Crypto Market Updates & Industry Moves

**Market Overview** Crypto markets declined sharply with BTC falling to $84.3k (-7%), ETH to $2.8k, and SOL to $118. BTC ETFs recorded $19M in outflows while ETH ETFs saw $28M in inflows. Gold reached a new high of $5.6k. **Institutional Developments** - **Fidelity** launched FIDD stablecoin on Ethereum - **JPMorgan and Citadel** met with SEC regarding tokenized securities and DeFi projects - **White House** organizing meetings between banks and crypto firms to address Clarity Act concerns **Platform Updates** - [Hyperliquid's HIP-3](https://hyperliquid.xyz) generated over $2B in trading volume as precious metals hit all-time highs - **Coinbase** announced Wednesday launch of prediction market "Coinbase Predicts" and listed HYPE token - **Gemini** introduced Zcash credit card offering ZEC rewards on purchases - **MegaETH** set mainnet and token launch for February 9 **Token Activity** Moonbirds' BIRB token doubled to $420M+ fully diluted valuation following its debut. A Luci skull NFT sold for $400k.

**Major crypto gains** as BTC reaches $93K, ETH $3.1K, and SOL $141 following significant institutional developments. **Vanguard debuts crypto access** for clients, joining the growing list of traditional finance firms embracing digital assets. **Bank of America recommends** up to 4% crypto allocation for wealth management clients, signaling mainstream acceptance. **Ethereum's Fusaka upgrade** launches today, bringing network improvements and enhanced functionality. **Kalshi raises at $11B valuation** with co-founder Luana becoming the youngest female billionaire. **Key partnerships emerge:** - Pudgy Penguins teams with NHL for Winter Classic - Kraken acquires tokenization platform Backed Finance - REKT Drinks signs Superior Beverage Group for 13,000 retail locations **Chainlink launches** LINK Everything initiative to expand ecosystem connectivity. **UK creates new property category** for crypto and NFTs through updated Property Act, providing legal clarity. **Hyperliquid Strategies merges** with Sonnet Bio Therapeutics to establish $888M HYPE DAT. Hot coins gaining attention: REKT, BOB, 67, PIPPIN

**VanEck addressed Bitcoin privacy concerns** and discussed Zcash ($ZEC) during a CNBC appearance. The conversation was featured on @fomohour with hosts @farokh and @Tyler_Did_It, highlighting: - Bitcoin's **transparency limitations** for institutional adoption - Zcash's **privacy-focused technology** as a potential solution - Growing institutional interest in **privacy coins** This marks a significant moment as traditional financial firms publicly discuss privacy-enhanced cryptocurrencies on mainstream media. *Stay informed on institutional crypto adoption trends.*

- Bitcoin dips to $94,000 following CPI data release - BNB achieves significant milestone, surpassing Solana's market capitalization - Ethereum Foundation makes notable movement, deploying 30,800 ETH - Vitalik Buterin makes headlines with satirical post about communism - Solana's Telegram bots showing competitive performance against Ethereum's revenue streams Stay informed with daily crypto updates at [LuckyTrader Newsletter](https://newsletter.luckytrader.com)

Major cryptocurrencies started the week in positive territory as market sentiment improves. Key developments: - AI Mindshare index surged to 72% following Sam Altman's statement about potential AGI achievement in 2025 - $PENGU reached a new all-time high, securing position in top 50 cryptocurrencies - Myriad platform achieved record-breaking activity with 10,000+ daily predictions - PENGU market cap reached $2.67B, surpassing BONK as top Solana meme token - FAI token briefly touched $600M market cap *Market participants should monitor AI sector developments and meme token volatility.*