2025-02-06 Daily Crypto News Update

Tether CEO Paolo Ardoino denied on social media the speculation raised by Ansem that “Tether will launch its own blockchain network.”

Analysts at JPMorgan Chase pointed out in their latest research report that Ethereum is facing continued pressure from its competitors. The report shows that despite the overall rise in the crypto market, Ethereum has underperformed compared to Bitcoin and other tokens, with its market share dropping to a four-year low.
The analysts believe there are two main reasons for this: the competitive pressure brought by public chains like Solana and layer 2 networks offering lower fees and higher scalability, and the lack of a strong narrative logic for Ethereum compared to Bitcoin’s positioning as a store of value.
The analysts stated that even after the introduction of EIP-1559 in Ethereum’s London Upgrade to lower fees and improve scalability, activity is increasingly migrating from Ethereum’s mainnet to layer 2 networks, thereby weakening the base chain.

according to Cointelegraph, Solana has achieved a significant milestone, with the network running continuously for a full year without any downtime, setting a new record for the longest in history.

Sygnum’s Head of Investment Research, Katalin Tischhauser, made a predictive analysis stating that if the United States were to establish a strategic Bitcoin reserve, with every $1 billion influx, it could trigger a multiplier effect—significantly expanding Bitcoin’s market capitalization.
Tischhauser explained that with each additional $1 billion in inflow, Bitcoin’s market cap could increase by as much as $20 billion—this phenomenon is not only related to direct capital inflow but also comes with a significant price surge impact. Tischhauser stated: “Every $1 billion strategic reserve purchase may drive a 20x multiplier effect on Bitcoin’s market cap.”
She pointed out that this additional $19 billion multiplier effect will come from the resulting demand shock and the pressure of Bitcoin’s limited liquidity. The limited liquidity could drive exponential growth. Tischhauser stated, this impact is further exacerbated by Bitcoin’s own liquidity scarcity. She explained: “The potential demand shock will be very significant due to the very small liquid supply of Bitcoin.”
Her comments indicate that as new funds enter, limited supply forces prices to rise rapidly. After early-stage fund inflows are absorbed, price pressure will intensify, and subsequent demand will face a more strained Bitcoin supply. Tischhauser illustrates this dynamic by breaking down this effect: the first two $1 billion inflows will primarily “consume” the available demand, while the third and fourth $1 billion inflows will encounter a tighter supply environment, leading to accelerated price increases.

according to the Financial Times, Eurozone rate-setters urge economists to stop fixating on the so-called neutral rate, warning that in a region increasingly affected by weak growth and global uncertainty, this indicator “does not guide borrowing costs well.” European Central Bank’s Chief Economist Lane said the ECB should be ready to lower borrowing costs below neutral levels at any time to boost economic growth. “We should not constrain our freedom of action because of a theoretical concept,” he said, adding that the ECB should maintain an “open mind” on the final level of rates. (FXStreet)

Binance founder CZ posted on social media, stating that the number of active addresses on opBNB reached a new high last week.

Berachain Foundation announced that the Berachain Airdrop Query is now open, and the tokens can be claimed starting on February 6, 2025, through various EVM wallets such as Metamask, OKX Wallet, and others.
The total supply of tokens during the BERA Genesis period is 5 billion, with initial core contributor allocation at 16.8%; investor allocation at 34.3%; community airdrop allocation at 15.8%; future community incentive allocation at 13.1%; and ecosystem and R&D allocation at 20%.

according to market sources, the Federal Deposit Insurance Corporation (FDIC) plans to revise its cryptocurrency guidance. The FDIC aims to allow banks to engage in certain cryptocurrency activities, with bank officials meeting to discuss cryptocurrency custody and tokenized deposits.

U.S. Treasury Secretary Yellen stated that the Trump administration’s focus on reducing borrowing costs is the 10-year U.S. Treasury yield, not the Fed’s benchmark short-term rate.
When asked if U.S. President Trump hopes for a rate cut, Yellen said in an interview with Fox Business Network: “Both he and I are focused on the 10-year Treasury.” “He is not calling for a Fed rate cut.”
Yellen also stated that regarding the Fed, “I will only talk about what they have already done, not what I think they should do from now on.” He said that after the Fed “significantly cut interest rates,” the 10-year U.S. Treasury yield rose.

he probability of the prediction “The United States will establish a Bitcoin national reserve by 2025” on Polymarket has reached 46%.
As of the time of writing, the total trading volume for this prediction has reached $696,300.