The crypto markets are gearing up for a news-packed week, with a number of key occasions on the horizon. Ahead-looking or enlightened buyers can capitalize on the volatility round these occasions for buying and selling alternatives.
In the meantime, Bitcoin (BTC) stays under the $100,000 milestone following a crash that has triggered huge liquidations throughout the crypto market.
Kentucky State Bitcoin Reserve Invoice
Amid requires a strategic nationwide Bitcoin reserve within the US, a number of states have lately proposed and handed BTC payments. Kentucky lately joined the motion with plans to introduce its personal Bitcoin proposal.
“I will be filing a bitcoin strategic reserve bill on the first week of my return to the General Assembly,” wrote TJ Roberts, Kentucky Consultant.
In line with an official submitting, Kentucky is assembly in February to contemplate a Bitcoin Reserve. Others embrace Illinois, Indiana, Utah, and Arizona. South Dakota’s State Consultant, Logan Manhart, additionally lately indicated plans to introduce a proposal.
If Kentucky and South Dakota lawmakers observe by means of on their guarantees, the variety of US states with Bitcoin reserve laws will rise to 13. This pattern aligns with Dennis Porter’s expectation that as much as 15 states will work on ‘Strategic Bitcoin Reserve’ reserves in 2025. Porter is the CEO and co-founder of the Satoshi Motion Fund.
“I can confirm that up to 15 states will be working on ‘Strategic Bitcoin Reserve’ legislation in 2025,” Porter shared on January 17 in an X (Twitter) put up.
In a follow-up put up the identical month, the Satoshi Motion Fund government articulated that these filings would solely be the beginning.
Jupiter’s JUP Buyback Mechanism Activation
Jupiter’s JUP buyback mechanism shall be activated this week after an announcement on January 26. The community indicated that half, or 50%, of the protocol charges will go in direction of buybacks held within the long-term litter field.
“Alignment in action, 50% of Jupiter Exchange protocol fees will now go towards JUP buybacks. The remaining 50% will be invested in the project’s growth, future strategy, and full operational stability,” Jupiter mentioned.
This choice adopted an announcement that the agency’s income reached $102 million in 2024. It highlighted the platform’s seventh rank amongst Solana DApps.
In line with the corporate’s assertion, the agency’s major income, Jupiter Perps, has an 84% market share among the many gamers within the Solana Perpetual DEX Market. Notably, Jupiter’s earnings elevated 7-fold between January and December 2024, rising from $3 million to over $21 million.
Jupiter’s JUP token is down by nearly 10%. BeInCrypto information reveals it was buying and selling for $0.87 as of press time.
HeyAnon Public Beta
The general public beta for Daniele Sesta’s DeFAI venture HeyAnon will go reside on Friday, February 7. HeyAnon (ANON) is a novel, AI-driven decentralized finance protocol that simplifies DeFi interactions.
“Hey Anon, Beta is Here – A Glimpse into the Future of DeFAI We’ve skipped the Alpha stage entirely to bring you straight into Public Beta v0.1—your first hands-on experience with DeFAI and Gemma on the 7th of February,” the venture shared on X.
By integrating conversational synthetic intelligence (AI) with real-time information aggregation, HeyAnon empowers customers to handle DeFi operations seamlessly.
It combines pure language processing and actionable insights to redefine the DeFi consumer expertise, from bridging and staking to monitoring venture updates and analyzing tendencies.
Ondo Finance Summit
This week, the first-ever Ondo Finance summit can be among the many high crypto information. It is going to start on Thursday, February 6, and the venture is anticipated to make a number of large reveals.
“The Ondo Summit is just 7 days away—where a bold new vision for Wall Street will be unveiled,” the venture shared in a late January put up.
The occasion will happen in New York, as Ondo Finance strives to convey institutional-grade finance on-chain. In line with the announcement, leaders within the conventional finance (TradFi) and blockchain areas will attend. Amongst them are Franklin Templeton, BlackRock, and Constancy Investments, all gamers within the real-world property (RWA) house.
Regardless of anticipation for the occasion, Ondo Finance’s token worth is down by over 8%. BeInCrypto information reveals ONDO was buying and selling for $1.23 as of this writing.
Injective’s AI Agent Hackathon
Extra carefully, nonetheless, markets are additionally bracing for Injective’s AI agent Hackathon, slated for Tuesday, February 4. Notably, the ceremony kicks off on Monday, setting the tempo for the primary occasion. Key individuals embrace Google Cloud, elizaOS, and DoraHacks, amongst others.
“It’s all about bringing AI and blockchain together to create the next generation of AI agents that can automate trades, manage assets, and maybe even handle the things we keep procrastinating on – like replying to emails or organizing our desk,” one consumer on X remarked.
Builders compete to win over $100,000 in prizes, grants, funding, and extra. They’ve 4 weeks to develop their concepts into initiatives. The highest initiatives shall be offered at Demo Day in entrance of the house’s high builders and buyers.
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