🚀 Senator Tim Scott Advocates for Crypto-Friendly Policies Amid SEC Leadership Change

💬 U.S. Senator Tim Scott (R-S.C.) has pledged to reverse the crypto policies of SEC Chair Gary Gensler, expressing support for Paul Atkins' nomination to a key financial regulatory position. In a statement on social media platform X, Scott criticized Gensler's approach, stating,

Paul Atkins’ extensive experience in financial regulation will be critical to reversing the harm Chair Gary Gensler has done to our capital markets and U.S. economy.

He added,

I look forward to working with my colleagues to quickly consider his nomination.

🗳 Atkins, a former SEC commissioner and cryptocurrency advocate, was nominated by President-elect Donald Trump to lead the SEC. Serving from 2002 to 2008, Atkins is known for his support of financial innovation and preference for lighter regulation. His nomination suggests a shift in the SEC's stance on cryptocurrencies, moving away from Gensler's strict enforcement. This change has been welcomed by crypto advocates who anticipate a more favorable regulatory landscape.

🌐 Scott has been a vocal proponent of cryptocurrency and has consistently advocated for policies that promote blockchain development in the U.S. He emphasized his commitment to creating a regulatory framework that prioritizes innovation, stating in December 2024,

Crypto has the potential to democratize the financial world. I look forward to working with President Trump, David Sacks, and my colleagues in Congress to develop a regulatory framework for digital assets that encourages innovation here in the United States, not overseas.

👥 Trump appointed David Sacks, a venture capitalist, as the White House’s first AI and cryptocurrency czar, signaling the administration's crypto-friendly agenda. This appointment represents a significant shift from Gensler’s stricter policies, which Sacks has criticized for stifling innovation and driving progress abroad.

📉 Gensler's tenure has been marked by increased scrutiny of the crypto sector, making him unpopular within the industry. During the Bitcoin 2024 conference in July, Scott remarked,

The Biden administration wants to impose a 30% tax on bitcoin mining. And SEC Chair Gary Gensler has shown hostility to the industry at every turn. We need a regulatory environment that encourages innovation here at home, not overseas.

He also highlighted Bitcoin's societal potential, stating,

Bitcoin is about bringing resources back into the communities that need it most and giving all Americans a chance.

Sacks’ advocacy underscores a push to position the U.S. as a leader in blockchain technology and financial innovation.

💰 Resurgence of Dormant Bitcoins: A $71 Million Awakening

📈 In the first 12 days of 2025, approximately 756.204 dormant bitcoins (BTC), valued at $71.8 million, have reentered circulation after years of inactivity. This revival occurs while bitcoin is trading 12% below its peak of $108,364, reached on December 17, 2024.

🗓 This month has seen the awakening of bitcoins from wallets established between 2011 and 2017, marking their first activity since their inception. According to btcparser, around 30 unique Pay to Public Key Hash (P2PKH) addresses facilitated this movement. Notably, no wallets from 2009 or 2010 have transacted this January. However, two wallets from 2011 transferred 35 BTC, and three wallets from 2012 moved approximately 69 BTC.

🔍 Of the 756.204 BTC that reactivated, 199.99 BTC came from two transactions originating in 2017, both executed on January 12, 2025. Evidence suggests that the same individual likely controlled both wallets. The first transaction involved a wallet created on March 23, 2017, which moved 100 BTC. Shortly after, 99.99 BTC was transferred from another wallet established on the same date. These transactions exhibited limited privacy due to identifiable matched addresses.

📊 This year alone, 421.793 BTC has been spent from dormant 2017 addresses. The second-highest volume of awakened BTC originated from 2015 P2PKH wallets, with four transactions moving 92.46 BTC. Additionally, three wallets from 2013 accounted for 16.001 BTC, four wallets from 2014 transferred 79.98 BTC, and three addresses from 2016 moved 41.97 BTC.

🔄 The reactivation of dormant bitcoin wallets reveals an intriguing pattern of long-held assets reentering circulation. These movements suggest a deliberate strategy, possibly tied to market conditions or personal milestones. This highlights the nuanced relationship between historical bitcoin ownership and contemporary blockchain activity.

