π BTC Outperforms Alts Since 2022 Low π€·
Since the 2022 market bottom, BTCβs market cap has surged 5.3x (from $363B to $1.93T), while altcoins lag behind with a 4.7x increase ($892B) (Glassnode).
Soβ¦ was it easier to just HODL BTC rather than spend three years trading alts for break-even? π€π°
Since the 2022 market bottom, BTCβs market cap has surged 5.3x (from $363B to $1.93T), while altcoins lag behind with a 4.7x increase ($892B) (Glassnode).
Soβ¦ was it easier to just HODL BTC rather than spend three years trading alts for break-even? π€π°
π8β€1π₯1
π Donald Trump Jr. called crypto the future of American hegemony, emphasizing its role in maintaining economic strength.
Trump family-backed World Liberty Financial (WLF) plans to launch a strategic reserve of crypto assets. Also Trump's media company is exploring Bitcoin ETFs π°
Trump Jr. also criticized overregulation, arguing the U.S. needs a clear but fair framework for crypto.
Trump family-backed World Liberty Financial (WLF) plans to launch a strategic reserve of crypto assets. Also Trump's media company is exploring Bitcoin ETFs π°
Trump Jr. also criticized overregulation, arguing the U.S. needs a clear but fair framework for crypto.
π13β€1
π£ Buterin Hits Back at Solana Hype
Ethereum has faced increasing criticism, with some comparing it unfavorably to Solana, calling it the superior blockchain. Vitalik Buterin finally responded:
He was referring to Solana, Pump.Fun, and the meme coin meta dominating the space.
Vitalik admitted that such trends sometimes make him want to quit, but he keeps fighting for a better future for crypto.
A solid response with facts. Do you agree?π₯
Ethereum has faced increasing criticism, with some comparing it unfavorably to Solana, calling it the superior blockchain. Vitalik Buterin finally responded:
π¬ "Do I feel good when people claim that a PvP KOL casino, where 99% of users lose money, is the best crypto product?"
He was referring to Solana, Pump.Fun, and the meme coin meta dominating the space.
Vitalik admitted that such trends sometimes make him want to quit, but he keeps fighting for a better future for crypto.
A solid response with facts. Do you agree?π₯
π14π―6π₯3β€2
β οΈ New Phishing Scam Targets Phantom Users π»
Hackers have come up with a new phishing method (Details)βthey create fake pop-ups asking users to enter their seed phrase.
π¨ Reminder: The real Phantom wallet will never ask for your seed phrase when connecting to a new site!
π How to spot the scam?
βͺοΈ Right-click test β If the pop-up disables right-click, itβs a fake.
βͺοΈ Check the URL β The real Phantom extension always starts with chrome-extension://, scammers can't replicate this.
Stay alert and double-check before signing anything! π₯π
Hackers have come up with a new phishing method (Details)βthey create fake pop-ups asking users to enter their seed phrase.
π¨ Reminder: The real Phantom wallet will never ask for your seed phrase when connecting to a new site!
π How to spot the scam?
βͺοΈ Right-click test β If the pop-up disables right-click, itβs a fake.
βͺοΈ Check the URL β The real Phantom extension always starts with chrome-extension://, scammers can't replicate this.
Stay alert and double-check before signing anything! π₯π
π13β€1
π΅ U.S. Congress Proposes Stablecoin Regulations
A new draft bill on stablecoin regulation has been introduced in Congress, aiming to create a clear framework for issuers at both state and federal levels.
π Key points:
βͺοΈ 2-year ban on stablecoins backed solely by digital assets
βͺοΈ Treasury to conduct a 1-year risk study π§
βͺοΈ Goal: Strengthen the USDβs position as the worldβs reserve currency
Lawmakers want public feedback before finalizing the bill, while Trumpβs administration and Congress are working together on crypto policy. π
Meanwhile, Fed Governor Christopher Waller agrees that stablecoins can support the USD but insists proper regulation is needed.
π¨ Regulation is comingβwill it boost or strangle stablecoins? π€
A new draft bill on stablecoin regulation has been introduced in Congress, aiming to create a clear framework for issuers at both state and federal levels.
π Key points:
βͺοΈ 2-year ban on stablecoins backed solely by digital assets
βͺοΈ Treasury to conduct a 1-year risk study π§
βͺοΈ Goal: Strengthen the USDβs position as the worldβs reserve currency
Lawmakers want public feedback before finalizing the bill, while Trumpβs administration and Congress are working together on crypto policy. π
Meanwhile, Fed Governor Christopher Waller agrees that stablecoins can support the USD but insists proper regulation is needed.
