Evening News Update #Web3
🗣️ Musk Slams Memecoins: In Joe Rogan podcast, Elon likens memecoins to "casinos," warns against life savings investments while differentiating Dogecoin as "a joke cryptocurrency involving Memes and dogs."
💰 CZ's Bitcoin Journey: Binance co-founder reveals selling house (<$1M) in 2013 for BTC, endured 18-month price crash from $600 to $200 while maintaining moderate lifestyle through existing income.
📉 February ETF Outflows: Bitcoin ETFs see 40,000 BTC ($3.55B) net outflows amid 18% price drop. Fidelity FBTC led with $1.2B outflow, followed by BlackRock IBIT ($721M) and Grayscale funds ($585M).
📈 Hong Kong Fund Boom: Retail fund sales hit $81.7B in 2024 (up 47%), with net inflows reaching $12.32B—nearly 65 times higher than 2023. Industry eyes tokenization and virtual assets for future growth.
🚨 February Crypto Heists: Month sets record with $1.51B lost to hackers across 20 attacks. Bybit incident ($1.4B) ranks as largest intrusion in five years, followed by Infini ($49.5M) and zkLend ($9.66M).
