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Ripple announced on the 10th (local time) via X (formerly Twitter) that it has formed a partnership with Portugal's largest exchange company, Unicâmbio. Through this collaboration, the two companies plan to process remittances between Portugal and Brazil using blockchain technology.
Chip Daniels, CEO of Salomon Brothers, an investment firm under Citigroup, stated in a CoinDesk column on the 10th (local time) that "while I cannot fully agree with President Donald Trump's initiative to strategically adopt Bitcoin (BTC) as a reserve asset, it could align with the interests of the United States." He explained, "Critics of virtual assets (cryptocurrencies) argue that they have no intrinsic value, but this is akin to saying that Picasso's works have no value beyond paint and canvas." Furthermore, he added, "BTC possesses social value and scarcity, with the goal of functioning outside government control," and "introducing BTC as a strategic reserve asset signifies a leap in financial technology, invigorating the fintech sector and representing a forward-looking measure."
lmk.fun (formerly ScopeScan) announced on the 10th (local time) via official X (formerly Twitter) that "Trump family's DeFi project World Liberty Financial (WLFI) has just purchased 803,000 Movement (MOVE, approximately $470,000) and staked 913.5 Ethereum (ETH, approximately $2.418 million) on the chain." Two weeks ago, the wallet purchased 2.4 million MOVE at an average price of $0.783.
The three major indices of the U.S. stock market are showing an upward trend. The Nasdaq Composite Index is trading at 19,688.89 points, up 0.85% from the previous session as of 00:03 on the 11th. The Dow Jones Industrial Average is up 0.28% at 44,429.188 points, and the S&P 500 Index is recording a 0.44% increase at 6,052.58 points.
The three major indices of the U.S. stock market closed lower. The Nasdaq Composite Index recorded a 1.36% drop from the previous day, closing at 19,523.40 points on the 8th. The Dow Jones Index fell by 1.01% to 44,294.79 points, and the S&P 500 Index ended the session down 0.92% at 6,027.48 points.
According to CoinDesk, a cryptocurrency-focused media outlet, Barry Silbert, CEO of Digital Currency Group (DCG), stated in a letter to shareholders on the 7th (local time) that "decentralized AI (deAI) will be the next generation of cryptocurrency," and that it "holds greater opportunities and potential than Bitcoin (BTC)." He added, "We have already invested approximately $105 million in over 10 deAI projects," and "we plan to further expand our investments by 2025."
Bitcoin (BTC) has temporarily surrendered the $96,000 level. Meanwhile, BTC is trading at $95,851.86, down 0.87% from the previous day, as of 05:42 on the 8th, based on the Binance Tether (USDT) market.
Bitcoin (BTC) temporarily dropped below the $97,000 mark. Meanwhile, as of 04:47 on the 8th, BTC is trading at $96,914.94 on the Binance Tether (USDT) market, up 1.01% from the previous day.
The CBOE BZX Exchange, a securities exchange under the Chicago Board Options Exchange (CBOE), has submitted an application on behalf of Fidelity for the listing and trading of an Ethereum (ETH) spot Exchange-Traded Fund (ETF) option. The U.S. Securities and Exchange Commission (SEC) has begun soliciting feedback on this matter. According to The Block, a cryptocurrency-focused media outlet, the deadline is 21 days.
According to Jacob King, an analyst at the cryptocurrency newsletter WhaleWire, on the 7th (local time), the Poland Central Bank has stated that Bitcoin (BTC) does not meet security standards and will not be held under any circumstances.
According to the cryptocurrency-focused media outlet Cointelegraph on the 7th (local time), Nasdaq-listed Bitcoin (BTC) mining company CleanSpark announced through its fiscal year 2025 Q1 (2024 Q4) financial report that it recorded a revenue of $1.62 billion. This marks a 120% increase compared to the previous year. Zach Bradford, CEO of CleanSpark, explained that the revenue increase is the result of improved operational hash rate, reduced mining costs, expanded Bitcoin holdings, and portfolio optimization. Meanwhile, as of December 31st (local time), CleanSpark was reported to hold 10,556 BTC.
