China Set to Lift Crypto Ban in 2025, this is why 👇

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🌍 Daily Crypto Market Overview

Global Stats:

• Cryptocurrencies: 11.04M+

• Exchanges: 785

• Market Cap: $3.17T (+0.61%)

• 24h Volume: $72.85B (-44.95%)

• Bitcoin Dominance: 60.6%

• Ethereum Dominance: 10.1%

• ETH Gas Price: 0.87 Gwei

• Fear & Greed Index: 35 (Fear)

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🚀 Trending on DexScan:

1. jailstool/SOL +8983%

2. BIGBALLS/SOL +8065%

3. TST/WBNB +391%

4. RETAIL/SOL +1427%

5. MMUSK/SOL +39.41%

💹 Market Highlights:

• Total DeFi Volume: $5.8B (7.96% of total market volume)

• Stablecoins Volume: $66.37B (91.1% of total market volume)

• Coin with highest % change: TST (+408.75%)

📈 Preview On Today’s News:

1. - China Set to Lift Crypto Ban In 2025

2. - Texas Pushes for Bitcoin Reserve to Strengthen Economy 

3. - Tornado Cash Developer Alexey Pertsev Released from Dutch Prison Under Electronic Monitoring 

Keep reading below for more!

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Today’s News:

1)

China Set to Lift Crypto Ban In 2025

China plans to lift its cryptocurrency ban by the end of 2025, marking a significant shift in its regulatory stance. The country, which first restricted Bitcoin transactions in 2013 and fully banned crypto trading in 2021, is now considering a reversal that could reshape the global digital asset landscape. If enacted, this policy change is expected to increase market liquidity, drive blockchain innovation, and influence international regulatory frameworks. However, strict regulations are likely to accompany the unban to maintain financial stability and prevent illicit activities.

• China’s plan to lift its crypto ban by 2025 could boost trading volumes, liquidity, and blockchain innovation while impacting global regulations.

• Despite the anticipated policy shift, the government is expected to impose stringent controls to manage risks and align crypto adoption with national economic goals.

2)

Texas Pushes for Bitcoin Reserve to Strengthen Economy 

Texas is advancing Senate Bill 778 to establish a state-held Bitcoin reserve, aiming to position itself as a leader in digital finance. The bill, introduced in December 2024 and recently referred to the Senate’s Finance Committee, has gained support from key lawmakers, including State Senator Charles Schwertner and Representative Giovanni Capriglione. If passed, the initiative would allow Texas to acquire and hold Bitcoin separately from its general revenue fund, potentially setting a precedent for other states exploring digital assets. Advocates argue that incorporating Bitcoin into Texas' financial strategy could bolster economic stability and reinforce its influence in both national and global markets. With growing federal discussions on government-held Bitcoin, Texas' move signals a broader shift toward integrating digital assets into state financial planning.

• Senate Bill 778 seeks to create a Texas Bitcoin reserve, with legislative backing from key officials aiming to integrate Bitcoin into the state's financial strategy.

• If successful, the initiative could strengthen Texas’ economy, inspire other states to follow suit, and contribute to the growing federal interest in Bitcoin as a reserve asset.

3)

Tornado Cash Developer Alexey Pertsev Released from Dutch Prison Under Electronic Monitoring 

Alexey Pertsev, a developer for Tornado Cash, is set for release from Dutch prison on February 7 after a court suspended his pretrial detention, allowing him to serve the remainder of his time under electronic monitoring. Pertsev, detained since August 2022 following U.S. Treasury sanctions against Tornado Cash, was sentenced in May 2024 to five years and four months in prison for money laundering. His legal team, supported by the crypto community, continues to argue that developers should not be held liable for creating decentralized protocols. Despite previous bail denials over flight risk concerns, the court’s latest decision grants Pertsev the ability to focus on his ongoing appeal against his conviction.

• Alexey Pertsev will be released from Dutch prison on February 7 but will remain under electronic monitoring as he continues to appeal his money laundering conviction.

• Pertsev, sentenced to over five years in May 2024, has faced legal battles arguing that developers should not be held responsible for decentralized protocol misuse.

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4)

Adin Ross & FaZe Banks Plan Crypto-Powered GTA 6 Server, Facing Rockstar’s Strict Policies

Adin Ross and Richard “FaZe Banks” Bengtson have announced their intention to develop a cryptocurrency-powered server for Grand Theft Auto 6, featuring a blockchain-based in-game economy. They plan to integrate a custom digital token and invest substantial resources into the project, aiming to make it the largest GTA 6 server. However, Rockstar Games has a firm policy against cryptocurrency and NFT integration in player-run servers, having previously shut down similar projects, including rapper Lil Durk’s The Trenches. While speculation persists about Rockstar’s stance potentially shifting with GTA 6’s release, no official confirmation has been made.

• Adin Ross and FaZe Banks plan to create a GTA 6 server with a blockchain-based economy, integrating a custom digital token.

• Rockstar Games has historically opposed crypto integration in its games, leading to past server shutdowns, making the project's success uncertain.

5)

Maryland Proposes Bitcoin Reserve Fund Using Gambling Fines

Maryland has introduced a bill to establish a state Bitcoin reserve fund, marking a significant step in state-level crypto adoption. Sponsored by Delegate Caylin Young, the Strategic Bitcoin Reserve Act aims to integrate digital assets into Maryland’s financial strategy by using gambling violation fines as funding. This aligns with a growing trend among U.S. states exploring Bitcoin as a financial asset, with Michigan, Wisconsin, Utah, and Kentucky also advancing crypto investment initiatives. At the federal level, discussions on a national Bitcoin reserve have gained momentum, further driving state interest in digital asset integration.

