• About Us
  • Careers
  • Contact
No Result
View All Result
Friday, June 6, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result

Your Weekend Crypto Roundup | February 2025 (Week 1)

7 February 2025
in Markets
Reading Time: 7 mins read
106 7
Home Markets

Contents

Toggle
  • Biggest Story
  • Other Stories Making Waves
  • Around the World: Bold Moves and Crypto Regulations
  • Market Trends: Winners and Losers
    • Top 5 Gainers 📈
    • Top 5 Losers 📉
  • Project Spotlight

Hi there! 

We are closing out the first full week of February, yet it still feels as though January hasn’t ended. A lot is happening at the same time—Trump, Musk, and the U.S. continue to dominate headlines in the crypto market—and it does look like there is no end in sight anytime soon. The good news is that these changes will likely turn out a net-good for the sector. 

As we always do, let’s bring you up to speed with this week’s top stories!

Biggest Story

Coinbase CLO Testifies in Congress on Alleged Crypto Banking Crackdown

Coinbase’s Chief Legal Officer, Paul Grewal, and key U.S. crypto stakeholders testified before Congress on February 6, 2025, over allegations that regulators pressured banks to sever ties with crypto firms. 

This hearing followed reports of over 30 crypto founders having their bank accounts closed amid concerns of a coordinated crackdown. Although regulators deny such actions, internal Coinbase documents suggest otherwise. 

Grewal addressed claims that agencies like the FDIC encouraged banks to limit exposure to digital assets. Industry leaders such as MARA Holdings CEO Fred Thiel and Anchorage Digital CEO Nathan McCauley also joined Grewal in criticizing regulatory overreach and “regulation by exhaustion,” which some lawmakers claimed discouraged banks from collaborating with crypto companies. 

However, lawmakers remain divided; some call for stronger oversight, while others caution against excessive intervention that could stifle innovation and limit consumer access to finance services.

Other Stories Making Waves

Canadian Hacker Charged in Multi-Million Dollar DeFi Exploits: U.S. authorities charged Canadian hacker Andean Medjedovic with orchestrating DeFi hacks and stealing over $65 million from KyberSwap and Indexed Finance. Despite a global manhunt, he is still at large. He faces up to 20 years in prison per charge.

Trump’s Tariffs Shake Crypto Markets: Crypto markets took a hit as Trump imposed steep tariffs on Canada, Mexico, and China, triggering a global trade war. Investors are dumping risky assets, causing market volatility. Analysts believe cross-asset reallocation, not crypto-specific issues, is behind the turmoil. 

AI Meets Blockchain: AVAXAI Launches DeFi AI Agents: Avalanche DeFAI Agents has launched a groundbreaking AI-powered DeFi platform on Avalanche. The project allows users to create, trade, and co-own AI agents using blockchain technology. 

USDT Now Live on Bitcoin and Lightning Network: Tether has officially launched USDT on Bitcoin’s base layer and Lightning Network, making stablecoin payments faster and cheaper. The integration uses Taproot Assets to enable instant transactions while maintaining Bitcoin’s security. 

UBS Tests Blockchain for Digital Gold Investments: Swiss banking giant UBS is taking gold investments on-chain, using Ethereum’s ZKsync Validium for its Key4 Gold product. The move aims to improve privacy, scalability, and efficiency. 

Turkish Court Overturns Part of Thodex Founder’s Conviction: A Turkish appeals court has overturned some charges against Faruk Fatih Özer, founder of the collapsed crypto exchange Thodex. While he’s still convicted of fraud and money laundering, the court ordered a retrial on certain aspects of his case. 

Spot Bitcoin ETFs See $340M Inflow After Trump Delays Tariffs: Bitcoin ETFs bounced back with a $340.7 million net inflow after Trump postponed his controversial tariffs. BlackRock’s IBIT led the surge, pushing total ETF inflows to $40.7 billion. 

Elon Musk Sparks Dogecoin Surge Amid Reddit Drama: Elon Musk has stirred up the Dogecoin market again! After calling out Reddit users for allegedly threatening the Department of Government Efficiency (DOGE) employees, the memecoin’s price shot up by 5%. Musk’s response, coupled with an official investigation announcement, fueled the hype. 

Canada’s Crypto ETF Market Gets a Boost with Leveraged Bitcoin & Ethereum Funds: Evolve Funds is launching Canada’s first-ever leveraged Bitcoin and Ethereum ETFs, offering 1.25x exposure. Unlike U.S. funds that use heavy derivatives, these will rely on cash borrowing. With Canadian investors flocking to U.S. ETFs for better fees and liquidity, this move could be a game-changer.