📈 Cryptocurrency's Rising Popularity Among Americans

📊 A recent survey conducted by Chainplay and Storible reveals a significant increase in cryptocurrency ownership among Americans, with 68% now holding digital assets. The survey highlights a shift in financial strategies, as 52% of respondents have sold traditional investments like stocks and gold to invest in bitcoin. Additionally, 20% of U.S. residents allocate over 30% of their investment funds to cryptocurrencies.

💼 This growing interest in digital assets coincides with anticipated changes in U.S. policy under President Elect Donald Trump's second administration. Since his re-election, Trump has appointed pro-crypto individuals to key cabinet positions, which is believed to have contributed to bitcoin's recent surge to an all-time high. The survey indicates a spike in cryptocurrency adoption following November 5, 2024, aligning with these political developments.

A major catalyst for this surge was President Trump’s election, which encouraged 38% of Americans to increase their investments in crypto. Among those who increased their portfolios following these events, 84% are first-time buyers, showing that political milestones are effectively attracting a new wave of crypto investors

the survey report said.

👨‍👩‍👧‍👦 Furthermore, 64% of crypto-owning Americans have recommended cryptocurrencies to family members. Looking ahead, 60% of respondents expect to double their crypto holdings by 2025, and 77% plan to purchase more cryptocurrencies in the same year. This indicates a strong trend towards increased adoption of digital assets.

🐶 The survey also reveals a high appetite for memecoins among American investors, with 51% allocating more than 30% of their crypto portfolios to these assets. Overall, the findings suggest that cryptocurrencies are becoming an integral part of Americans' investment portfolios.

💰 Friday's Crypto ETF Surge: A Shift in Institutional Engagement

📈 Friday's trading session witnessed a significant influx of $979.22 million into 10 of the 12 spot bitcoin exchange-traded funds (ETFs), while spot ethereum ETFs attracted $23.87 million. This marks a notable shift in institutional interest towards digital assets.

In the bitcoin ETF domain, Blackrock’s IBIT emerged as the dominant recipient, attracting $375.92 million in capital allocations.

Fidelity’s FBTC followed with an impressive addition of $326.26 million. Bitwise’s BITB garnered $208.07 million, while Grayscale’s Bitcoin Mini Trust secured $21.82 million in inflows. Grayscale’s primary GBTC fund recorded an additional $20.76 million in inflows.

💵 Approximately $5.44 billion in trades were executed across the spot bitcoin ETFs on Friday, with the combined holdings of these 12 funds now reaching $120.95 billion in bitcoin reserves—representing 5.84% of the cryptocurrency’s total market capitalization.

The influx of capital into both bitcoin and ethereum ETFs underscores a deepening interest from institutional players,

further embedding these vehicles as pivotal conduits between traditional finance and the burgeoning cryptocurrency sector. The accumulation of reserves not only signifies confidence in digital assets but also highlights their growing integration into mainstream financial portfolios.

🚀 Solana's Record-Breaking Surge: A New High Amid Market Dynamics

📈 On January 19, Solana (SOL) reached an all-time high of $293 per coin, marking a remarkable 42% increase since the start of the month. As of 12:30 p.m. ET, the price adjusted to $266.90, with the recent surge attributed to the launch of Donald Trump’s meme coin, TRUMP.

💰 Onchain data from Solanafloor reveals that the TRUMP team wallet has been actively purchasing SOL using liquidity fees from Meteora’s pools, totaling millions in acquisitions. This activity coincided with a significant $31.60 billion in global trading volume for SOL over the past 24 hours.

📊 Over the past year, Solana's value has skyrocketed by 187%, recovering impressively from the aftermath of the FTX collapse. During that period, FTX's estate sold large amounts of SOL at much lower prices—25–30 million tokens at $64 each and a final tranche at $102—well below the current market rate.

🔮 Looking ahead, a significant token unlock is scheduled for March 1, 2025, when 112 million SOL tokens (about 23% of the total supply) will be released into circulation. This event raises important questions about potential liquidity pressures and investor sentiment.

⚖️ Solana's journey reflects a complex interplay of market dynamics, innovation, and strategic maneuvers. While the cryptocurrency has shown resilience and growth, the upcoming token unlock will be a critical test of its stability and position in the rapidly changing crypto landscape.

