On January 3, 2025, significant developments occurred in the cryptocurrency world. Bitcoin's network hashrate reached a record high above 1,000 exahashes per second, more than double the 510 EH/s from January 2024, as miners increased their computational resources despite an upcoming halving event. Meanwhile, CertiK reported that phishing scams were the most costly attack vector, leading to over $1 billion in losses across 296 incidents in 2024, with at least three incidents exceeding $100 million in losses. In a notable financial shift, BlackRock's iShares Bitcoin Trust experienced its largest one-day outflow since its launch, totaling $332.6 million on January 2, 2025, marking a third consecutive trading day of outflows. Additionally, Terraform Labs co-founder Do Kwon pleaded not guilty to several criminal charges, including fraud and money laundering, in a US court on January 2, 2025.

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