💵 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.
📌 Key points:
▪️ 2-year ban on stablecoins backed solely by digital assets
▪️ Treasury to conduct a 1-year risk study 🧐
▪️ Goal: Strengthen the USD’s position as the world’s reserve currency
Lawmakers want public feedback before finalizing the bill, while Trump’s administration and Congress are working together on crypto policy. 👀
Meanwhile, Fed Governor Christopher Waller agrees that stablecoins can support the USD but insists proper regulation is needed.
🚨 Regulation is coming—will it boost or strangle stablecoins? 🤔
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.
📌 Key points:
▪️ 2-year ban on stablecoins backed solely by digital assets
▪️ Treasury to conduct a 1-year risk study 🧐
▪️ Goal: Strengthen the USD’s position as the world’s reserve currency
Lawmakers want public feedback before finalizing the bill, while Trump’s administration and Congress are working together on crypto policy. 👀
Meanwhile, Fed Governor Christopher Waller agrees that stablecoins can support the USD but insists proper regulation is needed.
🚨 Regulation is coming—will it boost or strangle stablecoins? 🤔
👍12❤2👎1
📉 Bitcoin Network Activity Hits 1-Year Low
The Bitcoin Network Activity Index has dropped 15% since November, now sitting at 3,760—its lowest level since February 2024. 🧐
For context, the last time activity fell this far below its 365-day MA was July 2021, right after China’s mining ban. 🚜⛏️
What’s happening? Less on-chain movement, fewer transactions… quiet before the storm or just a market nap? 🤔💤
The Bitcoin Network Activity Index has dropped 15% since November, now sitting at 3,760—its lowest level since February 2024. 🧐
For context, the last time activity fell this far below its 365-day MA was July 2021, right after China’s mining ban. 🚜⛏️
What’s happening? Less on-chain movement, fewer transactions… quiet before the storm or just a market nap? 🤔💤
👍11👏2
Crypto soothsayer
🌪Tornado Cash Dev Alexey Pertsev Released Under House Arrest 🏠 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, but…
Tornado Cash co-founder Alexey Pertsev is free!
🎉13👍3
📈 Strategy’s Bitcoin Bet: $0.4B → $41.8B in 5 Years!
Strategy turned $0.4B into $41.8B in BTC over 5 years, but here’s the catch:
🔹 BTC price surged 947%, but due to constant buying, their actual profit is just 50% 🤷♂️
🔹 Meanwhile, Strategy’s stock skyrocketed 2,762% 🚀
And now BlackRock is joining the game, increasing its stake in Strategy to 5% (details) 🔥
Sometimes stocks pump harder than BTC itself. 📊💰
Strategy turned $0.4B into $41.8B in BTC over 5 years, but here’s the catch:
🔹 BTC price surged 947%, but due to constant buying, their actual profit is just 50% 🤷♂️
🔹 Meanwhile, Strategy’s stock skyrocketed 2,762% 🚀
And now BlackRock is joining the game, increasing its stake in Strategy to 5% (details) 🔥
Sometimes stocks pump harder than BTC itself. 📊💰
👍14❤1
🐵 Machi Big Brother just gifted Vitalik a BAYC NFT with the message: "Always pump ETH." 🚀
So far, Vitalik isn’t exactly delivering on that… The best he can do is drop a "bullish" tweet. 😁📉
So far, Vitalik isn’t exactly delivering on that… The best he can do is drop a "bullish" tweet. 😁📉
👍15❤3🍓2
🚀 Bitcoin vs. Trump's Tariffs: A New Trading Pair? 🤔
Trump dropped a 25% tariff on steel & aluminum, and crypto briefly stumbled—BTC dipped to $94K before bouncing back over $97K. 📉📈
The whole market took a hit but recovered fast. Meanwhile, the Crypto Fear & Greed Index is still stuck in "fear mode." 😨
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. 👀
Trump dropped a 25% tariff on steel & aluminum, and crypto briefly stumbled—BTC dipped to $94K before bouncing back over $97K. 📉📈
The whole market took a hit but recovered fast. Meanwhile, the Crypto Fear & Greed Index is still stuck in "fear mode." 😨
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. 👀
👍10❤1
Crypto soothsayer
🐵 Machi Big Brother just gifted Vitalik a BAYC NFT with the message: "Always pump ETH." 🚀 So far, Vitalik isn’t exactly delivering on that… The best he can do is drop a "bullish" tweet. 😁📉
📉 Wall Street is betting big against ETH!
