Transaction URL: https://blockchain.com/btc/tx/6f4a80750fe89c1659c65845b47f997975d19d14897c8fa22327abcf59fff2ba
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About two weeks after the SEC formed a crypto task force, unit leader Hester Peirce checked in.
The rough message: We’re working on a bunch of things, but please be patient.
Peirce (no surprise) criticized the previous path taken by the SEC. It “incessantly slammed on the enforcement brakes as it lurched along a meandering route with a destination not discernible to anyone.”
Further, its handling of crypto “has been marked by legal imprecision and commercial impracticality” (in case you didn’t already know how Peirce felt).
It’ll take time to “disentangle…
Read more on Blockworks
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe.
Congress has been busy (by its standards, at least) on the crypto front.
First, David Sacks — the country’s first AI and crypto “czar”— hosted an inaugural press conference, during which he declared a commitment to keeping digital asset innovation in the US.
House and Senate Committee leadership also took this opportunity to unveil a new bicameral crypto working group. If this sounds like a committee of committees, it’s because that’s pretty much exactly what it is.
Meanwhile, Sen. Bill Hagerty introduced a new stablecoin bill. The language is pretty similar to…
Read more on Blockworks
Crypto analyst Michaёl van de Poppe urges investors to hold their crypto assets, emphasizing that Bitcoin BTC/USD is fairly valued while altcoins remain heavily undervalued.
What Happened: Van de Poppe highlighted on Wednesday on X that the crypto market is currently experiencing one of the most extreme bearish sentiments in its history, following a prolonged period of capitulation.
Many altcoin investors have suffered major losses over the past 6-12 months, but he believes the tide is turning.
Despite market skepticism, Bitcoin breaking past $150,000 is a realistic scenario, with many underestimating the potential for exponential growth.
The fear of diminishing returns,…
Read more on Benzinga
The son of the current President two days ago on Twitter told people it’s time to add Ethereum to their balance sheets. It is mind blowing to see this, given what this cycle represents for Ethereum.
For years people have been predicting the outcome we are seeing play out this cycle. Ethereum’s dominant use case has been as a platform for…
Read more on BitcoinMagazine
BlackRock Inc., the world’s largest asset manager with over $11.5 trillion in assets under management, is preparing to launch a spot Bitcoin exchange-traded product (ETP) in Europe, according to a report from Bloomberg.
The fund is expected to be based in Switzerland and BlackRock could begin marketing it as early as this month, sources familiar with the matter told Bloomberg. Though, at the time of writing, a BlackRock representative declined to comment on the matter.
This listing would mark yet another step in BlackRock’s international expansion of its Bitcoin-related offerings, as the firm has already launched spot Bitcoin ETFs in both Canada and Brazil.
BlackRock appears eager…
Read more on BitcoinMagazine
Founder: Prashanth Chandrashekar
Date Founded: March 2023
Location of Headquarters: Lithuania
Number of Employees: 3 full-time, 3 contract workers
Website: https://bringin.xyz/
Public or Private? Private
With Bringin, it’s now easier than ever to live on a bitcoin standard in Europe.
The web app (and soon-to-be-released mobile app) enables users to almost instantly convert bitcoin from either a base chain or Lightning wallet to a virtual Visa debit card that can be used wherever Visa is accepted.
Bringin’s founder Prashanth Chandrashekar conceptualized the product after struggling to convert his bitcoin into euros.
“Two years ago while living in Estonia, I used to get paid in bitcoin, and…
Read more on BitcoinMagazine
On February 5, 2025, the U.S. Bitcoin ETFs reported a substantial net inflow, totaling 2,748 BTC, significantly more than the 450 BTC generated from mining on the same day. This indicates a strong investor demand and confidence in Bitcoin, overshadowing the rate at which new bitcoins are being created.
BlackRock’s Bitcoin ETF (Ticker: $IBIT) saw the largest increase with an influx of 2,524 BTC, suggesting that it remains a preferred choice for investors looking to gain exposure to Bitcoin through institutional products. Similarly, ARK’s Bitcoin ETF (Ticker: $ARKB) added a considerable 569 BTC, and Bitwise’s Bitcoin ETF (Ticker: $BITB) gained 163 BTC, both reflecting positive investor sentiment.
However, not all funds experienced gains; Invesco Galaxy’s Bitcoin ETF (Ticker: $BTCO) saw a significant outflow of 492 BTC, and VanEck’s (Ticker: $HODL) had a decrease of 85 BTC, indicating some level of sell-off or rebalancing among investors in these funds. This mixed activity showcases the varied strategies and investor responses within the different Bitcoin ETF offerings.
Overall, the strong inflows into several major funds highlight the continued appeal of Bitcoin ETFs as investment vehicles, with the total activity for the day indicating a bullish stance by the broader market, despite some funds experiencing withdrawals. This day’s trading dynamics further emphasize the pivotal role of Bitcoin ETFs in providing market participants with access to Bitcoin in a regulated investment format.
Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.
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