reza21 🎩

@reza21

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Nic Carter, a partner at Castle Island Ventures, has declared that the era of meme coins is over after the $4 billion Libra scandal. He noted that insiders in the market will soon face legal consequences, stressing that the records of suspicious transactions on the blockchain are irretrievable. Carter said that meme coins were initially introduced as a level playing field for retail investors, pointing to the Libra coin, which reached a value of $4 billion in minutes, showing that the market was engineered to benefit its operators. Ki Young Ju, CEO of CryptoQuant, also predicted that the meme coin market would enter a period of disillusionment.

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Max Stuedlein, head of digital solutions at Swiss bank Sygnum, criticized the limitations of cryptocurrency exchange-traded funds (ETFs) at the Consensus Hong Kong conference. He said that limited trading hours, reduced liquidity and the loss of 24/7 access to trading, which are the main attractive features of cryptocurrencies, are among the disadvantages of these funds. This is while Bitcoin (BTC) and Ethereum (ETH) ETFs have attracted $110 billion and $10.37 billion in capital, respectively. Stuedlein stressed that instead of trying to incorporate digital assets into traditional structures, it is necessary to focus on the core benefits of these assets.

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Google’s Web3 expert, Kyle Song, announced at the Bitcoin Tech Carnival conference in Hong Kong that the company is working with Bitcoin (BTC) developers to simplify Web2 users’ access to digital assets. Google plans to make using Bitcoin wallets as easy as traditional payment systems, he said, so that users can log in to Bitcoin wallets with their Google accounts. The company has been involved in the cryptocurrency space since 2018, taking steps such as integrating blockchain tools into Google Cloud and partnering with exchange Coinbase to accept cryptocurrency payments.

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According to data from SoSoValue, 12 Bitcoin spot exchange-traded funds (ETFs) saw net outflows of $585.65 million in the week ending February 14, snapping a six-week streak of inflows of more than $5 billion. The week began with an outflow of $186.28 million on February 10 and continued over the next three trading days. However, the funds ended the week with net inflows of $66.19 million. Fidelity’s FBTC fund saw the most inflows with $94.04 million. BlackRock’s IBIT fund came in second with $22.26 million. Grayscale’s GBTC fund also saw outflows of $46.95 million. Ethereum ETFs also saw weekly outflows of $26.26 million.

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Ark Invest’s Big Ideas 2025 report predicts that Bitcoin will hit $1.5 million by 2030. The prediction is based on increasing institutional adoption, robust market demand, and Bitcoin’s growing role as “digital gold.” The report outlines three Bitcoin scenarios: a conservative $300,000, a base $710,000, and an optimistic $1.5 million price. Ark points to Bitcoin’s resistance to a major sell-off in 2024, indicating strong demand. In addition, the value of Bitcoin on corporate balance sheets has increased from $11 billion in 2023 to $55 billion in 2024. The introduction of Bitcoin spot ETFs in the US was also a historic milestone, attracting more than $4 billion on its first day of trading. Ark also expects Bitcoin’s long-term value to increase, given the 2024 halving, which will further limit supply.

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Cryptocurrency analyst and trader Michaël van de Poppe has outlined two possible paths for Bitcoin and altcoins in the coming months. In the first scenario, he predicts that the cryptocurrency market will follow a four-year cycle, with Bitcoin hitting a new all-time high in Q4 2025 and altcoins surging in Q1 2026. In the second scenario, van de Poppe believes that Bitcoin and altcoins will see further growth, along with rising stock prices, all influenced by President Trump’s policies. He predicts that in this case, Bitcoin could reach $1 million and altcoins could experience irrational valuations. However, the analyst warns that after this period, a trend reversal and possibly the biggest correction or crisis in the market will occur.

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With over 19.96 million Bitcoins (BTC) mined, 95% of the cryptocurrency’s total supply has now been mined. Since the November 2024 US presidential election, the supply of Bitcoin on exchanges has fallen by 15%, with the amount of Bitcoin outside exchanges rising from 17.99 million to 18.3 million, according to data from Santiment. Matthew Sigel, director of digital asset research at VanEck, predicts that as Bitcoin storage schemes roll out in 20 US states, demand will be created for $23 billion (247,000 BTC).

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Britain’s Channel 4 is set to air a new documentary about Satoshi Nakamoto, the mysterious creator of Bitcoin (BTC). The documentary, titled Seeking Satoshi: The Mystery Bitcoin Creator, will be released on YouTube in five 20-minute episodes starting February 17 and will be broadcast as a feature-length film in early March. According to executive producer Will Anderson, the documentary has evolved from a simple search to find Nakamoto’s identity to an exploration of a possible conspiracy by a group of Silicon Valley powerhouses to undermine democracy. The documentary follows a controversial HBO show that previously named Bitcoin developer Peter Todd as the creator of the digital currency.

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A new report from Breez suggests that Bitcoin is returning to its original role as “digital money.” The Lightning Network, which offers faster and cheaper transactions, is at the heart of this transformation. More than 650 million people around the world now have access to Bitcoin, including users of centralized exchanges like Coinbase and Binance, as well as peer-to-peer (P2P) platforms. The report says that in developing countries with high inflation, Bitcoin is shining as a digital currency. For example, the Pick n Pay chain in Africa uses Lightning to process Bitcoin payments. The report also argues that Bitcoin has advantages over stablecoins because it is decentralized and its value is determined by global consensus. However, most Bitcoin holders still hold it more for investment than spending.

