Bitcoin (BTC) — Onchain News & Whale Tracking

Grayscale Research Director: Fed Rate Cut Unlikely in the Short Term, Bitcoin Under Pressure

On February 14th, Zach Pandl, the research head of Grayscale, stated in an interview that "It is temporarily impossible for the Fed to cut rates." He pointed out that in the short term, this is unfavorable for risk assets such as Bitcoin because the market is further digesting the expectation of the delay in the Fed's rate cut. Pandl believes that the January CPI data was higher than expected (a 3% year-on-year increase), and core inflation has also risen to 3.3%, indicating that inflation remains stubborn. Pandl also warned that if inflation continues to exceed expectations, the Fed may even reconsider raising rates, which would have a greater impact on market sentiment.

Analysis: Auditing the Federal Reserve could undermine market confidence in the US dollar, accelerating the flow of funds into Bitcoin and gold

On February 13th, as reported by The Block, the demand for an audit of the Federal Reserve has once more grown stronger. This week, the social media platform X set off extensive discussions, suggesting that not only should Ron Paul take the lead in auditing the Federal Reserve but he should even become the Fed Chair. This idea received more attention after receiving brief but powerful support from Elon Musk, the head of the newly established "Department of Government Efficiency" (DOGE), who said "Great idea". Musk's statement has increased speculation about whether the current administration will promote transparency reform at the Fed. The Federal Reserve has always maintained a high degree of independence to avoid political influence on monetary policy. However, Washington has previously strongly opposed proposals to audit the Fed. Some experts believe that increased examination of the Federal Reserve could weaken market confidence in the US dollar and accelerate the flow of funds in

Metaplanet has completed a $26 million senior unsecured bond financing to acquire more Bitcoin.

On February 13th, the publicly listed Japanese company Metaplanet announced that it has successfully completed a ￥4 billion (approximately $26 million) 0% unsecured corporate bond financing in order to purchase a greater amount of Bitcoin.

Tether holds 83,700 bitcoins, representing 0.4% of the total bitcoin supply.

On February 13th, 21. The strategy analyst Tom Wan from.co posted on social media that Tether holds 83,700 Bitcoins (approximately $8 billion), which accounts for 0.4% of the total Bitcoin supply. Previously, a JPMorgan analyst stated that in order to comply with the proposed U.S. stablecoin regulatory requirements, Tether may need to sell some non-compliant assets such as Bitcoin, precious metals, corporate notes, and collateralized loans. The U.S. has introduced two stablecoin bills - the House's "Stablecoin Tethering and Bank Licensing Enforcement (STABLE) Act" and the Senate's "Keep Big Tech Out of Finance Act" (GENIUS Act), aiming to regulate stablecoin issuers through licensing requirements, risk management rules, and 1:1 reserve backing. According to the House's STABLE Act, only 66% of Tether's reserves are compliant. Under the Senate's GENIUS Act, the compliant reserve ratio is 83%, as noted by a team led by JPMorgan analyst Nikolaos Panigirtzoglou in a report on Wednesday.

The probability of Trump establishing a strategic Bitcoin reserve within 100 days of taking office has dropped to 12% on Polymarket.

February 13th: The likelihood on Polymarket that Trump will establish a strategic Bitcoin reserve within 100 days of commencing office has decreased to 12%. Previously, on January 18th, it had increased to 48%.

JPMorgan Analyst: Tether May Need to Sell Bitcoin to Comply with Proposed US Stablecoin Regulations

On February 13th, as per The Block's report, a JPMorgan analyst stated that in order to meet the proposed U.S. stablecoin regulatory requirements, Tether might have to sell some non-compliant assets such as Bitcoin, precious metals, corporate bonds, and secured loans. The U.S. has introduced two stablecoin bills - the House's "Stablecoin Tethering and Bank Licensing Enforcement (STABLE) Act" and the Senate's "Guaranteeing Easy and Secure Transaction of Universal Settlements (GENIUS) Act", which aim to regulate stablecoin issuers through licensing requirements, risk management rules, and 1:1 reserve backing. According to the House's STABLE Act, Tether only has 66% of compliant reserves. Meanwhile, according to the Senate's GENIUS Act, the compliant reserve ratio is 83%. JPMorgan analyst Nikolaos Panigirtzoglou's team wrote in a report on Wednesday. Importantly, the analysts pointed out that both figures suggest a decrease in Tether's compliance ratio since mid-2024, which coincides wi

Bitget has launched a Bitcoin-settled inverse perpetual contract, with leverage ranging from 1 to 20x.

