Kichimuku

The crypto market currently has nearly 11 million tokens and coins listed on CoinMarketCap, primarily surging due to the memecoin movement on Solana.

This explosion raises concerns about the fragmentation of 'mindshare', meaning the attention and capital flow of investors, causing many technology altcoins to lose their edge. Analyst Ali Martinez predicts that having too many tokens will hinder the ability to form an 'altcoin season', a period when altcoins rise in price simultaneously as before.

Hong Kong has just allowed the use of Bitcoin and Ethereum to prove assets in the residency investment program, with the first two successful cases totaling over 30 million HKD (approximately 3.8 million USD). Applicants must prove they own at least 30 million HKD, then invest this amount in Hong Kong within six months.

Previously, investors often used stocks or bonds to meet the requirement, and regulators required crypto to be securely stored, in cold wallets or on reputable exchanges like Binance.

Barrons: The Federal Deposit Insurance Corporation (FDIC) plans to revise banking guidelines on crypto, allowing banks to engage in certain crypto-related activities without prior approval from regulators. Some banks have met with government officials to promote the provision of crypto asset custody services, along with "crypto deposits" that could help bring some payment accounts onto the blockchain, according to a knowledgeable source.

The Bitcoin reserve race among states in the U.S. is heating up with Arizona in the lead!

Arizona's Senate Bill SB 1025 has passed committee votes and is now awaiting a full vote.

Source X @Bitcoin_Laws1
#BERAAirdropAlert

Strategy₿ will apply FASB fair value accounting standards for Bitcoin in Q1 2025... Interestingly, Michael Saylor did not do this for Q4 like Tesla to recognize the current value of Bitcoin on the balance sheet.

Additionally, the new STRK shares of Strategy₿ have an 8% dividend, which is an attractive level but also worries Thuận because the company will have to find funding to pay it.

Michael Saylor's ₿ strategy anticipates that the convertible preferred stock STRK will be listed on Nasdaq tomorrow.

The STRK convertible preferred stock can be converted into MSTR shares at a ratio of 10:1, accompanied by a perpetual call option and a fixed dividend yield of 8%.

Michael Saylor's Strategy₿ stock has outperformed all major assets and stocks in the S&P 500 thanks to Bitcoin.

Michael Saylor's MicroStrategy has been renamed to Strategy.

“Strategy is the largest and first Bitcoin holding company in the world.”

MicroStrategy, after rebranding to Strategy, has launched a merchandise store.

President Trump's son, Eric Trump, said: "It feels like this is a great time to enter the BTC."

Two days ago, Eric again said that this is a good time to buy ETH.

We are living in crazy times, the son of the President of the United States is giving crypto investment advice on X 🤣

Spot ETF 🇺🇸

🗓️ 5 tháng 2 🇺🇸 | 6 tháng 2 🇻🇳
Source: FARSIDE UK

#BTC *FINAL
🟢 BlackRock (IBIT) +44.34 (Source X @thepfund)
🟢 WisdomTree (BTCW) + 11.4
🟢 Fidelity (FBTC) + 10.6
⚪️ Grayscale “Mini” (BTC) 0.0
⚪️ VanEck (HODL) 0.0
⚪️ Bitwise (BITB) 0.0
⚪️ Grayscale (GBTC) 0.0
⚪️ ARK (ARKB) 0.0
⚪️ Invesco (BTCO) 0.0
⚪️ Franklin (EZBC) 0.0
⚪️ Valkyrie (BRRR) 0.0
———————————
🟢 + 66.34 triệu USD

#ETH *FINAL
🟢 Fidelity (FETH) + 20.1
🟢 Grayscale “Mini” (ETH) + 5.2
🔴 Grayscale (ETHE) -7.2
⚪️ VanEck (ETHV) 0.0
⚪️ Bitwise (ETHW) 0.0
⚪️ Franklin (EZET) 0.0
⚪️ 21Shares (CETH) 0.0
⚪️ Investco (QETH) 0.0
⚪️ BlackRock (ETHA) 0.0 (Source X @thepfund)
———————————
🟢 + 18.1 triệu USD

🟢 BUY 🔴 SELL ⚪️ Nothing
$BTC

Currently, there are a total of 23 states 🇺🇸 with bills related to Bitcoin.

15 of those relate to Bitcoin reserve funds.

CFTC 🇺🇸 restructures its enforcement division to end "regulation by enforcement," a move similar to the SEC. The old enforcement divisions will be replaced by two new forces:
- Complex Fraud Enforcement Force
- Retail Fraud Enforcement and General Enforcement Force
#PCEInflationWatch

CoinDesk: Despite the uncertainty surrounding U.S. tariffs, Bitcoin remains on track compared to previous cycles, especially the 2017 cycle.

In the last 2.5 months, Bitcoin has traded in the range of $90,000 - $109,000.

However, this is not the longest period Bitcoin has gone sideways. Just last year, we witnessed Bitcoin moving sideways for 8 months from the end of February to November, fluctuating between $50,000 - $70,000.

When Bitcoin rises, everyone is excited. When Bitcoin falls, the market panics but remains interested. But when Bitcoin goes sideways for an extended period, that's when market sentiment is at its most negative.

