Uncategorized
Crypto Daybook Americas: Trump Exports Bitcoin Enthusiasm as Price Rebounds, Investors Eye FOMC

By James Van Straten (All times ET unless indicated otherwise)
Each new day under the Trump administration is as intriguing as the next, and Wednesday is shaping up to be no different.
For one, the president’s enthusiasm for bitcoin is spurring other countries to take a look at the asset. Most recently, Czech National Bank Governor Aleš Michl said he will present a plan to add billions of euros worth of bitcoin to the bank’s reserves. If approved, the institution would become the first Western central bank to hold BTC as a reserve asset. Michl intends to present the plan to the bank’s board on Thursday.
There’s also the Federal Open Market Committee meeting later today, where the benchmark fed funds rate is expected to be held at 4.25%-4.50%. The question is whether Fed Chair Jerome Powell will give a hawkish or dovish outlook, with a knock-on effect on asset prices.
Markets seem to have shaken off concerns over the Chinese DeepSeek AI program, with bitcoin back over $102,000. U.S. equities are shy of a new all-time high as Nvidia (NVDA) stormed back with an almost double-digit increase.
After the market closes, we could see some further volatility, with major tech companies including Tesla (TSLA) reporting earnings.
What to Watch
Crypto:
Jan. 29: Cardano’s Plomin hard fork network upgrade.
Jan. 29: Ice Open Network (ION) mainnet launch.
Jan. 31: Crypto.com is suspending purchases of cryptocurrencies USDT, WBTC, DAI, PAX, PAXG, PYUSD, CDCETH, CDCSOL, LCRO, and XSGD in the EU to comply with MiCA regulations. Withdrawals will be supported through Q1.
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. 13 (after market close): Coinbase Global (COIN) 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.
Macro
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. This is followed by a press conference at 10:30 a.m.
Est. 3% vs. Prev. 3.25%.
Jan. 29, 2:00 p.m.: The Federal Open Market Committee (FOMC) announces the U.S. central bank’s interest-rate decision. This is followed by a press conference at 2:30 p.m. Livestream link.
Target Range for the Federal Funds Rate Est. 4.25% to 4.5% vs. Prev. 4.25% to 4.5%.
Jan. 30, 5:00 a.m.: The European Central Bank (ECB) releases Q4 GDP (Flash).
Growth Rate QoQ Est. 0.1% vs. Prev. 0.4%.
Growth Rate YoY Est. 1% vs. Prev. 0.9%.
December Unemployment Rate Est. 6.3% vs. Prev. 6.3%.
Jan. 30, 8:15 a.m.: The ECB announces its interest-rate decision. This is followed by a press conference at 8:45 a.m. Livestream link.
Deposit Facility Rate Est. 2.75% vs. Prev. 3%.
Main Refinancing Rate Est. 2.9% vs. Prev. 3.15%.
Marginal Lending Rate Prev. 3.4%.
Jan. 30, 8:30 a.m.: The U.S. Bureau of Economic Analysis (BEA) releases Q4 Advance GDP report.
GDP Growth Rate QoQ Est. 2.8% vs. Prev. 3.1%.
GDP Price Index QoQ Est. 2.5% vs. Prev. 1.9%.
Initial Jobless Claims for Week Ended Jan. 25 Est. 220K vs. Prev. 223K.
Continuing Jobless Claims Est. 18900K vs. Prev. 1899K.
Core PCE Prices QoQ Est. 2.5% vs. Prev. 2.2%.
PCE Prices QoQ Prev. 1.5%.
Real Consumer Spending QoQ Prev. 3.7%.
Jan. 30, 4:30 p.m.: The Federal Reserve releases H.4.1 report on Factors Affecting Reserve Balances for the week ended Jan. 29.
Balance Sheet Prev. $6.83T.
Jan. 30, 6:30 p.m.: Japan’s Ministry of Internal Affairs and Communications releases December unemployment report.
Unemployment Rate Est. 2.5% vs. Prev. 2.5%.
Jan. 30, 6:50 p.m.: Japan’s Ministry of Economy, Trade and Industry releases December industrial production (preliminary) report.