π¨ Regulation is comingβwill it boost or strangle stablecoins? π€
π12β€2π1
π Bitcoin Network Activity Hits 1-Year Low
The Bitcoin Network Activity Index has dropped 15% since November, now sitting at 3,760βits lowest level since February 2024. π§
For context, the last time activity fell this far below its 365-day MA was July 2021, right after Chinaβs mining ban. πβοΈ
Whatβs happening? Less on-chain movement, fewer transactionsβ¦ quiet before the storm or just a market nap? π€π€
The Bitcoin Network Activity Index has dropped 15% since November, now sitting at 3,760βits lowest level since February 2024. π§
For context, the last time activity fell this far below its 365-day MA was July 2021, right after Chinaβs mining ban. πβοΈ
Whatβs happening? Less on-chain movement, fewer transactionsβ¦ quiet before the storm or just a market nap? π€π€
π11π2
Crypto soothsayer
πͺTornado Cash Dev Alexey Pertsev Released Under House Arrest π After 18 months in jail, Tornado Cash developer Alexey Pertsev is being released under house arrest on Feb 7 with an electronic bracelet, per a Dutch court ruling. "It is not real freedom, butβ¦
Tornado Cash co-founder Alexey Pertsev is free!
π13π3
π Strategyβs Bitcoin Bet: $0.4B β $41.8B in 5 Years!
Strategy turned $0.4B into $41.8B in BTC over 5 years, but hereβs the catch:
πΉ BTC price surged 947%, but due to constant buying, their actual profit is just 50% π€·ββοΈ
πΉ Meanwhile, Strategyβs stock skyrocketed 2,762% π
And now BlackRock is joining the game, increasing its stake in Strategy to 5% (details) π₯
Sometimes stocks pump harder than BTC itself. ππ°
Strategy turned $0.4B into $41.8B in BTC over 5 years, but hereβs the catch:
πΉ BTC price surged 947%, but due to constant buying, their actual profit is just 50% π€·ββοΈ
πΉ Meanwhile, Strategyβs stock skyrocketed 2,762% π
And now BlackRock is joining the game, increasing its stake in Strategy to 5% (details) π₯
Sometimes stocks pump harder than BTC itself. ππ°
π14β€1
π΅ Machi Big Brother just gifted Vitalik a BAYC NFT with the message: "Always pump ETH." π
So far, Vitalik isnβt exactly delivering on thatβ¦ The best he can do is drop a "bullish" tweet. ππ
So far, Vitalik isnβt exactly delivering on thatβ¦ The best he can do is drop a "bullish" tweet. ππ
π15β€3π2
π Bitcoin vs. Trump's Tariffs: A New Trading Pair? π€
Trump dropped a 25% tariff on steel & aluminum, and crypto briefly stumbledβBTC dipped to $94K before bouncing back over $97K. ππ
The whole market took a hit but recovered fast. Meanwhile, the Crypto Fear & Greed Index is still stuck in "fear mode." π¨
First, Mexico & Canada tariffs crashed markets (paused now), and now Europe & China are next. At this rate, traders might start checking Trump's tweets before checking the charts. π
Trump dropped a 25% tariff on steel & aluminum, and crypto briefly stumbledβBTC dipped to $94K before bouncing back over $97K. ππ
The whole market took a hit but recovered fast. Meanwhile, the Crypto Fear & Greed Index is still stuck in "fear mode." π¨
First, Mexico & Canada tariffs crashed markets (paused now), and now Europe & China are next. At this rate, traders might start checking Trump's tweets before checking the charts. π
π10β€1
Crypto soothsayer
π΅ Machi Big Brother just gifted Vitalik a BAYC NFT with the message: "Always pump ETH." π So far, Vitalik isnβt exactly delivering on thatβ¦ The best he can do is drop a "bullish" tweet. ππ
π Wall Street is betting big against ETH!
Short positions on Ethereum have surged 40% this week and a massive 500% since November 2024. π¦
π Analysts at The Kobeissi Letter say:
Maybe itβs time for Vitalik to start pumping ETHβbefore thereβs nothing left to pump! π€π
Short positions on Ethereum have surged 40% this week and a massive 500% since November 2024. π¦
π Analysts at The Kobeissi Letter say:
"Never in history have Wall Street hedge funds been this short on Ethereum... and it's not even close."
Maybe itβs time for Vitalik to start pumping ETHβbefore thereβs nothing left to pump! π€π
π₯11
π MicroStrategy is now just Strategyβ¦ but still buying BTC!
