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​Bitcoin holdings on Coinbase reach lowest level since 2015 According to a report from CryptoQuant, whales moved 18,000 Bitcoin worth nearly $1 billion off Coinbase over the weekend, with transfer values ranging from $45 million to $171 million. Coinbase’s public order book now holds around 394,000 BTC, which is estimated to be worth $20.5 billion. A few users on X believe the movement of funds indicates a supply shock prior to the halving, while others pointed out that whales are just moving funds to OTC desks or other custodians.

​​#DailyCryptoNews 💼 Top crypto news for Monday, February 19 📌 South Korean ruling party pledges 2-year delay for crypto tax as elections loom. 📌 Binance to shut down multiple leveraged token services. 📌 Virginia proposes $39K yearly fund for crypto and AI commissions. 📌 Apple yet to remove fake Rabby Wallet app as users report being drained. Bullish or bearish news overall? 👍 - Bullish 👎 - Bearish 🤔 - Neutral

Coinshares: A record$2.45bn inflows last week, AuM back to December 2021 levels ▪️Digital asset investment products saw record weekly inflows, totalling $2.45 billion, with inflows for year to date now at an impressive $5.2 billion. ▪️Regionally, the United States dominated with 99% of the inflows, totalling $2.4bn. ▪️Investors in blockchain equity ETFs decided to take profits last week, seeing outflows totalling $167m.

Brian Armstrong summed up 2023 and shared plans for the future. Overview of 2023, Coinbase’s total revenue is US$3.1B, net income is US$95M, and operating costs are reduced by 45% year-on-year. Coinbase also relied on stock gains of up to 400% to ascend to the throne of the king of US stocks.

​​#DailyCryptoNews 💼 Top crypto news for Friday, February 16 📌 Uniswap v4 to launch in Q3 following Ethereum’s Dencun upgrade. 📌 Aptos and Jambo partner to empower emerging markets via web3 phone. 📌 FTC’s rule update targets deepfake threats to consumer safety. 📌 Ethiopia makes data center deal with Hong Kong company, may start mining. Bullish or bearish news overall? 👍 - Bullish 👎 - Bearish 🤔 - Neutral

📈 Coinbase shares surge in premarket trade after posting first quarterly profit in two years Coinbase reported a net income of $237M in Q4 2023, the first profit since Q4 2021. Coinbase reported $905M in net revenue in the fourth quarter of 2023, up nearly 50% from $605M in the previous year. The surprising fourth-quarter performance sent the exchange’s shares up nearly 12%.  

In participation of the Capitol Flag Program, Senator Warren’s office submitted a request to commemorate Nakamoto’s accomplishment of creating the first “truly inclusive financial system”.

🏦 Big banks are nudging the SEC for a slice of sweet Bitcoin ETF action Major banks and financial institutions in the US are pushing the SEC to readjust its definition of crypto assets — which could allow them to play a larger role in crypto, such as acting as custodians to the recently approved spot Bitcoin exchange-traded funds. The group highlighted the recent approval of spot Bitcoin exchange-traded products in the U.S., noting that American banks were “absent” from the approved products as asset custodians.

​​#DailyCryptoNews 💼 Top crypto news for Thursday, February 15 📌 Court clears Genesis to liquidate $1.3B worth of Grayscale GBTC shares. 📌 US investigates Trust Wallet iOS app for vulnerability. 📌 YouTuber KSI faces pump-and-dump allegations from ZachXBT and Coffeezilla. 📌 Microsoft to invest 3B euros into AI development in Germany. 📌 ARK dumps first Coinbase and Robinhood shares since January. Bullish or bearish news overall? 👍 - Bullish 👎 - Bearish 🤔 - Neutral

📈 Bitcoin ETFs account for about 75% of new investments In the past two weeks, over three-quarters of new BTC investments originated from spot Bitcoin ETFs, excluding Grayscale’s Bitcoin Trust (GBTC) ETF, according to CryptoQuant report.

