Connect with us

Uncategorized

Crypto Daybook Americas: Bitcoin Rebounds as DeepSeek Concerns Wane, AI Tokens Regroup

Published

on

By Omkar Godbole (All times ET unless indicated otherwise)

The crypto market is showing signs of stabilizing, with bitcoin recovering to $102,000 and positive signals from futures tied to the Nasdaq. Leading the recovery among major cryptocurrencies is XRP, up 11%, followed by SOL with a 7% increase. AI coins, hit hard on Monday, are posting gains of as much as 4%.

Risk sentiment is likely being supported by skepticism surrounding the claims of Chinese tech startup DeepSeek, which asserts it spent only $6 million to develop its competitor to ChatGPT. Critics speculate the figure omits costs associated with earlier research and experimentation on architectures, algorithms and data. Additionally, a concept rooted in the Jevons Paradox suggests that advancements in efficiency often lead to increased usage rather than reduced consumption, leading to net positive growth in the industry.

That’s good news for bitcoin and the broader crypto industry because they align with the narrative of U.S. exceptionalism, particularly given President Trump’s crypto-friendly stance and plans to establish a strategic digital asset reserve.

Speaking of the strategic reserve, Arizona lawmakers have advanced a bill that would permit government entities or public funds to invest up to 10% of their capital in bitcoin and other digital assets.

The broader outlook remains bullish, with on-chain data pointing to capitulation of weak hands and continued accumulation by large investors.

«According to CryptoQuant data, the share of investors with a balance of at least 1,000 BTC who purchased coins in the last 155 days increased from 43% to 60%, reflecting the emergence of large players amid optimistic sentiment,» said Alex Kuptsikevich, chief market analyst at the FxPro.

QCP Capital expects this week to test BTC’s correlation with equities, particularly as a favorable regulatory environment offers potential support. Stay alert!

What to Watch

Crypto:

Jan. 28, 1:00 p.m.: Hedera (HBAR) network upgrade (v0.57.5).

Jan. 29: Cardano’s Plomin hard fork network upgrade.

Jan. 29: Ice Open Network (ION) mainnet launch.

Feb. 2, 8:00 p.m.: Core blockchain Athena hard fork network upgrade (v1.0.14)

Feb. 4: MicroStrategy (MSTR) Q4, FY 2024 earnings.

Feb. 4: Pepecoin (PEPE) halving. At block 400,000, the reward will drop to 31,250 PEPE.

Feb. 5, 3:00 p.m.: Boba Network’s Holocene hard fork network upgrade for its Ethereum-based L2 mainnet.

Feb. 6, 8:00 a.m.: Shentu Chain network upgrade (v2.14.0).

Feb. 12: Hut 8 Corp. (HUT) Q4 2024 earnings.

Feb. 15: Qtum (QTUM) hard fork network upgrade at block 4,590,000.

Feb. 18 (after market close): Semler Scientific (SMLR) Q4 2024 earnings.

Feb. 20: Coinbase Global (COIN) Q4 2024 earnings.

Macro

Jan. 28, 8:30 a.m.: The U.S. Census Bureau releases December Monthly Advance Report on Durable Goods Manufacturers’ Shipments Inventories and Orders.

MoM Est. 0.8% vs. Prev. -1.1%.

Jan. 28, 1:00 p.m.: The Fed releases December’s H.6 (Money Stock Measures) report.

Money Supply Prev. $21.45T.

Jan. 29, 12:00 a.m.: Japan’s Cabinet Office releases January’s Consumer Confidence Survey.

Est. 36.5 vs. Prev. 36.2.

Jan. 29, 4:00 a.m.: The European Central Bank (ECB) releases Monetary Developments in the Euro Area for December.

M3 Money Supply YoY Est. 3.8% vs. Prev. 3.8%.

Jan. 29, 8:45 a.m.: The Bank of Canada (BoC) releases the (quarterly) Monetary Policy Report.

Jan. 29, 9:45 a.m.: The BoC announces its interest-rate decision.

Est. 3% vs. Prev. 3.25% followed by a press conference at 10:30 a.m.

Jan. 29, 2:00 p.m.: The Federal Open Market Committee (FOMC) announces the U.S. central bank’s interest-rate decision.

Target Range for the Federal Funds Rate Est. 4.25% to 4.5% vs. Prev. 4.25% to 4.5% followed by a press conference at 2:30 p.m. Livestream link.

Token Events

Governance votes & calls

Morpho DAO is voting whether to reduce MORPHO rewards by 30% across all assets and networks and set all assets other than those with ETH or USD denominations to have the same reward rate as BTC-denominated assets.

