Here’s a look at what happened in the crypto market this week. While last week focused on big investors and global events, this week was dominated by a major security breach in the DeFi space, Bitcoin showing positive momentum on its monthly chart, progress towards clear rules for stablecoins, and a significant development for digital securities in France.
So, Bitcoin and Ethereum took a little nap this week, down 2% each. Big deal. But let’s talk about the real drama – the altcoins that decided to jump off a cliff. Not because the market pushed them, but because they were just asking for it.
The particulars of this unfortunate episode are as follows: On the sixth of February, our hapless heroine received a communication from a stranger, who, with the most audacious effrontery, declared her banking affairs to be in a state of dire compromise. The caller, with a persuasiveness that one might almost admire were it not so wicked, instructed her to withdraw her funds with all haste.
In his latest missive, Kiyosaki weaves a tapestry of doom, threading together historical events that, like ghosts from the past, return to haunt the present. He speaks of 1974, a year so pivotal, it reshaped the very foundations of the financial world. The petrodollar, that monstrous offspring of oil and currency, and the 401(k), a retirement scheme that shifted the burden of risk from the mighty to the meek-these are the twin pillars of his apocalypse.
According to Timmer, Bitcoin’s cumulative flows, which had ballooned from practically nothing in January 2024 to about $61.5 billion by mid-2025, have slid down to $54.5 billion. Meanwhile, Gold and Silver, which had been sulking with negative or negligible flows through most of 2024, have pranced up to $27.4 billion. The chart even writes it out plain: BTC to gold-no fancy footwork required.
This decentralized exchange, alas, fell victim to a cabal that employed the most insidious of tactics: feigned camaraderie. External whispers suggest a loss of some $280 million, a sum that would make even the most profligate aristocrat blanch.
Here’s the scoop:
Key Takeaways (Because Who Has Time to Read the Fine Print?):
The report, which surveyed crypto-enthusiastic citizens across 15 countries, points out that Nigerians have embraced stablecoins like USDT and USDC not just for their daily transactions but as a safeguard against the wild ride of the naira’s value. Inflation? No problem! Just grab some stablecoins!
In this grand tapestry of tokens, Grayscale has also singled out Ethereum (ETH), Solana (SOL), Chainlink (LINK), and Avalanche (AVAX) as fallen angels trading at depths unbefitting their celestial origins.