Crypto Pro Updates
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๐Ÿ“Š US investors are buying after Bitcoin touched $60K.

The Coinbase premium is now positive for the first time since mid-January. link
๐Ÿ‡ป๐Ÿ‡ณ๐Ÿ•ต๏ธ A draft released by Vietnam's Ministry of Finance proposes that individuals, regardless of residency, transferring crypto assets via licensed platforms may face a 0.1% personal income tax on transaction turnover, mirroring the current securities tax regime.

The draft exempts crypto transfers from VAT, while income from crypto transfers by Vietnamese institutional investors will be subject to a 20% corporate income tax. link
๐Ÿ•ต๏ธ Wallet 0x55C1, which had been dormant for 2 years, withdrew another 34,233 $ETH ($68.78M) from Binance an hour ago. link
๐Ÿณ Whale 0x3952 has gone from profit to loss and has started selling $ETH to cut losses.

Approximately 30 minutes ago, he deposited 24,452 $ETH ($50.05M) into Binance, with 56,528 $ETH ($115.3M) remaining.

His PnL flipped from +$47.5M to -$57.3M. link
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๐Ÿ—ฃ James Lavish believes Bitcoin is experiencing "information arbitrage" and predicts it will trade above $1,000,000 in the early 2030s. He emphasizes that many people do not yet grasp how Bitcoin differs from other assets, viewing it as the ultimate store of value and debasement asset. link
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๐Ÿ“Š A newly created wallet withdrew 1,550 $BTC worth $106.62M from Binance.

Address: 39B2BNjbKBkwAN4WGACpLmVkhJHCWnWMWM

Data: @nansen_ai
๐Ÿ”ฎ Giannis Antetokounmpo announced his shareholder status in prediction market Kalshi Sports after the NBA trade deadline. While Kalshi is regulated as a financial exchange, the NBA allows players to hold less than 1% passive stakes in betting firms. However, Giannis's ability to profit from speculation on his own career, such as trade rumors, raises regulatory challenges for the league. #regulation link
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๐Ÿ‡น๐Ÿ‡ท๐Ÿ‘ฎ Tether assisted Turkish authorities in freezing $544M (approx. โ‚ฌ460M) in crypto assets linked to illegal betting as part of a money laundering investigation. Additionally, Tether revealed it has aided law enforcement in over 1,800 cases across 62 countries, freezing a total of $3.4B in illicit $USDT. #regulation link
๐Ÿ’ต 250,000,000 #USDC (250,075,500 USD) minted at USDC Treasury link
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๐Ÿ“ˆ Public company DDC Enterprise $DDC buys an additional 105 Bitcoin and now holds a total of 1,888 BTC.

Bitcoin 100 Ranking: 35๐Ÿชœ link
๐Ÿฆ Coinbase CEO stated that banks are attempting to undermine the president's crypto agenda.
โš ๏ธ #BTC CEO Wintermute: The likelihood of recent rumors about "bankruptcy of institutional players" is extremely low. Currently, the crypto market is more orderly and risks are manageable. link
โš ๏ธ #BTC CEO Wintermute: The likelihood of recent rumors about "bankruptcy of institutional players" is extremely low. Currently, the crypto market is more orderly and risks are manageable. link
๐Ÿ’ต 250,000,000 #USDC (250,051,625 USD) minted at USDC Treasury link
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๐Ÿ—ฃ Coindeskโ€™s David Lavalle discusses a potential โ€œnext leg of adoptionโ€ for Bitcoin link
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๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ˜ฑ Jim Cramer claims that President Trump purchased Bitcoin for the US strategic reserve during this week's market crash. He stated, "I heard at $60k he's gonna fill the Bitcoin Reserve."
๐Ÿ˜ฑ #BTC Google searches for Bitcoin formed a 12-month high before suddenly crashing.
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โš ๏ธ Every maxi this past week: "I cannot afford to lose." link
๐Ÿ“Š February 5th was the most IBIT options volume ever traded in its history. link
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๐Ÿ“Œ Top 5 News for 24 Hour:

1. $90M Bitcoin & Ethereum shorts liquidated in 30 minutes. โ†’ Read full
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2. Trend Research sent large amounts of ETH recently. โ†’ Read full
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3. Jim Cramer claims Trump bought Bitcoin for US reserve. โ†’ Read full
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4. Whale 0x3952 switches from profit to loss, sells $ETH. โ†’ Read full
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5. Dormant wallet withdraws $68.78M ETH from Binance. โ†’ Read full
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๐Ÿ—ฃ Bloombergโ€™s Eric Balchunas suggests that those who cannot handle the volatility of Bitcoin should consider buying bonds instead. link