Crypto weekly is authored by maaria and david blumenfeld
PRICE CHANGE: WTD/YTD
- Crypto Market Cap ($3.34T): +2% / -2%
- BTC ($96,963): +1% / +4%
- ETH ($2,678): +2% / -20%
- SOL ($190): -4% / 0%
- UNI ($9.65): +7% / -27%
- OP ($1.11): +5% / -37%
- Tether Mkt Cap ($142B): 0% / +2%
- USDC Mkt Cap ($56B): 0% / +29%
- BTC / ETH Dominance: 58% / 10%
THIS WEEK IN CRYPTO
- Bitcoin dropped to $94,000 before recovering above $97,000 following higher-than-expected inflation data. Link.
- Coinbase reported Q4 2024 earnings of $2.27B quarterly revenue and $6.6B annually, more than double 2023. Link. Link. Link.
- Stablecoin revenue decreased from $247M to $226M as Coinbase shared USDC economics to expand adoption. Link.
- Robinhood achieved record Q4 results with $1.01B revenue, driven by 700% surge in crypto trading revenue reaching $358M. Link. Link. Link.
- OpenSea announced $SEA token airdrop and "OS2" relaunch expanding to fungible token trading. Link.
- Proposed stablecoin regulations may require nearly 100% reserves in Treasury securities, affecting Tether's Bitcoin holdings. Link.
- Ethereum Pectra upgrade client software released; mainnet launch expected April 8. Link.
- SEC requested settlement in its 2023 Coinbase lawsuit alleging unlicensed securities exchange operation. Link.
- Trump nominated Brian Quintenz, a16z crypto policy head, to lead the CFTC. Link.
- Administration reconsidering formal crypto council; considering industry-specific summits instead. Link.
- Major institutions disclosed significant Bitcoin ETF holdings in Q4 filings. Link. Link. Link.
- Federal judge paused SEC's Binance case for 60 days to allow regulatory framework development. Link. Link.
- Doodles launching $DOOD token on Solana. Link.
- Uniswap's Layer-2 blockchain Unichain went live on mainnet. Link.
- Argentina President Milei's promoted $LIBRA memecoin collapsed from $4.5B to $200M within hours. Link.
- BitGo exploring IPO later this year following failed Galaxy Digital acquisition in 2021. Link.
- South Korea's Financial Services Commission planning to lift 2017 institutional crypto trading ban. Link.
- Trump selected Jonathan Gould, former Bitfury CLO, to lead the Office of the Comptroller of the Currency. Link.
- KULR Technology Group investing up to 90% surplus cash reserves in Bitcoin, purchasing 610 BTC worth ~$55M. Link.