Mois : février 2025

Cela fait plusieurs années que les célébrités de tous horizons essayent de tirer profit des cryptomonnaies. Que ce soit via des promotions des plus douteuses ou plus récemment via la création de memcoin. Un phénomène qui a atteint son apogée après le lancement du TRUMP quelques jours avant l’investiture de Donald Trump à la présidence des États-Unis. Ce weekend, c’est le controversé Kanye West « Ye » qui a été au cœur de l’attention sur le réseau social X. Ainsi, ce dernier a, semble-t-il, envisagé de créer son propre memecoin, défrayant la chronique.

Kanye West « Ye » en passe de créer un memecoin ?

L’artiste américain Ye, aussi connu sous le nom de Kanye West, aura décidément été au cœur de l’attention ce weekend sur le réseau social X. Entre ses prises de position élogieuses sur Adolf Hitler, la publication de contenus pornographiques, le rappeur américain a également laissé entendre qu’il pourrait lancer son propre jeton.

En effet, dans une publication depuis supprimée, il dévoile une capture d’écran d’une conversation dans laquelle il demande le contact de Brian Armstrong, le fondateur de Coinbase. La publication est accompagnée du message « À propos des cryptos ».

Rapidement, la sphère crypto s’est enflammée à l’idée qu’il puisse lancer un memecoin. Une situation qui a même attiré l’intérêt de la plateforme Pump.fun qui a encouragé l’artiste à créer son jeton.

Et on la comprend, car cela mettrait une lumière sans précédent sur la plateforme. En effet, en plus d’être un artiste mondialement connu, Ye défraye la chronique pour ses prises de position. De son côté, Pump.fun a prouvé qu’elle partageait l’adage, « Bad Buzz is still buzz ».

Ye dévoile une offre des plus surprenante

Par la suite, dans une publication qui a elle aussi été supprimée, Ye a dévoilé une proposition des plus surprenante, voire terrifiante.

En effet, une personne lui aurait proposé 2 millions de dollars pour lancer son jeton. Toutefois, la proposition ne s’arrête pas là. Ainsi, celle-ci aurait été au cœur d’une arnaque visant à lancer un faux jeton YE.

De son côté, l’artiste empochait 750 000$ en amont, puis 1,25 million de dollars après avoir publié et laissé sa publication pendant 8 heures sur son compte X. Suite à quoi, il devait publier un nouveau message expliquant qu’il avait été victime d’un hack. En sommes, une arnaque visant à tirer profit des dizaines de millions de followers de Ye.

Proposition qu’il a refusée, car ne souhaitant pas arnaquer sa communauté. Finalement, une de ses dernières publications semble enterrer définitivement cette idée de lancer un memecoin : 

« JE NE CRÉE PAS UN SIMPLE MEMECOIN, JE CONSTRUIS DE VRAIS PRODUITS. JE NE FAIS QUE CE QUI ME PASSIONNE ET QUE JE MAÎTRISE. J’AI TROP D’ARGENT POUR FAIRE AUTRE CHOSE.LES MEMECOINS EXPLOITENT LES FANS AVEC LE BATTAGE MÉDIATIQUE, TOUT COMME LA FRÉNÉSIE DANS LA CULTURE DES SNEAKERS. ET LES NFTS, ON EN EST OÙ ? »

De son côté, le compte X de Ye a été désactivé en fin de weekend. Difficile de savoir s’il l’a désactivé lui-même ou si ses publications racistes, nazies ou encore pornographiques du weekend en sont à l’origine.

De son côté, le cours du Bitcoin semble avoir du mal à se remettre de la récente guerre commerciale initiée par Donald Trump. Si bien qu’il a même chuté en dessous de la barre des 95 000$.

L’article De la polémique à la crypto : Kanye West refuse une arnaque visant à lancer un faux memecoin YE est apparu en premier sur Journal du Coin.

By Omkar Godbole (All times ET unless indicated otherwise)

Despite the increasing rhetoric surrounding President Donald Trump’s tariffs, bitcoin (BTC) is holding steady alongside positive cues from foreign exchange risk barometers like AUD/JPY. Later today, Trump is due to impose 25% tariffs on steel and aluminum imports on top of additional metal duties.

This market stance ahead of an impending tariff escalation contrasts starkly with the risk aversion observed a week ago, when Trump fired the first tariff shot. Perhaps market participants think he’s using aggressive tactics to negotiate trade deals rather than committing to sustained tariffs. This notion has gained traction following lat Monday’s decision to suspend tariffs on Mexico and Canada for 30 days, hinting at a more strategic approach to trade negotiations.

According to QCP Capital, the current market stability could embolden Trump to take a tougher stance. « A feedback loop is emerging — President Trump, highly sensitive to market reactions, is facing a market increasingly calling his bluff. This could embolden him further, adding another layer of volatility, » QCP said in a Telegram broadcast.

It will be interesting to see how this develops.

There’s a social media post doing the rounds that shows record open short positions in the CME-listed cash-settled ether futures. Those shorts are not necessarily outright bearish bets and are likely components of carry trades, where investors hold long positions in ETFs while shorting CME futures. Note that the ETH ETF inflows surged last week. It’s possible some of the shorts are investors hedging against long altcoin bets amid concerns over the number of coins and impending large unlocks.

Over the weekend, Base member Kabir.Base.eth refuted claims that the sequencer Coinbase had been selling ETH earned as fees, adding a layer of transparency to its operations.

In another notable development, Archange Touadéra, president of the Central African Republic, reportedly issued a new memecoin that saw a trader turn $5,000 into an astonishing $12 million in less than three hours, achieving a remarkable return of 2,450x, according to LookOnChain data.

Meanwhile, litecoin (LTC) continues to shine as the top-performing cryptocurrency of the past 24 hours, up 9%.

On the macroeconomic front, the surge in the U.S. consumer inflation expectations raises concerns about the likelihood of a prolonged pause in Federal Reserve’s rate cuts. Plus, the U.S. Consumer Price Index (CPI) is due for release on Wednesday. Stay alert!

What to Watch

Crypto:

Feb. 13: Start of Kraken’s gradual delisting of the USDT, PYUSD, EURT, TUSD, UST stablecoins for EEA clients. The process ends March. 31.

Feb. 14: Dynamic TAO (DTAO) network upgrade goes live on the Bittensor (TAO) mainnet.

Feb. 14, 2:30 a.m. (Estimate): Qtum (QTUM) hard fork network upgrade.

Feb. 18, 10:00 a.m.: FTX Digital Markets, the Bahamas-based subsidiary of FTX, will start reimbursing creditors.

Feb. 21: TON (The Open Network) will become the exclusive blockchain infrastructure for messaging platform Telegram’s Mini App ecosystem.

Macro

Feb. 11, 2:30 p.m.: U.S. House Financial Services Subcommittee (« Digital Assets, Financial Technology, and Artificial Intelligence ») hearing titled « A Golden Age of Digital Assets: Charting a Path Forward. » Witness include Jonathan Jachym, who is Kraken’s deputy general counsel. Livestream link.