On February 13th, as per an official announcement, Bitget has made the announcement of the launch of its U-based inverse perpetual contract, with a maximum leverage of 20 times. Contract strategy trading will be opened at the same time.

If Bitcoin drops below $95,000, the mainstream CEX long liquidation pressure will reach 146 million.

On February 13th, based on Coinglass data, if Bitcoin drops below $95,000, the cumulative strength of long liquidation on mainstream CEXs will reach 146 million. Conversely, if Bitcoin surges above $98,000, the cumulative strength of short liquidation on mainstream CEXs will reach 204 million. BlockBeats Note: The liquidation chart does not display the exact number of contracts to be liquidated or the exact value of the contracts being liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to the adjacent liquidation cluster, that is, strength. Therefore, the liquidation chart shows the extent to which the underlying price will be affected when it reaches a certain position. A higher "liquidation bar" indicates that the price will experience a more intense reaction due to a liquidity avalanche when it reaches that level.

Bitcoin Drops Below $96,000

On February 13th, based on HTX market data, Bitcoin fell below $96,000 and is currently trading at $95,977. The 24-hour gain has narrowed to 0.16%.

Bitcoin Mining Firm Phoenix Group's 2024 Revenue Surges by 236% Year-on-Year to Reach $107 Million

On February 13th, the Abu Dhabi-based cryptocurrency mining firm Phoenix Group announced that its revenue for the 2024 fiscal year increased by 236% year-on-year. The mining revenue reached $107 million. This is a substantial increase from $32 million in 2023 and $5.4 million in 2022, representing a growth of 1,852% over two years. Phoenix Group's total revenue reached $206 million, with a net profit of $167 million and a comprehensive income of $219 million. The company recently opened new mining facilities in the United States, Canada, and Oman, adding 160 megawatts of power capacity. In addition to mining, Phoenix Group has diversified its digital asset portfolio by investing in cryptocurrencies such as SOL, ETH, FAH, UNCN, LVLY, and TON. The company has also partnered with the Tether Foundation to launch a dirham-backed stablecoin.

Bitcoin Falls Below $97,000

On February 13th, according to HTX market data, Bitcoin has fallen below $97,000 and is currently trading at $96,863.

Japanese medical company SBC Medical is planning to purchase $6.7 million worth of Bitcoin

On February 13th, the Japanese SBC Medical Group Holdings Incorporated declared plans to acquire ￥1 billion ($6.7 million) worth of Bitcoin as part of a long-term strategy aimed at achieving asset diversification and hedging against inflation. The company thinks that investing in Bitcoin is in line with its goal of building a strong financial foundation and adapting to the changing macroeconomic environment. The U.S. subsidiary of SBC Medical will carry out this purchase through Coinbase. The company stated that before making the decision, it took into account accounting, tax, and cybersecurity factors carefully, and described Bitcoin as a value storage tool with the potential for long-term appreciation due to its fixed supply and the increasing adoption rate. (CryptoSlate)

Sora Ventures and its subsidiaries take over the board of directors of Hong Kong Bitcoin company HK Asia Holdings

On February 13th, as per CryptoSlate, starting from February 12, 2025, Sora Ventures and its affiliated entities have taken over the board of directors of the Hong Kong Bitcoin company HK Asia Holdings, signifying a transition from shareholding to direct management. The new board of directors comprises twelve members including David Bailey and John Riggins from BTC Inc., Jason Fang from Sora Ventures, and others. The board has audit, compensation, nomination, and ESG committees that cover core management functions. Sora Ventures and a subsidiary of BTC Inc. had previously acquired a one-third stake in Metaplanet.

Yesterday the US Bitcoin spot ETF saw a net outflow of $251 million

On February 13th, based on Farside Investors' data, the net outflow of the US Bitcoin spot ETF yesterday was $251 million. This included: - The net outflow of Fidelity FBTC was $102 million. - The net outflow of BlackRock IBIT was $22.04 million. - The net outflow of BITB was $25.90 million. - The net outflow of ARKB was $97 million. - The net outflow of BRRR was $3.70 million. - The net outflow of Grayscale GBTC was $6.90 million. - The net inflow of Grayscale BTC was $16.30 million.

