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Why has utility become such a losing bet?
President Trump on Saturday signed an executive order imposing 25% tariffs on imports from Canada and Mexico, with a 10% tariff on Canadian energy and oil, and an additional 10% tariff on China.The implementation of the tariffs was delayed to Tuesday at 12:01 am.Mexico’s President Sheinbaum announced the country would implement both tariff and non-tariff retaliatory measures, while Canadian PM Trudeau said Saturday night Canada would implement 25% tariffs on a swath of American goods in response.
Stablecoin liquidity has increased, surpassing $200B in total market cap. USDT and USDC lead the expansion, signaling potential market shifts. Analysts say this trend could impact Bitcoin and crypto prices.
MicroStrategy expanded its preferred stock offering from $250M to $584M to support corporate initiatives and enhance its Bitcoin portfolio ahead of final sale conditions.
- 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.