A mysterious Bitcoin whale has amassed over 54,164 BTC, worth around $3.2 billion, as the race to a new all-time high continues, sparking speculation about the identity of the investor or entity behind it.
BlackRock's Bitcoin exchange-traded fund (ETF) has surpassed $10 billion in assets under management (AUM), becoming one of only 52 ETFs to reach this milestone, with additional $10 billion being easier to accumulate due to market appreciation.
Bitcoin has surged in value, reaching $60,000 per bitcoin and making it a $1 trillion asset, as the total cryptocurrency market surpasses $2 trillion, prompting concerns about the U.S. national debt.
Bitcoin is closing in on its all-time high, reaching $64,000, as ETF action and record inflows contribute to its resurgence alongside Ethereum and other cryptocurrencies like Solana, Dogecoin, and Shiba Inu.
The Shiba Inu (SHIB) price breaks out from a 560-day descending resistance trend line, but faces resistance on lower timeframes.
The Donald Trump-themed MAGA coin aims to achieve the same scale, market cap, and popularity as meme coins like DOGE or SHIB, showcasing its potential to become a significant player in the crypto market.
The upcoming Bitcoin halving in April is expected to benefit from a favorable setup, with increased institutional participation and a more secure blockchain, potentially leading to price appreciation despite potential volatility in the current economic climate.
The crypto analyst Bluntz suggests that the memecoin dogwifhat (WIF) is displaying bullish divergence on long time frames, while Solana (SOL) may have bottomed out against Bitcoin (BTC) after forming a bullish divergence on the one-hour time frame.
A crypto strategist predicts that Solana could surge by more than 350%, with a price target of $600, and also suggests bullish momentum for dog-themed crypto asset Floki following the lead of Pepe.
Survivors of a Hamas attack and the families of hostages held by the group have filed a lawsuit against cryptocurrency exchange Binance, accusing it of allowing Hamas to raise funds without consequences; the lawsuit states that Binance facilitated nearly $900 million in transactions between the US and Iran, violating US sanctions and enabling financial support for terrorist groups.
AR, the native asset of Arweave, has surged over 104% this week due to the launch of a testnet for AO, a hyperparallel computer, and the highest number of transactions ever recorded on Arweave.
U.S. Securities and Exchange Commissioner Hester Peirce criticized her own agency at ETH Denver, expressing frustration over "regulating by enforcement" and the slow approval of spot Bitcoin ETFs, while advocating for clearer regulations and a collaborative approach between crypto enthusiasts and policymakers.
MicroStrategy, led by chairman Michael Saylor, has become the largest institutional holder of Bitcoin, with their investment of 193,000 Bitcoins paying off tremendously and making them one of the most relevant public companies in the crypto space.
Bitcoin's implied volatility reached an 11-month high in February, with the Deribit Implied Volatility Index (DVOL) reaching 73.6, indicating an average expected daily fluctuation of 3.85% over the next 30 days.
Bitcoin's recent rally brings it close to its all-time high, and experts predict that it could reach $300,000 due to the approval of mainstream financial institutions issuing ETFs and increased investment in the cryptocurrency.
Bitcoin ETF launch sends BTC price soaring, but mining firms' stocks remain flat or down this year, except for CleanSpark which has outperformed BTC with a 64% increase.
Christopher Harborne and AML Global Ltd. have sued The Wall Street Journal for defamation, alleging false accusations of fraud, money laundering, and financing terrorism in a March 2023 article, which was subsequently edited to remove paragraphs about Harborne and AML.
Hytopia, formerly known as NFT Worlds, is launching its own game and blockchain called Hychain after being banned by Minecraft for selling in-game land as NFTs, with the aim of creating a model for supporting in-game item trades using blockchain technology.
Bitcoin has been leading the digital asset rally, but analysts believe that an "altcoin season" is on the horizon, as smaller tokens are expected to outperform.
Bitcoin's price surge and the approval of spot bitcoin exchange traded-funds (ETFs) by the SEC has sparked investor interest, leading to $1.4 billion inflow into BlackRock's iShares Bitcoin Trust, while the Grayscale Bitcoin Trust lost over $400 million as investors moved to ETFs with lower fees.
Michael Saylor, the chairman and co-founder of MicroStrategy, has reportedly invested over $175.2 million in Bitcoin, and his holdings would now be worth over $1.1 billion, solidifying his status as a significant Bitcoin whale in the market.
The US federal government has dropped its emergency survey of Bitcoin mining power usage after a lawsuit filed by Riot Blockchain and the Texas Blockchain Council, with the Department of Energy and the Energy Information Administration agreeing to withdraw the survey and destroy all data collected so far.
A "emergency" survey on the energy use of US Bitcoin mining companies has been retracted due to legal pressure from the industry, with the Texas Blockchain Council and Riot Platforms successfully obtaining a temporary restraining order against the US Energy Information Administration (EIA). The EIA confirmed that it would discontinue its emergency survey plans and would have to follow standard notice and comment processes in the future.
Popular Solana-based memecoin, dogwifhat (WIF), is seeing a significant surge in value after Robinhood adds it to its European platform, with the coin recording a nearly 70% gain in just two days.
Binance listing of the AXL token resulted in a 30% surge in value, attracting significant interest from traders and investors, with one trader making a quick profit of $56,000 in just 8 minutes.
Notcoin, a popular game on Telegram, will begin purging inactive accounts and burning unused coins, in an effort to promote greater engagement and discourage hoarding before the upcoming token launch on The Open Network (TON).
