💳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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📈 Markets in the last 24 hrs:

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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.

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

📈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)

🔥TRENDING

• BlackRock Buys $1 Billion in Bitcoin, Now Holds 2.7% of Total Supply
• Scammers Get Scammed as DogWifTools Gets Exploited for $10 Million
• Cryptocurrency Market Rebounds After Monday's DeepSeek-Induced Drop
• Crypto Funds Attracted Nearly $2 Billion Following Trump Executive Order
• Solana-Based Social-Fi Protocol Tribe.Run Takes Off
• DeepSeek AI Debut Sparks Crypto Market Sell-Off Amid Rising Tech Competition