Feb. 12, 8:30 a.m.: The U.S. Bureau of Labor Statistics (BLS) releases January’s Consumer Price Index (CPI) report.

Core Inflation Rate MoM Est. 0.3% vs. Prev. 0.2%

Core Inflation Rate YoY Prev. 3.2%

Inflation Rate MoM Est. 0.3% vs. Prev. 0.4%

Inflation Rate YoY Est. 2.9% vs. Prev. 2.9%

Feb. 12, 10:00 a.m.: Fed Chair Jerome Powell presents his semi-annual report to the U.S. House Financial Services Committee. Livestream link.

Feb. 13, 8:30 a.m.: The U.S. Bureau of Labor Statistics (BLS) releases January’’s Producer Price Index (PPI) report.

Core PPI MoM Est. 0.3% vs. Prev. 0%

Core PPI YoY Prev. 3.5%

PPI MoM Est. 0.2% vs. Prev. 0.2%

PPI YoY Prev. 3.3%

Feb. 13, 8:30 a.m.: The U.S. Department of Labor releases the Unemployment Insurance Weekly Claims report for the week ended Feb. 8.

Initial Jobless Claims Est. 215K vs. Prev. 219K

Earnings

Feb. 10: Canaan (CAN), pre-market, $-0.08

Feb. 11: HIVE Digital Technologies (HIVE), post-market, $-0.15

Feb. 11: Exodus Movement (EXOD), post-market, $0.14 (2 ests.)

Feb. 12: Hut 8 (HUT), pre-market, $0.05

Feb. 12: IREN (IREN), post-market, $-0.01

Feb. 12 (TBA): Metaplanet (TYO:3350)

Feb. 12: Reddit (RDDT), post-market, $0.25

Feb. 12: Robinhood Markets (HOOD), post-market, $0.41

Feb. 13: Coinbase Global (COIN), post-market, $1.89

Token Events

Governance votes & calls

Aave DAO is discussing recognizing HyperLend as a friendly fork of Aave deployed on the Hyperliquid EVM chain, as well as the deployment of Aave v3 on Ink, Kraken’s layer-2 rollup network.

Sky DAO is discussing, among other things, onboarding Arbitrum One to the Spark Liquidity layer, increasing the PSM2 rate limits on Base, and minting 100 million USDS worth of sUSDS into Base to accommodate for growth on the network.

Feb. 10, 10:30 a.m.: OKX to hold a listings AMA with Chief Marketing Officer Haider Rafique and Head of Product Marketing Matthew Osofisan.

Feb. 12, 2 p.m. : Render (RENDER) to host an AI Scout Discord AMA session.

Unlocks

Feb. 10: Aptos (APT) to unlock 1.97% of circulating supply worth $71.14 million.

Feb. 10: Berachain (BERA) to unlock 12.08% of circulating supply worth $66.07 million.

Feb. 12: Aethir (ATH) to unlock 10.21% of circulating supply worth $23.80 million.

Feb. 14: The Sandbox (SAND) to unlock 8.4% of circulating supply worth $80.2 million.

Token Launches

Feb. 10: Analog (ANLOG) to be listed on Bitget, Gate.io, MEXC and KuCoin.

Feb. 12: Avalon (AVL) and Game 7 (G7) to be listed on Bybit.

Feb. 13: EthereumPoW (ETHW) and Polygon (MATIC) to no longer be supported at Deribit.

Conferences:

CoinDesk’s Consensus to take place in Hong Kong on Feb. 18-20 and in Toronto on May 14-16. Use code DAYBOOK and save 15% on passes.

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

Feb. 18-20: Consensus Hong Kong

Feb. 19: Sui Connect: Hong Kong

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

Feb. 25: HederaCon 2025 (Denver)

Token Talk

By Shaurya Malwa

Various memecoins raffled around the world from Asia to America, bringing back signs of a frenzy that tends to grip the crypto market every few months.

BNB Chain’s TST token, originally created in a tutorial, skyrocketed to a $300 million market cap following mentions by Binance founder Changpeng Zhao. The token gained popularity in Chinese communities, posts show.

David Portnoy of U.S.-based Barstool Sports promoted JAILSTOOL as market watchers accused him of using his social influence to pump the lowcap token, which peaked at over $200 million before settling at a $78 million market cap.

The Central African Republic issued its own memecoin, CAR, aiming to support national development and increase the country’s global visibility.

Derivatives Positioning

Basis in BTC and ETH CME futures dipped below 10%, which may translate into slower inflows into the ETFs.

Perpetual funding rates on offshore exchanges for most major coins remain marginally bullish between an annualized 5% to 10%. XLM stands out as having the most negative funding rate — in excess of -20% — reflecting a bias for shorts.

Front-end ETH puts trade a vol premium of two to five points relative to calls, exhibiting downside fears. BTC front-end options also show a put bias, according to data source Amberdata.

Market Movements:

BTC is up 1.80% from 4 p.m. ET Friday to $97,805.98 (24hrs: -1.01%)

ETH is down 0.79% at $2,647.53 (24hrs: -0.63%)

CoinDesk 20 is up 2.92% to 3,209.42 (24hrs: +0.19%)

CESR Composite Staking Rate is down 3 bps to 2.97%

BTC funding rate is at 0.0087% (9.48% annualized) on Binance

DXY is up 0.12% at 108.16

Gold is up 1.44% at $2,902.17/oz

Silver is up 1.29% to $32.22/oz

Nikkei 225 closed unchanged at 38,801.17

Hang Seng closed up 1.84% at 21,521.98

FTSE is up 0.53% at 8,746.63

Euro Stoxx 50 is up 0.34% at 5,343.63

DJIA closed -0.99% to 44,303.40

S&P 500 closed -0.95% at 6,025.99

Nasdaq closed -1.36% at 19,523.40

S&P/TSX Composite Index closed -0.36% at 25,442.91

S&P 40 Latin America closed -1.10% at 2,410.24

U.S. 10-year Treasury went up 4 bps to 4.48%

E-mini S&P 500 futures are up 0.46% at 6,077

E-mini Nasdaq-100 futures are up 0.70% at 21,742

E-mini Dow Jones Industrial Average Index futures are up 0.35% at 44,576

Bitcoin Stats:

BTC Dominance: 61.70% (0.05%)

Ethereum to bitcoin ratio: 0.02717 (-0.22%)

Hashrate (seven-day moving average): 808 EH/s

Hashprice (spot): $54.1

Total Fees: 5.04 BTC / $337,318

CME Futures Open Interest: 164,510

BTC priced in gold: 33.5 oz

BTC vs gold market cap: 9.52%

Technical Analysis

Shares of Strategy (MSTR) have dived out of a mini rising channel, hinting at an end of the bounce from the Dec. 31 low and potential resumption of a broader pullback from late 2024 highs.

Prices have found acceptance below the 38.2% Fibonacci retracement of the fourfold rally seen from September to November.

A golden rule of technical analysis is that for a market to maintain its current trend, it must hold above the 38.2% level. If it fails to do so, the bull trend is said to have ended.

Crypto Equities

MicroStrategy (MSTR): closed on Friday at $327.56 (+0.56%), up 2.27% at $334.98 in pre-market.

