Bitcoin, State Reserves & Meme Coin Mayhem – Key Crypto Trends in February
FTX Repayments, Meme Coin Fallout & State Bitcoin Reserves – A Turning Point?
February has been an interesting start to 2025 with the expected hype of Bitcoin and crypto legislation from the Trump administration not delivering as promised, at least to impatient investors and traders. Amid regulatory movements, Bitcoin’s price action has remained resilient, but the overall crypto markets specifically with altcoin market sentiment continues to be at its lowest since the FTX crash of 2022.
Market Highlights
Bitcoin Legislation and State Reserves: Dozens of states have filed for strategic Bitcoin reserves and Bitcoin-based bills. The potential acceptance of these reserve bills could bring bullish momentum to Bitcoin.
Meme Coin Boom and Bust: The market saw the rapid rise and fall of political-based meme coins, including Trump’s meme coin reaching a $70 billion market cap, only to be followed by the collapse of Melania's meme coin, triggering a mass liquidity exit. The meme coin sector has dropped over 50% in market cap over the last month.
Failed National Crypto Projects: The “CAR” memecoin from the Central African Republic and the “LIBRA” coin promoted by Argentine President Javier Milei lasted less than a day and were plagued with insider trading and retail investor losses.
Institutional Accumulation Amidst Market Fear: Despite the declining sentiment, Bitcoin still holds above $94,000. Trump's WorldLibertyFi has accumulated over $500 million in Ethereum, while Ethereum’s sentiment itself is benefiting from the meme coin fallout on Solana.
FTX Repayments Bring Relief: Part 1 of FTX repayments is underway, with over $800 million in stablecoins repaid to FTX claimants with accounts under $50,000. This influx of liquidity could support Bitcoin’s price, as these funds are already in stablecoins, avoiding direct Bitcoin sell pressure.
AI & DeFi Innovations: Layer 1 blockchain networks, DeFi, and AI ecosystems continue to expand. The Peaq ecosystem has launched a $100 million fund, and Supra blockchain is gaining traction in AI agents and DeFi integrations, contributing to the MoveVM ecosystem.
Despite the recent downturn in sentiment, the market holds promise with institutional accumulation, state-backed Bitcoin initiatives, and AI-driven blockchain growth. Stay tuned for further updates and interviews covering these evolving narratives. I explore these AI topics and more in this weeks features and interviews.
Bitcoin predictions for end of 2025? with Tony Edward
We kick off this episode with a great discussion featuring Tony from Thinking Crypto, who is highly tuned in to U.S. crypto regulations, Bitcoin legislation, and updates on XRP within and beyond traditional markets. Tony shares his insights on how the Trump administration could positively impact crypto, whether we’ll see more ETFs for altcoins, and even a price prediction for Bitcoin’s peak in 2025/2026. Definitely worth a listen!
Tony also has written a book (Re)Thinking Crypto. Check it out on Amazon here.
AI Agents now have trading functionality: exploring Mantis.app:
AI Agents and blockchain integration have been a hot topic for six months, but much of it remains hype. Most blockchain apps still lack real AI functionality. While LLMs generate responses well, they still can’t handle real-world tasks like booking hotels or trading portfolios. However, we’re one step closer with the launch of Mantis, a DeFAI protocol that enables a “type and trade” interface, allowing users to manage portfolios through an LLM-style chat with AI executing trades.
I spoke with Mantis Co-Founder Omar Zaki about how AI Agents are bringing real functionality to blockchain and trading. This is a significant step forward for decentralized AI, and I’m excited to see where it goes. Watch our interview to learn more about the future of AI in blockchain.
Exciting progress is happening in decentralized AI. Stay tuned for more insights and catch our interview below.
Gasless DEX trading Update: Gasp.xyz
I'm continuing my deep dive into Gasp DEX, a cross-chain exchange that eliminates gas fees on Ethereum and other EVM chains. With Ethereum gas fees often hitting $50-$100 per transaction in a bull market, Gasp provides a seamless, zero-gas trading experience across Ethereum, Arbitrum, and BASE—a major breakthrough for DeFi users.
Key Updates on Gasp
First Airdrop Completed & Ongoing Alpha Access – Early users have received their first airdrop, but there's still time to test Gasp and earn rewards before the mainnet launch.
