Crypto Magazine

💰 Year to Date Exchanges have seen a net outflow of over 800,000 Ether, worth about $2.4 billion. The decrease in ETH reserves on exchanges is a long term positive indicator for ETH.

📊 Nvidia $NVDA CEO Jensen Huang is currently worth $69 Billion (Up from $44B at the start of the year) making him the 21st richest person in the world - Bloomberg Billionaire Index

MicroStrategy's "X" Account Hacked - Fraudsters Steal $440,000 💸 MicroStrategy's social media "X" account became the target of a phishing attack 🎣, leading to the theft of at least $440,000, as reported by cryptocurrency researcher ZachXBT 🔍. The hackers disseminated messages promoting an "MSTR Token" airdrop, directing users to a phishing site with the domain "microstralegy" 🚨. MicroStrategy has yet to issue a statement regarding the incident 🔒. The fraudulent posts were removed at around 10 a.m. Hong Kong time, or 3 a.m. German time 🕖. Users are urged to exercise caution when clicking on links on social media.

📌NFT sales have surged by 17.66% in the past week, reaching a 10-month high amassing slightly more than $306 million in sales. This uptick marks a jump from last week’s 16.8% rise in NFT sales, with the leading blockchains in terms of volume — Ethereum and Bitcoin — both experiencing growth in the last seven days.

🪙 Uniswap rolls out 'uni.eth' subdomains using ENS infrastructure Uniswap has rolled 'uni.eth' subdomains using the Ethereum Name Service infrastructure to let users convert complex hexadecimal Ethereum addresses into human-readable names. Users can claim their uni.eth subdomain through the Uniswap mobile app, which offers one subdomain free of charge. Changing names is designed to be gasless via an off-chain resolver contract.

🔥The SOPR is approaching 2 - this was noted on the BTC history chart to illustrate what happened in past bull cycles under similar circumstances. We can talk about the end of the cycle when the SOPR ratio becomes > 7.

Memorize😎

📣 Vibrant Finance leverages Neon EVM for groundbreaking DeFi exchange innovation Decentralized exchange (DEX) Vibrant Finance has launched on Neon EVM, a Solana-based platform, marking its foray into the non-Ethereum DeFi landscape, according to a Feb. 23 press release. Vibrant Finance CEO Jimmy Yin expressed enthusiasm about this deployment on Neon, emphasizing its potential to bridge Ethereum’s vibrant DeFi ecosystem with Solana’s robust liquidity and transactional efficiency.

🔥According to Glassnode’s Bitcoin risk assessment: Over 90% of BTC holders are profitable, signaling potential market demand exhaustion and increased rollback risk Demand for BTC block space is growing Over 90% of new investors are profitable, indicating high risk, with a recent downward trend Transition from speculative ETF peaks to cautious trading suggests weakening profit-taking Long-term holders face high risk with substantial unrealized profits, despite a steady trend over the last 7 days, signaling an early bull market stage

JUST IN: 🇺🇸 President Donald Trump says many people are embracing 🥇 Bitcoin & wanting to pay with it. "You're seeing something that's interesting, I can live with it."

🔵 Decentralized Money Market Protocol Aave Joins BNB Chain’s Defi Landscape On Feb. 22, 2024, the primary development group of the BNB Chain revealed that the decentralized finance (defi) money market protocol, Aave, has been successfully launched on the BNB network. Boasting a total value locked (TVL) of $8.571 billion, Aave is now active across 13 blockchains in total.

According to Reuters, investors favor 🥇 Bitcoin ETFs over gold funds, but analysts advise caution due to Bitcoin’s volatility. Analysts note that gold remains a long-term safe haven during economic uncertainty and inflation.

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BlackRock is hosting the Institutional Digital Assets Summit tomorrow. Their 💰 Bitcoin  ETF is the best performing ETF in 2024, and their only listed digital asset product. It's basically going to be a Bitcoin sales conference for institutions...

📣 DeFi Devs get real-time Bitcoin ETF data with Pyth Network Pyth Network introduces Bitcoin ETF price feeds to allow DeFi developers access to real-time market data, bridging the gap between traditional finance and decentralized finance. Pyth Network, a provider of real-time market data for blockchain applications, announced on Feb. 20 the launch of price feeds for 13 Bitcoin exchange-traded funds (ETFs), making accurate price data of Bitcoin ETFs readily available to developers building decentralized finance (DeFi) protocols.

📊 DeFi Platform Earning Yield by Shorting Ether Attracts $300M Decentralized finance platform Ethena has attracted massive inflows since going live amid some criticism around the model it uses to generate an annualized 27% yield to holders of its USDe tokens. It had operated as a beta platform so far, available only to a closed group. More than $287 million of USDe had been minted as of Tuesday morning, with over $50 million of that coming after the platform went live to the public on Monday.

🥇 Michael Saylor explains the game theory behind why Nation-states will adopt Bitcoin rather than try to attack it

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💰 Sui Surmounts Cardano, Aptos in TVL as DeFi Spurt Escalates The newcomer Sui (SUI) Layer-1 blockchain is making waves in the decentralized finance field with a huge tide of inflows since the beginning of 2024. On New Year’s Day, SUI’s total value locked (TVL) was capped at $211 million. In a month and a half, the capital locked on SUI’s DeFi ecosystem nearly tripled, scorching past $600 million at the time of this publication.

📣 Starknet Foundation to Distribute 40 Million Tokens to DeFi Protocols The Starknet Foundation announced Monday that its committee for decentralized finance (DeFi) will distribute 40 million STRK tokens to DeFi protocols native to Starknet, its layer 2 blockchain network that is based on zero-knowledge technology. The announcement to distribute tokens to DeFi protocols comes as crypto denizens both applauded and criticized Starknet Foundation’s airdrop strategy to let roughly 1.3 million addresses claim STRK on Feb. 20.