Weekly Market Report. February 7, 2025

Greetings, curious minds! Join us on a journey into the cutting-edge. This newsletter unveils the latest trends shaping our world.?

Let's explore together! ????

?? Top Reads

Czech president signs ‘landmark’ crypto bill: CKMA ??

Czech President Petr Pavel has reportedly signed a “landmark” cryptocurrency legislation into law, providing Czechia with regulatory clarity on digital assets that are aligned with broader European Union laws.?

Trump’s crypto ventures raise conflict of interest, insider trading questions ??

President Donald Trump’s memecoin launches before his Jan. 20 inauguration and his ties to crypto firm World Liberty Financial are so outside of the bounds of normal presidential behavior as to be completely unprecedented.

Tether is building AI apps and an open-source SDK platform ??

The world’s largest stablecoin issuer, Tether, is venturing deeper into artificial intelligence with a number of AI applications in development, according to the firm’s chief executive.

?? Market Data

?? Important News This Week

AI

• DeepSeek's Deep Shock to U.S. AI Leadership
• Power Stocks had been on an AI tear. Then came DeepSeek.
• Google’s Gemini 2.0 series now broadly available via API, Gemini app

Tech

• Tech Giants Double Down on Their Massive AI Spending
• Apple’s AI Moment Is Still a Ways Off
• Kite AI introduces AI-driven layer-1 blockchain on Avalanche

Business

• BlackRock increases stake in Michael Saylor’s Strategy to 5%
• Japan asks Apple, Google to remove unregistered crypto exchange apps
• Wealthy investor network ‘TIGER 21’ holds up to $6B worth of crypto

Crypto

• MegaETH defies airdrop farming craze, dives headfirst into NFTs
• Bitcoin block size could grow to 4 MB with inscriptions
• Getgems bets on Telegram for NFT adoption, OpenSea airdrop backlash

?? Notable Companies Secure Impressive Investments

• Beamable has raised $13.5M in a Series A funding round led by Bitkraft Ventures
• Reservoir has raised $14M in a Series A funding round led by USV
• Irreducible has raised $24M in a Series A funding round co-led by Paradigm and Bain Capital
• Elastos [ELA] has raised $20M in a funding round from Rollman Management

?? Top 5 Blockchain & Crypto News of the Week

?? From market crashes to institutional power moves, here are the top headlines shaping the crypto world right now.

1?? Crypto Market Crash: $2.18B Liquidated in 24 Hours

• A brutal sell-off wiped 10% off the market cap overnight, with some altcoins plummeting 30%. This massive liquidation wave—comparable to the FTX collapse and COVID-19 crash—was triggered by trade war fears and U.S. stock market instability. Over 714,660 traders were liquidated, marking one of the worst days in crypto in recent history.

?? Read more: https://t.me/constantinkogan/1128

2?? Trump’s World Liberty Financial Buys $220M in ETH

• Trump-linked financial entity acquired 86,000 ETH in just 8 hours, pushing its total Ethereum holdings to $420M. Eric Trump’s tweet calling it "a great time to buy ETH" has fueled speculation on potential political backing for crypto.

?? Read more: https://t.me/constantinkogan/1130

3?? New Stablecoin Regulation in the U.S. Sparks Debate

• Senator Bill Hagerty’s new stablecoin bill aims to establish federal licensing requirements, reserve mandates, and Federal Reserve oversight for issuers above $10B in market cap. This could reshape the stablecoin industry, affecting major players like USDT and USDC.

?? Read more: https://t.me/constantinkogan/1131

4?? Utah Moves Toward Establishing a Bitcoin Reserve

• The Utah State House approved a bill allowing the state treasury to invest 5% of funds into Bitcoin and stablecoins. This move is historic, with Arizona and New Mexico considering similar policies. Could Bitcoin become a national reserve asset?

?? Read more: https://t.me/constantinkogan/1138

5?? Arthur Hayes Predicts Bitcoin at $1.8M & Calls for a New Global Reserve System

• In a controversial new essay, Arthur Hayes argues that Bitcoin will become a global reserve asset when it reaches $1.8M per BTC. He warns that a U.S. government shift could impact Bitcoin reserves, but highlights America’s mining dominance and strategic advantage.

?? Read more: https://t.me/constantinkogan/1135

?? Want more in-depth analysis? Stay ahead of the curve—subscribe for the latest blockchain, DeFi, and Web3 news here! ??

?? Meme of the Week

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Sincerely,

Constantin Kogan

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