National Bank of Canada Buys $2 Million Bitcoin ETF

On February 13th, according to Cointelegraph, the National Bank of Canada has made a purchase of a $2 million Bitcoin ETF.

Bitcoin Short-Term Breaks $98,000

On February 13th, based on HTX market data, Bitcoin briefly exceeded $98,000 and is currently trading at $97,837.

Bitcoin Surges Above $97,000

On February 13th, based on HTX market data, Bitcoin has seen a rebound and surged to surpass $97,000. It is currently priced at $97,055.

Succinct CEO Uma Roy will attend the Nubit "Bitcoin Golden Age" event in Denver

On February 12th, as per official social media posts, Uma Roy, the co-founder and CEO of Succinct, confirmed her attendance at the closed-door meeting of "The Golden Age of Bitcoin" during ETHDenver. Succinct, being a key force in the ZK computation field, is bringing more powerful scalability and computational capabilities to the Bitcoin ecosystem through zero-knowledge proof (ZK) technology. Uma Roy will meticulously explore how ZK technology is facilitating BTCFi and the future evolution of Bitcoin at the meeting. "The Golden Age of Bitcoin", hosted by the Bitcoin-native technology development project Nubit, will be held on February 25th from 12:00 PM to 3:00 PM local time in Denver, USA. The meeting will center around BitVM technology development, Bitcoin programmability, BTCFi, and Bitcoin's trustless innovation.

Affected by CPI Bearish News, Bitcoin Drops 1.57% in 1 Minute

On February 12th, as per HTX market data, owing to the negative influence of CPI being higher than anticipated, Bitcoin witnessed a 1.57% decline within 1 minute and is currently priced at $94,853. In the United States, the non-seasonally adjusted CPI for January registered an annual rate of 3%, which is the largest increase since June 2024. Additionally, the seasonally adjusted core CPI for January showed a monthly rate of 0.4%, marking the largest increase since March 2024.

VanEck Analyst: Current Bitcoin Reserve Bills in 20 States Will Bring $23 Billion Incremental Funding

On February 12th, Matthew Sigel, the Director of Digital Asset Research at VanEck, posted on social media that the institution had analyzed Bitcoin reserve bills introduced in 20 states. If these bills were enacted, they could lead to a $230 billion inflow of funds for purchase. This inflow would be separate from any pension fund allocations. Moreover, if legislators took further steps, there might be even more funds coming in.

Cathie Wood: Possibility of Bitcoin Reaching $1.5 Million by 2030 is Increasing as More Institutions Get Involved

February 12th. According to a report by Cointelegraph, Cathie Wood, the CEO of ARK Invest, stated that as institutional investors are increasingly investing in digital assets, the opportunity for Bitcoin to reach $1.5 million is on the rise. In a video released on February 11th, Cathie Wood said, "Many people are familiar with our (Bitcoin) bull case, which is valued at $1.5 million. In fact, we believe that as this new asset class becomes institutionalized, the likelihood that our bull case is correct has increased. Many institutional investors are now paying attention to Bitcoin and believe that they need to add it to their asset allocation because Bitcoin's return profile and risk characteristics are very different from all other assets in their portfolio."

Greeks.live: Bitcoin Could Trigger Large-scale Sell-off If It Drops Below $92,000, Current Market Prepares for CPI Reversal

On February 12th, Analyst Adam from Greeks.live announced on social media that in the short term, the community generally has a bearish outlook. Traders are unwinding their long positions and expressing concerns about the weak price movement. The key support level that the market is closely observing is the $95,000 level that was tested overnight. The range from $92,000 to $94,000 is regarded as an important support area. Once it is breached, it could "trigger a massive sell-off." Currently, the market is demonstrating short-term weakness with a decreasing trading volume and low volatility (around 45-48%), which makes options trading difficult. However, a large buy order of 900 bitcoins was discovered at the current price level. There is a "price vacuum" existing up to $98,000, indicating that a rapid market movement may occur. It is worth noting that in the options market, traders are adjusting the strike price of their call options from $100,000 to $97,000 and closing out put option

Solv Protocol Introduces Chainlink Proof of Reserve to Enhance Its Bitcoin Asset Transparency

On February 12th, Solv Protocol made an announcement regarding the adoption of Chainlink Proof of Reserve to enhance the transparency and security of its Bitcoin reserves. This particular Proof of Reserve will furnish real-time reserve data for all of Solv Protocol's assets, encompassing SolvBTC and various LST assets, thereby guaranteeing asset transparency. Recently, the total value locked within the Solv Protocol has been on a continuous upward trend. The protocol's total locked Bitcoin has exceeded 27,000 BTC, with a value surpassing $2 billion.

