63. Trump's opinion on the King of Crypto
Crypto Corner
Former U.S. President Trump suggests that Bitcoin has gained autonomy and may require regulation. He has previously criticized central bank digital currencies, promising not to allow them if re-elected.
The Texas Blockchain Council and Riot Platforms file a lawsuit against the Department of Energy and the Office of Management and Budget over an "emergency" survey.
PancakeSwap announces plans to introduce "affiliates" for expansion, with CAKE token holders set to benefit. Holders will receive native DEX tokens from affiliate projects, pending successful execution.
Starknet's STRK token has experienced a significant decline, dropping by over 50% since its launch on February 20th. The decrease in value comes as a result of both airdrop hunters and large token recipients selling millions of the tokens on the market.
FTX, the collapsed crypto exchange, has received clearance to sell its stake in Anthropic, which has seen its value more than double since the exchange's initial investment.
Fraudsters have hacked the Blueberry DeFi protocol and urged users to withdraw funds. The Blueberry project team announced on Feb. 23 that they had halted operations due to the exploit.
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NFT Spotlight
NFT of the week: Seraphis Prestigitator
Solana NFTs have reached a milestone with $5 billion in all-time sales volume. In December 2023, Solana NFTs also saw their second-highest monthly sales volume, totaling $365 million.
A UK newspaper has initiated an investigation following the publication of an article that seemed to endorse a dubious NFT project purportedly in support of the National Health Service (NHS).
Bitcoin Buzz
Jack Dorsey's company Block, Inc. (formerly Square, Inc.) is currently holding a $207 million gain on its Bitcoin investment. Block, Inc. (SQ) stocks surged by 13% in after-market trading hours.
Bitcoin Inscription volume has experienced a significant increase since the introduction of BRC-20s. In December 2023, the Inscription volume exceeded 50 million and has now surpassed 60 million.
Inflows into Bitcoin ETFs rebound as BTC price approaches crucial $50,000 support level. Although there was a brief period of weaker inflows earlier in the week, the trend has reversed as the week progresses. However, BTC's price has not yet resumed its upward trajectory.
Reddit has disclosed its acquisition of major cryptocurrencies like Bitcoin for diverse purposes and has accepted digital asset payments for certain services since at least 2022.
Bitcoin has achieved all-time highs in 14 countries, including Turkey, Argentina, Egypt, Pakistan, Nigeria, Japan, and Lebanon, despite trading 25% below its peak of $69,000.
Bitcoin Miners’ Marvels
Bitcoin mining firm Riot Blockchain reported a record $281 million in revenues for the year 2023, accompanied by the production of 6,626 BTC.
What is a Helium miner and how does it work? Explore Helium miner, a decentralized device that earns cryptocurrency by providing IoT network coverage and validating transactions.
Quote Of The Week:
“You can do more with a day, than a day off” - Anonymous
Thanks everyone, and have an awesome weekend!