Around the World: Bold Moves and Crypto Regulations

South Korean City to Seize Crypto from Tax Evaders: Gwacheon is stepping up its tax game by launching an electronic system to track down crypto wallets linked to tax dodgers. Evaders will get a warning before their crypto gets confiscated, and enforcement kicks off in early 2025.

El Salvador Buys More Bitcoin Despite IMF Restrictions: El Salvador bought 12 more BTC, bringing its total stash to 6,068 BTC, despite its newly secured $1.4 billion loan IMF deal, with conditions to cut back on Bitcoin-related public sector activities. 

HashKey Capital Gets Green Light for Crypto Management in Hong Kong: HashKey Capital has secured regulatory approval to offer managed crypto investment services in Hong Kong. This means high-net-worth residents can now manage their crypto portfolios professionally, with a mix of spot assets, derivatives, and OTC trades. 

Hong Kong SFC Expands Crypto Oversight Team: Hong Kong’s securities regulator intends to recruit 15 new employees, eight of whom will be involved in its oversight of the crypto sector. The SFC claims it wants to improve its market surveillance capacities and simplify the licensing process for crypto exchanges.  

Utah Could Be the First U.S. State to Hold Bitcoin Reserves: Utah is leading the race to become the first U.S. state to hold Bitcoin in its treasury officially. Experts believe it could beat other states to the punch because of its fast-track legislative process and strong political backing. 

Japan’s Prime Minister Pushes for Crypto and Web3 Growth: Prime Minister Shigeru Ishiba wants Japan to go all-in on crypto and Web3 to tackle economic challenges. Lawmakers are also pushing for crypto tax reforms, arguing that high rates are stifling innovation.

India Reassesses Crypto Policy Amid Global Shifts: India is rethinking its crypto stance as global regulations evolve, with officials revisiting a long-delayed discussion paper. While the government remains cautious, stricter tax rules are already in place. The Reserve Bank of India is especially wary of stablecoins, warning that they could threaten financial stability if left unchecked.

Market Trends: Winners and Losers

Top 5 Gainers 📈

According to data from CoinGecko, these are the five biggest gainers for the week:

  • MEMDEX100 surged 30.7%, from $34.1M to $44.6M.
  • Fartboy skyrocketed 131.6%, from $34.7M to $80.5M.
  • Ket soared 161.2%, from $57.4M to $150.1M.
  • Miracle Play climbed 70.3%, from $15.2M to $25.9M.
  • Flayer exploded 212.4%, from $33.2M to $103.9M. 

Top 5 Losers 📉

According to data from CoinGecko, the five biggest losers for the week are:

  • Akuma Inu plunged -57.0%, from $215.5M to $92.6M.
  • Fartcoin tumbled -57.6%, from $1.15B to $489.0M.
  • Moby AI fell -49.2%, from $96.4M to $48.9M.
  • Based Pepe declined -55.9%, from $77.6M to $34.2M.
  • Pippin dropped -46.9%, from $61.5M to $32.7M.

Project Spotlight

Finacash Introduces Crypto Prepaid Card for Seamless Spending

Finacash has launched a new prepaid card that enables users to spend cryptocurrency directly from any Web3 wallet, with no identity verification required for balances under $10,000. The card functions like traditional debit and credit cards, offering global acceptance where Visa and Mastercard are supported. It provides a convenient financial solution for crypto users with built-in security, real-time spending tracking, and no hidden fees.

Why It Matters: This innovation enhances crypto’s usability for everyday transactions, bridging the gap between digital assets and real-world spending while preserving user privacy.

 

Disclaimer: This article is intended solely for informational purposes and should not be considered trading or investment advice. Nothing herein should be construed as financial, legal, or tax advice. Trading or investing in cryptocurrencies carries a considerable risk of financial loss. Always conduct due diligence. 

If you want to read more market analyses like this one, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

Take control of your crypto  portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Don't miss out!

Subscribe To Our Newsletter

Receive top education news, lesson ideas, teaching tips and more!
Invalid email address
Give it a try. You can unsubscribe at any time.
Thanks for subscribing!
Share66Tweet41Share11
Previous Post

Early Investment in RCO Finance Could Turn $1k into $500k, Outperforming XRP and Ethereum Returns

Next Post

Arctic Pablo Smashes $1M While Popcat Battles a Rebound & Brett Holds the Line

Olajumoke Oyaleke

Olajumoke Oyaleke

Olajumoke Oyaleke is a creative writer with a passion for crafting engaging and informative guides across a variety of topics. Deeply interested in Web3 and blockchain technology, Olajumoke is dedicated to making complex concepts accessible, helping readers stay informed on the latest trends in the space. Through writing, Olajumoke aims to showcase the possibilities of Web3 and simplify its advancements for a broader audience.