Coinbase Global (COIN): closed at $274.49 (+1.52%), up 1.83% at $279.52 in pre-market.

Galaxy Digital Holdings (GLXY): closed at C$26.89 (-0.66%)

MARA Holdings (MARA): closed at $16.77 (-0.18%), up 1.97% at $17.10 in pre-market.

Riot Platforms (RIOT): closed at $11.64 (+0.26%), up 1.89% at $11.86 in pre-market.

Core Scientific (CORZ): closed at $12.56 (+0.24%), up 0.88% at $12.67 in pre-market.

CleanSpark (CLSK): closed at $11.33 (+9.15%), up 1.5% at 11.50 in pre-market.

CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $23.15 (+1.71%), up 0.52% at $23.27 in pre-market.

Semler Scientific (SMLR): closed at $49.20 (-1.44%), up 2.20% at $50.28 in pre-market.

Exodus Movement (EXOD): closed at $48.37 (+0.75%), +0.52% at 48.62 in pre-market.

ETF Flows

Spot BTC ETFs:

Daily net flow: $171.3 million

Cumulative net flows: $40.70 billion

Total BTC holdings ~ 1.176 million.

Spot ETH ETFs

Daily net flow: No flows reported.

Cumulative net flows: $3.18 billion

Total ETH holdings ~ 3.793 million.

Source: Farside Investors

Overnight Flows

Chart of the Day

The so-called real, or inflation-adjusted, U.S. yield has dropped by 34 basis points in just over three weeks.

A continued decline could trigger a search for yield, galvanizing demand for risk assets, including BTC.

While You Were Sleeping

Bitcoin HODLer Metaplanet Achieves $35M Unrealized Gains in 2024 Thanks to BTC Treasury (CoinDesk): The Japanese company, which already holds 1,761 bitcoin, said it plans to have 10,000 BTC by year end.

Bitcoin Indicator That Signaled $70K Breakout Turns Bearish as Trump’s Trade War Rhetoric Grows (CoinDesk): A popular technical indicator is showing bitcoin weakness amid rising U.S. trade-tariff rhetoric. A drop below $90K would confirm persistent bearish momentum.

US Endowments Join Crypto Rush by Building Bitcoin Portfolios (Financial Times): U.S. foundations and university endowments are ramping up cryptocurrency investments, driven by FOMO and Trump’s pro-crypto stance, despite concerns over price volatility and a lack of regulatory clarity.

Trump Unveils Plans for 25% Tariffs on Steel, Aluminum Imports (Bloomberg): The U.S. is set to announce 25% tariffs on steel and aluminum imports, and reciprocal tariffs on nations taxing U.S. goods will follow this week.

Inflation Rises Amid Lunar New Year Spending As European Stocks Benefit (Euronews): China’s January inflation climbed 0.5% YoY, fueled by Lunar New Year spending and stimulus. Persistent PPI deflation and U.S.-China trade tensions remain a concern.

China’s Strategy in Trade War: Threaten U.S. Tech Companies (The Wall Street Journal): China is reportedly planning to target more U.S. tech giants like Apple and Broadcom with antitrust investigations, aiming to bolster its bargaining position in trade negotiations with the U.S.

In the Ether

MegaETH est un layer-2 d’Ethereum qui fait beaucoup parler de lui ces derniers temps. Notamment, car Vitalik Buterin a investi dans le projet en juin dernier. Ainsi, ce L2 se distingue par son approche hybride. En effet, les preuves sont publiées sur Ethereum, tandis que les transactions brutes sont envoyées vers EigenDA. Et ce, contrairement aux rollups classiques comme Base ou Optimism, où preuves et transactions sont publiées sur Ethereum. De ce fait, MegaETH peut être qualifié de rollup de type validium/optimium, permettant d’atteindre des performances supérieures à la moyenne. Avec l’arrivée imminente d’un premier testnet, MegaETH semble déjà préparer son airdrop avec une collection de NFT.

MegaETH lance sa collection de NFT soulbound

Le 3 février, Yilong Li, le fondateur de MegaETH a révélé sur X que le testnet du layer-2 serait ouvert au public dans un délai de 30 jours. Une nouvelle qui a de quoi ravir les farmeurs d’airdrop qui vont se précipiter sur le réseau.

En parallèle, il semblerait que MegaETH réfléchit déjà à son airdrop et à sa distribution. C’est dans cette optique que MegaETH a annoncé le 5 février le lancement d’une collection de NFT.

Intitulée The Fluffle, cette collection sera composée de 10 000 NFT soulbound. Pour rappel, un NFT soulbound est lié à une adresse et de ce fait intransférable.

En pratique, les NFT seront vendus au prix de 1 ETH par unité. Ces derniers permettent à leurs détenteurs d’acquérir une part significative, au moins 5 % du réseau. À noter que l’allocation se veut dynamique et évoluera avec le temps, donc la part pourrait augmenter.

Via cette vente, MegaETH souhaite lever 10 000 ETH supplémentaires, soit l’équivalent de 27 millions de dollars.

Au-delà d’une simple opération marketing, cette initiative vise à redonner au public un véritable contrôle sur le projet. Le tout, en évitant les dérives liées aux systèmes d’airdrop traditionnels.

Une vente en deux temps

Plutôt que d’opter pour le classique programme de points et autres incitations pas toujours très équitables, MegaETH veut tenter une nouvelle approche. D’où cette collection de NFT.

Pour ce faire, la vente des NFT est divisée en deux phases. 

La première phase, intitulée « rétroactive », vise à récompenser les membres de longue date et les contributeurs actifs. Toutefois, pour y participer il faudra que votre adresse soit dans la liste des 80 000 adresses sur la whitelist. Hé oui, seules les adresses sur cette whitelist pourront participer à la vente.

« La première série de 5 000 NFT sera destinée à récompenser ceux qui ont participé activement à notre industrie. Qu’il s’agisse de soutenir des protocoles clés ou d’amorcer des communautés locales, nous avons accumulé plus de 80 000 adresses qui seront éligibles pour participer au mint. Une petite partie des 5 000 NFT sera allouée aux premiers adeptes de la communauté MegaETH, ainsi qu’à divers partenaires stratégiques, et certains d’entre eux recevront des mints gratuits. »

La seconde phase, cette fois-ci « proactive » se déroulera quelques mois après la première phase.

« La deuxième série de 5 000 NFT sera mise à disposition quelques mois après la première, avec l’intention de donner une opportunité similaire à ceux qui continuent à conduire des interactions sociales et onchain impactantes pour MegaETH. La différence pour cette tranche est que l’allocation sera donnée aux équipes qui font de nous ce que nous sommes : La Mega Mafia. Chaque équipe recevra une partie de l’approvisionnement à distribuer à leur communauté respective et constituera collectivement la majorité de l’approvisionnement de la deuxième tranche. Une petite partie de cette tranche sera réservée aux utilisateurs par le biais de l’analyse des médias sociaux. »

En somme, cette phase viendra probablement récompenser les utilisateurs les plus actifs sur le testnet. Que ce soit en termes d’activité on-chain ou d’implication via les réseaux sociaux.