Industrial Production MoM Est. 0.3% vs. Prev. -2.2%.
Industrial Production YoY Prev. -2.8%.
Retail Sales MoM Prev. 1.8%.
Retail Sales YoY Est. 3.2% vs. Prev. 2.8%.
Token Events
Governance votes & calls
ENS DAO is voting whether to convert 6,000 ETH into USDC to replenish its depleted reserves, which it would use to secure a 12-month operational runway to support ongoing commitments.
Stargate Finance DAO to initiate the Hydra Expansion Program, which would allocate up to $10 million in STG tokens to support key initiatives on Hydra chains which should last 12 months.
Pocket DAO is voting whether to replace its compensation scheme with a DAO Compensation Committee of three members who would be responsible for approving Pocket Network Foundation-recommended awards.
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 unlock 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:
Day 1 of 3: 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
Ai16z, an open-source AI agent platform, has rebranded to ElizaOS to establish a professional identity and avoid trademark issues with Andreessen Horowitz (a16z).
Shaw Walters, the founder, said on X that the rebranding will boost collaboration with established participants following a 300x growth in assets under management over three months, with plans for Eliza v2 underway.
Uniswap teased its forthcoming v4 in an X post, bumping the UNI token up 7%. The new version has significant enhancements to the Ethereum-based decentralized exchange protocol.
Key features include «hooks» for pool customization, allowing for dynamic fees and on-chain orders, a singleton contract to lower gas costs, flash accounting for efficient token transfers, and native ETH support.
Derivatives Positioning
The open interest-adjusted cumulative volume delta (CVD) indicator shows major cryptocurrencies, except Mantra’s OM token, have seen net selling pressure in the perpetual futures market in the past 24 hours.
WIF’s price has surged 16% alongside an uptick in open interest, while the CVD has dropped. It’s a sign of traders shorting the price rally.
Futures basis remains elevated above 10% in BTC and ETH, a sign traders are chasing the upside. Annualized one-month basis in ETH’s CME futures is slightly pricier than BTC, indicating relative attractiveness of ether for carry trades.
BTC and ETH options expiring this week and on Feb. 7 show a bias for puts. That’s probably due to pre-Fed defensive positioning and BTC struggling to do much above $100,000.
Block flows featured a short position in BTC $130,000 call expiring on March 28.
Market Movements:
BTC is up 2.21% from 4 p.m. ET Tuesday to $102,509.74 (24hrs: -0.27%%)
ETH is up 2.7% at $3,134.98 (24hrs: -1.91%)
CoinDesk 20 is up 0.47% to 3,733.87 (24hrs: +6.73%)
CESR Composite Staking Rate is down 13 bps to 3.96%
BTC funding rate is at 0.0101% (11.0454% annualized) on OKX
DXY is up 0.22% at 108.11
Gold is unchanged at $2,757.89/oz
Silver is unchanged at $30.16/oz
Nikkei 225 closed +1.02% at 39,414.78
Hang Seng closed +0.14% to 20,225.11
FTSE is up 0.32% at 8,561.24
Euro Stoxx 50 is up 0.83% at 5,238.76
DJIA closed on Tuesday +0.31% to 44,850.35
S&P 500 closed +0.92% at 6,067.70
Nasdaq closed +2.03% at 19,733.59
S&P/TSX Composite Index closed +0.52% at 25,419.45
S&P 40 Latin America closed +0.34% at 2,338.52
U.S. 10-year Treasury is down 1 bp at 4.53%
E-mini S&P 500 futures are up 0.1% at 6,103.25
E-mini Nasdaq-100 futures are up 0.39% at 21,665.50
E-mini Dow Jones Industrial Average Index futures are unchanged at 45,029.00
Bitcoin Stats:
BTC Dominance: 59.37 (-0.34%)
Ethereum to bitcoin ratio: 0.03063 (-0.86%)
Hashrate (seven-day moving average): 780 EH/s
Hashprice (spot): $58.2
Total Fees: 4.72 BTC/ $483,629
CME Futures Open Interest: 171,750 BTC
BTC priced in gold: 37.2 oz
BTC vs gold market cap: 10.58%
Technical Analysis
Bitcoin’s rally against the yen has stalled, with the MACD histogram pointing to a weakening of the upward momentum.
