Crypto News Roundup: February 5th, 2024

Bitcoin & Markets:

• Bitcoin $BTC Eyes $25,000: After hitting a new February high, analysts debate if further gains are likely before the month ends. Some see $25,000 as a key target, while others predict a "sell the news" event before reaching the all-time high.

• Stock Market Crash in China Impacts Crypto: Bitcoin's muted volatility shifts traders' focus to other coins like LINK and ICP, while concerns rise about potential spillover effects from China's stock market crash.

• Regulation & Adoption: South Korea proposes stricter reporting requirements for crypto executives, while the EU approves its AI Act, which may impact blockchain technology. BlackRock and Fidelity's Bitcoin ETFs gain popularity, suggesting growing institutional interest.

• Other News: GoDaddy offers free .eth domain name pairing with ENS, and a bankrupt crypto lender seeks approval to sell shares in Grayscale trusts.

Altcoins & DeFi:

• XRP Price Faces Uncertainty: Despite recent gains, XRP's future remains unclear due to the SEC lawsuit.

• ProShares BITO vs. Spot Bitcoin ETF: Debate continues on the pros and cons of different investment vehicles for accessing Bitcoin exposure.

• Spanish Treasury Seizes Crypto for Tax Debts: Raising concerns about government intrusion into cryptocurrency.

• Deepfake Scam Steals $25 Million: Highlighting the security risks associated with deepfakes in the crypto space.

• AI & DeFi Potential: Experts discuss how AI could benefit the DeFi industry through automation and improved risk management.

• Other News: A new DeFi lending protocol aims to change Cardano hodlers' habits, and bankrupt crypto exchange OPNX announces a shutdown with a mysterious replacement.