Welcome to our 208th issue of State of the Market, where we provide an overview of crypto market activity from February 6 – February 12, 2025.
This week in crypto markets:
- US CPI came in hotter than expected, briefly sending Bitcoin below $95K.
- Goldman Sachs’ 13F filing revealed $2.05 billion in Bitcoin and Ethereum ETF holdings.
- 21Shares filed to introduce staking to its spot Ether ETF.
- Plume Network partnered with Mercado Bitcoin to tokenize $40 million in Brazilian asset-backed securities.
- Franklin Templeton launched its tokenized money market fund (FOBXX) on Solana.
- Uniswap Labs’ Unichain, Ondo’s tokenization-focused Ondo Chain, and Lido V3 went live.
- Robinhood reported Q4 2024 earnings, with crypto revenue surging 700%
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