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🌙 Cryptocurrency Market Posts Mild Losses Amid Trade Tensions

Bitcoin and most altcoins dip, suggesting investors remain cautious after this week’s tariff-driven selloff.

Author

Mike Gavela
February 06, 2025

Crypto Roundup - February 6

The recent developments in the cryptocurrency sector reveal various significant events. Amid global trade tensions, the cryptocurrency market experienced mild losses, primarily driven by investor caution. Concurrently, multiple firms, including WisdomTree and Bitwise, initiated a race to launch the first XRP ETF, submitting their applications to the regulatory authorities, signifying a potential expansion in crypto-related financial products. Additionally, Tornado Cash developer Alexey Pertsev is set to be released from prison on supervised release as he appeals his conviction related to charges of money laundering through his crypto-mixing service.

Top Stories

  • Cryptocurrency Market Dips: Minor losses reported due to increased trade tensions and market uncertainty.

  • Race for First XRP ETF: Several companies file applications, indicating growing interest in XRP as an investment vehicle.

  • Tornado Cash Developer's Release: Alexey Pertsev to be released on supervised release while appealing his money laundering conviction.

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TOP STORIES

Cryptocurrency Market Posts Mild Losses Amid Trade Tensions - "The Defiant"

Bitcoin and most altcoins dip, suggesting investors remain cautious after this week’s tariff-driven selloff.

thedefiant.io/news/markets/cryptocurrency-market-posts-mild-losses-amid-trade-tensions

XRP ETF race begins as WisdomTree, Bitwise, 21Shares, and Canary submit 19b-4 filings

WisdomTree, Bitwise, 21Shares, and Canary submit XRP ETF applications to the SEC after Bitcoin and Ethereum precedent rulings.

cryptobriefing.com/xrp-etf-applications-race-begins

Tornado Cash Developer Alexey Pertsev Leaving Prison on Supervised Release - Decrypt

Alexey Pertsev will be released from prison with an electronic monitor as he appeals his money laundering conviction related to Tornado Cash.

decrypt.co/304723/tornado-cash-developer-alexey-perstev-leaving-prison

FUNDRAISING

OTHER HEADLINES

Ondo Finance to Launch RWA-focused Layer 1 Blockchain - "The Defiant"

In addition to Ondo Chain, the real-world asset protocol unveiled a tokenization platform this week.

thedefiant.io/news/defi/ondo-finance-to-launch-rwa-focused-layer-1-blockchain

Berachain mainnet debuts as BERA token hits $1B market cap

The L1’s unique “proof-of-liquidity” consensus attracted $3.1 billion in pre-deposits.

blockworks.co/news/berachain-mainnet-debuts

BTC’s evolving correlation to more traditional asset classes  

Quantifying such a relationship is becoming more prevalent as investors seek diversification and hedging opportunities.

blockworks.co/news/btc-correlation-to-traditional-asset-classes

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