CPI Lower Than Expected Could Boost Bitcoin, But Overall Economic Outlook Still Prevails

On February 12th, an institutional analysis indicated that for Bitcoin investors, tonight's US January CPI report could exert a significant influence on the market direction. If the CPI is lower than anticipated, particularly the core data excluding food and energy, it may heighten the hopes of Fed interest rate cuts. In this situation, the US dollar could weaken, making US Treasury yields more appealing and potentially increasing the demand for higher-risk assets like Bitcoin. However, those who are hoping for a substantial cryptocurrency price surge may need to moderate their expectations. Although a cooling CPI can provide a temporary boost, the overall economic situation remains the predominant factor. CoinDesk believes that since inflation is expected to remain a focus and the Fed is maintaining a cautious stance, the movement of the Bitcoin price may be confined to the narrower range of $90,000 to $110,000, especially if the CPI report shows data that is higher than expected. (FX

Avalon Labs has announced that it will apply to the US SEC for the first Bitcoin Bond ETF.

On February 12th, as per the report from Cointelegraph, Avalon Labs declared that it is actively engaged in exploring the application to the U.S. Securities and Exchange Commission (SEC) for the industry's first Bitcoin-backed Debt Exchange Traded Fund (ETF) listing. This move aims to promote the compliance and popularization of Bitcoin financial products. It is anticipated that this initiative will lower the barrier for Bitcoin financial products to enter the mass market and offer a new avenue for the crypto industry to move towards the mainstream financial system. It is reported that the co-founder of Avalon Labs successfully issued a USD-denominated Debt ETF approved by the SEC in 2021 and has been conducting research on the feasibility of issuing ETFs for crypto companies for several years. Avalon Labs stated that it intends to collaborate with a top U.S. law firm to evaluate the fund's compliance framework and prepare the relevant application materials. If successful, the fund i

Analysis: Bitcoin May Rise on US CPI Slowdown, but Major Rally Seems Unlikely

On February 12th, as per the report by CoinDesk, a moderately inflation report to be released later on Wednesday might be beneficial to risk assets such as Bitcoin (BTC). Nevertheless, those anticipating a strong bullish rally might be let down. The U.S. Department of Labor will put out the Consumer Price Index (CPI) report for January on Wednesday at 13:30 UTC. According to the forecast tracked by Reuters on FXStreet, the report is anticipated to demonstrate a 0.3% month-on-month increase in living costs in January, which is a deceleration from December's 0.4% rise. The annualized data is expected to remain unchanged at 2.9% compared to December. If the data turns out to be lower than expectations, especially with lower core inflation data, it could reinforce the market's expectation of the Federal Reserve (Fed) implementing further interest rate cuts. This could lead to a decline in U.S. bond yields and a weaker U.S. dollar, thereby spurring the demand for risk assets. According to

Oklahoma Bitcoin Reserve Bill Advances Through Committee Review

On February 12th, as reported by Cointelegraph, the Oklahoma Bitcoin Reserve Bill has just been passed in the committee and is scheduled to proceed to a full floor vote.

Goldman Sachs Group Holds Over $1.5 Billion in Bitcoin Spot ETF Shares as of Q4

On February 12th, as per the website of the U.S. Securities and Exchange Commission (SEC), Goldman Sachs' submitted 13F filing disclosed its holdings as of December 31, 2024. This included multiple positions in Bitcoin spot ETFs, namely: - $1.27 billion in IBIT (24,077,861 shares, an 88% increase compared to the previous filing). - $288 million in FBTC (3,530,486 shares, a 105% increase compared to the previous filing), and other holdings.

Bitcoin fell below $95,000 this morning, with a 24-hour loss of 1.56%.