Sky DAO is voting whether to reduce the WBTC liquidation threshold from 55% to 50% on SparkLend Ethereum.

Yearn DAO is voting whether to fund and endorse Bearn, a new subDAO aiming to build and launch products on Berachain.

Unlocks

Jan. 28: Tribal Token (TRIBL) to unlock 14% of its circulating supply worth $60 million.

Jan. 31: Optimism (OP) to unlock 2.32% of circulating supply worth $52.9 million.

Jan. 31: Jupiter (JUP) to unlock 41.5% of circulating supply worth $626 million.

Feb. 1: Sui (SUI) to unlocked about 2.13% of its circulating supply worth $226 million.

Token Listings

Jan. 28: Pudgy Penguins (PENGU) and Magic Eden (ME) to be listed on Kraken.

Jan. 29: Cronos (CRO), Movement (MOVE) and Usual (USUAL) to be listed on Kraken.

Conferences:

Jan. 29-31: Crypto Peaks 2025 (Palisades, California)

Jan. 30, 12:30 p.m. to 5:00 p.m.: International DeFi Day 2025 (online)

Jan. 30-31: Ethereum Zurich 2025

Jan. 30-31: Plan B Forum (San Salvador, El Salvador)

Jan. 30 to Feb. 1: Crypto Gathering 2025 (Miami Beach, Florida)

Jan. 30-Feb. 1: CryptoXR 2025 (Auxerre, France)

Jan. 30-Feb. 2: Oasis Onchain 2025 (Nassau, Bahamas)

Jan. 30-Feb. 4: The Satoshi Roundtable (Dubai)

Feb. 1-28: Mammathon global hackathon for Celestia (online).

Feb. 3: Digital Assets Forum (London)

Feb. 5-6: The 14th Global Blockchain Congress (Dubai)

Feb. 6: Ondo Summit 2025 (New York).

Feb. 7: Solana APEX (Mexico City)

Feb. 13-14: The 4th Edition of NFT Paris.

Feb. 18-20: CoinDesk’s Consensus Hong Kong

Feb. 19: Sui Connect: Hong Kong

Feb. 23-March 2: ETHDenver 2025 (Denver, Colorado)

Feb. 25: HederaCon 2025 (Denver)

Token Talk

By Shaurya Malwa

AI-focused Venice AI (VVV) zoomed to a $1 billion market capitalization on Monday on its appeal of offering private, uncensored AI inference access without per-request fees.

The Base-based token was listed on Coinbase — one of the rare assets listed on the exchange on the day of launch — which may have helped propel the move.

Users stake VVV tokens to gain API access to AI stalwart DeepSeek, with ongoing rewards from token emissions.

Derivatives Positioning

CME’s bitcoin and ether futures saw a notable drop in open interest on Monday, as traders de-risked during a sharp slide in Nvidia and other Nasdaq stocks.

Perpetual funding rates for major coins have stabilized in the range of an annualized 5%-10%. Funding rates for BTC had briefly flipped bearish below zero early Monday.

BTC calls are pricier than puts across all timeframes, while ETH’s front-end puts trade pricier, reflecting concerns of extended price drops in the next couple of days.

Market Movements:

BTC is up 1.32% from 4 p.m. ET Monday to $98,784.45 (24hrs: +4.07%)

ETH is up 1.62% at $3,050.20 (24hrs: +4.52%)

CoinDesk 20 is up 3.2% to 3,536.28 (24hrs: +6.73%)

CESR Composite Staking Rate is up 18 bps to 3.19%

BTC funding rate is at 0.0084% (9.2221% annualized) on Binance

DXY is up 0.57% at 107.95

Gold is up 0.34% at $2,743.59/oz

Silver is up 0.35% to $30.16/oz

Nikkei 225 closed -1.39% at 39,016.87

Hang Seng closed +0.14% to 20,225.11

FTSE is up 0.58% at 8,553.75

Euro Stoxx 50 is up 0.47% at 5,212.71

DJIA closed on Monday +0.65% to 44,713.58

S&P 500 closed -1.46% at 6,012.28

Nasdaq closed -3.07% at 19,341.83

S&P/TSX Composite Index closed -0.7% at 25,289.15

S&P 40 Latin America closed +0.34% at 2,330.61

U.S. 10-year Treasury is up 3 bps at 4.57%

E-mini S&P 500 futures are up 0.39% at 6070.50

E-mini Nasdaq-100 futures are up 0.67% at 21,400.25

E-mini Dow Jones Industrial Average Index futures are unchanged at 44,935.00

Bitcoin Stats:

BTC Dominance: 59.16 (0.15%)

Ethereum to bitcoin ratio: 0.031 (-0.32%)

Hashrate (seven-day moving average): 767 EH/s

Hashprice (spot): $58.7

Total Fees: 6.13 BTC/ $616,619

CME Futures Open Interest: 170,240 BTC

BTC priced in gold: 37.6 oz

BTC vs gold market cap: 10.68%

Technical Analysis

ETH carved out a candle with a long tail Monday, signaling bear fatigue at intraday lows. That’s often seen as a sign of an impending trend change higher.