Espérons tout de même qu’un potentiel airdrop ne soit pas restreint à ces adresses. De plus, nous attendons avec impatience la publication de la méthodologie qui a permis de sélectionner les adresses présentes dans la whitelist.

Sur Ethereum toujours, Vitalik Buterin a récemment dévoilé que le hard fork Pectra devrait être déployé d’ici au mois de mars. Cela fait suite à plus d’un an de développement, plusieurs devnet et testnet publics.

L’article MegaETH bouscule les conventions : un airdrop innovant grâce à une collection de NFT soulbound est apparu en premier sur Journal du Coin.

Les NFT au service de la musique. Le lancement de la blockchain Soneium n’a pas manqué de déclencher les critiques. Il s’agit d’un layer 2 du réseau Ethereum soutenu par le géant Sony. Et après quelques semaines de fonctionnement, voici que ce projet dévoile sa toute première collection de NFT musicaux. C’est-à-dire ?

Sony dévoile des NFT musicaux sur Soneium

En janvier dernier, le géant japonais Sony a lancé le mainnet de son layer 2 Ethereum appelé Soneium. Depuis, le réseau a connu une croissance notable, avec plus de 248 000 comptes créés et 1,9 million d’adresses actives selon les chiffres de l’entreprise.

Soneium a lancé son mainnet en janvier dernier

Après quelques semaines de fonctionnement public, les choses semblent se préciser du côté de Sony. En effet, l’entreprise vient de dévoiler le lancement de sa toute première collection de NFT musicaux sur Soneium.

Une actualité dont se réjouit le projet Soneium sur son compte X officiel. Car cela représente un objectif qui « s’aligne parfaitement avec l’objectif principal de Soneium : créer un Internet où chaque créateur obtient la mise en avant et la reconnaissance qu’il mérite ».

Une collaboration avec le label Coop Records

Cette collection inédite de NFT musicaux concerne pour le moment un morceau du producteur NUU$HI, basé à Tokyo. Ce mix de 22 minutes est actuellement disponible au mint (0.000777 ETH) sur la plateforme Sonova du réseau Soneium.

Un projet réalisé en partenariat avec le label de musique on-chain Coop Records. Et de ce côté-là ce n’est absolument pas une première, puisqu’il compte déjà plus de 600 NFT musicaux à son catalogue. Avec comme objectif de résoudre le problème de répartition inéquitable des profits entre les labels, les plateformes de streaming et les artistes grâce à la technologie blockchain.

Avec cette nouvelle collection de NFT musicaux, Sony et Coop Records montrent que la blockchain peut être un outil puissant pour transformer l’industrie musicale. Cela en offrant aux artistes une nouvelle façon de monétiser leur travail. Mais également en proposant aux fans une manière unique de soutenir leurs musiciens préférés.

L’article Soneium : Sony lance une collection de NFT musicaux avec un label crypto est apparu en premier sur Journal du Coin.

Aptos, la blockchain « la plus sûre et la plus scalable », cache un écosystème en pleine effervescence. Wallets, DeFi, NFT… Découvrez 5 projets clés qui pourraient bien façonner l’avenir de ce réseau prometteur

L’article Découvrez le top 5 des projets à connaître sur la blockchain Aptos est apparu en premier sur Cryptoast.

La marque française d’électronique METAVISIO — THOMSON Computing a récemment émis sa première collection NFT dans le cadre du lancement de son laptop web3 en partenariat avec io.finnet, nommée ‘Metavisio.’

L’article METAVISION — La collection NFT Web3 de THOMSON Computing se vend instantanément, se classant première sur OpenSea est apparu en premier sur Cointribune.

By Omkar Godbole (All times ET unless indicated otherwise)

The crypto market remains directionless, with bitcoin (BTC) languishing below $100,000 before the U.S. jobs report. It’s surprising prices have not yet crossed that threshold, especially after President Donald Trump’s son, Eric, encouraged the family-linked WLFI to invest in BTC in a post on X on Thursday.

Typically, such endorsements during a bull run lead to substantial gains. That that hasn’t materialized is a sign markets are no longer buoyed by talk alone and Trump needs to walk the walk. Early this week, the administration said it’s evaluating the feasibility of a strategic BTC reserve.

Another possibility is that caution ahead of nonfarm payrolls is capping the upside. If that’s the case, a breakout may occur once the data is out, especially if the figure prints weaker than estimated, potentially driving Treasury yields and the dollar index lower.

Crypto newsletter service LondonCryptoClub recommends keeping an eye on revisions in the previous figures. « Bloomberg Intelligence expecting some large downside revisions suggesting the Labour market not as strong in 2024 as first appeared We still think the market (and the Fed themselves) are massively under pricing the rate cuts that will need to come, » the newsletter service’s founders said on X.

At press time, Volmex’s one-day bitcoin implied volatility index stood at an annualized 51%, suggesting a daily price swing of 2.6%, or about $2,600. In other words, the figure could move the spot price by $2,600 in either direction. Notably, some traders are buying put options, bracing for potential downside volatility should the data come in strong.

In other news, the « Strategic Bitcoin Reserve » bill passed the House in the state of Utah and will now move to the Senate. Bloomberg ETF analyst James Seyffart reported that the U.S. SEC has acknowledged Grayscale’s Solana 19b-4 filing. And VanEck predicted a $500 price for SOL, more than double its current value of around $180.

Additionally, FOX reporter Eleanor Terrett shared that U.S. House Financial Services Committee Chairman French Hill and Digital Assets Subcommittee Chairman Bryan Steil have released a stablecoin regulation discussion draft, which proposes a two-year ban on stablecoins backed solely by self-issued digital assets and mandates a Treasury study on their risks.

And finally, Berachain’s BERA token, which debuted yesterday, has already recorded a staggering perpetual trading volume of $4.8 billion, with its price currently sitting at $7.60, a significant drop from yesterday’s peak of $14. Stay alert!

What to Watch

Crypto:

Feb. 13: Start of Kraken’s gradual delisting of the USDT, PYUSD, EURT, TUSD, UST stablecoins for EEA clients. The process ends March. 31.

Feb. 18, 10:00 a.m.: FTX Digital Markets, the Bahamas-based subsidiary of FTX, will start reimbursing creditors.

Macro

Feb. 7, 8:30 a.m.: U.S. Bureau of Labor Statistics (BLS) releases January’s Employment Situation report.

Non Farm Payrolls Est. 170K vs. Prev. 256K

Unemployment Rate Est. 4.1% vs. Prev. 4.1%

Feb. 8, 8:30 p.m.: China’s National Bureau of Statistics (NBS) releases January’s Consumer Price Index (CPI) report.

Inflation Rate MoM Prev. 0%

Inflation Rate YoY Prev. 0.1%

PPI YoY Prev. -2.3%

Earnings

Feb. 10: Canaan (CAN), pre-market, $-0.08

Feb. 11: HIVE Digital Technologies (HIVE), post-market, $-0.11

Feb. 11: Exodus Movement (EXOD), post-market, $0.14 (2 ests.)

