Mois : janvier 2025

Mercato-crypto. Cela fait maintenant quelques années que le milieu du football et le secteur des cryptomonnaies se sont rapprochés, notamment avec les cartes à collectionner de joueurs sous forme de NFT (tokens non fongibles). Aujourd’hui, on apprend que le transfert d’un joueur de foot vers le club polonais du Raków Częstochowa a même carrément été payé par cryptomonnaies via la plateforme d’échange Zondacrypto.

Le club polonais Raków Częstochowa paye en cryptos pour recruter le footballeur Ibrahima Seck

Cette fin janvier 2025, le club de football de Raków Częstochowa en Pologne a annoncé l’arrivée du jeune joueur sénégalais Ibrahima Seck au sein de l’équipe. Ce dernier à signer pour jouer jusqu’en 2028 pour le club polonais.

La grosse originalité de ce transfert, c’est qu’il a été réalisé avec des cryptomonnaies via la crypto-bourse locale Zondacrypto. L’exchange polonais explique, dans un communiqué publié sur le réseau X, que c’est « le premier » transfert de joueurs de foot payé en cryptos en Pologne.

« (…) Nous sommes heureux de pouvoir connecter des mondes qui, jusqu’à récemment, avaient peu de points communs. Qui aurait pensé il y a quelques années qu’un transfert de footballeur pourrait être réglé avec des cryptomonnaies ?
Il s’agit d’une véritable étape importante dans le secteur des crypto-actifs ! »

Compte X @zondacryptopl

La plateforme d’échange d’actifs numériques Zondacrypto n’en est pas à son coup d’essai dans le milieu sportif puisque, l’an dernier, l’exchange avait sponsorisé l’équipe de football de la Juventus de Turin. Et au-delà du foot, la crypto-bourse polonaise est également présente sur les maillots des joueurs du Monaco Basket (l’équipe de basketball de la principauté monégasque).

L’article Foot et cryptos : le transfert d’un joueur a été réglé en cryptomonnaies par ce club de football polonais est apparu en premier sur Journal du Coin.

By Omkar Godbole (All times ET unless indicated otherwise)

The crypto market is treading water and the biggest cryptocurrency, bitcoin, is taking a bull breather. Its upward momentum is getting stifled by Trump’s renewed tariff threats, which are also sending gold prices soaring to record highs and propping up demand for the U.S. dollar.

But there is action in some corners of the market. The VIRTUAL token popped after its recent listing on Upbit, and Hyperliquid’s HYPE token has seen a 3% gain. Litecoin is also making waves, with its perpetual futures open interest on centralized exchanges climbing to 5.19 million LTC, the most since Dec. 9, according to Coinglass. The surge hints at fresh capital flowing into the market, likely fueled by hopes of a spot ETF listing in the U.S.

Speaking of stablecoins, USDC is stealing the spotlight as the star performer this month, boasting a remarkable market cap growth of 21% to $53.12 billion. That’s its best month since May 2021, according to TradingView data. In contrast, USDT, the heavyweight champion of dollar-pegged stablecoins, eked out just a 1% increase. USDC even outperformed bitcoin, which grew a respectable 10%.

According to IntoTheBlock, USDC’s outperformance is likely due to its compliance with Europe’s MiCA regulations, while rivals like USDT face tough headwinds. But don’t count USDT out just yet; its market is starting to bounce back, and the simultaneous growth of USDC is offering a bullish impulse for the crypto market.

As we keep an eye on the macro landscape, the pivotal U.S. core PCE — the Fed’s go-to measure for inflation — is set to be released. Expectations are for a hot headline figure, with core reading, which excludes food and energy, showing positive improvements that might help BTC break out of its dull price action near $104,000.

However, ING is cautioning that the dollar might stay strong into the weekend.

“If we don’t receive any news on Canada and Mexico by the end of today, there’s a risk that the dollar could strengthen further as the market starts to price in a higher chance of tariffs being announced tomorrow,” it wrote. So, stay alert!

What to Watch

Crypto:

Jan. 31: Crypto.com is suspending purchases of cryptocurrencies USDT, WBTC, DAI, PAX, PAXG, PYUSD, CDCETH, CDCSOL, LCRO, and XSGD in the EU to comply with MiCA regulations. Withdrawals will be supported through Q1.

Feb. 2, 8:00 p.m.: Core blockchain Athena hard fork network upgrade (v1.0.14)

Feb. 4: Pepecoin (PEPE) halving. At block 400,000, the reward will drop to 31,250 PEPE.

Feb. 5, 3:00 p.m.: Boba Network’s Holocene hard fork network upgrade for its Ethereum-based layer-2 mainnet.

Feb. 5 (after market close): MicroStrategy (MSTR) Q4 FY 2024 earnings.

Feb. 6, 8:00 a.m.: Shentu Chain network upgrade (v2.14.0).

Feb. 11 (after market close): Exodus Movement (EXOD) Q4 2024 earnings.

Feb. 12 (before market open): Hut 8 (HUT) Q4 2024 earnings.

Feb. 13: CleanSpark (CLSK) Q1 FY 2025 earnings.

Feb. 13 (after market close): Coinbase Global (COIN) Q4 2024 earnings.

Feb. 15: Qtum (QTUM) hard fork network upgrade at block 4,590,000.

Feb. 18 (after market close): Semler Scientific (SMLR) Q4 2024 earnings.

Feb. 20 (after market close): Block (XYZ) Q4 2024 earnings.

Feb. 26: MARA Holdings (MARA) Q4 2024 earnings.

Feb. 27: Riot Platforms (RIOT) Q4 2024 earnings.

March 4: Cipher Mining (CIFR) releases Q4 2024 earnings.

Macro

Jan. 31, 8:30 a.m.: The U.S. Bureau of Economic Analysis (BEA) releases December’s Personal Income and Outlays report.

Core PCE Price Index MoM Est. 0.2% vs. Prev. 0.1%.

Core PCE Price Index YoY Est. 2.8% vs. Prev. 2.8%.

PCE Price Index MoM Est. 0.3% vs. Prev. 0.1%.

PCE Price Index YoY Est. 2.6% vs. Prev. 2.4%.

Feb. 2, 8:45 p.m.: China’s Caixin releases January’s Manufacturing PMI report.

Manufacturing PMI Est. 50.5 vs. Prev. 50.5.

Token Events

Governance votes & calls

Compound DAO is voting on an upgrade of its governance contracts from GovernorBravo to OpenZeppelin’s modern Governor implementation.

Balancer DAO is voting whether to initiate a token swap between Balancer DAO and CoW DAO involving 200,000 BAL tokens and around 631,000 COW tokens.

Unlocks

Jan. 31: Optimism (OP) to unlock 2.32% of circulating supply worth $46.39 million.

Feb. 1: Sui (SUI) to unlock about 2.13% of its circulating supply worth $261.91 million.

