On the night of February 3, 2025, the cryptocurrency market experienced a significant decline, with market capitalization dropping approximately 8% to around $2.8 trillion at its lowest point 📉 #Bitcoin's price fell to about $91,000, while Ethereum dropped to $2,100, and most altcoins also suffered substantial losses. This volatility resulted in the liquidation of futures positions for over 700,000 traders, with estimated losses exceeding $2.2 billion. ⚡️ Experts largely attribute this downturn in the cryptocurrency market to the United States' announcement of new tariffs: a 25% duty on imported goods from Canada and Mexico, and a 10% duty on goods from China. Some analysts also suggest that low liquidity in the crypto market may have contributed to the sharp decline. The drop in the cryptocurrency market is primarily driven by increasing concerns about a potential global trade war, sparked by #Trump’s announcement of new tariffs that will take effect on February 4, 2025. The anticipated retaliatory measures from Canada, Mexico, and China have heightened investor anxiety, leading to a shift away from riskier assets, including cryptocurrencies.

Panic in the markets: Is #Chinese startup DeepSeek changing the game? DeepSeek has figured out how to use idle video cards to train AI, spending $10 million to build a powerful open-source model that costs way less than OpenAI (DeepSeek: $2.19 for 1 million tokens vs. OpenAI's $60). What’s cool about their approach is that their AI can run on smartphones, like the iPhone 16 or Android devices, which means video cards might not be as essential anymore. So, why’s everyone freaking out? 🔸This could hurt @nvidia business and investments in AI startups. 🔸Tech giants (the MAG7) might lose investor trust if their #AI investments don’t pay off like expected. After this news, NVIDIA's stock dropped 10%, wiping out more than $350 billion in market cap. For some context, the whole stablecoin market in crypto is only valued at $220 billion. This makes you think about how stable the AI industry really is and whether we’re seeing a potential "bubble." While some see this as a long-term positive for the AI sector because it’s becoming cheaper for developers and innovators to jump in.

🤫 Here's what @POTUS crypto portfolio consists of! The main asset in #Trump's portfolio, owned by World Liberty Financial, is Ethereum, followed by stablecoins worth $65 million. The portfolio also includes AAVE, LINK, ENA, and TRON coins 📈 Meanwhile, the head of @Consensys said that the Trump family plans to launch one or more large projects based on the #Ethereum blockchain. In the future, it is possible that Ethereum technologies will be integrated into government structures.

#Trump promises to keep 100% of the Bitcoin owned by the US government, claiming it will become the basis of a strategic national reserve. Trump has been talking a lot about cryptocurrency, will he keep his word after his inauguration on January 20?🫢

Latest #DeFi News📈 Ready? ▫️US Congress plans to focus on crypto legislation in 2025. ▫️Memecoin ai16z hinted at launching its own first-layer blockchain network. ▫️Avalanche #AI ​​announced a project that will make it easy to create AI agents for both Web3 and Web2. ▫️FTX will begin the process of returning $16 billion to its former users tomorrow. ▫️TON Foundation teams up with Jupiter Exchange to release a liquidity aggregator on the #TON blockchain. ▫️Fuel Network unveils Fuel Agent Kit for creating AI agents.

.@CoinGecko took a close look at Bitcoin’s profits over the last decade and wow, it’s impressive! #BTC has skyrocketed by 26,931% over ten years 👀 This year alone, #Bitcoin has been the top-performing asset with a return of 129%. Gold is in second place at 32.2%, while the S&P 500 index has seen a growth of 28.3%. On the flip side, oil has dropped slightly by 0.13%, with five-year Treasury bonds yielding 5.3% and ten-year bonds at 8.2%. If you look at the last five years, Bitcoin’s jumped by 1,283%. For comparison, the S&P 500 and gold grew by 96.7% and 84.6%, respectively, while five-year Treasury bonds went up by 157.1% and ten-year bonds by 149.9%. Over the past decade, Bitcoin had two major bull runs — from 2017 to 2018 and then from 2020 to 2021. Right now, we’re in the midst of another bullish trend 📈

It's not a secret that these 2 big market events have moved the $BTC price to another ATH and are keeping it there: 1. Spot #Bitcoin ETFs approval 2. BTC halving But I have concerns that benefits of No. 1 will last forever; it may fail: hackernoon.com/bitcoins-surg…

What if I told you that your understanding of #NFT is limited? You owe me a like if this article contains something you didn't know about this tech: hackernoon.com/non-fungible-…

I only got my hands on @token2049 in Singapore just now. Definitely one of the most awaited #crypto events of the year and huge! Record-breaking: attendees 10k+ exhibitors 300+ events 400+ #TOKEN2049

🇸🇬 Want to see Singapore to be transformed into a vibrant #crypto hub. Will be happy to communicate at the event - DM. @token2049 #TOKEN2049

Reliability ⦁ Transparency ⦁ Decentralization ⦁ Accessibility This is what makes #blockchain & #crypto able to improve the world we live in making it the source of truth. There are many practical use cases that already work: hackernoon.com/how-blockchai…

Love that rhythm. Heading to another big #crypto/#blockchain event - @EthCC. Let's chat if you're up for it - drop me a DM.

.@CryptoWeekMad: brilliant minds sharing brilliant ideas! Btw, I'm one of the speakers at the panels tomorrow: en.cryptoweeksummit.com/spea… Would be pleased to see you there 🫱🏼‍🫲🏻

Gonna attend #Consensus2023. Already in Austin, TX. Open to communication - DM. Have a good time at the conference, everyone!