Prices, however, remain trapped in a descending channel, suggesting a bearish outlook.

Crypto Equities

MicroStrategy (MSTR): closed on Monday at $347.92 (-1.63%), down 0.36% at $346.66 in pre-market.

Coinbase Global (COIN): closed at $277.99 (-6.71%), up 0.76% at $280.11 in pre-market.

Galaxy Digital Holdings (GLXY): closed at C$27.36 (-15.87%).

MARA Holdings (MARA): closed at $18.28 (-8.53%), up 0.63% at $18.40 in pre-market.

Riot Platforms (RIOT): closed at $11.45 (-15.44%), down 6.87% at $12.61 in pre-market.

Core Scientific (CORZ): closed at $11.28 (-29.41%), up 2.22% at $11.53 in pre-market.

CleanSpark (CLSK): closed at $10.31 (-10.62%), up 1.21% at $10.43 in pre-market.

CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $20.78 (-20.75%), down 3.99% at $21.61 in pre-market.

Semler Scientific (SMLR): closed at $50.43 (-9.07%).

Exodus Movement (EXOD): closed at $74 (+20.82%), unchanged in pre-market.

ETF Flows

ETF Flows

Spot BTC ETFs:

Daily net flow: -$457.6 million

Cumulative net flows: $39.49 billion

Total BTC holdings ~ 1.157 million.

Spot ETH ETFs

Daily net flow: -$136.2 million

Cumulative net flows: $2.67 billion

Total ETH holdings ~ 3.59 million.

Source: Farside Investors

Overnight Flows

Chart of the Day

Daily trading volume on Solana-based decentralized exchanges has dropped sharply to less than $10 billon from the high of $35 billion registered on Jan. 18, when the TRUMP token debuted and triggered a memecoin frenzy.

Volumes, however, remain elevated at the average activity levels seen in November and December.

While You Were Sleeping

KuCoin to Pay Nearly $300M Fine After Pleading Guilty to DOJ Charges (CoinDesk): Crypto exchange KuCoin pleaded guilty to operating an unlicensed money-transmitting business, agreeing to pay $297 million in penalties and to exit the U.S. for two years.

Tuttle Capital Proposes First-Ever Leveraged ETFs of TRUMP, MELANIA, Cardano, Others (CoinDesk): Tuttle Capital Management filed 10 2x leveraged crypto ETF proposals with the SEC, including those tracking TRUMP and MELANIA memecoins.

Mad Money’s Jim Cramer Says ‘Own Bitcoin, Not MicroStrategy’ (CoinDesk): On Monday’s Mad Money, Jim Cramer endorsed owning bitcoin while cautioning against MicroStrategy, the largest corporate bitcoin holder. Critics frequently interpret his advice as a contrarian indicator.

Ripple’s CEO Brad Garlinghouse Bats for Diversified U.S. Crypto Reserve (CoinDesk): Ripple CEO Brad Garlinghouse supports a U.S. digital asset reserve representing multiple tokens, not just bitcoin, calling BTC maximalism «the enemy of crypto progress.»

BOJ to Raise Rates Again by July, Eventually Eye Hike to 1.5%, Says Ex-Policymaker (Reuters): Former Bank of Japan board member Makoto Sakurai predicts the bank will raise interest rates again by mid-2025, targeting 1.5% within two years.

Dollar Climbs as Trump Puts Tariff Threats Back on the Agenda (Bloomberg): The dollar strengthened against major currencies, with the yen leading losses after falling over 0.9%, as President Trump and Treasury Secretary Scott Bessent reignited tariff concerns.

OpenAI’s Altman Vows ‘Better Models’ as China’s DeepSeek Disrupts Global Race (Financial Times): On Monday, OpenAI CEO Sam Altman responded to DeepSeek’s generative AI rival to ChatGPT by pledging to accelerate product launches and deliver superior models.

In the Ether

Continue Reading
Click to comment

Leave a Reply

Ваш адрес email не будет опубликован. Обязательные поля помечены *

Uncategorized

Kraken Secures Restricted Dealer Status in Canada Amid ‘Turning Point’ for Crypto in the Country

Published

on

By

Crypto exchange Kraken has registered as a restricted dealer in Canada, allowing the exchange to continue offering crypto trading services to Canadian users under the country’s evolving regulatory framework.

