🌶️ Spicy Block is back! And many other good news

After a significant crypto drop on Sunday evening and early Monday morning, it seems the panic of Trump putting tariffs on Mexico and Canada has ended. After friendly (he said that) POTUS calls with the presidents of named countries. Both tariff plans were delayed for 30 more days. And of course, markets went up immediately. Will it remain going up? Who knows, depends on what D. Trump has to say in the near future.

Besides that, Trump signed an executive order to establish the US Sovereign Wealth Fund. As always, the whole crypto community speculates this must include crypto assets. However, in-depth details remain unknown yet.

Lastly, today, a press conference of the so-called “crypto czar” David Sachs is scheduled to happen at 2:30 PM ET. Everyone expects something truly bullish.

📰 Crypto & Finance News

• Senator Bill Hagerty introduced a stablecoin bill called the GENIUS Act. Aiming to provide clear regulations for stablecoins.

• China hits back with tariffs from 10% to 15% on the US. It goes into effect on February 10th.

• Coinbase presses US regulators to confirm that banks are open to providing services to crypto businesses.

• Gold hits a new all-time high. It reached $2,857.10 and currently costs almost the same as Ethereum.

• More countries ban DeepSeek AI due to security and privacy concerns, including Taiwan and Australia.

• Palantir stocks rise 23% after announcing its earnings and AI guidance.

🪂 Airdrops & Opportunities

• Pudgy Penguins to close $pengu airdrop claims today and burn unclaimed tokens.

• Since Spicy Block was gone for a while, we missed giving you many great airdrop opportunities. However, Myriad Predictions Market season 1 started a week ago, and it is worth signing up for. Doing it myself!

• First Abstract Chain XP distribution to happen today. Not too late to join it.

🤡 Degen Section

• A user roundtrip of $42 million on $zerebro finally sold it with a loss of $1 million, not taking a $40 million profit (Note: not enough liquidity could have made this amount much less).

• Revolut App adds support of $popcat, $chillguy, $spx, and others.

🔒 Security

• A recent ZachXBT investigation shows that at least $65 million was stolen from Coinbase users from December 2024 to January 2025.

🦁 Alpha & Insights

• Berachain mainnet is to go live on February 6th. Ooga Booga.

• FTX repayments are to start on February 18th. $1.2 billion is set to be repaid to creditors.

• Trump to speak with China’s President XI today. Tariffs are going to be discussed. Prepare for possible volatility.

• Mint Bearish AF to enable exclusive mint $pengu

• D. Trump’s son, Eric Trump, tweeted this:

Important to mention that he edited the tweet by removing the phrase “thank me later”. Do you think it’s bullish? 

📈 Other Metrics & Numbers

• The Bybit CEO Ben Zhou revealed that not all liquidations are reported correctly, and the number of liquidated amounts during the weekend-Monday crash realistically is from $8 to $10 billion. And added that Bybit is going to report liquidations transparently.

• Microstrategy has announced that they didn’t acquire any Bitcoin last week. Currently, the company holds 471,107 Bitcoins.

• Fidelity bought around $50 million worth of Ethereum.

😶‍🌫️ To Cheer You Up

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Disclaimer: The content of this newsletter is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and can involve significant risk. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. The opinions and information provided here are not a guarantee of future performance and should be considered carefully in the context of your personal financial situation.