On February 13, 2025, the cryptocurrency market experienced several significant events. US Bitcoin mining companies reported supply chain issues due to delays in shipments from Chinese manufacturer Bitmain, worsened by trade tensions and increased scrutiny from US Customs and Border Protection. This has raised concerns about the profitability of mining operations amid growing BTC mining difficulty. In response to criticism regarding its funding methods, the Ethereum Foundation allocated 45,000 Ether (valued at approximately $120 million) to various DeFi protocols to bolster community confidence and reduce its dependency on ETH sell-offs for operational expenses. Lastly, US Federal Reserve Governor Christopher Waller advocated for banks to issue stablecoins, highlighting their importance for retail and cross-border payments but acknowledged the necessity for a regulatory framework to address associated risks and challenges. Waller pointed out the evolving nature of stablecoins and the importance of careful regulation following previous market disruptions caused by stablecoin volatility.

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