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The Funding: Why 'VC coins' like BERA are facing backlash
The Funding: Why 'VC coins' like BERA are facing backlash

This is an excerpt from the 21st edition of The Funding sent to our subscribers on Feb. 9.The Funding is a fortnightly newsletter written by Yogita Khatri, The Block’s longest-serving editorial member.To subscribe to the free newsletter, click here.

The Block·2025/02/09 23:12
Crypto VC Suggests Market Nearing Local Bottom as Bearish Sentiment Peaks
Crypto VC Suggests Market Nearing Local Bottom as Bearish Sentiment Peaks

Hartmann pointed to extended negative funding rates and widespread bearish sentiment as signs that the market could soon rebound.

CryptoNews·2025/02/09 16:00
Flash
  • 14:14
    Analysis: Each Additional 10,000 BTC Held by ETFs Could Push Average Price Up by 1.8%, Potentially Reaching $150,000 in October
    According to ChainCatcher, citing a report from Decrypt, research firm Cooper Research has released a report indicating that as large amounts of investor capital flow into Bitcoin exchange-traded funds, a rise in Bitcoin’s price now appears inevitable. Data shows that for every additional 10,000 BTC held by ETFs, the price of Bitcoin can increase by an average of 1.8%. Analysts point out that based on a range of data indicators, Bitcoin seems poised for another significant rally. The leverage-driven market frenzy is gradually fading, and Bitcoin’s price movement may take a more moderate path, with projections suggesting it could reach $140,000 in September and possibly rise to $150,000 as early as the beginning of October.
  • 14:13
    Bitdeer: Total Bitcoin Holdings Surpass 1,600
    According to Jinse Finance, Nasdaq-listed Bitcoin mining company Bitdeer has released its latest Bitcoin holdings data on the X platform. As of July 18, its total Bitcoin holdings have increased to 1,601.4 BTC (note: this figure represents proprietary holdings and does not include Bitcoin deposited by clients). In addition, the company mined 65.0 BTC this week but sold 27.4 BTC.
  • 13:51
    Data: 60 Million USDC Burned by USDC Treasury on Ethereum
    ChainCatcher reports that, according to Whale Alert monitoring, the USDC Treasury burned 60 million USDC on the Ethereum blockchain approximately 12 minutes ago.
News