The Nigerian government has demanded nearly $10 billion in compensation from cryptocurrency firm Binance, accusing it of manipulating foreign exchange rates and causing the significant devaluation of the Nigerian currency, the naira. Two Binance executives have been arrested, and the firm has been suspended in Nigeria along with other cryptocurrency platforms as the government attempts to halt the currency slide.
An on-chain analyst predicts the launch of a new Chainlink (LINK) ETF, as the token's utility in tokenization attracts increasing demand and its integration with ARK Invest signals a potential ETF launch.
The surge in the value of memecoins, such as Dogwifhat (WIF), Pepe (PEPE), Bonk (BONK), Dogecoin (DOGE), and Shiba Inu (SHIB), reflects the broader market rally led by Bitcoin, which has increased by over 20% this week due to the approval of the first 10 spot Bitcoin ETFs by the Securities and Exchange Commission and growing adoption of the new investment vehicle.
The CoinDesk 20 Index (CD20) is up 19% since last Friday, with meme coins DOGE and SHIB experiencing significant gains, while only six assets have failed to earn double-digit returns on the week.
Grayscale's GBTC experienced significant outflows of nearly $600 million, the largest single-day redemption since January, but inflows into other spot bitcoin ETFs counterbalanced the sales, while BlackRock's IBIT surpassed $10 billion in assets under management.
Cryptocurrency scammers, known as "pig butchers," have stolen $75 billion from investors by initiating text conversations and building trust before convincing victims to invest in fake schemes, with the majority of the theft orchestrated by difficult-to-police overseas criminal networks operating in Southeast Asia.
Craig Wright has denied forging emails between him and his former lawyers in the COPA trial, accusing critics of spoofing and bugging his home, while the trial is set to resume on March 12 for closing statements.
BlackRock has expanded trading of its spot bitcoin ETF, the iShares Bitcoin Trust ETF (IBIT), to Brazil, allowing investors to include exposure to Bitcoin in their portfolios on the Brazilian stock exchange B3.
Binance is facing a potential $10 billion fine from the Nigerian government due to alleged illegal operations and economic disruption caused by the cryptocurrency exchange, although the spokesperson for President Bola Tinubu clarified that the amount is not yet finalized.
Pixels, a popular crypto game, is introducing guilds as a social finance feature that will reshape gameplay and resource generation within the game. Guilds will have unique perks and benefits, control resource distribution, and potentially generate profits through reselling membership passes. The introduction of guilds aligns with the game's goal of creating a sustainable crypto economy and providing more options and agency for players.
Blockchain innovator Nodle introduces Click, the world's first Digital Trust Network, on Ethereum through rollup integration, leveraging blockchain technology to combat fake news and provide media authentication for social good.
Stock market indices ended February on a high note, with the S&P 500 and Nasdaq seeing their best performances in the month in nearly ten years, while New York Community Bancorp shares continue to plummet after disclosing "internal controls" issues and a leadership shakeup. Additionally, Bitcoin holds above $62,000, remaining close to reaching a new all-time high.
Investors who staked ETH on Blast, a layer-2 network atop Ethereum, have bridged their assets to a new address associated with Blast's mainnet, resulting in most of the funds being moved rather than withdrawn entirely from Blast.
BlackRock's Bitcoin ETF receives record inflows and drives crypto prices to levels not seen since late 2021, with the success of the ETFs attracting investors and pushing demand.
Egypt and the United Arab Emirates have signed a $35 billion urban development deal, with Egypt investing the funds to allow the UAE to develop the town of Ras el-Hekma, making it the largest foreign direct investment in Egypt's modern history.
Karma3 Labs has raised $4.5 million to support the development and adoption of its decentralized reputation protocol, OpenRank, aiming to solve trust and safety issues in the decentralized web3 world by providing a reputation system that prevents manipulation and fosters peer-to-peer interactions and community ownership of ratings online.
Elon Musk has filed a lawsuit against OpenAI, accusing the company of breaching its original mission to develop AI for the benefit of humanity by turning into a profit-driven entity and keeping the design of GPT-4 confidential; Musk aims to compel OpenAI to return to its founding agreement.
Bitcoin has gained over 40% in four weeks, nearing its record high, but the cost of call options relative to puts suggests investors' bullish expectations may have materialized too soon.
Render (RNDR), a Solana-based altcoin project, is predicted to reach a new all-time high by a popular crypto trader, while the memecoin Shiba Inu (SHIB) is expected to have significant gains, according to the same trader.
The U.S. SEC is facing calls to reduce its oversight of the crypto industry from both within and outside the House, amid criticism of its recent actions and lack of regulatory clarity.
Dog-themed meme coin, Dogwifhat (WIF), has experienced a 4% increase after being listed on Robinhood's European crypto trading platform, making it the top performer among "dog-themed coins" in the past week, along with other meme coins such as Dogecoin, Shiba Inu, BONK, PEPE, Coq Inu, and MAGA token, outpacing market leaders Bitcoin and Ethereum during a wider crypto market rally where the global market cap of all cryptocurrencies reached $2.42 trillion.
The Ethereum (ETH) price reached a high of $3,522 but may face resistance at $3,640, with the potential to increase to $4,550 if it breaks out, while failure to do so could result in a 13% drop to $3,000.
Worldcoin's WLD token dropped 2.2% after a lawsuit was filed against affiliated company OpenAI, with Elon Musk accusing them of breaching contractual agreements.
The demand for bitcoin is surpassing its supply due to the popularity of bitcoin exchange-traded funds (ETFs) and a scheduled halving of new coins, leading to a surge in prices and potential supply problems in the future.