💰 Stablecoins and Their Impact on U.S. Debt by 2025

📈 According to a recent analysis by OKG Research, stablecoins like USDT and USDC are projected to significantly boost the demand for U.S. debt by 2025. The market value of stablecoins is expected to exceed $400 billion, driven by advancements in U.S. crypto legislation and increased global usage.

💵 This surge in stablecoin value could lead to a corresponding rise in U.S. debt value, potentially surpassing $100 billion. The stablecoin market may rank among the top ten global holders of U.S. debt. If the cryptocurrency industry continues its growth trajectory, stablecoins could become a crucial "invisible pillar" of the U.S. debt market. Their direct demand for U.S. debt is anticipated to outstrip the indirect returns from bitcoin's strategic reserves.

🛡 U.S. debt, known for its safety, is gaining importance in the crypto market. Currently, stablecoins represent nearly 50% of on-chain activities, with most popular stablecoins using U.S. debt as primary collateral. The issuance methods of leading stablecoins, USDC and USDT, require a 1:1 backing of high-quality assets, prominently featuring U.S. debt. As of now, USDC has mortgaged over $40 billion and USDT has over $100 billion in U.S. dollar debt.

🚨 Breaking: 📜 Ripple Expands US Footprint with New Licenses in New York and Texas 🇺🇸

Ripple gains Money Transmitter Licenses in New York, Texas, enhancing its U.S. payment solutions and regulatory compliance.

👉 Read more

📉 Robert Kiyosaki Predicts Major Stock Market Crash in February 2025 Will Propel Bitcoin Prices

🔮 Robert Kiyosaki, the author of Rich Dad Poor Dad, has made a bold prediction regarding the stock market and cryptocurrency. He claims that February 2025 will witness the largest stock market crash in history, which he believes will lead to a significant surge in Bitcoin prices. Kiyosaki shared his forecast on January 27 through social media, emphasizing the urgency for investors to purchase Bitcoin before its value skyrockets.

📅 Kiyosaki referenced his 2013 book, Rich Dad’s Prophecy, where he warned about an impending major stock market crash. He stated,

That crash will be in February 2025.

He added that during a crash, everything goes on sale, including cars and houses. More importantly, he predicted that billions will shift from the stock and bond markets into Bitcoin. He urged investors to

Get out of fake [money] and into crypto, as well as gold and silver.

⚠️ The author has a history of warning about significant market downturns. Earlier this month, he linked the current market decline to decisions made during the 2008 financial crisis. He criticized past leaders for prioritizing bankers' bonuses over the well-being of millions who lost their homes and savings. Looking ahead to 2025, Kiyosaki anticipates crashes not only in the stock market but also in the car, housing, retail, and wine markets due to rising global tensions.

📈 Despite his cautionary outlook on traditional markets, Kiyosaki remains optimistic about Bitcoin. He recently predicted that Bitcoin could reach $250,000 by 2025 and expressed his intention to buy more BTC. Analysts suggest that Bitcoin's recent price increase is driven by institutional interest in spot exchange-traded funds (ETFs) and expectations of favorable cryptocurrency policies under President Donald Trump.

🇳🇴 Norwegian Pension Fund Boosts Bitcoin Exposure by 153%

📈 The $1.8 trillion Norwegian Government Pension Fund Global (GPFG) significantly increased its indirect bitcoin (BTC) exposure by 153% in 2024, as reported by crypto research firm K33 Research. Managed by Norges Bank Investment Management (NBIM), a division of Norway's central bank, GPFG is the largest sovereign wealth fund globally, investing in nearly 9,000 companies.

📊 At the end of 2023, the fund's indirect bitcoin exposure was 1,507 BTC, which surged to 3,821 BTC by the end of 2024. This increase translates to a dramatic rise in U.S. dollars from $64 million to $357 million due to bitcoin's price appreciation during the same period.

“This exposure likely derives from rule-based sector weighting rather than a deliberate choice to prioritize BTC exposure,”

said Vetle Lunde, head of research at K33. He added,

The growth is a testament to the market maturing, and BTC ending up in any well-diversified portfolio, intended or not.

💼 The fund holds stakes in at least eleven companies with bitcoin holdings, most notably a $500 million position in Microstrategy stock, which represents approximately 1,200 BTC or 31% of GPFG’s total indirect bitcoin exposure. Other contributors include bitcoin mining companies Riot Platforms and Marathon Digital Holdings, as well as cryptocurrency exchange Coinbase.

