Bitcoin-miner Bitmain Faces Federal Investigation Over National Security Issues: Report

William Hill, co-founder of Samourai Wallet, has been sentenced to four years in prison for operating a cryptocurrency mixing service that laundered over $237 million in illicit funds. This ruling highlights the legal repercussions faced by individuals involved in unlicensed money-transmitting businesses within the cryptocurrency sector.

Michael Saylor, CEO of Strategy (MSTR), has publicly dismissed concerns regarding potential outflows linked to MSCI indices, asserting the company's strong commitment to Bitcoin. He highlighted that Strategy operates a $500 million software business alongside a $7.7 billion Bitcoin-backed digital credit program, reinforcing confidence in their Bitcoin strategy.

Bitcoin's price experienced a sharp decline, plunging to $83,000, which reflects stress levels reminiscent of the FTX crisis. This drop is attributed to a surge in market volatility and capitulation among short-term holders, indicating a fragile market environment.

US authorities are investigating Bitmain, a Chinese Bitcoin mining hardware manufacturer, over potential national security risks associated with alleged remote capabilities. This inquiry reflects growing concerns regarding foreign technology's influence on national security.

US authorities are investigating Chinese Bitcoin mining hardware giant Bitmain over potential national security risks tied to alleged remote capabilities, according to Bloomberg.

Bitcoin's price is currently under pressure as long-term holders (LTHs) are distributing their assets. The rising VDD multiple and falling long-term holder supply indicate that there has been no capitulation yet among these investors. Analysts are questioning whether this dip signals a new bear market or a temporary setback.

The US is investigating Bitmain, a Chinese Bitcoin mining hardware manufacturer, due to national security concerns. This inquiry reflects the escalating tensions between the US and China and raises alarms regarding the influence of foreign technology on national security infrastructure.

JPMorgan has indicated that Michael Saylor's strategy could lead to significant outflows, estimated between $2.8 billion and $8.8 billion, if MSCI excludes MicroStrategy (MSTR) from its major equity indices. This potential exclusion is set to be decided on January 15, raising concerns about the viability of Saylor's bitcoin-leveraged strategy.