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UseTheBitcoin ππ
@usethebitcoin
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The leading #crypto publication. Covering all things related to #bitcoin, #blockchain, #altcoins, & more. Join our newsletter today for the latest crypto news β¬
New York, NY
Joined April 2017
When your AI robot starts questioning your crypto moves too π€πΈ #CryptoStruggles #Crypto #Bitcoin #CryptoCurrency #Cryptomemes
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Cypto-powered music streaming service Audius has announced a season of airdrops and rewards that will see 30 million $AUDIO tokens handed outβvalued at over $3 millionβto users of the platform. The campaign was launched in celebration of #Audius surpassing an all-time milestone of 250 million on-chain song streams from users. The token distribution is based on factors such as an artistβs streams, sales, revenue, followers, and more. A total of 1,174 artists qualify for the airdrop. #CryptoNews
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Circle's $USDC, the second-largest stablecoin, reached a record market capitalization exceeding $56 billion this week, as stablecoin growth appeared to be picking up speed again. USDC saw a $10.2 billion increase in its market cap over the past month, largely fueled by growing #Solana-based #DeFi trading volumes, according to Artemis data. This growth is more than double the $4.6 billion rise of Tether's $USDT, the largest stablecoin and Circle's main competitor, during the same timeframe. Despite this, USDT remains the dominant stablecoin, with a market cap of $142 billion. #CryptoNews
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Robinhood Markets Inc. ($HOOD) shares jumped 6.7% in after-hours trading as the company reported Q4 earnings and revenue that significantly exceeded analyst expectations. "Q4 was a record-breaking quarter that caps off a record-setting year in 2024," said Jason Warnick, Chief Financial Officer of Robinhood. "We're entering 2025 with strong momentum as we remain focused on delivering another year of profitable growth." Robinhood's total net revenues surged 115% YoY to a record $1.01 billion, driven by a substantial increase in transaction-based revenues, which grew over 200% YoY to $672 million. #Cryptocurrency revenue was a major contributor, soaring over 700% to $358 million. #CryptoNews
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Federal Reserve Chair Jerome Powell cautioned against reading too much into data on Wednesday showing the largest acceleration in the Consumer Price Index (CPI) in more than a year, while acknowledging it was substantially above forecasts. As the #Fed targets 2% inflation and the report showed no recent progress, it also dimmed hopes that the central bank will view further policy easing as appropriate after it lopped a full percentage point off its benchmark short-term borrowing rate in 2024. #CryptoNews
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Bitcoinβs long-term outlook continues to strengthen, according to CEO and CIO of ARK Invest, Cathie Wood. She argues that institutional demand is accelerating, pushing #Bitcoin further into the mainstream investment landscape. βMany institutional investors are now looking at Bitcoin and thinking they need to add it to their asset allocation because its return and risk profile looks so much different than all the other assets in their portfolios,β said Wood. With #BTC ETFs gaining traction and large capital inflows from traditional institutions, ARK Invest believes $BTC is on pace to reach $1.5 million by 2030. #CryptoNews
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US #CPI inflation rises to 3.0% in January, higher than expectations. Data: 3.0% YoY, 0.5% MoM Forecasted: 2.9% YoY, 0.3% MoM Last Month: 2.9% YoY, 0.4% MoM
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Can you see my eyes? These are the eyes of someone who's been through more dips than a bag of chips π΅πΈ #CryptoTrauma #CryptoMemes #Crypto #Cryptotrading #Bitcoin
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Layer-1 blockchain #TON announced that it is establishing a partnership with interoperability protocol #LayerZero to enable users to transfer funds between multiple ecosystems. The integration aims to help solve the former's limitations in liquidity and access to other #blockchain's major #crypto assets by providing access to multi-chain liquidity. #CryptoNews
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Uniswap Labs has launched Unichain Mainnet, a decentralized #blockchain designed to reduce transaction costs and accelerate #DeFi operations. The Ethereum Layer-2 network, tested through 95 million transactions and 14.7 million smart contracts in four months, aims to enhance DeFi accessibility with 1-second block times and gas fees approximately 95% lower than Ethereumβs base layer. It operates as a Stage 1 rollup, featuring permissionless fault proofs, with plans to expand decentralization through its #Unichain Validation Network (UVN). #CryptoNews
