Crypto PR
No one can make you feel inferior without your consent: By Eleanor Roosevelt, this quote is about confidence and inspiration.
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Crypto
#TradeFiRevolution
The trade revolution: globalised, digitalised trade and finance.
We spoke to Ben Singh-Jarrold, Corporate Banking Strategist at Misys on the trade revolution.
Whether you believe Globalisation 2.0 is an unstoppable force, or that progress to a truly global economy is severely overstated, it is clear that we face an unprecedented time and set of conditions in the history of world trade. As negotiating power has shifted east, new trade finance models are evolving. Pressures
The trade revolution: globalised, digitalised trade and finance.
We spoke to Ben Singh-Jarrold, Corporate Banking Strategist at Misys on the trade revolution.
Whether you believe Globalisation 2.0 is an unstoppable force, or that progress to a truly global economy is severely overstated, it is clear that we face an unprecedented time and set of conditions in the history of world trade. As negotiating power has shifted east, new trade finance models are evolving. Pressures
#FTXrepayment
FTX Estate Begins to Repay Bankrupt Exchange Creditors in Cash.
FTX's bankruptcy estate is beginning with small claims customers, disbursing $1.2 billion worth of repayments in this initial round.
The FTX estate began a creditor repayment program that could total more than $16 billion, releasing $1.2 billion to smaller claim holders on Tuesday. It’s the latest step in the collapsed crypto exchange’s efforts to help former customers recoup funds.
The bankruptcy estate's initial distribution targeted "Convenience Class" claims under $50,000, reaching the majority of affected users. The estate's managers will be sending payments in stages to ensure proper verification and orderly distribution, according to FTX.
"The start of these distributions is an incredible and important milestone for FTX,” John J. Ray III, plan administrator of the FTX Recovery Trust, said in a statement.
FTX Estate Begins to Repay Bankrupt Exchange Creditors in Cash.
FTX's bankruptcy estate is beginning with small claims customers, disbursing $1.2 billion worth of repayments in this initial round.
The FTX estate began a creditor repayment program that could total more than $16 billion, releasing $1.2 billion to smaller claim holders on Tuesday. It’s the latest step in the collapsed crypto exchange’s efforts to help former customers recoup funds.
The bankruptcy estate's initial distribution targeted "Convenience Class" claims under $50,000, reaching the majority of affected users. The estate's managers will be sending payments in stages to ensure proper verification and orderly distribution, according to FTX.
"The start of these distributions is an incredible and important milestone for FTX,” John J. Ray III, plan administrator of the FTX Recovery Trust, said in a statement.
#LitecoinETF
Litecoin txs surge 243% in 5 months amid ETF hype: Santiment
The price of Litecoin spiked more than 8% as Canary’s spot Litecoin ETF made a move to prepare for its potential approval.
Daily transactions on the Litecoin network have hit $9.6 billion per day as exchange-traded fund issuers have been making moves to list their proposed Litecoin ETFs in the United States.
Litecoin’s
LTC
$129.17
market capitalization surged by 46% from Feb. 2 to 19, showing increased investor interest, reported Santiment on Feb. 21. It added that part of this growth comes from “its strong rise in network utility, which has been processing $9.6 billion in daily transaction volume over the past 7 days.”
Litecoin had around $2.8 billion in daily transaction volume in late August so current levels represent a surge of 243% in five months. Additionally, LTC prices have doubled since early November, outpacing the broader crypto market, which has seen gains of 42% over the same period.
Litecoin txs surge 243% in 5 months amid ETF hype: Santiment
The price of Litecoin spiked more than 8% as Canary’s spot Litecoin ETF made a move to prepare for its potential approval.
Daily transactions on the Litecoin network have hit $9.6 billion per day as exchange-traded fund issuers have been making moves to list their proposed Litecoin ETFs in the United States.
Litecoin’s
LTC
$129.17
market capitalization surged by 46% from Feb. 2 to 19, showing increased investor interest, reported Santiment on Feb. 21. It added that part of this growth comes from “its strong rise in network utility, which has been processing $9.6 billion in daily transaction volume over the past 7 days.”
Litecoin had around $2.8 billion in daily transaction volume in late August so current levels represent a surge of 243% in five months. Additionally, LTC prices have doubled since early November, outpacing the broader crypto market, which has seen gains of 42% over the same period.
