockchain Adoption
   Analysts say a proposed audit of U.S. gold reserves might accelerate blockchain adoption for sovereign asset tracking, improving transparency and security. 🔗 Read more

4. FTX to Repay $1.2B in Key Bankruptcy Milestone
   FTX will distribute $1.2 billion to creditors on Feb. 18, marking a critical moment in its ongoing efforts to return funds to users. 🔗 Read more

5. $LIBRA Memecoin Rug Pull Shocks Crypto Investors
   The launch of $LIBRA, a political memecoin, turned into an instant rug pull over the weekend, highlighting risks in the meme coin space. 🔗 Read more

6. Bernstein: Bitcoin’s Next Bull Run Is Just Getting Started
   Analysts at Bernstein say BTC is gearing up for its next leg higher as institutional adoption and macro tailwinds align. 🔗 Read more

7. Abu Dhabi's Sovereign Wealth Fund Discloses $463M Bitcoin ETF Holdings
   Mubadala has officially revealed a $463 million investment in BlackRock’s iShares Bitcoin Trust, further cementing institutional interest in crypto. 🔗 Read more

8. Woman Sentenced for Defrauding Bybit of $4 Million
   A woman has been sentenced to prison after defrauding cryptocurrency exchange Bybit of $4 million. 🔗 Read more

9. World Liberty Financial Faces Uncertainty Amid Project Concerns
   Questions arise about the viability of World Liberty Financial as the project shows signs of stagnation. 🔗 Read more

10. VanEck Executive Suggests Jack Dorsey Could Be Bitcoin's Creator
    A VanEck executive posits that Twitter co-founder Jack Dorsey might be the elusive Satoshi Nakamoto. 🔗 Read more

11. JPMorgan Warns of Crypto Downside Risk; Hashdex to Launch Spot XRP ETF
    JPMorgan cautions about potential risks in the crypto market, while Hashdex prepares to introduce the world's first spot XRP ETF. 🔗 Read more

12. Creator of Milei Memecoin Also Behind Melania Trump Coin
    The individual responsible for the Milei memecoin previously worked on the Melania Trump coin project. 🔗 Read more

13. Kaito Airdrop Elicits Mixed Reactions from Crypto Community
    The recent Kaito airdrop has received varied feedback, reflecting differing opinions within the crypto space. 🔗 Read more

14. Analyst Claims Spot Bitcoin ETFs Facilitate Market Manipulation
    An analyst argues that spot Bitcoin ETFs are being utilized for significant market manipulation. 🔗 Read more

15. Ethereum Foundation Introduces Open Intents Framework
    The Ethereum Foundation has launched the Open Intents Framework to enhance decentralized application development. 🔗 Read more

16. Sam Bankman-Fried Alleges Political Bias in Prosecution
    In a jailhouse interview, Sam Bankman-Fried claims his legal troubles stem from political bias. 🔗 Read more

17. SEC Withdraws Appeal in Crypto Broker-Dealer Case
    The SEC has retracted its appeal concerning regulations over crypto broker-dealers, signaling a potential shift in policy. 🔗 Read more

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