Feb. 12: Hut 8 (HUT), pre-market, $0.04

Feb. 12: IREN (IREN), post-market, $-0.01

Feb. 12 (TBA): Metaplanet (TYO:3350)

Feb. 12: Reddit (RDDT), post-market, $0.25

Feb. 12: Robinhood Markets (HOOD), post-market, $0.41

Feb. 13: Coinbase Global (COIN), post-market, $1.61

Token Events

Governance votes & calls

OsmosisDAO is discussing a change to the use of taker fees collected in OSMO to burn 50% of collected fees.

Threshold DAO is discussing the creation of a bond program to address its stablecoin’s liquidity challenges.

Sky DAO is voting on an an executive proposal to lower savings rates, sweep over 400K DAI in PauseProxy into the Surplus Buffer and allocate 3 million DAI for integration boost funding, among other things.

Yearn DAO is discussing the elimination of the Protocol Guardian Role over concerns surrounding its use to override previous democratic decisions and potential legal risks.

Feb. 7, 1 p.m.: Sweat Economy (SWEAT) to hold a token holders briefing discussing tokenomics, product roadmap and partnerships.

Feb. 8, 1:08 p.m.: A dYdX Foundation vote on granting the dYdX Operations subDAO signer market authority over the market map and eliminate revenue sharing for that function is on track to pass.

Feb. 10, 10:30 a.m.: OKX to hold a listings AMA with Chief Marketing Officer Haider Rafique and Head of Product Marketing Matthew Osofisan.

Unlocks

Feb. 9: Movement (MOVE) to unlock 2.17% of circulating supply worth $31.41 million.

Feb. 10: Aptos (APT) to unlock 1.97% of circulating supply worth $68.99 million.

Feb. 12: Aethir (ATH) to unlock 10.21% of circulating supply worth $22.72 million.

Token Launches

Feb. 7: Avalon Labs (AVL) to be listed on Bybit.

Feb. 13: EthereumPoW (ETHW) and Polygon (MATIC) to no longer be supported at Deribit.

Conferences

CoinDesk’s Consensus to take place in Hong Kong on Feb. 18-20 and in Toronto on May 14-16. Use code DAYBOOK and save 15% on passes.

Feb. 7: Solana APEX (Mexico City)

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

Feb. 18-20: Consensus Hong Kong

Feb. 19: Sui Connect: Hong Kong

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

Feb. 25: HederaCon 2025 (Denver)

Token Talk

By Shaurya Malwa

BNB Chain speculators are gambling with a random TST token after an educational video showed its creation.

TST, or Test Token, was issued on the BNB Chain using the BEP-20 standard. It was not officially launched by Binance, but rather used in a token creation tutorial video by the BNB Chain team.

The price surged after the video was shared by Binance founder Changpeng Zhao on X because users took it to be an official Binance token even though Zhao no longer has a formal role at the company.

Zhao deleted his repost of the video later.

TST skyrocketed to a market cap of around $40 million shortly after Zhao’s post, reaching trading volumes of over $90 million at peak.

Derivatives Positioning

Perpetual funding rates for BERA are deeply negative, showcasing a strong bias for short positions. SOL, BNB, SHIB and BCH also have negative rates.

QCP Capital noted demand for BTC puts at $90K and $80K strikes expiring on Feb. 28 in a sign of persistent downside worries.

Block flows featured a BTC calendar spread betting on prices staying below $120K by the end of April, but eventually rising past $170K the end of December. Plus, an outright long in the $88K Feb expiry put crossed the tape.

ETH flows featured an outright long in the Feb. 14 expiry call at the $2,800 strike.

Market Movements:

BTC is up 1.24 % from 4 p.m. ET Thursday to $97,686.16 (24hrs: -1.07%)

ETH is up 1.61% at $2,757.18 (24hrs: -1.75%)

CoinDesk 20 is up 1.99% to 3,215.42 (24hrs: -1.83%)

CESR Composite Staking Rate is down 3 bps to 3.06%

BTC funding rate is at 0.0052% (5.72% annualized) on Binance

DXY is up 0.08% at 107.78

Gold is up 0.37% at $2,866.78/oz

Silver is up 0.29% to $32.26/oz

Nikkei 225 closed down 0.72% at 38,787.02

Hang Seng closed up 1.15% at 21,133.54

FTSE is down 0.29% at 8,703.92

Euro Stoxx 50 is down 0.15% at 5,348.71

DJIA closed -0.28% to 44,747.63

S&P 500 closed +0.36% at 6,083.57

Nasdaq closed +0.51% at 19,791.99

S&P/TSX Composite Index closed -0.14% at 25,534.49

S&P 40 Latin America closed +1.87% at 2,437.08

U.S. 10-year Treasury was unchanged at 4.44%

E-mini S&P 500 futures are unchanged at 6,104.00

E-mini Nasdaq-100 futures are unchanged at 21,855.75

E-mini Dow Jones Industrial Average Index futures are unchanged at 21,853.00

Bitcoin Stats:

BTC Dominance: 61.62 (-0.48%)

Ethereum to bitcoin ratio: 0.02823 (1.40%)

Hashrate (seven-day moving average): 808 EH/s

Hashprice (spot): $57.2

Total Fees: 5.17 BTC / $514,435

CME Futures Open Interest: 163,140 BTC

BTC priced in gold: 33.7 oz

BTC vs gold market cap: 9.58%

Technical Analysis

Bitcoin seems to be crossing below the Ichimoku cloud used by traders to gauge momentum and trend strength.

Crosses below the indicator are taken to represent a bearish shift in trend.

Crypto Equities

MicroStrategy (MSTR): closed on Thursday at $325.46 (-3.34%), up 0.63% at $327.50 in pre-market.

Coinbase Global (COIN): closed at $270.37 (-1.73%), up 0.75% at $272.39 in pre-market.

Galaxy Digital Holdings (GLXY): closed at C$27.07 (-2.13%)

MARA Holdings (MARA): closed at $16.80 (-1.35%), up 0.89% at $16.95 in pre-market.

Riot Platforms (RIOT): closed at $11.61 (-1.11%), up 0.69% at $11.69 in pre-market.

Core Scientific (CORZ): closed at $12.53 (-1.42%), up 0.32% at $12.57 in pre-market.

CleanSpark (CLSK): closed at $10.38 (+0.68%), up 6.84% at 11.09 in pre-market.

CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $22.76 (+1.34%), down 0.06% at $22.70 in pre-market.

Semler Scientific (SMLR): closed at $49.92 (-3.61%), up 2.14% at $50.99 in pre-market.

Exodus Movement (EXOD): closed at $48.01 (-6.52%), unchanged in pre-market.

ETF Flows

Spot BTC ETFs:

Daily net flow: -$140.2 million

Cumulative net flows: $40.53 billion

Total BTC holdings ~ 1.174 million.

Spot ETH ETFs

Daily net flow: $10.7 million

Cumulative net flows: $3.18 billion

Total ETH holdings ~ 3.783 million.

