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Markus Thielen from 10x Research perceives a "real possibility" of a lower CPI figure in the US on 12th February, which could go against consensus expectations and potentially spark a Bitcoin rally.
Quick Take Strategy has recommenced its bitcoin acquisitions, purchasing an additional 7,633 BTC for around $742.4 million at an average price of $97,255 per bitcoin. These recent acquisitions come after the sale of Strategy shares equivalent to the same value.
The official X account of the President of the Central African Republic announced a memecoin named CAR. The launch of the memecoin is described as an experiment to determine if a meme can "unite people" and support the "national development" of the Central African Republic.
Quick Take The prices of various cryptocurrencies have dipped after President Trump told reporters that he plans to implement new 25% tariffs on steel and aluminium next week. The price of Bitcoin, which briefly surpassed $100,000 on Friday, has slid to around $95,000, with Ethereum down 3.5% in the past 24 hours. The price action comes shortly ahead of Super Bowl LIX, expected to be the most-watched telecast of the year.
Bitcoin's historical price data suggests potential for new all-time highs in Q1, yet liquidity gaps below $80,000 might cause a short-term price decline.
Bitcoin could reach $150,000 this cycle, and if it surpasses that price level, it will probably "come back down through it," says Glassnode analyst James Check.
The group will focus on creating a federal regulatory framework for digital assets, including stablecoins, and will work to assess the establishment of a "strategic national digital assets stockpile."
Markus Thielen from 10x Research states that Bitcoin is moving in $18,000 increments and forecasts it could reach $122,000 by February.
AI-driven meme coins utilise artificial intelligence for personalised content, real-time analytics, and enhanced user engagement. While these innovations present exciting possibilities, the long-term success of this sector will depend on addressing key challenges.
- 05:48A Chinese man arrested in Bangkok for allegedly running a $14 million cryptocurrency Ponzi schemeJinse Finance reported that Thai police arrested Chinese national Liang Ai-Bing (transliteration) on Wednesday for allegedly participating in a $14 million cryptocurrency scam related to the now-defunct platform FINTOCH. FINTOCH had promised a daily return rate of 1%, falsely claimed to be backed by Morgan Stanley, and even hired actors to play a fake CEO, ultimately conducting an exit scam in May 2023. On-chain analyst ZachXBT tracked that in this exit scam, the fraudsters transferred 31.6 million USDT via the Tron and Ethereum networks, calling it the largest DeFi exit scam of 2023.
- 05:45AI education agent VideoTutor completes $11 million seed round financing, led by YZi LabsChainCatcher news, AI education agent platform VideoTutor announced the completion of an 11 million USD seed round of financing, led by YZi Labs, with participation from Jinqiu Fund (affiliated with ByteDance), Baidu Ventures, Amino Capital, and BridgeOne Capital. It is reported that VideoTutor was founded by 20-year-old Silicon Valley entrepreneur Kai Zhao, and combines large language models (LLM) with the Manim rendering pipeline to transform any question into a personalized animated course. The platform has already attracted over 20,000 users and has received more than 1,000 API integration requests from educational institutions.
- 05:37DeFiance Capital founder: Speculative sentiment among Asian crypto native users hits a new low in this cycleJinse Finance reported that Arthur, founder of DeFiance Capital, stated on social media, "The speculative sentiment among Asian crypto-native users has reached a new low in this cycle. I haven't seen such poor market sentiment and performance since 2022."