News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
MakerDAO founder Rune Christensen said a future token named PureDai will serve as a fully decentralized alternative to Dai. PureDai will use ether and stETH as collateral and will have a free-floating peg. Dai holders will have the option to upgrade to PureDai once it becomes available, which is expected in a few years.
BTC’s value soared by $5K in a matter of hours, SHIB was predicted to launch a bull run, while PEPE hit a new ATH.
QCP Capital expects the bitcoin price to return to $74,000 after the latest CPI print saw risk assets surge.
BTC price action has its doubters after swiftly jumping to new May highs, but some see Bitcoin continuing upward momentum into price discovery.
The Chicago Mercantile Exchange (CME) Group is considering launching bitcoin spot trading, according to a report.Discussions have been ongoing with traders, though the plan for spot trading rollout has not been finalized.
- 00:39Standard Chartered: The yield on US Treasury bonds is still below 4.50%, Bitcoin is expected to break new highs in FebruaryOdaily Planet Daily reports that Geoff Kendrick of Standard Chartered Bank and Matt Mena of 21Shares believe that the current market conditions are favorable for Bitcoin, given that the yield on 10-year U.S. Treasury bonds is still below 4.50%. Kendrick stated that if yields remain at these levels throughout the weekend, Bitcoin could break through $102,500 and potentially reach a new historical high above $108,000 in February. Kendrick said: "Although today's U.S. employment data details are very clear, so far, the yield on 10-year U.S. Treasury bonds has not been able to break above 4.50%, which is very constructive for digital assets. The yield isn't higher but economic conditions are still good; it's a golden period for digital asset development."
- 00:37Overview of Key Overnight Developments on February 821:00-7:00 Keywords: Maryland, OpenAI, Non-farm Employment, BlackRock Ethereum ETF 1. The state of Maryland, USA, plans to establish a strategic Bitcoin reserve; 2. Trump plans to announce a reciprocal tariff policy as early as Friday; 3. SoftBank is currently set to invest $40 billion in OpenAI; 4. U.S. non-farm employment increased by 143,000 in January, below expectations; 5. Interest rate futures traders expect the Federal Reserve to make the next rate cut in May; 6. The U.S. SEC has postponed the decision on BlackRock's Ethereum ETF options trading to April 9.
- 00:36Yesterday, ARKB had a net inflow of 59 million US dollars, and BITB had a net inflow of 10.5 million US dollarsGolden Finance reports, according to data monitored by Farside Investors, the fund data for US spot Bitcoin ETF and spot Ethereum ETF yesterday (February 7) is as follows: Spot Bitcoin ETF: ARKB net inflow of $59 million, BITB net inflow of $10.5 million; Spot Ethereum ETF: ETHW, CETH, ETHE, ETH had no funds flowing in or out.