Source: Farside Investors

Overnight Flows

Chart of the Day

The combined market capitalization of top two stablecoins, USDT and USDC, continues to grow and is fast nearing $200 billion.

The relentless rise represents an influx of money into the crypto market, hinting at bullish prospects.

While You Were Sleeping

Bitcoin in a Mire, Gold Eyes 6th Straight Week of Gains as Jobs Data Looms (CoinDesk): With BTC struggling to find its footing amid declining Bitcoin network activity, today’s U.S. jobs data will give some clues on what the Fed may do next.

Solana’s SOL Could Hit $520 by 2025-End, VanEck Says (CoinDesk): Investment firm VanEck expects the SOL price to reach $520 by year-end. The forecast is based on growing demand for smart-contract platforms and an expanding U.S. M2 money supply.

Fed’s Waller Says Stablecoins Could Back Dollar’s Reserve Status (Bloomberg): While giving a speech in Washington, Fed Governor Christopher Waller expressed support for stablecoins as long as appropriate « regulatory rails » are in place to « make sure the money is there. »

Trump’s Memecoin Copycats Spark Fears for Investors (Financial Times): According to an FT analysis, since Donald Trump and his wife launched official memecoins, over 700 copycat tokens have flooded his official Solana wallet, prompting investor warnings.

India’s Central Bank Cuts Rates for First Time in Nearly 5 Years; Signals Less Restrictive Approach (Reuters): The Reserve Bank of India (RBI) reduced its repo rate by 25 basis points while maintaining a neutral policy stance in an attempt to stimulate a sluggish economy amid lower growth expectations.

Look to India, Japan for ‘Quality Alpha’ Amid Market Uncertainty, Investor Says (CNBC): According to alternative investment firm PAG, it’s hard to find alpha in China right now due to a lackluster economy and uncertainty over the impact of a trade war with the U.S.

In the Ether

Le secteur des cryptomonnaies a de multiples facettes, toutes plus avant-gardistes les unes que les autres. Et parmi ces dernières figure en bonne position l’écosystème foisonnant dédié aux NFT. Une communauté qui se retrouve chaque année dans la capitale lors de l’évènement NFT Paris. À cette occasion, des side events sont organisés sur des thématiques précises, comme par exemple le AI Agent Day annoncé le samedi 15 février. Une opportunité d’échanger sur ces deux univers que tout rapproche.

NFT Paris : comment participer au AI Agent Day

L’évènement NFT Paris permet de rassembler les amateurs d’innovation en lien à ces jetons non fongibles. Avec des cas d’usage artistiques qui ne doivent pas faire oublier que bien d’autres choses sont possibles à l’aide de ces certificats numériques.

Mais ces rencontres sont également l’occasion d’organiser des side events. C’est-à-dire des soirées de connexions et de conversations autour d’une thématique spécifique. Et comment ne pas envisager de faire la part belle à l’intelligence artificielle au centre de toutes les attentions.

Venez participer au AI Agent Day

C’est la raison pour laquelle un AI Agent Day a été programmé le 15 février à la Galerie Artverse, dans le 3e arrondissement de Paris. Avec pour vocation de traiter plus spécifiquement de la hype importante autour des Agents IA.

« Si vous êtes un investisseur en capital-risque, un fondateur d’IA, un créateur de Web3 ou un créateur de contenu, c’est l’occasion idéale de nouer des contacts, de trouver des opportunités d’investissement et d’avoir des conversations intéressantes avec vos pairs. Notre liste d’invités soigneusement sélectionnée vous assure d’être dans la salle avec les décideurs et les leaders de l’industrie. »

AI Agent Day

Cette rencontre au sommet nécessite une inscription préalable. Car les places disponibles sont limitées à 300 participants, afin d’assurer la qualité des conversations et des connexions. Le tout organisé dans le cadre feutré et très central de la Galerie Artverse, implantée dans le 3e arrondissement de Paris. Une opportunité à ne pas rater, à laquelle nous espérons vous voir nombreux !

L’article NFT Paris : Ne manquez pas le AI Agent Day organisé le 15 février est apparu en premier sur Journal du Coin.

Crypto-adoption. Le domaine des NFT (tokens non fongibles) fait plus que jamais partie intégrante du secteur de Bitcoin (BTC) et des cryptomonnaies. Et l’évènement NFT Paris, consacré à ce domaine toujours aussi prometteur, nous revient cette année pour une nouvelle mouture. Pour cette édition 2025, qui se tiendra les 13 et 14 février, la grande nouveauté sera l’organisation de 4 évènements en 1 !

NFT Paris 2025 sera l’occasion de participer à 4 conférences

La 4e édition de l’évènement NFT PARIS se tiendra une nouvelle fois à la Grande Halle de la Villette, dans le 19e arrondissement de Paris. Cette année 2025, ce salon crypto se tiendra donc le jeudi 13 et le vendredi 14 février.

Cette grand-messe des tokens non fongibles, ou NFT, et du Web3 avait accueilli plus de 18 000 visiteurs et des centaines d’intervenants lors de son édition 2024. Et NFT Paris compte bien faire encore plus fort cette année, avec donc l’organisation d’un événement 4-en-1.

En effet, cette édition 2025 accueillera en même temps 4 conférences avec des thèmes consacrés :

NFT Paris, qui se concentrera donc comme chaque année sur la culture NFT et le Web3 ;

XYZ Paris, qui sera consacré à la convergence entre l‘intelligence artificielle générative (generative AI) et le Web3 ;

RWA Paris, qui se penchera plus spécifiquement sur la tokenisation des actifs du monde réel (ou RWA, pour Real World Assets) et la finance décentralisée (DeFi) ;

Ordinals Paris, qui portera donc sur le protocole Ordinals et ses inscriptions sur la blockchain de Bitcoin.

Plus de 400 intervenants et 20 000 visiteurs attendus cette année, avec une entrée dès 80€

Du côté des centaines d’intervenants attendus lors des 4 évènements ci-dessus, les visiteurs pourront retrouver des speakers et des stands de nombreuses entreprises de premier plan, à la fois issues du secteur crypto mais aussi de bien d’autres domaines.

Parmi les projets de blockchain, on retrouvera notamment Cardano (ADA), Chainlink (LINK) ou encore Avalanche (AVAX). Concernant les entreprises directement liées au marché des crypto-actifs, les crypto-bourses Coinbase et OKX seront présentes à NFT Paris.

Concernant le secteur des NFT, de très diverses intervenants intéressés par cette technologie participeront, comme LVMH pour le secteur du luxe, le club du Paris Saint-Germain pour le sport et le foot, ou encore Ubisoft pour le secteur du gaming/jeux vidéo.

Pour la conférence consacrée à l’IA générative, de grosses entreprises comme Google, Microsoft et Amazon seront, entre autres, présents.

Et en plus des 4 conférences principales mentionnées ci-dessus, de nombreux side-events seront organisés en marge de NFT Paris 2025. Ainsi, à côté de différents cocktails, se tiendront des tables rondes consacrées à des projets cryptos comme Solana (SOL) ou Polkatdot (DOT).