Feb. 2: Ethena (ENA) to unlock about 1.34% of its circulating supply worth $29.53 million.

Token Listings

Jan. 31: Movement (MOVE), Virtuals Protocol (VIRTUAL) and Sundog (SUNDOG) to be listed on Indodax.

Conferences:

Day 3 of 3: Crypto Peaks 2025 (Palisades, California)

Day 2 of 2: Ethereum Zurich 2025

Day 2 of 2: Plan B Forum (San Salvador, El Salvador)

Day 2 of 3: Crypto Gathering 2025 (Miami Beach, Florida)

Day 2 of 3: CryptoXR 2025 (Auxerre, France)

Day 2 of 4: Oasis Onchain 2025 (Nassau, Bahamas)

Day 2 of 6: The Satoshi Roundtable (Dubai)

Feb. 3: Digital Assets Forum (London)

Feb. 5-6: The 14th Global Blockchain Congress (Dubai)

Feb. 6: Ondo Summit 2025 (New York).

Feb. 7: Solana APEX (Mexico City)

Feb. 13-14: The 4th Edition of NFT Paris.

Feb. 18-20: CoinDesk’s Consensus Hong Kong

Feb. 19: Sui Connect: Hong Kong

Feb. 23-March 2: ETHDenver 2025 (Denver, Colorado)

Feb. 25: HederaCon 2025 (Denver)

Derivatives Positioning

TRX, TRUMP and OM registered the biggest increase in perpetual futures open interest. Traders, however, seem to be shorting TRUMP, as evident from the negative cumulative volume delta.

BTC, ETH open interest and CVD are little changed. The BTC CME basis is hovering around 10%.

Flows in Deribit’s options market have been muted, but BTC and ETH calls continue to trade pricier than puts.

Market Movements:

BTC is down 0.29% from 4 p.m. ET Thursday to $104,810.50 (24hrs: -0.47%)

ETH is up 2.39% to $3,324 (24hrs: +3.32%)

CoinDesk 20 is down 0.3% to 3,838.81 (24hrs: +0.28%)

CESR Composite Staking Rate is up 4 bps to 3.07%

BTC funding rate is at 0.0012% (1.2961% annualized) on OKX

DXY is up 0.47% at 108.30

Gold is unchanged at $2,794.77/oz

Silver is up 0.19% at $31.60/oz

Nikkei 225 closed +0.15% to 39,572.49

Hang Seng closed +0.14% to 20,225.11

FTSE is up 0.3% at 8,673.13

Euro Stoxx 50 is up 0.39% at 5,302.75

DJIA closed on Thursday +0.38% to 44,882.13

S&P 500 closed +0.53% to 6,071.17

Nasdaq closed +0.25% to 19,681.75

S&P/TSX Composite Index closed +1.31% to 25,808.25

S&P 40 Latin America closed +2.21% to 2,388.03

U.S. 10-year Treasury is up 2 bps at 4.536%

E-mini S&P 500 futures are up 0.43% at 6,125.75

E-mini Nasdaq-100 futures are up 0.79% at 21,795.50

E-mini Dow Jones Industrial Average Index futures are up 0.32% at 45,200.00

Bitcoin Stats:

BTC Dominance: 59.21 (-0.11%)

Ethereum to bitcoin ratio: 0.03127 (0.84%)

Hashrate (seven-day moving average): 781 EH/s

Hashprice (spot): $61.7

Total Fees: 4.97 BTC/ $522,698

CME Futures Open Interest: 176,270 BTC

BTC priced in gold: 37.3 oz

BTC vs gold market cap: 10.60%

Technical Analysis

The chart shows $60 has emerged as a strong resistance for BlackRock’s IBIT exchange-trade fund since December, with bulls consistently failing to establish a foothold above that level.

Such patterns represent bullish exhaustion and often pave the way for minor price pullbacks that shake out weak hands, setting the stage for the next leg higher.

Crypto Equities

MicroStrategy (MSTR): closed on Thursday at $340.09 (-0.34%), up 0.2% at $340.77 in pre-market.

Coinbase Global (COIN): closed at $301.30 (+3.54%), down 0.17% at $300.80 in pre-market.

Galaxy Digital Holdings (GLXY): closed at C$29.33 (+0.83%).

MARA Holdings (MARA): closed at $19.18 (+4.13%), up 0.36% at $19.25 in pre-market.

Riot Platforms (RIOT): closed at $11.90 (+6.06%), up 0.76% at $11.99 in pre-market.

Core Scientific (CORZ): closed at $12.26 (+6.98%), up 3.18% at $12.65 in pre-market.

CleanSpark (CLSK): closed at $10.97 (+6.92%), up 0.55% at $11.03 in pre-market.

CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $22.50 (+6.33%), up 3.47% at $23.28 in pre-market.

Semler Scientific (SMLR): closed at $52.15 (+0.13%).

Exodus Movement (EXOD): closed at $61.38 (-31.27%), down 2.23%% at $60.01 in pre-market.

ETF Flows

ETF Flows

Spot BTC ETFs:

Daily net flow: $588.2 million

Cumulative net flows: $40.18 billion

Total BTC holdings ~ 1.18 million.

Spot ETH ETFs

Daily net flow: $67.77 million

Cumulative net flows: $2.73 billion

Total ETH holdings ~ 3.65 million.

Source: Farside Investors

Overnight Flows

Chart of the Day

The MOVE index, which represents an options-based measure of how volatile the U.S. Treasury market is likely to become in the next four weeks, has turned lower.

Declining Treasury market volatility often bodes well for risky assets.

While You Were Sleeping

Bitcoin Steady, Gold Tokens Shine as XAU Hits Record High; Inflation in Tokyo Rises (CoinDesk): President Trump’s tariff threats are a headwind for bitcoin, but derivatives data indicate skepticism toward a major downturn, with traders remaining bullish and growing interest in state-level BTC reserves.

Grayscale Files SEC Proposal to Convert XRP Trust Into ETF (CoinDesk): On Thursday, NYSE Arca filed a Form 19b-4 with the SEC to list shares of Grayscale’s XRP Trust as an ETF.

VIRTUAL Surges 28% as Upbit Listing Exposes the Token to Altcoin Savvy South Koreans (CoinDesk): The price of VIRTUAL, the native token of Virtuals Protocol, a decentralized platform on the Base blockchain for creating AI agents, surged after Upbit said it would list the token.

Trump Is Getting the Lower Interest Rates He Demanded From Everyone but the Fed (Reuters): Despite Trump’s calls for rate cuts, the Fed remains hawkish, while the Bank of Canada, Bank of England and European Central Bank are easing monetary policy.

Trump Says 25% Tariffs on Mexico and Canada May Not Include Oil (CNBC): Trump confirmed on Thursday that 25% tariffs on Mexican and Canadian imports will start Feb. 1 but left oil uncertain.

