KEYTAKEAWAYS
- Institutional movements intensify with MicroStrategy's potential Bitcoin purchase and HK Asia Holdings' strategic BTC accumulation, signaling continued corporate interest.
- Coordinated industry response to Bybit's security incident demonstrates maturing crypto security infrastructure, with $42.89M recovered within 24 hours.
- State-level Bitcoin adoption faces mixed reception as Montana rejects reserve bill while South Dakota advances similar legislation.
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. Michael Saylor Signals Potential Bitcoin Acquisition
MicroStrategy’s founder Michael Saylor has posted a cryptic message about Bitcoin Tracker information, stating “I don’t think this reflects what I got done last week.” Based on the company’s historical announcement patterns, this could indicate an imminent disclosure of new Bitcoin purchases. MicroStrategy has consistently followed such hints with formal acquisition announcements the following day.
2. Bybit’s Coordinated Asset Recovery Success
Bybit announced the successful freezing of $42.89M within 24 hours through an industry-wide collaborative effort. The recovery involved multiple platforms:
- Tether: Flagged addresses and froze 181K USDT
- THORChain: Implemented blacklist blocking
- ChangeNOW: Froze 34 ETH
- FixedFloat: Secured 120K USDC + USDT
- Avalanche: Froze 0.38755 BTC
- CoinEx, Bitget: Blocked blacklisted addresses and provided crucial intelligence
- Circle: Assisted with connections and investigative leads
3. Dogecoin Network Activity Reaches Critical Low
Dogecoin’s network activity has plummeted to its lowest level since October 2024, with daily active addresses falling below 60,000 and only 66 whale transactions recorded. This significant decrease in network participation suggests a potential shift in user engagement with the popular meme cryptocurrency.
4. Montana’s House Rejects Bitcoin Reserve Bill
The Montana House of Representatives voted 41-59 against House Bill No. 429, which proposed including Bitcoin as a state reserve asset. The bill would have:
- Created a special revenue account for digital asset investments
- Allowed investments in assets with market caps above $750B
- Included precious metals and stablecoins in the investment portfolio Republicans led opposition, citing concerns about taxpayer fund speculation. The bill’s failure contrasts with 24 other states’ similar initiatives, with 20 still actively pursuing Bitcoin reserve legislation.
5. Stablecoin Market Reaches New Heights
The total stablecoin market capitalization has hit $226.17B, representing a weekly increase of $868M (+0.39%). Key statistics:
- USDT dominance: 63.21% market share
- Weekly growth: $868M additional market cap
- Total market size: $226.17B This growth indicates continued demand for digital dollar alternatives in the crypto ecosystem.
NOON NEWS
1. Cross-Chain Bridge Activity Analysis
Past week’s cross-chain bridge flows show significant movement:
- Berachain: +$85.47M (highest net inflow)
- Base: +$48.28M
- Sonic: +$37.98M Notable outflows:
- Ethereum: -$135M
- Avalanche: -$110M
- BSC: -$58M Additionally, Berachain’s TVL increased by 16.52% to $3.271B, surpassing Base to rank sixth among all chains.
2. Circle’s Aggressive Solana USDC Expansion
Circle has minted 8 billion USDC on Solana in 2025:
- January: 6 billion USDC
- February: 2 billion USDC Recent activity includes a single mint of 250M USDC by USDC Treasury on Solana, highlighting continued stablecoin growth on the network.
3. Bybit’s Asset Recovery Through mETH Protocol
The mETH Protocol team played a crucial role in Bybit’s security incident response, successfully recovering 15,000 cmETH tokens valued at approximately $43M. This recovery demonstrates effective collaboration between protocol teams and exchanges in security incidents.
4. Bgin’s Strategic US IPO Filing
Singapore-based crypto mining manufacturer Bgin Blockchain Limited has filed for a $50M US IPO:
- Offering structure: 59.54M Class A shares and 15.69M Class B shares
- Nasdaq listing planned under “BGIN”
- Company highlights:
- Founded in 2019
- Sold 68,000 mining rigs in 2023
- Operates 33,862 active mining rigs across the US
- Additional 12,000 non-operating rigs in US and Hong Kong
- R&D expansion planned with IPO proceeds
5. Jupiter DEX’s Remarkable Growth
Jupiter DAO reported exceptional volume growth:
- January 2023: $1B in trading volume
- January 2025: $184B in trading volume This 184x increase demonstrates the platform’s rapid expansion and growing market share in the DEX space.
EVENING NEWS
1. South Dakota’s Bitcoin Reserve Initiative
South Dakota’s Bitcoin reserve bills are scheduled for hearing in the Commerce and Energy Committee, representing ongoing state-level interest in cryptocurrency adoption despite Montana’s recent rejection.
2. CoinShares Investment Flow Analysis
Digital asset investment products recorded significant movements:
- Weekly outflows: $508M
- Two-week total outflows: $924M
- Previous 18-week inflow total: $29B Altcoin inflows:
- XRP: +$38.3M (total $819M since November 2025)
- Solana: +$8.9M
- Ethereum: +$3.7M
- Sui: +$1.47M
3. Ethena’s Major Funding Round
Crypto project Ethena secured $100M in December:
- Key investors: Franklin Templeton and F-Prime Capital
- Purpose: Development of new stablecoin products for traditional financial institutions
- Funding structure: Private sale of ENA tokens
4. HK Asia Holdings Expands Bitcoin Position
HK Asia Holdings Limited’s latest Bitcoin investment:
- New purchase: 7.88 BTC at $761,000
- Total holdings: 8.88 BTC
- Average cost basis: $97,000 per BTC
- Funding: Internal resources
- Board approval: Confirmed
5. Pump.fun’s Revenue Milestone
Pump.fun has demonstrated strong performance:
- Weekly revenue: $14.76M
- Surpassed Tron’s $11.42M
- Achieved third position in revenue rankings This success indicates growing platform adoption and market share expansion.
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