Multinational conglomerateĀ Sony Group Corp unveiled itsĀ Ethereum Layer-2 blockchain,Ā Soneium, as part of a sustained bid to enter into the realm of Web3 technology. Bullish for ETH š®
The USDD stablecoin, issued by the TRON DAO Reserve, has lost its Bitcoin backing with the removal of 12,000 BTC from its formerly listed collateral address, now it's only backed by TRX š«¤
Tether, the issuer of the worldās largest stablecoin, USDT, has calculated to forgo its own blockchain launch, citing market saturation and strategic concerns š¤
NFT platform Magic Eden announced the launch of its token š¼
š¹ Last 24 hours top 3 gainers:
Core - $1.17 (ā11.94%) Sei - $0.32 (ā11.25%) GALA - $0.02 (ā11.48%)
In recent years, for the first time in decades, the countryās trade balance has slipped into a -ā¬1.0 billion deficit. This marks a reversal for the export powerhouse.
š With disrupted supply chains, energy costs soaring, population aging, and global demand falling, Germany's economic engine falters.
If this downward trend continues, the consequences for Germany and the entire European economy could be dire.
The golden era of an export-driven economy fueled by cheap Russian gas may be coming to an end š
VOTE AND EARN 5 DOLLARS šøš ā Ā The stock market has fallen significantly today and this has prevented Bitcoin from getting out of the price range, which we have been in for a month already šÆDaily Digest:šøĀ Feds will use NFTs to reach out to victims impacted by fraudulent activity from the founder of crypto project CluCoinšøĀ Crypto companies have contributed $119 million to election donationsšøĀ News that Kamala Harris willĀ support policy efforts to encourage the growth of the crypto industry turned out to be a manipulation ššøĀ FTX chief restructuring officer and CEO said the plan promises 100% return plus interest for non-governmental creditorsšøĀ $13 billion in loans used in the purchase of Twitter are stuck on banksā balance sheets ššøĀ Binance founder CZ is not free from prison yet, but was moved to the halfway house in LAš¹ Prices:š„ Bitcoin - $60,476 (ā1.2%)⨠Ethereum - $2,624 (ā0.2%)š§Ŗ S&P 500 - 5,570 (ā0.89%)š DXY - 101.52 (ā0.47%)š Gold - 2,485 (ā0.01%)
Let's take a look at the recent performance of these cryptocurrency pairs against USDT:
1. Bitcoin (BTC): - Current Price: $66,579.03 - Change: ā0.24% - Bitcoin remains a dominant force in the crypto market, often influencing the overall sentiment. $BTC
3. Binance Coin (BNB): - Current Price: $410.74 - Change: ā1.84% - BNB, the native token of the Binance exchange, has experienced a slight decline. $BNB
6. TON (TON Crystal): - Current Price: $2.6638 - Change: ā2.13% - TON Crystal, associated with the Telegram Open Network, has seen a decrease. $TON
Remember that cryptocurrency prices are highly volatile, and these values can change rapidly. Always do your own research and consider market trends before making any investment decisions. šš
United States national debt reaches a new all-time high of $34.21 trillion. That's about $101,000 in debt per citizen or $265,000 per taxpayer.
šø The US government's debt is on track to rise to $54 trillion over the next decade, according to theĀ Congressional Budget Office.
š It's very expensive to service that kind of debt: Annual debt interest is set to cross the $1 trillion mark in 2026 and $1.6 trillion in a decade.
This debt will never be paid off and the higher it rises, the more obvious it becomes how broken the global financial system is š¤·āāļø
ā Ā Bitcoin was pumping unstoppably today updating ATH for this year. The US stock market is not stopping either and continues its rise above 5k š
Day summary:
šøĀ New York Attorney General says Digital Currency Group and Gemini are responsible for $3 billion in investor losses, boosting initial lawsuit size
šøĀ Yellen says the Treasury Department could use more authority to address alleged use of crypto by terrorist groups (more regulations for everyone)
šøĀ The National Fraud Intelligence Bureau of the UK announced they found and blocked a wide network of crypto phishing web domains
šøĀ OpenAI CEO Sam Altman seeks as much as $7 trillion in funding for a new AI chip project š³
šøĀ Core Ethereum developers have agreed on a release date for the Dencun update, it will take place on March 13
ā Ā The S&P 500 is one step away from the symbolic new ATH mark of 5000, meanwhile it looks like there is finally some activity in the crypto market and Bitcoin is pushing above $44k šÆ
Day summary:
šøĀ MicroStrategy purchased an additional 850 BTC at a total cost of $37.2 million š
šøĀ South Koreaās FSC announced that upon the commencement of the countryās new crypto law, criminals could face life imprisonment
šøĀ Japan Financial Services Agency wants to give DAOs Ā the same treatment and rights as ordinary LLC membersĀ
šøĀ Binanced published new proof of reserves, according to which all assets on the exchange are over-collateralized
šøĀ Crypto exchange Bitsonic executives jailed in South Korea for $7.5M theft āļø
šøĀ South Koreaās Digital Asset Exchange Association said it had reported OKX to local authorities for allegedly operating without proper registration
Barack Obama talked about Bitcoin: "Everyone walking around with a Swiss bank in their pocket" emphasizing the reliability and independence of Bitcoin, while trying to criticize it because "government can't do tax enforcement" š
With a new rule all criminals that make more than 5 billion won ($3.8 million) in illegal crypto profits are facing life sentences in South Korea āļø
The NBA was hit with a lawsuit over its marketing links to failed crypto exchange Voyager Digital, which investors claim led to $4.2 billion in losses š
MicroStrategy announces plans to be the āworld's first Bitcoin development company". The company says it will develop Bitcoin blockchain network applications and software ā
š TheĀ price-to-earnings ratioĀ (P/E)Ā is one of the most widely used metrics for investors and analysts to determineĀ stock valuation. It shows whether aĀ company's stock price is overvalued or undervalued and can reveal how aĀ stock's valuation compares to its industry group or a benchmark like the S&P 500 index.
