Happy Wednesday! In today's newsletter, Nigeria drops money laundering charges against Binance executive Tigran Gambaryan, Vitalik Buterin hits back against Michael Saylor's comments on regulated bitcoin custody, Bernstein says its $200,000 bitcoin price target for 2025 is "conservative" and more.
Let's get started.
Nigeria has dropped money laundering charges against Binance's Head of Financial Compliance and former Special Agent for the U.S. IRS, Tigran Gambaryan, who has been detained in the country since February.
Ethereum co-founder Vitalik Buterin hit back at MicroStrategy founder Michael Saylor's controversial comments on regulated bitcoin custody concerns being mostly from "paranoid crypto-anarchists."
Analysts at research and brokerage firm Bernstein said their current $200,000 bitcoin price prediction for the end of 2025 is "conservative," urging skeptics to look again at the foremost cryptocurrency.
Variational, an Arbitrum-based crypto derivatives protocol, has raised $10.3 million in seed funding co-led by Bain Capital Crypto and Peak XV Partners, with participation from Coinbase Ventures, Dragonfly Capital, North Island Ventures and Hack VC, among others.
Tesla still holds 11,509 BTC, worth around $760 million, with the electric vehicle giant's bitcoin movements last week labeled as "wallet rotations" by onchain analytics platform Arkham.
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