Short positions on Ethereum have surged 40% this week and a massive 500% since November 2024. 😦
🔎 Analysts at The Kobeissi Letter say:
Maybe it’s time for Vitalik to start pumping ETH—before there’s nothing left to pump! 🤔🚀
Short positions on Ethereum have surged 40% this week and a massive 500% since November 2024. 😦
🔎 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 it’s time for Vitalik to start pumping ETH—before there’s nothing left to pump! 🤔🚀
🔥11
🚀 MicroStrategy is now just Strategy… 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. 💰
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 they’re back at it—new name, same Bitcoin addiction. 🔥
Saylor's company grabbed 7,663 BTC for $742.4M between Feb 3-9 at an average price of $97,255 per BTC. 💰
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 they’re back at it—new name, same Bitcoin addiction. 🔥
❤7🔥5👍1
🚀 Bitcoin mining difficulty hits a new ATH! ⛏️📈
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. 🏗
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. ⚡️
Historically, miner capitulation has signaled Bitcoin bottoms—just like in October 2024, when BTC rallied 50% after a similar pattern. Could this be another buy-the-dip moment? 🤔📊
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. 🏗
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. ⚡️
Historically, miner capitulation has signaled Bitcoin bottoms—just like in October 2024, when BTC rallied 50% after a similar pattern. Could this be another buy-the-dip moment? 🤔📊
👍9❤4
💰Elon Musk offers $97.4B for OpenAI & ChatGPT! 🤖
Sam Altman has already responded on Twitter: "No, thanks, but we’ll buy Twitter for $9.74B if you want." 😁
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? 🔥👀
Sam Altman has already responded on Twitter: "No, thanks, but we’ll buy Twitter for $9.74B if you want." 😁
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? 🔥👀
🔥11👍2😁2
BTC accumulation continues 🚀
On December 17, Binance’s BTC balance dropped to 558,022 BTC, marking a new low since early 2024. 📉
🕵️♂️ Analysts note that a similar BTC reserve decline happened before. In March 2024, it led to a new ATH and a 90% price surge. 🤔
If history repeats, BTC could reach $180K soon! 🤑🔥
On December 17, Binance’s BTC balance dropped to 558,022 BTC, marking a new low since early 2024. 📉
🕵️♂️ Analysts note that a similar BTC reserve decline happened before. In March 2024, it led to a new ATH and a 90% price surge. 🤔
If history repeats, BTC could reach $180K soon! 🤑🔥
❤7👍5
⚒️ Marathon mining company unveils its Bitcoin-powered heating system 🔥♻️
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. ❄️➡️🔥
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. ❄️➡️🔥
👍10
🐋 Ethereum whales are stacking up! 🚀
Since February 1, the number of whales holding over 10,000 ETH has increased by 2.3%, signaling strong accumulation. 📈
Big players are loading up, which could mean they’re expecting a major move ahead. Bullish signal or just another whale game? 👀🔥
Since February 1, the number of whales holding over 10,000 ETH has increased by 2.3%, signaling strong accumulation. 📈
Big players are loading up, which could mean they’re expecting a major move ahead. Bullish signal or just another whale game? 👀🔥
👍9❤1
✉️ Proton Mail launches its own Bitcoin wallet! 🔥
Privacy-focused Proton Mail just introduced an open-source Bitcoin wallet—a major step for its 100M+ users worldwide. 🌍💳
Given Proton’s strong stance on privacy & security, this could be a game-changer for self-custody and decentralized finance. 🛡🔗
Another big win for crypto adoption! 🚀
Privacy-focused Proton Mail just introduced an open-source Bitcoin wallet—a major step for its 100M+ users worldwide. 🌍💳
Given Proton’s strong stance on privacy & security, this could be a game-changer for self-custody and decentralized finance. 🛡🔗
Another big win for crypto adoption! 🚀
👍9❤4
📈 ETH Gearing Up for a $3K Rebound? 🚀
Analysts see Ether (ETH) poised for a comeback, with oversold RSI levels, the upcoming Pectra upgrade (March), and U.S. CPI data as key catalysts. 📊
▪️ Resistance to watch: Breakout above $2,650 could push ETH to $3,000 (+13%).
▪️ Institutional buyers are stepping in, taking advantage of the dip.
▪️ Pectra hype & inflation data could fuel momentum.
ETH has struggled, losing 20% in a month, but history suggests bounces from these levels. Is the breakout coming? 👀🔥
Analysts see Ether (ETH) poised for a comeback, with oversold RSI levels, the upcoming Pectra upgrade (March), and U.S. CPI data as key catalysts. 📊
▪️ Resistance to watch: Breakout above $2,650 could push ETH to $3,000 (+13%).
▪️ Institutional buyers are stepping in, taking advantage of the dip.
▪️ Pectra hype & inflation data could fuel momentum.
ETH has struggled, losing 20% in a month, but history suggests bounces from these levels. Is the breakout coming? 👀🔥
👍8❤1