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These three altcoins saw significant declines today. Can they reclaim key support levels, or are deeper losses ahead?
Senator Cynthia Lummis sees Bitcoin as a solution to the US debt crisis, proposing a national reserve to leverage its long-term appreciation. Her BITCOIN Act is gaining traction, with 15 states backing similar initiatives.
The crypto market has dipped in response to President Trump’s plan to enact steep tariffs on imported goods from Canada, Mexico, and China beginning on Tuesday.Canada and Mexico have ordered retaliatory tariffs in response, while China promised “corresponding countermeasures” and said it would file a lawsuit with the WTO.Memecoins were particularly hard-hit by the downturn, with many top coins seeing double-digit percentage drops. Trump’s memecoin has fallen nearly 30% over the past week.
Quick Take THORChain’s governance approved a proposal to address a nearly $200 million debt crisis. The approved plan involves converting defaulted debt into equity by issuing creditors a new token called TCY. TCY token holders are entitled to 10% of THORChain’s revenue in perpetuity.
Quick Take Story is a specialized Layer-1 blockchain transforming intellectual property (IP) into a programmable asset class critical for artificial intelligence (AI). IP has emerged as the largest intangible asset class in the world, ranging from code and data to scientific research, and AI models depend on it for both training and inference. By bringing IP on-chain, Story streamlines licensing, automates royalties, and ensures verifiable ownership at scale. This research is commissioned by Story Foundati
- 02:07A Whale Purchased 16.25 Million TST at an Average Price of $0.195, Facing an Unrealized Loss of $1.13 MillionAccording to OnchainLen monitoring, a wallet associated with @XXAntiWar spent 5,089 BNB (approximately $3.17 million) to purchase 16.25 million TST at an average price of $0.195. Currently, the whale is facing an unrealized loss of $1.13 million.
- 02:06Cryptocurrency Companies like Uniswap are Hiring Lobbyists in WashingtonOn February 9, Bloomberg reported that an increasing number of cryptocurrency companies are actively seeking well-connected lobbyists or policy experts to strengthen their influence in Washington and maintain ties with the new digital asset-friendly government. Sources revealed that cryptocurrency companies, including Uniswap, Jump Trading, and the Solana Foundation, have recently expressed interest in hiring lobbyists or policy experts. Many companies are looking for candidates who can leverage their relationships with Trump and lawmakers on Capitol Hill.
- 02:04Movement Co-Founder: Mainnet Progressing Smoothly, MOVE Being Distributed to Ecosystem Teams for DeploymentRushi Manche, co-founder of Movement Labs, posted on X: "The mainnet progress is going smoothly: Infrastructure partners have joined and are wrapping up work. The mainnet MOVE is being distributed to ecosystem teams for deployment. We are preparing for the release. This month, the project will see significant progress." Earlier, at the end of January, Movement Network announced that its developer mainnet was now live, marking the start of Phase 2 of the Movement Network launch plan. Selected developers can now begin deploying core infrastructure and apps on Movement. It is reported that a few weeks after the developer mainnet launch, the Movement Network Foundation plans to roll out Phase 3: the public mainnet testnet.