Author: Defx Intern

Raydium, a leading decentralized trading platform on Solana, has made a strong entrance into the perpetual futures market. Despite being in a public beta phase, Raydium’s perpetual futures offering is already generating $100 million in daily trading volume, securing its position as the third-largest venue for trading perpetual contracts on Solana.

The rapid growth of Raydium’s perpetual futures service is a testament to the platform’s strong brand recognition and its ability to quickly capture market share in the highly competitive DeFi space. By leveraging Orderly Network’s cross-chain trading infrastructure, Raydium is able to offer a wide range of trading pairs and provide a seamless trading experience for users.

As Raydium prepares for the official launch of its perpetual futures platform, it is well-positioned to challenge established players like Jupiter and Drift. With the ability to rapidly list new contracts and tap into the growing demand for Solana-based perpetual futures, Raydium has the potential to become a major player in this lucrative market.

The success of Raydium’s perpetual futures offering also highlights the increasing maturity and depth of the Solana DeFi ecosystem. As more users flock to Solana for its fast and low-cost transactions, platforms like Raydium are poised to benefit from the growing demand for sophisticated trading products.

Tags: Raydium, Solana, DeFi, perpetual futures, trading

Source: https://www.coindesk.com/business/2025/02/05/raydium-is-solana-s-amm-king-can-it-corner-the-perps-market-next

MicroStrategy, a prominent software and analytics company, has rebranded itself as Strategy, reflecting its increasing focus on Bitcoin accumulation. The company announced the name change on Wednesday, along with a new logo featuring the iconic Bitcoin “B” and the adoption of orange as its primary color.

This rebranding comes as a natural evolution for the company, which has been gradually shifting its focus towards Bitcoin over the past five years. Under the leadership of Executive Chairman Michael Saylor, Strategy has become primarily known for its Bitcoin treasury strategy, with its software business now accounting for only a small fraction of the company’s valuation.

The name change to Strategy signifies the company’s commitment to its Bitcoin-centric approach and highlights the broader appeal of its strategy. By aligning itself more closely with Bitcoin, Strategy aims to attract investors and clients who share its vision for the future of digital assets.

The rebranding is expected to have significant implications for the cryptocurrency market. As one of the largest corporate holders of Bitcoin, Strategy’s move may inspire other companies to consider adopting similar Bitcoin treasury strategies. This could lead to increased institutional adoption of Bitcoin and potentially drive up demand for the cryptocurrency.

Strategy’s fourth-quarter earnings results, set to be announced after the close on Wednesday, will provide further insights into the company’s financial performance and the impact of its Bitcoin holdings. Analysts anticipate that the firm will report a net loss, as it continues to hold off on marking its Bitcoin holdings to market.

Tags: MicroStrategy, Strategy, Bitcoin, Rebranding, Corporate Adoption

Source: https://www.coindesk.com/business/2025/02/05/microstrategy-rebrands-to-strategy

Ethereum (ETH) faced significant volatility this week as geopolitical trade war tensions rocked the cryptocurrency market. The price of ETH plummeted to a low of $2,065 on February 3rd before rebounding as investors stepped in to buy the dip. As of writing, Ethereum is trading down 2.1% over the last 24 hours.

The sharp drop in Ethereum’s price can be attributed to the escalating trade war fears that have gripped global markets. As tensions rise between major economic powers, investors are becoming increasingly risk-averse, leading to selloffs across various asset classes, including cryptocurrencies.

Despite the recent turbulence, Ethereum’s rebound from the $2,065 low suggests that there is still strong underlying support for the second-largest cryptocurrency by market capitalization. The dip-buying behavior of investors indicates a belief in Ethereum’s long-term value proposition and its ability to weather short-term market fluctuations.

From a technical analysis perspective, Ethereum’s price action has created a new lower low on the chart, which could signal a potential trend reversal if the price fails to recover above key resistance levels in the coming days. Traders and investors should closely monitor support and resistance levels, as well as market sentiment, to gauge the direction of Ethereum’s price in the near term.

The trade war fears and their impact on Ethereum’s price serve as a reminder of the interconnectedness of global markets and the influence of macroeconomic factors on the cryptocurrency space. As the geopolitical landscape continues to evolve, it is crucial for crypto enthusiasts and investors to stay informed and adapt their strategies accordingly.

Tags: Ethereum, ETH, Trade War, Cryptocurrency, Market Volatility

Source: https://news.bitcoin.com/ethereums-resilience-tested-volatility-dominates-as-macro-risks-loom/

Despite the recent market turmoil triggered by President Trump’s tariffs, a new memo from Bitwise Asset Management suggests that these economic headwinds could ultimately propel Bitcoin to new heights. The report outlines two distinct scenarios where Bitcoin emerges as a clear winner, regardless of the outcome of the ongoing trade disputes.

The Bitwise analysis hinges on the concept of the ‘Triffin Dilemma’, which highlights the inherent conflict between a currency’s role as a global reserve and the need for the issuing nation to run persistent trade deficits. With President Trump aiming to restructure America’s trade dynamics, the stage could be set for a significant shift in the global economic landscape.

