OSL trading moment: 27 states in the United States pay attention to BTC, Bitcoin and Ethereum are still on the rise

1. Market Observation

Keywords: SOL, ETH, BTC

The cryptocurrency market has shown a complex attitude recently. Despite the volatile Bitcoin price volatility, Michael Saylor, co-founder of Strategy (formerly MicroStrategy), remains optimistic and plans to make a new round of Bitcoin purchases on Monday. While analyst Dave the Wave warned that there could be a sharp downward correction and a decline in network activity, experts such as Chris Burniske believe that Bitcoin still has room for growth. It is worth noting that 27 US states have shown strong interest in Bitcoin, among which Kentucky and Maryland lawmakers have proposed the "Bitcoin Reserve" bill respectively, and Florida senators have also proposed the Bitcoin investment bill. In terms of institutional investment, Austin University and other institutions have launched Bitcoin investment funds, indicating that institutional investors remain confident.

The Ethereum market also faces challenges and opportunities. Despite its profit supply hit a four-month low, spot ETFs recorded a net inflow of US$420 million last week, and no net outflow of all ETF products. However, according to the Matrixport report, the ETH market share has dropped to 10%, and prices may continue to be under pressure. Regulatory aspects, the US SEC has postponed BlackRock Ethereum ETF option trading decision to April 9. It is worth mentioning that the Ethereum Foundation transferred 50,000 ETH to the DeFi wallet, and the Hong Kong Investment and Promotion Agency has approved an investment immigration application proof of ETH as an asset.

Industry compliance issues remain challenges. Former deputy director of the Beijing Municipal Financial Bureau was sentenced to 11 years in prison for using Bitcoin to launder money. On the other hand, rapper Kanye West said he had rejected a $2 million proposal to launch the RUG disk Meme coins. In the current financial market environment, the performance of traditional safe-haven assets gold is still better than Bitcoin, especially under the influence of factors such as the new tariff plan. Still, Bitcoin and Ethereum remain dominant compared to competitors like Solana and XRP. The continued inflow of institutional funds, the actively promoted Bitcoin-related legislation by states, and the recognition of ETH in Hong Kong and other regions all indicate that the future of Bitcoin and Ethereum is still bullish.

2. Key data (as of 18:30 HKT on February 10)

• S&P 500: 6,025.99 points (+2.45% within the year)

• Nasdaq: 19523.40 points (+1.1% within the year)

• 10-year US Treasury yield: 4.495% (-8.6 basis points within the year)

• US dollar index: 108.212 (-0.24% within the year)

• Bitcoin: $97,924.76 (+4.62% during the year), daily spot trading volume is $37.6335 billion

• Ethereum: USD 2,647.26 (-20.45% during the year), daily spot trading volume is USD 20.7554 billion

3.ETF flow direction (EST, February 7)

• Bitcoin ETF: +$171 million

• Ethereum ETF: USD 0

4. Important date (Hong Kong time)

Federal Reserve Chairman Powell attends Senate hearing (23:00 on February 11)

The core CPI in the United States in January was 21:30 on February 12th)

• Actual: To be announced/Previous value: 3.1% / Expected: 3.2%

The United States' January CPI year-on-year (21:30 on February 12)

• Actual: To be announced/Previous value: 2.9% / Expected: 2.9%

Federal Reserve Chairman Powell delivered semi-annual monetary policy testimony in the House of Representatives (23:00 on February 12)

2027 FOMC Voting Committee and Atlanta Fed Chairman Bostic delivered a speech on the economic outlook (01:00 on February 13)

The number of people who requested initial unemployment benefits in the United States as of the week ending February 8 (10,000) (21:30 on February 13)

• Actual: To be announced/Previous value: 219,000 people/Expected: 216,000 people

The annual rate of core PPI in the United States in January (21:30 on February 13)

• Actual: To be announced/Previous value: 3.5% / Expected: 3.3%

5. Hot News

Weekly trailer | Layer3 gaming network B3 launches B3 tokens and airdrops; Cheelee (CHEEL) unlocks tokens worth approximately US$169 million

Macro Outlook this week: Trump will hardly leave a wink opportunity for the market

Data: Tokens such as CHEEL, CONX, SAND will be unlocked in large amounts next week, of which CHEEL unlocking is worth approximately US$169 million

Circle casts $250 million USDC on Solana this morning

Ethereum spot ETF net inflows of US$420 million last week, and none of the nine ETFs were net outflows

Matrixport: ETH market share has dropped to 10%, and ETH price may continue to be under pressure

The President of the Central African Republic is suspected to announce the launch of Meme CAR, with the token market value reaching US$280 million

A certain X user encountered a game mod recruitment scam, OKX Wallet warning allows it to avoid losses of 200,000 yuan

Electric Capital Partner: The future will be an era of small and efficient teams, and AI-first companies will dominate the market

DeepSeek is recognized by top-level domain ai.com

Ethernity Chain is renamed to Epic Chain and initiates 1:1 token replacement

Binance will launch Cheems (1000CHEEMS) and Test (TST) and add seed tags to them

Market News: Pump.fun is planning to issue tokens in Dutch auction mode

Brazil Stock Exchange B3 will launch BTC options and ETH and SOL futures contracts

Berachain Foundation: Part 2 of the airdrop will be released to the wallet on February 10

Arweave computing platform AO main network has been launched

AllianceDAO Founder: Many AI+Crypto projects are a bit far-fetched, and tokenization strategies may become an important tool for startups

Hong Kong Investment and Promotion Department approves an investment immigration application with ETH as an asset

Santiment: Dogecoin transactions with a single transaction of over $100,000 fell by two-thirds from early November last year

Solayer has opened LAYER token short investment inquiry

Rapper Kanye West: Someone proposed to give me $2 million to launch RUG disk Meme coins, which has rejected

Caixin: Hao Gang, former deputy director of Beijing Local Financial Regulatory Bureau, is suspected of Bitcoin money laundering

Members of Kentucky and Maryland respectively proposed Bitcoin Reserves

US Florida Senator proposes Bitcoin Investment Act

US SEC postpones BlackRock Ethereum ETF option trading decision to April 9

Powered by OSL - Hong Kong's largest over-the-counter trading platform, continuing to provide regulated digital asset services to the market since 2018.