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  • 2/10/25: OpenSea Airdrop Incoming—Are You Ready? 🌊🇯🇵📜

2/10/25: OpenSea Airdrop Incoming—Are You Ready? 🌊🇯🇵📜

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Top News

  1. OpenSea Foundation updates login page ahead of airdrop

  2. Japan FSA eyes crypto tax cuts and Bitcoin ETF

  3. House Republicans push forward on stablecoin regulation

Specs’ Insights

1. OpenSea Foundation updates login page ahead of airdrop

⌐◪-◪ → The OpenSea airdrop is imminent.

The OpenSea Foundation has just updated its website’s login page, signaling that the long-awaited airdrop and OpenSea V2 launch might be right around the corner.

Ethereum users and NFT collectors are holding their breath, hoping this move will spark a new NFT supercycle, bringing much-needed energy back to the market — but I’m skeptical.

Critics argue this is just a hail mary for insiders and venture investors looking to dump a new token, signaling fading confidence in OpenSea’s long-term prospects.

Adding fuel to the fire, rumors suggest the airdrop will geo-block U.S. users, require full KYC, restrict eligibility to users over 18, and ban VPNs. While compliance is important, these moves could enrage the broader community and drastically limit the number of eligible wallets — which, let’s be honest, mostly benefits insiders anyway.

You’d think the regulatory tailwinds and a president dropping memecoins would signal it’s time to embrace U.S. users — but apparently not.

Looking ahead, PolyMarket now puts the odds of an airdrop before April at 62%. Buckle up.

2. Japan FSA eyes crypto tax cuts and Bitcoin ETF

⌐◪-◪ → Japan is flipping pro-crypto.

The Japanese Financial Services Agency (FSA) is reportedly preparing to lift its Bitcoin ban, approve Bitcoin spot ETFs, and slash crypto taxes from 55% to 20%. Bullish if true.

This signals the country’s shift toward fostering crypto innovation, part of the growing global game theory as nations, corporations, and institutions race to accumulate Bitcoin.

The Bitcoin standard is unfolding, and Japan’s potential move reflects the growing realization: Bitcoin is no longer optional in the race for financial dominance.

3. House Republicans push forward on stablecoin regulation

⌐◪-◪ → Stablecoin regulation, here we come!

The House just introduced the STABLE Bill, a companion to the Senate’s GENIUS Bill released earlier this week, signaling serious momentum toward stablecoin regulation. Key differences between the bills:

  • The Senate Bill mandates federal regulation for stablecoins over $10B, while the House Bill lets them remain state-regulated.

  • Both agree on reserve requirements but differ on the specifics: the Senate Bill allows reserve options like money market funds and reverse repos.

  • The Senate Bill prioritizes stablecoin holders in bankruptcies, while the House Bill gives the Federal Reserve broader powers, but only for bank subsidiaries.

Critics argue that the five-day notice period for federal intervention in liquidity crises could be a problem — it’s not exactly rapid.

Looking at the market, this bill is very bullish news for compliant stablecoins (USDC, USDP, PYUSD, RLUSD, GUSD) and puts pressure on non-compliant ones like USDT. We might see the stablecoin leaderboard shuffle around a bit.

Crypto Czar David Sacks’ words are echoing loud: “Congress will pass a stablecoin bill in the coming months — market structure follows fast!” This is exactly what the market desperately needs, regulatory clarity. Founders just want to know the rules so they can build.

Everything Else

📈 Market Snapshot

  • Bitcoin → $97,431.25 ▲ 1.38% (24h)

  • Ethereum → $2,648.05 ▲ 0.71% (24h)

  • XRP → $2.44 ▲ 1.42% (24h)

  • Solana → $206.53 ▲ 3.77% (24h)

  • BNB → $605.79 ▼ 2.93% (24h)

  • Crypto prices slide as Trump announces new 25% tariffs on steel, aluminum

  • Ether may be ready for a bull run as price action mirrors August's bottom

⛓️ Crypto & DeFi

🏦 Wall Street & VC

🏛️ Legal & Regulatory

🌎 Rest Of The World

🖼️ NFTs & Metaverse

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