“Thanks to corporate BTC treasury strategies, the Norwegian indirect sat per capita exposure stood at 68,837 sats ($64) by the end of 2024,”

Lunde stated.

🇮🇳 India Reassesses Cryptocurrency Regulations Amid Global Shifts

🔄 India is reevaluating its cryptocurrency regulations as global policies evolve. Economic Affairs Secretary Ajay Seth noted that

more than one or two jurisdictions have changed their stance towards cryptocurrency

, indicating that India is reconsidering its regulatory framework in light of these shifts.

🇺🇸 Changes in U.S. crypto policy, particularly under President Donald Trump, have influenced India's reassessment. Trump's support for digital assets contrasts with the Biden administration's approach. Recent regulatory changes in the U.S., including the departure of strict SEC Chair Gary Gensler and the appointment of pro-crypto officials, suggest a potentially more favorable environment for cryptocurrencies.

💰 Discussions in the U.S. about recognizing bitcoin as a strategic reserve asset further highlight a global trend towards integrating bitcoin into national economic frameworks. Several states have proposed legislation to classify bitcoin in this way, potentially enhancing its role in financial security.

⏳ Uncertainty remains regarding India's regulatory approach to digital assets. The government had planned to release a discussion paper on cryptocurrencies in September 2024, but this timeline is now in doubt due to the ongoing reassessment. India currently imposes a 30% tax on crypto transaction gains and a 1% tax deducted at source (TDS), policies that many argue hinder innovation and market activity.

How Much Are Crypto Exchanges Really Worth?

The valuation of cryptocurrency exchanges like Binance, Kraken, and others is gaining attention in global media. A new approach has been introduced to estimate their market worth—not just based on trading volumes but through a broader set of key metrics.

This method considers six important factors:

🔍 Transparency – How openly exchanges share information about their operations.
📊 Activity – User engagement and trading volumes.
💰 Capital – Financial strength and available reserves.
🛡 Security – Measures in place to protect users and funds.
✅ Compliance – Adherence to regulatory standards.
📈 Proof of Reserves – Verification of solvency and financial backing.

By analyzing these elements, the formula offers a structured way to assess exchanges beyond surface-level figures. While not a definitive valuation model, it provides useful insights into how different platforms operate and manage risks in the crypto space.

Read more in the article 👉 https://coincodex.com/article/58281/unveiling-the-metrics-understanding-the-market-value-of-leading-crypto-exchanges/

💰 Bitcoin and Ether ETFs Attract Investor Interest

📈 Bitcoin and ether exchange-traded funds (ETFs) have been gaining traction among investors. On February 5, bitcoin ETFs recorded a net inflow of $66.37 million, while ether spot ETFs extended their positive streak with an addition of $18.11 million. This marks the fifth consecutive day of inflows for Ethereum-based ETFs, according to data from Sosovalue.

🔝 Leading the way for bitcoin ETFs was Blackrock’s IBIT, which secured $44.35 million in new investments, bringing its total net assets to over $57.12 billion. Wisdomtree’s BTCW also saw a significant inflow of $11.38 million after a period of inactivity, while Fidelity’s FBTC added $10.65 million. Other bitcoin ETFs remained stable without any major changes.

📊 Ether ETFs continued to perform well as well. Fidelity’s FETH experienced the highest inflow at $20.06 million, increasing its net assets to $1.26 billion. Grayscale’s ETH added $5.21 million, but Grayscale’s ETHE faced an outflow of $7.16 million.

💪 Overall, the steady inflows into bitcoin ETFs and the five-day streak for ether ETFs indicate a positive investor sentiment towards crypto-based financial products. In February alone, bitcoin ETFs have netted $172.66 million while ether ETFs have accumulated $409.42 million, with a current preference for ether ETFs among investors.

🔮 The continuation of this trend will depend on various factors including market conditions, macroeconomic influences, and institutional interest in crypto investment vehicles.

💰 Bitcoin: The Smarter Investment Choice, According to Robert Kiyosaki

👨‍🏫 Financial educator Robert Kiyosaki, author of the best-selling book “Rich Dad Poor Dad,” asserts that bitcoin is a “smarter and safer” investment compared to the U.S. dollar. He predicts that a looming market crash will drive billions into BTC.

