In crypto news today, data from CryptoQuant reveals that Bitcoin reserves held by US-based entities have exceeded those held offshore, with US entities now holding 65% more Bitcoin. Oklahoma Senator Dusty Deevers has introduced the Bitcoin Freedom Act, allowing residents and employees to be paid in Bitcoin, citing inflation concerns. Deevers states that this legislation is voluntary and aims to establish a secure framework for Bitcoin transactions in the state. Additionally, Movement Labs, an Ethereum layer-2 developer, is reportedly closing a $100 million funding round, valuing the company at approximately $3 billion. This follows a previous $38 million Series A funding round in 2024. Overall, venture capital investments in Web3 projects reached $1.6 billion in Q4 2024, though this remains significantly lower than the highs seen in early 2022.

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