Paolo Ardoino, the CEO of Tether, the issuer of the world's largest stablecoin USDT, stated on the 7th (local time) via his X (formerly Twitter) that "the growth of USDT helps the US economy and can strengthen the status of the US dollar by purchasing hundreds of billions of dollars in US Treasury bonds." He continued, "USDT supports 400 million users in emerging markets to access the global financial system," adding, "However, billions of people are still marginalized without even basic financial services." Furthermore, he emphasized, "There are good people who are too poor to attract the attention of banks," and "We will continue to support them while helping the development of the US economy."
According to CoinDesk, a cryptocurrency-focused media outlet, Caroline Pham, Acting Chair of the US Commodity Futures Trading Commission (CFTC), is planning a digital asset CEO forum to detail a tokenization pilot program, including stablecoins, on the 7th (local time). The forum is expected to be attended by representatives from major virtual asset companies such as Coinbase, Ripple, Circle, and Crypto.com. Specific details such as the forum schedule have not yet been disclosed. Caroline Pham stated, "I am pleased to announce a groundbreaking initiative for the US virtual asset market," and added, "We will work with market participants to ensure the US can lead in this field." Previously, she proposed a regulatory sandbox idea related to tokenization through the advisory committee, the Global Markets Advisory Committee, but it was rejected by the regulatory agency under the administration at that time.
Bitcoin (BTC) temporarily recovered to the $98,000 level. Meanwhile, BTC is trading at $98,193.90, up 1.32% from the previous day, as of 01:24 on the 8th, based on the Binance Tether (USDT) market.
The three major indices of the United States stock market are showing a downward trend. The Nasdaq Composite is trading at 19,642 points, down 0.76% from the previous day as of 01:22 on the 8th. The Dow Jones is down 0.30% at 44,614.08 points, and the S&P 500 is recording a 0.40% decline at 6,059.33 points.
Ondo Finance announced on the 6th (local time) via their official X (formerly Twitter) that Donald Trump Jr., the son of former U.S. President Donald Trump, will be attending as a surprise closing speaker at the Ondo Summit. Ondo added, "The future of America's Real World Assets (RWA) is bright. New leadership has the potential to make the U.S. a global hub for Virtual Assets (cryptocurrency)." Meanwhile, he is scheduled to deliver the closing speech on February 6th (local time) from 16:30 to 17:00.
The three major indices of the U.S. stock market closed mixed. The Nasdaq Composite index rose by 0.51% to close at 19,791.99 points on the 7th. The Dow Jones Industrial Average fell by 0.28% to 44,747.70 points, while the S&P 500 index rose by 0.35% to close at 6,082.52 points.
According to Reuters on the 6th (local time), ahead of the German federal election on February 23rd (local time), the far-right party 'Alternative for Germany (AfD)' proposed significantly easing regulations on Bitcoin (BTC), wallets, and transactions. Additionally, they expressed opposition to the introduction of the Digital Euro. Currently, AfD is ranking second in opinion polls.
According to Eleanor Terrett, a Fox Business reporter, on the 6th (local time), US Congressman Al Green attended a hearing and claimed that Operation Choke Point 2.0 (the US government's move to strengthen regulation and financial pressure on virtual assets) is false. He emphasized that the Biden Administration has not banned banks from engaging in virtual asset (cryptocurrency) activities. Regarding this, Eleanor Terrett mentioned on X (formerly Twitter) that "Al Green did not mention that in 2023, regulators imposed a 15% deposit limit regulation on virtual asset companies," explaining that "in the case of the bankrupt virtual asset-friendly Silvergate Bank, virtual asset customers made up a large part of the business, and therefore, it could not overcome the 15% limit regulation."
Amid reports that Elon Musk, CEO of Tesla and head of the Department of Government Efficiency (D.O.G.E), supports the idea of uploading U.S. Treasury transactions to the blockchain, Changpeng Zhao, former CEO of Binance, stated on the 6th (local time) via X (formerly Twitter) that "if only cryptocurrencies are used, all transactions are on-chain," adding that "it doesn't matter which blockchain is used, and multiple blockchains can be utilized."
