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đź“Ś The Most Important Chart in Crypto Right Now
Issue #370
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5. The Most Important Chart in Crypto Right Now
Matt Hougan, CIO of Bitwise, thinks “there is a fascinating dichotomy in crypto right now between institutional and retail investors.” While institutional sentiment towards crypto is the most bullish it has ever been, retail investor sentiment is terrible. According to Bitwise’s proprietary crypto sentiment score (see chart here), it is at one of its lowest readings of all time. So the big question is: Who’s right? Hougan’s betting on the institutions.
4. Bitcoin Exchange Fraudster Exchanged In Prisoner Swap
Alexander Vinnik, a 45-year-old Russian accused of a $4 billion bitcoin money laundering scheme, was released by the U.S. to help return American teacher Marc Fogel from Russian prison. Vinnik ran the BTC-e cryptocurrency exchange and was arrested in 2017.
3. Inflation Heats Up, Market Cools Down
New data shows that inflation jumped to 3% in January, higher than the 2.9% forecast. Investors have dialed back expectations for Fed rate cuts, sending stocks lower while bond yields climbed. Adding to the jitters? Trump’s recent tariff threats could keep inflation running hot, leaving Fed Chair Jerome Powell with fewer options to cool things off anytime soon.
2. Altcoins in a Tailspin
Over the last two weeks, altcoins collectively shed $234 billion in market cap – one of their worst devaluations on record – while Bitcoin endured a more typical bull-market pullback. Onchain data shows altcoins are moving in near-perfect sync with each other, all tanking together amid weak demand and adoption. Meanwhile, BTC remains comparatively stable despite the broader market turmoil. See Glassnode’s full report here.
1. Trump Taps Quintez as CFTC Chair
Fist-pumps all around. Brian Quintenz, former CFTC commissioner (2017-2021) and head of crypto policy at a16z is expected to rejoin the agency after his selection by President Trump. Quintenz, who played a key role in the launching of CME Bitcoin Futures, which paved the way for spot BTC ETFs, could oversee a market structure revamp that shifts more power away from the SEC.
This is excellent news for @CFTC and the USA!
I've had the pleasure of learning from and working alongside BQ for years, and there is truly no one more qualified to lead the CFTC than him. Congrats! 🔥
— Jake Chervinsky (@jchervinsky)
4:58 PM • Feb 12, 2025
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DOGE unleashed
It’s official… President Trump’s executive order granting sweeping new powers to the Department of Government Efficiency ("DOGE") has positioned Elon Musk in a power position….but not for the reasons you may think. One Boston based group is stepping forward to reveal what they believe is Elon’s TRUE plan… and it could rattle the markets in the weeks to come.