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Bitcoin analysts warn of $95K ‘bear trap’ despite record $102K monthly close
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🟠 Tesla banked $600M from its Bitcoin holdings, and MicroStrategy is next—with 45x the Bitcoin! 📺
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U.S. Treasury Secretary: Cryptocurrency Economy Will Persist
US Treasury Secretary Scott Bessent said in an interview with FOX Business: "The spirit of cryptocurrency is about freedom, and the cryptocurrency economy will continue to exist."
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The Musk Administration's Efficiency Department has been granted access to the U.S. Treasury Department's payment system.
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Bitcoin rebounded and broke through $101,000, with a 24-hour decrease narrowed to 1.25%.💰
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MicroStrategy raises $563M by selling preferred stock to buy more Bitcoin. The deal exceeded its $250M target and offers investors an 8% fixed coupon, boosting Saylor’s crypto buying plan. ⬆️
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🇸🇻 El Salvador buys 5 Bitcoin in the last 24 hours for its Strategic Reserves
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15 states in the United States are promoting strategic reserves of Bitcoin, and Arizona and Utah are temporarily in the lead 🇺🇸
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The Texas Stock Exchange in the United States has raised $161 million from Blackard, Jump Trading and other institutions 💸
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Circle has minted 2.5 billion USDC on the Solana network, bringing the total supply to 60 billion USDC issued so far this year.🪙
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The positive momentum on bitcoin ETFs continued with another day of net inflows worth $588 million, while ether ETFs bounced back with a net inflow of $67.77 million
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🗞 January 31, 2025 cryptocurrency news highlights
【Cryptocurrency】
Pump. fun is facing a proposed class action lawsuit alleging it violated U.S. securities law while earning $500m in fees.
【Economy】
Norway's sovereign wealth fund, managed by NBIM, gained significant exposure to Bitcoin through investments in crypto-friendly companies. By the end of 2024, its indirect Bitcoin holdings grew to 3,821 BTC, valued at $356 million, marking a 153% increase📣
【Indicators】
In Q4, 2024, U.S. dollar stablecoins reached $192bn, officially surpassing 1% of the total U.S. money supply.
【More】
U.S. President Donald Trump is imposing a 25% tariff on Mexico and Canada starting February 1, 2025, in an effort to curb illegal migration and illicit substance shipments into the U.S.
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Pump. fun is facing a proposed class action lawsuit alleging it violated U.S. securities law while earning $500m in fees.
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In Q4, 2024, U.S. dollar stablecoins reached $192bn, officially surpassing 1% of the total U.S. money supply.
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U.S. President Donald Trump is imposing a 25% tariff on Mexico and Canada starting February 1, 2025, in an effort to curb illegal migration and illicit substance shipments into the U.S.
He is still considering whether to exempt oil imports from the tariffs.
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🗞 February 2, 2025 cryptocurrency news highlights
【Cryptocurrency】
Musk It (MUSKIT), a meme coin tied to Elon Musk’s name, has surged over 2,200% after Errol Musk announced his plans to raise $200 million for the Musk Institute, sparking speculation around the token 📈
【Economy】
U.S. Treasury Secretary: Cryptocurrency Economy Will Persist
【Indicators】
Mainstream trading platforms have switched to negative funding rates, with Binance's BTC funding rate dropping to -0.0007%.
【More】
MicroStrategy raises $563M by selling preferred stock to buy more Bitcoin. The deal exceeded its $250M target and offers investors an 8% fixed coupon, boosting Saylor’s crypto buying plan. ⬆️
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Mainstream trading platforms have switched to negative funding rates, with Binance's BTC funding rate dropping to -0.0007%.
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Mars Protocol Alpha Test Recruitment for 10 Slots, MEET48 Facilitates the Creation of Next-Generation Celebrity IP and Meme
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Bitcoin Falls Below $100,000, 24-hour Loss 2.55% & Ethereum Falls Below $3,100, 24-hour Loss of 6%💰🔹
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The Trump Coin project WLFI once again spent 10 million USDC to buy 200 million WLFI coins💣
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Musk It (MUSKIT), a meme coin tied to Elon Musk’s name, has surged over 2,200% after Errol Musk announced his plans to raise $200 million for the Musk Institute, sparking speculation around the token 📈
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74% of the new shares of Trump's encryption project WLFI have been sold 💰
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A clever money spent $8,208 to copy the bottom of STONKS, and made a profit of $308,000 in clearing shipments when it exploded an hour ago 🪙
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Yesterday's net inflow into the US Spot Bitcoin ETF was approximately $3.183 billion & US Ethereum Spot ETF saw a net inflow of approximately $27.77 million🕯
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Last year Bitcoin went up 43.5% in February 👀
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Grayscale has launched a new trust offering exposure to Dogecoin (DOGE). The company's head of product and research, Rayhaneh Sharif-Askary, highlighted Dogecoin's low transaction costs and fast transfer speeds, making it ideal for international remittances, especially in areas with limited banking infrastructure 🐶
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Bitcoin breaks through $105,000
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Elon Musk's father, Errol, plans to raise $150-200m by launching the meme coin "Musk It".
This attempt to profit from his son's name could potentially strain their already tense relationship.
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Musk’s father, Errol Musk, hopes to raise $150 million to $200 million through token projects
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Bitcoin Falls Below $104,000, 24-Hour Loss 0.62%🔽
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