“We estimate over 75% of new investment into Bitcoin are coming from these ETFs. Moreover, investment from these ETFs has increased to 2% of the total historical investment in Bitcoin in just one month as measured by the realized market capitalization”.

​​#DailyCryptoNews 💼 Top crypto news for Wednesday, February 14 📌 Ripple acquires Standard Custody & Trust, its second custody provider. 📌 Fake Curve Finance app listed on Apple Store. 📌 Japan’s regulator suggests ‘stopping’ P2P transfers from fiat to crypto. 📌 BlackRock’s Bitcoin ETF passes 100K BTC under management. 📌 US Treasury official urges Congress for more power against crypto crime. Bullish or bearish news overall? 👍 - Bullish 👎 - Bearish 🤔 - Neutral

​Bitcoin Futures open interest reaches highest level in over 2 Years According to CoinGlass, the open interest in both perpetuals and standard futures has surpassed $21 billion, a level last seen in November 2021 when BTC reached its all-time high of around $70,000.

FinCEN sees rise in Bitcoin being used in human trafficking cases According to FinCEN recent findings show 95% of cases involving online child exploitation and human trafficking-related cases there was a connection with digital assets or “convertible virtual currencies.” FinCEN highlights BTC has been used increasingly as a means of payment when it came to exploitation cases. The total number of online child exploitation cases and human trafficking-related reports involving virtual currency increased from 336 in 2020 to 1,975 in 2021. Of the 2,311 Bank Secrecy Act reports received, 2,157 reports referenced BTC as the primary convertible virtual currency used for human trafficking and online child exploitation cases. From this FinCEN said it then identified over 1,800 unique wallet addresses related to suspected online child exploitation cases and human trafficking offences.

​🚀 Bitcoin regains $1T market capitalization for the first time since December 2021

​​#DailyCryptoNews 💼 Top crypto news for Tuesday, February 13 📌 Binance founder CZ’s sentencing date postponed to late April. 📌 Ledger to simplify crypto purchases with Coinbase integration. 📌 S. Korean regulator will expel ‘unfit’ crypto exchanges from the market starting this year. 📌 SafeMoon CEO is out on bail but could lose his lawyers. Bullish or bearish news overall? 👍 - Bullish 👎 - Bearish 🤔 - Neutral

​Crypto Fear and Greed index reaches highest level since November 2021 📈

Bitcoin ETFs are sucking up 10X more BTC than miners can produce BlackRock’s iShares Bitcoin Trust saw the lion’s share, with a massive $374.7M flowing in. Meanwhile, Fidelity’s Wise Origin Bitcoin Fund fund saw inflows of $151.M, with $40M for Ark 21Shares Bitcoin ETF. Grayscale outflows of $95M and $20.8M from the Invesco Galaxy ETF slightly offset this, though net inflows were almost half a billion dollars. On the same day, Bitcoin miners produced around 1,059 BTC worth roughly $51M, according to Blockchain. com, which i just 10% of the amount of BTC being hoovered up by spot ETFs.

​​#DailyCryptoNews 💼 Top crypto news for Monday, February 12 📌 Philippines to launch non-blockchain CBDC in two years. 📌 Google’s 25M Euro AI skill boost for Europe unveiled. 📌 Ethereum gas fees hit 8-month high amid ERC-404 craze. 📌 Nigeria urged to regulate cryptocurrency to tackle financial crimes. Bullish or bearish news overall? 👍 - Bullish 👎 - Bearish 🤔 - Neutral

​Coinshares: Momentum of inflows into new issuers not slowing ▪️Digital asset investment products saw inflows of $1.1bn, bringing year-to-date inflows to $2.7bn. AuM is at highest level since early 2022 at $59bn. ▪️Regionally, the focus remained on the newly issued spot-based Bitcoin ETFs in the US, which saw a net $1.1bn inflows last week, bringing inflows since the January 11th launch to $2.8bn. ▪️Bitcoin saw almost 98% of the inflows, while the price appreciation also buoyed sentiment for Ethereum and Cardano.