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iDEGEN fires on all cylinders as Bitcoin, Ethereum struggle

Bulls remain in control of the broader cryptocurrency market as investors’ optimism remains pegged on crypto-friendly policy measures, heightened adoption of these digital assets, and central banks’ strategic reserves. Even so, crypto majors have largely stalled in the absence of an immediate catalyst.  Amid the pullback, meme coins and particularly AI projects have shown immense…


Bulls remain in control of the broader cryptocurrency market as investors’ optimism remains pegged on crypto-friendly policy measures, heightened adoption of these digital assets, and central banks’ strategic reserves. Even so, crypto majors have largely stalled in the absence of an immediate catalyst. 

Amid the pullback, meme coins and particularly AI projects have shown immense growth and indismissible opportunities. iDEGEN, a unique social experiment is one such project. Even before hitting the public shelves, it has the potential to give the likes of Fartcoin and AI16z a run for their money. 

Bitcoin’s under pressure from bets on fewer rate cuts

Bitcoin price rebounded on Tuesday after testing the crucial support zone of $90,000 in the previous session. As at the time of writing, the top crypto was at $96,485 as it finds support along the 50-day EMA while hovering around the short-term 20-day EMA. 

While the bulls are still in control, higher Treasury yields have prompted a sell-off of riskier assets like cryptocurrencies. On Monday, the benchmark 10-year Treasury yields rose to 4.80%, a level last recorded in October 2023.

The stronger-than-expected US jobs data released late last week further pointed to the Fed easing on its rate cuts in 2025. Notably, riskier assets like cryptos thrive in an environment of lower interest rates.

In the near term, the range between $93,010 and $97,500 will be worth watching. Beyond that level, the bulls will likely face resistance at $98,500. On the flip side, a pullback past the range’s support zone may see BTC/USD drop to $92,225. 

Bitcoin Price Chart
Bitcoin Price Chart

Bitcoin price chart | Source: TradingView

iDEGEN marks a new phase for AI meme coins

As artificial intelligence revolutionizes the crypto market, iDEGEN is marking a new era for AI meme coins. In fact, based on its virality and potential, some analysts view it as a “Bitcoin equivalent”. 

Unlike other projects, it started on a blank slate with no restrictions or guardrails. By relying on degens to learn, adopt, and formulate tweets, iDEGEN has evolved into a viral sensation whose growth surpasses its creators’ wildest imaginations. 

So aggressive is the movement that not even a ban on X could curtail it. Based on its virality and active community, the project has the markings of a crypto that will evolve from being a mere joke to a billion-dollar asset. 

With this immense potential, a rising number of savvy investors are amassing $IDGN tokens with just a few weeks left before its listing on 27th February. Since its launch on 26th November 2024, the project has already raised over $16 million. 

Early adopters are already sitting on hefty returns at its current price of $0.01. Compared to its initial price of $0.00011, $IDGN holders have raked in 8,991% in returns. At this pace, there are no signs of iDEGEN slowing down. Learn more about iDEGEN here

Ethereum records surge in outflows amid a shift in investor sentiment 

Ethereum price

ETH price chart | Source: TradingView

After the Bitcoin-led selloff that saw Ethereum price momentarily drop below the crucial zone of $3,000 on Monday, the altcoin rebounded to trade at $3,191 as at the time of writing.  A look at its daily chart highlights the formation of the bearish death cross with the short-term 20-day EMA crossing below the medium-term 50-day EMA to the downside. 

Besides, ethereum price remains under pressure from the recent surge in outflows. According to SoSoValue, ETH spot ETF recorded daily net outflows of $39.43 million on 13th January. Topping the list was Grayscale Ethereum Trust EFT (ETHE) with a daily net outflow of $14.49 million and cumulative net outflows of $3.70 billion. At the same time, its Mini Trust (ETH) had daily net outflows of $37.84 million.

In the near term, ethereum price will likely hover around $3,150 as bulls strive to defend the support level of $3,000. Even with furthe rebounding, it will likely face significant resistance at $3,320.  