Japan’s Economy Faces Fallout From Trump’s China Tariff Threats (Bloomberg): Japan’s chief economist, Tomoko Hayashi, said a U.S.-China trade war could hurt her country’s economy, though she believes firms are better prepared now than during Trump’s first term.

In the Ether

Découvrez tout sur Abstract, le layer 2 d’Igloo Inc., la firme derrière les NFT Pudgy Penguins. Cette nouvelle blockchain a-t-elle les moyens de ses ambitions ? On vous explique en vidéo.

L’article Abstract : La blockchain qui arrivera au milliard d’utilisateurs ? est apparu en premier sur Cryptoast.

By Omkar Godbole (All times ET unless indicated otherwise)

The crypto market is trading positively with the Fed risk event out of the way, focusing on positives such as the crypto-friendly president in the White House, the renewed upswing in Tether’s market, and the bullish Chinese New Year effect.

Among cryptocurrencies with $5 billion-plus market valuations, the standout performer is litecoin (LTC), the silver to bitcoin’s gold, which has jumped more than 11% since the early Asian hours compared with gains of 1% to 3% for the rest. It is the third-best performing of the top 100 coins in the past 24 hours, thanks to the SEC acknowledging Canary Capital’s Litecoin ETF proposal. That has opened for public feedback, a move that hints at potential approval in the coming months.

« This is the first altcoin ETF filing to get acknowledged, » Bloomberg Senior ETF analyst Eric Balchunas said on X, noting that the proposal is the one to make the most progress in regulatory requirements.

A potential listing could be as positive for LTC as it has been for BTC and ETH. Note that despite the price surge to $130, LTC is still well short of the $410 record high hit in 2021. Its price chart shows a constructive outlook (check out the Technical Analysis section below).

In other key developments, on-chain activity tracked by Glassnode shows a lower level of retail participation in BTC right than in November. That’s encouraging for bulls looking for cues on whether the latest move above $100,000 is sustainable. Meanwhile, Lombard Finance is becoming more dominant in the bitcoin staking space, capturing a giant share of the total BTC staked this week.

The number of Ethereum’s active addresses recently topped a March 2024 high, signaling a renewed uptick in the on-chain activity, according to IntoTheBlock data. Ether’s price has crossed above $3,200 but is yet to clear the bearish trendline connecting the Dec. 16 and Jan. 6 highs.

In traditional markets, the yield on the benchmark U.S. 10-year Treasury note has dropped to 4.50%, revisiting Monday’s low in a bullish move for risk assets. Those bullish on BTC may be hoping for U.S. core PCE inflation to come in softer-than-expected later today, driving the bond yield even lower.

That said, we will also get fourth-quarter GDP alongside the weekly jobless claims report. Meanwhile, European gas prices have surged to a 15-month high and could inject some volatility into risk assets. Stay alert!

What to Watch

Crypto:

Jan. 31: Crypto.com is suspending purchases of cryptocurrencies USDT, WBTC, DAI, PAX, PAXG, PYUSD, CDCETH, CDCSOL, LCRO, and XSGD in the EU to comply with MiCA regulations. Withdrawals will be supported through Q1.

Feb. 2, 8:00 p.m.: Core blockchain Athena hard fork network upgrade (v1.0.14)

Feb. 4: Pepecoin (PEPE) halving. At block 400,000, the reward will drop to 31,250 PEPE.

Feb. 5, 3:00 p.m.: Boba Network’s Holocene hard fork network upgrade for its Ethereum-based layer-2 mainnet.

Feb. 5 (after market close): MicroStrategy (MSTR) Q4 FY 2024 earnings.

Feb. 6, 8:00 a.m.: Shentu Chain network upgrade (v2.14.0).

Feb. 11 (after market close): Exodus Movement (EXOD) Q4 2024 earnings.

Feb. 12 (before market open): Hut 8 (HUT) Q4 2024 earnings.

Feb. 13 (after market close): Coinbase Global (COIN) Q4 2024 earnings.

Feb. 15: Qtum (QTUM) hard fork network upgrade at block 4,590,000.

Feb. 18 (after market close): Semler Scientific (SMLR) Q4 2024 earnings.

Feb. 20 (after market close): Block (XYZ) Q4 2024 earnings.

Feb. 26: MARA Holdings (MARA) Q4 2024 earnings.

Feb. 27: Riot Platforms (RIOT) Q4 2024 earnings.

Macro

Jan. 30: At a meeting of the Czech National Bank board, Governor Aleš Michl is presenting his plan for the central bank to adopt bitcoin as a reserve asset.

Jan. 30, 8:15 a.m.: The ECB announces its interest-rate decision. This is followed by a press conference at 8:45 a.m. Livestream link.

Deposit Facility Rate Est. 2.75% vs. Prev. 3%.

Main Refinancing Rate Est. 2.9% vs. Prev. 3.15%.

Marginal Lending Rate Prev. 3.4%.

Jan. 30, 8:30 a.m.: The U.S. Bureau of Economic Analysis (BEA) releases Q4 Advance GDP report.

GDP Growth Rate QoQ Est. 2.8% vs. Prev. 3.1%.

GDP Price Index QoQ Est. 2.5% vs. Prev. 1.9%.

Initial Jobless Claims for Week Ended Jan. 25 Est. 220K vs. Prev. 223K.

Continuing Jobless Claims Est. 18900K vs. Prev. 1899K.

Core PCE Prices QoQ Est. 2.5% vs. Prev. 2.2%.

PCE Prices QoQ Prev. 1.5%.

Real Consumer Spending QoQ Prev. 3.7%.

Jan. 30, 4:30 p.m.: The Federal Reserve releases H.4.1 report on Factors Affecting Reserve Balances for the week ended Jan. 29.

Balance Sheet Prev. $6.83T.

Jan. 30, 6:30 p.m.: Japan’s Ministry of Internal Affairs and Communications releases December unemployment report.

Unemployment Rate Est. 2.5% vs. Prev. 2.5%.

Jan. 30, 6:50 p.m.: Japan’s Ministry of Economy, Trade and Industry releases December industrial production (preliminary) report.

Industrial Production MoM Est. 0.3% vs. Prev. -2.2%.

Industrial Production YoY Prev. -2.8%.

Retail Sales MoM Prev. 1.8%.

Retail Sales YoY Est. 3.2% vs. Prev. 2.8%.

Jan. 31, 8:30 a.m.: The U.S. Bureau of Economic Analysis (BEA) releases December 2024’s Personal Income and Outlays report.

Core PCE Price Index MoM Est. 0.2% vs. Prev. 0.1%.

Core PCE Price Index YoY Est. 2.8% vs. Prev. 2.8%.

PCE Price Index MoM Est. 0.3% vs. Prev. 0.1%.

PCE Price Index YoY Est. 2.6% vs. Prev. 2.4%.

