Daily Report | MicroStrategy renamed to Strategy; Eric Trump, son of Trump: Now is a good time to buy BTC; U.S. CFTC to review prediction markets at
February 6 News Overview
Organizer: Luan Peng, ChainCatcher
Important News:
- Musk supports putting U.S. Treasury trades on the blockchain
- MicroStrategy rebranded as Strategy
- Sun Yuchen: Welcome CEX to contact for cooperation, offering a 20% annualized USDD reward
- Coinbase International has launched AXS, XTZ, and EGLD perpetual contracts
- U.S. CFTC to review prediction markets in public roundtable
- Eric Trump, Trump's second son: Now is a good time to buy BTC
- Jupiter founder: Project X account accessed by an Android phone in the U.S., one employee missing
- Korean police arrest 90 people for drug trafficking using cryptocurrency
"What important events have occurred in the past 24 hours"
Musk supports putting U.S. Treasury trades on the blockchain
According to Watcher.Guru on the X platform, Musk supports putting U.S. Treasury trades on the blockchain for complete transparency.
MicroStrategy rebranded as Strategy
According to an official announcement, MicroStrategy has changed its company name to Strategy.
The announcement states that Strategy is the world's first and largest Bitcoin financial company and a component of the Nasdaq 100 index. This brand simplification is a natural evolution for the company, reflecting its focus and broad appeal. The company's new logo includes a stylized "B," representing its Bitcoin strategy and its unique position as a Bitcoin financial company. The brand's primary color is now orange, symbolizing energy, wisdom, and Bitcoin.
Sun Yuchen: Welcome CEX to contact for cooperation, offering a 20% annualized USDD reward
Sun Yuchen posted on the X platform, welcoming CEX to contact for cooperation, offering a 20% annualized USDD reward, with a 1:1 lossless exchange between USDT and USDD.
Previously, Sun Yuchen stated that USDD has zero exchange support and relies solely on on-chain traffic, with supply exceeding 100 million in just three days.
Coinbase International has launched AXS, XTZ, and EGLD perpetual contracts
According to an announcement from Coinbase International, the AXS-PERP, XTZ-PERP, and EGLD-PERP perpetual contract markets are now open for full trading on Coinbase International Exchange and Coinbase Advanced platforms.
Users can now trade using various order types, including limit orders, market orders, stop-loss orders, and limit stop-loss orders.
U.S. CFTC to review prediction markets in public roundtable
The U.S. Commodity Futures Trading Commission will hold a public roundtable in the coming weeks to review its regulatory approach to prediction markets, which may affect platforms like Kalshi and Polymarket.
This roundtable will take place following the agency's information gathering on contracts related to sports events, aiming to collect opinions from market participants, legal experts, and industry stakeholders.
Eric Trump, Trump's second son: Now is a good time to buy BTC
Eric Trump stated on his social media platform: "I feel now is a good time to buy BTC."
Jupiter founder: Project X account accessed by an Android phone in the U.S., one employee missing
Jupiter founder Meow posted on social media: "As far as I know, Jupiter employee @9yointern is returning to Singapore from Mountain Dao due to an emergency at home.
What I know next is that our X account was accessed by an Android phone from the U.S., and we have completely lost contact with her.
If you can find her or know what happened, please let us know."
Previous reports indicated that the Jupiter X account was hacked and posted suspicious token information.
Korean police arrest 90 people for drug trafficking using cryptocurrency
Recently, Korean police arrested 90 Vietnamese suspects for allegedly using cryptocurrency to sell drugs in various bars and clubs across the country. The police stated that these suspects smuggled drugs into the country disguised as coffee and vitamin packages and distributed them in Vietnamese-operated bars and clubs in multiple cities.
The police initially estimated that the gang smuggled drugs worth 1.04 billion Korean won (approximately $721,000), of which about 710 million won (nearly $500,000) has been successfully sold. Some suspects are illegal residents, and currently, 18 suspects have been detained, with the case still under further investigation.
MicroStrategy Q4 financial report: Net loss of $670.8 million, purchased over 210,000 BTC
According to The Block, MicroStrategy (now "Strategy") reported its fourth-quarter financial performance, with its Bitcoin holdings nearly doubling. Operating expenses for the quarter reached $1.103 billion, a 693% year-over-year increase. The company reported a net loss of $670.8 million, with total revenue of $120.7 million, about $3 million lower than general expectations, down 3% from last year. As of December 31, 2024, the company's cash and cash equivalents stood at $38.1 million, down from $46.8 million in the same period last year.
Strategy currently holds 471,107 Bitcoins, valued at approximately $44 billion. The fourth quarter saw the largest increase in the company's quarterly Bitcoin holdings, ultimately acquiring 218,887 BTC for $20.5 billion. The company reported a BTC yield of 74.3% year-to-date.
Additionally, Strategy announced another new KPI, the annual "BTC yield" and "BTC dollar yield," with a target of $10 billion for the annual "BTC dollar yield" in 2025.
Strategy convertible preferred stock STRK to be listed on Nasdaq this Thursday
According to CoinDesk, Strategy (formerly MicroStrategy) announced during its fourth-quarter earnings call on February 6 that its convertible preferred stock STRK will be listed on Nasdaq this Thursday.
The earnings report showed that the company had a loss of $3.03 per share in the fourth quarter due to a $1 billion impairment loss from not adopting FASB accounting standards. The company stated it would begin adopting the new standards this quarter. In the newly set performance metrics, Strategy plans to achieve $10 billion in Bitcoin yield by 2025, having already completed $1.24 billion; it also set a Bitcoin yield target of 15%, with the current yield at 2.9%.
