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🌙 Crypto Market Slips as Macro Fears Dampen Investor Sentiment

Bitcoin and Ether declined 2% amid trade war concerns.

Author

Mike Gavela
February 11, 2025

Crypto Roundup - February 11

The cryptocurrency market has recently experienced a significant downturn due to increased macroeconomic uncertainty and negative sentiment in global stock markets. This has led to substantial sell-offs across major cryptocurrencies and related assets like ETFs, which are facing outflows amid market volatility. Uniswap Labs has launched a new Ethereum scaling solution called Unichain, aiming to improve transaction efficiency on its mainnet. Meanwhile, ADA has shown remarkable performance relative to Bitcoin, prompted by Grayscale's filing with the SEC for approval of the first U.S. Cardano ETF, signaling potential growing institutional interest in this alternative cryptocurrency.

Top Stories

  • Cryptocurrency markets face pressure as broader economic fears trigger a wave of sell-offs, impacting major cryptocurrencies and DeFi indices.

  • Uniswap Labs rolls out Unichain, a new mainnet Ethereum scaling solution, to enhance transaction throughput and efficiency, potentially reshaping Ethereum's scalability landscape.

  • Grayscale files for the first U.S. Cardano ETF, highlighting ADA's outperformance against Bitcoin and suggesting a growing institutional interest in Cardano as a viable investment vehicle.

TOP STORIES

Crypto Market Slips as Macro Fears Dampen Investor Sentiment - "The Defiant"

Bitcoin and Ether declined 2% amid trade war concerns.

thedefiant.io/news/markets/crypto-market-slips-as-macro-fears-dampen-investor-sentiment

Unichain Mainnet is Here — A New Home for DeFi

Lower fees, faster transactions, and built to be seamlessly interoperable and decentralized – Unichain is now here.

blog.uniswap.org/unichain-mainnet-is-here

ADA outperforms Bitcoin as Grayscale seeks approval for first US Cardano ETF in SEC filing

Grayscale's application highlights growing institutional interest in Cardano's scalability and decentralized design.

cryptoslate.com/ada-outperforms-bitcoin-as-grayscale-seeks-approval-for-first-us-cardano-etf-in-sec-filing

FUNDRAISES

Decentralized finance platform Legend raises $15 million from a16z and Coinbase

Former Compound CEO is launching a DeFi platform to help investors trade, borrow, and earn crypto.

fortune.com/crypto/2025/02/11/decentralized-finance-platform-legends-raises-15-million-from-a16z-and-coinbase

OTHER HEADLINES

Lido Unveils V3 Upgrade, Enhancing Ethereum Staking for Institutions - "The Defiant"

Lido, one of Ethereum’s (ETH) largest staking protocols, has announced the launch of Lido V3, an upgrade aimed at making ETH staking more modular, flexible, and accessible to institutional investors.

thedefiant.io/news/defi/lido-unveils-v3-upgrade-enhancing-ethereum-staking-for-institutions

Meme Coins Like Solana's TRUMP Probably Not Under SEC Jurisdiction: Hester Peirce - Decrypt

Hester Peirce, the SEC's new crypto task force boss, has said that most meme coins probably do not fall under the regulator's purview.

decrypt.co/305502/meme-coins-solana-trump-not-under-sec-jurisdiction

Tether introduces bridge-free multichain liquidity for legacy USDT networks

The Legacy Mesh will allow USDT holders to use the multichain connectivity introduced by the USDT0.

cryptoslate.com/tether-introduces-bridge-free-multichain-liquidity-for-legacy-usdt-networks

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