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Germany’s AfD party proposes Bitcoin as strategic asset

The AfD party is urging Germany to treat Bitcoin as a strategic national asset. The AfD Bitcoin reserve motion seeks MiCA exemption and clear, favorable tax rules. AfD is pushing Bitcoin as “state-free money” to boost sovereignty. Germany’s Alternative for Germany (AfD) party has put forward a parliamentary motion urging the government to recognize Bitcoin…


Germany's AfD party proposes Bitcoin as strategic asset

  • The AfD party is urging Germany to treat Bitcoin as a strategic national asset.
  • The AfD Bitcoin reserve motion seeks MiCA exemption and clear, favorable tax rules.
  • AfD is pushing Bitcoin as “state-free money” to boost sovereignty.

Germany’s Alternative for Germany (AfD) party has put forward a parliamentary motion urging the government to recognize Bitcoin as a strategic asset.

The short, forceful proposal argues Bitcoin deserves distinct treatment from other crypto-assets and calls for tax and regulatory relief to bolster innovation and national sovereignty.

The Bitcoin strategic reserve motion by AfD

The AfD motion urges lawmakers to treat Bitcoin differently from tokens and stablecoins covered by the EU’s Markets in Crypto-Assets (MiCA) framework.

It argues Bitcoin’s decentralised design and fixed supply make it a unique form of digital value that should not be shoehorned into rules intended for centrally issued crypto instruments.

The party explicitly proposes that the government consider accumulating Bitcoin within national reserves as a hedge against inflation and currency volatility.

A central demand in the motion is tax certainty.

AfD lawmakers want to preserve the existing 12-month holding exemption for private capital gains and maintain Bitcoin’s exemption from VAT.

They also call for private mining and running Lightning Network nodes to be clearly classified as non-commercial activities, reducing administrative burdens for individual participants.

The motion stresses the right to self-custody and warns that legal uncertainty deters long-term private investment.

AfD frames the proposal as part of a broader defence of digital sovereignty.

The party opposes a European digital euro and portrays Bitcoin as “state-free money” that can protect liberties and reduce dependence on centrally issued currency instruments.

The motion arrives amid debate over Germany’s decision in mid-2024 to sell nearly 50,000 BTC seized from criminal proceedings — an action AfD and others now characterise as a policy mistake given subsequent price movements.

The proposal argues that heavy-handed national implementation of MiCA risks capital flight and diminishes Germany’s standing in blockchain innovation.

AfD lawmakers say excessive rules will push firms and talent to friendlier jurisdictions, eroding competitiveness in a field with rapidly evolving technology and commercial models.

AfD also highlights potential synergies between Bitcoin and energy policy.

The motion suggests that productive uses of excess renewable supply — including mining — could create a technological and economic fit between Germany’s energy transition and the Bitcoin network.

The party frames state accumulation of Bitcoin as a prudent diversification of reserve assets, drawing parallels to moves and proposals in other European countries that have discussed or adopted similar approaches.

Beyond urging a strategic statement from the federal government, the motion seeks concrete commitments: keep tax advantages intact, exempt certain private operations from commercial classification, enshrine self-custody rights, and open study of Bitcoin’s role in reserves and energy integration.

AfD wants the Bundestag to formally recognise Bitcoin’s distinct status and to restrain national rule-making that would extend MiCA beyond its intended scope.

The reaction from the public

Supporters in crypto circles welcomed the proposal as a sign that mainstream political debate is shifting away from dismissive tropes about digital currencies.

Critics, however, worry the plan could politicise reserve policy or clash with EU regulatory intent.

Observers note that Germany occupies an outsized spot in Europe’s economy, so any move to treat Bitcoin strategically would reverberate across markets and policy debates.

As Bundestag review AfD’s motions and the larger question of how national policy should sit alongside EU rules, whether the proposal gains traction depends on cross-party calculation about economic benefits, sovereign risk, and regulatory coherence.


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