#BinanceAirdropAlert
Binance: The Leading Crypto Exchange:
Binance is the world’s top crypto exchange, revolutionizing the blockchain industry since 2017. The platform offers a wide range of services, including trading, staking, and lending, catering to both beginners and advanced traders.
Trading Made Easy:
Binance provides two trading interfaces: Basic for beginners and Advanced for seasoned traders. Users can also trade crypto futures with up to 125x leverage, opening up opportunities for significant gains.
Secure Decentralized Exchange:
The Binance DEX enhances security with peer-to-peer transfers and trades, virtually eliminating exposure to security threats.
Educational Resources:
Binance Academy offers free educational resources and courses, while the Learn & Earn program allows users to earn rewards as they learn about crypto and blockchain.
Supporting Emerging Projects and NFTs:
Binance Launchpad helps emerging crypto projects gain visibility, and the Binance NFT marketplace connects artists, creators, and enthusiasts with premier exhibitions and collaborations.
Advanced Digital Asset Management:
The Binance Web3 Wallet, integrated into the Binance app, simplifies DeFi activities, enabling cross-chain token swaps and yield earning opportunities. Using Multi-Party Computation (MPC) technology, it ensures unparalleled security and control over users' assets.
Regional Services:
Binance Jersey enables secure trading of EUR and GBP with BTC and ETH, while Binance US caters specifically to American users, offering a wide range of cryptocurrencies and trading pairs with low fees.
Binance: The Leading Crypto Exchange:
Binance is the world’s top crypto exchange, revolutionizing the blockchain industry since 2017. The platform offers a wide range of services, including trading, staking, and lending, catering to both beginners and advanced traders.
Trading Made Easy:
Binance provides two trading interfaces: Basic for beginners and Advanced for seasoned traders. Users can also trade crypto futures with up to 125x leverage, opening up opportunities for significant gains.
Secure Decentralized Exchange:
The Binance DEX enhances security with peer-to-peer transfers and trades, virtually eliminating exposure to security threats.
Educational Resources:
Binance Academy offers free educational resources and courses, while the Learn & Earn program allows users to earn rewards as they learn about crypto and blockchain.
Supporting Emerging Projects and NFTs:
Binance Launchpad helps emerging crypto projects gain visibility, and the Binance NFT marketplace connects artists, creators, and enthusiasts with premier exhibitions and collaborations.
Advanced Digital Asset Management:
The Binance Web3 Wallet, integrated into the Binance app, simplifies DeFi activities, enabling cross-chain token swaps and yield earning opportunities. Using Multi-Party Computation (MPC) technology, it ensures unparalleled security and control over users' assets.
Regional Services:
Binance Jersey enables secure trading of EUR and GBP with BTC and ETH, while Binance US caters specifically to American users, offering a wide range of cryptocurrencies and trading pairs with low fees.
#truthornot
No matter how absurd, David Portnoy’s meme coins just keep working.
Meme coins are pure chaos, and Dave Portnoy is thriving in it. Wrong trades, wild flips, and token launches — he’s turning madness into millions. Here’s how.
Dave Portnoy has never been one to shy away from the spotlight. From turning Barstool Sports into a media empire to his viral pizza reviews and high-stakes gambling, he has built a brand around being loud, unpredictable, and unapologetically himself.
Lately, though, his name has been making the rounds for a different reason — crypto. And not just any crypto, but meme coins, accidental trades, and a deal he ultimately walked away from.
One of the biggest stories revolves around Libra Libra
LIBRA
-11.28%
Libra, a token that gained traction after Argentina’s President Javier Milei seemingly endorsed it. However, Portnoy’s involvement began with a different kind of LIBRA deal.
Portnoy revealed that he had been paid roughly 6 million LIBRA tokens to promote the project, but after its founder, Hayden Davis, allegedly asked him to keep quiet about the arrangement, Portnoy decided to return the money.
Then, in one of his most bizarre investment blunders, he mistakenly bought nearly $170,000 worth of the wrong LIBRA token — one with a completely different contract address than the high-profile version making headlines.
Realizing his mistake, Portnoy took to X with his trademark mix of self-deprecation, writing, “Anybody wanna buy some fake Libra? Warning: This is a meme coin. I bought it by accident… It will be volatile. It will eventually go to zero.”
No matter how absurd, David Portnoy’s meme coins just keep working.
Meme coins are pure chaos, and Dave Portnoy is thriving in it. Wrong trades, wild flips, and token launches — he’s turning madness into millions. Here’s how.