On February 12th, according to HTX market data, Bitcoin dropped below $95,000 this morning. It is currently trading at $95,748, with a 24-hour decrease of 1.56%.

Bitcoin Exchange Reserve Hits 3-Year Low, Now at Only 2.5 Million BTC

On February 11th, according to CryptoQuant's data, with the surge in ETF demand, the reserves of Bitcoin on exchanges dropped to a three-year low, with only 2.5 million coins remaining.

Portuguese Fund Company Launches KvarnPortugal Fund, Allocating 80% of Assets to Bitcoin

On February 11th, the Portuguese fund management company Fundbox entered into a partnership with the European cryptocurrency investment platform Kvarn X. They launched the KvarnPortugal Fund, which will allocate 80% of its assets to Bitcoin and 20% to the CoinDesk 20 Index. The minimum investment amount for this fund is 100,000 Euros. It has a management fee of 0.05% and a subscription fee of 2.5%. If investors wish to obtain residency through the Portuguese golden visa program, they need to invest at least 500,000 Euros and reside in Portugal for at least 35 days within 5 years. The fund subscription period will last until February 2027.

Michael Saylor: MicroStrategy has accumulated an additional 18,527 bitcoins through its treasury reserve strategy

On February 11th, Michael Saylor, the founder of Strategy, announced that as of now, the financial operations of Strategy have accumulated 18,527 bitcoins. This has brought approximately $1.8 billion in bitcoin gains to the MSTR shareholders.

US-listed company KULR increases its Bitcoin holdings by $10 million, bringing its total holdings to 610.3 coins

On February 11th, KULR Technology Group announced an additional purchase of Bitcoin worth $10 million. The average purchase price per BTC was $103,905. This brought the company's total Bitcoin holdings to 610.3 BTC, which is approximately equivalent to $60 million. In the company's Bitcoin treasury strategy announced last December, it was stated that up to 90% of excess cash reserves would be allocated to Bitcoin purchases. The company reported that the year-to-date return on investment in BTC (the percentage change in Bitcoin holdings calculated relative to fully diluted outstanding shares) reached 167.3%.

Pre-market Surge: US Stock Market Bitcoin-Related Stocks Up, IBIT Rises by 0.7%

On February 11th, as monitored by Trader T, in the pre-market trading of US stock Bitcoin-related stocks, there was a general increase. These included: · MICROSTRATEGY increased by 0.3%; · ISHARES BITCOIN TRUST rose by 0.7%; · COINBASE GLOBAL went up by 0.2%; · RIOT PLATFORMS advanced by 0.3%; · MARA HOLDINGS rose by 0.5%; · T-Rex 2X Long MSTR Daily Target ETF increased by 0.44%.

Data: The market has continuously sold off $142 billion worth of Bitcoin since 2023

On February 11th, according to CryptoQuant CEO Ki Young Ju, since 2023, the market has liquidated $142 billion worth of Bitcoin. Nevertheless, Bitcoin continues to ascend. "Shorts, we have done our utmost."

Polish Central Bank: Will Not Purchase Bitcoin "Under Any Circumstances"

On February 11th, Adam Glapiński, who is the President of the National Bank of Poland (NBP), declared that the central bank "under no circumstances" would think about including Bitcoin in its reserves. During a press conference, Glapiński stated that the NBP would only consider including it in reserves if the asset is "completely safe." He made a comparison between Bitcoin and gold, believing that gold is more stable in value and has helped the bank's reserves increase by 22% last year. However, Glapiński did not completely rule out the value of cryptocurrency and noted, "There are many aspects of Bitcoin that are worth discussing." But he emphasized that the NBP believes Bitcoin cannot become a "long-term, secure component" of its reserves. "You can purchase a lot, you can also earn a lot, but you can also lose a lot," he added. "However, we are more inclined to choose assets with certainty." This cautious attitude is not unexpected, especially for advocacy organizations that suppor

Bitcoin Miners are facing a new "Capitulation" phase, hinting at a possible price bottom.