The BOJ raised interest rates last week to the highest in 17 years.
Crypto Equities
MicroStrategy (MSTR): closed on Tuesday at $335.93 (-3.45%), up 1.21% at $340 in pre-market.
Coinbase Global (COIN): closed at $281.82 (+1.38%), up 1.2% at $285.20 in pre-market.
Galaxy Digital Holdings (GLXY): closed at C$27.87 (+1.86%).
MARA Holdings (MARA): closed at $18.26 (-0.14%), up 0.77% at $18.40 in pre-market.
Riot Platforms (RIOT): closed at $10.95 (-4.37%), up 1.83% at $11.15 in pre-market.
Core Scientific (CORZ): closed at $11.31 (+0.27%), up 1.59% at $11.49 in pre-market.
CleanSpark (CLSK): closed at $10.05 (-2.47%), up 1.19% at $10.17 in pre-market.
CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $20.83 (+0.24%), up 1.39% at $21.12 in pre-market.
Semler Scientific (SMLR): closed at $52.30 (+3.71%), down 0.19% at $52.20 in pre-market.
Exodus Movement (EXOD): closed at $80.16 (+8.32%), down 0.2% at $80 in pre-market.
ETF Flows
ETF Flows
Spot BTC ETFs:
Daily net flow: $18 million
Cumulative net flows: $39.5 billion
Total BTC holdings ~ 1.171 million.
Spot ETH ETFs
Daily net flow: $0
Cumulative net flows: $2.67 billion
Total ETH holdings ~ 3.59 million.
Source: Farside Investors
Overnight Flows
Chart of the Day
Bitcoin’s on-chain activity has cooled significantly in the past couple of months.
The total number of transactions per second has dropped to 3.54 from highs above 10 in September-October.
While You Were Sleeping
Essential Insights to Monitor During Wednesday’s ‘No Change’ Fed Meeting (CoinDesk): The Federal Reserve is set to hold the federal funds rate steady, with Chair Jerome Powell expected to address inflation, labor market shifts and debt concerns.
Japan’s Metaplanet Plans to Buy 21,000 Bitcoin by 2026 (CoinDesk): The company aims to hold 21,000 BTC by 2026, funding purchases through a $740 million stock acquisition rights issuance. It currently owns 1,761 BTC.
Head of Czech Central Bank Wants It to Buy Billions of Euros in Bitcoin (Financial Times): Aleš Michl, governor of the Czech National Bank, will propose investing up to 7 billion euros ($7.3 billion) in bitcoin to diversify reserves. If approved, the bank would be the first Western central bank to hold BTC.
Traders Bet ECB Will Need to Deepen and Accelerate Rate Cuts (Bloomberg): Traders expect the ECB to cut rates aggressively, beginning with a quarter-point drop Thursday, followed by three more cuts to bring the deposit rate to 2% as U.S. tariff threats weaken the euro and boost bonds.
Foreign Investors Are Fleeing India’s Stock Market — but Analysts See Long-Term Potential (CNBC): Foreign investors are pulling out of Indian markets as economic growth slows, driving the Nifty 50 and Sensex into correction territory. Some analysts call the downturn a natural recalibration.
Growth Engine or Casino? Global Investors Rethink China Playbook (Reuters): Hedge funds and global portfolio managers are exiting China’s equity and bond markets as vague stimulus plans and weak growth stall the CSI 300 index, reflecting declining confidence in long-term investments.
In the Ether
Uncategorized
WazirX to Get Day in Court Next Month, With Payouts After 10 Days If Recovery Plan is Approved

WazirX, the crypto exchange hit hard by a $234.9 million hack last year, says it’s gearing up to restart operations and begin creditor payments after a key Singapore court hearing on May 13.
The exchange’s Singapore-based parent company, Zettai, has wrapped up all prep work for the hearing, where the court will decide on approving WazirX’s restructuring and user compensation plan.