Dave Portnoy has never been one to shy away from the spotlight. From turning Barstool Sports into a media empire to his viral pizza reviews and high-stakes gambling, he has built a brand around being loud, unpredictable, and unapologetically himself.
Lately, though, his name has been making the rounds for a different reason — crypto. And not just any crypto, but meme coins, accidental trades, and a deal he ultimately walked away from.
One of the biggest stories revolves around Libra Libra
LIBRA
-11.28%
Libra, a token that gained traction after Argentina’s President Javier Milei seemingly endorsed it. However, Portnoy’s involvement began with a different kind of LIBRA deal.
Portnoy revealed that he had been paid roughly 6 million LIBRA tokens to promote the project, but after its founder, Hayden Davis, allegedly asked him to keep quiet about the arrangement, Portnoy decided to return the money.
Then, in one of his most bizarre investment blunders, he mistakenly bought nearly $170,000 worth of the wrong LIBRA token — one with a completely different contract address than the high-profile version making headlines.
Realizing his mistake, Portnoy took to X with his trademark mix of self-deprecation, writing, “Anybody wanna buy some fake Libra? Warning: This is a meme coin. I bought it by accident… It will be volatile. It will eventually go to zero.”
#CryptoNEWS
Hackers steal $1.5 billion from exchange Bybit in biggest-ever crypto heist.
Bybit, a major cryptocurrency exchange, has been hacked to the tune of $1.5 billion in digital assets, in what’s estimated to be the largest crypto heist in history.
The attack compromised Bybit’s cold wallet, an offline storage system designed for security. The stolen funds, primarily in ether
, were quickly transferred across multiple wallets and liquidated through various platforms.
“Please rest assured that all other cold wallets are secure,” Ben Zhou, CEO of Bybit, posted on X. “All withdrawals are NORMAL.”
Blockchain analysis firms, including Elliptic and Arkham Intelligence, traced the stolen crypto as it was moved to various accounts and swiftly offloaded. The hack far surpasses previous thefts in the sector, according to Elliptic. That includes the $611 million stolen from Poly Network in 2021 and the $570 million drained from Binance in 2022.
Analysts at Elliptic later linked the attack to North Korea’s Lazarus Group, a state-sponsored hacking collective notorious for siphoning billions of dollars from the cryptocurrency industry. The group is known for exploiting security vulnerabilities to finance North Korea’s regime, often using sophisticated laundering methods to obscure the flow of funds.
“We’ve labelled the thief’s addresses in our software, to help to prevent these funds from being cashed-out through any other exchanges,” said Tom Robinson, chief scientist at Elliptic, in an email.
The breach immediately triggered a rush of withdrawals from Bybit as users feared potential insolvency. Zhou said outflows had stabilized. To reassure customers, he announced that Bybit had secured a bridge loan from undisclosed partners to cover any unrecoverable losses and maintain operations.
Hackers steal $1.5 billion from exchange Bybit in biggest-ever crypto heist.
Bybit, a major cryptocurrency exchange, has been hacked to the tune of $1.5 billion in digital assets, in what’s estimated to be the largest crypto heist in history.
The attack compromised Bybit’s cold wallet, an offline storage system designed for security. The stolen funds, primarily in ether
, were quickly transferred across multiple wallets and liquidated through various platforms.
“Please rest assured that all other cold wallets are secure,” Ben Zhou, CEO of Bybit, posted on X. “All withdrawals are NORMAL.”
Blockchain analysis firms, including Elliptic and Arkham Intelligence, traced the stolen crypto as it was moved to various accounts and swiftly offloaded. The hack far surpasses previous thefts in the sector, according to Elliptic. That includes the $611 million stolen from Poly Network in 2021 and the $570 million drained from Binance in 2022.
Analysts at Elliptic later linked the attack to North Korea’s Lazarus Group, a state-sponsored hacking collective notorious for siphoning billions of dollars from the cryptocurrency industry. The group is known for exploiting security vulnerabilities to finance North Korea’s regime, often using sophisticated laundering methods to obscure the flow of funds.
“We’ve labelled the thief’s addresses in our software, to help to prevent these funds from being cashed-out through any other exchanges,” said Tom Robinson, chief scientist at Elliptic, in an email.
