**🚨 Breaking Crypto News: Major Updates You Can’t Miss! 🚨**
The crypto world is buzzing with big moves and shocking developments. Here’s what you need to know:
1️⃣ **U.S. Establishes Strategic Bitcoin Reserve**
President Trump has signed an executive order to create a **strategic Bitcoin reserve**, funded by forfeited crypto assets. This move aims to leverage Bitcoin’s fixed supply and position it as a key component of national reserves—without burdening taxpayers. Is this the start of Bitcoin’s mainstream adoption? 🤔
2️⃣ **Arrest in Australian Crypto Scheme**
Brendan Gunn, brother of Olympic breakdancer Rachael Gunn, was arrested for orchestrating a **$100,000 cryptocurrency scheme**. He faces up to **3 years in prison** and a **$37,800 fine**. Authorities allege he opened multiple bank accounts despite scam concerns.
3️⃣ **WazirX Hack: $234.9M Lost**
In July 2024, Indian exchange WazirX was hacked by the North Korean **Lazarus Group**, losing **$234.9 million** in investor funds. The breach exploited vulnerabilities in WazirX’s multisignature wallet system. Recovery plans are now underway after a Singapore court allowed WazirX’s parent company to meet with creditors.
**What’s your take on these developments?**
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