Bitcoin saw a steep decline at the beginning of 2025, falling more than 10,000 USD from its peak at 102,724 USD on January 7, 2025. This significant selloff comes amidst rising job numbers in the U.S. And the Federal Reserve’s stance on interest rates, contributing to an overall challenging market environment.

The Vietnamese government is gearing up to officially define digital assets as per the Civil Code under its new Law on Information Technology Industry. Further, it plans to test crypto exchange activities in financial hubs like Da Nang and Ho Chi Minh City in 2025, aiming to become a significant financial destination in the region.

The U.S. Department of Justice has court approval to sell about 69,370 Bitcoin, worth approximately 6.5 billion USD, seized from the Silk Road marketplace. This decision ends a long-standing legal dispute over ownership, and is a significant move in the legal handling of digital asset seizures.