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Bitcoin (BTC) Price Prediction for February 1
Bitcoin (BTC) Price Prediction for February 1

CryptoNewsNet·2025/02/01 16:00
Raydium overtakes Uniswap in monthly DEX volume after memecoin-heavy January
Raydium overtakes Uniswap in monthly DEX volume after memecoin-heavy January

Quick Take Solana-based decentralized exchange Raydium overtook Uniswap for the first time in January, processing more volume over the month than any other DEX, according to The Block’s data. Raydium surged in January largely thanks to memecoin traders, and processed 27% of all DEX volume.

The Block·2025/02/01 16:00
Crypto sees over $1.7 billion liquidated in past day as Trump tariffs dampen 'overleveraged' bullish sentiment
Crypto sees over $1.7 billion liquidated in past day as Trump tariffs dampen 'overleveraged' bullish sentiment

Quick Take The crypto market saw $1.79 billion liquidated in the past 24 hours, following U.S. President Donald Trump’s announcement of tariffs. Investors fear that the ongoing “trade war” would fuel inflation and cause interest rates to stay higher for a longer period, according to analysts.

The Block·2025/02/01 16:00
Flash
  • 05:52
    Encryption KOL: Rumor has it that pump.fun plans to adopt the Dutch auction model for public fundraising on multiple exchanges
    Crypto KOL Hebi (@hebi555) posted on X revealing: "The known news about pump.fun is that it's publicly raising funds on major exchanges, reportedly in a Dutch auction style. It was originally exclusive to a certain exchange, but due to compliance issues, the exchange cancelled it and now multiple exchanges are hosting the public fundraising. Due to the enormity of the project and its many requirements, none of the current public fundraising systems at major exchanges meet pump.fun's needs. All major exchanges are developing customised public fundraising programs for pump.fun. However, there are still many uncertainties until the end. Pump.fun also faces class action lawsuits in America; it seems like they will only issue coins after these lawsuits conclude."
  • 05:51
    Analysis: There is a difference between SOL's off-chain and on-chain OI, continuous divergence may indicate price correction
    Researcher Nazri cited Laevitas data at X, stating: "There is an interesting difference between the off-chain OI and on-chain OI of SOL (see data from January 13 to January 17)Off-chain: Price rises, OI increases → strong bullish momentum;On-chain: Price rises, OI decreases → unsustainable rebound.This continuous divergence may be worth paying attention to for price correction."
  • 05:50
    Analysis: Continuous negative funding rates and a complete collapse of market sentiment suggest that the market may be nearing its bottom
    Felix Hartmann, the founder of Hartmann Capital, stated: "I might be a bit early, but I feel we are nearing the bottom. The funding rate has been negative for some time now. The futures premium flipped to negative weeks ago.AI tokens have fallen 80-99%. High-quality alternative tokens have retreated to their long-term trend lines, eliminating the excessive rise in Q4.Market sentiment has completely collapsed - this is often the best signal. Stablecoins won't disappear; they need on-chain infrastructure. AI agents are inevitable; they require non-KYC financial channels. Bitcoin's wealth effect once drove altcoins up, but that changed with the ETF era. Fink expects an SOL ETF soon - unlike BTC/ETH, there's no pending issue with Grayscale. Pure capital inflow. ETFs could become events similar to Coinbase/Binance listings in this cycle. Cryptocurrency has a cultural problem - too much extraction and not enough creation. But real progress will come in stablecoin and AI fields over the next four years. Today's despair feels as irrational as Q4's frenzy was. We may fluctuate, but most unlocked venture capital tokens were probably sold off over the past two quarters already. This might be the final stage."
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