The price of Bitcoin fell below $99,000 after the Federal Reserve implemented a 25 basis point interest rate cut and Fed Chair Jerome Powell raised the 2025 inflation outlook to 2.5%.

This hawkish stance, influenced by the expected policy changes of the new Trump administration, led to a broader sell-off in the cryptocurrency market.

Strike has teamed up with new USC linebacker Matai Tagoa’i in a groundbreaking NIL deal that will see a portion of his earnings paid out in Bitcoin. This makes him the first college athlete to accept cryptocurrencies for his support.

“This is a turning point for me,” Tagoa’i said. “By investing a portion of my zero earnings in Bitcoin, I am preparing for long-term financial growth. I am grateful to Strike, House of Victory and 3Point0 Labs for helping me with this step. I am proud to be part of this innovative collaboration that is redefining the future of college sports and college finances, and hope to set an example for other young athletes to think about their financial futures.”

The aim of this collaboration is to offer athletes innovative financial instruments and protection against inflation. The initiative represents significant progress in college sports.

Scammers impersonate ledgers by sending fake emails about a data breach to steal users’ seed phrases.

Ledger warns never to request 24-word recovery phrases and urges users to protect their digital assets.

This scam is part of an increase in holiday phishing attacks as online transactions increase.

Ohio Rep. Derek Merrin has introduced House Bill 703, the Ohio Bitcoin Reserve Act, which aims to create a state-managed Bitcoin fund and give the state treasurer the authority to invest public funds in the cryptocurrency.

Merrin explained that the initiative aims to protect Ohio’s finances from the decline in the value of the US dollar and improve the state’s financial portfolio by leveraging the potential of Bitcoin.

This legislation brings Ohio into line with other states such as Pennsylvania and Texas, where lawmakers are also proposing strategic Bitcoin reserves.

Crypto.com CEO Kris Marszalek met with President-elect Donald Trump at Mar-a-Lago this week.

A spokesperson for the company said they discussed possible appointments and the creation of a Bitcoin reserve. This reflects the crypto industry’s ongoing efforts to influence the new government.

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This meeting follows similar engagements from other crypto leaders, such as Coinbase CEO Brian Armstrong, as the new administration includes several crypto advocates in key positions.

https://x.com/kris

Additionally, Crypto.com withdrew its lawsuit against the SEC in October, hoping to cooperate in developing a regulatory framework. This signaled a collaborative approach with the Trump administration to advance the digital assets sector.