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Prediction markets are just a precursor in a more popular field, with the potential to be applied to social media, science, news, governance, and other areas, categorized as "information finance."
ADA is today’s top performer as its price is close to $0.6.
Quick Take A cold wallet that received 30,371 BTC from Mt. Gox last week sent $2.24 billion worth of bitcoin to a new wallet on Sunday. Mass bitcoin movements seen in Mt. Gox and related wallets typically precede creditor repayments.
Quick Take Stacks founder Muneeb Ali, in a post on X, hinted that the long-awaited Stacks upgrade could come as early as next month. Stacks bills sBTC as the first trustless two-way bitcoin peg system, with the potential to expand DeFi applications on the bitcoin base layer.
- 14:30Musk: Some Reddit users threatening DOGE employees is illegal, don't mess with DOGEOn February 4th, Elon Musk, the head of the U.S. Department of Government Efficiency (DOGE), retweeted a post titled "Reddit Lies" from user X. The post exposed multiple anonymous Reddit users threatening DOGE department employees, with some content even advocating for extreme actions against them and implying attempts to find their addresses for targeted actions. Musk retweeted this post stating: "They (the relevant Reddit users) have broken the law." Shortly after, Musk released a statement from Edward R. Martin Jr., Federal Prosecutor for the District of Columbia. The statement said that the Justice Department has conducted a preliminary review of related evidence and found clear threats made by individuals and groups against DOGE employees. Currently, the department is closely cooperating with FBI and other law enforcement agencies and has initiated prosecution procedures. Musk commented along with his text: Don't mess with DOGE.
- 14:29The Berachain mainnet will launch on February 6, 2025.The Berachain Foundation officially announces that the Berachain mainnet will be launched on February 6, 2025.
- 14:11Analysis: Today, over 1.07 billion USDC flooded into CEX, the trading characteristics highly match with institutional investor behaviorAccording to a report by Cryptoquant analyst Maartunn, today more than 1.07 billion USDC flowed into centralized trading platforms, with transaction characteristics highly consistent with institutional investor behavior. Historical data shows that an increase in exchange USDC reserves often indicates a positive trend in Bitcoin prices. Notably, similar scale capital inflows also occurred after the FTX crash in December 2022, which coincided precisely with the market bottoming out. The analyst also reminded that USDC inflow could be used for collateralization or other purposes.