BTC Dips to $70K, OKX Surges & Pudgy Penguin Copyright Drama!

Crypto majors are red as oil soars to $85; BTC -3% at $70.2k; ETH -4% at $2,050; SOL -5% at $87. K (+22%), OKB (+21%) and Kite (+10%) led top movers. The FDIC, FRB and OCC issued joint guidance stating that tokenized securities should receive the same treatment as non-tokenized. OKB surged 38%+ following the ICE investment news, extending its 2025 run that was ignited by OKX’s $7.6B token burn in August. Cardano went live for payments at Spar grocery stores in Switzerland, adding ADA to the list of crypto assets accepted at physical retail. Ripple CEO Brad Garlinghouse backed Trump and the CLARITY Act, signaling continued industry alignment behind the crypto market structure bill moving through Congress. ZeroHash applied for an OCC national trust bank charter, seeking federal authorization for stablecoin issuance, custody, and settlement. Revolut filed for a US national bank charter, seeking full-service banking for American customers with checking and savings accounts. John Daghita was arrested for allegedly stealing $46M in crypto from the US Marshals Service, identified first by ZachXBT. BlockFills’ Bitcoin was frozen by a judge amid a dispute with Dominion Capital, marking another legal entanglement for the institutional crypto trading firm. Situational Awareness LP, the $5.5B hedge fund run by ex-OpenAI researcher Leopold Aschenbrenner, revealed ~$1B in Bitcoin miner positions (turned AI power infra plays) in its Q4 2025 13F, with holdings in Core Scientific, IREN, Riot Platforms, Cipher Mining, and Bitdeer.