The breach immediately triggered a rush of withdrawals from Bybit as users feared potential insolvency. Zhou said outflows had stabilized. To reassure customers, he announced that Bybit had secured a bridge loan from undisclosed partners to cover any unrecoverable losses and maintain operations.
#CryptonewsSEC
SEC acknowledges slew of crypto ETF filings as reviews, approvals accelerate
The regulator is seeking comment on filings covering crypto staking, options and altcoin ETFs, among others.
The US Securities and Exchange Commission has acknowledged some half a dozen exchange filings related to cryptocurrency exchange-traded funds (ETFs) in the past two days, according to Feb. 19 and Feb. 20 regulatory submissions.
The filings, submitted by securities exchanges Nasdaq ISE and Cboe BZX, address proposed rule changes for crypto ETFs concerning staking, options, in-kind redemptions and new types of altcoin funds, the documents show.
The SEC’s acknowledgments highlight how the agency has softened its stance on crypto since US President Donald Trump started his second term on Jan. 20. Consequently, two crypto index ETFs launched in February and analysts expect more ETF approvals to follow in 2025.
SEC acknowledges slew of crypto ETF filings as reviews, approvals accelerate
The regulator is seeking comment on filings covering crypto staking, options and altcoin ETFs, among others.
The US Securities and Exchange Commission has acknowledged some half a dozen exchange filings related to cryptocurrency exchange-traded funds (ETFs) in the past two days, according to Feb. 19 and Feb. 20 regulatory submissions.
The filings, submitted by securities exchanges Nasdaq ISE and Cboe BZX, address proposed rule changes for crypto ETFs concerning staking, options, in-kind redemptions and new types of altcoin funds, the documents show.
The SEC’s acknowledgments highlight how the agency has softened its stance on crypto since US President Donald Trump started his second term on Jan. 20. Consequently, two crypto index ETFs launched in February and analysts expect more ETF approvals to follow in 2025.
#SECnews
SEC Launches New Crypto Crime Fighting Unit
The regulator is taking a new approach to the digital asset industry under the Trump Administration.
The Securities and Exchange Commission is launching a new organization tasked with combatting crypto-related crime.
In a Thursday announcement, Wall Street’s top regulator said the new Cyber and Emerging Technologies Unit will work with the SEC’s crypto task force to “root out those seeking to misuse innovation to harm investors and diminish confidence in new technologies.”
It will replace the Crypto Assets and Cyber Unit and will be made up of around 30 fraud specialists and lawyers from across the SEC, the statement noted. SEC attorney Laura D’Allaird will lead the new unit.
Back in 2020, D'Allaird was one of the attorneys who worked on the SEC's case against messaging service Kik Interactive, which the SEC alleged offered its Kin digital tokens in violation of the federal Securities Act.
Back in 2017, Kik sold $50 million in Kin tokens as part of a private pre-sale to 50 investors. As part of this “Simple Agreement for Future Tokens,” or SAFT, investors understood they were getting in at a discount. They explicitly agreed that they were buying a security.
Now, D'Allaird's new crypto unit will work with the regulator's new crypto task force dedicated to working on digital asset regulation. Under the Biden Administration, the SEC cracked down hard on the space as its former Chair Gary Gensler repeatedly said that the vast majority of digital assets fell under the definition of a security.
But following the election of Republican President Donald Trump—a far more crypto-friendly candidate—the regulator has said it wants to take a different approach to overseeing the industry.
Acting SEC Chairman Mark T. Uyeda said in Thursday’s statement that “the [Cyber and Emerging Technologies Unit] will not only protect investors, but will also facilitate capital formation and market efficiency by clearing the way for innovation to grow.”
SEC Launches New Crypto Crime Fighting Unit
The regulator is taking a new approach to the digital asset industry under the Trump Administration.
The Securities and Exchange Commission is launching a new organization tasked with combatting crypto-related crime.
In a Thursday announcement, Wall Street’s top regulator said the new Cyber and Emerging Technologies Unit will work with the SEC’s crypto task force to “root out those seeking to misuse innovation to harm investors and diminish confidence in new technologies.”
It will replace the Crypto Assets and Cyber Unit and will be made up of around 30 fraud specialists and lawyers from across the SEC, the statement noted. SEC attorney Laura D’Allaird will lead the new unit.
Back in 2020, D'Allaird was one of the attorneys who worked on the SEC's case against messaging service Kik Interactive, which the SEC alleged offered its Kin digital tokens in violation of the federal Securities Act.
