Crypto Market Daily Update | The cryptocurrency market continues to experience volatility, with Bitcoin briefly falling below $73,000; Cathie Wood continues to aggressively accumulate crypto assets; UBS Group increases its stake in MSTR to $800 million.
February 4th update: The cryptocurrency market continues to experience volatility. As of the time of writing, $Bitcoin (BTC.CC)$Bitcoin fell by 2.21%, trading at $76,406.10; $Ethereum (ETH.CC)$Ethereum dropped by 1.42%, trading at $2,270.54.
Lightspark CEO and $PayPal (PYPL.US)$ former PayPal President David Marcus published a retrospective on PayPal nearly 12 years after his departure, stating that the company had long prioritized financial optimization over product and platform strategy. Marcus specifically highlighted the stablecoin PYUSD: while technically sound, it lacks a compelling strategic rationale. Despite having distribution capabilities, it does not exhibit genuine, intrinsic transaction demand, nor is it deeply integrated…
