💳BlackRock Buys an Additional $1 Billion in Bitcoin

GM Defiers!

The crypto market saw a modest rebound this week, with Bitcoin and Ethereum making gains after a dip caused by China’s DeepSeek AI launch. Meanwhile, crypto funds saw a surge of nearly $2 billion following Trump’s executive order on digital assets.

Arizona is moving closer to establishing a strategic Bitcoin reserve, while Venice AI launched its VVV token, pushing for decentralized AI solutions.

✍️ In today’s newsletter:

BlackRock buys $1 billion in bitcoin
Bitcoin ordinals drop to lowest since February 2024
Scammers lose money following DogWifTools exploit
Hayden Adams of Uniswap proposes Ethereum take over layer 2s
Sonic’s TVL is outpacing all other layer 1s
Crypto market recovers after Monday's DeepSeek-driven drop
NFT liquidations surge as Azuki and Pudgy Penguin face volatility
Arizona moves forward with bill to establish strategic bitcoin reserve
Crypto funds see nearly $2 billion in inflows after Trump executive order
Erik Voorhees' Venice AI launches VVV token

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🚨BlackRock Buys $1 Billion in Bitcoin, Now Holds 2.7% of Total Supply

BlackRock acquired $1 billion in Bitcoin last week, raising its holdings to 2.7% of the total supply, surpassing global governments’ 2.2%. Its stash now totals $58.43 billion.

📉Bitcoin's Ordinals Plummet to Lowest Levels Since February 2024

Bitcoin ordinals are hitting their lowest prices in nearly a year. Leading collections like Bitcoin Puppets and NodeMonkes have dropped to .068 BTC, down from highs of .47 and .9 BTC in April 2024.

🤨Scammers Get Scammed as DogWifTools Gets Exploited for $10 Million

Memecoin scammers were hit this week as DogWifTools, a tool used in malicious launches, was exploited for over $10 million. The attack targeted hot and cold wallets, as well as centralized exchanges.

🗣️Uniswap’s Hayden Adams Pitches Ethereum Buying Out Layer 2s and DeFi

Uniswap founder Hayden Adams proposed Ethereum buy out top Layer 2 chains and DeFi projects to boost its dominance.

⬆️Sonic TVL is Soaring More Than Any Other Layer 1

Sonic, formerly Fantom, has experienced record growth recently, surpassing $260 million in total-value locked (TVL) and growing 20x in the past month. It’s now the 30th-largest chain by TVL.

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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.

📈Cryptocurrency Market Rebounds After Monday's DeepSeek-Induced Drop

The crypto market rebounded on Tuesday after a sharp drop triggered by China’s DeepSeek AI launch. BTC surged 2.4% to $102,200, while ETH rose 2% to $3,140.

🐧NFT Liquidations Rise Amid Azuki and Pudgy Penguin Volatility

NFTs are struggling in 2025, with liquidation fears growing for Azuki and Pudgy Penguin holders.

🌵Arizona Advances Legislation to Create Strategic Bitcoin Reserve

The Arizona State Senate Finance Committee approved a bill to create a strategic Bitcoin reserve (SBR). Co-sponsored by Senator Wendy Rogers and Representative Jeff Weninger, the bill was approved on Jan. 27 and will now move to a full Senate vote.

💰Crypto Funds Attracted Nearly $2 Billion Following Trump Executive Order

Investors have flocked to crypto funds following President Trump’s Jan. 23 executive order for a new legal framework and a “national stockpile” of digital assets. CoinShares reported $1.9 billion in weekly flows into crypto ETPs, with $1.6 billion directed to Bitcoin.

📢Erik Voorhees’ Venice AI Launches VVV Token

Venice AI launched its VVV token on Monday, aligning with China’s DeepSeek AI model release, as founder Erik Voorhees advocates for decentralized AI.

🌍 ELSEWHERE

Trump Media stock pops 7% on crypto expansion plans (Quartz)
Crypto exchange Binance faces money laundering probe in France (CoinDesk)
Bitcoin stays above $100,000 as Federal Reserve prepares to decide interest rates (The Street)