On February 11th, Bitcoin miners might be indicating the direction of BTC's price rebound. The data shows that Bitcoin is presenting a typical local bottom signal as miners are entering a new "capitulation" phase. The analysis indicates that Bitcoin's hash ribbon indicator is undergoing a "triggered" reversal. The hash ribbon is a well-known leading indicator frequently used to predict the reversal of BTC's price at local lows. When the 30-day moving average (MA) of hash rate is lower than the 60-day average, it means that miners are experiencing "capitulation" - "When Bitcoin mining costs are relatively high, miners are compelled to shut down mining machines." This situation is infrequent and usually occurs before a long-term price increase in BTC. The last time a miner capitulation period took place was in mid-October 2024. After that, the BTC price broke through the historical high of $73,800 and soared to $108,000 in just two months.

The SEC Receives 21Shares Bitcoin and Ethereum Spot ETF Redemption Request

On February 11th, the U.S. Securities and Exchange Commission (SEC) has received an application that enables 21Shares' Bitcoin and Ethereum Spot ETFs to carry out in-kind redemptions.

Bitcoin Breaks $98,000

On February 11th, according to HTX market data, Bitcoin surged past $98,000 with a 24-hour increase of 1.3%.

Tesla's 2024 Q4 Bitcoin Profit Reaches $600 Million, Currently Holding 11,509 BTC

On February 11th, as per Cointelegraph, Tesla's profit from Bitcoin in Q4 2024 reached 600 million USD. This was partly due to new accounting rules that enabled the company to record the market value of its digital assets. Cryptocurrency industry executives pointed out that the new accounting rules have presented new opportunities for companies aiming to use digital assets as collateral to obtain working capital. This has positioned Bitcoin as a valuable financial asset, allowing companies to access working capital while still being exposed to the appreciation risk. Tesla's 10-K filing with the SEC disclosed that it currently holds 11,509 BTC.

Former SEC Account Intruder Announces Bitcoin ETF Approval, Hacker Faces Trial

February 11th. According to Bloomberg, a 25-year-old man from Alabama named Eric Council Jr. has admitted to being involved in the hacking of the "X" account of the U.S. Securities and Exchange Commission (SEC). In January of the previous year, he posted a false message on the platform announcing the approval of the first Bitcoin spot ETF. Eric Council Jr. pleaded guilty on Monday in a federal court in Washington to conspiracy to commit aggravated identity theft and access device fraud. Judge Amy Berman Jackson is scheduled to sentence him on May 16th. Prosecutors accused Eric Council Jr. of using forged identification and deceiving an employee at a local cell phone store to assist him in hacking into the victim's phone. The day before the SEC account was hacked, analysts predicted that the SEC would announce the approval of a spot Bitcoin ETF. This hacker's fake post on January 9, 2024, led to a significant increase in the price of Bitcoin. Subsequently, the SEC confirmed that the an

Total Bitcoin Futures Open Interest Reaches $59.67 Billion

On February 11th, based on Coinglass data, the total open interest of Bitcoin futures contracts across all exchanges reached 613,710 BTC (approximately $59.67 billion). Among them, the open interest of CME Bitcoin futures was 167,070 BTC (approximately $16.23 billion), ranking first. Binance Bitcoin futures had an open interest of 113,160 BTC (approximately $11 billion), ranking second.

Bitcoin Surges Past $98,000

On February 10th, according to HTX market data, Bitcoin experienced a rebound and exceeded $98,000. It is currently trading at $98,132, with a 24-hour increase of 1.96%.

Analyst: Bitcoin Mining Difficulty All-Time High Signal or Precursor to Local Price Bottom Reached

On February 10th, James Van Straten, a senior analyst at CoinDesk, wrote that after the weekend adjustment, the Bitcoin mining difficulty reached a historical high of 114.7 T, representing a 5.61% increase from the previous difficulty adjustment. This alteration is in line with the timing when the Hash Ribbon indicator indicated miner capitulation. The Hash Ribbon is a market indicator that usually forms during miner capitulation - when mining costs exceed profits, suggesting a potential local bottom for Bitcoin. According to Glassnode's data, miner capitulation began in early February. Bitcoin has experienced a decline of more than 4% this month. Historically, when this indicator signals capitulation, it often marks a local price bottom. If this pattern remains valid, Bitcoin's bottom could be approximately $91,000. The last capitulation signal occurred in October 2024, following which Bitcoin witnessed a 50% surge. With the continuously increasing mining difficulty, mining has be

Privacy-focused company Proton has launched a self-custodial Bitcoin wallet.

