Thorchain has paused its savers and lending programs, leaving $111 million in borrowed assets and $98 million locked in savers vaults. The network faces insolvency, prompting a freeze on funds to prevent a disaster scenario for the DeFi protocol.

Nasdaq's 19b-4 form filing proposes a rule change for BlackRock's iShares Bitcoin Trust ETF, allowing in-kind BTC redemptions by authorized participants, streamlining the process with fewer steps and parties involved. The SEC's rescinding of the SAB 121 crypto accounting rule and the creation of an SEC crypto task force signal a shift towards clearer regulation for the industry.

Fogo Foundation, the core contributor to the Fogo Chain — a new Solana Virtual Machine (SVM)-based Layer 1 blockchain — raised $8 million via Echo, the angel investor platform founded by popular crypto trader Jordan Fish, better known as Cobie.

Fogo raised the amount in "just under 2 hours" late Thursday, co-founder Robert Sagurton, a former Jump Crypto executive, told The Block.

A total of four Echo groups participated in the round: The Echonomist, led by Cobie, which invested $6 million; 4 Ventures by CMS Holdings, which invested $1 million; Big Brain Collective, led by The Block CEO Larry Cermak, which invested $500,000; and Patrons, led by Synthetix and Infinex founder Kain Warwick, which also invested $500,000, Sagurton said.

MicroStrategy, under Michael Saylor's leadership, has accumulated 461,000 Bitcoin worth nearly $49 billion by issuing convertible notes to buy more Bitcoin. The company is now calling for the redemption of its notes due in 2027, reducing leverage and pushing repayment risks to 2028.

The U.S. House of Representatives is investigating whether top crypto firms were secretly "debanked" during the Biden administration. Rep. James Comer informed industry figures that the inquiry is underway, focusing on potential improper debanking based on political viewpoints or involvement in crypto.

Ivanka Trump distanced herself from an unauthorized meme coin project linked to her name, warning of potential consumer deception and fraud. The token, named "Ivanka Trump" or "$IVANKA," has seen a surge in trading volume despite her disavowal.

The U.S. Securities and Exchange Commission (SEC) has rescinded Staff Accounting Bulletin (SAB) No. 121, shifting its approach to regulating crypto-assets under Commissioner Hester Peirce, who now leads the agency's crypto task force. The revised framework allows companies to evaluate obligations using broader accounting standards, with changes retroactive from December 15, 2024.

An executive order signed by President Donald Trump establishes a Presidential Working Group on Digital Asset Markets to advise on crypto policy. The group, led by David Sacks, will include industry leaders and focus on exploring a national reserve for digital assets.

Trump’s Empire, a Telegram game, allows players to build a business and political empire by selecting upgrades, industries, and hiring people to increase income. The game uses a cartoon likeness of Trump without a license, promising an upcoming token airdrop.

Dogecoin's price fluctuated after the Department of Government Efficiency's website removed Doge meme imagery, causing a 6% drop to $0.359. Elon Musk's involvement with the agency and the launch of TRUMP coin influenced Dogecoin's value.