Saylor's company grabbed 7,663 BTC for $742.4M between Feb 3-9 at an average price of $97,255 per BTC. π°
Total stash? 478,740 BTC bought for $30.4B at an average of $65,033 per BTC.
They skipped a week of buying for the first time in 12 weeks, but now theyβre back at itβnew name, same Bitcoin addiction. π₯
Saylor's company grabbed 7,663 BTC for $742.4M between Feb 3-9 at an average price of $97,255 per BTC. π°
Total stash? 478,740 BTC bought for $30.4B at an average of $65,033 per BTC.
They skipped a week of buying for the first time in 12 weeks, but now theyβre back at itβnew name, same Bitcoin addiction. π₯
β€7π₯5π1
π Bitcoin mining difficulty hits a new ATH! βοΈπ
BTC mining difficulty jumped 5.6% to a record 114.7T, meaning miners now need 114.7 trillion calculations to find a block and earn 3.125 BTC. π
This surge comes as the network's hash rate also set a new record, showing strong activity from major mining pools. However, the Hash Ribbon indicator suggests some miners are shutting down due to lower profitability. β‘οΈ
Historically, miner capitulation has signaled Bitcoin bottomsβjust like in October 2024, when BTC rallied 50% after a similar pattern. Could this be another buy-the-dip moment? π€π
BTC mining difficulty jumped 5.6% to a record 114.7T, meaning miners now need 114.7 trillion calculations to find a block and earn 3.125 BTC. π
This surge comes as the network's hash rate also set a new record, showing strong activity from major mining pools. However, the Hash Ribbon indicator suggests some miners are shutting down due to lower profitability. β‘οΈ
Historically, miner capitulation has signaled Bitcoin bottomsβjust like in October 2024, when BTC rallied 50% after a similar pattern. Could this be another buy-the-dip moment? π€π
π9β€4
π°Elon Musk offers $97.4B for OpenAI & ChatGPT! π€
Sam Altman has already responded on Twitter: "No, thanks, but weβll buy Twitter for $9.74B if you want." π
Musk co-founded OpenAI in 2015 but left in 2018. Now, he criticizes the company for abandoning its nonprofit mission while developing xAI, a direct competitor to OpenAI.
AI wars are heating up! Who's making the next move? π₯π
Sam Altman has already responded on Twitter: "No, thanks, but weβll buy Twitter for $9.74B if you want." π
Musk co-founded OpenAI in 2015 but left in 2018. Now, he criticizes the company for abandoning its nonprofit mission while developing xAI, a direct competitor to OpenAI.
AI wars are heating up! Who's making the next move? π₯π
π₯11π2π2
π¨ Solo miner strikes gold! ππ°
Yesterday, a solo miner hit the jackpot by successfully mining block #883181, earning a massive $307,547 (3.158 BTC) in rewards! πβοΈ
Proof that even solo players can still win big in the Bitcoin game. Luck or skill? Either way, thatβs one lucky hash! ππ
Yesterday, a solo miner hit the jackpot by successfully mining block #883181, earning a massive $307,547 (3.158 BTC) in rewards! πβοΈ
Proof that even solo players can still win big in the Bitcoin game. Luck or skill? Either way, thatβs one lucky hash! ππ
π13β€3
BTC accumulation continues π
On December 17, Binanceβs BTC balance dropped to 558,022 BTC, marking a new low since early 2024. π
π΅οΈββοΈ Analysts note that a similar BTC reserve decline happened before. In March 2024, it led to a new ATH and a 90% price surge. π€
If history repeats, BTC could reach $180K soon! π€π₯
On December 17, Binanceβs BTC balance dropped to 558,022 BTC, marking a new low since early 2024. π
π΅οΈββοΈ Analysts note that a similar BTC reserve decline happened before. In March 2024, it led to a new ATH and a 90% price surge. π€
If history repeats, BTC could reach $180K soon! π€π₯
β€7π5
βοΈ Marathon mining company unveils its Bitcoin-powered heating system π₯β»οΈ
Marathon has introduced a heating system that utilizes excess heat from mining equipment, replacing traditional heating methods based on burning carbon-based fuels.
Earlier, we reported that Marathon launched its second centralized heating project in Finland, where a city of 67,000 residents is now heated entirely by Bitcoin mining waste heat. βοΈβ‘οΈπ₯
Marathon has introduced a heating system that utilizes excess heat from mining equipment, replacing traditional heating methods based on burning carbon-based fuels.
Earlier, we reported that Marathon launched its second centralized heating project in Finland, where a city of 67,000 residents is now heated entirely by Bitcoin mining waste heat. βοΈβ‘οΈπ₯
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