# **Microsoft Releases Quantum Computing Chip, Crypto Under Threat Again?**
Microsoft officially introduced its first quantum computing chip, Majorana 1, on Wednesday (19/02), after nearly two decades of research. This chip was developed with a combination of semiconductors and superconductors.
Microsoft CEO Satya Nadella said this innovation could accelerate the development of quantum computers from what was originally estimated to take decades to just a few years.
Meanwhile, Microsoft Executive Vice President Jason Zander revealed that quantum theory, which was first introduced in 1937, can now finally be used in the real world.
However, this progress has also raised concerns among crypto activists. The reason is, many people speculate that Bitcoin and other crypto assets can be hacked with quantum computers.
On the other hand, Bitcoin Researcher Ethan Heilman also said that the biggest challenge for crypto assets today is how to maintain security in the long term along with technological developments.
# **Indonesian Restaurant in the Netherlands Accepts Bitcoin Payment**
Lestari, an Indonesian restaurant in the Netherlands, has started accepting Bitcoin as a payment method. Supported by BitKassa Netherlands, customers can order Indonesian cuisine using Phoenix, Zeus, Blink, Wallet of Satoshi, or other lightning wallets.
The restaurant owned by Monica Sriwati and Johanes Daely is located in Arnhem, which is known as the Bitcoin city in the Netherlands. The food served has an average price of 30 euros or Rp. 501 thousand. Seen in a video circulating on social media, the two restaurant owners are attaching a Bitcoin sticker as payment on their door.
Not only that, Bitcoinstad, a provider of information on restaurants with Bitcoin payments in Arnhem, also held a meeting of fans of the digital asset at Lestari on September 5. This was done along with the many restaurants in the city that accept Bitcoin payments. $BTC
# **US President Asks D.O.G.E to Cut Federal Employees on a Large Scale**
US President Donald Trump has signed an executive order tasking the Head of the Department of Government Efficiency (D.O.G.E) Elon Musk to cut the size and spending of the federal government on a fairly large scale, Wednesday (11/02).
Trump also asked agencies in the US to work with Musk's team to screen government employees who should be laid off, or agencies that could be eliminated.
The executive order exempts employees whose work is important for national security, public safety, law enforcement, and immigration enforcement from layoffs in the US.
At the same time, Musk responded to accusations from several parties that his D.O.G.E is trying to damage the government by reducing federal spending.
"Cutting federal spending is not our choice, but it is an obligation because the results are very important for the US. Especially to survive," Musk said in response to questions from the media crew.
In addition, Musk and Trump said they could make faster savings of US$1 trillion because they identified waste in the previous administration.
** IHSG Drops to Lowest Level, Rupiah Becomes Worst Performer in Asia**
Reported by Bloomberg Market Data, Wednesday (12/01), the Rupiah became one of the currencies with the worst performance in Asia after falling 1.7% to Rp16,363 per US dollar. Not only that, the Composite Stock Price Index (IHSG) also fell more than 7% since the beginning of this year.
If we look further, the performance of the stock index even fell 17% from its highest point and is at its lowest level in the last three years.
Investors are worried that this situation will trigger inflation and limit the central bank's ability to cut borrowing costs. Therefore, foreign investors have been selling every day this month.
Global trade tensions, a weakening local economy, and concerns over government spending on social programs are the reasons investors are withdrawing their money one by one.
Unfortunately, several Indonesian stocks were also sold by foreigners after Morgan Stanley Capital International (MSCI) announced that it was not considering adding these stocks to one of its indexes.
Now, the banking sector is under pressure due to declining corporate income. The Indonesian government itself is now cutting spending even though this could limit public sector services and halt some infrastructure projects.
# **Global Tech Giants Spend Tens of Billions of Dollars on AI**
The Wall Street Journal reported that global technology companies invested tens of billions of dollars in the artificial intelligence (AI) sector last year. This can be seen in the increasing annual capital expenditure.
In detail, Amazon revealed that its capital expenditure increased to US$26 billion in the last quarter of 2024. This was driven by spending on their cloud computing product, AWS.
Amazon CEO Andy Jassy said AI has the potential to change the history of technology and his company wants to be a leader in this evolution.
Alphabet does not want to be left behind, Google's parent company is accelerating its AI data center investment plan, the impact of a surge in capital expenditure of around US$75 billion from the previous US$52.5 billion in 2024. Later, this capital will be allocated for cloud computing infrastructure.
Meanwhile, Microsoft plans to spend US$80 billion on AI infrastructure and its spending will continue to increase until next year. Last year, the company's capital expenditure reached US$55.6 billion.
