XRP saw a double-digit drop in its futures open interest, but is it a sign that the altcoin’s triple-digit rally is ending? source: https://cointelegraph.com/news/xrp-futures-open-interest-drops-37-are-altcoin-traders-jumping-ship?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

The tariffs are expected to take effect next week, though Trump's previously-announced tariffs were delayed by one month after diplomatic talks. source: https://www.theblock.co/post/339667/crypto-prices-slide-as-trump-announces-new-25-tariffs-on-steel-aluminum?utm_source=rss&utm_medium=rss

According to Cointelegraph, Anurag Arjun, co-founder of Avail and the Polygon layer-2 scaling solution, highlighted the challenges posed by current chain abstraction techniques in the crypto ecosystem. Arjun pointed out that each blockchain base layer operates with its own security assumptions, complicating interoperability. He noted that these layers have distinct validators and crypto-economic security, necessitating the creation of infrastructure like bidirectional light clients, which he identified as a significant bottleneck. Bridging between chains involves a complex, multi-step communication process that incurs high costs and security risks, further fragmenting users and capital. Arjun emphasized that previous efforts to achieve interoperability primarily focused on bridging liquidity between blockchain networks, allowing users to transfer liquidity across chains. However, this approach has led to increased fragmentation and cybersecurity vulnerabilities, resulting in several high-profile hacks, including the Wormhole Bridge hack on February 2, 2022, which resulted in a $321 million loss. Chain abstraction aims to simplify user experiences and interfaces by concealing technical blockchain aspects from end users. The ultimate goal is to provide a seamless and unified blockchain experience, enabling users to interact across chains through a single interface. An example of this is the NEAR Protocol's Chain Signatures feature, which allows users to sign transactions across multiple blockchain networks from their NEAR accounts using a single wallet. This solution has been praised for its simplicity and is considered a potential future base layer for blockchain interactions.

Industry executives and competing firms are still grappling with abstracting away the complexities of blockchain for the end user. source: https://cointelegraph.com/news/current-chain-abstraction-methods-fragmenting-crypto-web3-exec?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

On Feb 09, 2025, 21:49 PM(UTC). According to Binance Market Data, Bitcoin has dropped below 95,000 USDT and is now trading at 94,934.4375 USDT, with a narrowed 1.65% decrease in 24 hours.

OKX market data shows that BTC fell below 95,000 USDT and is now at 94,921 USDT, a 24-hour drop of 1.66%. (This newsletter is generated with the assistance of AI)

According to PANews, Ethereum (ETH) has recently dropped below the $2600 mark. The current price is reported at $2598.40 per coin, reflecting a daily decrease of 2.07%.

On Feb 09, 2025, 21:39 PM(UTC). According to Binance Market Data, Ethereum has dropped below 2,600 USDT and is now trading at 2,599.01001 USDT, with a narrowed 1.38% decrease in 24 hours.

OKX market data shows that ETH fell below 2600 USDT and is now at 2599.77 USDT, a 24-hour drop of 1.29%. (This newsletter is generated by AI)

Michael Saylor is ready to pull the trigger again. The co-founder of Strategy, formerly known as MicroStrategy, shared his usual Sunday Bitcoin chart on X today, teasing yet another purchase set for Monday. “Death to the blue lines. Long live the green dots,” Saylor said to his 4.1 million followers in the post, hinting at […] source: https://www.cryptopolitan.com/strategys-michael-saylor-hints-at-resumption-of-bitcoin-purchases-on-monday/

Chillguy (CHILLGUY) has dropped in value amidst plagiarism allegations involving its meme. Phillip Banks, the alleged creator, hinted at his authorship, while others claim the image may have been AI-manipulated. The debate continues: who truly created the meme?