🗞 January 31, 2025 cryptocurrency news highlights

【Cryptocurrency】
Pump. fun is facing a proposed class action lawsuit alleging it violated U.S. securities law while earning $500m in fees.

【Economy】
Norway's sovereign wealth fund, managed by NBIM, gained significant exposure to Bitcoin through investments in crypto-friendly companies. By the end of 2024, its indirect Bitcoin holdings grew to 3,821 BTC, valued at $356 million, marking a 153% increase📣

【Indicators】
In Q4, 2024, U.S. dollar stablecoins reached $192bn, officially surpassing 1% of the total U.S. money supply.

【More】
U.S. President Donald Trump is imposing a 25% tariff on Mexico and Canada starting February 1, 2025, in an effort to curb illegal migration and illicit substance shipments into the U.S.

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Grayscale has launched a new trust offering exposure to Dogecoin (DOGE). The company's head of product and research, Rayhaneh Sharif-Askary, highlighted Dogecoin's low transaction costs and fast transfer speeds, making it ideal for international remittances, especially in areas with limited banking infrastructure 🐶

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The positive momentum on bitcoin ETFs continued with another day of net inflows worth $588 million, while ether ETFs bounced back with a net inflow of $67.77 million

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Last year Bitcoin went up 43.5% in February 👀

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Circle has minted 2.5 billion USDC on the Solana network, bringing the total supply to 60 billion USDC issued so far this year.🪙

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Yesterday's net inflow into the US Spot Bitcoin ETF was approximately $3.183 billion & US Ethereum Spot ETF saw a net inflow of approximately $27.77 million🕯

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The Texas Stock Exchange in the United States has raised $161 million from Blackard, Jump Trading and other institutions 💸

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A clever money spent $8,208 to copy the bottom of STONKS, and made a profit of $308,000 in clearing shipments when it exploded an hour ago 🪙

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15 states in the United States are promoting strategic reserves of Bitcoin, and Arizona and Utah are temporarily in the lead 🇺🇸

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74% of the new shares of Trump's encryption project WLFI have been sold 💰

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🇸🇻 El Salvador buys 5 Bitcoin in the last 24 hours for its Strategic Reserves

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Musk It (MUSKIT), a meme coin tied to Elon Musk’s name, has surged over 2,200% after Errol Musk announced his plans to raise $200 million for the Musk Institute, sparking speculation around the token 📈

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MicroStrategy raises $563M by selling preferred stock to buy more Bitcoin. The deal exceeded its $250M target and offers investors an 8% fixed coupon, boosting Saylor’s crypto buying plan. ⬆️

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The Trump Coin project WLFI once again spent 10 million USDC to buy 200 million WLFI coins💣

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Bitcoin rebounded and broke through $101,000, with a 24-hour decrease narrowed to 1.25%.💰

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Bitcoin Falls Below $100,000, 24-hour Loss 2.55% & Ethereum Falls Below $3,100, 24-hour Loss of 6%💰🔹

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The Musk Administration's Efficiency Department has been granted access to the U.S. Treasury Department's payment system.

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Mars Protocol Alpha Test Recruitment for 10 Slots, MEET48 Facilitates the Creation of Next-Generation Celebrity IP and Meme

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U.S. Treasury Secretary: Cryptocurrency Economy Will Persist

US Treasury Secretary Scott Bessent said in an interview with FOX Business: "The spirit of cryptocurrency is about freedom, and the cryptocurrency economy will continue to exist."

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Mainstream trading platforms have switched to negative funding rates, with Binance's BTC funding rate dropping to -0.0007%.

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