Finally, Meta also plans to spend $60 billion to $65 billion on capital expenditures this year, part of which will be used to build a data center in Louisiana, after revenues rose to $48.4 billion in the final quarter of 2024.
# **XRP Said to be Possible Placement in US Strategic Reserve**
US attorney Jeremy Hogan recently raised the possibility of XRP being included in the US strategic digital financial asset reserve.
Hogan highlighted a different perspective from the general discussion in the cryptocurrency community, focusing on how the federal government might assess digital assets in a broader economic and geopolitical context.
Not only that, Hogan also noted that much of the discussion about XRP in the crypto space focuses more on technical and governance factors, such as decentralization and validator selection. He argued that these aspects, while important, may not be the US government's primary concern when deciding whether to hold an asset in the reserve.
The strategic reserve consists of assets that are considered essential to maintaining national stability and security. Historically, these reserves have included commodities such as gold and oil, which serve as economic hedges in times of crisis.
Hogan suggested that if the US government decides to hold XRP, the decision would likely be based on its strategic value rather than its technical attributes as a blockchain-based asset.
# **Crypto Market Liquidation Reaches US$535 Million Due to Bitcoin Price Drop**
The crypto market recorded a liquidation of US$535 million or around Rp8.7 trillion in the last 24 hours. This happened when Bitcoin (BTC) fell 2.16% to reach a price of US$100,000.
In detail, this liquidation was experienced by 246,835 traders. For those holding long positions, the total liquidation was US$476.78 million. Meanwhile, those in short positions only experienced liquidation of US$58.24 million.
Meanwhile, crypto 'others' aka others became the most liquidated assets with a value of US$110 million. Followed by the Ethereum crypto asset which experienced liquidation of US$98.40 million, and Bitcoin (BTC) US$91.54 million.
On the other hand, the exchange that contributed the most to liquidation was Binance with US$45.61 million. Next, Bybit with a value of US$24.45 million, then OKX with a value of US$20.86 million.
This coincided with the official announcement of US President Donald Trump imposing significant new taxes (tariffs) on Mexico, Canada, and China.
# **Wall Street Jumps Into Crypto Amid Regulatory Ease**
Wall Street banks are showing keen interest in crypto as regulations ease. The Trump administration’s accommodative stance on digital assets has sparked a new wave of bank involvement.
The SEC has lifted accounting rules that burdened banks with stringent capital requirements for crypto holdings, paving the way for wider adoption.
Interestingly, Bank of America and Morgan Stanley have expressed readiness to adopt crypto, especially as a payment method, pending regulatory clarity.
Some banks have taken concrete steps, such as JPMorgan with JPM Coin, which facilitates $1 billion in daily transactions, and Goldman Sachs, which has set up a crypto trading desk.
The rise of decentralized finance (DeFi) is also pushing banks to innovate and offer alternative financial services. They are competing with big firms in crypto to meet growing customer demand.
# **Sam Altman Rejects Elon Musk's Offer to Sell OpenAI for US$97.4 Billion**
The world's richest entrepreneur and CEO of X Elon Musk has made an offer to buy OpenAI for US$97.4 billion. However, OpenAI CEO Sam Altman has strongly rejected the offer.
As is known, Elon Musk and Sam Altman founded OpenAI in 2015 and made the company a charity. However, not long after that, Musk decided to leave OpenAI.
Musk's offer to buy OpenAI was made after he saw that the artificial intelligence company would now shift from a non-profit entity to a profit-seeking entity. Musk accused Altman of making OpenAI solely for profit, no longer a charity.
"It's time for OpenAI to return to being the security-focused open-source force it once was," Musk said in a press release.
However, Altman rejected the offer and asked Musk not to disrupt OpenAI's corporate structure. Altman even said Musk would not buy OpenAI, but he would buy X instead.
“No thanks, but we’ll buy Twitter for $9.74 billion if you want,” Altman replied.
Additionally, OpenAI was last valued at $157 billion in its last funding round in October, making it one of the most valuable private companies in the world.
# **Memecoin Market Capitalization Drops US$47 Billion After TRUMP Plunge**
Memecoin, a cryptocurrency inspired by funny animations or important figures, has reached a total market capitalization of US$117 billion in January 2025. However, the Memecoin market capitalization has now decreased by 40%.
According to CoinMarketCap data, the total market capitalization of Memecoin is now US$70 billion, down US$47 billion in three weeks.
In addition, the largest decline in market capitalization for Memecoin was caused by the emergence of the TRUMP token which had reached US$75 billion, then dropped significantly to currently be at the level of US$3 billion.
Not only that, the largest Memecoin DOGE has fallen 25% in the past week. Added to this, Memecoins such as PEPE fell 35%, WIF fell 42%, and FARTCOIN fell 55% in the same period.