📅 On February 7, Kiyosaki shared on social media his recent purchases of bitcoin and gold, stating,

owning gold and bitcoin is smarter and safer than saving dollars.

He has consistently criticized fiat currencies, particularly the U.S. dollar, which he believes is devalued by excessive money printing. He regards bitcoin, gold, and silver as “good money” that preserves wealth, in contrast to “bad money” like the dollar.

📈 Last month, Kiyosaki reiterated his optimistic outlook for bitcoin, forecasting it will reach $250,000 by 2025. He attributes his confidence to the asset's increasing institutional adoption and the rise of spot bitcoin ETFs. He also mentioned the potential impact of pro-crypto policies under President Donald Trump’s administration.

💡 Kiyosaki encourages people to invest in bitcoin even in small amounts, stating,

All you have to do is buy one satoshi and hodl. The only people who cannot get rich with bitcoin are stupid.

He believes that as the dollar declines, bitcoin’s value will rise.

📉 In a post on January 25, Kiyosaki referenced Gresham’s law, which states that bad money drives good money into hiding. He argues that inflation and economic instability are accelerating the adoption of bitcoin. He insists that gold, silver, and bitcoin will push the U.S. dollar into retreat. With predictions of economic turmoil ahead, he continues to invest in BTC and urges others to do the same before prices soar.

🛑 Jerome Powell Confirms No Central Bank Digital Currency for the U.S.

🗣 Federal Reserve Chair Jerome Powell has affirmed that the U.S. will not pursue a central bank digital currency (CBDC), supporting legislative efforts and an executive order that block its development. During a Senate Banking Committee hearing on February 11, Senator Bernie Moreno expressed concerns about resembling China's approach to digital currency and asked Powell for his commitment against a CBDC. Powell responded succinctly,

Yes.

📜 This statement aligns with actions taken by lawmakers and former President Donald Trump, who signed an executive order on January 23, 2025, prohibiting federal agencies from developing or promoting a CBDC. The order marked a shift from earlier discussions about a digital dollar and emphasized the administration's support for digital assets and blockchain technology while warning of potential risks a CBDC could pose to financial stability and individual privacy.

🚫 Legislation has also been introduced to prevent the advancement of a CBDC. The No CBDC Act, proposed in both the House and Senate, aims to prohibit the Federal Reserve from issuing a digital currency without direct congressional approval. Proponents of the bill argue that government-backed digital money could compromise financial privacy and increase federal oversight of personal transactions.

📉 Powell has consistently stated that the Federal Reserve is not close to launching a digital dollar. He has reiterated that any decision regarding a CBDC would require explicit congressional authorization and broad public support. While the Fed has been examining the potential impacts of such a currency, no formal steps have been taken towards its implementation.

⚠️ Critics of CBDCs highlight concerns about government overreach, often citing China's digital yuan as a cautionary example. They argue that China's use of its CBDC to monitor and control consumer spending threatens financial autonomy. Congressman Tom Emmer, who sponsors the Anti-Surveillance State Act, warned that a U.S. CBDC could

give the federal government the ability to monitor and control individual Americans’ spending habits.

🌍 Meanwhile, global interest in CBDC development continues to grow. A report from the Atlantic Council revealed that 134 countries, representing 98% of the global economy, are researching digital currencies. Among these, 66 are in advanced stages, including pilot programs or full-scale rollouts. China is expanding its digital yuan trials, the European Central Bank is progressing with its multi-year digital euro initiative, and other nations like India, Brazil, and Russia are also making significant strides in CBDC implementation.

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🪙 El Salvador's Bitcoin Law: A Complex Shift in Legal Status

⚖️ Recent changes to El Salvador's Bitcoin Law have sparked debate over bitcoin's status as legal tender. Samson Mow, CEO of JAN3, clarified the situation on social media, stating,

It’s complicated, but the short answer is: Bitcoin both is and isn’t legal tender.

The revisions maintain bitcoin's recognition as legal tender but remove its designation as currency, making its use optional rather than mandatory.

