🟢 The S&P closed at a new all-time high for the second day in a row — 6,144.
🟢 Gold posts fifth straight weekly gain, its longest streak since 2020.
🟢 Donald Trump said at a conference in Miami on Wednesday: “We want to stay on the cutting edge of everything, and one of them is cryptocurrency; Bitcoin has made several record highs because everybody knows that I am committed to making America the capital of cryptocurrency and ending Joe Biden’s war on Bitcoin and cryptocurrency.”
🟢 The SEC voluntarily withdrew its appeal regarding a decision that prohibited the SEC from extending securities laws to users and DeFi projects. This may mean that the SEC will no longer attempt to regulate DeFi through securities laws.
🟢 CanaryFunds is launching AXL Trust for institutional investors.
🟢 The Short-Term Flow Fair Value metric assesses the balance between new bitcoins and their absorption by the market: although it is declining from February's peak, its high level indicates strong BTC absorption by the market, despite the increase in supply from exchanges and miners.
🟢 The research director of Aptos accused Monad of plagiarizing open-source code, but Monad's co-founder denies it, stating that their BlockSTM is simply an extension of existing technologies and they did not use Aptos code; meanwhile, Monad successfully raised $225 million at a $3 billion valuation led by Paradigm in 2024.
🟢 Following the update on February 12, annual inflation for Solana rose by 30.5%, as priority fees now go to network validators instead of burning SOL (burning decreased from 18,000 to 1,000 SOL per day) according to proposal SIMD 96.
🟢 The Blockchain Association gathered 75 participants from the cryptocurrency industry to sign a letter urging the U.S. Congress to repeal the IRS rule regarding information provision about DeFi brokers. Participants included Coinbase, a16z, Paradigm, Kraken, Uniswap, Anchorage Digital, and others.
🟢 The SEC has registered Canary Capital's application for a spot ETF for XRP. Previously, applications from 21Shares, Bitwise, Grayscale, Wisdom Tree, and CoinShares were accepted.
🟢 The SEC is considering a proposal from 21Shares to allow staking in the ETH spot ETF.
🟢 Trump's World Liberty Finance withdrew 10M USDC from Coinbase to purchase 200M WLFI and spent 125k USDC on the purchase of 547,990 SEI.
🟢 A public testnet for Monad has been launched with airdrops of test MON to active EVM wallets.
🟢XRP shows growth against the overall market trend (+6% for the day, +9% for the week), having risen 297% against BTC since November 11, 2024, and the number of large wallets (over 100K XRP) has increased by 261 over the last 10 weeks, indicating confidence from major investors.
🟢 The Federal Reserve discussed the possibility of slowing down balance sheet reduction at the January meeting due to issues with the debt ceiling. Despite economic growth and low unemployment, inflation remains above target, particularly due to potential changes in trade and immigration policy.
🟢 Mark Cuban has paused plans to launch a meme coin.
🟢CoinDesk has launched an index for institutional investors of the top 50 meme coins.
🟢 Nick Carter believes the era of fair trading of meme coins is over due to the dominance of insiders and bots, and expects regulatory measures against insider trading, although the industry will not disappear and some tokens may still 'take off'. In his opinion, the market is moving towards more sustainable and fair token issuance models.
🟢 CEO of CryptoQuant: Demand for #Bitcoin ETF has slowed but remains net positive. This bullish cycle will continue until there is a significant outflow from ETFs. A prolonged net negative demand will signal the beginning of a bearish cycle. Supply and demand — that’s what matters, everything else is just noise.
🟢 10 stablecoin issuers have been approved under the EU MiCA — Tether is excluded.
🟢 $FLD debuted on Nasdaq — the first public bitcoin financial company.