Daily News: February 6, 2025 - Crypto Market Shakes with $20B Liquidations: Solana Stumbles, Bitwise ETF Soars!

Solana Network Instability

Recent network issues on Solana (SOL) have raised concerns about its stability and centralization, prompting investors to explore alternatives like Lightchain AI for more secure and growth-oriented investments.

World Liberty Financial's Crypto Losses

Due to new tariffs under Trump's policy, World Liberty Financial has incurred significant losses in its cryptocurrency investments, particularly in ETH and WBTC, according to data tracked by Spot On Chain.

Massive Liquidations in Crypto Market

Over the past 24 hours, there have been liquidations worth $20.28 billion in the crypto market, with long positions taking the majority of the hit, as reported by Coinglass.

Bybit and Block Scholes Partnership

Bybit, one of the largest crypto exchanges, has partnered with Block Scholes to release a detailed analysis on Bitcoin (BTC) and Ethereum (ETH) derivatives, providing insights into market trends.

EOS Price Movements

EOS has been trading around $0.9100, as per the latest data from Investing.com.

Cryptocurrency Regulatory News

The SEC in the U.S. has reduced its crypto enforcement team while setting up a new task force to handle the growing regulatory demands in the cryptocurrency space.

SEC Approval for Bitwise ETF

The SEC has approved Bitwise's Bitcoin and Ethereum combination ETF, offering investors a new way to gain exposure to these major cryptocurrencies.

Tether's USDT Integration with Bitcoin

Tether has announced plans to integrate USDT into the Bitcoin ecosystem, potentially enhancing transaction speed and reducing costs.

Cryptocurrency Crime in China

Reports from 2024 show that China has convicted 401 cases related to virtual currency crimes, with a focus on illegal foreign exchange.

Polymarket's Bitcoin Reserve Prediction

The probability of the U.S. establishing a Bitcoin reserve by 2025 has risen to 47% on Polymarket, indicating growing institutional interest in cryptocurrencies.