Almost Gas-Free Onboarding & Cross-Chain Swaps – Users can now onboard through Arbitrum to avoid ETH fees, and gasless trading remains live across ETH, Arbitrum, and BASE.
Stake GASP for Rewards – Users can stake GASP tokens to earn additional rewards ahead of the token launch.
Gasp is solving major trading pain points by enabling frictionless, gas-free trading. With institutional backing, growing incentives, and new integrations on the horizon prior to their mainnet launch, I will continue to follow them to take advantage of their incentives prior to launch.
Check out the Gasp Alpha DEX to learn more about decentralized trading cross-chain and why you should not be paying gas fees on DEX trading.
Contributing to Decentralized AI Networks: Deep Dive with Cirus Network
It’s crucial to follow AI now, especially as it merges with blockchain and DePIN networks.
One of my favorite earning projects, Cirus, known for its Chrome extension wallet that rewards users for browsing, is now focused on democratizing data for AI.
I spoke with CEO Michael Luckhoo about how the new upcoming Cirus AI Wallet lets users earn by contributing to decentralized networks that turn raw data into AI-driven insights. We also discuss the AI LLM process and its impact.
I highly recommend tuning in—Michael shares deep insights on scaling decentralized AI to match the industry’s rapid growth.
Here’s a link to the Cirus chrome extension to check it out as well.
Travelling for free with loyalty points and rewards, Web3 Style: with Voy Travel
Digital Nomads love travelling, and most do the best they can to maximize travel rewards with credit card and airline loyalty platforms. I’ve come across a new travel hacking platform for Web3 that enables people to match their unused travel points into the Web3 system and use those to book flights and hotels. They’re also giving an extra $100 of credit free when you start the matching process. See my interview with Voy Travel CEO Simon Talling-Smith for more.
See our interviews as soon as they are published by subscribing to our YouTube channel, Crypto Coin Show as well.
Market Analysis:
Bitcoin Price Outlook:
Bitcoin remains above $95,000, with support levels at $90,000. If it drops further, the next major support levels are between $75,000 and $80,000. However, any positive regulatory developments—particularly from Trump’s crypto czar or the Fort Knox gold audit—could push Bitcoin above $100,000.
Surprisingly, Bitcoin still remains a buy signal on the 1-day chart. Smart money is balanced, meaning they are neither fully in nor fully out. Sentiment could be better, but it’s not as abysmal as it could be.
I’m optimistic that with a few positive news events in the coming months, Bitcoin could rocket past $108,000 to new all-time highs. There could be fear that Bitcoin drops to $89,000 to shake out the last set of weaker hands before moving back up into its higher range.
Ethereum and Altcoins:
Ethereum (and altcoins in general), on the other hand, is showing sell signals on the 1-day chart and will likely need to wait for momentum from Bitcoin before they can rise. They are building a support floor after the major crash on February 3rd, but Ethereum is getting closer to breaking the downward resistance trendline that has been in place since the December 2024 highs.
One of my mentors, IncomeSharks, continues to buy Ethereum and says that each day it hasn’t broken above this line is a blessing. Long-term investors still expect new all-time highs and beyond for Ethereum, and typically, when sentiment is low and negative, it's a good time to accumulate—rather than when the market is euphoric.
Other Crypto News:
Michael Saylor's 'Strategy' to raise $2 billion to purchase more Bitcoin.
Users begin receiving FTX refund payments on Kraken exchange.
Bitwise files for spot Dogecoin #DOGE ETF.
Coinbase receives regulatory approval to launch crypto services in United Kingdom.
Elon Musk officially releases 'Grok 3' calling it the "smartest AI on Earth."
Texas Senate holds public hearing on February 18 to discuss the creation of a Strategic Bitcoin Reserve.
Argentine lawyers file fraud charges in criminal court against President Javier Milei for promoting a crypto rug pull
The creators of the controversial LIBRA memecoin said they’re also behind MELANIA. He admitted that his team "sniped" tokens.
Senator Cynthia Lummis calls to update US reserves with Bitcoin.
President Trump's administration expected to fire 15,000 IRS employees next week.
Robinhood app plans to introduce crypto products in Singapore this year.
California State Teachers Retirement System pension fund reports holding $83 million in #MSTR.
Thanks for reading!
-Ashton Addison, CEO of Crypto Coin Show
One month, meme coins are flying, and the next, they’re crashing hard.