❌ Crypto still shunned: 71% of institutions refuse to invest
Welcome to the Daily Tribune of Friday, February 7, 2025 ☕️
Happy New Year to Cointribu! 🚀
Today is Friday, February 7, 2025, and as every day from Tuesday to Saturday, we summarize the news from the last 24 hours that you should not miss!
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡️ Temperature:
Partially cloudy ⛅
24h crypto recap! ⏱
📈 Bitcoin: demand surges and pushes BTC to new heights!
Spot demand for Bitcoin hits a record level. This strong buying pressure mainly comes from Bitcoin spot ETFs and institutional accumulations, notably those of MicroStrategy. Analysts see this movement as a major bullish signal, with a target set at $110,000. However, some remain cautious about geopolitical risks and the lack of new catalysts. Despite this, Bitcoin continues to prove its resilience, and the scarcity of supply could further accelerate the rise. 🔗 Read the full article
🏦 71% of institutions still shun crypto!
A survey by JPMorgan reveals that 71% of institutional investors have no crypto plans for 2025, although this figure shows a slight improvement from 78% in 2024. Only 29% of participants are active or plan to enter this market, despite a regulatory environment more favorable in the USA. Among the main concerns of investors: inflation, market volatility, and geopolitical tensions. With increased support from the U.S. government and the rise of pro-crypto sovereign funds, the trend could reverse in the coming years. 🔗 Read the full article
🎗️ Crypto donations explode: over $1 billion in 2024!
Cryptocurrency donations surpassed $1 billion in 2024, a historic record according to The Giving Block. 70% of major U.S. charitable organizations now accept crypto, with contributions primarily directed towards education (16%) and health (14%). Bitcoin, Ethereum, XRP, and Solana dominate the donated assets, surpassing stablecoins which represented 44% of donations in 2023. The trend is expected to accelerate in 2025, with projections of $2.5 billion in donations, and could reach $89 billion by 2035. 🔗 Read the full article
🚀 MicroStrategy becomes "Strategy" and doubles down on Bitcoin!
MicroStrategy, the largest holder of Bitcoin, changes its name to Strategy to affirm its total commitment to BTC. This rebranding comes with a massive purchase of $20.5 billion in Bitcoin in the fourth quarter of 2024 that reinforces its status as a market institutional leader. Michael Saylor, now executive chairman of Strategy, insists that BTC is the asset of the future, far more reliable than fiat currencies. With this change, the company adopts Bitcoin's logo and orange color, marking a historic turning point in its strategic positioning. 🔗 Read the full article
Crypto of the day: Sonic (S)
Sonic is a Layer 1 blockchain compatible with the Ethereum Virtual Machine (EVM), designed to offer high performance with a processing capacity of 10,000 transactions per second and finality in less than one second. It introduces a fee monetization program (FeeM) that rewards developers up to 90% of the fees generated by their applications, thus adapting the ad revenue model of Web2 to a decentralized framework. In addition, Sonic offers a secure native gateway connected to Ethereum, providing developers and users with transparent access to vast liquidity through a unique security mechanism ensuring asset protection under all circumstances.
The native token of Sonic, known by the symbol S, is used to pay transaction fees on the network, participate in staking, manage a validator, and take part in the platform's governance. Holders of S can also benefit from rewards by participating in staking, thus contributing to the security and decentralization of the network. The initial distribution of the S token was carried out through a 1:1 exchange with the FTM token during the migration from Fantom to Sonic. Benefits for holders include the ability to participate in network governance, receive staking rewards, and use the token to access decentralized services and applications (dApps) developed on the Sonic platform.
Recent performances:
Current Price: $0.4321 (approximately €0.40)
24-hour Change: -8.6%
Market Capitalization: $1.37 billion
Rank on CoinMarketCap: 68
Solana on the rise: 213% growth driven by memecoins and artificial intelligence
In the last quarter of 2024, Solana recorded a spectacular growth of 213% in revenue generated by its applications, reaching $840 million, compared to $268 million in the previous quarter. This impressive jump is attributed to two major factors: intense speculation on memecoins and the rise of tokens related to artificial intelligence (AI). Long criticized for its recurrent outages, the Solana blockchain now seems to be establishing itself as a key player in the crypto ecosystem, attracting a surge of liquidity and massive adoption. This dynamic, highlighted by Messari, reflects the rapid evolution of the blockchain towards a more structured environment, where traders and institutional investors seek high-yield opportunities.
The rise of memecoins played a central role in this revenue explosion. Platforms like Pump.fun have seen their activity intensify, generating $235 million in the quarter, representing an increase of 242%. Other major players in DeFi on Solana, including Photon and Raydium, have also experienced explosive growth, with revenues reaching $140 million and $74 million, and increases exceeding 250%. This excitement led to a massive increase in daily traded volumes on Solana's DEXs (decentralized exchanges), reaching $3.3 billion per day, an increase of 150%. Solana is no longer positioned merely as an Ethereum challenger but is becoming a key attraction hub for traders and investors seeking high returns.
At the same time, the rise of AI tokens is also contributing to the transformation of the Solana ecosystem. Now dominating 56.48% of the AI asset market, the blockchain capitalizes on the convergence between crypto and artificial intelligence. This evolution is also reflected in its Total Value Locked (TVL), which reaches $8.6 billion, making Solana the second largest blockchain in terms of assets under management, just behind Ethereum ($57 billion). This rapid rise demonstrates Solana's ability to evolve beyond mere speculation on memecoins. However, uncertainties remain regarding the sustainability of this dynamic, particularly due to the volatility of the assets driving its growth. To maintain its long-term attractiveness, Solana will need to prove that its rise is based on solid foundations, strengthening the stability and security of its network.
