🚀 Weekly Crypto Roundup: Major Developments in the Cryptocurrency World 🌐

Fun and cartoonish illustration celebrating Bitcoin’s $100,000 milestone

1. Bitcoin Breaks $100,000 Barrier 💰

Bitcoin has achieved a historic milestone, surpassing the $100,000 mark for the first time in December 2024. This surge is attributed to increased institutional adoption and a favorable regulatory environment anticipated under President-elect Donald Trump's administration. Analysts predict that Bitcoin could potentially double its value by the end of 2025.

Investopedia

2. Do Kwon Extradited to the U.S. on Fraud Charges ⚖️

Do Kwon, the South Korean founder of Terraform Labs, has been extradited from Montenegro to the United States. He faces multiple charges, including securities fraud and wire fraud, following the collapse of his developed currencies, TerraUSD and Luna, which led to an estimated $40 billion loss in 2022. Kwon has denied any wrongdoing and previously reached a settlement with the U.S. Securities and Exchange Commission, agreeing to an $80 million fine and a ban on crypto transactions.

Reuters

3. Trump's Pro-Crypto Stance Fuels Market Optimism 🇺🇸

President-elect Donald Trump's supportive stance on cryptocurrencies has generated optimism among crypto enthusiasts. Trump has promised to make the U.S. the "crypto capital of the planet" by drafting crypto-friendly regulations and creating a strategic Bitcoin reserve. This has fueled a substantial rise in Bitcoin prices, which breached $100,000 for the first time in December 2024.