The Blockchain Bulletin, Feb 6: Michael Saylor Changes MicroStrategy to Strategy
Heyya! Let’s get started on another edition of The Blockchain Bulletin. Over the past 24 hours, several developments have taken place in the crypto world and the prominent among them would be Michael Saylor’s latest decision.
The Bitcoin Maximalist has taken a strategic step by rebranding Microstrategy to Strategy on Wednesday. Saylor, who celebrated his 60th birthday on Tuesday, stated that although the brand has changed, it works with the same strategy.
The cryptocurrency landscape is undergoing dynamic shifts, marked by regulatory changes, market movements, and technological advancements. The U.S. SEC has downsized its crypto unit, signaling potential regulatory easing under President Trump’s influence. His newly appointed Crypto Czar has unveiled plans for structured regulations and a Bitcoin reserve strategy, potentially reshaping the financial ecosystem.
Ripple’s XRP Ledger has recovered from an unexpected halt, reinforcing confidence in its stability. Dogecoin is gaining momentum, eyeing $0.50, supported by strong liquidity zones. Meanwhile, Tether’s increased minting activity suggests heightened demand, as its CTO, Paolo Ardoino, explores AI integration.
Optimism (OP) has seen a sharp downturn, with analysts debating a trend reversal. Chainlink (LINK) faces volatility amid whale activity, testing its key support levels. Shiba Inu has partnered with UAE entities to enhance energy infrastructure, expanding blockchain’s real-world applications.
Bitcoin’s strategic role is evident in Metaplanet’s success, while Berachain’s BERA token launch on Bybit marks a milestone. XRP faces key resistance, with speculation on breaking past $5.85. As the crypto space evolves, regulatory shifts, technological breakthroughs, and institutional strategies continue shaping its future.
BlackRock’s IBIT leads Bitcoin ETFs with a whopping $249M, pushing total inflows to $341M, while Ethereum witnessed $308M inflows. BlackRock’s ETHA and Fidelity’s FETH accounted for over 98% of ETH ETFs. Taking a notable step, BlackRock will be listing its Bitcoin ETP in Europe, making it the first crypto-linked ETP outside the US.
The crypto community was shocked when the $PAIN meme coin team announced an 80% refund of its presale profit to investors. Notably, the meme coin raised 185,976 SOL within 48 hours, setting a new record for the highest dollar value of a meme coin presale on the Solana chain.
Flare collaborates with Google Cloud to host the Verifiable AI Hackathon in March. The event features a $100M prize pool, with $60K allocated for in-house participants and $40K for virtual competitors.
According to data from WhaleAlert, 19,037 ETH were moved from Coinbase to an unknown wallet. Meanwhile, Coinbase has extended support to Ether fi (ETHFI), which will be available for trade starting today.
