MicroStrategy Buys More Bitcoin, But Only Half as Much as Last Week

Following NVIDIA's AI announcements at CES 2025, the crypto industry anticipates a shift towards AI agents dominating blockchain networks. Predictions suggest a future with a billion agents onchain before a billion humans, impacting accessibility and raising ethical concerns.

Bitcoin faces short-term pressure due to macroeconomic shifts and changing sentiment, leading to a reversal from its record high. Market signals, including a strengthening U.S. dollar and heightened volatility, favor a downside correction, according to analysts like Joe McCann.

The federal judge overseeing the SEC's lawsuit against Coinbase ruled to pause the case until an appeals court can weigh in, acknowledging the novel legal issue of crypto. Judge Failla dismissed the SEC's argument, stating that the application of securities laws to crypto is an issue of first impression.

New court documents suggest that the Terra ecosystem collapse in 2022 may have affected over 1 million victims due to the alleged fraudulent activities of Terraform Labs founder Do Kwon. The collapse left a $40 billion black hole, impacting investors who used Terra for decentralized finance.

Illuvium plans to integrate Virtuals Protocol's AI technology into its gaming franchise, starting with the open-world survival game Overworld. This move aims to enhance NPC interactions and gameplay through more dynamic questing and storytelling.

Spot Bitcoin and Ethereum ETFs have attracted $1.75 billion in 2025, with daily inflows exceeding $900 million. Investors are showing interest in these products, possibly in anticipation of a pro-crypto administration taking office soon.

U.S. Commodity Futures Trading Commission Chair Rostin Behnam announced his resignation, effective January 20, with his departure from the Commission set for February 7. Behnam, a crypto-skeptic regulator, aimed to strengthen derivatives markets during his tenure.

BIT Mining, a Chinese bitcoin mining company, has expanded into Ethiopia, attracted by the country's low electricity costs. The move allows the firm to extend the lifespan of its mining rigs and increase returns for investors, despite concerns about social unrest.

Cryptocurrency prices are plummeting, with Bitcoin, Dogecoin, and Solana leading the decline due to new economic data affecting both crypto and stock markets. Bitcoin dropped over 4%, while Ethereum, Dogecoin, and Solana fell by about 7% and 6% respectively.

Arthur Hayes predicts a crypto market peak in mid-March followed by a significant correction, comparing it to early ski resort openings due to heavy snowfall in Hokkaido. He believes the "Trump dump" already occurred, with positive dollar liquidity expected in 2025.