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Coinshares: Digital Asset Inflows Hit $527 Million Amid Market Volatility and Trade Tariff Concerns

Coins Legend February 3, 2025 0

Inflows into digital asset investment products crossed $500 million, despite the larger macroeconomic events that moved the market. Green Week for Digital Assets Despite Trade Tariffs and Deepseek Volatility Digital asset investment products recorded $527 million in inflows last week, despite

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Trump Issues Executive Order Creating Sovereign Wealth Fund—Could Bitcoin Be Included?

Coins Legend February 3, 2025 0

U.S. President Donald Trump has issued an executive order mandating the formation of a federal sovereign wealth fund, a move unveiled during a press briefing on Monday. Trump Mandates Federal Sovereign Wealth Fund “We have tremendous potential,” Trump declared to the press, flanked by aides, as he finalized the directive—a strategic mechanism designed to centralize […]

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Bitcoin Difficulty Set to Skyrocket as Hashrate Hits ‘Insane’ All-Time High of 840 EH/s

Coins Legend February 3, 2025 0

While bitcoin’s value slid beneath the $100,000 threshold, bottoming at $91,530 on Feb. 2, its computational muscle flexed to an unprecedented apex. Bitcoin’s Hashrate Taps an All-Time High Data from hashrateindex.com reveals bitcoin’s hashrate soared to a historic zenith of 840 exahash per second (EH/s), maintaining a formidable 837.25 EH/s as of noon ET on […]

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Thorchain Introduces TCY Token to Address $200 Million Debt Crisis 

Coins Legend February 3, 2025 0

Thorchain has endorsed a strategy to transform $200 million in debt into equity by issuing a new token, Thorchain Yield (TCY), in a bid to fortify its financial footing. Thorchain Converts $200 Million Debt to Equity in Restructuring Effort On Jan. 23, Thorchain suspended redemptions for its Lending and Savers programs after amassing considerable liabilities. […]

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Wall Street Pepe ICO Nears $68M Mark – 13 Days Left Before Launch

Coins Legend February 3, 2025 0

A new meme coin is going viral in early 2025 – Wall Street Pepe (WEPE). This project is exploding, pulling in almost $68 million in its ICO phase so far. But with only 13 days before the ICO ends, investors are rushing to get involved, hoping that this frog-themed project can live up to all […]

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Cryptocurrency Czar David Sacks, Lawmakers to Discuss US Crypto Leadership Plan

Coins Legend February 3, 2025 0

White House cryptocurrency director David Sacks will hold a press conference on Tuesday, Feb. 4, at 2:30 p.m. ET to discuss the U.S. digital asset strategy. White House to Outline U.S. Digital Asset Strategy in Press Conference Reports and a recently published memo state that David Sacks, who serves as President Donald Trump’s artificial intelligence […]

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Microstrategy’s $30 Billion Bitcoin War Chest on Ice Amid Tariff Turmoil

Coins Legend February 3, 2025 0

On Monday, Michael Saylor, founder of Microstrategy, disclosed that the enterprise refrained from divesting Class A common shares and abstained from expanding its bitcoin reserves. Saylor: No MSTR Share Selling, No Bitcoin Buying as Market Trembles Following a multi-week acquisition spree of bitcoin (BTC), Microstrategy (Nasdaq: MSTR) entered a strategic hiatus this week,

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U.S.-South Africa Tensions Escalate: Trump Threatens to Cut Aid Over Land Expropriation Act

Coins Legend February 3, 2025 0

Tensions between the United States and South Africa appeared to escalate on February 3, with South African President Cyril Ramaphosa pushing back against Donald Trump’s claims. South Africa’s Land Question The tiff between the United States and South Africa appeared to worsen on Feb. 3 after South African President Cyril Ramaphosa rebuffed Donald Trump’s threat […]

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Global Markets Shake to the Core: Trump Tariffs Slam Crypto, Stocks, as Gold Shines

Coins Legend February 3, 2025 0

A mere three days prior, the aggregate valuation of the crypto economy registered at $3.36 trillion; within this fleeting interval, a staggering $250 billion has vanished, diminishing the total to $3.11 trillion. This massive depreciation against the U.S. dollar coincides with President Trump’s imposition of fresh tariffs on American trading partners, amplifying global

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ETF Weekly Recap: Bitcoin ETFs See $560 Million Inflows While Ether ETFs Face $45.51 Million Outflows

Coins Legend February 3, 2025 0

Contrasting ETF fortunes, bitcoin ETFs experienced a weekly inflow of $560 million, while ether ETFs saw outflows of $45 million. Growing Investor Preference for Bitcoin ETFs Reflected in Reduced Capital Inflows for Ether ETFs Bitcoin and ether exchange-traded funds (ETFs) experienced mixed fortunes in the last trading week of Jan. 2025. According to Sosovalue‘s weekly