Back in 2017, Kik sold $50 million in Kin tokens as part of a private pre-sale to 50 investors. As part of this “Simple Agreement for Future Tokens,” or SAFT, investors understood they were getting in at a discount. They explicitly agreed that they were buying a security.
Now, D'Allaird's new crypto unit will work with the regulator's new crypto task force dedicated to working on digital asset regulation. Under the Biden Administration, the SEC cracked down hard on the space as its former Chair Gary Gensler repeatedly said that the vast majority of digital assets fell under the definition of a security.
But following the election of Republican President Donald Trump—a far more crypto-friendly candidate—the regulator has said it wants to take a different approach to overseeing the industry.
Acting SEC Chairman Mark T. Uyeda said in Thursday’s statement that “the [Cyber and Emerging Technologies Unit] will not only protect investors, but will also facilitate capital formation and market efficiency by clearing the way for innovation to grow.”
#GOLD
Here is what you need to know on Thursday, February 20:
While major currency pairs are having a tough time making a decisive move in either direction, Gold extends its uptrend to a new record-high on Thursday. The US economic calendar will feature the weekly Initial Jobless Claims report and the European Commission will publish the preliminary Consumer Confidence Index data for February. Later in the American session, several Federal Reserve (Fed) policymakers will be delivering speeches.
The minutes of the Fed's January policy meeting showed on Wednesday that officials debated whether it might be wise to slow or even pause the reduction of their balance sheet holdings, given that renewed concerns over the federal debt ceiling have come back into play. Meanwhile, US President Donald Trump noted that it could be possible to make a new trade deal with China. These comments failed to trigger a noticeable market reaction and Wall Street's main indexes ended the day marginally higher. Early Thursday, US stock index futures trade in negative territory and the US Dollar Index holds steady near 107.00 after posting small gains for two consecutive days
Here is what you need to know on Thursday, February 20:
While major currency pairs are having a tough time making a decisive move in either direction, Gold extends its uptrend to a new record-high on Thursday. The US economic calendar will feature the weekly Initial Jobless Claims report and the European Commission will publish the preliminary Consumer Confidence Index data for February. Later in the American session, several Federal Reserve (Fed) policymakers will be delivering speeches.
The minutes of the Fed's January policy meeting showed on Wednesday that officials debated whether it might be wise to slow or even pause the reduction of their balance sheet holdings, given that renewed concerns over the federal debt ceiling have come back into play. Meanwhile, US President Donald Trump noted that it could be possible to make a new trade deal with China. These comments failed to trigger a noticeable market reaction and Wall Street's main indexes ended the day marginally higher. Early Thursday, US stock index futures trade in negative territory and the US Dollar Index holds steady near 107.00 after posting small gains for two consecutive days
#News
AliExpress to Expand Local Currency Payments in Ethiopia and Beyond.
AliExpress, the global e-commerce platform owned by Alibaba, is set to expand its local currency payment options across several African countries, including Ethiopia, Nigeria, Kenya, South Africa, and Egypt, by February 24. This initiative is designed to enhance accessibility and convenience for African consumers, eliminating the reliance on international payment methods such as credit cards and foreign currency exchanges.
By allowing transactions in local currencies, AliExpress aims to address one of the biggest barriers to online shopping in Africa—limited access to international payment systems. Many African consumers face difficulties making purchases online due to restrictions on foreign currency usage and a low penetration of global banking services. This expansion is expected to encourage more customers to shop on the platform, driving e-commerce adoption across the continent.
AliExpress to Expand Local Currency Payments in Ethiopia and Beyond.
AliExpress, the global e-commerce platform owned by Alibaba, is set to expand its local currency payment options across several African countries, including Ethiopia, Nigeria, Kenya, South Africa, and Egypt, by February 24. This initiative is designed to enhance accessibility and convenience for African consumers, eliminating the reliance on international payment methods such as credit cards and foreign currency exchanges.
By allowing transactions in local currencies, AliExpress aims to address one of the biggest barriers to online shopping in Africa—limited access to international payment systems. Many African consumers face difficulties making purchases online due to restrictions on foreign currency usage and a low penetration of global banking services. This expansion is expected to encourage more customers to shop on the platform, driving e-commerce adoption across the continent.
#BRICS
BRICS: 2 Countries Ditch US Dollar, Settle 90% Trade in Local Currency.