Token Events

Governance votes & calls

Rarible DAO is voting whether to grant the Rari Foundation a mandate to collaborate with Rarible on implementing multichain protocol fee collection and designing a primary protocol fee structure for NFT mints.

CoW DAO is voting on granting its Core Treasury Team an allocation of 80 million COW tokens to support liquidity provisioning, treasury growth, and product development for CoW DAO from 2025 to 2028.

Synapse DAO is voting on upgrading SYN token to CX from the Cortex Protocol and holders of both enjoy the same value.

Unlocks

Jan. 31: Optimism (OP) to unlock 2.32% of circulating supply worth $46.39 million.

Feb. 1: Sui (SUI) to unlock about 2.13% of its circulating supply worth $261.91 million.

Feb. 2: Ethena (ENA) to unlock about 1.34% of its circulating supply worth $29.53 million.

Token Listings

Jan. 30: Pepe (PEPE) to be listed on Bitflyer.

Conferences:

Day 2 of 3: Crypto Peaks 2025 (Palisades, California)

Jan. 30, 12:30 p.m. to 5:00 p.m.: International DeFi Day 2025 (online)

Day 1 of 2: Ethereum Zurich 2025

Day 1 of 2: Plan B Forum (San Salvador, El Salvador)

Day 1 of 3: Crypto Gathering 2025 (Miami Beach, Florida)

Day 1 of 3: CryptoXR 2025 (Auxerre, France)

Day 1 of 4: Oasis Onchain 2025 (Nassau, Bahamas)

Day 1 of 6: The Satoshi Roundtable (Dubai)

Feb. 3: Digital Assets Forum (London)

Feb. 5-6: The 14th Global Blockchain Congress (Dubai)

Feb. 6: Ondo Summit 2025 (New York).

Feb. 7: Solana APEX (Mexico City)

Feb. 13-14: The 4th Edition of NFT Paris.

Feb. 18-20: CoinDesk’s Consensus Hong Kong

Feb. 19: Sui Connect: Hong Kong

Feb. 23-March 2: ETHDenver 2025 (Denver, Colorado)

Feb. 25: HederaCon 2025 (Denver)

Token Talk

By Shaurya Malwa

The JELLY token soared to a $200 million market capitalization in latest example of Web2 startup founders launching their own tokens.

The token was launched by Sam Lessin, a co-founder of Venmo, to bootstrap and gain traction for a new video chat app called Jelly.

JELLY is integrated into Jelly eSports, which includes features like Solana Boxes, a loot box game where players can win luxury items by spinning with SOL or JELLY tokens.

Fees from using JELLY are dynamically allocated to burning, staking, liquidity provision incentives, gamification and team support.

Derivatives Positioning

Litecoin’s perpetual futures open interest has surged nearly 20% in 24 hours with positive net cumulative volume delta (CVD) signaling net buying.

TRX, SUI and BTC also boast of a positive net CVD.

BTC and ETH CME futures premiums tick higher in a sign of traders chasing bullish exposure.

On Deribit, BTC and ETH calls continue to trade pricier than puts. Block flows have been mixed, featuring calendar spreads and short vol strategies like short straddles.

Market Movements:

BTC is up 0.86% from 4 p.m. ET Wednesday to $105,190.06 (24hrs: +2.46%)

ETH is up 2.63% at $3,134.98 (24hrs: +2.62%)

CoinDesk 20 is up 1.74% to 3,826.50 (24hrs: +2.41%)

CESR Composite Staking Rate is down 3 bps to 3.03%

BTC funding rate is at 0.0092% (10.12% annualized) on Binance

DXY is unchanged at 107.98

Gold is up 0.91% at $2,778.26/oz

Silver is up 1.11% at $31.05/oz

Nikkei 225 closed +0.25% to 39,513.97

Hang Seng closed +0.14% to 20,225.11

FTSE is up 0.34% at 8,587.03

Euro Stoxx 50 is up 0.73% at 5,269.01

DJIA closed on Wednesday -0.31% to 44,713.52

S&P 500 closed -0.47% to 6,039.31

Nasdaq closed -0.51% to 19,632.32

S&P/TSX Composite Index closed +0.21% to 25,473.30

S&P 40 Latin America closed unchanged at 2,336.48

U.S. 10-year Treasury is down 3 bps at 4.51%

E-mini S&P 500 futures are up 0.33% at 6,087.50

E-mini Nasdaq-100 futures are up 0.49% at 21,627.75

E-mini Dow Jones Industrial Average Index futures are up 0.38% at 45,062.00

Bitcoin Stats:

BTC Dominance: 59.53 (-0.51%)

Ethereum to bitcoin ratio: 0.03054 (1.73%)

Hashrate (seven-day moving average): 774 EH/s

Hashprice (spot): $62.2

Total Fees: 4.82 BTC/ $494,506

CME Futures Open Interest: 170,105 BTC

BTC priced in gold: 38.0 oz

BTC vs gold market cap: 10.80%

Technical Analysis

LTC has broken out of a multimonth basing pattern, indicating a renewed bullish shift in momentum.

Resistance is seen at $150 followed by $300, with support at $86, the December swing low.

Crypto Equities

MicroStrategy (MSTR): closed on Wednesday at $341.25 (+1.58%), up 0.87% at $343.86 in pre-market.

Coinbase Global (COIN): closed at $291.00 (+3.26%), up 0.69% at $293 in pre-market.

Galaxy Digital Holdings (GLXY): closed at C$29.09 (+4.38%).

MARA Holdings (MARA): closed at $18.42 (+0.88%), up 0.87% at $18.58 in pre-market.

Riot Platforms (RIOT): closed at $11.22 (+2.47%), up 1.52% at $11.39 in pre-market.

Core Scientific (CORZ): closed at $11.88 (+1.33%), up 3.66% at $11.88 in pre-market.

CleanSpark (CLSK): closed at $10.26 (+2.09%), up 1.07% at $10.37 in pre-market.

CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $11.22 (+1.58%).

Semler Scientific (SMLR): closed at $52.08 (-0.42%), down 0.15% at $52 in pre-market.

Exodus Movement (EXOD): closed at $89.30 (+11.4%), up 5.88% at $94.55 in pre-market.

ETF Flows

ETF Flows

Spot BTC ETFs:

Daily net flow: $92 million

Cumulative net flows: $39.6 billion

Total BTC holdings ~ 1.17 million.

Spot ETH ETFs

Daily net flow: -$4.82 million

Cumulative net flows: $2.66 billion

Total ETH holdings ~ 3.6 million.

Source: Farside Investors

Overnight Flows

Chart of the Day

The chart shows BTC spent by wallets owned by small and retail investors and whales.

Small addresses are currently spending $10.7 million in BTC each hour, a 48% decline from the peak of $20.6 million in November.

