Biden administration prepares to release initial nationwide digital currency strategy as early as February

https://www.bloomberg.com/news/articles/2022-01-21/white-house-is-set-to-put-itself-at-center-of-u-s-crypto-policy

BTC balances of exchanges continue to be at lows, Glassnode reports balances at monthly lows of 2500kk BTC

📉Crypto market cap loses $680 billion in 2022 as BTC slumps under $34k

Notably, the crypto market is down 7.42% decrease over the last day, while the overall crypto market volume has decreased by 11.71% in the previous 24 hours to $94.83 billion, according to CoinMarketCap.

https://finbold.com/crypto-market-cap-loses-680-billion-in-2022-as-btc-slumps-under-34k/

💰BBG: after breaking through multiple supports, people's next focus is on the $30,000 BTC level

Santiment: BTC 'Buy The Dip' Sentiment Seen Soaring

🔥 Ethereum Foundation abandoned the terms "Ethereum 1.0" and "Ethereum 2.0"
The new roadmap adopted the names "execution layer" (executing layer) and "consensus layer" (consensus layer), respectively, which corresponds to the transition from PoW to PoS

🔥Bloomberg Intelligence Chief Strategist: BTC and ETH are still at an early stage of implementation. Demand for them is growing, supply is falling. Prices will rise in the long term

​📈Similarities of the weekly charts of the NASDAQ index (before the dot-com bubble) and bitcoin

Chart - Matthew Hyland

💰Glassnode: BTC outflows from exchanges have increased again

hodlers started accumulating again

Data from GWI published in the new Digital 2022 Global Overview Report reveals that the number of people who own cryptocurrencies has jumped by more than a third (+37.8 percent) since this time last year.

More than 1 in 10 working-age internet users now owns some form of “crypto”, with that figure rising to more than 2 in 10 in Thailand.

https://datareportal.com/reports/digital-2022-big-rise-in-cryptocurrency-ownership?rq=crypto

Coinbase Pro will list Aventus (AVT), Render Token (RNDR) & Quantstamp (QSP).
Trading will begin on or after 9AM PT on Thurs 2/3, if liquidity conditions are met.

https://mobile.twitter.com/CoinbaseAssets/status/1488966890424778761

✅Santiment: BTC-SPX correlation

📈The Block: The total supply of stablecoins in the system (including cryptocurrency-backed and algorithmic stablecoins) exceeded $170 billion

📈Santiment: XRP is +37% the past 4 days, and finally is reacting to its daily active address uptick that started in mid-January. XRPNetwork's coin currently sits a tick above $0.82 and is outputting the same addresses as it did in early November at $1.18.

https://twitter.com/santimentfeed/status/1490839810981830660

Bitcoin’s “fair value” is around 12% below the current price, based on its volatility in comparison with gold, according to JPMorgan Chase & Co. strategists led by Nikolaos Panigirtzoglou.

The strategists calculated the fair-value level at around $38,000 based on Bitcoin being roughly four times as volatile as gold, they wrote in a note published Tuesday.

https://www.bloomberg.com/news/articles/2022-02-09/bitcoin-s-volatility-versus-gold-implies-38-000-value-jpmorgan#:~:text=Bitcoin's%20%E2%80%9Cfair%20value%E2%80%9D%20is%20around,strategists%20led%20by%20Nikolaos%20Panigirtzoglou.

🔥 ANNOUNCING THE PROJECT GALAXY TOKEN SALE ON COINLIST 🔥

Project Galaxy is built on open and collaborative infrastructure with the mission to help Web 3 developers use digital credential data and NFTs to build better products and communities.

The sale begins on February 17, 18:00 UTC and has one public option. We invite all eligible users to register.

Learn more and register 👉 https://cnl.st/34K4nKG

✅Cryptorank: Top 10 Metaverse Crypto Projects by Market Cap

💰Astar (Polkadot Parachain) Launches $100M Incentive Program for Smart Contract Developers

https://medium.com/astar-network/astar-network-announces-100m-astar-boost-program-e6d56099cfcd

📈Santiment reports that only 10.87% of the total BTC in circulation remains on exchanges.

This figure is the lowest since December 2018.

The amount of bitcoin on the wallets of exchanges is decreasing, reducing the likelihood of large sales.

✅Uber will ‘absolutely’ accept bitcoin as payment in the future, CEO says

Uber CEO Dara Khosrowshahi said the company is “having conversations all the time” on whether it should begin to accept cryptocurrencies as a form of payment.
“Is Uber going to accept crypto in the future? Absolutely, at some point,” Khosrowshahi told Bloomberg.

https://www.google.com/amp/s/nypost.com/2022/02/11/uber-will-absolutely-accept-bitcoin-as-payment-in-the-future-ceo-says/amp/

💰Chain infrastructure company CEO Deepak Thaplyal purchased NFT CryptoPunk #5822 for 8,000 ETH (~$23.7 million). The purchase was the largest ever collection from Larva Labs.

To purchase the token, Thaplyal used a loan on the Compound lending platform. According to him, this made it possible to purchase NFTs without selling cryptocurrencies.

✅Glassnode: BTC withdrawal from exchanges continues