Scott Melker, host of The Wolf Of All Streets Podcast, shared insights from Paolo Ardoino and Bo Hines about the battle for Bitcoin and stablecoins. Here's what's happening: $BTC
- *Stablecoins are gaining traction*: Paolo Ardoino believes stablecoins will become a backbone for a new monetary order, especially in emerging markets where they serve as a store of value and payment method. - *Regulatory landscape*: The GENIUS Act is shaping the future of stablecoins, with Ardoino suggesting yield-bearing stablecoins should be classified as securities. - *Use cases expanding*: Stablecoins are being used for commodity transactions, with Tether facilitating oil trades and introducing gold-backed stablecoin Alloy (AUSDT).
The discussion highlights the growing importance of stablecoins in the crypto ecosystem, with potential implications for traditional finance. #BTC
The EUR/USD pair is looking bullish today, with a current price of 1.19. Analysts predict it might hit 1.1928, a minor resistance level. If it breaks through, we could see further gains. $EUR
*Key Levels to Watch:*
- _Support_: 1.185 - _Resistance_: 1.192
The Eurozone's positive economic data is supporting the Euro, while US economic releases will be key to watch. If the pair holds above 1.185, it could yield significant gains.
Would you like more insights on EUR/USD or specific trading strategies? #USNFPBlowout
$SOL A big transfer of SOL tokens just happened! 😮 An anonymous wallet moved 41,845 SOL (worth around $6.1 million) to Fireblocks Custody, a secure crypto storage platform. This shows there's still a lot of activity in the crypto market.
*What's happening?*
- *Big SOL transfer*: 41,845 SOL moved from an anonymous wallet to Fireblocks Custody - *Why?*: Maybe for safekeeping or institutional involvement - *What's next?*: This move highlights the ongoing activity in the crypto space
Fireblocks is a trusted platform for institutions to manage crypto assets securely. This transfer might indicate institutional interest in SOL. #CZAMAonBinanceSquare
The Royal Government of Bhutan has transferred 100 Bitcoin, worth around $6.77 million, to QCP Capital, a Singapore-based digital assets trading firm. This move is part of Bhutan's strategy to manage its cryptocurrency holdings, likely for portfolio rebalancing, hedging, or yield generation. $BTC *Key Points:*
- *Transaction Details*: The transfer was flagged by Onchain Lens, which tracks large and entity-linked wallet movements. - *Bhutan's Crypto Strategy*: The country has been mining Bitcoin using its abundant hydroelectric power and is now leveraging its crypto assets for financial operations. - *Global Context*: This move validates Bitcoin's role in institutional portfolios and demonstrates how nations can utilize digital assets for economic resilience. #BTC
Thailand's just taken a big step towards integrating crypto into its financial system! 🌟 The country's Cabinet has approved changes to allow digital assets like Bitcoin to be used as underlying instruments for regulated derivatives. This means crypto can now be used to back derivatives products, making it a recognized investment asset class in Thailand. $ETH
*What does this mean?*
- *More investment options*: Investors can now diversify their portfolios and manage risk more effectively. - *Increased institutional participation*: Properly structured crypto-linked derivatives could improve hedging, liquidity, and institutional involvement. - *Regulatory framework*: Thailand's SEC will update derivatives licenses and work with Thailand Futures Exchange (TFEX) to set contract specifications. $BTC
*What's next?*
- The SEC will draft follow-up rules and review supervisory requirements for exchanges and clearing houses. - Thailand aims to position itself as a regional hub for institutional crypto trading.
Industry experts say this move is overdue, but safeguards are crucial to mitigate systemic risk. Thailand's crypto regulatory regime has been evolving since 2018, and this decision aligns with its efforts to balance innovation with regulation. #BTC
$AZTEC Binance is converting AZTECUSDT pre-market perpetual futures to a standard USDⓈ-margined AZTECUSDT perpetual contract today, February 12, starting at 07:00 UTC. This transition might take up to 3 hours, depending on market volatility and stable index price availability.
*Key Points:*
- *Trading Continues*: Trading remains uninterrupted, and open orders/positions stay intact. - *Mark Price Transition*: Mark price will shift to the standard formula: Mark Price = Median (Price 1, Price 2, Contract Price) with a ±1% price cap. - *Funding Rate*: Funding rates will normalize to ±2.00% after transition.
