FameEX Morning Crypto News Recap | February 11, 2025

Musk Consortium Set to Acquire OpenAI Nonprofit for $97.4 Billion

On February 11, a consortium led by Musk proposed acquiring OpenAI for $97.4 billion, deepening the rift with CEO Sam Altman. Musk's lawyer, Mark Tober, confirmed the offer was made to the OpenAI board. Musk intends to restore OpenAI to an open-source, safety-focused model. No comment has been made by OpenAI’s spokesperson.

Economists Expect Fed to Delay Rate Cuts Until 2025

Daniel Doderer, economist at Flack Global Metals, believes the Federal Reserve is well-positioned to refrain from action for now. With the labor market facing supply constraints and demand remaining stable or rising, he expects no interest rate cuts from the Fed this year.

Bitcoin Futures-to-Spot Ratio Reaches Yearly Low, Heightening Price Volatility Risks

Glassnode co-founder Negentropic highlighted that BTC’s futures-to-spot ratio has reached an annual low after failed breakouts. BTC is working to regain the $97,200 to $98,500 range, key for a $100,000 target. A rise in futures market volume could trigger more liquidations and boost price volatility.

Strategy Expands Bitcoin Holdings

Strategy acquired 7,633 bitcoins, with an average purchase price of $97,255 per bitcoin, increasing its total holdings.

Bitcoin Mining Difficulty Hits All-Time High, Suggesting Potential Miner Capitulation

According to Glassnode data, miner capitulation started in early February, and Bitcoin has dropped more than 4% this month. Historically, this signals a potential price bottom, possibly around $91,000. The previous occurrence in October 2024 led to a 50% surge in Bitcoin’s price.

Japan's Financial Services Agency Set to Introduce Tax Cuts and Approve Bitcoin Spot ETF

Nikkei reports that Japan’s Financial Services Agency plans to treat crypto assets as securities, introduce tax cuts, and approve Bitcoin spot ETFs. A system reform policy is expected in June, with legal revisions set for the 2026 Diet session. The reforms may lower the current tax rate from 55% to 20%.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.​