While You Were Sleeping

Crypto Consortium T3 Helps Spanish Authorities Freeze $26.4M Linked to Crime Syndicate (CoinDesk): The T3 Financial Crime Unit, comprising investigators from Tron, Tether and TRM Labs, helped dismantle a European crime syndicate laundering money through cryptocurrency.

Pudgy Penguins’ Layer 2 Network, Abstract, Struggles to Attract Liquidity (CoinDesk): Abstract has struggled to attract liquidity since starting up on Jan. 27 with heavy transaction volume.

Polymarket Still Skeptical of U.S Bitcoin Reserve Despite David Sacks’ Assurance (CoinDesk): The Polymarket prediction market assigns just a 16% chance that President Trump will establish a U.S. bitcoin reserve.

Bitcoin Extends Advance After Fed Meeting, Powell Commentary (Bloomberg): Bitcoin climbed past $105,000 early Thursday after comments some traders saw as pro-crypto by Fed Chair Jerome Powell at Wednesday’s press conference.

Trump Lashes Out at a Favorite Nemesis: The Federal Reserve (The Wall Street Journal): Shortly after the Fed’s FOMC press conference ended, President Trump posted on Truth Social criticizing Powell for his handling of U.S. inflation.

France’s Shrinking Economy Betrays Urgent Need to Overcome Budget Wrangles (CNBC): France’s economy contracted 0.1% in Q4, heightening urgency for Prime Minister François Bayrou to navigate political deadlock and pass a 2025 budget.

In the Ether

Découvrez tout sur Abstract, le layer 2 d’Igloo Inc., la firme derrière les NFT Pudgy Penguins. Cette nouvelle blockchain a-t-elle les moyens de ses ambitions ? On vous explique en vidéo.

L’article Abstract : La blockchain qui arrivera au milliard d’utilisateurs ? est apparu en premier sur Cryptoast.

Fintech présidentielle. On connait l’appétence du nouvel homme fort de Washington pour le business et en seulement quelques mois, cela s’est largement confirmé ! NFT, memecoins, produits dérivés, finance décentralisée et maintenant FinTech, le Président est au four et au moulin en de début de mandat. Retour aujourd’hui sur l’annonce de la création d’une plateforme de services financiers où il est question d’investissement en Bitcoin et en cryptomonnaie.

Trump Media and Technology Group Corp. lance Truth.Fi

La société Trump Media and Technology Group Corp. (TMTG) est à l’origine de la plateforme de médias sociaux Truth Social, mais également du service de streaming vidéo Truth+. Tous deux sont portés par Donald Trump dans sa lutte contre « la censure de plus en plus sévère des grandes entreprises technologiques ».

Le 29 janvier dernier, on a donc appris que le conseil d’administration de TMTG avait approuvé le lancement de la marque de services financiers Truth.Fi. L’objectif affiché est de diversifier les réserves de trésorerie et équivalents de trésorerie de la société mère qui sont estimées à 700 millions de dollars au 31 décembre 2024.

Dans le cadre de cette stratégie, la société TMTG annonce tout d’abord un investissement de 250 millions de dollars dans des véhicules d’investissement personnalisés, et parmi les options envisagées, on retrouve Bitcoin et les cryptomonnaies :

« Ces fonds peuvent être alloués à des comptes en gestion distincte (separately managed accounts ou SMA) ; à des fonds négociés en bourse personnalisés (ETF) ; à Bitcoin ou à des cryptomonnaies similaires ou à des titres financiers liés aux cryptomonnaies. »

Déclaration de Trump Media and Technology Group Corp – Source : Communiqué de presse

Notons que le terme « Bitcoin et cryptomonnaie similaires » a déjà fait toussoter une partie de la cryptosphère, inquiète du mélange des genres, mais c’est une autre histoire.

Le lancement de la plateforme Truth.fi est annoncée sur les réseaux sociaux – Source : Compte X

Un investissement de 250 millions de dollars dans Bitcoin et les cryptomonnaies

Selon les informations disponibles, ces investissements devraient se concentrer sur « la croissance américaine, l’industrie et les entreprises énergétiques », mais surtout sur « des investissements qui renforcent l’économie patriote » si chère au 47ᵉ Président des États-Unis d’Amérique.

Le PDG et président de TMTG, Devin Nunes, parle d’une « expansion naturelle du mouvement Truth Social » vers les produits d’investissement et la finance décentralisée. L’objectif affiché étant de « développer des véhicules d’investissement estampillés American First » :

« Nous avons commencé par créer une plate-forme de médias sociaux dédiée à la liberté d’expression, puis ajouté un service de streaming TV ultra-rapide, et maintenant, nous passons aux produits d’investissement et à la finance décentralisée. »

Devin Nunes, PDG et Président du Conseil d’Administration de TMTG – Source : Communiqué de presse

La société Trump Media and Technology Group Corp. souhaite proposer ses produits et services Truth.Fi avant la fin de l’année. Cependant, elle précise tout de même que cela nécessitera de sécuriser les approbations nécessaires auprès des régulateurs financiers. Le Président et son entourage tissent leur toile dans la crypto et comptent manifestement profiter largement de l’évolution en cours dans le secteur.

L’article Crypto US : Le Président Trump se lance dans les services financiers avec Truth.Fi est apparu en premier sur Journal du Coin.

Abstract, the layer-2 network rolled out this week by Pudgy Penguins, is off to a muted start despite offering a series of incentives to new users.

The network notched 711,000 user transactions on the day of release, but that respectable total has been overshadowed by a lack of inflows. Its total value secured (TVS) was standing at just $33 million worth of ether (ETH) and stablecoins, a far cry from the tens of billions of dollars distributed across other hyped layer 2 networks.

The platform’s native decentralized exchange, NOXA, has $109K worth of total value locked (TVL), down from $515K on launch day, DefiLlama shows.

The launch was marketed as a « new era of consumer crypto » with simplified onboarding that allowed users to create a wallet using an email address.

Users interacting with the Abstract mainnet accrue « xp points » which can be used to « level up » and unlock rewards. However, an Abstract supporter on X noted that « most people don’t care about xp as much as flipping their NFTs, » before going on to lament the project’s community.

Abstract functions like the majority of other Ethereum-based layer 2 networks, users can bridge funds from other blockchains, swap tokens on decentralized exchanges and launch new tokens on zoo.fun, Abstract’s version of the pump.fun token launcher.

But Abstract’s CEO Luca Netz wants to steer attention away from stuffy DeFi applications that typically command the most liquidity on other networks, instead he wants products that are « fun. »

Netz said during an interview that « If it’s not fun and viral there’s no reason for you to build on Abstract. I’m optimizing for fun, viral, simple, stupid. If you want to build the next DeFi application, I really recommend you use Berachain or Arbitrum. Don’t come to Abstract to build those type of products because we want to be really specialized around fun.

Abstract’s launch has coincided with a loss of momentum in Pudgy Penguins’ native token (PENGU), which is down by 7.6% over the past 24 hours and 41% in the past week.