BRICS members are advancing the de-dollarization agenda by using local currencies for cross-border transactions and not the US dollar. The alliance is aiming to reduce dependency on the greenback and dim its prospects in the currency markets. The bloc has been successful in pulling out many trade deals where national currencies take first precedence.
According to reports, the two BRICS members India and Russia settled trade worth $64.5 billion in 2024 in local currencies and not the US dollar. The supply of Indian goods to Russia was up by 23.3% last year. India is among the fourth biggest trade partners with Russia and both the countries are pushing the de-dollarization agenda.
BRICS: 2 Countries Ditch US Dollar, Settle 90% Trade in Local Currency.
BRICS members are advancing the de-dollarization agenda by using local currencies for cross-border transactions and not the US dollar. The alliance is aiming to reduce dependency on the greenback and dim its prospects in the currency markets. The bloc has been successful in pulling out many trade deals where national currencies take first precedence.
According to reports, the two BRICS members India and Russia settled trade worth $64.5 billion in 2024 in local currencies and not the US dollar. The supply of Indian goods to Russia was up by 23.3% last year. India is among the fourth biggest trade partners with Russia and both the countries are pushing the de-dollarization agenda.
#BNB
BNB Chain has one of the most diverse DeFi ecosystems across its layer-1 chain (BNB Smart Chain or BSC) and layer 2 (opBNB). BNB is your gateway to the BNB Chain DeFi ecosystem.
BNB, or Binance Coin, is a cryptocurrency that's used on the Binance cryptocurrency exchange. It was created in 2017 by Changpeng Zhao, also known as CZ.
How is BNB used?
Pay fees: BNB can be used to pay fees on the Binance exchange
Trade: BNB can be traded for other cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin
Payment method: BNB can be used to pay for products and services globally
Smart contracts: BNB can be used to execute smart contracts
Staking: BNB can be used for staking
BNB Smart Chain
BNB is the native token of the BNB Smart Chain (BSC), a blockchain that supports smart contracts and apps. The BSC uses a Proof of Staked Authority (PoSA) consensus mechanism to keep the network secure.
BNB Chain has one of the most diverse DeFi ecosystems across its layer-1 chain (BNB Smart Chain or BSC) and layer 2 (opBNB). BNB is your gateway to the BNB Chain DeFi ecosystem.
BNB, or Binance Coin, is a cryptocurrency that's used on the Binance cryptocurrency exchange. It was created in 2017 by Changpeng Zhao, also known as CZ.
How is BNB used?
Pay fees: BNB can be used to pay fees on the Binance exchange
Trade: BNB can be traded for other cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin
Payment method: BNB can be used to pay for products and services globally
Smart contracts: BNB can be used to execute smart contracts
Staking: BNB can be used for staking
BNB Smart Chain
BNB is the native token of the BNB Smart Chain (BSC), a blockchain that supports smart contracts and apps. The BSC uses a Proof of Staked Authority (PoSA) consensus mechanism to keep the network secure.
#Topicoftheday
Abu Dhabi wealth fund reveals $460 million Bitcoin purchase.
The race for wealth funds around the world to scoop up Bitcoin may finally be on.
Abu Dhabi’s sovereign wealth fund, Mubadala Investment Company, revealed itself to be the seventh largest holder of shares in BlackRock’s Bitcoin ETF, according to a new 13-F filing.
According to Abra founder and CEO Bill Barhydt, that could potentially trigger others to potentially increase allocations this quarter.
"Basically what they're saying is ... 'we accept Bitcoin as an asset,'" he told Coinage on Monday, speculating that other sovereign wealth funds could potentially follow suit. "I wouldn't be shocked if Norway and Singapore didn't also [buy Bitcoin.]"
Abu Dhabi wealth fund reveals $460 million Bitcoin purchase.
The race for wealth funds around the world to scoop up Bitcoin may finally be on.
Abu Dhabi’s sovereign wealth fund, Mubadala Investment Company, revealed itself to be the seventh largest holder of shares in BlackRock’s Bitcoin ETF, according to a new 13-F filing.
According to Abra founder and CEO Bill Barhydt, that could potentially trigger others to potentially increase allocations this quarter.
"Basically what they're saying is ... 'we accept Bitcoin as an asset,'" he told Coinage on Monday, speculating that other sovereign wealth funds could potentially follow suit. "I wouldn't be shocked if Norway and Singapore didn't also [buy Bitcoin.]"