• Maryland's proposed Bitcoin reserve fund would be financed using gambling violation fines, following a broader trend of U.S. states investing in digital assets.

• Other states, including Michigan, Wisconsin, Utah, and Kentucky, are actively pushing crypto investment bills, signaling growing government adoption of Bitcoin.

6)

Brazil’s Crypto Boom Driven by Stablecoins Sparks Regulatory Concerns 

Brazil has seen a massive surge in cryptocurrency adoption, with stablecoins accounting for nearly 90% of all digital asset transactions, according to Central Bank Chief Gabriel Galipolo. Speaking at a Bank for International Settlements event, Galipolo attributed this rise to stablecoins' increasing use for everyday and cross-border payments but warned of regulatory challenges, including oversight, tax enforcement, and transparency in preventing money laundering. He highlighted Brazil’s digital currency initiative, Drex, as a solution for financial inclusion and streamlined banking operations, alongside Pix, the country’s instant payment system, which could enhance cross-border transactions. Meanwhile, Brazil’s central bank is considering new regulations that would ban the transfer of foreign-backed stablecoins, like USD-pegged tokens, from exchanges to self-custody wallets to align crypto with traditional finance and strengthen investor protections.

• Stablecoins now drive nearly 90% of Brazil’s crypto transactions, raising concerns over oversight, taxation, and money laundering risks.

• Brazil’s central bank proposes regulations to ban the transfer of foreign-backed stablecoins to self-custody wallets, aiming to align the crypto market with traditional finance.

7)

Markets Rattle as Trump’s Tariff Plans Spark Chaos 

Wall Street and the crypto market faced a turbulent week following Donald Trump’s unexpected tariff announcements, sending stocks into a downward spiral. The Dow fell 444 points, the S&P 500 dropped 0.95%, and the Nasdaq lost 1.36%, as inflation fears compounded the market’s woes. Treasury yields spiked to 4.5%, and investors panicked over rising wage growth and weak earnings from major tech firms like Nvidia, Meta, and Microsoft. Bitcoin also struggled, failing to maintain momentum above $100,000, while gold surged to a record $2,882 per ounce. Analysts predict further market volatility, with potential trade tensions between the U.S. and China adding uncertainty to the economic outlook.

• Trump's tariff threats triggered a stock market downturn, with major indices closing in the red and inflation concerns rising.

• Bitcoin struggled amid economic uncertainty, while gold soared to record highs as investors sought safe-haven assets.

8)

Poland Rejects Bitcoin Reserves Amidst Global Crypto Growth

Poland’s central bank has officially ruled out adding Bitcoin to its national reserves, citing concerns over volatility, regulatory uncertainty, and financial stability. While other nations like El Salvador and Argentina embrace crypto-friendly policies, Poland remains cautious due to Bitcoin’s decentralized nature and the lack of global regulatory standards. However, with growing institutional adoption and advancements in blockchain technology, Poland may eventually reconsider its stance. Meanwhile, AI-driven DeFi platforms like DexBoss are gaining traction, offering traders automated strategies, risk management tools, and lower fees as decentralized finance continues to expand.

• Poland’s central bank rejects Bitcoin as a reserve asset due to volatility, lack of regulation, and financial stability concerns, contrasting with countries adopting crypto-friendly policies.

• DeFi platforms like DexBoss are rising in popularity, providing automated trading strategies and risk management tools, highlighting the growing shift toward decentralized financial solutions.

9)

Maryland Pushes for Bitcoin Reserves in State Treasury

Maryland has introduced the Strategic Bitcoin Reserve Act, a bill proposed by Delegate Caylin Young that would allow the state to allocate funds from gambling violations into Bitcoin (BTC) as part of its reserve assets. This move aligns with a growing trend among U.S. states recognizing Bitcoin as a strategic asset, following similar initiatives in over 22 states. Utah is currently leading the charge, having passed a key House vote on its own Bitcoin reserve bill, while Michigan and Wisconsin have already allocated portions of their retirement funds into Bitcoin ETFs. The bill’s introduction comes shortly after David Sacks, the Crypto & AI Czar, emphasized the importance of a Bitcoin reserve, aligning with Trump’s executive order to explore a national digital asset reserve.

• Maryland's proposed Strategic Bitcoin Reserve Act would use gambling violation funds to invest in Bitcoin, reflecting the state's increasing focus on digital assets.

• The move follows a broader trend, with over 22 U.S. states exploring Bitcoin reserves, while Utah, Michigan, and Wisconsin have already advanced in integrating Bitcoin into their financial strategies.

10)

Missouri Proposes Bitcoin Reserve Fund as States Embrace Crypto Investments

Missouri has introduced House Bill 1217, proposing a Bitcoin Strategic Reserve Fund that would allow the state treasurer to invest in, purchase, and hold Bitcoin as part of the state's financial strategy. The bill also mandates that Bitcoin collected for taxes, fees, and fines must be held for at least five years before liquidation. This move aligns with a broader trend, as 17 states, including Utah, Arizona, and Wyoming, explore similar Bitcoin reserve strategies to hedge against inflation and integrate digital assets into government finances. With an effective date set for August 28, Missouri’s initiative could set a precedent for other states, signaling growing institutional acceptance of Bitcoin as a financial instrument.

• Missouri's House Bill 1217 proposes a Bitcoin reserve fund, requiring long-term holding and allowing the state to accept Bitcoin for taxes and fees.

• The bill follows a growing trend of state-level Bitcoin investments, with 17 states, including Utah and Arizona, exploring similar policies to hedge against inflation and integrate digital assets into government finances.

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