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The global cryptocurrency market cap today is $2.76 Trillion, a -0.81% change in the last 24 hours. Total cryptocurrency trading volume in the last day is at $81.99 Billion. Forbes is now tracking 17,031 cryptocurrencies. Bitcoin dominance is at +60.89% and Ethereum dominance is at +6.98%. Trending tokens today are Solv Protocol SolvBTC (+1.34%) and Tether (+0.96%).

After months of keeping over 50,000 Bitcoin (BTC) locked, Babylon Labs saw a sudden large outflow. Whales unlocked 14,929 BTC from the protocol just as Babylon launched its Genesis L1 chain. Babylon Labs lost 14,929 BTC previously locked for staking and point farming. The protocol held over 57K BTC just as it launched its Babylon Genesis L1 chain and airdropped the native BABY token. The tokens were unstaked and withdrawn to four anonymous addresses , of which the biggest one held $1.1B in BTC. Since the withdrawals, the BTC was not moved, remaining in new anonymous addresses. Potentially, the withdrawals could be sent back to the original depositors, either whales or retail. As a result, Babylon’s smart contract is now secured by just 31,701 BTC. The withdrawals lowered the TVL of the protocol down to $2.76B. Previously, Babylon Labs held nearly 50% of all locked and staked BTC for DeFi projects. Babylon Labs did not see withdrawals since its latest lockup events in January. The protocol has not announced any specific events or incentives, in order to boost its locked BTC. Until recently, Babylon Labs surpassed even Mara Holdings and some of the top corporate treasuries with its locked BTC. The protocol also offset the outflows of BTC from the WBTC smart contract, which also suffered from withdrawals. However, Babylon Labs also showed it could become the source of selling pressure. The value locked aims to secure a single chain, with more coming in the future. Babylon Labs still has incentives in place to encourage locking more BTC, by rewarding stakers with the native BABY token. The price of BABY has fallen to $0.08 since the token generation event, and the incentives are not aligning with BTC holders. BABY also fell after the end of a special trading period on the LBank exchange, and looks like facing more selling pressure from early airdrop recipients. Babylon Labs has designed BABY for additional staking and rewards, but at one point, delegates and validators will sell the token to lock in value. Additionally, BTC is facing price pressures while trading at $84,717.00. The potential selling of $1.26B in BTC can extend the downward trend. The non-custodial staking on Babylon is mostly linked to delegates , who also take and redistribute the rewards from holding BTC. After the withdrawal, Lombard and Solv Protocol remain the biggest depositors on behalf of users. Babylon Labs hosted deposits from 135,323 individual users who chose one of the top depositors. The withdrawals are not linked to any specific delegator, though Acorn Protocol recently lowered its share of deposited BTC. Babylon Labs has daily fluctuations of up to $8M with inflows and outflows, but the recent unstaking is the biggest outflow of value since the protocol launched. Currently, Lombard Finance is trying to boost staking while adding DeFi startups secured by BTC. However, the potential rewards from BABY tokens and the risk of holding BTC during turbulent times have made some depositors reconsider their position. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot

Bitget announcement: SOLV profit distribution from BGBTC project | Bitget Support Center https://www.bgportable.com/support/articles/12560603823494

Solv Protocol Targets Bitcoin for Institutions With $10M Raise With the dominant cryptocurrency now playing the role of “digital gold,” Solv wants to help institutional investors squeeze out as much yield as possible from the asset. Solv Protocol Secures $10M to Bring Bitcoin Solutions to Institutional Investors The U.S. Securities and Exchange Commission (SEC) opened the floodgates to institutional bitcoin ( BTC) adoption in 2024 when it approved the first spot bitcoin exchange-traded funds (ETFs), and on Thursday, Solv Protocol, a bitcoin staking platform, finalized a $10 million “Bitcoin Reserve Offering” to take advantage of the rapidly growing institutional appetite for BTC. Bitcoin’s inventor, Satoshi Nakamoto, envisioned the cryptocurrency as digital cash, but its disinflationary issuance schedule coupled with its astronomical price appreciation have morphed the asset into digital gold, a .

Regulatory Shifts in the U.S.: The U.S. Senate recently voted 70-28 to repeal the IRS DeFi broker rule, which would have required decentralized finance (DeFi) platforms to report detailed transaction data. Critics argued it stifled innovation, while opponents of the repeal warned of potential tax evasion loopholes. Meanwhile, the SEC has been easing its stance, dropping lawsuits against major players like Ripple, Coinbase, and Kraken, and settling with Ripple for a reduced $50 million fine (down from $125 million). The SEC also held its first crypto task force roundtable, signaling a move toward clearer regulations under the Trump administration. Trump’s Crypto Ventures: President Donald Trump’s World Liberty Financial (WLFI) is making waves, launching a dollar-pegged stablecoin called USD1 after raising over $550 million through token sales. The Trump family could reportedly earn up to 75% of WLFI’s net revenue. Additionally, Trump Media & Technology Group partnered with Crypto.com to launch ETFs via its Truth.Fi platform, blending crypto and traditional securities with a "Made in America" focus. Corporate Bitcoin Adoption: GameStop announced it will add Bitcoin to its treasury reserves, following the lead of companies like MicroStrategy, which saw its stock soar after adopting a Bitcoin strategy. Traders are speculating this could spark a new wave of corporate crypto investments, with some eyeing a “Cambrian explosion” for Bitcoin’s price. Market Movements: Bitcoin is showing mixed signals. It’s down from post-election highs and may close Q1 2025 in the red, but analysts see a 75% chance of new highs within nine months, with predictions ranging from $91,000 to $700,000 if sovereign funds invest. Stablecoins are booming, with their market cap up 46% in the past year, driven by ventures like WLFI’s USD1. Global Developments: BlackRock launched its first Bitcoin exchange-traded product in Europe, following a $50 billion success in the U.S., partnering with Coinbase and Bank of New York Mellon. Elsewhere, reports suggest Russia might be using Bitcoin and stablecoins to trade oil with China and India, dodging Western sanctions—though details remain unverified. $BTC $ETH $SOLV