The non-fungible token (NFT) sector has struggled to reach the dizzying heights of 2022 during the recent bull market. Trading volume on OpenSea, despite experiencing a major uptick in December amid airdrop rumors, is averaging around $15 million per day in January compared to $160 million per day three years ago.

Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Ben Schiller, CoinDesk’s Opinion and Features editor.

In this issue:

Movement Labs rolls out dev mainnet

Cardano hard forks to decentralized governance

SSV DAO unveils SSC 2.0

Musk pushes blockchain in government

Network News

MOVEMENT LABS ROLLS OUT DEVNET: Blockchain firm Movement Labs has deployed a developer mainnet to advance its goal of bringing Facebook (META)’s Move Virtual Machine (MoveVM) to Ethereum. The developer mainnet’s launch will begin the deployment of Movement’s core infrastructure and allow selected partners to start implementing decentralized finance (DeFi) protocols, according to an emailed announcement on Tuesday. The release follows the initial mainnet launch of Movement in December and precedes the planned public mainnet beta release next month. Move was developed as a part of Facebook’s ill-fated digital currency project Diem, which was shelved at the start of 2022. The technology was also used to create the Sui and Aptos layer-1 networks. Movement Labs, with the help of a $38 million Series A funding round led by Polychain Capital, is extending the programming language to an Ethereum layer 2 for the first time. Coinciding with the public mainnet’s deployment, Movement will also unveil a multi-asset liquidity program to provide the foundation for decentralized finance (DeFi) applications. Read more.

CARDANO HARD FORKS TO DECENTRALIZATION: Proof-of-stake blockchain Cardano was due to switch to decentralized governance Jan. 29 after the Plomin hard fork takes effect, Cardano Foundation, a non-profit organization backing the project, said on X. « The Plomin hard fork takes effect, marking the transition to full decentralized governance. ADA holders gain real voting power – on parameter changes, treasury withdrawals, hard forks, and the blockchain’s future, » Cardano Foundation said. « [It’s] A milestone in blockchain governance. » Cardano’s ADA token changed hands at 93 cents at press time, up 1.4% on the day, according to data from CoinDesk and TradingView. A hard fork is a non-backwards compatible change to the blockchain’s programming. The Plomin hard fork needs Stake Pool Operators to upgrade their nodes and approve the upgrade with a 51% vote. As of last week, nearly 80% of nodes had elevated to the new version. Read more.

SSV DAO 2.0: The SSV DAO, the decentralized autonomous organization behind the decentralized staking protocol SSV Network, unveiled a new framework, called “SSV 2.0,” allowing applications to make use of “based” technology by leveraging Ethereum validators. SSV 2.0 will be the most ambitious project for the SSV Network, according to a press release shared with CoinDesk, and will bring based applications (bApps) to Ethereum. “Based” applications, especially “based rollups,” are a new type of technology attracting the attention of Ethereum developers as it allows for better interoperability while improving the security of networks on top of Ethereum. Based rollups specifically can be seen as a solution to the many layer-2 networks on Ethereum today, which have caused much fragmentation across the space. By leveraging “based” technology, those protocols or applications can “base” their security and execution operations off of Ethereum’s layer-1 validator set. Currently, layer-2 networks use “sequencers” to order transactions and post those back to Ethereum. Sequencers are criticized for being single points of failure. By using layer-1 validators to do the execution and security work, networks can avoid the downfalls of using centralized sequencers. Ethereum developers agree that based rollups allow for better interoperability in the network. Ethereum ecosystem members have gathered over the last few weeks to find ways to solve this issue, and based rollups are seen as a major breakthrough for that. Now the SSV Network will also tackle these issues by bringing applications with based technology to Ethereum. Read more.

MUSK PUSHES BLOCKCHAIN: in his role leading the new Department for Government Efficiency (D.O.G.E.), Elon Musk suggested that using a digital ledger would be a cost-efficient way to track federal spending, secure data, make payments and manage buildings, according to people familiar with the matter. Several representatives of public blockchains have met with affiliates of D.O.G.E., the people said. The department was created in response to the federal government’s spending of $6.7 trillion in fiscal 2024, which Musk in October called “wasted” money. He promised the department — whose acronym is a nod to Musk’s favorite cryptocurrency, dogecoin (DOGE) — would slash the figure to at most $2 trillion. Given the department’s name and Trump’s determination to establish crypto-friendly policies in the U.S., Musk’s plan to incorporate blockchain technology doesn’t come as a surprise. In addition to creating D.O.G.E. on Jan. 20, Trump signed an executive order to create a working group on digital assets led by venture capitalist David Sacks with a mandate to identify all regulations that currently touch crypto within 30 days, among other things. Read more.

Money Center

XRP Strategic Reserve

Ripple’s Brad Garlinghouse has ignited a debate about a putative national crypto reserve, saying “I believe it should be representative of the industry, not just one token (whether it be BTC, XRP or anything else). » Bitcoiners hope it will be a bitcoin-only reserve.

DeepSeek Hits Tokens

China’s answer to ChatGPT has sent prices for AI tokens tumbling.

Regulatory and policy

Electronic Frontier Foundation calls for dismissal of the long-running Tornado Cash case, which pits developers of the mixer software against the U.S government.

Calendar

Jan. 30-31: PLAN B Forum, San Salvador, El Salvador.

Feb. 1-6: Satoshi Roundtable, Dubai

Feb. 19-20, 2025: ConsensusHK, Hong Kong.

Feb. 23-24: NFT Paris

Feb 23-March 2: ETHDenver

March 18-19: Digital Asset Summit, London

May 14-16: Consensus, Toronto.

May 27-29: Bitcoin 2025, Las Vegas.

Quels sont les meilleurs évènements crypto à ne pas louper en février 2025 ? Alors que NFT Paris aura une place centrale dans les rendez-vous du mois prochain, d’autres dates sont également à cocher au calendrier. Découvrons-les.

L’article Les évènements crypto et blockchain à ne pas louper en février 2025 est apparu en premier sur Cryptoast.

By James Van Straten (All times ET unless indicated otherwise)

Each new day under the Trump administration is as intriguing as the next, and Wednesday is shaping up to be no different.

For one, the president’s enthusiasm for bitcoin is spurring other countries to take a look at the asset. Most recently, Czech National Bank Governor Aleš Michl said he will present a plan to add billions of euros worth of bitcoin to the bank’s reserves. If approved, the institution would become the first Western central bank to hold BTC as a reserve asset. Michl intends to present the plan to the bank’s board on Thursday.

There’s also the Federal Open Market Committee meeting later today, where the benchmark fed funds rate is expected to be held at 4.25%-4.50%. The question is whether Fed Chair Jerome Powell will give a hawkish or dovish outlook, with a knock-on effect on asset prices.