In terms of financing, the company has utilized $17 billion of its $21 billion ATM (at-the-market) stock issuance limit, with its stock issuance accounting for only 2.9% of the cumulative trading volume, peaking at 7% during the week of November 11-15.
U.S. CFTC fines EmpiresX founder $130 million for cryptocurrency fraud
The U.S. Commodity Futures Trading Commission (CFTC) announced that a U.S. federal court ordered the Brazilian founders of the illegal cryptocurrency investment platform EmpiresX to pay over $130 million in fines and restitution.
On February 4, U.S. District Judge Cecilia Altonaga imposed a permanent injunction, economic penalties, and other legal actions against EmpiresX founders Emerson Pires, Flavio Goncalves, and their partner Joshua Nicholas.
According to court documents, Empires Consulting operated a fraudulent investment scheme, EmpiresX, which falsely promised high returns to investors. Pires and Goncalves were accused of obtaining at least $40 million from victims through false cryptocurrency advertisements.
Arthur Hayes: Pessimistic about Bitcoin strategic reserve policy, still believes Bitcoin will pull back to $70,000 to $75,000
Arthur Hayes published a blog post today stating that the Bitcoin strategic reserve policy is terrible, "The fundamental problem with the government hoarding any asset is that they buy and sell assets primarily for political gain, not financial gain." This policy may change with shifts in the political landscape, altering Bitcoin's original trajectory.
Regarding the upcoming cryptocurrency legislation, Arthur Hayes is also pessimistic: "Those building truly decentralized technologies and applications do not have enough financial resources to play politics at this critical moment in the cycle. Therefore, the desire for cryptocurrency regulation may be realized, and if it does, it will come in a form that is overly complex and prescriptive, affordable only to large, wealthy centralized companies."
Thus, Arthur Hayes still believes Bitcoin will retest the $70,000 to $75,000 range. Only if the Federal Reserve, U.S. Treasury, Japan, or others print money in some form or enact specific legislation allowing permissionless cryptocurrency innovation can the current market conditions improve.
"What important events have occurred in the past 24 hours"
Interview with Pudgy Penguins CEO: Abstract major progress is coming, Ethereum and Solana have different missions
At the beginning of the new year, the PENGU token has been online for over a month, and the Abstract mainnet has just launched. As a crypto media closely following Pudgy Penguins, the Abstract ecosystem, and its parent company Igloo.Inc, Odaily Planet Daily conducted an in-depth interview with Pudgy Penguins CEO Luca Netz, discussing topics such as the PENGU token, the Abstract ecosystem, the competitive landscape of L1 & L2 networks, and the vision dispute between Ethereum and Solana, aiming to gain more insights into the crypto industry from Luca's perspective.
Sun Yuchen's 8 years in the crypto world, a tale of two cities in crypto
In recent years, Sun Yuchen has almost become the "last survivor" in the crypto world, whether facing regulatory crackdowns, market crashes, or the downfall of crypto tycoons, he has remained steady at the center of the industry. Recently, his name has once again become a topic of discussion, still filled with drama.
Arthur Hayes' new article: Beyond Bitcoin national reserves, the U.S. crypto hegemony has other intentions
At Mar-a-Lago, the Pax Americana Make-A-Wish Corporation hosts a large number of "wishers" daily. People in the cryptocurrency field, like others, line up, trying to seize the opportunity to fulfill one or more wishes. This capricious "sprite"—the master known as the "orange man"—holds "court" weekly in his private club, a blend of country and nightclub style in South Florida, accompanied by classic pop songs from the 1980s and surrounded by a group of sycophantic followers.
The sprite itself is neither good nor evil; what we really need to judge is whether the wishes of the wishers are reasonable. Every culture in the world has moral stories about "wrong wishes," where those attempting to achieve success, wealth, or personal happiness through shortcuts often face unexpected consequences.
Beijing Youth Daily: Can "digital assets" become a major asset class like houses, stocks, and funds?
On February 5, 2025, Beijing Youth Daily prominently reported on "digital assets" on the front page and a full page on A4. From the perspective of young people, it covered the development of the "digital assets" industry, investment stories, and the participation of social forces.
The article explored whether "digital assets" have the potential to become a major asset class like houses, stocks, funds, and gold; it also mentioned that China's "digital asset" market is gradually building a circulation environment from the perspective of industry collaboration and autonomy, with the hope of forming a standardized market; banks and large enterprises, such as Industrial and Commercial Bank of China, Ant Group, and GCL-Poly Energy, have begun to venture into the digital asset field, releasing digital collectibles or launching RWA projects.
The various measures mentioned extensively by domestic media signify that the application of digital assets is gradually expanding, penetrating into broader industries and fields; it also indicates that the "direction" of domestic regulation may accelerate changes, and in the near future, more noteworthy opportunities may emerge in China.
Berachain's airdrop query was drowned in complaints, who exactly received the tokens?
A large number of users who seriously participated in the testnet interactions and deposited on the first day did not qualify for the claim.
Meme Popularity Rankings
According to the meme token tracking and analysis platform GMGN , as of February 6, 19:50:
The top five popular Ethereum tokens in the past 24 hours are: SPX, beraSTONE, DOGEFATHER, ONDO, PEPU
The top five popular Solana tokens in the past 24 hours are: YODA, $JOGE, CROCIM, SSE, DCOIN
The top five popular Base tokens in the past 24 hours are: VIRTUAL, AIXBT, EURC, BRETT, USD+
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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