KEYTAKEAWAYS
- Traditional financial institutions are rapidly embracing crypto, with BlackRock planning Swiss Bitcoin products and endowment funds increasing their digital asset exposure.
- Stablecoin market reaches new heights at $224B while investment products see consistent weekly inflows, indicating growing mainstream financial integration.
- Government and regulatory involvement intensifies with Texas's Bitcoin reserve bill and Nasdaq's new ETF applications for alternative cryptocurrencies.
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. B3 Exchange to Launch Bitcoin Options, ETH and SOL Futures
Brazil’s leading stock exchange B3 is expanding its cryptocurrency offerings with the introduction of Bitcoin (BTC) options contracts alongside futures contracts for Ethereum (ETH) and Solana (SOL), broadening its digital asset product lineup.
2. Wall Street Bullish on Gold as Gold-Backed Tokens Show Strong Performance
Amid trade war concerns and central bank accumulation, both Citi and UBS have raised their gold price forecasts. Citi has increased its near-term target to $3,000 per ounce and adjusted its annual average expectation from $2,800 to $2,900. UBS similarly raised its 12-month target to $3,000. Gold has already climbed to $2,860, marking a 9% gain this year. Gold-backed tokens like PAXG and XAUT are outperforming the broader crypto market, with further gains expected if gold prices continue to rise.
3. BlackRock Plans Swiss Bitcoin Spot Investment Product
BlackRock, the world’s largest asset manager, is planning to launch a spot Bitcoin investment product in Switzerland. CEO Larry Fink has described Bitcoin as a safe haven against currency devaluation. The company’s Bitcoin funds continue to see record inflows, indicating growing institutional demand.
4. Tether CEO: Quantum Computing Not Yet a Threat to Bitcoin
Paolo Ardoino, CEO of Tether, posted on X that quantum computing remains far from posing any meaningful risk to Bitcoin’s cryptography. He predicts that quantum-resistant addresses will be implemented before any serious threat emerges, allowing users to transfer their Bitcoin to new secure addresses. Any Bitcoin in lost wallets, including Satoshi’s (if not alive), would potentially be accessed and returned to circulation.
5. Texas Bitcoin Reserve Bill Advances to Senate Finance Committee
The Texas Strategic Bitcoin Reserve Act has been submitted to the Senate Finance Committee for review. The bill, introduced by Senator Charles Schwertner, proposes establishing a state-controlled Bitcoin reserve as a financial safeguard. The legislation would allow the state to hold Bitcoin as a financial asset and accept Bitcoin donations from residents to promote shared ownership in the state’s financial future. The bill includes strict security protocols and oversight measures.
NOON NEWS
1. Polymarket Reports $1.1B in Super Bowl Betting Volume
Decentralized prediction market platform Polymarket achieved $1.1 billion in trading volume during this year’s Super Bowl event. The Philadelphia Eagles’ 40-22 victory over the Kansas City Chiefs resulted in user “abeautifulmind” profiting $550,000, while user “hubertdakid” lost $718,000 on the opposing bet. The platform’s sports-related contracts have now exceeded $6 billion in total volume.
2. Report: Crypto Sector Expected to See Consolidation Wave, VCs Focus on Stablecoins and AI
Investment research firm PitchBook reports that crypto funding in Q4 2024 increased 13.6% quarter-over-quarter to $2.5 billion across 351 deals. Early-stage startups saw median valuations double to $52 million, while later-stage companies received only 5% of total funding rounds.
3. $170M in Liquidations Over Past 12 Hours, Mostly Long Positions
Coinglass data shows $170 million in total liquidations over the past 12 hours, with $118 million in long positions and $51.84 million in short positions being liquidated.
4. Metaplanet to Rebrand Tokyo Hotel as “The Bitcoin Hotel”
Japanese listed company Metaplanet has announced plans to rebrand its Royal Oak Hotel in Tokyo’s Gotanda area as “The Bitcoin Hotel” this year. The venue will host Bitcoin-related seminars and events. Storm Research analyst Rhiannon Ewart-White notes that while Metaplanet has profitable hotel operations, their small scale could pose challenges if Bitcoin prices decline significantly.
5. Stablecoin Market Cap Exceeds $224B, Sets New Record According to DefiLlama data, the total stablecoin market capitalization has surpassed $224 billion, reaching $224.204 billion and setting a new all-time high. The sector grew approximately 3.12% over the past week, with USDT’s market share declining to 63.42%.
EVENING NEWS
1. Metaplanet to Issue ¥4.0B in Bonds for Bitcoin Purchases
Japanese listed company Metaplanet has announced plans to issue ¥4.0 billion in ordinary bonds to fund additional Bitcoin purchases.
2. Strategy Reports $4.17B in Shares Available for Issuance and Sale
Strategy (formerly MicroStrategy) disclosed in an 8-K filing that it sold 516,413 shares between February 3-9, 2025, generating net proceeds of approximately $179 million. As of February 9, 2025, about $4.17 billion in shares remained available under their Sales Agreement.
3. Financial Times: U.S. Endowment Funds Increase Crypto Investments The Financial Times reports that U.S. endowment funds are boosting their cryptocurrency investments amid rising Bitcoin prices and Donald Trump’s attention to the crypto industry. Pantera Capital partner Franklin Bi notes a “huge shift” in interest from endowments and foundations compared to five years ago.
4. Nasdaq Files 19b-4 Applications for CoinShares LTC and XRP ETFs
Nasdaq has submitted 19b-4 applications to the SEC for CoinShares LTC ETF and CoinShares XRP ETF. These applications are rule change proposals typically submitted by exchanges to list new financial products like ETFs.
5. CoinShares: Digital Asset Investment Products See $1.3B Weekly Inflow
CoinShares’ latest weekly report shows digital asset investment products received $1.3 billion in net inflows for the fifth consecutive week, bringing year-to-date inflows to $7.3 billion. Total assets under management declined from the January peak of $181 billion to $163 billion due to recent price drops. Bitcoin saw $407 million in inflows, while Ethereum led with $793 million in inflows.
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