Daily Alpha and Summary. February 3, 2025
DeFi
Thorchain plans to issue creditors new token TCY, as part of efforts to $200M debit crisis within the chain. Holders of TCY will be entitled to 10% of THORChain's revenue in perpetuity
State of the Market
Massive Liquidation event across crypto following US, Canada, Mexico import tariff wars. Canada joined Mexico in slapping retaliatory tariffs on the US
Key Note: The market is down today due to fear from more inflation as a result Trump’s announcement of new international trade tariffs set to take effect this week
Some thoughts on why BTC might hit 76k before a continued bull rally