Key takeaways

• A soft U.S. inflation report later today could see Bitcoin rally above the $97k level.
• iDEGEN’s presale surpasses $21m ahead of the Feb. 27 listing. 

Bitcoin trades above $96k ahead of CPI

The cryptocurrency market has been bearish this week, with BTC dipping below $94k on Tuesday. However, it is trading above $96k per coin and could rally higher on CPI news later today.

Analysts expect the January U.S. CPI report to show limited progress on inflation. It’s expected to show that the cost of living increased by 0.3% month-on-month in January, slowing down from December’s 0.4% rise.

This will be positive news for risk-based assets like Bitcoin, and BTC’s price could surge past the $97k mark in the coming hours. 

What is iDEGEN?

The cryptocurrency market is bearish this week, but investors continue to push more funds into new and promising projects. iDEGEN is a promising project that has attracted millions of dollars from investors. 

It is a meme project that leverages the benefits of AI to create the next billion-dollar memecoin. The project has raised over $20 million in its presale and allocated the money to launch several products and services. 

According to the whitepaper, iDEGEN is an AI tool that primarily functions as such. It continuously evolves and adapts by leveraging community feeds on X. While iDEGEN is powered by AI, degens ultimately raise the tool. 

Its native token, $IDGN, will power various activities within the ecosystem. Although it will launch as a memecoin, iDEGEN will offer various utilities to its community and the broader crypto space.

Its launch as a memecoin stems from the recent growth of the meme narrative in the crypto space. Last year, the memecoin ecosystem grew from a $20 billion market cap to $120 billion, representing a 500% growth within 12 months. 

The $IDGN launch on exchanges will occur in roughly two weeks. Once it goes live, it could become one of the best-performing coins in the broader crypto market. 

iDEGEN users feed the tool their data through tweets, tags, and comments. The iDEGEN tool absorbs the post and adds it to its knowledge base; that’s how it learns. Furthermore, iDEGEN posts on X every 60 minutes and can generate and post memes. 

iDEGEN’s presale hits $21m

Despite the current market conditions, the iDEGEN project continues to achieve new milestones. The presale has now officially surpassed $21 million from early investors. 

In the current stage, the $IDGN token is worth $0.0236, and its price will increase to $0.0259 in the next stage. In the final presale stage, it will be worth $0.038, giving early investors a massive ROI before the token launches on exchanges. 

Once the presale ends, iDEGEN’s native token will list on centralised and decentralised trading platforms. 

Is it ideal to invest in iDEGEN before its exchange listing?

The iDEGEN presale is still ongoing but will end in 14 days. It could become one of the biggest performers in the market once the $IDGN token is listed on cryptocurrency exchanges. 

Its unique value proposition makes it an interesting memecoin. iDEGEN could gain massive adoption within the crypto ecosystem as its tool offers an excellent use case. Early investors stand a chance to earn excellent ROI once $IDGN goes live.

Cryptocurrency custodian BitGo is exploring an initial public offering (IPO) in the second half (H2) of 2025.

The move comes amid renewed confidence in crypto regulation under the second Donald Trump administration, which has vocally supported the digital asset sector.

Crypto Unicorn BitGo Mulls Going Public

Bloomberg reported that discussions are underway with potential advisors, though no final decision has been made. BitGo has not officially confirmed its IPO plans. However, the deliberations suggest the company is positioning itself for a public debut amid increasing institutional interest in the crypto industry.

Founded in 2013, BitGo has grown into a leading crypto custodian with over 1,500 institutional clients across more than 50 countries. The company offers various services, including crypto custody, trading, borrowing, and lending.

It processes approximately 8% of all global Bitcoin transactions, further solidifying its status as a major player in the industry. More recently, BitGo revealed an important milestone for the crypto custodian.

“BitGo now secures over $100 billion in assets under custody, earning the top spot as the world’s leading independent custodian,” the announcement read.

Meanwhile, BitGo’s IPO aspirations align with a broader trend of crypto firms preparing to go public. They appear to be capitalizing on what industry insiders describe as a favorable regulatory environment emerging under the Trump administration.

The Winklevoss twins’ cryptocurrency exchange Gemini is exploring an IPO with Bullish Global, a platform backed by billionaire Peter Thiel.

Kraken and stablecoin issuer Circle are also evaluating IPO opportunities. Ark Invest recently stated that a “window” for crypto companies to go public has opened under the Trump administration.

“Among the possibilities are…the re-opening of the initial public offering (IPO) window for late-stage digital asset companies like Circle and Kraken…,” read a paragraph in Ark Invest’s newsletter.

Meanwhile, European crypto platform Bitpanda is also weighing its options for an IPO or sale at a $4 billion valuation. This momentum in crypto IPOs reflects the industry’s increasing mainstream acceptance despite past regulatory uncertainties.

Elsewhere, BitGo’s CEO, Mike Belshe, has been an outspoken supporter of Donald Trump’s policies on digital assets. In July 2024, Belshe hosted a fundraising event for Trump’s presidential campaign, featuring the Republican nominee’s running mate, JD Vance. They highlights the close ties between BitGo’s leadership and the US president.