Markets seem to have shaken off concerns over the Chinese DeepSeek AI program, with bitcoin back over $102,000. U.S. equities are shy of a new all-time high as Nvidia (NVDA) stormed back with an almost double-digit increase.

After the market closes, we could see some further volatility, with major tech companies including Tesla (TSLA) reporting earnings.

What to Watch

Crypto:

Jan. 29: Cardano’s Plomin hard fork network upgrade.

Jan. 29: Ice Open Network (ION) mainnet launch.

Jan. 31: Crypto.com is suspending purchases of cryptocurrencies USDT, WBTC, DAI, PAX, PAXG, PYUSD, CDCETH, CDCSOL, LCRO, and XSGD in the EU to comply with MiCA regulations. Withdrawals will be supported through Q1.

Feb. 2, 8:00 p.m.: Core blockchain Athena hard fork network upgrade (v1.0.14)

Feb. 4: MicroStrategy (MSTR) Q4, FY 2024 earnings.

Feb. 4: Pepecoin (PEPE) halving. At block 400,000, the reward will drop to 31,250 PEPE.

Feb. 5, 3:00 p.m.: Boba Network’s Holocene hard fork network upgrade for its Ethereum-based L2 mainnet.

Feb. 6, 8:00 a.m.: Shentu Chain network upgrade (v2.14.0).

Feb. 12: Hut 8 Corp. (HUT) Q4 2024 earnings.

Feb. 13 (after market close): Coinbase Global (COIN) Q4 2024 earnings

Feb. 15: Qtum (QTUM) hard fork network upgrade at block 4,590,000.

Feb. 18 (after market close): Semler Scientific (SMLR) Q4 2024 earnings.

Macro

Jan. 29, 8:45 a.m.: The Bank of Canada (BoC) releases the (quarterly) Monetary Policy Report.

Jan. 29, 9:45 a.m.: The BoC announces its interest-rate decision. This is followed by a press conference at 10:30 a.m.

Est. 3% vs. Prev. 3.25%.

Jan. 29, 2:00 p.m.: The Federal Open Market Committee (FOMC) announces the U.S. central bank’s interest-rate decision. This is followed by a press conference at 2:30 p.m. Livestream link.

Target Range for the Federal Funds Rate Est. 4.25% to 4.5% vs. Prev. 4.25% to 4.5%.

Jan. 30, 5:00 a.m.: The European Central Bank (ECB) releases Q4 GDP (Flash).

Growth Rate QoQ Est. 0.1% vs. Prev. 0.4%.

Growth Rate YoY Est. 1% vs. Prev. 0.9%.

December Unemployment Rate Est. 6.3% vs. Prev. 6.3%.

Jan. 30, 8:15 a.m.: The ECB announces its interest-rate decision. This is followed by a press conference at 8:45 a.m. Livestream link.

Deposit Facility Rate Est. 2.75% vs. Prev. 3%.

Main Refinancing Rate Est. 2.9% vs. Prev. 3.15%.

Marginal Lending Rate Prev. 3.4%.

Jan. 30, 8:30 a.m.: The U.S. Bureau of Economic Analysis (BEA) releases Q4 Advance GDP report.

GDP Growth Rate QoQ Est. 2.8% vs. Prev. 3.1%.

GDP Price Index QoQ Est. 2.5% vs. Prev. 1.9%.

Initial Jobless Claims for Week Ended Jan. 25 Est. 220K vs. Prev. 223K.

Continuing Jobless Claims Est. 18900K vs. Prev. 1899K.

Core PCE Prices QoQ Est. 2.5% vs. Prev. 2.2%.

PCE Prices QoQ Prev. 1.5%.

Real Consumer Spending QoQ Prev. 3.7%.

Jan. 30, 4:30 p.m.: The Federal Reserve releases H.4.1 report on Factors Affecting Reserve Balances for the week ended Jan. 29.

Balance Sheet Prev. $6.83T.

Jan. 30, 6:30 p.m.: Japan’s Ministry of Internal Affairs and Communications releases December unemployment report.

Unemployment Rate Est. 2.5% vs. Prev. 2.5%.

Jan. 30, 6:50 p.m.: Japan’s Ministry of Economy, Trade and Industry releases December industrial production (preliminary) report.

Industrial Production MoM Est. 0.3% vs. Prev. -2.2%.

Industrial Production YoY Prev. -2.8%.

Retail Sales MoM Prev. 1.8%.

Retail Sales YoY Est. 3.2% vs. Prev. 2.8%.

Token Events

Governance votes & calls

ENS DAO is voting whether to convert 6,000 ETH into USDC to replenish its depleted reserves, which it would use to secure a 12-month operational runway to support ongoing commitments.

Stargate Finance DAO to initiate the Hydra Expansion Program, which would allocate up to $10 million in STG tokens to support key initiatives on Hydra chains which should last 12 months.

Pocket DAO is voting whether to replace its compensation scheme with a DAO Compensation Committee of three members who would be responsible for approving Pocket Network Foundation-recommended awards.

Unlocks

Jan. 28: Tribal Token (TRIBL) to unlock 14% of its circulating supply worth $60 million.

Jan. 31: Optimism (OP) to unlock 2.32% of circulating supply worth $52.9 million.

Jan. 31: Jupiter (JUP) to unlock 41.5% of circulating supply worth $626 million.

Feb. 1: Sui (SUI) to unlock about 2.13% of its circulating supply worth $226 million.

Token Listings

Jan. 28: Pudgy Penguins (PENGU) and Magic Eden (ME) to be listed on Kraken.

Jan. 29: Cronos (CRO), Movement (MOVE) and Usual (USUAL) to be listed on Kraken.

Conferences:

Day 1 of 3: Crypto Peaks 2025 (Palisades, California)

Jan. 30, 12:30 p.m. to 5:00 p.m.: International DeFi Day 2025 (online)

Jan. 30-31: Ethereum Zurich 2025

Jan. 30-31: Plan B Forum (San Salvador, El Salvador)

Jan. 30 to Feb. 1: Crypto Gathering 2025 (Miami Beach, Florida)

Jan. 30-Feb. 1: CryptoXR 2025 (Auxerre, France)

Jan. 30-Feb. 2: Oasis Onchain 2025 (Nassau, Bahamas)

Jan. 30-Feb. 4: The Satoshi Roundtable (Dubai)

Feb. 1-28: Mammathon global hackathon for Celestia (online).

Feb. 3: Digital Assets Forum (London)

Feb. 5-6: The 14th Global Blockchain Congress (Dubai)

Feb. 6: Ondo Summit 2025 (New York).

Feb. 7: Solana APEX (Mexico City)

Feb. 13-14: The 4th Edition of NFT Paris.

