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news-imageFebruary 6, 2025

Solana Leads Market Activity as Traders Shift Away From Bitcoin & Ethereum

TL;DR Solana dominates the retail market: It has surpassed Bitcoin and Ethereum in active addresses and transaction volume, with a 477% surge in memecoins. ETFs drive liquidity shifts: Bitcoin ETFs hold over 515,000 BTC, impacting prices and volatility. Ethereum is gaining institutional traction.
Publisher: Crypto Economy
Sentiment: Positive
BTC
ETH

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Positive
cover-imageCryptopolitan
February 6, 2025

Institutions are accumulating Ethereum in a new wave, ETH up 0.3%

Ethereum's (ETH) recent price struggles haven't stopped institutions from accumulating coins, with major entities moving significant holdings from exchanges. The second-largest cryptocurrency by market capitalization has gone up by 0.3% since rebounding from recent lows and reclaiming the $2,650 level.

Neutral
cover-imageBitcoin
February 6, 2025

Bitcoin Hovers Near $98K Amid Market Volatility and Rising Dominance

The dominant cryptocurrency weathered weaker than normal trading volume and a downtrend in price over the past 24 hours. Bitcoin Falls Below $98K as Dominance Climbs Bitcoin (BTC) is trading at $97,102 at the time of reporting, after fluctuating between $96,174.83 and $99,168.61 over the past 24 hours, according to data from Coin Market Cap.

Neutral
cover-imageCoindesk
February 6, 2025

Is Bitcoin Creator Satoshi Nakamoto Canadian?

Eric Trump, son of U.S. President Trump, encourages family-linked World Liberty Financial to buy bitcoin, the SEC scales down and reassigns crypto enforcement staff, and the mystery behind the identity of Satoshi Nakamoto, the creator of Bitcoin, deepens. CoinDesk's Christine Lee anchors “CoinDesk Daily.

Positive
cover-imageUToday
February 6, 2025

Michael Saylor Reconfirms Strategy's Mandate: 'Bitcoin'

About 24 hours after it rebranded its corporate name from MicroStrategy to Strategy, the company's founder and chairman, Michael Saylor, broke his silence. Taking to his official social media account on X, Saylor shared a three-line statement, noting, "Strategy is Bitcoin," reaffirming its brand focus.

Positive
cover-imageCrypto Economy
February 6, 2025

ZetaChain Integrates Solana, Strengthening Cross-Chain dApp Development

TL;DR ZetaChain now supports Solana, enabling dApps that natively integrate Solana, Bitcoin, and Ethereum. Developers can create decentralized applications that operate with native SOL and SPL assets alongside tokens from other chains, without requiring bridges. This integration ensures a seamless experience across these three blockchains, enhancing interoperability without unnecessary complexity.

Positive
cover-imageBitcoinist
February 6, 2025

Trump's Social Media Firm Begins Journey To Launch A Bitcoin ETF – Details

President Donald Trump's social media company, Trump Media and Technology Group (TMTG), announced on Thursday that it has initiated a Bitcoin exchange-traded fund (ETF). Trump Media To Propel Truth.Fi Financial Offerings The official announcement revealed that TMTG has applied for trademarks associated with its forthcoming financial products, which will be branded under the new Truth.

Negative
cover-imageBenzinga
February 6, 2025

Arthur Hayes Blasts Strategic Bitcoin Reserve, Regulatory Bill As 'Net Negatives'

Arthur Hayes, co-founder of BitMEX on Thursday raised concerns over proposals for a strategic Bitcoin (CRYPTO: BTC) reserve and a broad crypto regulatory bill, arguing that both initiatives could be detrimental to the cryptocurrency industry. What Happened: In a blog post, he points out that government-controlled Bitcoin reserves would be used for political leverage rather than as a long-term economic strategy, leading to market uncertainty.

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