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The Crypto Minute
Your Weekly Guide to Surviving the Crypto Rollercoaster.
CoinBrain
February 03, 2025 • Reading Time: 9 minutes
Welcome to a new issue of Crypto Minute by CoinBrain! Last week the crypto market again did not dissapoint so that we can enjoy our regular dose of absurdity and drama 🎭️
We dive into why the market took a dump, assess some new 1000X coins and catch up on the latest news.
Grab your favorite drink, get cozy, and let's decode this crypto chaos together! ☕️
⤵️ Today’s Agenda:
Markets are bleeding after a liquidation cascade followed Trump’s tariffs announcements 🩸
Tether is bringing $USDT to Bitcoin mainnet and Lightning Network ⚡️
$VVV token by privacy-focused AI company Venice is tanking heavily since launch but whales keep a close eye.
Atem Network is set to unlock almost 20% 🔓️ of its total supply of $ATEM token this week.
And more…
📊 Market Snapshot
| $94,100BTC-6.1% | $2,500ETH-18.2% | $3.07TCrypto Market Cap-9.17% | 39 (Fear)Fear & Greed Index-16 from last week |
📅 Crypto Events You don’t want to Miss
Tuesday, Feb 4th (3:00 PM UTC) - US JOLTS Job Openings
This metric shows the number of job openings in the US economy, providing insight into labor market strength.
⬆️ A higher-than-expected number indicates a tight labor market, which could keep inflation elevated—bad news for rate-cut hopefuls.
⬇️ If job openings drop, the Fed might lean dovish, which could boost risk assets like crypto.
Friday, Feb 7th (1:30 PM UTC) - Three major employment reports drop simultaneously:
US Average Hourly Earnings m/m – Wage growth affects inflation. Higher wages mean stronger consumer spending but also potential Fed tightening 📉
US Non-Farm Employment Change – Measures new jobs added outside farming. A strong number = economic resilience, but too strong might delay rate cuts.
US Unemployment Rate – A key indicator of economic health. If unemployment ticks up 👆️, expect speculation about an earlier Fed pivot, which could benefit Bitcoin.
These job reports will likely dictate the next moves in traditional markets, meaning crypto traders should watch for any surprises! 🚀
🐋Smart Money Tracker
Tuesday, Jan 28th: This skilled trader made over $3.16M on $VVV over just a few hours!
They spent 48.6 $ETH ($155K) to buy 414,845 $VVV and sold for $3.32M, making a profit of $3.16M.
Thursday, Jan 30th: Ross Ulbricht, the founder of Silk Road, lost 400M $ROSS ($1.77M) due to a mistake in adding liquidity to the Raydium pool.
An MEV bot spent 2.3 $SOL($556) to buy 398.6M $ROSS at a low price, and quickly sold it for 2,669 $SOL($643.5K), making $643K!
Sunday, Feb 2nd: Whales are shorting $ETH!
As the $ETH price dropped, this whale who shorted $ETH with 50x leverage currently has an unrealized profit of more than $16.8M and another one of over $30M
Monday, Feb 3rd: After the big $ETH drop, whales are accumulating back again. A whale, “7 Siblings“, spent $111.72M to buy 45,047 $ETH at an average price of $2,480!
And the buying doesn’t stop! Shortly after, they bought another $14.5M worth of $ETH.
Source: Lookonchain
📰 News Recap (Jan 28 to Feb 3)
Papa Musk Wants His Own Memecoin Money! Guess what? Elon's dad is jumping on the crypto train! Errol Musk is eyeing a sweet $200M from a memecoin called "Musk It" 🎯
The token shot up 200% in just 24 hours after his endorsement! While Papa Musk claims he's "been Musking it for years," he actually just joined an existing project.
Source: CoinGecko
The best part? Alegedly he wants to use the money to build flying vehicles! 🚀 Talk about keeping up with his son's ambitions, right?
Tether's bringing USDT to the Bitcoin Lightning Network! This means paying with stablecoins directly on Bitcoin - a future that many BTC maxis dreamt of!
Source: tether.io
⚡ As a cherry on top this could help AI systems make instant payments to each other.
With a massive $140B market cap, USDT is about to make Bitcoin way more useful for everyday payments!
Venice Goes Privacy-First with $VVV Token Launch! Venice, the brainchild of crypto veteran Erik Voorhees, just dropped their $VVV token on Base network.
So far Venice has onboarded 450,000 new users and is handling 15,000 AI requests per hour.
After initial success however, the $VVV token has been slowly tanking as users redeem their airdrop shares 📉
🌍️ Story of the Week
Trump's Trade War Sparks $188B Market Meltdown! The digital asset market just took a nosedive that would make even the bravest traders dizzy.
Bitcoin tumbled from its cozy $105K perch down to a surprising $92K, while Ethereum had an even rougher ride, plunging 24% to $2,494. Ouch! 😱
JUST IN: Over $188 billion was wiped out from the crypto market in the past 24 hours.
— Watcher.Guru (@WatcherGuru)
12:03 AM • Feb 3, 2025
President Trump's spicy new tariff cocktail, served cold to Canada, Mexico, and China, has got the whole market doing the nervous shuffle.
🌎 Add a dash of Fed rate anxiety and a sprinkle of inflation fears, and you've got yourself a perfect recipe for what we're seeing now.
The real kicker? Over $2 billion in leveraged positions got wiped out faster than you can say "HODL"! 💸
Source: @boldleonidas
But before you start panic-selling your precious coins, remember this: crypto's been through more dumps than a garbage truck, and it's always bounced back.
While the short term might be as unpredictable as a meme coin's price chart, history suggests this might just be another bump on our journey to the moon! 🚀
🔒 Major Token Unlocks of the Week
The following week will be absolutely loaded with new unlocks - this means that the circulating supply of these projects will increase by a certain percentage. For example, $ATEM will increase by 19.5%, which is a very rare opportunity!
Such big releases usually come with a significant price drop, so stay vigilant 🎯
More details here.
🗞️ From our Blog
💡 1 Minute Learning: Atomic Swaps
Ever wished you could trade crypto peer-to-peer directly with someone, without worrying you get scammed?
That's exactly what atomic swaps let you do! (Even without a third party)
Think of it like a high-tech vending machine where either people get exactly what they wanted, or nobody gets anything. It's basically impossible to scam anyone! 🎯
Source: WallStreetMojo
Atomic swaps use something called a "Hashed Time-Lock Contract" that acts like a smart lockbox.
Once both traders agree, the swap is carried out directly between the two parties via cryptographic proofs 🔐
And that’s a wrap! 🎉 Enjoyed this newsletter? Forward it to a friend, and let them know they can subscribe here.
Got any ideas or feedback? We’d love to hear from you! Drop us an email at [email protected].
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and not investment advice or a solicitation to buy or sell any assets or make financial decisions. Always do your own research and stay safe out there.