On February 10th, as reported by The Block, the privacy and security firm Proton has launched its self-hosted Bitcoin wallet on iOS, Android, and web platforms, making it accessible to all users. Proton was founded in 2014 and is headquartered in Switzerland. It is renowned for services like Proton Mail and Proton Drive, which focus on providing encrypted communication and storage solutions. It places great emphasis on user privacy and claims to have more than 100 million user accounts.

A British Man is Considering Buying a Landfill Site to Recover a Hard Drive Containing 8000 Bitcoins

February 10th. According to The Guardian, the IT engineer James Howells from Newport, UK. He has spent ten years striving to find what he deems to be a ￡6 billion Bitcoin fortune buried in a municipal landfill in southern Wales. Presently, he is contemplating purchasing the site to seek the missing wealth. James Howells lost his appeal last month in the UK High Court. He failed to persuade Newport City Council to permit him to search the landfill for the hard drive containing what he claims to be 8,000 bitcoins. Subsequently, the UK council announced its intention to close and cap the site. This would almost undoubtedly extinguish any hopes of recovering the bitcoins. The council has obtained planning permission to build a solar power station on a portion of the land. Howells, who is 39 years old, stated on Monday that he was "quite astonished" upon learning of this closure plan. He said, "The council argued in the High Court that allowing me to search the landfill would have

Metaplanet's Bitcoin Holdings Unrealized Gain Reaches $35 Million in 2024

February 10th: The publicly listed Japanese company Metaplanet announced its fiscal year 2024 performance report. The unrealized gains from its Bitcoin holdings reached $35 million (approximately 5.46 billion yen). As of the end of 2024, the company held a total of 1,761 BTC with a cumulative acquisition cost of $137 million. Metaplanet plans to hold 10,000 BTC by the end of 2025 and increase it to 21,000 BTC by the end of 2026. The company is increasing its Bitcoin holdings through the issuance of secured bonds, convertible bonds, equity financing, and cash flow operations. Moreover, the number of shareholders of Metaplanet increased by 500% in 2024 to 50,000 people. Its stock price rose by 8% on Monday and has accumulated a 64% increase since the beginning of the year.

QCP: Bitcoin Volatility Now Leaning Toward Put Options, Trump Highly Sensitive to Market Response

February 10th. QCP disclosed its daily market observation, indicating that after the DeepSeek action two weeks ago and the tariff-driven volatility last week. This time, Trump's announcement of imposing a 25% tariff on steel and aluminum briefly disrupted the market prior to Powell's testimony and the release of the Consumer Price Index (CPI) data. Since Mexico and Canada are among the top three suppliers to the US, these tariffs have cast doubt on last week's temporary respite, potentially reigniting trade tensions. Adding to the uncertainty, Trump's remarks about the possibility of imposing sanctions on Japan - a key US ally - came shortly after the White House blocked Japanese steel acquisitions of US steel. Commodity prices remained relatively stable, while Asian stock markets declined, and Bitcoin briefly dropped to $95,000 before rebounding - suggesting that this is an emotion-driven market swing rather than a fundamental change in risk appetite. The volatility of Bitcoin is n

If Bitcoin breaks $100,000, the mainstream CEX cumulative short liquidation pressure will reach $1.012 billion.

On February 10th, based on Coinglass data, if Bitcoin manages to break through $100,000, the cumulative short liquidation intensity on mainstream CEXs will amount to $1.012 billion. Conversely, if Bitcoin drops below $95,000, the cumulative long liquidation intensity on mainstream CEXs will reach $862 million. BlockBeats' Note: The liquidation chart does not disclose the exact number of contracts to be liquidated or the precise value of the liquidated contracts. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent clusters, that is, intensity. Consequently, the liquidation chart shows the extent to which the underlying price will be influenced when it reaches a certain position. A higher "liquidation bar" indicates that the price will experience a more intense reaction due to a surge in liquidity.

Bitcoin Network Transaction Fee Drops to 1 Sat/byte, Ethereum Network Gas Reduced to 0.8 Gwei

On February 10th, based on Memepool and Etherscan data, the current transaction fee of the Bitcoin network has decreased to 1 Sat/byte, and the Gas of the Ethereum network has dropped to 0.8 Gwei.