In the first scenario, if Trump succeeds in weakening the dollar while keeping interest rates low, it could spark a surge in risk appetite among US investors. This environment would likely drive capital flows towards alternative assets like Bitcoin, which offers a non-sovereign, decentralized store of value. Simultaneously, other nations grappling with the fallout of a weaker dollar might resort to fiscal and monetary stimulus, further fueling demand for Bitcoin.

Alternatively, if the trade war persists and leads to a prolonged period of global economic weakness, central banks would almost certainly respond with extensive monetary stimulus. Historically, such liquidity injections have been bullish for Bitcoin, as investors seek out deflationary assets that are insulated from the policies of central banks.

As the trade war narrative continues to unfold, Bitcoin’s unique properties as a borderless, censorship-resistant asset could make it an increasingly attractive option for investors seeking to navigate the turbulent global economic landscape. While short-term volatility may persist, the longer-term implications of the current trade tensions could ultimately serve to solidify Bitcoin’s role as a safe haven asset and a viable alternative to traditional fiat currencies.

Tags: Bitcoin, Trade War, Trump, Tariffs, Global Economy, Safe Haven

Source: https://www.newsbtc.com/news/bitcoin/why-bitcoin-wins-outcome-trump-trade-war/

BlackRock, the world’s largest asset manager with over $10 trillion in assets under management, is planning to launch a Bitcoin exchange-traded product (ETP) in Europe. According to a Bloomberg report, the fund will be based in Switzerland, and BlackRock could begin marketing it as early as this month.

This move marks BlackRock’s first crypto-linked ETP outside of the United States, where its iShares Bitcoin ETF (IBIT) has been a resounding success, amassing nearly $60 billion in assets in just over a year since its inception. The entry of BlackRock into the European crypto ETP market is expected to intensify competition among providers, potentially leading to fee waivers and improved product offerings for investors.

The launch of a BlackRock Bitcoin ETP in Europe could have significant implications for the cryptocurrency market. As a major institutional player, BlackRock’s endorsement of Bitcoin through an ETP offering may boost investor confidence and drive further mainstream adoption of cryptocurrencies. Additionally, the increased competition among ETP providers could lead to lower fees and more accessible investment options for retail and institutional investors alike.

While details regarding the fee structure of BlackRock’s European Bitcoin ETP remain unknown, it will play a crucial role in determining the product’s performance and competitiveness in the market. As the cryptocurrency space continues to evolve and mature, the entry of established financial giants like BlackRock is a testament to the growing legitimacy and acceptance of digital assets in the traditional investment landscape.

Tags: BlackRock, Bitcoin ETP, Europe, Crypto Investment, Institutional Adoption

Source: https://www.coindesk.com/business/2025/02/05/blackrock-plans-to-launch-a-bitcoin-etp-in-europe-bloomberg

XRP, the native token of the Ripple blockchain, has been facing significant bearish pressure in the market. The cryptocurrency currently trades between $2.43 and $2.46, down 6.4% over the past 24 hours. With a market capitalization of $142 billion and a global trade volume of $7.93 billion, XRP has been struggling to maintain its position above critical support levels.

The 1-hour chart for XRP reveals the challenges the token faces in the current market conditions. Bears have taken control, pushing the price down and testing key support levels. If XRP fails to hold above these crucial levels, it could potentially lead to further downside in the near term.

The bearish sentiment surrounding XRP can be attributed to various factors, including overall market conditions and specific developments related to Ripple. As the crypto market continues to experience volatility, investors are closely monitoring XRP’s performance and its ability to withstand the selling pressure.

For XRP to regain bullish momentum, it would need to break above key resistance levels and see a significant influx of buying volume. However, in the current market environment, this may prove to be a challenging task. Traders and investors should exercise caution and closely monitor technical indicators and market sentiment before making any decisions.

The struggles faced by XRP highlight the importance of risk management and the need for a well-diversified portfolio in the crypto space. As always, it is crucial to conduct thorough research and consider individual risk tolerance before investing in any cryptocurrency.

Tags: XRP price, Ripple, bearish market, crypto market analysis, technical analysis

Source: https://news.bitcoin.com/xrp-price-analysis-bears-take-control-as-xrp-struggles-to-stay-above-critical-support/

The Federal Deposit Insurance Corporation (FDIC) has released a trove of documents related to ‘Operation Chokepoint 2.0’, which crypto advocates claim shows further proof that the agency had targeted the crypto industry. The documents provide insights into the FDIC’s actions and their potential impact on the cryptocurrency market.

The release of these documents has raised concerns among crypto industry participants, who have long suspected that regulatory bodies like the FDIC have been unfairly targeting cryptocurrency businesses. The documents may shed light on the extent of the FDIC’s actions and the reasoning behind them.

If the allegations of the FDIC specifically targeting crypto companies are substantiated, it could have significant implications for the industry. Increased regulatory scrutiny and potential restrictions on banking relationships could hinder the growth and adoption of cryptocurrencies in the United States. This, in turn, may lead to a shift in crypto businesses moving to more crypto-friendly jurisdictions.

On the other hand, if the documents reveal that the FDIC’s actions were justified and based on legitimate concerns, it could provide clarity on the regulatory landscape and help establish clearer guidelines for crypto companies to operate within the existing financial system.

