Bitcoin Magazine Kentucky Senate Passes Bill Protecting Bitcoin Self-Custody Rights Legislation ensuring Bitcoin self-custody rights and protecting mining now heads to the Governor&#8217;s desk for final approval. This post Kentucky Senate Passes Bill Protecting Bitcoin Self-Custody Rights first appeared on Bitcoin Magazine and is written by Nik.

Kentucky Senate Passes Bill Protecting Bitcoin Self-Custody Rights

North Korea-linked Lazarus Group transferred 400 ETH (worth $750,000) to 
Tornado Cash on March 12, 2025, likely laundering proceeds from the record 
$1.5 billion Bybit hack, blockchain researchers report. ZachXBT: Tornado Cash 
Demix Exposes North Korea&#8217;s $3.1M PEPE Token Purchase The Lazarus Group, a 
North Korean state-sponsored hacking collective, transferred 400 ETH to 
privacy tool […]

North Korea’s Lazarus Group Moves 400 ETH to Tornado Cash Following $1.5B Bybit Hack

An Argentine prosecutor has requested a judge to issue an Interpol “Red 
Notice” for Hayden Davis, an American citizen allegedly involved in the launch 
of the controversial LIBRA memecoin that has entangled Argentine President 
Javier Milei in a dramatic political scandal. LIBRA Memecoin Scandal The 
request, made by prosecutor Gregorio Dalbón, reviewed by Fortune, accuses 
Davis of being a key figure behind the LIBRA memecoin. The token gained 
significant attention after President Milei endorsed it on Valentine’s Day. 
Following Milei&#8217;s endorsement, LIBRA&#8217;s market capitalization soared to over 
$4.5 billion. However, its value quickly collapsed, plummeting by more than 
99% to approximately $18 million. Blockchain analysts later revealed that 
certain insiders sold large amounts of the token shortly after Milei publicly 
supported it. Related Reading: Solana Price Crash To $90? Why A 26% Decline 
Could Rock This Crypto In his request for the Red Notice, Dalbón expressed 
concerns that Davis might evade justice, citing his financial resources that 
could facilitate his flight or concealment. “The possibility that Davis will 
abandon his country of residence or hide to avoid answering for his alleged 
acts appears to be aggravated by the economic resources he possesses,” Dalbón 
stated, emphasizing the urgency of the situation. Interpol, the International 
Criminal Police Organization, facilitates international cooperation among law 
enforcement agencies in its 196 member countries, including the US and 
Argentina. A Red Notice serves as a request for member countries to locate and 
provisionally arrest individuals pending extradition. Federal Investigation 
Launched Into Javier Milei&#8217;s Endorsement Davis has not publicly responded to 
the allegations, nor have his family members, including his brother Gideon and 
father Charles, who are involved in their family crypto venture, Kelsier 
Ventures, Fortune reported. Yet, the controversy surrounding LIBRA is further 
complicated by its connection to former President Donald Trump, who recently 
launched his own memecoin named TRUMP. Trump&#8217;s endorsement of cryptocurrency 
has been characterized as part of his broader strategy to position himself as 
a pro-crypto advocate. Related Reading: Bitcoin Bottom Confirmed? Data Shows 
87.5% Chance The Worst Is Over Following Milei&#8217;s endorsement, Davis openly 
acknowledged his role as an advisor to the Argentine president, stating, &#8220;I am 
indeed Javier Milei’s advisor.&#8221; He also claimed responsibility for the launch 
of a separate memecoin associated with Melania Trump. The fallout from the 
LIBRA launch has prompted legal inquiries, including a federal investigation 
into Milei’s actions. Both Milei and Davis have denied any wrongdoing, but the 
political implications of this incident are significant, as it raises 
questions about the accountability and regulation of cryptocurrencies in 
Argentina. At the time of writing, the memecoin is trading at $0.060, down 
over 90% from its all-time high reached on Valentine&#8217;s Day. Featured image 
from DALL-E, chart from TradingView.com

