Market Overview – What Happened in the Last 24 Hours?

The global cryptocurrency market cap has reached $4.07 trillion, rising 3.0% in the last 24 hours. Trading volume surged to $283 billion, driven by rising Bitcoin dominance, IPO momentum, and increased institutional interest.

Bitcoin News

🔸Norway’s sovereign wealth fund indirectly gains $5B in BTC exposure
Through major investments in U.S. Bitcoin ETFs like BlackRock’s IBIT and Fidelity’s FBTC, Norway’s $1.7T Government Pension Fund now has ~14,000 BTC exposure (~$5B). This positions the fund as one of the world’s largest indirect Bitcoin holders, despite not holding BTC directly. Its biggest exposure comes from a 3.16% stake in BlackRock.

🔸Trump Jr.-linked firm raises $50M to buy 1,500 Bitcoin miners
Power Americas Resource Group—whose chairman is Donald Trump Jr.—secured $50 million in funding and plans to acquire 1,500 mining rigs to kickstart U.S.-based crypto mining. The company is positioning itself as a politically aligned crypto infrastructure firm ahead of November elections.

🔸Bitcoin flips Google in market cap after breaking $124K
Bitcoin surged past $124,000, pushing its market cap to $2 trillion—overtaking Google’s $1.97 trillion. This milestone marks a psychological turning point for many investors, elevating BTC to the same league as the biggest tech giants.

🔸Samson Mow: Bitcoin could “Godzilla up” or retrace soon
JAN3 CEO Samson Mow says BTC is nearing a “vertical phase,” where price could either skyrocket or face a sharp correction. He warns that altcoin mania may signal a temporary peak, but institutional inflows remain strong, suggesting longer-term strength.

Legal and Regulatory

🔸Google Play Store updates rules for crypto wallet apps
Starting December, Android developers offering non-custodial wallets must prove compliance with regional licensing. Google will require clear KYC disclosures and prohibit hidden mining or staking features. The move tightens oversight as Web3 expands into mobile.

🔸North Korean IT worker hacked—then got counter-hacked
Security researchers revealed that a sanctioned North Korean operative was hacked by anonymous vigilantes. They uncovered tools used to infiltrate U.S. firms via fake LinkedIn profiles and push crypto-malware.

🔸Justin Sun sues Bloomberg over Billionaires Index exclusion
TRON founder Justin Sun is suing Bloomberg for omitting him from its Billionaires Index, alleging defamation and reputational harm. The lawsuit may test how crypto wealth is recognized in traditional financial media.

🔸Vietnam police bust $1B crypto Ponzi scheme tied to Paynet Coin
Authorities arrested 13 individuals linked to Paynet Coin, a fraudulent investment network that stole over $1 billion from victims. The scheme promised 360% returns and fake exchange access. It’s one of the country’s biggest crypto frauds to date.

Infrastructure and Stablecoins

🔸ARK Invest buys $17.2M in Bullish shares after IPO debut
ARK acquired $17.2M worth of Bullish (formerly stock, betting on the exchange’s long-term success post-IPO. The move underscores ARK’s faith in crypto infrastructure as the sector evolves beyond layer-1 assets.

🔸SPAR Switzerland enables crypto payments at 300+ stores
One of Europe’s largest supermarket chains now allows BTC, ETH, USDT, and SOL payments at 300+ locations via Inapay. Customers scan a QR code at checkout, helping crypto gain traction in everyday retail.

🔸BNB Chain outlines strategy to connect Wall Street and Main Street
BNB Chain’s new roadmap focuses on linking institutional finance (via real-world assets and compliance tools) with DeFi apps. Features include native yield vaults, tokenization tools, and modular rollups.

🔸Block Inc. debuts “Proto” Bitcoin mining system
Block (formerly Square) launched Proto, a modular, open-source Bitcoin mining rig focused on decentralizing hashpower. It supports plug-and-play components for home or industrial miners and reflects Jack Dorsey’s long-term BTC commitment.