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During the Asian session on Wednesday, the SafeMoon token ($SFM) demonstrated a sharp jump after the project announced the launch of a new meme coin on the Solana blockchain and the airdrop for current holders of the already released token.
As part of this announcement, SafeMoon is burning trillions of tokens on Ethereum, Polygon, and Binance Smart Chain, simplifying the supply structure and increasing the value of the remaining assets.

How KYC became the norm in finance
Know Your Customer (KYC) systems existed long before cryptocurrencies. They were created to combat financial crimes. In 1970, the U.S. Bank Secrecy Act (BSA) mandated financial institutions to record large transactions.
Later, global regulators emerged. In 1989, the G7 established the Financial Action Task Force (FATF), which recommended countries implement anti-money laundering measures (AML). After the September 11 attacks, the U.S. introduced the PATRIOT Act, which tightened customer identification requirements.

The leading cryptocurrency exchange by trading volume, Binance, received the award for the best app of 2024.
The program developed by Binance employees won the Sensor Tower APAC Awards 2024 in the 'Best Cryptocurrency App' category. The award was presented to the company on February 17 because its software outperformed competitors based on the following metrics:

Santiment reported that the withdrawal of the crypto asset from centralized exchanges usually indicates investors' preference for a holding strategy and a refusal to engage in large-scale sell-offs in the near future. The price of Ethereum outperformed the overall dynamics of the cryptocurrency market, reaching a 12-day high, analysts reported.

Teng reported that users are increasingly receiving fake alerts via phone or SMS that their wallets have been compromised. To 'protect funds', the authors of these messages and calls urgently demanded that potential victims quickly transfer their assets to another wallet, which is actually controlled by fraudsters. Scammers send users their seed phrase via SMS or email, claiming it is intended for a new 'secure wallet'.

Happycoin.club - Over the last 24 hours, the cryptocurrency Solana (SOL) has lost 6.9%, dropping to a minimum of $165, which is the lowest level since mid-December.
This decline is due not only to Bitcoin's plunge into the $93,000-94,000 range but also to the scandal involving the LIBRA meme coin based on this blockchain.

The cryptocurrency world has once again come to the forefront due to the dramatic fall of the meme coin TRUMP, which has lost 37% of its value in the last seven days. TRUMP, once the second largest meme coin by market capitalization after Dogecoin, is now in fourth place, behind Shiba Inu and Pepe.

Neptune Digital Assets Corp., a Canadian blockchain company, diversified its cryptocurrency portfolio by acquiring 1 million Dogecoin tokens worth approximately $270,000. This purchase, completed on December 27, 2024, was made at an average price of $0.37 per token as part of the company's strategy to manage credit risk and debt levels while maintaining a focus on growth.

The cryptocurrency market is back in the spotlight after China announced new tariffs against the United States. Tuesday's morning plunge came as a shock to investors, as China not only imposed new tariffs on American goods, but also launched an antitrust investigation against Google.