🗞 February 2, 2025 cryptocurrency news highlights

【Cryptocurrency】
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 📈

【Economy】
U.S. Treasury Secretary: Cryptocurrency Economy Will Persist

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

【More】
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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Bitcoin analysts warn of $95K ‘bear trap’ despite record $102K monthly close

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6% of all the money flowing into American ETFs is now Bitcoin.👌

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Ethereum Temporarily Falls Below $2,800‼️

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Bitcoin fell below $96,000 with a 24-hour decrease of 5.2%.📉

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BTC has dropped below 92,000 USDT, with the current price at 91,389.40 USDT, showing a 24-hour decrease of 9.59%.💰🔽

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In the past 24 hours, over $2bn was liquidated, including $1.8bn in long positions, as Bitcoin fell from $101,000 to below $92,000.

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DWF Labs Partner: Prepare to Buy Gradually, Watch How US Stocks Respond, Current Risk is High

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Cryptocurrency Concept Stocks Experience Broad Pre-market Decline, Coinbase Falls Over 7%

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Binance co-founder He Yi revealed that Binance has conducted over 120 investigations leading to the termination of more than 60 employees and the recovery of over $30m in illicit gains.

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MicroStrategy to raise $563 Million for Bitcoin purchases via its preferred stock offering 🔥

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🗞 February 3, 2025 cryptocurrency news highlights

【Cryptocurrency】
Cryptocurrency Concept Stocks Experience Broad Pre-market Decline, Coinbase Falls Over 7%

【Economy】
MicroStrategy to raise $563 Million for Bitcoin purchases via its preferred stock offering 🔥

【Indicators】
BTC has dropped below 92,000 USDT, with the current price at 91,389.40 USDT, showing a 24-hour decrease of 9.59%.💰🔽

【More】
Binance co-founder He Yi revealed that Binance has conducted over 120 investigations leading to the termination of more than 60 employees and the recovery of over $30m in illicit gains.

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Michael Saylor announced that MicroStrategy, holding 471,107 BTC worth over $30 billion, paused its stock sales for Bitcoin purchases. This breaks a 12-week streak of acquisitions, reinforcing its position as a top Bitcoin holder since 2020. ✋🪙

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U.S. President Donald Trump has signed an executive order to establish a federal sovereign wealth fund, announced during a Monday press briefing ✍️

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Trump Memecoin Ignites Crypto Frenzy, Searches for 'Buy Crypto' Surge 376% 📈

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Bitcoin rebounded this morning, breaking through $102,000 and then falling back, now priced at $101,577; Ethereum rebounded, breaking through $2,900 and then falling back, now priced at $2,873.📈🔼

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AI Sector Tokens Continue to Rebound, SAI Surges Over 200% in 24 Hours📈

SNAI rebounded by 225.7% in the past 24 hours, with a current market value of $38.82 million;
GRIFFAIN rebounded by 106% in the past 24 hours, with a current market value of $242 million;
BUZZ rebounded by 79.8% in the past 24 hours, with a current market value of $57.61 million;
GRIFT rebounded by 73.7% in the past 24 hours, with a current market value of $53.29 million;
AVA rebounded by 32.8% in the past 24 hours, with a current market value of $54.99 million.

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Bitcoin Falls Below $100,000, Ethereum Drops Below $2,800

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The top 10 cryptocurrencies saw some recovery in the past 24 hours following the tariff policy delay, with XRP leading at over 15%.

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El Salvador added another 11 BTC to its holdings, marking its fifth bulk purchase of this size since December 20. The country's total Bitcoin holdings now stand at 6,067 BTC, worth around $613m.

Since its last bulk purchase on January 20, the country skipped its daily BTC purchases on January 25-27 and did not buy any on January 30.
The purchase follows a law removing Bitcoin's legal tender status, aligning with the $1.4bn IMF deal and making it a competing industry.

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