KEYTAKEAWAYS
- Czech Republic eliminates capital gains tax on long-term Bitcoin holdings, while Trump ventures into crypto markets with unprecedented Bitcoin Plus ETF launch.
- BlackRock increases stake in Strategy to 5% amid growing institutional interest, while SEC evaluates modifications for spot Bitcoin ETF structures.
- Major tech companies' AI-related capital expenditure projected to exceed $320 billion in 2025, reflecting intensifying competition in artificial intelligence development.
CONTENT
Welcome to the CoinRank Crypto News Roundup. CoinRank will provide daily important crypto news in this column series, allowing readers to quickly obtain the latest crucial updates from the cryptocurrency market.
MORNING NEWS
1. Czech President Signs Bill Exempting Long-term Bitcoin Holdings from Capital Gains Tax
Czech President signed a law removing the capital gains tax on Bitcoin for holdings exceeding three years.
2. Ondo Finance Launches Institutional Layer-1 Blockchain Ondo Chain
Ondo Finance, the second-largest tokenized Treasuries issuer, announced plans to launch Ondo Chain, a Layer-1 blockchain designed for institutional finance and tokenized real-world assets. The network aims to bridge traditional capital markets with decentralized finance while maintaining institutional compliance standards and public blockchain transparency.
The platform will support tokenized real-world asset staking and native blockchain bridging for interoperability. Following the announcement, World Liberty Financial, backed by Donald Trump and family, invested $470,000 in ONDO tokens.
3. Record USDT Exchange Inflows Since 2022
IntoTheBlock reports $2.72B USDT was sent to exchanges this week, marking the largest net inflow since 2022. This surge coincides with recent market volatility that triggered widespread liquidations, suggesting traders are moving stablecoins to exchanges for additional collateral and position protection.
4. Trump to Launch Bitcoin Plus ETF
Bloomberg senior ETF analyst Eric Balchunas announced that Trump is launching a Bitcoin Plus ETF through Truth.Fi, marking the first-ever ETF from a former U.S. President. Trump maintains majority ownership of the venture.
5. Fed Governor Waller: Stablecoins Will Strengthen USD’s Reserve Currency Status
Federal Reserve Governor Waller stated that stablecoins act as synthetic dollars and could reinforce the USD’s position as the global reserve currency. He supports their development if they make payments faster and cheaper, but emphasizes the need for prompt regulation. When asked about potential Bitcoin strategic reserves, Waller confirmed the Fed would not operate such programs and dismissed the need for a retail CBDC.
NOON NEWS
1. SEC Seeks Public Comment on Grayscale Litecoin Trust Conversion
The SEC has requested public comments on NYSE Arca’s proposal to convert Grayscale’s Litecoin trust into an exchange-traded product. Comments must be submitted within 21 days of Federal Register publication. The agency could approve, disapprove, or initiate proceedings.
2. SEC Considers Modifying BlackRock’s Spot Bitcoin ETF for In-Kind Redemptions
The SEC is evaluating a proposal to allow in-kind redemptions for BlackRock’s spot Bitcoin ETF. The change would only affect authorized participants, not individual investors. Comments are due within 21 days of Federal Register publication.
3. Ripple Predicts Over 10% Global Asset Tokenization by 2030
The global custody services market is projected to grow from $41 billion in 2023 to over $100 billion by 2033, driven by digital assets. Ripple expects more than 10% of world assets to be tokenized by 2030, including stocks, bonds, ETFs, art, and carbon credits.
4. Donald Trump Jr.: Cryptocurrency Could Be “Future of American Hegemony”
Speaking at the Ondo Summit in New York City, Donald Trump Jr. expressed his belief that cryptocurrency represents the future of American economic dominance, emphasizing the need for appropriate regulatory frameworks that preserve crypto’s fundamental benefits.
5. Analyst: Ethereum’s Net Outflow from Derivatives Exchanges Hits Highest Level Since August 2023
CryptoQuant analyst Amr Taha reported 300,000 ETH ($817.2 million) net outflow from derivatives exchanges on February 6, reaching the highest level since August 2023. This is considered a bullish signal as it indicates reduced selling pressure and leverage position closures.
EVENING NEWS
1. BlackRock Increases Strategy Stake to 5%, STRK Up 5% Pre-Market
BlackRock disclosed a 5% ownership stake in Strategy (formerly MicroStrategy), equivalent to approximately 11.2 million shares, up from 4.09% in September 2024. Strategy’s perpetual preferred stock (STRK) began trading on Nasdaq Thursday, closing up 2% with over 650,000 shares traded and gaining 5% in pre-market trading.
2. Tech Giants’ AI Arms Race Intensifies: Capital Expenditure to Exceed $320 Billion This Year
Microsoft, Meta, Alphabet, and Amazon’s combined capital expenditure reached $246 billion in 2024, a 63% increase from $151 billion in 2023. Projections indicate their total capital expenditure could exceed $320 billion in 2025, intensifying the AI race. Wall Street expresses concern about returns on investment, particularly as Chinese firms like DeepSeek demonstrate lower-cost AI development approaches.
3. Source: Tether Plans to Accelerate Investment Expansion
According to Bloomberg sources, Tether plans to accelerate its dealmaking using its growing wealth. CEO Paolo Ardoino noted at the Plan B forum in El Salvador that Tether has gained mainstream institutional acceptance despite previous regulatory scrutiny over its tokens’ illicit use.
4. Polymarket Shows 84% Probability for Solana ETF Approval This Year
Prediction market Polymarket data indicates an 84% probability of Solana ETF approval in 2025, with the prediction contract reaching a total trading volume of $65,739.
5. U.S. Legislators Propose Stablecoin Bill to Strengthen Dollar Dominance
Representatives French Hill and Bryan Steil released a draft bill establishing a regulatory framework for dollar-pegged stablecoins. The legislation includes a two-year moratorium on endogenously collateralized stablecoins and requires Treasury Department research. Trump administration’s Crypto Czar David Sacks suggests stablecoins could extend dollar’s international dominance.
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