L’édition 2025 de NFT Paris et ses 4 événements en 1 ne manqueront pas d’intervenants prestigieux. – Source : nftparis.xyz

Même s’il ne faudra pas trop tarder, il est bien encore temps de réserver votre place (lien vers la billetterie en ligne) à ce grand évènement du Web3, qui se tiendra donc à Paris les 13 et 14 février prochains. Les tickets d’entrée commencent dès 80€ seulement, pour permettre au maximum d’intéressés (des simples curieux aux experts) de participer à NFT Paris 2025.

L’article NFT Paris revient les 13 et 14 février 2025 avec un événement crypto 4-en-1 à ne pas rater est apparu en premier sur Journal du Coin.

By Omkar Godbole (All times ET unless indicated otherwise)

The past 24 hours have been marked by bullish postings on social media, with notable figures voicing positive outlooks on the cryptocurrency market that have worked their way into prices.

Bitcoin has bounced to over $98,000 from $96,900, with President Donald Trump’s son Eric encouraging family-linked World Liberty Financial to invest in the largest cryptocurrency.

Cardano founder Charles Hoskinson was among those painting an optimistic picture. « To give you a sense of how big the upcoming bull market is for crypto, we just absorbed a downturn that was larger than the collapse of Luna or FTX and have already nearly recovered: 710 billion in losses and 740,000 traders liquidated in 24 hours. 2025 is Crypto’s year, » Hoskinson posted.

Cardano’s ADA token rose 4% and other major altcoins including XRP, SOL and ETH posted similar gains, CoinDesk data show.

As for ether, while the analyst community remains bearish, institutions seem to be buying it up. Data tracked by on-chain sleuth Lookonchain shows in the past two days a trading firm withdrew 62,381 coins from centralized exchanges, moving them to Coinbase Prime. Market maker Wintermute noted strong over-the-counter demand for ether early this week.

In other news, Conor Grogan, a director of Coinbase, speculated that crypto exchange Kraken may know Bitcoin creator Satoshi Nakamoto’s real identity. Nakamoto may own 1.096 million BTC, with a paper wealth exceeding Bill Gates, Grogan said. A bill has been introduced in the U.S. Senate to regulate stablecoins, which could boost demand for U.S. Treasuries and « spur financial innovation, » FxPro’s chief market analyst, Alex Kuptsikevich, said.

On the macro front, China-sensitive currencies like the Australian and New Zealand dollars are again weak against the U.S. dollar, but remain in recent ranges, indicating that markets do not expect a long, drawn-out U.S.-China trade war. Trump, however, is in no hurry to call President Xi Jinping and that could cap gains in risk assets for now.

The U.S. Treasury Secretary Scott Bessent has said that the Trump administration wants to lower the U.S. Treasury yield, which could bode well for risk assets. Even so, the 10-year rate may spike higher if Thursday’s weekly U.S. jobless claims and fourth-quarter Unit Labor Costs paint a positive picture of the economy. That could arrest BTC’s upswing. Stay alert!

What to Watch

Crypto:

Feb. 6: Berachain (BERA) mainnet launch, as well as initial creation and distribution of its native token. 15.75% of BERA tokens will be airdropped to community members, applications and liquidity providers.

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

Feb. 13: Start of Kraken’s gradual delisting of the USDT, PYUSD, EURT, TUSD, UST stablecoins for EEA clients. The process ends March. 31.

Feb. 18, 10:00 a.m.: FTX Digital Markets, the Bahamas-based subsidiary of FTX, will start reimbursing creditors.

Macro

Feb. 6, 7:00 a.m.: Bank of England (BoE) releases Monetary Policy Summary and Minutes of the Monetary Policy Committee Meeting as well as the February Monetary Policy Report. The press conference is live-streamed 30 minutes later.

Interest Rate Decision Est. 4.5% vs. Prev. 4.75%

Feb. 6, 8:30 a.m.: U.S. Department of Labor releases Unemployment Insurance Weekly Claims report for week ended Feb. 1.

Initial Jobless Claims Est. 213K vs. Prev. 207K

Nonfarm Productivity QoQ (Preliminary) Est.1.4% vs. Prev. 2.2%

Continuing Jobless Claims (January) Est. 1870K vs. Prev. 1858K

Jobless Claims 4-Week Average Prev. 212.5K.

Feb. 6, 2:00 p.m.: U.S. House Financial Services Committee hearing about “Operation Choke Point 2.0« : Two of the witnesses are Paul Grewal, Coinbase’s chief legal officer, and MARA Holdings CEO Fred Thiel. Livestream Link.

Feb. 6, 2:30 p.m.: Fed Governor Christopher J. Waller is giving a speech on Payments at the Atlantic Council in Washington. Livestream link.

Feb. 7, 8:30 a.m.: U.S. Bureau of Labor Statistics (BLS) releases January’s Employment Situation report.

Non Farm Payrolls Est. 170K vs. Prev. 256K

Unemployment Rate Est. 4.1% vs. Prev. 4.1%

Feb. 8, 8:30 p.m.: China’s National Bureau of Statistics (NBS) releases January’s Consumer Price Index (CPI) report.

Inflation Rate MoM Prev. 0%

Inflation Rate YoY Prev. 0.1%

PPI YoY Prev. -2.3%

Earnings

Feb. 6: CleanSpark (CLSK), post-market, $-0.06

Feb. 10: Canaan (CAN), pre-market, $-0.08

Feb. 11: HIVE Digital Technologies (HIVE), post-market, $-0.11

Feb. 11: Exodus Movement (EXOD), post-market, $0.14 (2 ests.)

Feb. 12: Hut 8 (HUT), pre-market, $0.04

Feb. 12: IREN (IREN), post-market, $-0.01

Feb. 12 (TBA): Metaplanet (TYO:3350)

Feb. 12: Reddit (RDDT), post-market, $0.25

Feb. 12: Robinhood Markets (HOOD), post-market, $0.41

Feb. 13: Coinbase Global (COIN), post-market, $1.61

Token Events

Governance votes & calls

OsmosisDAO is discussing a change to the use of taker fees collected in OSMO to burn 50% of collected fees.

Threshold DAO is discussing the creation of a bond program to address its stablecoin’s liquidity challenges.

Bonk DAO is voting on burning 2.025 trillion BONK “celebrating the end of the BONKDragon campaign and the 2025 Lunar New Year.”

Feb. 6: 11 a.m.: Livepeer (LPT) to host a Core Dev Call on Discord.

Feb. 6, 2 p.m.: Arbitrum to hold an open call about using AI to empower decentralized finance applications.

Feb. 6, 12 pm.: Moonwell to hold a governance call.

Feb. 6: Bittensor (TAO) to vote on launching a dynamic Tao, which introduces a more decentralized approach to governance.

Feb. 7, 1 p.m.: Sweat Economy (SWEAT) to hold a token holders briefing discussing tokenomics, product roadmap and partnerships.

Feb. 8, 1:08 p.m.: A dYdX Foundation vote on granting the dYdX Operations subDAO signer market authority over the market map and eliminate revenue sharing for that function is on track to pass.