The registration, announced on Tuesday, comes after a multi-year process that required exchanges to meet higher standards for investor protection and governance. Kraken said it worked closely with Canadian regulators during this pre-registration phase, upgrading its compliance systems and internal controls to meet expectations set by the Ontario Securities Commission (OSC).

To lead its Canadian expansion, Kraken named Cynthia Del Pozo as general manager for North America. Del Pozo, a fintech and operations veteran, will oversee strategy, regulatory engagement and business development across the region.

“Canada is at a turning point for crypto adoption,” said Del Pozo in a statement, pointing to growing interest from both retail and institutional investors. A recent survey cited by Kraken found that 30% of Canadian investors currently hold crypto assets.

Kraken also announced it will offer free Interac e-Transfer deposits for Canadian users, a move aimed at reducing friction for newcomers to the platform. The exchange claims it doubled its team and user base in Canada over the last two years and now manages over $2 billion CAD in client assets.

Mayur Gupta, Kraken’s chief marketing officer and general manager of growth, will be speaking at CoinDesk’s Consensus 2025 in Toronto on May 14-15.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

Continue Reading

Uncategorized

The Protocol: Vana Introduces Token Standard for Data-Backed Assets

Published

on

By

Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Ben Schiller.

In this issue:

Vana launches token standard

Hashgraph to debut private blockchain

ASICs will look more like servers

An interview with Gensyn’s Ben Fielding

This article is featured in the latest issue of The Protocol, our weekly newsletter exploring the tech behind crypto, one block at a time. Sign up here to get it in your inbox every Wednesday.

Network News

VANA’S DATA-BACKED TOKEN STANDARD: Crypto enthusiasts might have heard of the ERC-20 token standard, which provides guidelines to ensure that tokens created on the Ethereum smart contract blockchain are compatible and can interact with other tokens and applications within the network. A similar standard for data-backed tokens, called VRC-20, has now emerged. Vana, an EVM-compatible Layer 1 blockchain that helps users monetize personal data by bundling it into DataDAOs for AI model training, introduced the new standard early this week to boost trust and transparency in the market for data-backed digital assets. The VRC-20 standard design includes specific criteria such as fixed supply, governance, and liquidity rules while ensuring real data access by tying tokens to actual data utility. Additionally, it promotes continuous liquidity through rewards that ensure market stability. «This isn’t speculation. This is real financialization of data,» Vana noted on X. Vana launched its mainnet in December, with VANA as its native cryptocurrency. Since then, the network has onboarded over 12 million data points through multiple DataDAOs, reflecting strong demand for user-owned data. DataDAOs or data liquidity pools are decentralized marketplaces that bring data on-chain as transferable digital tokens. DLPs are where data is contributed, tokenized and made ready for use in applications such as AI model training. — Omkar Godbole Read more.

HASHGRAPH LINES UP Q3 PRIVATE CHAIN: Hashgraph, the blockchain development firm focusing on the Hedera (HBAR) network, is building a private, permissioned blockchain for enterprises in highly regulated industries with plans to debut in the third quarter of 2025. HashSphere, built with Hedera’s technology, aims to bridge private and public distributed ledgers, ensuring compliance with regulations while maintaining interoperability, the company said Monday. Hashgraph is looking to provide services to asset managers, banks and payment providers seeking secure, low-cost cross-border transactions with stablecoins.While public blockchains offer security and transparency, enterprises in industries like finance and payments often face compliance challenges, particularly with know your customer (KYC) and anti-money laundering (AML) requirements. HashSphere addresses this by restricting access to verified participants, enabling firms to develop tokenized assets, AI-powered services and other blockchain-based products while meeting regulatory standards. The network also integrates Hedera’s existing tools, including the Token Service for managing digital assets and the Consensus Service for recording transactions with trusted timestamps. The platform is compatible with the Ethereum Virtual Machine (EVM), allowing developers to deploy decentralized applications using Solidity and other EVM languages. — Kris Sandor Read more.