Related Posts

Your Weekend Crypto Roundup | June 2025 (Week 1)
Markets

Your Weekend Crypto Roundup | June 2025 (Week 1)

6 June 2025
Hello, crypto fam! It’s the final weekend roundup for May—how time flies, even in a space that never sleeps. We hope May treated you well, and here’s wishing you even more wins in the weeks ahead. If you haven’t subscribed yet, now’s the perfect time to hit that subscribe button and stay in the loop with all the latest Web3 updates! As always, here’s a quick recap of everything that went down this week. Enjoy! Biggest Story Circle Freezes $58M in USDC Amid LIBRA Memecoin Scandal Circle, issuer of the USDC stablecoin, has frozen nearly $58 million linked to the controversial LIBRA memecoin project. The freeze targeted two Solana wallets connected to LIBRA’s deployers, following a class-action lawsuit filed in New York where investors allege insider fraud. Blockchain firm Arkham confirmed Circle’s use of multisig authority to halt transactions, marking a major escalation in one of 2025’s most prominent crypto scandals. LIBRA surged after Argentine President Javier Milei promoted it as a tool for small businesses, reaching over $5 and a $4 billion market cap within an hour. However, a massive insider dump crashed its value by 90%, resulting in $250 million in retail losses. The fallout has sparked political unrest in Argentina and may set new legal precedents in crypto accountability. Other News Making Waves Elon Musk confirms departure as White House cost-cutting czar, ending his controversial tenure leading DOGE, a department created under Trump to slash federal spending and jobs (More) Former CFTC Chair Rostin Behnam warns the U.S. crypto market will stay largely unregulated unless Congress expands the agency’s authority over digital assets like Bitcoin and Ether (More) ASIC sues former Blockchain Global director Allan Guo over the ACX Exchange collapse, accusing him of misusing customer funds and falsifying company records (More) Outgoing CFTC Commissioner Christy Goldsmith Romero warns that the agency’s leadership vacuum threatens balanced crypto regulation and effective oversight (More) Swiss crypto investor to surrender after 28-year-old Michael Carturan escaped a $30M crypto-related kidnapping involving electrocution and torture inside a Soho apartment (More) Michael Saylor slams onchain proof-of-reserves at Bitcoin 2025, calling it a security threat that exposes institutional wallets to tracing and attacks (More) French police arrest over a dozen suspects, including minors, tied to crypto-related kidnapping rings targeting Parisian crypto entrepreneur families (More) Sygnum hires ex-CFTC Chair Christopher Giancarlo as senior policy adviser to steer regulatory strategy amid booming institutional crypto interest (More) Dedaub reveals Cetus DEX exploit used AMM logic flaw to drain $223M by manipulating liquidity pools via single-token injections and slippage abuse (More) Around the World: Bold Moves and Crypto Regulations NYC Mayor Eric Adams pushes for a municipal “Bitbond” to integrate Bitcoin into public finance and renews calls to repeal the burdensome BitLicense regulation to revive New York’s crypto ecosystem. (More) Pakistan plans to establish a strategic Bitcoin reserve and national crypto wallet, while allocating 2,000 megawatts of surplus electricity to Bitcoin mining and AI data centers. (More) White House AI and crypto lead David Sacks hints at potential U.S. Bitcoin purchases under a “budget-neutral” policy, leveraging a March 6 executive order authorizing such acquisitions. (More) IMF approves a $120 million disbursement to El Salvador but demands withdrawal from the Chivo wallet and a halt to Bitcoin expansion, clashing with Bukele’s continued daily BTC purchases. (More) Thailand to allow tourists to spend crypto linked to credit cards, shielding local merchants from volatility while advancing broader fintech reforms and launching digital government bond tokens. (More) Pakistan earmarks 2,000 megawatts of electricity for Bitcoin mining and AI data centers, turning energy surpluses into digital infrastructure growth amid rising tech investment initiatives. (More) Dubai launches MENA’s first tokenized real estate platform, Prypco Mint, enabling UAE residents to invest in property from just Dh2,000 through fractional ownership. Backed by major regulators and institutions, the initiative aims to tokenize 7% of Dubai’s property market by 2033. (More) Market Trends: Winners and Losers Top 5 Gainers 📈 According to data from CoinGecko, these are the five biggest gainers of the week: Zebec Network +121.78%, from $0.00290855 to $0.00645154 Central African Republic Meme +155.65%, from $0.02301762 to $0.058874 WalletConnect Token +94.71%, from $0.590721 to $1.15 NATIX Network +101.79%, from $0.00094523 to $0.00190804 Undeads Games +54.73%, from $0.695351 to $1.076 Top 5 Losers 📉 According to data from CoinGecko, the five biggest losers of the week are: Efinity -15.36%, from $0.616844 to $0.522099 Hey Anon -18.65%, from $6.22 to $5.06 Based Fartcoin -31.02%, from $0.00043206 to $0.00029793 B3 -25.26%, from $0.00463979 to $0.00346849 Covalent X Token -19.45%, from $0.04228250 to $0.03405899 Project Spotlight Gomble Games Launched GOMBLE BUILDERS: A Community-Powered Web3 Gaming Platform Gomble Games, creators of the hit Web3 title EggDrop, has launched GOMBLE BUILDERS, a collaborative game development platform where communities, NFT holders, and developers co-create games and share in the rewards. Unlike most Web3 projects, these games are built for mainstream mobile users, blending user-generated content with wide accessibility. Through asset licensing, AI tools, and integrated IPs, contributors can influence gameplay and earn revenue from their creations. Why It Matters: GOMBLE BUILDERS bridges Web3 innovation with Web2-scale reach, offering a new model where ownership, creativity, and financial upside are shared. With support from major partners and powered by the $GM token, it’s redefining game development as a collaborative, inclusive economy for global players. Disclaimer: This article is intended solely for informational purposes and should not be considered trading or investment advice. Nothing herein should be construed as financial, legal, or tax advice. Trading or investing in cryptocurrencies carries a considerable risk of financial loss. Always conduct due diligence. If you want to read more market analyses like this one, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community. Your Weekend Crypto Roundup | May 2025 (Week 5)
Markets