Hayden Davis Faces Interpol Alert For Role In LIBRA Memecoin

The cryptocurrency trader whose ultra-leveraged Ether (ETH) trade tested 
Hyperliquid&#8217;s limits on March 12 has entered another multimillion-dollar 
position, this time in Chainlink (LINK), onchain data shows.
On March 14, the anonymous whale, referred to on X as &#8220;ETH 50x Big Guy,&#8221; took 
out long positions in LINK worth approximately $31 million with 10 times 
leverage, according to Lookonchain, a Web3 analytics service.
He placed the bets on Hyplerliquid and GMX, two popular perpetuals exchanges, 
Lookonchain said in a March 14 X post. Additionally, the whale accumulated 
roughly $12 million in spot LINK.
In the ensuing hours, the whale gradually reduced his LINK holdings through 
small swaps back into stablecoins, as per onchain data.
_Source:__Lookonchain_
 _**Related:**__**Hyperliquid ups margin requirements after $4 million 
liquidation loss**_
## Massive trading gains
On March 12, the unidentified trader intentionally liquidated a roughly $200 
million ETH long position, causing Hyperliquid&#8217;s liquidity pool, HLP, to lose 
$4 million. The trader&#8217;s profits topped roughly $1.8 million.
According to Lookonchain, the trader has earned nearly $17 million in the past 
month on Hyperliquid.
The incident highlighted the challenges facing perpetual trading platforms 
such as Hyperliquid, which enable traders to take long or short positions many 
times larger than their deposited capital.
Hyperliquid said the trader&#8217;s actions did not qualify as an exploit and were 
instead a predictable consequence of the mechanics of its trading platform 
under extreme conditions.
In response to the losses, Hyperliquid announced on March 13 revised 
collateral rules for traders with open positions to guard against similar edge 
cases in the future.
Launched in 2024, Hyperliquid&#8217;s flagship perpetuals exchange has captured 70% 
of the market share, surpassing rivals such as GMX and dYdX, according to a 
January report by asset manager VanEck.
Chainlink, the most popular decentralized oracle service, saw the price of its 
native LINK token increase by more than 150% in the weeks after President 
Donald Trump prevailed in the US election.
It has since given up much of those gains, declining from highs of nearly $30 
per token in December to less than $14 as of March 14, according to data from 
CoinGecko.
Chainlink&#8217;s market capitalization is currently around $8.7 billion.
_**Magazine:**__**&#8217; Hong Kong&#8217;s FTX&#8217; victims win lawsuit, bankers bash 
stablecoins: Asia Express**_

Hyperliquid’s mystery 50x ETH whale is now betting on LINK

Six days ago, on March 8, 2025, the tokenized Blackrock USD Institutional 
Digital Liquidity Fund (BUIDL) held $668 million in assets under management 
(AUM). Since then, its AUM has soared by 50.3%, eclipsing the $1 billion 
threshold. From $668M to $1B in 6 Days Launched in March 2024, this pioneering 
tokenized fund—issued on several public […]

Blackrock’s BUIDL Soars 50% in 6 Days—Tokenized Fund Now Commands $1B AUM

Global investment manager VanEck has filed for an Avalanche (AVAX) exchange- 
traded fund (ETF) with the US Securities and Exchange Commission seeking to 
offer investors direct exposure to the smart contract platform.
A snippet of the application was shared on social media on March 14 by 
Bloomberg analyst James Seyffart, who has been closely monitoring the crypto 
ETF industry.
_Source:__James Seyffart_
The proposed VanEck Avalanche ETF intends to &#8220;reflect the performance of the 
price of &#8220;AVAX,&#8221; the native token of the Avalanche network, less the expenses 
of the Trust&#8217;s operations,&#8221; the prospectus read.
The proposed fund will hold AVAX and will &#8220;value its Shares daily based on the 
reported MarketVector Avalanche Benchmark Rate,&#8221; the prospectus said.