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MicroStrategy’s Latest Bitcoin Move, Hong Kong ETFs Surging, and More Cryptocurrency News

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Roger Ver Faces Indictment on Tax Evasion Charges

Renowned as the “Bitcoin Jesus,” Roger Ver has been indicted by the U.S. Department of Justice on tax fraud charges. Ver was arrested in Spain for mail fraud, tax evasion, and filing false tax returns.

The indictment alleges that Ver failed to report approximately $48 million in capital gains from selling Bitcoin and other assets in 2017 when he liquidated around 70,000 BTC for $240 million ahead of Bitcoin’s bull run. U.S. officials plan to extradite Ver to stand trial.

Bitcoin Price Plunges Below $60k as Hong Kong ETFs Disappoint

Despite high expectations, Hong Kong’s first Bitcoin and Ethereum spot ETFs had a lackluster start. With only about $200 million in assets under management on the first day, the launch fell short of projections.

The six listed crypto ETFs saw minimal trading volume, with Bitcoin ETFs at $8.5 million and Ether ETFs at $2.5 million. This debut contrasted with the U.S. Bitcoin ETF launches that attracted nearly $4 billion in the first week.

Additionally, Bitcoin’s price dropped below $60,000 due to global economic challenges and market corrections.

Coinbase Embraces Lightning Network While Coal Miner Mines Bitcoin

Coinbase has integrated the Bitcoin Lightning Network, allowing users to make quick and cost-effective transactions. The exchange cautioned that transfers to certain self-custody wallets might have delays due to implementation differences, with a 0.1% processing fee for Lightning transactions.

Furthermore, Alliance Resource Partners disclosed a hidden Bitcoin mining operation during an earnings call, utilizing excess energy capacity at mining sites.

AnimeCoin Enters Bitcoin, DeFi Growth Continues

Gaming company Animoca Brands is backing the Opal Foundation protocol and BLIF token, marking its entry into the Bitcoin space. The Bitcoin DeFi ecosystem sees growth, with SolvBTC locking $700 million in value across multiple chains.

AnimeCoin Foundation launched “Gacha Grab,” a virtual game involving spinning a dial to collect points and prizes. Players can earn credits by owning specific NFTs and participate in bonus quests for additional rewards.

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