Macro Pulse Update 12.02.2025
Spot Bitcoin ETFs scooped up 51.5K BTC in December—4x mined supply!
Supply shock incoming?
But BTC dips below $93K on fears of a $6.5B US gov BTC sale.
Bull or bear next? 👀👇
Macro Pulse Update 12.02.2025, covering the following topics:
1️⃣ Macro events for the week
2️⃣ Bitcoin Buzz Indicator
3️⃣ Market overview
4️⃣ Key Economic Metrics
5️⃣ China Spotlight
1️⃣ Macro events for the week
Last Week
Next Week
2️⃣ Bitcoin Buzz Indicator
Market Movements and Trends
Corporate Bitcoin Holdings Continue Rising in 2025
Global Crypto Regulations Witness Key Developments
New Bitcoin ETF Applications and Mining Expansions
U.S. Crypto Policy Shifts Under New Administration
Exchanges and Corporate Developments
Backpack Exchange Secures FTX EU Assets
Grayscale Restructures Funds Amid Market Trends
Legal and Regulatory Updates
Coinbase Appeals SEC’s Token Lawsuit
Stablecoins and DeFi News
Stablecoin Peg Challenges Spark Community Debate
NFTs and Blockchain Innovations
Trump Launches Bitcoin Ordinals NFTs
Reddit Collectible Avatars Face Uncertain Future
Mad Lads NFTs Surge After Backpack News
Altcoins
Ai16z integrated "Hierarchical Task Networks" into Eliza V2.
Solv Protocol launched Megadrop 2025 with 4.7M token rewards, securing Binance listing for SOLV.
Solayer Foundation unveiled its native token LAYER and 2025 roadmap.
Phantom Wallet denied token airdrop rumors.
Polkadot parachain Phala Network launched an Ethereum layer-2 solution.
Tether started hiring AI filmmakers to manage brand storytelling.
A16z Crypto outlined 5 key metrics to watch in 2025.
Illuvium and Ronin partnered with Virtuals Protocol for AI-powered gaming.
Gemini settled with the CFTC, paying a $5M fine.
DePIN revenue grew over 100x in 2024, according to Messari Research.
A new Solana proposal aimed to address scalability with a "lattice" system.
The Aave community resisted pegging Ethena’s USDe to Tether's USDT.
ZKsync’s TVL rose as it allocated 300M tokens for DeFi incentives.
Hong Kong's HashKey secured a VASP license in Ireland.
Bybit launched a physical card in Brazil with perks, while halting services in India due to regulations.
CoinSwitch launched a $70M recovery fund for WazirX hack victims.
Ripple and Chainlink partnered to boost RLUSD adoption.
Dusk Network launched its mainnet, focusing on privacy-first RWA tokenization after six years of development.
Coinbase received a Virtual Currency Business License in New York.
Bitfinex Derivatives planned a move to El Salvador after securing a crypto license.
Arbitrum partnered with Lotte for metaverse gaming and proposed a new dispute resolution system.
GSR Markets UK received FCA approval for crypto asset trading.
Wintermute became the first to offer OTC trading for BUIDL tokens.
Finnish police seized $2.6M in watches from Hex founder Richard Heart.
Sonic SVM launched a multimillion-dollar fund for Web3 gaming and AI agents.
StarkWare unveiled appchains on Starknet with a developer toolkit.
Revolut partnered with Pyth Network to supply market data.
Do Kwon’s trial was set for Jan 2026 as investigations continued.
Exodus Wallet goes public on the NYSE.
Eliza Labs partnered with ARC and IoTeX.
Mastercard launched crypto solutions for traders in UAE and Kazakhstan.
Coinbase Wallet added bank transfer features to enhance USDC accessibility.
Fetch.ai launched a $10M accelerator for AI startups.
Mantra and Damac signed a $1B deal to tokenize Middle Eastern assets.
Aptos integrated Chainlink for verifiable data.
WazirX charted a recovery path after a $235M cyberattack.
Philippine banks collaborated to launch PHPX stablecoin on Hedera.
Berachain’s vault hit $1.1B, showcasing strong community support.
Sam Altman's Worldcoin project surpassed 10M human verifications.
Movement Labs neared completion of a $100M Series B funding round.
AI-driven crypto research platform SoSoValue secured $15M in Series A funding at a $200M valuation.
O.XYZ raised $130M to develop decentralized AI-managed organizations.
Crypto donations bolster LA wildfire relief efforts.
3️⃣ Market overview
Spot Bitcoin ETFs Dominate Supply
US Spot Bitcoin ETFs acquired 51,500 BTC in December—nearly 4x the total mined BTC. This surge in ETF-driven demand could trigger a supply shock, propelling prices higher in the coming months. However, bitcoin's price dipped below $93,000 this week amid concerns about the US government's potential sale of $6.5B in seized BTC.Backpack Exchange Acquires FTX EU
Backpack Exchange, founded by ex-FTX staff, has taken over FTX EU after regulatory approval. While Backpack plans to manage bankruptcy claims and expand its European services, the FTX bankruptcy estate disputes its control over fund distribution.Do Kwon Faces US Fraud Trial in 2026
Terraform Labs founder Do Kwon pleaded not guilty to US fraud charges following extradition. Accused of misleading investors about terraUSD's stability, Kwon’s trial could shape the crypto regulatory landscape in the coming years.Metaplanet Targets 10,000 BTC Holdings
Tokyo-listed Metaplanet plans to quintuple its bitcoin reserves in 2025, continuing the trend of corporate BTC adoption. With holdings currently valued at $180M, the firm aims to solidify its position in the Bitcoin ecosystem.
4️⃣ Key Economic Metrics
U.S. Labor Market Resilience 🔴
Strong Nonfarm Payrolls (+256K vs. 164K expected) signal robust consumer spending potential. Sectors like Consumer Discretionary (ETF: XLY) could benefit from this sustained activity, offering growth opportunities for cyclical stocks.Higher Bond Yields: Winners & Losers 🔴
Rising 10-year and 30-year bond yields are pressuring growth stocks, especially in the NASDAQ 100. However, Financials (ETF: XLF) could thrive with higher net interest margins, making it a potential winner in this environment.Energy Market Stabilization 🟢
Smaller-than-expected Crude Oil Inventory drawdowns hint at stability in energy markets. For strategic exposure, the United States Oil Fund (USO) offers a hedge against potential crude price rebounds as global demand shifts.Eurozone Inflation Insights 🔴
Germany’s CPI (0.4% MoM) suggests steady inflation pressures, creating opportunities in EUR/USD trading. The euro could see modest gains against the dollar, driven by expectations of sustained inflation and policy shifts.U.S. Services Sector Strength 🔴
A sharp rise in ISM Non-Manufacturing PMI (54.1) indicates strong expansion, particularly in services. Persistent inflationary pressures could buoy the USD/JPY pair, historically a beneficiary of such trends.
5️⃣ Market Analysis 🔴
Rising Inflation Expectations: The Fed’s dovish stance in 2024 is being overshadowed by renewed inflation concerns in 2025.
Intermarket Dynamics: Key indicators like the S&P 500 (SPY), 10-Year Treasury Rate (TNX), US Dollar Index (DXY), and Oil are showing trends consistent with 2022’s macro-driven market environment.
Implications: CPI, PPI, Nonfarm Payroll data, and FOMC meetings will dominate market sentiment, making it a challenging year for equities.