Then the report of the decline was exacerbated by the token of Donald Trump's wife, Melania (MELANIA) which reached a valuation of US$13 billion and fell to US$715 million.
While there was no fixed trigger, the overall price drop was caused by a massive liquidity rotation as traders sold their assets to buy the TRUMP memecoin at launch, but then suffered major losses when the token plunged for several weeks after the inauguration.
# **Ethereum-Solana Rebound Dozens of Percent After Market Turns Red**
Ethereum (ETH) and Solana (SOL) experienced significant recoveries on Monday night after United States President Donald Trump decided to extend the suspension of trade taxes on Canada.
This move follows a similar agreement with Mexico that has succeeded in easing concerns about a trade war in the North American region.
ETH, as the world's second-largest cryptocurrency, managed to rise again 13.15% to a level of US$2,881 after previously falling to US$2,135 per token during the Asian trading session. It is known, this decline is the largest in a single day since May 2021.
Meanwhile, SOL showed better resilience with a 13.5% increase, rising from a low of US$190 to US$216 per token.
On the other hand, Crypto Analyst at Presto Research Min Jung stated that leading crypto assets such as SOL and XRP were the leaders in the market recovery this time. Jung also explained that the suspension of tariffs on Canada and Mexico gave SOL an additional boost.
Moreover, Ethereum's rise came after Eric Trump's post on the X platform that touched on the cryptocurrency.
"I think this is a good time to increase ETH," he wrote.
# **Ondo Finance Launches New Blockchain for Tokenization**
Ondo Finance (ONDO) has officially launched Ondo Chain, a layer-1 blockchain designed for financial institutions to tokenize real-world assets (RWA). The announcement was made on February 6 at Ondo Finance’s first summit in New York.
According to World Liberty Financial Founder Chase Herro, the platform will form a “strategic reserve” with their tokens, including ONDO.
In its development, Ondo Chain will receive guidance from partners such as BlackRock, PayPal, and Morgan Stanley, as well as new members such as Franklin Templeton, WisdomTree, Google Cloud, ABN Amro, Aon, and McKinsey.
In the future, Ondo Chain will offer a variety of services for institutions, ranging from prime brokerage with a cross-margin system for RWA, to staking and wealth management based on tokenized assets.
Validators on Ondo Chain will be able to stake RWA to secure the network, but will remain in a permissioned model to prevent front-running and MEV practices.
"This step strengthens investor protection and ensures the best transaction execution for institutions," Ondo's representative said.
# **D.O.G.E Given Access to Major Payment Systems by the US Treasury Department**
The US Treasury, the United States Department of the Treasury, announced that they have given access to their major payment systems to the Department of Government Efficiency (D.O.G.E).
US Treasury Secretary Scott Bessent approved the government's move to involve D.O.G.E in managing a number of budgets to payment systems in the US.
Later, Elon Musk's team at D.O.G.E will manage core or most important payments such as social security, medicare or health, funds allocated to federal contracts, and taxes.
Therefore, with permission to the payment system, Musk's team is able to influence the disbursement of funds that will be approved by Congress.
US Senator Ron Wyden also said that this could raise suspicion and corruption in it, especially since the US Treasury payment system handles more than US$6 million every day on behalf of various federal agencies, such as the personal data of millions of US citizens.
However, with access to sensitive information, D.O.G.E. must prioritize security protocols to be more stringent and able to protect personal data.
# **AI Crypto Coin Market Capitalization Drops 27% Due to Bitcoin Correction**
The *artificial intelligence* (AI) crypto token experienced a market capitalization decrease of up to 27% or to US$24.5 billion in the last 24 hours. This happened because the price of Bitcoin (BTC) fell drastically to US$94 thousand in the same time frame.
It is known that the top five AI coins experienced a significant decline, including NEAR Protocol (NEAR) down 27.6%, Internet Computer (ICP) down 27.1%, Bittensor (TAO) 29.3%, Render (RENDER) 30.1%, and Artificial Superintelligence Alliance (FET) down 28.9%.
Meanwhile, Virtuals Protocol (VIRTUAL) became trending because it fell drastically by 50% from a price point of US$2.35 to US$1.23 on Friday (31/01).
Thus, the AI crypto token has dropped by almost 30% in the last 24 hours. In addition, Bitcoin also experienced a correction of up to 6.7% in the same time and the presence of DeepSeek AI, an AI chat platform, worsened the situation of the AI crypto token.
# **Jika Dibandingkan Bitcoin, Nilai S&P 500 Terus Turun Setiap Tahunnya**
Bitcoin dan S&P 500 acap kali menunjukkan hubungan yang dinamis, terlebih di tengah ketidakpastian ekonomi global. Menurut data Inflation Chart, Selasa (11/02), pada 2010 lalu saat Bitcoin masih seharga US$0,10, nilai S&P 500 jauh lebih tinggi 11.500 kali lipat dengan harga US$1.100.