🔍 Mow explained that the law now defines bitcoin as legal tender while omitting the term currency, which means its use is voluntary. He noted,

It leaves bitcoin defined as legal tender while removing the word ‘currency’ and makes bitcoin optional/voluntary.

Although the government’s authority over bitcoin is now limited to managing reserves, transactions in bitcoin remain exempt from capital gains taxes.

📜 To ensure accurate interpretation, Mow's team translated the legal amendments to preserve their meaning. He pointed out that these changes align with International Monetary Fund (IMF) requirements, allowing El Salvador to comply with external agreements while keeping bitcoin legally recognized. Mow remarked,

The amendments to the Bitcoin Law are very clever and allow for compliance with the IMF agreement while allowing the ES [El Salvador] gov to save face.

🔄 Mow further analyzed the impact of changes to Article 3, which now states,

Any price may be converted into BTC.

He explained that this reflects common practice, as most people convert fiat prices to BTC for payment. However, he noted a significant shift:

previously you could price an apple in sats on a price tag/sign, but now you cannot.

🚫 Other important changes include restrictions on using bitcoin for government-related payments. Mow stated,

You can’t pay taxes in BTC anymore.

He also pointed out that the government can no longer accept BTC for services like company incorporation or passport programs. Additionally, the state is no longer required to facilitate BTC transactions, paving the way for a potential phase-out of the state-backed digital wallet, Chivo.

⚠️ These legal updates introduce uncertainty regarding bitcoin adoption in El Salvador, particularly for businesses. Mow acknowledged that the revised law diminishes the country's uniqueness in the crypto space:

The weakening of the Bitcoin Law definitely makes ES a bit less unique.

He noted that other regions continue to offer bitcoin-friendly environments, such as Bhutan and Próspera, while countries like Hong Kong and Switzerland impose no capital gains tax on bitcoin transactions.

💰 Institutional Investors Transform Cryptocurrency Mining Landscape

🏦 Institutional investors are reshaping the cryptocurrency mining industry, now holding significant stakes in 15 major firms. Vanguard, Blackrock, and Fidelity are leading this shift, turning a once niche sector into a competitive arena for Wall Street's investments.

📊 Ownership dynamics are shifting dramatically, with institutions claiming up to 90% of shares in key players. This analysis focuses on the top 15 publicly traded bitcoin mining companies by market capitalization and their institutional backers.

🔍 Galaxy Digital Holdings Ltd. (GLXY) is primarily backed by Fidelity Management & Research Co. LLC, which owns 14.88% of its shares. Retail investors still hold a significant portion of equity.

📈 MARA Holdings, Inc. (MARA) is supported by Blackrock and Vanguard, holding 13% and 11% of shares respectively. Institutional investors control 44–49% of the company, while retail investors and insiders hold the majority of the remaining stake.

📉 Riot Platforms, Inc. (RIOT) is dominated by Vanguard and Blackrock, which hold 9.8% and 7.0% of shares. Institutional ownership totals approximately 40%, with retail investors retaining significant influence.

🏢 Core Scientific, Inc. (CORZ) has a high concentration of institutional ownership, with 90% of shares held by firms like Vanguard and Beryl Capital Management. This indicates strong confidence from Wall Street in its operational scale.

💼 Bitdeer Technologies Group (BTDR) lists Yong Rong (HK) Asset Management as its largest institutional investor, with a $65 million stake. Institutional ownership ranges between 22.25% and 40.93%.

🏢 Northern Data AG (NB2) is majority-owned by Tether Holdings Ltd., which holds a 39.29% stake valued at €1.176 billion. Retail investors own 59.1% of the company.

📊 Cleanspark, Inc. (CLSK) counts Vanguard, Blackrock, and Dimensional Fund Advisors among its top institutional holders. Institutions collectively own 43–46% of shares.

📈 Iris Energy Limited (IREN) features Castle Hook Partners as its largest institutional shareholder, owning 3.7% of shares. Institutions control 41–44% of the company.

📉 Cipher Mining Inc. (CIFR) leans heavily on retail investors, who own 40% of shares. Vanguard and State Street lead institutional ownership, which spans 27–32%.

🏢 Applied Digital Corporation (APLD) is shaped by CEO Wesley Cummins, who owns 10.39% of shares. Blackrock and Vanguard follow, contributing to institutional ownership of 65–75%.