Happy Monday!

Today, we’re reviewing some headlines you might have missed over Super Bowl weekend. Total time to read is about 3 minutes.

NiceHash has moved to Switzerland, offering institutional miners a secure, compliant, and transparent platform to manage and maximize their mining output– delivering the reliability and performance expected from the best mining pools. 

It’s all-time-high season (For Gold)

President Trump hinted at further tariffs Sunday, this time on steel and aluminum products. The 25% hikes are set to be announced today.

“We’ll also be announcing steel tariffs on Monday. Any steel coming into the United States is going to have a 25% tariff,” Trump said. “Aluminum, too.”

Bitcoin sank as low as $94K on the news, but rebounded to $97K as of Monday morning. That’s pretty good considering how hard Bitcoin fell last week as Trump announced tariffs on Mexico and Canada (which were later postponed 30 days). Maybe the market is getting a hang on Trump’s blustering already?

Gold prices keep ripping higher, however, now within striking distance of $3,000 per ounce at $2,900 as of Monday morning. That’s the highest since 2014, when adjusting for inflation, and a record all time high in nominal dollar terms. The shiny yellow metal is up 17% year-to-date.

Whose behind the purchases? Mostly central banks, per Gold World Council’s Q4 2024 report:

“Central banks continued to hoover up gold at an eye-watering pace: buying exceeded 1,000t for the third year in a row, accelerating sharply in Q4 to 333 Tons.” 

Tornado Cash developer Alexey Pertsev released on house arrest

Privacy developer Alexey Pertsev was released on house arrest following his arrest by Dutch authorities on money laundering charges. Pertsev was a developer behind the Tornado Cash protocol, which allowed users to mix ETH and other tokens on-chain. He was arrested in August 2022.

Crypto snags $1.3 billion of inflows last week

Per CoinShares, crypto investment products gained $1.3 billion last week. It’s the fifth consecutive week and double the week prior, despite tariff-saber rattling from the new Trump administration.

Kraken lists ‘Jailstool’ token

Kraken listed memecoin $JAILSTOOL Sunday, following Barstool CEO Dave Portnoy’s embrace of memecoins. The token rose to a $250 million marketcap during Super Bowl Sunday, which itself was expected to generate $1.39 billion in bets, per NPR.

TeraWulf adds LuxOS software to mining fleet

Luxor and TeraWulf recently announced a partnership to deploy LuxOS Firmware across TeraWulf’s mining fleet. Join Luxor for an X Space with TeraWulf on Tuesday, February 11th, 12 PM EST to learn how LuxOS is increasing TeraWulf mining rewards.

Upcoming Earnings Calls

CLSK: February 6, 2025 (Watch)

MARA: February 11, 2025, Special Meeting of Shareholders

IREN: February 12, 2025: Q2 FY2025 Results

COIN: Q4 and FY 2024 Earnings Call

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