Gm Degens,

The crypto bloodbath continues as Bitcoin breaks down further and trading volume surges to $75B in 24 hours.

But it's not all doom and gloom – regulatory clarity on memecoins and major wallet integrations could signal better days ahead.

Today we're diving into celebrity tokens, wallet expansions, and how AI agents are fading.

TL;DR of the last 24 hours 📜

📉 BTC breaks through new low – 24h drop: 8% (~$75B traded volume)

🐳 BlackRock transfers $441.88M BTC and $71.85M ETH to Coinbase Prime

⚽ Ronaldinho hints at launching his own memecoin

🏛️ SEC declares memecoins do not qualify as securities

🤖 Virtuals Protocol revenue down 97% as AI agent demand fades

🩸 Markets Bleeding, But Kaito’s Soaring – Up 40% with VC Backing!

🚀 After Chaos and Controversies, Movement Labs Achieves Public Mainnet Internally!

🔄 MetaMask to add support for Solana and Bitcoin

💵 USDT supply on TON nears 1.5B – fastest stablecoin growth on any chain

Bitcoin Breaks Down Further – How Low Can We Go?

BTC hit a new low, with a heart wrenching 8% drop in 24 hours on approximately $75B in trading volume.

The market is still searching for a bottom, leaving everyone wondering just how deep this dip will go.  🔗

The institutional giant just moved 5,100 BTC ($441.88M) and 30,280 ETH ($71.85M) to Coinbase Prime.

When whales of this size start moving assets to exchanges, it's rarely a good sign for short-term price action. 🔗

Football legend Ronaldinho is hinting at launching his official memecoin while warning fans about fake tokens using his name.

He clarified that he hasn’t released any official tokens yet but urged the crypto community to stay alert for an upcoming announcement.

Will this be another celebrity rug pull or a legitimate memecoin here for the community?

The crypto world remains skeptical after many celebrity token disasters. Beware ninjas 

Wen securities lawsuit? Not today, frens.

The SEC just dropped a bombshell – memecoins are NOT securities.

Yup, all your $PEPE, $DOGE, and even that token you made as a joke last weekend? Clear skies, no SEC shackles.

Why?

Turns out, memecoins don’t meet the “Howey Test” (the SEC’s ancient yardstick for what counts as a security).

Image: Transak

No dividends, no ownership stakes, no “expectation of profit” (unless you count YOLO'ing into $SHIB). Basically, the SEC said: “These things are just vibes.”

Good news?

Bad news?

Still, this is a big W for crypto. Memecoins just went from “unregulated chaos” to “government-approved unregulated chaos.”

Remember when AI agents were the next big thing?

Well, Virtuals Protocol's numbers tell a different story:

Even expanding from Base to Solana hasn't reversed the trend. 

Is this just temporary market conditions, or are AI agents losing their appeal entirely?

While everything else is in freefall, Kaito is up 40%, hitting a $2.8B FDV – powered by the idea of being the "distribution center of information, attention, and capital."

VCs, foundations, and ecosystem funds are being nudged to hold $KAITO strategically to support projects with distribution and capital.

Kinda feels like BNB staking + Binance listings, but for Kaito’s ecosystem. 

If you staked your airdrop – GG, ninja. 🎯💰

MetaMask is making major moves by adding support for Bitcoin and Solana this year:

With Solana's explosive growth (over 12 billion transactions in January alone), this integration could be a game-changer for both ecosystems.

As a bonus, Consensys and the SEC have agreed to end the enforcement case against MetaMask, removing a significant regulatory cloud.

Bullish!

After a period of turbulence, Movement Labs has successfully reached internal public mainnet.

While everything is technically ready, the team is now waiting on Gnosis Safe security checks to be cleared by their bridging partners before the official launch.

The ecosystem is alive, vaults are full, and confidence is returning.

Team members, including Rushi Manchanda, have assured the community that security is the top priority

Multisig safety measures are being finalized before the big moment.

Tether's deployment on TON shattered records, with $1.4B issued in just 10 months - making it the fastest growth of a stablecoin on any chain to date.

This explosive adoption signals TON's emerging strength as a serious blockchain contender, with stablecoin volume being a key indicator of network activity and trust.

CZ reminds everyone that dips are just part of the game. If you're stressed, maybe your bag’s too heavy.

But for true believers (like himself), crypto isn’t just an investment—it’s a whole new way of seeing the world.

And ninja’s if you want to learn to manage your risks - here’s a good read.

Today has been a very difficult day – Bitcoin’s in freefall, and the dip just won’t quit!

But remember, conviction is the cheat code in these markets.

The real giga-brains are hunting solid projects, doing their research, and buying the dips.

Not feeling degen enough? 

No worries—farm those airdrops and let stablecoin yield farming be your safety net. Play it smart, survive the chaos, and come out richer.

Time to build conviction - Short-term pain, long-term vision.

Activate stealth mode, ninjas! ⚔️🔥

See you tomorrow!

– Your degen for the day 🥷