Swedish fintech giant Klarna is set to embrace cryptocurrency as it prepares for a $15 billion IPO in the US, targeted for April. CEO Sebastian Siemiatkowski acknowledged the demand from its 85 million users, hinting at potential crypto integrations within its platform. This move could reshape the fintech landscape and signal a shift for traditional finance entities.
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News from SWE
Generated 2 posts last week Switzerland’s Significant Funding to BBC Media Action and Global Aid Contributions
The Federal Department of Foreign Affairs (FDFA) has become a major funder of BBC Media Action, contributing over 2 million pounds to support impartial media initiatives in regions like Cambodia and Tanzania. This funding surpasses contributions from the EU, UNICEF, and Canada, positioning Switzerland as a key player in international development aid. The SDC emphasizes that its support is directed towards media training and local radio initiatives, not the BBC itself.
read moreKraken to Delist Tether and Four Stablecoins in Europe by March 2025
Kraken is set to delist Tether’s USDT and four other stablecoins in Europe to comply with the EU’s Markets in Crypto-Assets Regulation (MiCA), with the full delisting effective March 31, 2025. The process will be gradual, starting with margin pairs moving to “reduce-only” mode on February 13, followed by “sell-only” mode on February 27, and halting all spot trading by March 24. This decision affects clients in the European Economic Area, with the aim of ensuring compliance and maintaining a stable trading environment.
read moreUS Stock Market Underperforms Global Peers Amid Trade Concerns
U.S. stocks, as measured by the S&P 500, have underperformed compared to global markets, returning just 2.68% this year, ranking 124th among 123 global ETFs. In contrast, foreign markets like Poland, Sweden, and Brazil have seen returns exceeding 9%. This trend poses risks for U.S. investors heavily concentrated in domestic large-cap tech stocks, especially as foreign stocks gain traction amid concerns over trade policies.
read moreTech Stocks Rebound as Investors Await Major Earnings and Fed Decisions
Tech stocks in Asia rebounded as concerns over DeepSeek eased, while investors awaited signals from the Fed after a turbulent few days. Wall Street remained stable ahead of earnings from major tech firms like Meta, Microsoft, and Tesla, with the Fed expected to pause rate cuts. Meanwhile, the Czech central bank is considering a plan to acquire bitcoin, potentially holding 5% of its reserves in the cryptocurrency.
read moreBitcoin whales offload holdings as market sentiment remains negative
Bitcoin is experiencing a slight recovery, holding above $102,000, but large holders of 10-100 BTC are significantly offloading their assets, with a decline of over 600,000 BTC in their wallets. This sell-off, driven by profit-taking, raises concerns about the sustainability of Bitcoin’s price momentum, especially as bearish pressures mount and trading volume drops by 44%. Despite a recent increase in the supply of BTC in loss, the market appears to be stabilizing as prices hover between $100,000 and $103,000.
read moreBitcoin Faces Bearish Pressure as Price Dips Below 100K Mark
Bitcoin has dipped below $100K for the first time in 10 days, triggering bearish sentiment and significant selling activity, with Taker order bearish pressure reaching $1.6 billion. Analysts view this pullback as a healthy retrace, crucial for building momentum toward a potential rally, especially if Bitcoin can reclaim the $100K mark. Key support levels around $96K-$100K are critical for determining the next market direction, with hopes that this consolidation phase will lead to new all-time highs.
read moreTrump’s Executive Orders Drive Surge in Crypto Investments and Bitcoin Inflows
Trump’s recent executive order has spurred $1.9 billion in weekly investments in digital assets, with Bitcoin attracting $1.6 billion alone, accounting for 92% of inflows. The order establishes a working group to regulate digital assets and halts CBDC development, while also pardoning Silk Road founder Ross Ulbricht. Regional inflows were strong, particularly in the US, Switzerland, and Canada, with no significant outflows except for Cardano.
read moreBitwise Moves to Create First Spot Dogecoin ETF Amid Regulatory Changes
Bitwise has registered interest in creating a spot Dogecoin (DOGE) ETF, becoming the second fund to do so, as bullish sentiment grows with a pro-crypto government under Donald Trump. The SEC has 45 days to respond to ETF applications, with the first DOGE ETF registration pending review. Currently, DOGE is traded only as an exchange-traded product in Sweden, raising questions about its approval as a U.S. ETF amid regulatory scrutiny.
read moreBitcoin shows signs of undervaluation as market tests key resistance levels
Bitcoin’s recent price volatility saw it dip to $89,100 before rebounding to $96,000, indicating strong demand. Analyst Axel Adler’s Margin of Safety model suggests that values below $90,000 indicate oversold conditions, presenting potential buying opportunities for long-term investors. As BTC tests key resistance levels, maintaining support above $95,000 is crucial for a bullish outlook toward $100,000 and beyond.
read moreDigital Asset Inflows and Outflows Reflect Macroeconomic Shifts Post Election
Digital asset investment products experienced modest inflows of $48 million last week, following a significant reversal after macroeconomic data indicated a stronger US economy. Bitcoin led with $214 million in inflows, while Ethereum faced $256 million in outflows amid a tech sector downturn. Switzerland recorded the highest outflows at $85.3 million, contrasting with inflows from the US and Germany.
read moreCrypto ETPs Experience Inflows Amid Bitcoin Sell-Off and Market Volatility
Cryptocurrency exchange-traded products (ETPs) saw $47 million in inflows last week, following a significant Bitcoin sell-off. Despite this, Bitcoin investment products recorded $213 million in inflows for the week of Jan. 6-10, while Ethereum faced the largest outflows at $256 million. Switzerland led the outflows at $85 million, contrasting with the US’s $79 million in inflows.
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