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Why the Crypto Market Collapsed & What’s Next

GM. This is the Never Die Newsletter, where I share whatever crypto news and content I feel like, every week, short and sweet, right to your beautiful little inbox.
This week we have:
🎥 Latest Episode: Why the Crypto Market Collapsed
📰News: Berachain Announces Mainnet Launch
🌟Narrative of the week: Trump’s Tariff Turmoil

GLOBAL MARKET CAP $3.20T ▼ 11.08% (7d) | 24H MARKET VOLUME $125.40B ▲ 5.23% (24h) |
BITCOIN’S DOMINANCE 60.70% | FEAR & GREED INDEX 35 Fear |
Bitcoin $97,719.99 ▼ 6.87% (7d) | Ethereum $2,744.19 ▼ 18.29% (7d) |
NEWS📰
🪂 Berachain Unveils $BERA Airdrop & Mainnet Launch
Berachain will airdrop $BERA alongside its mainnet launch. Nearly 80 million $BERA will be distributed, with the largest share going to Bong Bears NFT holders. Initial claims start Feb. 6, with additional claims opening Feb. 10.
🟠 MicroStrategy Rebrands to Strategy
MicroStrategy has rebranded to Strategy with a Bitcoin-themed logo, reflecting its pro-Bitcoin ethos, while maintaining its focus on business intelligence software. The rebrand follows the company's ongoing commitment to Bitcoin, popularized by co-founder Michael Saylor.
🔥 Trump Media Files for Bitcoin ETF
Truth Media is launching ETFs and SMAs tied to its Truth Social platform, focusing on US energy, manufacturing, and Bitcoin. CEO Devin Nunes says the funds offer an alternative to woke investments, with up to $250 million initially custodied by Charles Schwab.
💰 FTX’s Bahamas Unit to Begin Creditor Payouts on Feb. 18
FTX Digital Markets will start repaying creditors from Feb. 18, with claimants under $50,000 receiving full repayment plus 9% interest. The total payout could exceed $16 billion, with initial reimbursements expected by early March.
⚖️ SEC Scales Back Crypto Enforcement Unit
The SEC is scaling back its 50-person crypto enforcement unit, reassigning some staff to other departments, The New York Times reports. The move follows leadership changes at the agency, including the resignations of former SEC Chair Gary Gensler and enforcement head Gurbir Grewal.
Crypto Market Meltdown & What’s Next
In this week’s video, I break down why crypto is crashing, what caused it, the role of macro factors, the Fed, tariffs, Trump, rate cuts, and whether altseason is still on the table.
Narrative Of The Week: Trump’s Tariff Turmoil
Donald Trump’s latest tariff moves are sending shockwaves through the crypto markets. Here’s the lowdown:

New Tariffs, Big Impact: A 25% tariff on Canadian and Mexican goods and a 10% hit on Chinese imports were rolled out, though Canada and Mexico got a temporary breather.
Crypto Chaos: The news triggered a massive sell-off, wiping out over $1.4 billion in crypto liquidations. Ether took a hard hit,dropping to a new low .
Yeah, the tariffs shook up crypto, and it wasn’t pretty. But they triggered a much needed washout of excess leverage in the system. I still believe crypto moves higher from here, the setup remains incredibly bullish.
AIRDROPS 🪂
To Claim:
To Farm:
Sonic: Formerly Fantom
Gearbox: Earn/Borrow/Farm
Symbiotic: Restaking your ETH
Dolomite: Defi Looping
Contango: Defi Looping
SOME TWEETS
February 2025 is Packed for WINR Protocol🚀
JustBet Points, the Solana Bridge, AI Agents, and new frontends all rolled out. But February? We’re turning up the heat. 🔥
🎰Solana x WINR: The Bridge is Live on @JustBetOfficial
• @solana holders can bet, stake, and LP on JustBet,… x.com/i/web/status/1…— WINR (@WINRProtocol)
1:35 PM • Feb 4, 2025
📉 NOW: Over 17,000 $BTC ($1.6 billion) were withdrawn from centralized exchanges yesterday, marking the largest outflow since April 2024.
— Cointelegraph (@Cointelegraph)
11:10 PM • Feb 6, 2025
Our Solana Price Target by the End of 2025 is $520
We value Solana (SOL) based on its projected year-end market share within the smart contract platform (SCP) market. Our SCP market cap forecast is derived from U.S. M2 money supply growth, given its strong historical correlation… x.com/i/web/status/1…
— VanEck (@vaneck_us)
5:53 PM • Feb 6, 2025
Agglayer v0.2 mainnet is live.
The upgrade brings flexibility via the pessimistic proof, allowing chains with different security models to connect while still providing safety for cross-chain interop.
Next stop: multi-stack capability for chains
— Agglayer (※,※) (@Agglayer)
3:41 PM • Feb 3, 2025
1/ Today, we’re thrilled to announce Ondo Chain, our new Layer 1 blockchain purpose-built for institutional-grade RWAs.
Design advisors for the chain include new members of the Ondo Ecosystem: Franklin Templeton, Wellington Management, WisdomTree, Google Cloud, ABN Amro, Aon,… x.com/i/web/status/1…
— Ondo Finance (@OndoFinance)
3:23 PM • Feb 6, 2025
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