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Quick Take The bitcoin price pulled back to under $100,000 — marking a 5.7% decline in the past day. Over $850 million worth of crypto trades were liquidated on exchanges in 24 hours, predominantly affecting long positions.
The equities exchange posted an amended rule filing on Monday that would allow for in-kind redemptions and creations for the ARK 21Shares Bitcoin ETF and the 21Shares Core Ethereum ETF. Ahead of the U.S. Securities and Exchange Commission’s approvals for spot bitcoin ETFs over a year ago, firms were hashing out technical details over how the redemption process would work for those products.
Quick Take Analog, a blockchain interoperability protocol, raised $5 million at a $300 million token valuation, marking a 150% jump in valuation within a year. Analog is set to launch its token on Feb. 6, following its recent mainnet debut.
Amid market volatility, these three crypto tokens achieved all-time highs. Explore the factors behind their surges and key levels ahead.
XRP's rally to $3.40 has stalled, with bearish signals hinting at a correction. Can it hold $3, or will $2.73 become the next support level?
- 00:39Standard Chartered: The yield on US Treasury bonds is still below 4.50%, Bitcoin is expected to break new highs in FebruaryOdaily Planet Daily reports that Geoff Kendrick of Standard Chartered Bank and Matt Mena of 21Shares believe that the current market conditions are favorable for Bitcoin, given that the yield on 10-year U.S. Treasury bonds is still below 4.50%. Kendrick stated that if yields remain at these levels throughout the weekend, Bitcoin could break through $102,500 and potentially reach a new historical high above $108,000 in February. Kendrick said: "Although today's U.S. employment data details are very clear, so far, the yield on 10-year U.S. Treasury bonds has not been able to break above 4.50%, which is very constructive for digital assets. The yield isn't higher but economic conditions are still good; it's a golden period for digital asset development."
- 00:37Overview of Key Overnight Developments on February 821:00-7:00 Keywords: Maryland, OpenAI, Non-farm Employment, BlackRock Ethereum ETF 1. The state of Maryland, USA, plans to establish a strategic Bitcoin reserve; 2. Trump plans to announce a reciprocal tariff policy as early as Friday; 3. SoftBank is currently set to invest $40 billion in OpenAI; 4. U.S. non-farm employment increased by 143,000 in January, below expectations; 5. Interest rate futures traders expect the Federal Reserve to make the next rate cut in May; 6. The U.S. SEC has postponed the decision on BlackRock's Ethereum ETF options trading to April 9.
- 00:36Yesterday, ARKB had a net inflow of 59 million US dollars, and BITB had a net inflow of 10.5 million US dollarsGolden Finance reports, according to data monitored by Farside Investors, the fund data for US spot Bitcoin ETF and spot Ethereum ETF yesterday (February 7) is as follows: Spot Bitcoin ETF: ARKB net inflow of $59 million, BITB net inflow of $10.5 million; Spot Ethereum ETF: ETHW, CETH, ETHE, ETH had no funds flowing in or out.