Bitcoin's volatility remains high, with a break above $97,000 suggesting a potential breakout
Market overview
- Bitcoin remains highly volatile, holding above $97,000 (MA140) could strengthen bullish expectations; dropping below $95,000 may signal further corrections.
- Bitcoin dominance: 60.67%; a sustained altcoin recovery hinges on BTC dominance dropping below 60% and TOTAL3 surpassing $1T.
Key events
- Story Protocol has opened staking for tokenized IP assets on its L1 blockchain.
- AI16Z, an AI-driven investment firm, has unveiled a roadmap for ElizaOS, emphasizing autonomy, modularity, decentralization, and open collaboration.
- Pump.fun, a Solana-based token launchpad, has launched its mobile app.
- MyShell, an AI consumption layer, announced major updates, including ShellAgent protocol, IM integration, and on-chain intelligence.
- BNB Chain gas fees surged 400% over the past week, reaching $15 million.
- Token Unlocks: FTN, QAI, and MRS are set for unlocks totaling $371.6M this week.
- Ethereum L2 Linea has introduced Toad, an AI-powered flagship IP project airdropping to MetaMask users and LXP holders.
- Lumoz, a modular AI computing network, has deployed DeepSeekās open-source model.
Hot projects
BTC ecosystem overview
- BTC Mainnet & Fractal Bitcoin Gas Fees remain at 1 sat/byte (low activity) ā”.
- Leading Inscription & Rune Tokens:
- ORDI: $12.47 (+3.20%)
- DOG: $0.0029 (-1.44%)
- FB: $1.15 (-0.33%)
Exchange updates
- WOO X has launched the B3/USDT perpetual contract with up to 10x leverage.
- Coinbase has added Morpho (MORPHO) and Pyth Network (PYTH) to its listing roadmap.
- Bybit has listed the BROCCOLI/USDT perpetual contract (25x leverage) and was removed from Franceās AMF blacklist, shifting focus toward obtaining a MiCA license for EU operations.
- Bitget has introduced an FTX Creditors Exclusive Subsidy Event, secured a VASP license in Bulgaria, listed CZās DOG (BROCCOLI) in its Innovation and Meme Zone, and expanded BGB token staking via Morph on-chain staking.
Industry Landscape
- Gaorong Capital has invested $30 million in Hong Kong-based HashKey Group.
- Texas will hold its first public hearing on establishing a Bitcoin reserve on February 18.
- Chinaās disciplinary watchdog highlighted a case involving virtual currency misuse, emphasizing the need for stronger financial tech supervision.
- Hong Kongās SFC held its first Virtual Asset Advisory Group meeting, aiming to create a crypto development roadmap.
Emerging projects
Disclaimer
The development and market cap ofĀ stablecoins mentioned in the above content are speculative and based on market analysis at the time of writing and should not be interpreted as guaranteed outcomes. Market conditions can fluctuate widely and unpredictably due to numerous factors such as regulatory changes, market demand, and global economic developments.Ā
The information provided in this article is for general informational purposes only and does not constitute financial, investment, legal, or professional advice of any kind. While we have made every effort to ensure that the information contained herein is accurate and up-to-date, we make no guarantees as to its completeness or accuracy. The content is based on information available during writing and may be subject to change.
Please note that this article includes references to third-party websites and dataĀ provided solely for convenience and informational purposes. We do not endorse or assume any responsibility for the content, accuracy, or reliability of any information, products, or services offered by third parties.
Cryptocurrencies involve significant risk and are NOT suitable for the majority of investors. The value of digital currencies can be extremely volatile, and you should carefully consider your investment objectives, level of experience, and risk appetite before participating in any staking or investment activities.
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