Tether keeps climbing as stablecoins absorb more capital, while ETH chops in a risk-off market.

The gap is narrowing fast — if the stablecoin trend holds, USDT flipping ETH for #2 by market cap stops sounding impossible.

Telegram

Author: Xie Zhaoqing, Tencent Finance "Deep Dive" The cryptocurrency market has given back all the gains brought by Trump's inauguration, experiencing an epic crash that has brought back the word "risk," temporarily forgotten by greed, to stare at all investors with its most menacing face.

Over the past week, Bitcoin experienced its biggest weekly drop in three years. February 5th was an unexpected day for crypto market investors: Bitcoin fell by 13%, marking its largest single-day drop since June 2022, and briefly dipped below $61,000 in the early hours of February 6th.

In this sharp correction...

Cryptocurrency Crash: Veteran Crypto Yi Lihua Loses $700 Million in a Week

Original article | Odaily Odaily(@OdailyChina)
Author｜Azuma (@azuma_eth)
In 2014, CZ, who had only been exposed to the concept of cryptocurrency for a year, made the most daring investment of his life—selling his apartment in Shanghai and "All In" on about 1,500 BTC for a three-figure price. Twelve years later, if CZ had never sold, this investment would have brought in a substantial profit of hundreds of millions of dollars (peak return of about $189 million).
Compared to the later establishment of Bina...

The day CZ missed his best investment, Crypto missed out on AI.

Bitcoin and altcoins experienced a truly unprecedented crash last week. Bitcoin’s price fell to around $60,000, but recovered over the weekend and is currently trading at $71,206 at the time of writin...