The release of these documents is likely to intensify the ongoing debate around the regulation of cryptocurrencies and the role of government agencies in overseeing the industry. As more information comes to light, market participants will be closely watching to see how this development unfolds and its potential impact on the future of crypto in the United States.

Tags: FDIC, Operation Chokepoint 2.0, crypto regulation, banking relationships, regulatory scrutiny

Source: https://decrypt.co/304559/fdic-operation-chokepoint-crypto-documents

Ethereum has bounced back to the $2,800 level following a recent price crash, as on-chain data reveals significant outflows from exchanges. According to IntoTheBlock, investors reacted to the dip by withdrawing a staggering 350,000 ETH, worth approximately $982 million, from centralized exchanges.

The timing of these outflows suggests that whales are likely accumulating Ethereum at discounted prices, contributing to the cryptocurrency’s recovery. The Exchange Netflow metric, which tracks the net movement of tokens in and out of exchanges, recorded its highest level of net withdrawals since January 2024.

This bullish trend could continue to influence Ethereum’s price in the near term, with sustained outflows potentially driving further upward momentum. However, a shift towards increased inflows might signal a bearish sentiment among investors.

In related news, the stablecoin USDC has experienced a surge in transaction volume, with daily transactions increasing by over 119% in the past year. As stablecoins often serve as a catalyst for trading activity in volatile assets like Ethereum, this growth in USDC usage could bode well for the broader cryptocurrency market.

Despite the recent recovery, Ethereum remains down more than 11% over the last seven days, trading at around $2,800 at the time of writing. As the market continues to evolve, investors should keep a close eye on key metrics like Exchange Netflow and stablecoin activity to gauge potential shifts in sentiment and price action.

Tags: Ethereum, ETH, Crypto Market, Exchange Outflows, Whales, USDC

Source: NewsBTC

In a bold move, U.S. lawmakers are intensifying their efforts to dismantle “Operation Chokepoint 2.0,” a controversial regulatory crackdown on the crypto industry’s access to banking services. The lawmakers have vowed to put an end to the alleged regulatory overreach and restore fair banking access for the thriving crypto sector.

This development comes as a relief to the crypto community, which has long been grappling with the challenges posed by the banking blacklist. The regulatory pressure has made it difficult for crypto businesses to secure essential banking services, hindering their growth and innovation. The lawmakers’ intervention is expected to level the playing field and foster a more conducive environment for the industry’s development.

The crypto market is likely to react positively to this news, as it signals a potential easing of regulatory hurdles. With fair banking access, crypto companies will be better positioned to expand their operations, attract investments, and drive mainstream adoption. This, in turn, could lead to increased liquidity, stability, and overall growth of the crypto market.

As the lawmakers continue to push back against the crackdown, it remains to be seen how the regulatory landscape will evolve. However, the crypto community is hopeful that this move will pave the way for a more balanced and supportive regulatory framework, enabling the industry to reach its full potential.

Tags: Crypto Regulation, Banking Access, US Lawmakers, Chokepoint 2.0, Crypto Market Impact

Source: https://news.bitcoin.com/us-lawmakers-fight-to-end-crypto-banking-blacklist-chokepoint-2-0-under-fire/

A fundamental shift in corporate finance is underway as companies increasingly turn to bitcoin as a reserve asset. With over 70 publicly traded companies now holding bitcoin on their balance sheets, this move represents a transformation in how businesses create and preserve shareholder value in an era of digital scarcity.

MicroStrategy, led by Michael Saylor, has been at the forefront of this trend, aggressively accumulating bitcoin and leveraging traditional finance approaches to build a sizable BTC treasury. The company’s strategy has popularized key metrics like bitcoin per share (BPS) and BTC yield, which allow investors to measure a company’s indirect bitcoin exposure and acquisition efficiency.

The regulatory environment is evolving to support this shift, with developments like the reversal of SAB21, FASB’s accounting changes, and the proposed Bitcoin Act 2024 enhancing bitcoin’s utility as a treasury asset. These changes enable corporations to leverage their bitcoin holdings more efficiently, recognize appreciation in earnings statements, and reduce systemic risks for adoption.

Companies embracing this strategy can now generate earnings growth through strategic bitcoin accumulation while simultaneously building a position in an asset with significant appreciation potential. This approach echoes Warren Buffett’s principles of finding businesses that can both generate current returns and reinvest capital at attractive rates.

The transformation ahead is about fundamentally rethinking corporate treasury management for an era of digital scarcity. Companies that recognize and act on this shift early will likely emerge as the Berkshire Hathaways of the digital age, with a significant advantage in building treasury positions at attractive prices.

As we enter this new era in corporate finance, bitcoin’s unique properties combine with evolving financial infrastructure to create unprecedented opportunities for value creation and preservation. The companies that seize this opportunity will be well-positioned to thrive in the future of finance.

Tags: corporate finance, bitcoin, treasury management, digital scarcity, shareholder value

Source: https://www.coindesk.com/coindesk-indices/2025/02/05/the-great-accumulation-a-corporate-race-for-bitcoin