📢Pal News Flash ——2.17
1. Argentine President Milei Accused in Token Scandal
Pal Note: The on-chain market has entered the bubble burst phase, celebrity coins are a scam, protect your money well.
2. Significant Net Outflow in US Ethereum Spot ETF
The US Ethereum Spot ETF saw a cumulative net outflow of $26.3 million last week. Pal Note: ETH is trash, let's see below 2100.
3. Goldman Sachs Discloses Holdings in GBTC Trust Fund
According to regulatory filings submitted to the US Securities and Exchange Commission, in addition to increasing holdings in BlackRock and Fidelity Bitcoin ETFs, Goldman Sachs also holds $3.6 million worth of Grayscale Bitcoin Trust (GBTC). According to official data from Grayscale, as of February 14, the Bitcoin holdings in GBTC have decreased to about 200,000 coins (200,118.5305 BTC), with a market value of $19.45 billion.
Pal Note: Grayscale is always dumping, once Grayscale starts buying, it might signal a bottom.
4. This Week, 5 Crypto Projects Will Unlock Tokens, Releasing a Total Value of Approximately $120 Million.
On February 17, APE will unlock approximately 15.6 million coins (about $10.95 million), accounting for 1.56% of total supply;
On February 19, PIXEL will unlock approximately 91.18 million coins (about $5.98 million), accounting for 1.824% of total supply;
On February 19, ENA will unlock approximately 12.86 million coins (about $5.77 million), accounting for 0.086% of total supply;
On February 21, FTN will unlock approximately 20 million coins (about $78.8 million), accounting for 2.0% of total supply;
On February 21, IMX will unlock approximately 24.51 million coins (about $19.45 million), accounting for 1.226% of total supply.
5. Key Events to Watch This Week:
On February 17, US Presidents' Day, US stock markets will be closed for a day;
On February 18, Consensus Hong Kong 2025 event opens;
On February 18, FTX begins its first repayments;
On February 20, US initial jobless claims for the week ending February 15;
Pal Note: Pay attention to the volatility caused by FTX repayments.
