gm, Bitcoin experiences volatility due to geopolitical factors and El Salvador continuing its Bitcoin accumulation strategy. President Trump's announcement of new tariffs on Mexico, Canada, and China caused Bitcoin to dip below $100,000, highlighting the market's sensitivity to macroeconomic events. Meanwhile, Kraken announced plans to delist Tether (USDT) and four other stablecoins in Europe to comply with new regulations, signaling ongoing regulatory challenges in the space. Additionally, 21Shares filed for a spot Polkadot ETF with the SEC, reflecting continued interest in expanding crypto investment products despite recent market fluctuations.

News Headlines
💹 Wall Street Bets on $30T Real-World Asset Tokenization Market

  • Real-world asset (RWA) tokenization emerged as a leading trend in 2024, with tokenized Treasurys growing by 179% and the overall RWA market cap increasing by 32%.
  • Major financial institutions like JPMorgan, UBS, and BlackRock are actively implementing blockchain technology for asset management, with projections suggesting RWA tokenization could reach $4-6 trillion.

🌐 Ethereum Struggles to Reclaim $4K, Needs Increased Blockchain Activity

  • Ethereum has fallen below $4,000 since December 2024, trading at $3,260, with analysts emphasizing the need for increased blockchain activity and new use cases to recover its price.
  • Competition from other layer-1 blockchains and potential collaborations with entities exploring blockchain solutions could impact Ethereum's future performance.

🚀 MicroStrategy Raises $584 Million to Acquire More Bitcoin

  • MicroStrategy is issuing new stock to raise $584 million, primarily aimed at increasing its Bitcoin holdings, which already amount to approximately $48 billion.
  • The company's aggressive Bitcoin acquisition strategy has proven profitable, with its stock price dramatically increasing since it began purchasing Bitcoin in 2020.

🌊 Uniswap V4 DeFi Protocol Launches on Multiple Chains

  • Uniswap launched its V4 protocol across several chains including Ethereum, Avalanche, and BNB Chain, introducing significant improvements and new features.
  • The update includes a 99.99% cost reduction for liquidity pools and new customization options through "hooks," aiming to enhance user experience and support diverse demographics in the crypto space.

💼 BlackRock's IBIT Bitcoin ETF Hits $40B Net Inflows

  • BlackRock's iShares Bitcoin Trust (IBIT) surpassed $40 billion in net inflows within less than 13 months of its market debut, contributing to $60 billion in assets under management.
  • IBIT's rapid growth makes it the 11th-largest iShares ETF among over 400 offerings, showcasing strong interest in Bitcoin ETFs.

Market Metrics

Fundraising & VC
No fundraising data today.

On-chain Data
1. Wormhole (W) token unlock in 1 day ($10.91M, 1.56%)
2. Immutable X (IMX) token unlock in 3 days ($10.57M, 0.6%)
3. Galxe (GAL) token unlock in 3 days ($7.52M, 4.05%)
4. Myria (myria) token unlock in 4 days ($1.45M, 2.69%)

Regulatory
🏛️ SEC Receives Filing for Spot Polkadot ETF

  • 21Shares has submitted a filing to the SEC to launch a spot Polkadot exchange-traded fund (ETF) for trading on the Cboe BZX exchange.
  • The filing outlines several risks related to the Polkadot Network, including potential increases in DOT supply and its categorization as a security.

🐕 Grayscale Launches New Dogecoin Trust

  • Grayscale has launched a Dogecoin Trust, allowing institutional and accredited investors to gain exposure to Dogecoin.
  • The firm claims Dogecoin has evolved from a meme coin into a legitimate means of payment and tool for financial inclusion.

🚫 Italy Bans Chinese AI Chatbot Over Privacy Concerns

  • Italy's data protection authority has suspended the DeepSeek AI chatbot due to privacy concerns and insufficient data collection practices.
  • Other countries, including France and South Korea, are also launching investigations into DeepSeek's data policies.

🌐 US Follows El Salvador's Crypto Regulation Playbook

  • The United States is mirroring El Salvador's approach to crypto regulation, establishing a Working Group on Digital Asset Markets.
  • Smaller countries like El Salvador are expected to lead in digital asset adoption, paving the way for larger nations.

🏗️ Network States Could Rival Nation-States

  • Experts predict that blockchain-based network states could eventually compete with traditional nation-states.
  • These digital communities offer trustless ownership, enforceable legal structures, and decentralized communication, potentially reshaping societal organization.

Technical Analysis
Bitcoin - Bitcoin is in a rising trend channel in the short term. This shows that investors over time have bought the currency at higher prices and indicates good development for the currency. The currency has broken down through support at points 101400. This predicts a further decline. In case of positive reactions, there will now be resistance at points 101400. The RSI curve shows a falling trend, which is an early signal of a possible trend reversal downwards for the price as well. The currency is overall assessed as technically slightly negative for the short term.

Ethereum - Ethereum is in a falling trend channel in the short term. Falling trends indicate that the currency experiences negative development and falling buy interest among investors. The currency has broken down through support at points 3170. This predicts a further decline. In case of positive reactions, there will now be resistance at points 3170. Volume has previously been low at price tops and high at price bottoms. This confirms the trend. The currency is overall assessed as technically negative for the short term.

Governance & Code
🏔️ Arbitrum DAO | Approve the Nova Fee Sweep Action (Active Vote)
- This proposal aims to transfer 1,885 ETH in historical Nova transaction fees from the L1TimelockAlias to the ArbitrumDAO Treasury using the updated fee collection system introduced in the Nova Fee Router Proposal. 

💰 Compound DAO | Compound <> Morpho <> Polygon Collaboration
- This proposal aims to launch Compound Morpho-powered lending vaults on Polygon and requests 1.5 million COMP to be used as incentives.