Recap Week7 2025: To Be Discussed

Highlights:

SEC vs Binance and Coinbase legal battle paused. Powell comments about debanking and reiterating banks-crypto. Possible next ETF projections. US House hearing. SEC Peirce talking about memecoins. CFTC leadership. US CPI/PPI. Trump-Putin phone call. SEC and CFTC seek united front on digital asset regulation. SEC Crypto Task Force meets up discussing staking. Abu Dhabi disclosing position in BTC ETF. Grayscale ETH ETF proposal to include staking.

Here we go:

BTC:

• https://cryptoslate.com/bitcoins-transaction-finality-now-takes-over-a-week-due-to-mining-centralization-developer-claims/
• https://cryptoslate.com/insights/public-miners-saw-a-15-mom-decrease-in-production-as-hash-rate-and-difficulty-reach-aths/
• https://www.theblock.co/post/340504/state-level-bitcoin-reserve-bills-could-drive-23-billion-in-buying-vaneck-says
• https://www.theblock.co/post/341046/abu-dhabi-sovereign-wealth-fund-bought-437-million-of-blackrocks-spot-bitcoin-etf-in-q1
• https://www.theblock.co/post/340061/bitcoin-network-activity-hits-12-month-lows-as-transactions-drop-55-from-peak

ETH:

• https://www.coindesk.com/markets/2025/02/11/hedge-funds-are-short-ether-cme-futures-like-never-before-is-it-carry-trade-or-outright-bearish-bets
• https://www.coindesk.com/markets/2025/02/11/ether-has-underperformed-but-total-value-locked-on-ethereum-is-rising-citi
• https://www.coindesk.com/markets/2025/02/11/ether-poised-for-a-rebound-to-usd3k-from-oversold-levels-analysts
• https://cryptoslate.com/cboe-seeks-sec-approval-for-staking-in-21shares-ethereum-etf/
• https://www.theblock.co/post/340582/ethereum-foundation-injects-nearly-120-million-worth-of-ether-into-defi-lending-protocols?
• https://www.theblock.co/post/340860/ethereum-devs-release-client-software-for-pectra-upgrade-on-testnets-mainnet-launch-expected-in-april
• https://www.theblock.co/post/341159/nyse-asks-sec-to-allow-staking-for-grayscales-ethereum-etfs

SEC-Binance/Coinbase

• https://cryptoslate.com/sec-and-binance-pause-legal-battle-amid-new-crypto-regulatory-task-force/
• https://blockworks.co/news/binance-sec-temporary-ceasefire
• https://www.theblock.co/post/341168/sec-requests-28-day-extension-coinbases-appeal-crypto-task-force

Powell comments:

• https://www.theblock.co/post/339998/fed-chair-powell-calls-for-fresh-look-at-debanking-amid-crypto-industry-concerns

ETF projections:

• https://www.theblock.co/post/339837/high-odds-xrp-solana-dogecoin-and-litecoin-etfs-approved-analysts
• https://www.theblock.co/post/340825/sec-moves-forward-with-weighing-proposals-for-grayscales-xrp-and-dogecoin-etfs

US House hearing:

• https://www.theblock.co/post/340228/us-house-hearing-reveals-divides-over-stablecoin-crypto-regulation-amid-cfpb-political-tension-and-trump-memecoin

Peirce comments:

• https://www.theblock.co/post/340242/many-memecoins-likely-fall-outside-sec-jurisdiction-says-commissioner-hester-peirce
• https://cryptoslate.com/sec-lacks-authority-over-booming-memecoins-commissioner-hester-peirce-says/

CFTC Leadership:

• https://cryptoslate.com/donald-trump-taps-crypto-advocate-a16zs-brian-quintenz-for-cftc-leadership/

US CPI/PPI:

• https://www.cnbc.com/2025/02/12/cpi-january-2025.html
• https://www.coindesk.com/markets/2025/02/13/u-s-january-ppi-rose-a-faster-than-expected-0-4-annual-pace-jumped-to-3-5

Trump-Putin:

• https://www.euronews.com/2025/02/12/donald-trump-holds-phone-call-with-vladimir-putin-on-starting-ukraine-negotiations

SEC-CFTC:

• https://cryptoslate.com/sec-and-cftc-seek-united-front-on-digital-asset-regulation-with-revival-of-advisory-committee/

SEC Task Force - Staking:

• https://www.theblock.co/post/340982/sec-crypto-task-force-meets-with-jito-and-multicoin-to-discuss-staking-in-crypto-etfs

MK Opinion

Reading about huge disconnect in sentiment between “retail gamblers” and professional investors and we tend to agree.

Food for thought:

Conclusion: Outdated tech……

Coin | Other News:

Strategy (MSTR Equity):

• https://www.theblock.co/post/339722/strategy-resumes-bitcoin-acquisitions

Binance (BNB):

• https://protos.com/binance-moved-8-billion-off-its-proof-of-reserves/
• https://cryptoslate.com/insights/binance-denies-asset-sell-off-rumors-attributes-changes-to-internal-treasury-management/
• https://protos.com/cz-needs-an-extra-day-that-binance-memecoin-traders-dont-have/
• https://www.coindesk.com/daybook-us/2025/02/13/binance-founder-cz-fuels-potential-bnb-chain-memecoin-craze
• https://protos.com/cz-lets-memecoin-traders-fight-it-out-for-broccoli-dominance/
• https://www.theblock.co/post/341215/bnb-chain-will-prioritize-memecoin-transactions-as-gas-fees-surge-400

Dodgy in all aspects. Pumping also BNB token and the heavily centralized BNB Chain. Ridiculous.