Feb. 18-20: CoinDesk’s Consensus Hong Kong

Feb. 19: Sui Connect: Hong Kong

Feb. 23-March 2: ETHDenver 2025 (Denver, Colorado)

Feb. 25: HederaCon 2025 (Denver)

Token Talk

By Shaurya Malwa

Ai16z, an open-source AI agent platform, has rebranded to ElizaOS to establish a professional identity and avoid trademark issues with Andreessen Horowitz (a16z).

Shaw Walters, the founder, said on X that the rebranding will boost collaboration with established participants following a 300x growth in assets under management over three months, with plans for Eliza v2 underway.

Uniswap teased its forthcoming v4 in an X post, bumping the UNI token up 7%. The new version has significant enhancements to the Ethereum-based decentralized exchange protocol.

Key features include « hooks » for pool customization, allowing for dynamic fees and on-chain orders, a singleton contract to lower gas costs, flash accounting for efficient token transfers, and native ETH support.

Derivatives Positioning

The open interest-adjusted cumulative volume delta (CVD) indicator shows major cryptocurrencies, except Mantra’s OM token, have seen net selling pressure in the perpetual futures market in the past 24 hours.

WIF’s price has surged 16% alongside an uptick in open interest, while the CVD has dropped. It’s a sign of traders shorting the price rally.

Futures basis remains elevated above 10% in BTC and ETH, a sign traders are chasing the upside. Annualized one-month basis in ETH’s CME futures is slightly pricier than BTC, indicating relative attractiveness of ether for carry trades.

BTC and ETH options expiring this week and on Feb. 7 show a bias for puts. That’s probably due to pre-Fed defensive positioning and BTC struggling to do much above $100,000.

Block flows featured a short position in BTC $130,000 call expiring on March 28.

Market Movements:

BTC is up 2.21% from 4 p.m. ET Tuesday to $102,509.74 (24hrs: -0.27%%)

ETH is up 2.7% at $3,134.98 (24hrs: -1.91%)

CoinDesk 20 is up 0.47% to 3,733.87 (24hrs: +6.73%)

CESR Composite Staking Rate is down 13 bps to 3.96%

BTC funding rate is at 0.0101% (11.0454% annualized) on OKX

DXY is up 0.22% at 108.11

Gold is unchanged at $2,757.89/oz

Silver is unchanged at $30.16/oz

Nikkei 225 closed +1.02% at 39,414.78

Hang Seng closed +0.14% to 20,225.11

FTSE is up 0.32% at 8,561.24

Euro Stoxx 50 is up 0.83% at 5,238.76

DJIA closed on Tuesday +0.31% to 44,850.35

S&P 500 closed +0.92% at 6,067.70

Nasdaq closed +2.03% at 19,733.59

S&P/TSX Composite Index closed +0.52% at 25,419.45

S&P 40 Latin America closed +0.34% at 2,338.52

U.S. 10-year Treasury is down 1 bp at 4.53%

E-mini S&P 500 futures are up 0.1% at 6,103.25

E-mini Nasdaq-100 futures are up 0.39% at 21,665.50

E-mini Dow Jones Industrial Average Index futures are unchanged at 45,029.00

Bitcoin Stats:

BTC Dominance: 59.37 (-0.34%)

Ethereum to bitcoin ratio: 0.03063 (-0.86%)

Hashrate (seven-day moving average): 780 EH/s

Hashprice (spot): $58.2

Total Fees: 4.72 BTC/ $483,629

CME Futures Open Interest: 171,750 BTC

BTC priced in gold: 37.2 oz

BTC vs gold market cap: 10.58%

Technical Analysis

Bitcoin’s rally against the yen has stalled, with the MACD histogram pointing to a weakening of the upward momentum.

The BOJ raised interest rates last week to the highest in 17 years.

Crypto Equities

MicroStrategy (MSTR): closed on Tuesday at $335.93 (-3.45%), up 1.21% at $340 in pre-market.

Coinbase Global (COIN): closed at $281.82 (+1.38%), up 1.2% at $285.20 in pre-market.

Galaxy Digital Holdings (GLXY): closed at C$27.87 (+1.86%).

MARA Holdings (MARA): closed at $18.26 (-0.14%), up 0.77% at $18.40 in pre-market.

Riot Platforms (RIOT): closed at $10.95 (-4.37%), up 1.83% at $11.15 in pre-market.

Core Scientific (CORZ): closed at $11.31 (+0.27%), up 1.59% at $11.49 in pre-market.

CleanSpark (CLSK): closed at $10.05 (-2.47%), up 1.19% at $10.17 in pre-market.

CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $20.83 (+0.24%), up 1.39% at $21.12 in pre-market.

Semler Scientific (SMLR): closed at $52.30 (+3.71%), down 0.19% at $52.20 in pre-market.

Exodus Movement (EXOD): closed at $80.16 (+8.32%), down 0.2% at $80 in pre-market.

ETF Flows

ETF Flows

Spot BTC ETFs:

Daily net flow: $18 million

Cumulative net flows: $39.5 billion

Total BTC holdings ~ 1.171 million.

Spot ETH ETFs

Daily net flow: $0

Cumulative net flows: $2.67 billion

Total ETH holdings ~ 3.59 million.

Source: Farside Investors

Overnight Flows

Chart of the Day

Bitcoin’s on-chain activity has cooled significantly in the past couple of months.

The total number of transactions per second has dropped to 3.54 from highs above 10 in September-October.

While You Were Sleeping

Essential Insights to Monitor During Wednesday’s ‘No Change’ Fed Meeting (CoinDesk): The Federal Reserve is set to hold the federal funds rate steady, with Chair Jerome Powell expected to address inflation, labor market shifts and debt concerns.

Japan’s Metaplanet Plans to Buy 21,000 Bitcoin by 2026 (CoinDesk): The company aims to hold 21,000 BTC by 2026, funding purchases through a $740 million stock acquisition rights issuance. It currently owns 1,761 BTC.

Head of Czech Central Bank Wants It to Buy Billions of Euros in Bitcoin (Financial Times): Aleš Michl, governor of the Czech National Bank, will propose investing up to 7 billion euros ($7.3 billion) in bitcoin to diversify reserves. If approved, the bank would be the first Western central bank to hold BTC.

Traders Bet ECB Will Need to Deepen and Accelerate Rate Cuts (Bloomberg): Traders expect the ECB to cut rates aggressively, beginning with a quarter-point drop Thursday, followed by three more cuts to bring the deposit rate to 2% as U.S. tariff threats weaken the euro and boost bonds.

Foreign Investors Are Fleeing India’s Stock Market — but Analysts See Long-Term Potential (CNBC): Foreign investors are pulling out of Indian markets as economic growth slows, driving the Nifty 50 and Sensex into correction territory. Some analysts call the downturn a natural recalibration.

Growth Engine or Casino? Global Investors Rethink China Playbook (Reuters): Hedge funds and global portfolio managers are exiting China’s equity and bond markets as vague stimulus plans and weak growth stall the CSI 300 index, reflecting declining confidence in long-term investments.

In the Ether