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In a post on Platform X, renowned cryptocurrency analyst Michaël van de Poppe predicted that Bitcoin will likely reach an all-time high in the next 2-3 weeks. He is bullish on Bitcoin’s bullish trend, comparing it to gold’s strong performance. Gold recently broke its previous record in late January and is now trading above $2,900 per ounce. This would be the seventh consecutive week of gains for gold. Despite the historical correlation between the two assets, Bitcoin has been relatively stable recently and has entered an accumulation phase. Another analyst, Daink, noted that while gold is moving towards new highs, Bitcoin has yet to follow suit. However, he believes that Bitcoin usually catches up to gold after such breakouts, meaning Bitcoin may soon be ready to catch up.

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A veteran cryptocurrency trader who goes by the pseudonym Ash Crypto has claimed that the Chinese government plans to lift its ban on Bitcoin (BTC) and other cryptocurrencies by the end of 2025. While the claim has been widely welcomed by cryptocurrency activists, no credible evidence has been provided to support it. Forbes analysts have stated in a report that given the strict stances of the People’s Bank of China and other regulators, the possibility of the ban being lifted is very low at least until the end of Xi Jinping’s term in office in 2029.

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Tether CEO Paolo Ardoino has predicted that quantum computers will be able to hack inactive Bitcoin wallets in the future and return them to circulation. “Every Bitcoin in the lost wallets, including Satoshi’s holdings (if not alive), will be hacked and returned to circulation,” he wrote in a post on the social network X on February 8. However, he stressed that this will happen in the distant future. Lost wallets are more vulnerable due to the lack of an active owner, while users can move their assets to quantum-resistant addresses. Some analysts have warned that the market could be severely affected if Satoshi’s bitcoins are recovered.

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Fred Thiel, CEO of Bitcoin mining company Marathon Digital, said in an interview with CNBC that Bitcoin could reach $150,000 to $200,000 by the end of the year. He cited high demand from retail and institutional investors, saying that whenever there is a major sell-off, buyers come in and keep the price between $95,000 and $100,000. Thiel cited factors driving the price increase as a more favorable regulatory environment and the acceptance of Bitcoin by private and government entities. He also cited a cap on the supply of Bitcoin and the possibility of governments creating strategic reserves of Bitcoin, which could further drive the price higher.

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Bitcoin and Ethereum options worth $3.1 billion are set to expire today ahead of the US jobs report. According to data from trading platform Deribit, 26,000 Bitcoin options worth $2.5 billion and 204,376 Ethereum options worth $557.04 million are set to expire. The put-to-call ratio for Bitcoin is 0.58 and for Ethereum is 0.46, indicating bullish expectations among traders. Analysts expect the cryptocurrency market to experience significant volatility amid macroeconomic uncertainties and the release of the January US employment and unemployment data.

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Popular streamers Adin Ross and Faze Clan CEO Faze Banks are planning to launch a custom cryptocurrency-based server with the release of GTA 6. According to Ross, the server will feature an in-game economy powered by a new token. However, the project could face problems from the start. Rockstar Games, the developer of the GTA series, banned the use of cryptocurrencies and NFTs on its private servers in 2022. The move led to the closure of several crypto-based servers, including rapper Lil Durk’s server. Despite rumors that Bitcoin might be accepted in GTA 6, Rockstar has not yet taken an official position on the matter. Therefore, the future of the crypto server remains uncertain.

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Bitcoin ETFs in the US have seen a return to inflows after Donald Trump agreed to suspend tariffs on Canada and Mexico for a month. According to data from Farside Investors, 12 Bitcoin ETFs saw net inflows of $340.7 million on February 4, 2025. This is compared to $234.4 million in outflows the day before. BlackRock’s IBIT fund saw the largest inflows with $249 million, followed by ARKB with $56.1 million. Meanwhile, Bitcoin’s price temporarily returned to the key $100,000 level.

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In January 2025, 89 old Bitcoin (BTC) wallets that had been inactive from 2011 to 2017 were activated, moving a total of 3,422 Bitcoins worth $348 million. The largest volume of transfers came from 2017 wallets, with 20 unique addresses transferring 1,224 Bitcoins to newer wallets. One of the most notable transactions was a transfer of 396 Bitcoins from a wallet created on June 14, 2017. This large movement in old wallets could indicate a change in strategy by long-term holders or a potential sell-off.

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Cryptocurrencies fell early Tuesday after China announced retaliatory measures against the United States, including an investigation into Google and new tariffs on American goods. Bitcoin fell 2.5 percent to $99,500 following China’s new retaliatory tariffs on the United States. China responded to the Trump administration’s 10 percent tariffs by imposing 15 percent tariffs on U.S. coal and liquefied natural gas, and 10 percent tariffs on crude oil, agricultural machinery and heavy vehicles. The move came after Bitcoin’s price rebounded significantly from $92,000 to more than $102,000 the previous day. The Nasdaq Composite Index also fell 0.6 percent.

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Elliott Ventures has warned investors about Donald Trump’s support for cryptocurrencies, calling it dangerous, according to the Financial Times. The $70 billion fund believes cryptocurrencies lack intrinsic value and their inevitable collapse could damage financial markets in unforeseen ways. The warning comes after Trump recently signed an executive order to strengthen US leadership in digital financial technology, which supports the responsible growth of digital assets and blockchain technology.

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New statistics show that the number of unconfirmed transactions on the Bitcoin (BTC) network has fallen from more than 200,000 in the first week of January to 7,723. This is the lowest level since 2022. Transaction activity on the Bitcoin blockchain has been steadily declining since November 19, 2024, when miners processed about 810,805 transactions, reaching 328,684 transactions yesterday. This decrease in activity has led to a significant drop in network fees, with users currently paying just $0.29 per transaction. This is not very favorable for miners, who are facing a decline in revenue after the fourth halving in April 2024.

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