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Share link:In this post: One Bitcoin is now more valuable than 1kg of gold as BTC breaches $89k. Analysts believe Bitcoin is just getting started and is still due for more value rallies. The Bitcoin industrial complex recorded $38 billion in daily trading volume, with BTC ETFs and MSTR and COIN stocks attracting record market interest.
Quick Take BlackRock’s BUIDL fund, tokenized by Securitize, is expanding from Ethereum to the Aptos, Arbitrum, Avalanche, Optimism and Polygon blockchains. BUIDL currently leads the tokenized government securities niche with $517 million in assets under management — equivalent to a market share of roughly 22%.
Quick Take Pepe surged in price following Robinhood’s announcement that it has listed the memecoin for spot trading, and an update from Coinbase revealing it will also list the token later today. The memecoin has surged by over 30% in the past hour, and over 40% in the past 24 hours.
Quick Take Bitcoin and crypto industry advocate Pete Hegseth has been nominated for Secretary of Defense by President-elect Donald Trump. Hegseth recently said Trump is “making bitcoin great again” amid the more crypto-friendly regulatory environment anticipated under his administration.
Quick Take President-elect Donald Trump appointed Tesla CEO Elon Musk and Strive Enterprises co-founder Vivek Ramaswamy to lead his new Department of Government Efficiency (DOGE). In a note to clients late Tuesday, Bitwise CIO Matt Hougan made the case for a $500,000 bitcoin price before the cryptocurrency’s early stage comes to an end and the asset “matures.” Zero Gravity Labs (0G Labs or 0GL), a crypto-AI startup developing infrastructure for a decentralized AI operating system, has secured $290 million
- 02:46OpenAI launches deep research function, generating analyst-level reports in 5 to 30 minutesOn February 4th, following the impact of DeepSeek, the release frequency of OpenAI's new product features has significantly increased. Following the release of the official o3-mini model three days ago and the free addition of the "inference" button in ChatGPT, on the morning of February 3rd Beijing time, OpenAI released a new ChatGPT feature called "Deep Research", which aims to generate analyst-level reports after 5 to 30 minutes of networking and deep thinking. Currently, Pro users can use this feature. OpenAI CEO Sam Altman said that this is a service like "on-demand experts" that can complete tasks that previously took hours or days. However, OpenAI stated that this feature sometimes produces illusions or makes incorrect inferences in the answers, but the probability of errors is significantly lower than other models under existing ChatGPT.
- 02:46US Department of Justice accuses Canadian hacker Medjedovic of stealing $65 million through Indexed Finance and KyberSwapUS prosecutors on Monday charged 22-year-old Andean Medjedovic with two hacking attacks totaling $65 million. Court documents show that Medjedovic previously admitted to profiting about $16 million from the DeFi protocol Indexed Finance in October 2021. He is also believed to be behind the November 2023 attack on KyberSwap, which caused the protocol and its users to lose about $48 million in cryptocurrency. The hacker later sent about $2 million in cryptocurrency to digital wallets believed to be controlled by Medjedovic. Majdovic faces five charges, including fraud, money laundering, and extortion. On Monday, he did not respond to multiple requests for comment.
- 02:45Polymarket predicts a 70% chance of Bitcoin hitting a new historical high before March 31st.According to Polymarket data, the market expects a 70% probability that Bitcoin will reach a new historical high before March 31, 2025. The predicted market contract trading volume reached $193,618.