ASICS TO BE MORE LIKE SERVERS: In the beginning, there were only CPUs, then GPUs, for bitcoin mining. Then came the mighty ASIC in 2013, and with it, the “shoebox” form factor that has become emblematic of the bitcoin mining industry. What comes next? ASIC manufacturers are increasingly betting on a hydro-cooled server rack design to become a substantial portion of bitcoin mining fleets, leaning into the “direct-to-chip” cooling for further efficiency gains. Last September, Bitmain announced its model U3S21EXPH developed in a partnership with Hut 8. Its U3 design means that one unit takes up three spaces in a traditional server rack. MicroBT soon followed with its M63 Hydro series, as did Bitdeer’s Sealminer A2 Hydro unit. Following suit, Auradine released its server rack model, the AH3880, this March. Its U2 design, which occupies two server slots, is a bit smaller, but it packs more hashrate per unit of space at 600 TH/s (or 300 TH/s per slot) versus Bitmain’s 860 TH/s (286.66 TH/s per slot). The benefit of a server rack ASIC lies in standardization. Bitcoin miners are increasingly marching in step with the traditional datacenter industry, and that industry could see 40% adoption of direct liquid-to-chip cooling by 2026, according to data center developer Cyrus One. If miners adopt this design, then theoretically, they can optimize their supply chains by converging on server designs that are becoming best practice in the big-boy data center sector. — Colin Harper, Blockspace Read more.

GENSYN CEO BEN FIELDING: Ten years ago, when he was still a young AI researcher beginning his PhD track, Ben Fielding explored how “swarms” of AI — clusters of many different models — could talk to each other and learn from each other, which might improve the collective whole. There was just one problem: He was handcuffed by the realities of that noisy machine beneath his desk. And he knew he was outgunned by Google and other Big Tech. Compute constraints would always be an issue, he realized. The solution? Decentralized AI. Fielding co-founded Gensyn (along with Harry Grieve) in 2020, or years before Decentralized AI became fashionable. The project was initially known for building decentralized compute, but the vision is actually something wider: “The network for machine intelligence.” They’re building solutions up and down the tech stack. And now, a decade after Fielding’s noisy desk annoyed his lab-mates, the early tools of Gensyn are out in the wild. Gensyn recently released its “RL Swarms” protocol (a descendant of Fielding’s PhD work) and just launched its Testnet — which brings blockchain into the fold. Fielding talked with Jeff Wilser about AI Swarms, how blockchain snaps into the puzzle, and shares why all innovators — not just tech giants — “should have the right to build machine learning technologies.” — Jeff Wilser Read more.

In Other News

Web3 lacks a dedicated memory layer, making its current architecture inefficient and difficult to scale. Random Linear Network Coding (RLNC) offers a solution by enhancing data propagation and storage efficiency in decentralized systems. Implementing RLNC can address Web3’s scalability challenges by optimizing memory and data access without compromising decentralization, says Muriel Médard, co-founder of Optimum. Read her op-ed here.

Ripple, an enterprise-focused blockchain service closely tied to the XRP Ledger (XRP), said on Wednesday it has integrated its stablecoin to the company’s cross-border payments system to boost adoption for Ripple USD (RLUSD). Select Ripple Payments customers including cross-border payment providers BKK Forex and iSend are already using the stablecoin to improve their treasury operations, the company said. Ripple plans to further expand the token’s availability of its token to payments customers. RLUSD reached a $244 million market capitalization, growing 87% over the past month. — Kris Sandor reports.

Regulatory and Policy

The U.S. Securities and Exchange Commission has dropped or paused over a dozen ongoing cases (and lost one) since U.S. President Donald Trump retook office just over two months ago and appointed Commissioner Mark Uyeda as acting chair. Here is a rundown of what’s left on the SEC’s enforcement docket. — Nik De reports.

Calendar

April 8-10: Paris Blockchain Week

April 30-May 1: Token 2049, Dubai

May 14-16: Consensus, Toronto

May 20-22: Avalanche Summit, London

May 27-29: Bitcoin 2025, Las Vegas

June 30-July 3: EthCC, Cannes

Oct. 1-2: Token2049, Singapore

Continue Reading

Uncategorized

President Trump to Order ‘Reciprocal Tariffs’ to Begin at Midnight

Published

on

By

In a Rose Garden ceremony on Wednesday, U.S. President Donald Trump said he intends to immediately sign an order for «reciprocal tariffs» to be levied against U.S. trading partners.

«Our country and its taxpayers have been ripped off for more than 50 years but it’s not going to happen anymore,» said Trump, adding that the tariffs will begin at midnight.

The first specific tariff announced at the ceremony was a 25% levy on all foreign-made autos.

Among country-specific tariffs: China will see a rate of 34%, Vietnam 46%, Taiwan 32% South Korea 25%, Switzerland 31%.

The price of bitcoin (BTC) initially rose in the ceremony’s early stages, but began to give ground as the tariffs were detailed. The price has retreated to $86,000, down about 1% from prior to the announcements.

Continue Reading

Trending

Copyright © 2017 Zox News Theme. Theme by MVP Themes, powered by WordPress.