According to The Block, a cryptocurrency-focused media outlet, the U.S. Securities and Exchange Commission (SEC) has begun soliciting feedback on the conversion of the Grayscale Litecoin (LTC) Trust into a spot Exchange-Traded Fund (ETF) as of the 6th (local time). The feedback period is 21 days. Previously, Grayscale submitted a 19b-4 filing to the New York Stock Exchange (NYSE) and the SEC to request a review for converting its LTC Trust into a spot ETF.
According to the cryptocurrency media outlet CoinDesk on the 6th (local time), Ethereum (ETH) developers announced that following their meeting, the Pectra upgrade is scheduled to be applied to the Holsky testnet on February 26th (local time) and the Sepolia testnet on March 5th. If the test is successful, developers plan to hold a meeting on March 6th to determine the official release date for the Ethereum mainnet upgrade. Some developers predict that it is likely to be applied to the mainnet in early April. Additionally, the Pectra upgrade is expected to include a total of 10 EIPs, including EIP-7742, which supports automatic adjustment of blob gas throughput, a new transaction type in the Ethereum consensus layer (CL).
According to The Block, a cryptocurrency-focused media outlet, on the 6th (local time), Galaxy Digital CEO Mike Novogratz stated that "Ethereum (ETH) investment sentiment has weakened unbelievably," and "former SEC Chairman Gary Gensler's attempt to sanction ETH is the main reason why ETH's growth rate has been poor compared to Bitcoin (BTC) and Solana (SOL)." He added, "There is FUD (fear, uncertainty, and doubt) surrounding Ethereum founder Vitalik Buterin and the Ethereum Foundation," and "people are looking for excuses. Nevertheless, the foundation must continue to take the high road. They should be a research institution."
The virtual asset (cryptocurrency) asset management company Grayscale announced on the 6th (local time) via X (formerly Twitter) that the Grayscale Bitcoin (BTC) Mini Trust ETF has surpassed $4 billion in assets under management just six months after its launch.
Bitcoin (BTC) temporarily dropped below the $97,000 mark. Meanwhile, BTC is trading at $96,687.79, down 1.48% from the previous day, as of 02:07 on the 7th, based on the Binance Tether (USDT) market.
Ju Ki-young, CEO of CryptoQuant, stated on the 6th (local time) via X (formerly Twitter) that "Political Finance (PoliFi) will be the killer app for cryptocurrency," adding that "a narrative gains power when it resonates with the majority, tackles extreme and provocative topics, and incites debate and division, all of which politics fulfills." He continued, "Political parties should be able to issue their own coins to enhance the sense of belonging among members," adding, "In this case, the market can quantify public sentiment."
According to The Block, a cryptocurrency-focused media outlet, Ondo Finance (ONDO) announced plans to launch a Layer 1 blockchain called 'Ondo Chain' on the 6th (local time). Institutions such as Franklin Templeton, Wellington Management, and WisdomTree are expected to join the Ondo ecosystem to support the design of Ondo Chain.
The three major indices of the U.S. stock market are showing mixed trends. The Nasdaq Composite Index is trading at 19,729.68 points, up 0.19% from the previous day as of 00:44 on the 7th. The Dow Jones Index is down 0.23% at 44,771.96 points, while the S&P 500 Index is up 0.14% at 6,069.72 points.
The three major indices of the United States stock market closed with gains. The Nasdaq Composite Index recorded an increase of 0.19% to 19,692.33 points on the 6th. The Dow Jones Index rose 0.71% to 44,873.22 points, and the S&P 500 Index ended trading with a 0.41% increase at 6,062.52 points.
According to the virtual asset (cryptocurrency) specialized media Watcher Guru X (formerly Twitter) account on the 5th (local time), Tesla CEO and head of the Department of Government Efficiency (D.O.G.E), Elon Musk, is reportedly supporting the application of blockchain to U.S. Treasury transactions for complete transparency. Previously, U.S. President Donald Trump acknowledged that Elon Musk could access the core payment system of the Treasury. This system is a critical infrastructure that manages all federal government expenditures.