Top Highlights In Crypto Today; Tesla Gains $600 Million Bitcoin

Did you know what happened in crypto today? Or are you still looking for the latest news and trends around crypto? Well, here your search can come to an end!

This article covers the latest news around top trends and current highlights in crypto regulation, Bitcoin price, blockchain, NFTs, DeFi, Metaverse and Web3, among others. Let's check them out!

So, what's new today in crypto? Did the crypto market see a rise in users? Or did we lose another benchmark? Let's check out the latest happenings!

Tesla records a $600 million gain from its Bitcoin holdings

Tesla announced a gain from its Bitcoin ( BTC $105,428) holdings in Q4 2024. The company gained about $600 million. This was possible for a new accounting rule. It allowed the carmaker to record this huge market value crypto on its balance sheet.

According to Bitcoin Treasuries, Tesla had valued its Bitcoin stash at just over $1 billion, up from the $184 million it logged throughout previous quarters. They then marked a net gain of $589 million on its BTC holdings over the quarter, which eventually reached 9,720 BTC.

Trump expands crypto footprint

US President Donald Trump officially tied his memecoin to merchandise. This means that now holders can purchase watches and fragrances with the Official Trump (TRUMP) token. According to Citizens for Responsibility and Ethics in Washington, CIC Ventures LLC owns the websites. Notably, CIC Ventures LLC is Trump-linked company.

As reported by Bloomberg, the three websites are accepting TRUMP for the president’s merchandise. This include the following websites:

GetTrumpSneakers.com

GetTrumpWatches.com

GetTrumpFragrances.com

Elastos closes $20 million in investment round

Elastos, a Web3 infrastructure provider, has closed a $20-million investment . This comes as its aim to bring more decentralized finance (DeFi) services to Bitcoin.

According to an announcement made on January 30 the investment came from Rollman Management Digital. Notably, it is a global investment network that has supported several early blockchain projects. Some of their projects included Ethereum and Ripple. Furthermore, the announcement also highlighted that Elastos is now one of Rollman’s top five holdings.