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Global asset management firm Franklin Templeton has submitted corporate registration documents for the "Franklin Solana Trust" in Delaware, USA. Franklinβs filing in Delaware hints at a spot ETF filing, with this being a process that other issuers have followed before. If approved, Franklin Templeton will join Canary, Grayscale, 21Shares, VanEck, and Bitwise in the race to bring #Solana ETFs to the market.Β #CryptoNews #SOL
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BitGo is exploring an initial public offering (IPO) and discussing potential advisory arrangements for a listing as soon as the second half of 2025. Notably, the Palo Alto, California-based #cryptocurrency custody firm joins a growing number of crypto companies planning public market debuts. The company was founded in 2013 and is now one of the largest US-based #crypto custody firms, serving more than 1,500 institutional clients in over 50 countries and processing about 8% of all global #Bitcoin transactions by value. #CryptoNews
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US Securities and Exchange Commission (SEC) Commissioner Hester Perice said that the agency may wait for the Senate to confirm the new chairman before deciding on the regulatory agenda for #cryptocurrencies. Peirce said at the Federalist Society meeting on February 11th that it would be "premature" to formulate digital asset policies without a formal chairman. Currently, Mark Uyeda is serving as interim chairman, replacing Gary Gensler, who left office on January 20th. President Trump has nominated former SEC Commissioner Paul Atkins as the new commissioner, and the nomination is still pending Senate confirmation. #CryptoNews
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Japan's Financial Services Agency (FSA) is contemplating classifying #crypto assets as securities to improve investor protection through enhanced disclosure requirements. The FSA is currently conducting a closed study with experts and plans to announce regulatory reforms by June 2025. These potential reforms could make spot #cryptocurrency exchange-traded funds (ETFs) more appealing if approved in the future. #CryptoNews
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The US Securities and Exchange Commission (SEC) and Binance recently filed a joint motion to put their lawsuit on hold for 60 days. The parties have agreed that the Crypto Task Force instituted by SEC acting chair Mark Uyeda could offer a swifter and more efficient resolution of the matter. Upon the completion of the 60-day stay period Binance and the SEC will submit a βjoint status reportβ on the extent of the settlement. This report will determine whether or not there is a need to extend the stay period. Notably, the regulatory landscape for #crypto is shifting, with calls for less enforcement and a recent executive order from President Trump promoting crypto-friendly policies. #CryptoNews
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The struggle is REAL. Anyone else feel personally victimized by the stock market? π Trying to make these ends meet one trade at a time. #trading #stocks #crypto #daytrading #meme #relatable #struggleisreal #cryptomemes
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Grayscale has filed for its first-ever standalone Cardano ETF with NYSE Arca, marking another milestone in the #cryptocurrencyβs institutional adoption journey. The proposed ETF, set to trade under the ticker βGADA,β would provide traditional investors direct exposure to ADA, currently the ninth-largest cryptocurrency by market capitalization. #CryptoNews
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Michael Saylorβs Strategy has made its first #Bitcoin purchase under its new name after rebranding from #MicroStrategy on February 5th, 2025. The company acquired 7,633 BTC between February 3rd and February 9th at an average price of $97,255 per #BTC, according to a Form 8-K filing released on February 10th. The acquisition, funded through convertible notes and cash, reinforces the companyβs aggressive Bitcoin accumulation strategy. #CryptoNews
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An Alabama man pleaded guilty to the 2024 hack of the US Securities and Exchange Commissionβs (SEC) X account, which temporarily caused #Bitcoin's value to drop sharply. Eric Council Jr., a 25-year-old Athens man, pleaded guilty to conspiracy to commit aggravated identity and access device fraud. Council is set to be sentenced in May and faces up to five years in federal prison.Β #CryptoNews
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