Lost 8000 BTC: Brit's Ongoing Quest for Fortune

In today's edition of The Daily, adapted from The Block’s newsletter, we highlight the ongoing journey of James Howells, the Brit who lost access to 8,000 BTC dumped in a landfill twelve years ago. Contrary to recent reports of him giving up, Howells is changing his strategy to reclaim his lost fortune. Additionally, Solana Mobile has begun shipping its second-generation Seeker smartphones to customers across over 50 countries. In regulatory news, the SEC has updated its guidance on accounting for USD stablecoins, allowing these assets to be classified as cash equivalents if they come with guaranteed redemption mechanisms. President Trump is preparing to sign an executive order imposing penalties on financial institutions that deny services to crypto firms for political reasons, according to reports. Meanwhile, Coinbase plans to raise $2 billion via a private offering of convertible senior notes with staggered maturities between 2029 and 2032. Stay tuned for the latest updates on the digital asset ecosystem with The Block's daily digest. Disclaimer: The Block is an independent news outlet. As of November 2023, Foresight Ventures is a majority investor in The Block. This article is for informational purposes only and should not be construed as legal or financial advice.