Namun, berselang setahun kemudian, harga Bitcoin melonjak hingga US$16. Artinya, Bitcoin melesat dan mengejar indeks tersebut, di mana 82 BTC saat itu setara dengan S&P 500 yang berharga US$1.300. Bahkan, tahun 2013, saat S&P 500 melonjak ke US$1.700, hanya setara dengan 12 BTC.
Tren peningkatan yang signifikan terhadap Bitcoin ini mampu mengkerdilkan nilai indeks yang terdiri dari saham 500 perusahaan dengan modal terbesar di Amerika Serikat tersebut.
Kala pandemi COVID-19, nilai indeks tersebut sudah jauh di bawah Bitcoin, sebab S&P 500 saat itu berharga US$4.200, sementara Bitcoin US$57.700.
Sebelumnya, diketahui titik persamaan nilai keduanya terjadi di tahun 2017, di mana saat itu harga S&P 500 dan Bitcoin sama-sama berada di kisaran US$2.500. Namun kini, terdapat gap yang lebih jauh di antara keduanya.
Terlebih, dalam 24 jam terakhir, S&P 500 futures turun 0,2% menjadi US$6.069, sementara harga Bitcoin naik 0,7% menjadi US$BTC
Cryptoharian – Bitcoin (BTC) experienced a sharp decline to below US$ 95,000 on February 9, after reports emerged that China would impose tariffs on energy imports from the United States, including crude oil and liquefied natural gas.
However, the cryptocurrency strengthened again to US$ 97,000 on February 10 after US President Donald Trump responded by imposing a 25 percent tariff on steel and aluminum imports.
Although the price of Bitcoin has recovered, the interest of institutional or large investors has not shown a significant increase. Reporting from cointelegraph.com, several key indicators such as the flow of funds to Bitcoin ETFs and derivatives market data, show that purchases from large investors are still limited.
One of the key indicators, namely the 25 percent delta skew which measures the comparison between put and call options, is currently at 2 percent. From this data, it can be seen that market conditions are neutral, but weaker than -5 percent on February 1, when market optimism was higher.
In addition, demand for leveraged Bitcoin futures contracts is at its lowest point in four months. The annualized premium of Bitcoin futures has also fallen to 8 percent, much lower than 11 percent in early February and still below the bullish threshold of 10 percent.
Also Read: Cardano Crashes, Drops 47 Percent Since December 2024
The main cause of the weakening interest of investors in Bitcoin does not seem to be due to internal crypto factors, but rather to uncertain global economic conditions.
For example, although an American company called Strategy bought a large amount of Bitcoin, with a total investment of US$ 742.3 million between February 3 and 9, the flow of funds to Bitcoin ETFs in America only reached US$ 204 million in the same period.
In addition, investors are increasingly cautious in taking risks. The yield on US government bonds fell from 4.78 percent a month ago to 4.5 percent.This means more investors are turning to assets that are considered safer.
A lone Bitcoin (BTC) miner has broken the record by mining a block and bagging 3,125 BTC without the help of large corporate resources. The anonymous miner processed Bitcoin block 883,181 containing 3,071 transactions.
The total win for the miner was 3,158 BTC or $310,000 at an average price of $98,300 per coin. Although it is not known how the miner managed to mine the block.
Meanwhile, Bitcoin mining is getting harder and requires more energy as time goes on. Most blocks are mined by large industrial operations run by corporations.
The chances of a lone miner succeeding are very small, similar to winning the lottery. This is becoming increasingly rare as Bitcoin mining is dominated by large mining pools.
# **Robert Kiyosaki Believes Bitcoin is Safer Than Dollar**
Robert Kiyosaki, author of the famous book Rich Dad Poor Dad, recommends investing in Bitcoin and gold, because he believes that both assets are much safer when compared to fiat currencies, in this case the US dollar.
According to him, a major stock market crash is imminent. He has predicted that billions of people will move from stocks to Bitcoin.
"Why am I buying more gold and Bitcoin? The answer is that owning gold and Bitcoin is smarter and safer than saving dollars," Kiyosaki said in his personal X.
Kiyosaki has long criticized fiat currencies, because excessive money printing can devalue the dollar. Therefore, he views Bitcoin as the best choice for investment, and calls the dollar "*bad money*".
Previously, he predicted that Bitcoin would reach US$250,000 this year. This is because institutional adoption continues to increase, especially with the emergence of Bitcoin spot ETFs, and the influence of pro-crypto policies that will be issued by US President Donald Trump.