This move aims to improve liquidity and align with market demand for crypto derivatives. AZTEC is a privacy-focused Ethereum-based protocol, and this upgrade enhances its trading infrastructure. #TrumpCanadaTariffsOverturned
Binance has added Ripple's stablecoin, RLUSD, to the XRP Ledger, allowing users to deposit RLUSD on the network. Here's what's happening: $XRP - *Deposits Open*: You can now deposit RLUSD on Binance using the XRP Ledger. - *Withdrawals Coming Soon*: Withdrawals will be enabled once there's enough liquidity on the network. - *More Options*: This integration expands RLUSD's reach within Binance and adds to the growing stablecoin options. $RLUSD This move boosts RLUSD's accessibility and positions it as a serious competitor in the stablecoin market, especially with its regulatory compliance and enterprise focus. #USNFPBlowout
Binance has completed a massive $1 billion $BTC Bitcoin purchase for its Secure Asset Fund for Users (SAFU), buying a total of 15,000 BTC at an average price of around $70,000. Here's a breakdown of the purchases: - *First Purchase*: 1,315 BTC for $100 million at $76,045 - *Second Purchase*: 1,315 BTC for $100 million at $76,045 - *Third Purchase*: 3,600 BTC for $250 million at $69,444 - *Fourth Purchase*: 4,225 BTC for $300 million at $71,006 - *Final Purchase*: 4,545 BTC for $300 million at $66,006
The final purchase was made at the lowest price, bringing the average price down to around $70,000. This move shows Binance's confidence in Bitcoin's long-term value, and its SAFU fund now holds 15,000 BTC worth over $1 billion. #BTC
Ether might be bouncing back soon! Tom Lee from Fundstrat says Ethereum's past shows it recovers quickly after big drops. Since 2018, Ethereum fell over 50% eight times, and each time it bounced back fast. Lee thinks we're close to another V-shaped bottom, like in 2018 and 2022. The current price is around $1,970, and analysts think $1,890 could be a potential low. $ETH *Key Points:*
- _Historical Pattern_: Ethereum's past shows rapid rebounds after deep drops - _Current Price_: $1,970, struggling to reclaim $2,000 - _Staking Demand_: Record 71-day wait to stake Ether, with 30.3% of supply staked - _Analyst View_: Tom Lee expects another V-shaped recovery
This combo of historical patterns and strong staking demand has Lee thinking Ether's nearing a rapid recovery phase. #ETH
Binance's Co-CEO Richard Teng says clear rules are key for crypto growth 🚀. Here's what he said: - Clear regulation helps innovation and institutional adoption - US is making progress on stablecoin rules, boosting confidence - Institutions added 43,000 BTC in January, showing strong interest $BTC - Binance is expanding tokenized real-world assets with traditional finance partners - Hong Kong has potential to be a global crypto hub with right regulations - Binance will build tailored products for different user groups #Binance
Bitcoin's price dropped below 67,000 USDT and is currently trading at 66,918 USDT, showing a slight 0.03% increase in the last 24 hours. The market's feeling a bit shaky, with investors worried about economic uncertainty and interest rates. $BTC #BTC
$MSTR Strategy's CEO wants to issue "Stretch" shares to reduce stock price volatility 😬. Here's the plan: - These shares offer crypto exposure with lower risk - Dividend rate is 11.25% and resets monthly - Goal is to keep share price stable at $100 - Company has $370M in common stock and $7M in preferred shares - They own 714,000 Bitcoins (worth $48B) $BTC #BTC
$SOL Only one US Solana ETF got new money yesterday 💸. Invesco Galaxy Solana ETF (QSOL) got $478,900, taking its total inflows to $894,900. Other Solana ETFs didn't get any new funds 📊. #ETFs
$ETH BlackRock's Nicholas Peach says if Asians invest just 1% of their wealth in crypto, it could bring $2 trillion into the market 🚀. Here's the breakdown: - Asia's household wealth: $108 trillion $BTC - 1% of that: nearly $2 trillion - That's like 60% of crypto's current market cap - Asian investors are already big players in US crypto ETFs #ETFs
Tether (USDT) is catching up to Ethereum (ETH) in market cap 💸. Here's the situation: $ETH - ETH's market cap is shrinking as its price drops near $1,500 - Tether's market cap is growing steadily due to its use in trading and capital preservation - If trends continue, Tether might overtake Ethereum soon - For Tether to surpass Bitcoin, BTC would need to drop to around $10,000 (possible long-term if stablecoin adoption grows) $BTC
Stablecoins like Tether are rising steadily in crypto markets 📈. #USDT
$ETH US Ethereum ETFs had $129M in net outflows on Feb 11 😬. Here's what happened: - Fidelity's FETH led outflows with $67.1M - BlackRock's ETHA had $29.4M outflow - Total Ethereum ETF value: $11.27B (4.78% of ETH's market cap) - Total ETF inflows: $11.75B
Investors seem to be selling ETH-linked products amid market weakness 📉. #USTechFundFlows
$BTC US Bitcoin ETFs saw $276M in net outflows on Feb 11 😬. Here's the breakdown: - WisdomTree's BTCW ETF got $6.78M inflow - Fidelity's FBTC led outflows with $92.6M - Total Bitcoin ETF value: $85.77B (6.35% of BTC's market cap) - Total ETF inflows: $54.72B
Fractal Bitcoin's upgraded its network with FIP-101 🌟. Here's what it means: $BTC - Upgrade happened at block 1,500,000 - Major Bitcoin mining pools (85% of network hash rate) backed it - Changes: - Standardized index construction launched - Index nodes now part of core block production - Block production structure changing to 1:1:1 ratio (merged mining, solo mining, index block production) #BitcoinGoogleSearchesSurge
$BTC Polymarket's new feature lets you bet on Bitcoin's price movement 🔥. You can predict if BTC will rise or fall within 5 minutes. For now, it's only for Bitcoin, but might expand to other cryptos later. #BitcoinGoogleSearchesSurge