š§® To calculate the Price-to-Earnings (P/E) ratio of a company, you need two pieces of information: the current stock price and the earnings per share (EPS).
Example: We know that Apple company's EPS in 2023 was $6.43 and the current stock price is $189.30, which means we need to calculate this: 189.30/6.43 = 29,44. This is Apple's P/E ratio.
The aggregate trading volume of Bitcoin spot ETFs has surpassed $30 billion, which can hardly be perceived as a big deal, knowing that on the Binance exchange alone, the trading volume has exceeded $1 billion in the last 24 hours š
Michael Saylor announced that MicroStrategy has continued its steadfast commitment to Bitcoin by purchasing an additional 850 BTC at a total cost of $37.2 million š
South Koreaās FSC announced that crypto criminals committing illicit market acts could face criminal punishments, including life imprisonment, upon the commencement of the countryās new crypto law š®
Japan Financial Services Agency announced a new amendment aiming to give members of tokenized limited liability companies (DAOs) the same treatment and rights as ordinary LLC members āļø
ā Ā Treasury Secretary Janet Yellen calls on the US Congress to pass legislation that will regulate stablecoins and the spot market for crypto assets that are not securities. The crypto market has reacted positively (if reacted at all) to this news š«”
Day summary:
šøĀ The SEC has introduced a rule indicating that all liquidity positions exceeding $50 million on a DEXs may need to register with the SEC
šøĀ Multicoin Capital is in talks to sell its FTX bankruptcy claim, which has a value of roughly $100 million
šøĀ South Korean prosecutors arrested and detained three executives of crypto platform Haru Invest, accusing them of stealing $826 millionĀ š®
šøĀ Solana network went down due to the "major outage" on the mainnet-beta cluster.
šøĀ Ark Invest CEO Cathie Wood said that Bitcoin is replacing gold as a store of value
šøĀ Crypto wallet MetaMask has integrated trading platform Robinhood into its product š¤
šøĀ Binance along with Aragon, Multichain, and Vai will delist Monero privacy token XMR
Today is not a good day if you want to tell someone about the power of decentralization and the reliability of blockchains, because two of them are in trouble at once ā
First, the Solana network block processing ceased at 09:52 UTC, and the blockchain is still down due to the "major outage" on the mainnet-beta cluster. The halt comes nearly a year after the Solana network for down forĀ almost two daysĀ in April 2023Ā āø
Later today, the Dymension blockchain went live but failed to start working because almost 35% of all DYM tokens are staked to a single validator, and because of that consensus among validators can't be reached
ā Ā Federal Reserve Chairman Powell said that the Fed may wait until March before cutting interest rates to ensure that inflation can sustainably achieve its 2% target šÆ
Day summary:
šøĀ SEC has won its motion to compel Ripple to produce its financial statements, post-complaint contracts governing institutional sales of XRP āļø
šøĀ El Salvadorās pro-bitcoin president Nayib Bukele declared his win in the 2024 presidential election
šøĀ A multinational firm lost $25.6 million in a deepfake scam
šøĀ FTX has filed a motion with the court to sell its nearly 8% stake ($1.4 billion) in Anthropic AI
šøĀ Beijing announced measures that will crack down on crypto mining activities ā
šøĀ Genesis Global Capital filed a new motion seeking authorization to sell approximately $1.6 billion in trust assets
šøĀ Grayscale transferred 900 BTC to the address of Coinbase Prime Deposit, and 1,730 BTC to a new custody address
First, you can buy coins and tokens at discounted prices, as they are often available at lower ratesĀ during the presale or initial coin offering (ICO) stages. Second, by investing early, you can stay up to date with the latest developments in the crypto market and gain an edge over other investors.
ā Ā SEC approves all spot Bitcoin ETF, this time for real. Bitcoin price did not positively react to this news, price is down 1.7% in an hour, ETH, on the other hand, is pumping š
Day summary:
šøĀ Coingecko X account is hacked, be careful ā ļø
šøĀ Rumors: Bitget crypto exchange is in trouble, CEO and other executives are missing
šøĀ 10 asset managers in Hong Kong are exploring potential spot crypto ETFs
šøĀ Ripple Labs is planning a tender offer to buy back a $285-million stake in the company from early investors and employees
šøĀ Apple has pulled Binance, Kraken, and many other crypto apps from India App Store š®š³
šøĀ X safety team confirmed that X account of the SEC was hacked. SEC says FBI is investigating the hack