Bloomberg: BlackRock Plans to Launch Bitcoin ETP in Europe
On February 6th, as per Bloomberg, it is stated that BlackRock is in the process of preparing to launch a Bitcoin-linked exchange-traded product (ETP) in Europe. According to those with knowledge of the matter, the fund is likely to be based in Switzerland and may commence trading as early as this month. In response to this news, a spokesperson for BlackRock declined to offer any comments.
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Coindesk: Enterprises Engage in a Race for Bitcoin
On February 6th, as reported by Coindesk, Brandon Turp from Next Layer Capital pointed out that integrating Bitcoin into a corporate balance sheet is not merely a trend but a transformation in how companies create and safeguard shareholder value.
Companies usually hold a large amount of cash reserves to ensure stability and liquidity. Nevertheless, MicroStrategy's CEO Michael Saylor vividly compared cash to a "melting ice cube," constantly losing purchasing power due to currency depreciation. In contrast, Bitcoin, with its fixed supply, global liquidity, and asymmetric upside potential, has become a viable alternative.
Although many companies still adhere to traditional financial strategies, corporate finance is undergoing a fundamental transformation. Currently, more than 70 publicly traded companies hold Bitcoin on their balance sheets, such as Tesla, Coinbase, and Block. Even companies outside the technology and finance industries are adopting this approach, indicating its broad a
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Cryptocurrency Analyst Rekt Capital States Bitcoin Dominance Needs to Exceed 70% to Kickstart a New "Altseason"
February 6th. As per crypto analyst Rekt Capital, for a new altseason to potentially commence, Bitcoin Dominance needs to surpass 70%. Currently, Bitcoin Dominance has risen to 64.3% and then retreated to 61%, yet the overall trend remains upward. The analysis indicates that the altseason that lasted until the end of 2024 has already come to an end. Since dropping below 55% in December last year, Bitcoin has been on a recovery path and is currently up by 6%. Historical data shows that 71% is a crucial level for Bitcoin Dominance. If BTC.D encounters resistance at that level, the market may witness the start of a new altcoin season.
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A entrepreneur launched a Meme token and conducted a rug pull, profiting $1.48 million, and has now deleted the promotional tweet.
On February 6th, as per the monitoring of lookonchain, Mohammed Dewji MO (@moodewji), a Tanzanian businessman and entrepreneur, launched the TANZANIA token and sold it to investors, reaping a profit of $1.48 million. He distributed 90 SOL tokens (valued at approximately $18,000) to 20 wallets and then purchased 7.93 billion TANZANIA tokens (accounting for 79.5% of the total supply). After completing the accumulation, he disclosed the contract address and subsequently sold all 7.93 billion TANZANIA tokens in exchange for 7,373 SOL tokens (around $1.5 million), ultimately netting a profit of 7,283 SOL tokens (about $1.48 million). Currently, he has deleted all relevant tweets.
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European Central Bank Governing Council: Supports Gradual 25 Basis Point Rate Cut
On February 6th, a board member of the European Central Bank, Beno?t C?uré, stated, "To keep inflation at 2%, we might need to reduce the interest rate below the neutral rate. The neutral rate will be lower than 2%."
"We need to definitely maintain a downward trend in interest rates. I am in favor of a gradual 25-basis-point rate cut. In the face of potential tariffs, Europe must unite and anticipate the upcoming negotiations." (FXStreet)
3 minutes ago
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