📈 Crypto Market Bounces After Fed Keeps Rates Steady

GM Defiers!

The cryptocurrency market rallied this week, with Bitcoin and Ethereum surging following the Federal Reserve’s decision to keep interest rates steady. Hyperliquid made headlines after surpassing Ethereum in daily fees and revenue.

Meanwhile, crypto hacks totaled $74 million in Jan., a significant portion of which came from CeFi platforms. In the world of blockchain development, Cardano achieved a major milestone, transitioning to full decentralized governance with the completion of its Plomin hard fork.

✍️ In today’s newsletter:

• Crypto market extends gains
• Hyperliquid overtakes Ethereum in fees and revenue
• Crypto hacks total $74M in January
• Venmo co-founder introduces fair-launch token for new platform
• SEC moves closer to decision on Litecoin ETF
• MarginFi unveils new staked collateral feature
• Paradigm shares warning over Ethereum's future
• Gemini research shows widening gender gap in crypto ownership
• Cardano’s Plomin hard fork paves way for decentralized governance

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📈 Markets in the last 24 hrs:

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📈Crypto Market Extends Gains After Fed Holds Rates Steady

The cryptocurrency market rallied Thursday following the Federal Reserve's decision to keep interest rates unchanged. Bitcoin rose 2.3% to $105,500 while Ethereum climbed 5% to $3,270.

🚨Hyperliquid Flips Ethereum in Fees and Revenue as Token Rallies

Hyperliquid surpassed Ethereum in daily fees and revenue on Jan. 28. Over that 24 hours, Hyperliquid processed $1.93 million in fees, while Ethereum generated $1.82 million in fees.

🤑Crypto Hacks Total $74M in January and CeFi Accounts for 93% of Losses

Cryptocurrency hacks caused $74 million in losses in Jan. 2025, representing a 45% drop from $133 million last year. CeFi accounted for a majority of the losses.

🪼Venmo Co-Founder Releases Fair-Launch Token for New Platform, JellyJelly

The idea of Pump.Fun as an ICO platform is gaining traction after Venmo co-founder Iqram Magdon-Ismail launched a new token.

👩🏻‍⚖️SEC Edges Closer to Decision on Canary Capital’s Litecoin ETF

The SEC is nearing a decision on Canary Capital’s proposed Litecoin ETF after formally acknowledging its 19b-4 filing.

SPONSORED POST

Web3 is often fragmented, with users struggling to manage multiple blockchains, wallets, and bridges. Okto is addressing this by adopting ERC-7683, a proposed Ethereum standard that simplifies cross-chain interactions. Instead of dealing with complex processes, users can express their goals—like swapping tokens—in a single message. Specialized "fillers" then handle the technical details, executing these tasks across chains. This reduces confusion, lowers costs, and improves efficiency. Okto is integrating ERC-7683 into its platform to create a more unified and decentralized Web3. Although still in draft status, ERC-7683 has gained support from major protocols like Across Protocol, Uniswap Labs, and Polygon Labs, aiming to make cross-chain transactions as seamless as browsing the internet.

Read More: Okto is building ERC-7683 on Solana: Way for a Unified Web3 Future

🗣️MarginFi Introduces Staked Collateral Feature

MarginFi has launched a "staked collateral" feature, enabling users to post staked solana (SOL) as collateral and access liquidity.

‼️Paradigm Says Ethereum’s Future Is at Risk Due To Slow Updates

Venture capital firm Paradigm is urging Ethereum developers to speed up updates, criticizing the current pace of one per year.

🚻Gemini Survey Reveals Growing Gender Gap in Crypto Ownership

Gemini research shows a growing gender gap in cryptocurrency ownership, with men making up 69% of owners in 2024, compared to 58% in 2022.

🍴Cardano’s Plomin Hard Fork Heralds Transition to Full Decentralized Governance

The Cardano blockchain has fully transitioned to decentralized governance with the completion of its Plomin hard fork.

🌍 ELSEWHERE

• Grayscale launches dogecoin-focused fund as altcoin adoption picks up pace (Reuters)
• MicroStrategy keeps buying more Bitcoin. Here's how much it owns now (Quartz)
• Tether Reports $13B Profit for 2024, With Rising Bitcoin, Gold Prices Contributing (CoinDesk)

🔥TRENDING

• Crypto Hacks Total $74M in January and CeFi Accounts for 93% of Losses
• Paradigm Says Ethereum’s Future Is at Risk Due To Slow Updates
• Faraway's RIFT Airdrop Leaves NFT Holders Furious
• Robinhood CEO Says SEC Should Revise Rules To Foster Tokenization
• Crypto Market Rallies After Federal Reserve Leaves Interest Rates Unchanged
• Arthur Hayes Forecasts Bitcoin Collapsing to $70,000