- Trade tensions push investors toward Bitcoin as a hedge against uncertainty.
- MicroStrategy’s Bitcoin strategy signals institutional confidence in long-term crypto growth.
- Bittensor’s dTAO upgrade enhances decentralized AI, impacting the crypto ecosystem.
The past 12 hours have witnessed significant developments in both global trade and the cryptocurrency space. U.S. President Donald Trump has announced plans for new tariffs, triggering immediate responses from China and India. Simultaneously, key updates in the crypto industry, including MicroStrategy’s potential Bitcoin acquisitions, Japan’s exploration of a Bitcoin Spot ETF, and Bittensor’s major dTAO upgrade, are influencing market sentiment. Here’s a breakdown of the key events.
Trump’s Tariff Plans and Global Repercussions
Trump’s latest move to impose a 25% tariff on all steel and aluminum imports has sent ripples through the global economy. The policy, part of a broader strategy to implement reciprocal tariffs, is expected to impact major exporters like Canada and Mexico. In response, China has announced retaliatory tariffs of 10-15% on U.S. exports, including coal, LNG, crude oil, farm equipment, and large automobiles, set to take effect on February 10. These developments are heightening fears of an extended trade conflict that could impact both traditional markets and crypto investors seeking refuge in digital assets like Bitcoin.
Central African Republic’s $CAR Token Sparks Speculation.
Faustin-Archange Touadéra, the President of the Central African Republic (CAR), has announced the launch of a memecoin named $CAR. However, questions about the authenticity of the announcement remain, as some speculate that his social media account may have been compromised. The CAR government has previously expressed interest in blockchain technology, making this an intriguing development for the crypto community. $CAR is currently being traded on the Solana-based platform Pump. Fun at approximately $0.45, with a market cap of $374.4 million.
Bitcoin Adoption Gains Momentum
Michael Saylor, co-founder of MicroStrategy (now rebranded as Strategy), hinted at plans to resume Bitcoin acquisitions after a temporary pause. The company, known for its aggressive Bitcoin accumulation strategy, currently holds 471,107 BTC, valued at over $45 billion. A new purchase would mark its first major accumulation since its rebranding.
Meanwhile, Japan’s Financial Services Agency is considering the introduction of a Bitcoin Spot ETF, signaling growing institutional acceptance of the asset class. This development aligns with global trends following the U.S. SEC’s recent approval of Bitcoin Spot ETFs. Additionally, Texas lawmakers are reviewing a proposal to establish a state-managed Bitcoin reserve, reinforcing the state’s ambition to become a leader in digital asset adoption.
Key Crypto Upgrades and Airdrops
Bittensor’s highly anticipated dTAO upgrade, the largest in the network’s history, is set to go live today. This upgrade introduces fundamental improvements to its decentralized machine learning protocol, potentially impacting the broader AI-crypto ecosystem.
In a separate development, Berachain has completed its second airdrop, distributing 12.98 million BERA tokens, which accounts for 12.08% of its circulating supply.
Pump Fun Token Rumors Debunked
Rumors about the launch of a Pump. Fun tokens have circulated widely, with speculation suggesting a supply of 420 million tokens, half of which would be reserved for public sale. However, co-founder Alon Cohen dismissed these claims, stating that the platform currently has no plans for a token launch.
Conclusion
As these geopolitical and blockchain-related events unfold, market participants are closely monitoring their impact on both traditional and digital asset markets. The interplay between escalating trade tensions and growing crypto adoption will likely shape financial landscapes in the days ahead.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