Spot ETF 🇺🇸

🗓️ 4 tháng 2 🇺🇸 | 5 tháng 2 🇻🇳
Source: FARSIDE UK

#BTC *FINAL
🟢 BlackRock (IBIT) + 250.31 (Source X @ thepfund)
🟢 ARK (ARKB) + 56.1
🟢 Grayscale (GBTC) +19.5
🟢 Bitwise (BITB) + 16.1
⚪️ Grayscale “Mini” (BTC) 0.0
⚪️ VanEck (HODL) 0.0
⚪️ Fidelity (FBTC) 0.0
⚪️ WisdomTree (BTCW) 0.0
⚪️ Franklin (EZBC) 0.0
⚪️ Valkyrie (BRRR) 0.0
⚪️ Invesco (BTCO) - no data
———————————
🟢 + 342.01 triệu USD

#ETH *FINAL
🟢 BlackRock (ETHA) +284.92 (Source X @ thepfund)
🟢 Fidelity (FETH) + 27.5
🟢 Bitwise (ETHW) + 4.1
⚪️ VanEck (ETHV) 0.0
⚪️ Grayscale “Mini” (ETH) 0.0
⚪️ Franklin (EZET) 0.0
⚪️ Grayscale (ETHE) 0.0
⚪️ 21Shares (CETH) 0.0
⚪️ Investco (QETH) - no data
———————————
🟢 + 316.52 triệu USD

🟢 BUY 🔴 SELL ⚪️ Nothing

This morning, there is important positive news for crypto from the White House, the US Congress, and the SEC. However, despite the optimistic signals, crypto prices are still declining.

@MartyPartyMusic, along with many others, once again accused centralized exchanges of transferring crypto to market makers like Wintermute to sell off, driving prices down right after the good news. They argue that this strategy triggers liquidations and forces many traders out of the market.

SEC ADJUSTS APPROACH TO ENFORCEMENT REGARDING CRYPTO, LAUNCHES CRYPTO TASK FORCE WEBSITE

The SEC is downsizing its enforcement unit related to crypto, with some members of the special team consisting of 50 people, who previously were dedicated to enforcement actions, now being reassigned to other tasks, according to a new report published in the New York Times.

Meanwhile, the SEC has launched the Crypto Task Force website, marking a shift in the approach to crypto regulation.

SEC Commissioner Hester Peirce has announced the initial priorities of the Crypto Task Force, including:

- Classification of securities and commodities: Clarifying the boundaries between securities and commodities in the crypto space.

- Defining regulatory scope: Identifying areas outside the SEC's jurisdiction and formally recognizing them (e.g., issuing no-action letters).

- Token issuance: Reviewing potential safe harbor regulations for token issuance.

- Registered offerings: Providing a legal framework for issuing organizations that wish to register or utilize Reg A or Reg Crowdfunding regulations.

- Special Purpose Broker-Dealer (SPBD): Recognizing that the current licensing version is outdated and needs updating.

- Custody for investment advisors: Establishing a suitable custody regime for Registered Investment Advisors, replacing the outdated “safeguarding rule.”

- Clearing agencies and transfer agents: Considering how traditional financial institutions like DTCC can be regulated to operate on crypto infrastructure.

- Cross-border sandbox: Facilitating international collaboration and experimentation in the field of crypto innovation.

Very good news!

Key points from today's press conference on digital assets 🇺🇸:

- Establishment of a bipartisan committee on crypto regulation: The House Financial Services Committee, House Agriculture Committee, Senate Agriculture Committee, and Senate Banking Committee are forming a bipartisan committee to lead crypto regulatory efforts, prioritizing legislation on stablecoins and market structure.

- Senate pushes crypto bill: Senate Banking Committee Chairman Senator Tim Scott stated he plans to be "as aggressive as possible" to pass legislation within the first 100 days.

- Building on existing laws: The committees intend to use the FIT21 bill as a foundation for market structure legislation and will incorporate the new stablecoin bill introduced by Senator Hagerty as a starting point.

- Stablecoin legislation is progressing rapidly: Senator Tim Scott confirmed that stablecoin legislation is being strongly advanced with support from both parties. Congressman French Hill emphasized that both market structure and stablecoin bills will be developed simultaneously in a bipartisan manner in the House.

- Broader discussion on anti-money laundering (AML) laws: Senator Tim Scott expressed a desire to discuss anti-money laundering (AML) laws with his Democratic colleagues, not only related to digital assets but also in a broader context.

- Assessing the feasibility of a Bitcoin reserve: White House advisor on Crypto and AI, David Sacks, stated that one of the top priorities is to assess the feasibility of a Bitcoin reserve. However, discussions are still in the early stages.

Senator 🇺🇸 Bill Hagerty has proposed the GENIUS Act (Guiding and Establishing National Innovation in U.S. Stablecoins) to establish a clear legal framework for stablecoins in the U.S.

Key points of the GENIUS Act:
- Provides a clear regulatory framework for stablecoins in the U.S.
- Defines stablecoins as digital assets pegged to the USD.
- Establishes licensing and reserve requirements for stablecoin issuing organizations.
- Brings the Federal Reserve (Fed) into the oversight of issuing organizations with assets over $10 billion, while smaller organizations will follow state regulations.
- Supports comprehensive financial inclusion, efficient transactions, and reinforces the position of the USD globally.

According to Senate aides, this bill is expected to be swiftly passed in Congressional committees. It will be discussed in a press briefing today along with the White House's Crypto Advisor, David Sacks.
Source X @EleanorTerrett
#BTCHovers100k