🇺🇸 VanEck unveils a mega Bitcoin purchase plan: 20 US states ready to invest $23 billion!
Welcome to the Daily Tribune of Friday, February 14, 2025 ☕️
Happy New Year to Cointribu! 🚀
Today is Friday, February 14, 2025, and as every day from Tuesday to Saturday, we summarize the news from the last 24 hours that you shouldn’t miss!
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡️ Temperature:
Sunny ☀️
24h crypto recap! ⏱
🇺🇸 VanEck unveils a massive Bitcoin purchase plan in the USA!
About twenty US states plan to buy Bitcoin for an estimated total of $23 billion, or about 247,000 BTC, according to an analysis by VanEck. These legislative proposals aim to establish strategic Bitcoin reserves, strengthening its role as an official reserve asset. Meanwhile, Donald Trump is exploring the creation of a national Bitcoin reserve, which could include other cryptos like Solana and XRP. If these initiatives succeed, they could have a greater impact than the arrival of Bitcoin ETFs in 2024, further accelerating institutional adoption. 🔗 Read the full article
💥 Memecoin TRUMP: fiasco and scandal at $2 billion!
The memecoin TRUMP, launched in January, soared to $72.60 before plummeting by 80%, causing losses of $2 billion for 813,000 investors. Meanwhile, the Trump Organization and its partners pocketed $100 million in trading fees. This brutal crash reignites the debate on regulation of memecoins, seen as uncontrolled speculative objects. For some analysts, these ultra-volatile cryptos should be better regulated, while others argue that the speculative nature of memecoins is part of the game. 🔗 Read the full article
🚀 XRP surpasses Bitcoin on a key indicator, a historic first!
According to Santiment, the XRP network recorded a record increase in active wallets, while Bitcoin lost 277,000 wallets in three weeks. This phenomenon is partly explained by the impact of Bitcoin ETFs, which shift volumes away from the BTC blockchain to centralized structures. Meanwhile, the XRP ecosystem continues to grow, supported by bank integrations and innovations in cross-border payments. This trend marks a major change in on-chain activity of cryptos, with XRP gaining momentum against Bitcoin. 🔗 Read the full article
🔥 BNB overtakes Solana and asserts itself as the leader of blockchains!
Binance Coin (BNB) has surpassed Solana (SOL) in market capitalization, reaching $104 billion after a 13% increase in a week. This success is driven by the BNB Chain ecosystem, which processed 68.3 million transactions in 30 days, becoming the most active EVM blockchain. Furthermore, the rise of memecoins on the BNB Chain, with the creation of 12,000 tokens in a single day, reflects the growing commitment of users. The persistent influence of Changpeng Zhao (CZ) and Binance's marketing strategy bolster this dynamic, making BNB an essential pillar of the crypto market. 🔗 Read the full article
Crypto of the day: NEAR Protocol (NEAR)
NEAR Protocol is a level 1 blockchain platform designed to facilitate the development and execution of decentralized applications (dApps) and smart contracts. It aims to solve the scalability, usability, and security issues faced by previous blockchain platforms, thus promoting widespread adoption of blockchain technology. With its innovative sharding technology, NEAR allows for parallel transaction processing, significantly improving transaction throughput and speed. This approach enables NEAR to handle a high volume of transactions, making it suitable for applications with a large user base and high transactional demands.
The native token of NEAR Protocol, known by the symbol NEAR, is used for several functions within the ecosystem. It serves as fuel for transactions on the network and as a reward for validators and developers. NEAR holders can participate in the governance of the network by voting on proposals aimed at improving the protocol. Additionally, developers can use NEAR to create dApps on the network and accept it as payment for their services.
The initial distribution of the NEAR token was done through a combination of token sales, mining, and rewards for validators. Benefits for holders include participation in network governance, the opportunity to earn rewards by participating in staking, and the use of the token to access various services within the NEAR ecosystem.
Recent performance:
Current price: $3.47 (approximately €3.20)
24-hour change: +5.47%
Market capitalization: $4.12 billion
Rank on CoinMarketCap: #31
Bitcoin at $1.5 million in 2030? Cathie Wood’s bold scenario
According to Cathie Wood, CEO of ARK Invest, Bitcoin could reach $1.5 million by 2030, an ambitious forecast based on growing institutional investor adoption and the development of Bitcoin ETFs. In her report "Big Ideas 2025", ARK Invest presents three scenarios for BTC price evolution:
Optimistic scenario: Bitcoin reaches $1.5 million with a compounded annual growth rate (CAGR) of 58%.
Base scenario: BTC climbs to $710,000 with a CAGR of 40%.
Pessimistic scenario: Bitcoin reaches only $300,000, with a CAGR of 21%.
This bet relies on transforming Bitcoin into a safe-haven asset comparable to gold, bolstered by interest from big investors and institutional funds. The rise of Bitcoin ETFs facilitates regulated access to this asset, making its adoption smoother within traditional investment portfolios.
Bitcoin must first cross the threshold of $100,000
Before considering such a scenario, Bitcoin must first surpass the psychological threshold of $100,000. A sustained close above this level would be a strong signal for a new bullish cycle, with major resistance at $106,500.
However, several macro-economic factors could hinder this ascent, notably regulation, the evolution of inflation, and the decisions of central banks. The question remains open: will Bitcoin manage to reach $1.5 million by 2030, or will this prediction remain an optimistic utopia driven by market excitement?