Uniswap (UNI):

• https://www.theblock.co/post/339930/uniswap-labs-launches-unichain-ethereum-scaling-solution-in-mainnet

Berachain (BERA):

• https://www.dlnews.com/articles/defi/berachain-token-slides-amid-insider-selling/

BitGo:

• https://www.theblock.co/post/340137/bitgo-plans-to-go-public-as-early-as-q2-2025-bloomberg

Solana (SOL):

• https://cointelegraph.com/news/solana-sol-price-softens-as-onchain-volumes-drop-28-in-a-week
• https://www.theblock.co/post/340033/sec-acknowledges-spot-solana-spot-etf-filings-from-21shares-bitwise-canary-and-vaneck
• https://cryptoslate.com/franklin-templeton-fobxx-tokenized-money-fund-goes-live-on-solana/

USDC:

• https://www.coindesk.com/markets/2025/02/12/circle-s-usdc-hits-record-market-cap-over-usd56b-as-stablecoin-demand-soars

CME:

• https://cryptoslate.com/cme-group-hits-record-crypto-trading-volumes-in-q4-amid-rising-institutional-demand/

Tether (USDT):

• https://www.theblock.co/post/340579/jpmorgan-tether-bitcoin-us-stablecoin-regulations
• https://www.theblock.co/post/340679/tether-ceo-jpmorgan-analysis-reserves

Mastercard:

• https://cryptoslate.com/mastercard-tokenized-30-of-its-2024-transactions-per-sec-filing/

Coinbase (COIN Equity) earnings:

• https://www.bloomberg.com/news/articles/2025-02-13/coinbase-s-profit-revenue-surged-during-trump-inspired-rally
• https://cointelegraph.com/news/coinbase-ceo-predicts-10-percent-global-gdp-crypto-rails-2030

Jupiter (JUP):

• https://cryptoslate.com/jupiter-to-buyback-jup-tokens-with-50-of-fees-starting-next-week/

State Street / Citi reportedly eyeing crypto custody services:

• https://cryptoslate.com/state-street-and-citi-reportedly-eyeing-crypto-custody-services/

Huge if true and completely ignored by the market

Argentina (LIBRA) token ponzi-scheme Pump&Dump:

• https://cryptobriefing.com/milei-crypto-controversies-libra-coinx/

Don’t Cry for……. Next to that we need to stop normalizing pump and dumps in crypto

Actively Managed Strategy:

MKs Short Term Risk Report:

• Justin Sun (TRON, Huobi-HTX, WBTC)
• Tether (USDT)
• Erratic behaviour Trump Admin
• Regulation overkill in both stablecoins and DEFI
• Re-Staking uncertainties: dangerous concept that could lead to mass liquidation and the collapse of the rehypothecated tokens
• Capital Markets in general (Yen Carry Trade, China, Credit Event / Yields, FED not delivering)
• Geopolitics
• Memecoin Frenzy, excessive leverage, Agressive and unsustainable “promised” APY’s
• Hacks / Exploits
• Fragmented liquidity across (L2) chains.
• Projects running out of runway

MKs Long-Term Outlook:

• Political and Regulatory inflection
• Capital Flows Increasing
• Fundamentals improving (Adoption, Generating Revenue)
• Innovation accelerating

The week ahead by Nomura and Livesquawk:

• https://www.nomuraconnects.com/focused-thinking-posts/the-economy-next-week/?
• https://www.livesquawk.com/report/special_ls-focus-on-the-week-ahead

Upcoming Events:

Will be attending the following conferences/events:

13-14 march 2025: Web3 Amsterdam: https://web3amsterdam.com/

17 april 2025: Beursinside Crypto Congres RAI Amsterdam: https://beursinside.nl/crypto-congres/

19th-25th of May: Dutch Blockchain week: https://dutchblockchainweek.com/

Agenda:

• https://bdc.consulting/calendar
• https://www.bcnl.foundation/events?page=1&sort=-date

Tokens:

Unlocks:

Source:https://tokenomist.ai/

Have a wonderful weekend, and thanks for reading!

Disclaimer:

The views and opinions expressed in this report are solely those of the analyst. This information is not intended as an offer or sollicitation for the purchase of financial instruments or digital assets.

No investment advice. The digital assets discussed within this newsletter are highly volatile and may result in partial or permanent loss of your investment. Before investing, please carefully consider your investment objectives, level of experience and risk appetite. It is important that you consult with your own advisors as to the legal, tax and financial implications of your investments. Neither the analyst nor the company assumes any liability for any losses that may arise from reliance on the information provided in this report.

Links to third party websites are provided as a convenience and the inclusion of such links does not imply any endorsement, approval, investigation, verification or monitoring by us of any content or information contained within or accessible from the linked sites. By clicking on the link, you acknowledge that you are entering a third-party website subject to its own terms and conditions. M2tK disclaims responsibility for content, legality of access or suitability of the third-party websites.