Your Weekend Crypto Roundup | May 2025 (Week 5)

31 May 2025
Markets

Your Weekend Crypto Roundup | May 2025 (Week 4)

23 May 2025
Your Weekend Crypto Roundup | May 2025 (Week 3)
Markets

Your Weekend Crypto Roundup | May 2025 (Week 3)

16 May 2025

Featured Posts

The Hidden Dangers of Holding Crypto in Exchanges

The Hidden Dangers of Holding Crypto in Exchanges

byOlajumoke Oyalekeand1 others
27 May 2025
0

Should We Put a Price on Everything? The Ethics of Tokenizing Human Actions

Should We Put a Price on Everything? The Ethics of Tokenizing Human Actions

byFaari Labinjo
27 May 2025
0

The Most Influential Figures in Crypto History and Their Impact

The Most Influential Figures in Crypto History and Their Impact

byBobby Okposin
14 May 2025
0

Are Layer 2 Solutions Enhancing Ethereum—or Killing it?

byOlayinka Sodiqand1 others
6 January 2025
0

Beginner’s Guide To Earning Passive Income In Crypto | DeFi Planet

Simple Ways To Earn Passive Income From Your Crypto

byArjun Chandand1 others
1 September 2021
0

Read More

Chain of Thoughts

Are Stablecoins Bank Deposits?

Are Stablecoins Bank Deposits?

byOlu Omoyele
31 May 2025
0

...

DAOs and the Coordination of Human Endeavour

DAOs and The Coordination of Human Endeavour

byOlu Omoyele
27 April 2025
0

...

Should DeFi Be Regulated?

Should DeFi Be Regulated?

byOlu Omoyele
27 March 2025
0

...

Is Tokenization All That It’s Cracked Up To Be?

Is Tokenization All That It’s Cracked Up To Be?

byOlu Omoyele
26 February 2025
0

...

Markets Update

Your Weekend Crypto Roundup | June 2025 (Week 1)

6 hours ago

Your Weekend Crypto Roundup | May 2025 (Week 5)

6 days ago

Your Weekend Crypto Roundup | May 2025 (Week 4)

2 weeks ago

Your Weekend Crypto Roundup | May 2025 (Week 3)

3 weeks ago

Your Weekend Crypto Roundup | May 2025 (Week 2)

4 weeks ago

Your Weekend Crypto Roundup | May 2025 (Week 1)

1 month ago
Read More

Events

Crypto Valley Conference
Crypto Valley Conference
5 Jun 25
Risch-Rotkreuz

Spotlight

All about Ethereum
All about Algorand
All about Bitcoin
All about Gora

Press Releases

Nibiru Launches ”Block Party” Aura Program to Reward Real DeFi Activity

bychainwire
5 June 2025
0

BYDFi and Ledger Launch Global Campaign with Limited BYDFi x Ledger Nano X

bychainwire
5 June 2025
0

$ZEUS Marking His Territory: Announcing An IP Collaboration with Original Zeus Artist and Trademark Holder

bychainwire
4 June 2025
0

Huma Joins the Global Dollar Network to Advance Stablecoin Adoption on Solana

bychainwire
4 June 2025
0

Zircuit Joins Binance Alpha: ZRC Airdrop & Trading Competition Go Live

bychainwire
3 June 2025
0

Read More

ADVERTISING

ABOUT

TEAM

CAREERS

CONTACT

TERMS & CONDITIONS

PRIVACY POLICY

© Copyright 2025 DeFi Planet

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer

© Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00