Unlocks

Feb. 9: Movement (MOVE) to unlock 2.17% of circulating supply worth $31.41 million.

Feb. 10: Aptos (APT) to unlock 1.97% of circulating supply worth $68.99 million.

Token Launches

Feb. 6: Berachain (BERA) to be listed on Bybit, Bithumb, Bitget, BingX, MEXC, SwissBorg, Kraken, OKX, LBank, Gate.io, BitMart, Binance and KuCoin.

Conferences:

Day 2 of 2: 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: Consensus Hong Kong

Feb. 19: Sui Connect: Hong Kong

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

Feb. 25: HederaCon 2025 (Denver)

Token Talk

By Shaurya Malwa

The Floki DAO community voted with a 99.71% approval rate to invest $125,000 from its treasury into upcoming BNB Chain-based AI Agent Bad AI.

The investment will diversify Floki’s treasury and deepen its involvement in the blockchain and AI sectors.

Bad AI plans to use artificial intelligence and machine learning to develop a decentralized AI ecosystem for various uses, such as online bots and AI-based applications. Over 45% of its token supply is dedicated to Floki, including airdrops to FLOKI and TokenFi users.

Similar AI agents on other chains have valuations between $720 million and $2.8 billion.

Derivatives Positioning

BTC and ETH perpetual funding rates have flipped positive in a sign of renewed bias for bullish bets, according to Velo Data.

Funding rates for SUI, XLM, HBAR, TON, SHIB and ONDO remain negative.

XMR has recorded the highest positive open interest-adjusted cumulative volume delta among majors in the past 24 hours, indicating net buying activity.

Bullish sentiment has been in restored in the front-end BTC options on Deribit, but that’s not the case in ETH options.

Block flows featured BTC calendar spreads, outright longs in $130K December expiry call and a bull call spread, betting on a rally to $5K in ETH.

Market Movements:

BTC is up 1.7 % from 4 p.m. ET Wednesday to $98,0682.38 (24hrs: +0.76%)

ETH is up 4.15% at $2,812.62 (24hrs: +0.37%)

CoinDesk 20 is up 1.54% to 3,281.41 (24hrs: -0.60%)

CESR Composite Staking Rate is down 9 bps to 3.09%

BTC funding rate is at 0.0041% (4.52% annualized) on Binance

DXY is up 0.36% at 107.96

Gold is unchanged at $2,865.30/oz

Silver is down 0.97% to $31.99/oz

Nikkei 225 closed +0.61% at 39,066.53

Hang Seng closed +1.43% at 20,891.62

FTSE is up 1.18% at 8,724.97

Euro Stoxx 50 is up 0.70% at 5,307.80

DJIA closed +0.71% to 44,873.28

S&P 500 closed +0.39% at 6,061.48

Nasdaq closed +0.19% at 19,692.33

S&P/TSX Composite Index closed +1.15% at 25,569.84

S&P 40 Latin America closed -0.39% at 2,392.39

U.S. 10-year Treasury is down 4 bps at 4.42%

E-mini S&P 500 futures are unchanged at 6,090.25

E-mini Nasdaq-100 futures are unchanged at 21,749.00

E-mini Dow Jones Industrial Average Index futures are unchanged at 45,007.00

Bitcoin Stats:

BTC Dominance: 61.45 (0.15%)

Ethereum to bitcoin ratio: 0.02867 (-0.69%)

Hashrate (seven-day moving average): 808 EH/s

Hashprice (spot): $59.7

Total Fees: 5.12 BTC / $515,226

CME Futures Open Interest: 163,495 BTC

BTC priced in gold: 34.0 oz

BTC vs gold market cap: 9.65%

Technical Analysis

The BTC/JPY pair has penetrated the bullish trendline connecting higher lows registered in October and November.

The breakdown may embolden bears, although the pair remain locked in a sideways range.

Crypto Equities

MicroStrategy (MSTR): closed on Wednesday at $336.70 (-3.33%), up 1.10% at $340.40 in pre-market.

Coinbase Global (COIN): closed at $275.14 (-1.87%), up 1.89% at $280.34 in pre-market.

Galaxy Digital Holdings (GLXY): closed at C$27.66 (-0.04%)

MARA Holdings (MARA): closed at $17.03 (-3.51%), up 1.53% at $17.29 in pre-market.

Riot Platforms (RIOT): closed at $11.74 (-4.48%), up 1.36% at $11.90 in pre-market.

Core Scientific (CORZ): closed at $12.71 (+4.10%), up 1.18% at $12.86 in pre-market.

CleanSpark (CLSK): closed at $10.31 (-4.89%), up 2.33% at 10.65% in pre-market.

CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $22.46 (-0.49%), up 1.16% at $22.72 in pre-market.

Semler Scientific (SMLR): closed at $51.79 (+1.07%), up 2.24% at $52.95 in pre-market.

Exodus Movement (EXOD): closed at $51.36 (-9.53%), up 2.61% in pre-market.

ETF Flows

Spot BTC ETFs:

Daily net flow: $66.4 million

Cumulative net flows: $40.67 billion

Total BTC holdings ~ 1.176 million.

Spot ETH ETFs

Daily net flow: $18.1 million

Cumulative net flows: $3.17 billion

Total ETH holdings ~ 3.785 million.

Source: Farside Investors

Overnight Flows

Chart of the Day

The chart shows inflows into gold-backed tokens has surged alongside a rise in the spot price of gold.

The yellow metal rose to a record high of $2,882 Wednesday.

While You Were Sleeping

Trump’s Aim to Lower the 10-Year Yield Could Bode Well for Bitcoin (CoinDesk): U.S. Treasury Secretary Scott Bessent said the Trump administration aims to lower the 10-year Treasury yield by controlling inflation and reducing the budget deficit, which could help risk assets, including bitcoin.

Berachain’s BERA Trades at $8 Ahead of 79M Token Airdrop and Mainnet Launch (CoinDesk): Layer-1 blockchain Berachain’s mainnet starts up later today. Of the total 500 million BERA tokens to be created, nearly 80 million will be airdropped to eligible users.

Tiger21 Founder Michael Sonnenfeldt Says Ultra-Rich are Bullish on BTC (CoinDesk): Michael Sonnenfeld, founder of TIGER 21, a peer advisory group for ultra-high-net-worth investors, said BTC now serves as both a store of value and a substitute for gold.

Bitcoin Musings Draw Scrutiny Over Czech Central Bank Governor (Bloomberg): Czech central bank governor Aleš Michl’s proposal to invest up to 5% of reserves in bitcoin may face a months-long review and be reduced to under 1%, insiders report.

Trump’s Trade War Adds to ‘Clear Decoupling’ on Central Bank Rate Cuts (Financial Times): As the Fed holds interest rates steady amid inflation worries, Trump’s new tariffs intensify risks, prompting central banks in economies reliant on U.S. exports to cut rates to shield against slower growth.

Surging Dollar Spurs Jump in Corporate FX Hedging (Reuters): U.S. companies earning abroad are boosting hedging to safeguard repatriated profits as confidence grows that Trump’s tariffs will keep the dollar high, threatening to erode converted earnings.

In the Ether