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Copies of several meme coins have popped across the board in a trend that’s likely to die out within weeks.
The 90-day rolling correlation between bitcoin and Nasdaq, S&P 500 is now at the lowest level observed since July 2021, according to data tracked by crypto derivatives analytics firm Block Scholes.
Still, bitcoin miners’ inventory sales climbed to a record as they took advantage of the cryptocurrency’s strong performance, the report said.
A bullish flag looks to be forming and would be completed on a breakout above $31,900, analysts at Fairlead Strategies said.
The bitcoin cash-Korean won (BCH/KRW) pair listed on Upbit has registered a trading volume of $557.63 million in the past 24 hours. That's nearly 3.5 times
It would be unusual for bitcoin to stay bullish when fiat liquidity measures are pointing lower, one portfolio manager said.
Shares in Coinbase, chosen as the market for the surveillance-sharing agreements in ETF applications, rose above $80 at around 11:30 ET on Monday.
A large ether bull call spread crossed the tape Friday, according to Amberdata. The trade involved December call options with strike prices at $1,900 and $2,500.
PLUS: Japan is a regulatory success story when it comes to digital assets and Web3. But walking around the recent IVS Crypto Conference in Kyoto, one can’t help but feel that something is amiss.
The rise in real yields is more of a headache to blue chip stocks than to markets like technology or crypto and will not disrupt the medium-term growth story, one observer said.
- 00:20Overview of Important Overnight Developments on February 721:00-7:00 Keywords: DeepSeek, Interactive Brokers, Alexey Pertsev, Ondo Finance 1. DeepSeek: Has never issued any virtual currency; 2. Berachain Foundation: BERA NFT airdrop is now available for claiming; 3. Interactive Brokers: Considering listing Solana trading once regulations are clear; 4. Bloomberg Analyst: US SEC accepts Grayscale's 19b-4 application for Solana ETF; 5. Ondo Finance launches Ondo Chain, a Layer 1 blockchain for institutional finance; 6. Federal Reserve Governor Waller: The Fed will not operate a "Bitcoin Strategic Reserve" project; 7. Tornado Cash developer Alexey Pertsev temporarily released, Vitalik retweets in support; 8. Federal Reserve Governor Waller: Stablecoins are like synthetic dollars and will reinforce the dollar's status as a reserve currency.
- 00:18The U.S. SEC is considering a proposal to amend BlackRock's Bitcoin ETF to allow for physical redemptionsAccording to The Block, the U.S. Securities and Exchange Commission (SEC) is considering a proposal that would change BlackRock's spot Bitcoin ETF to allow for physical redemptions. In a document released on Thursday, the SEC acknowledged the proposal and requested comments within 21 days of its publication in the Federal Register. According to the document, the SEC can then decide whether to approve, reject or "initiate proceedings". Based on Form 19b-4 filings, Nasdaq last month submitted an amended rule filing on behalf of BlackRock that would allow iShares Bitcoin Trust to conduct physical redemptions and creations. Over a year ago when the SEC was considering whether or not to approve a spot Bitcoin ETF, companies were discussing technical details about how this product's redemption process would work. The SEC favored cash mode which required BlackRock to remove Bitcoins from storage immediately sell them off and return cash back to investors. The SEC later approved BlackRock's spot ETF proposal along with other proposals in January 2024. Bloomberg Intelligence ETF analyst James Seyffart stated in a post on platform X that changing redemption and creation processes does not mean individual investors will be able to trade physically; only authorized participants can do so.
- 00:14Solayer announces LAYER token economics: Maximum supply of 1 billion, with 51.23% allocated to the community and ecosystemPANews reported on February 7th that Solana's staking platform, Solayer, announced the tokenomics of its governance token LAYER. The maximum supply of LAYER tokens is 1 billion, with an initial circulation of 220 million. The distribution ratio is as follows: ①51.23% allocated to the community and ecosystem: Of which 34.23% is used for continuous research and development, developer programs, ecosystem development and other user activities; 14% for community events/incentives (12% reserved for Genesis Drop, including rewards for early adopters and other initial claim activities); 3% distributed through Emerald Card community sales. ②17.11% allocated to core contributors. ③16.66% has been sold to investors. ④15% allocated to the Solayer Foundation to support product expansion and network development. Regarding the LAYER Genesis Airdrop, the second LAYER allocation targets existing community members who have supported Solayer since it went live in 2024. Solayer reserves 12% of total supply for Solayer community members, integrated partners and liquidity providers as well as users who meet following qualifications: holders of sSOL or sUSD from Solayer; users who delegate their sSOLs to AVS partner; users depositing sSOL or sUSD into partnered DeFi protocols; users depositing whitelisted Liquidity Staked Tokens (LST) on Solayer; users depositing into Solayer via partner promotions or wallet activities; participants in LRT protocol or other claiming plans. In addition, according to a statement by Solyer itself , its main focus lies on infinitely expanding SVM (Solana Virtual Machine). In year 2025,Solayerr will introduce a concept that offloads blockchain hardware onto programmable hardware chips achieving infinite scalability - launching a network with millions-level TPS called InfiniSVM.