“While we’ve worked to stay aligned with the previously shared timelines, court proceedings operate independently, and we respect that process. After the Scheme is sanctioned, the First Distribution and restart will follow within 10 business days from the Effective Scheme Date, as outlined earlier,” WazirX said in an X post.
A North Korean attack on WazirX last year wiped out nearly 45% of user assets from a Safe Multisig wallet, forcing the platform to halt withdrawals and file a restructuring plan to partly return assets.
Earlier this month, 93.1% of creditors — holding 94.6% of the $196 million in approved claims — backed the restructuring plan in a vote. The plan involves issuing tradable Recovery Tokens with periodic buybacks and launching a decentralized exchange.
WazirX’s WRX tokens are little-changed in the past 24 hours.
Uncategorized
Bitcoin Pops Above $88K Amid Yen Strength; ETH, ADA, XRP See Declines

Bitcoin (BTC) held steady above $88,000 early Tuesday as the Japanese yen crossed the psychological level of 140 against the U.S. dollar, as tariff concerns and risks of a Federal Reserve chairman shuffle in the states broadened the appeal of safe-haven assets.
Yen rose nearly 1% to 139.93 against the dollar, its strongest level since September. Gold surged to fresh highs at $3,494 per ounce in Asian morning hours.
Per reports, Trump is blaming the Fed for the economic fallout from the trade war if the central bank doesn’t cut rates soon — and firing the chief usurps the appearance of independence the Federal Reserve currently enjoys.
BTC added just over 1% to continue a steady rise since Sunday. Ether (ETH), Cardano’s ADA, XRP, and Solana’s SOL showed signs of profit-taking with declines of as much as 3%, CoinGecko data shows.
Kaspa’s KAS and Polygon’s POL rose as much as 9% to lead gains among mid-caps, albeit on no immediate catalysts.
Traders pointed out that gains in bitcoin amid global ongoings were cementing its place as a possible risk-off asset.
«Today’s rise is further evidence of bitcoin’s growing role as a risk-off asset,” Gerry O’Shea, Head of Global Market Insights at Hashdex, told CoinDesk in an email. “In the last five years, bitcoin has had double-digit returns in the months following major geopolitical and macro events such as the COVID pandemic, Russia’s invasion of Ukraine, and the U.S. banking crisis in 2023.”
“Gold is now trading at its nominal all-time high, which could foreshadow strong performance from bitcoin if investors’ appetite for risk-off assets increases — while global liquidity is increasing and the US regulatory environment is rapidly improving,” O’Shea added.
Surging gold prices and bitcoin’s (BTC) relatively strong price action amid a global market sell-off have some traders revisiting the latter’s role as “digital gold” — a big narrative in bitcoin’s early years but one that has lost steam in recent times.
What analysts are saying
Meanwhile, chart watchers say bitcoin crossed a key technical indicator this week that puts it in place for a higher move in the coming days.
“Bitcoin jumped to 87,500 on Monday, testing the late March highs,” Alex Kuptsikevich, the FxPro chief market analyst, told CoinDesk. “The leading cryptocurrency managed to bounce off the 50-day moving average, around which it had been hovering for the past week and a half.”
“A solid close above the $88,000 area would signal a break in the downtrend and a return to levels above the 200-day moving average. A confident move higher from current levels would be a key signal for the entire market, once again positioning BTC as the flagship set to lead the way,” Kuptsikevich added.
Moving averages in financial markets are tools used to smooth out price data over time, showing the average price of an asset (like a stock) over a specific period. The 50-day and 200-day moving averages are commonly used because they represent medium- and long-term trends, respectively.
These periods are widely followed, making them self-fulfilling as many traders act on them, reinforcing their importance.
Here’s what a machine’s read of the market is, powered by CoinDesk’s AI-driven market insights bot.
ADA Price Analysis
- ADA broke key resistance at $0.630 amid broader crypto market recovery.
- Grayscale’s spot ADA ETF filing sees approval odds jump to 61%, potentially opening doors for institutional investment.
- Clear bullish reversal starting April 21, with volume significantly increasing to over 68 million during the breakout candle.
- Fibonacci retracement levels suggest potential continuation toward $0.650.
