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π February 3, 2025 cryptocurrency news highlights
γCryptocurrencyγ
Cryptocurrency Concept Stocks Experience Broad Pre-market Decline, Coinbase Falls Over 7%
γEconomyγ
MicroStrategy to raise $563 Million for Bitcoin purchases via its preferred stock offering π₯
γIndicatorsγ
BTC has dropped below 92,000 USDT, with the current price at 91,389.40 USDT, showing a 24-hour decrease of 9.59%.π°π½
γMoreγ
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.
π± @Money π± Twitter
γCryptocurrencyγ
Cryptocurrency Concept Stocks Experience Broad Pre-market Decline, Coinbase Falls Over 7%
γEconomyγ
MicroStrategy to raise $563 Million for Bitcoin purchases via its preferred stock offering π₯
γIndicatorsγ
BTC has dropped below 92,000 USDT, with the current price at 91,389.40 USDT, showing a 24-hour decrease of 9.59%.π°π½
γMoreγ
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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π14β€9
AI Sector Tokens Continue to Rebound, SAI Surges Over 200% in 24 Hoursπ
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.
π± @Money π± Twitter
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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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.
π± @Money π± Twitter
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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Economist: If Trump Imposes Tariffs on the EU, the UK Will Not Be Able to Remain Neutral
Pan Shihong, a macroeconomist at Pansen Macro, stated that even though the UK has avoided direct tariffs from the US, it may still have to choose sides between the US and Europe in a trade conflict. The UK is highly exposed to global trade disruptions, with its total trade volume accounting for 64% of GDP. Considering that other countries may respond with fiscal stimulus, the UK may need to take President Trump's other threats more seriously, including tax cuts and inflation-driving measures to expel immigrants. Trump's actions are expected to be hawkish for UK policy.
π± @Money π± Twitter
Pan Shihong, a macroeconomist at Pansen Macro, stated that even though the UK has avoided direct tariffs from the US, it may still have to choose sides between the US and Europe in a trade conflict. The UK is highly exposed to global trade disruptions, with its total trade volume accounting for 64% of GDP. Considering that other countries may respond with fiscal stimulus, the UK may need to take President Trump's other threats more seriously, including tax cuts and inflation-driving measures to expel immigrants. Trump's actions are expected to be hawkish for UK policy.
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