XRP Price Analysis
- XRP established a clear uptrend with a 3.4% overall range ($2.039-$2.143) over the analyzed period.
- Strong support identified at $2.06, with buyers consistently stepping in at this level.
- Significant breakout occurred on April 21, when XRP surged 4.3% in just two hours, breaking through previous resistance at $2.09.
- Volume analysis confirms genuine buying interest, with trading activity spiking to over 100M during breakout periods.
ETH Price Analysis
- Ethereum enters historical «buy zone» according to analyst Ali Martinez, with ETH trading below the lower MVRV Price Band—a metric that has previously signaled strong buying opportunities.
- ETH currently trades in tight consolidation between $1,550-$1,630, with critical support at $1,500 and resistance at $1,700, as investors await a decisive breakout amid global economic pressures.
- Clear support level established at $1,570 with resistance at $1,650, with trading volume spiking to 490,365 during the recent selloff.
- The 48-hour price range of $1,544-$1,593 (3.1%) suggests continued market instability.
- Fibonacci retracement levels indicate potential consolidation between $1,565-$1,590 before establishing a definitive trend direction.
Uncategorized
Bitcoin, Euro Options Signal Bullishness Against Dollar Amid Equity and Bond Market Downturn

In a surprising development, options linked to bitcoin (BTC) and the euro-dollar (EUR/USD) exchange rate are indicating strength against the U.S. dollar despite a downturn in the U.S. stock market. This trend suggests the «sell America» trade is gathering pace.
Currently, bitcoin’s short- and near-dated risk reversals – which measure the demand for call options relative to put options – were slightly positive, indicating a bullish bias. The data, drawn from sources like Deribit and Amberdata, signals a recovery from the previous trend where there was a consistent preference for puts in near-dated options.
In parallel, the one-month EUR/USD risk reversal has also flipped to positive, demonstrating a favorable outlook for EUR call options, according to data tracked by Jens Nordvig, founder and CEO of Exante Data Inc.
A call option gives the buyer asymmetric upside exposure to the underlying asset, while a put option protects against price declines. Consequently, a call buyer is implicitly bullish, whereas a put buyer is bearish, seeking to hedge or profit from anticipated price drops.
The preference for BTC and EUR call options over the dollar indicates expectations for continued capital rotation away from U.S. assets, which have recently fallen out of favor with investors, and into bitcoin, the euro, and other assets such as gold. .
On Monday, the Dow Jones Industrial Average plummeted over 700 points, bringing its month-to-date decline to more than 9%. In tandem, the dollar index—reflecting the greenback’s performance against major fiat currencies, including the euro—fell to a three-year low of 98, down 10% over the past three months. Additionally, prices for longer-duration Treasury notes have dropped, resulting in the 30-year yield rising by over five basis points to 4.90%.
The concurrent sell-off in U.S. assets aligns with increasing policy uncertainty stemming from President Donald Trump’s trade war and his reported intentions to dismiss Fed Chair Jerome Powell and calls for a rethink of trading strategies.
«We are in a STRATEGIC asset allocation shift that is causing all kind of correlations to flip in a historical way. It is a time for many investors to take a step back, and think fresh,» Nordvig said on X.
On Monday, BTC rose past $88,000, with the EUR/USD climbing to 1.1575, the highest since November 2021. Gold topped the $3,400 per ounce price mark for the first time and rose to a new lifetime high of $3,495 at press time.
-
Fashion6 месяцев ago
These \’90s fashion trends are making a comeback in 2017
-
Entertainment6 месяцев ago
The final 6 \’Game of Thrones\’ episodes might feel like a full season
-
Fashion6 месяцев ago
According to Dior Couture, this taboo fashion accessory is back
-
Entertainment6 месяцев ago
The old and New Edition cast comes together to perform
-
Sports6 месяцев ago
Phillies\’ Aaron Altherr makes mind-boggling barehanded play
-
Business6 месяцев ago
Uber and Lyft are finally available in all of New York State
-
Entertainment6 месяцев ago
Disney\’s live-action Aladdin finally finds its stars
-
Sports6 месяцев ago
Steph Curry finally got the contract he deserves from the Warriors