#World
El Salvador’s Bitcoin Experiment Ends: What It Means for Crypto Policy.
El Salvador was the first country to adopt Bitcoin as legal tender, inspiring crypto enthusiasts worldwide. But three years later, parliament has repealed the law. The reasons behind this reversal—and its implications for Switzerland’s own Bitcoin debate—are worth examining.
Ambitious visions were abundant. El Salvador’s President Nayib Bukele promised his people financial freedom through Bitcoin. He envisioned a Bitcoin City, where crypto firms from around the world would establish themselves and mine digital currency.
The government even announced the world’s first Bitcoin sovereign bond. Bukele was heavily invested in Bitcoin’s success: According to the «NZZ» (paywalled article), he allocated $200 million in taxpayer money to the initiative—a staggering amount for a country on the brink of default.
Parliament Reverses the Decision
El Salvador was the first country in the world to declare Bitcoin an official currency in 2021—despite opposition from the International Monetary Fund (IMF). The move turned the nation into a showcase for Bitcoin proponents. Even in Switzerland, some crypto advocates frequently pointed to El Salvador as a pioneering project.
However, the country’s parliament has now pulled the plug, repealing the law. Bitcoin is no longer official legal tender.
Notably, the decision came just one day before a major international Bitcoin conference in San Salvador at the end of January.
El Salvador’s Bitcoin Experiment Ends: What It Means for Crypto Policy.
El Salvador was the first country to adopt Bitcoin as legal tender, inspiring crypto enthusiasts worldwide. But three years later, parliament has repealed the law. The reasons behind this reversal—and its implications for Switzerland’s own Bitcoin debate—are worth examining.
Ambitious visions were abundant. El Salvador’s President Nayib Bukele promised his people financial freedom through Bitcoin. He envisioned a Bitcoin City, where crypto firms from around the world would establish themselves and mine digital currency.
The government even announced the world’s first Bitcoin sovereign bond. Bukele was heavily invested in Bitcoin’s success: According to the «NZZ» (paywalled article), he allocated $200 million in taxpayer money to the initiative—a staggering amount for a country on the brink of default.
Parliament Reverses the Decision
El Salvador was the first country in the world to declare Bitcoin an official currency in 2021—despite opposition from the International Monetary Fund (IMF). The move turned the nation into a showcase for Bitcoin proponents. Even in Switzerland, some crypto advocates frequently pointed to El Salvador as a pioneering project.
However, the country’s parliament has now pulled the plug, repealing the law. Bitcoin is no longer official legal tender.
Notably, the decision came just one day before a major international Bitcoin conference in San Salvador at the end of January.
#CryptoNews
Bitcoin Drops Below $95K as Solana, XRP and Dogecoin Keep Falling
Bitcoin has fallen to its lowest price in weeks as Solana continues to bleed amid the LIBRA controversy, plus other top coins dip.
Crypto markets are in the red on Tuesday as Bitcoin dipped below $95,000 to hit its lowest price in weeks, while other major assets like Solana, Dogecoin, XRP, and BNB are leading losses among the top 10 coins.
Bitcoin is currently priced at $94,202, and while the 1.5% daily drop and more than 2% weekly dip aren't massive swings, it does mark the lowest price seen for the coin since February 3, per data from CoinGecko.
BTC's modest decline comes as other major coins are falling much harder—notably Solana, the chain behind the controversial launch of the LIBRA meme coin, which Argentine President Javier Milei promoted on X (formerly Twitter) last Friday.
Bitcoin Drops Below $95K as Solana, XRP and Dogecoin Keep Falling
Bitcoin has fallen to its lowest price in weeks as Solana continues to bleed amid the LIBRA controversy, plus other top coins dip.
Crypto markets are in the red on Tuesday as Bitcoin dipped below $95,000 to hit its lowest price in weeks, while other major assets like Solana, Dogecoin, XRP, and BNB are leading losses among the top 10 coins.
Bitcoin is currently priced at $94,202, and while the 1.5% daily drop and more than 2% weekly dip aren't massive swings, it does mark the lowest price seen for the coin since February 3, per data from CoinGecko.
BTC's modest decline comes as other major coins are falling much harder—notably Solana, the chain behind the controversial launch of the LIBRA meme coin, which Argentine President Javier Milei promoted on X (formerly Twitter) last Friday.
#CryptoNEWS
Standard Chartered, HKT, Animoca to form JV for HK dollar-backed stable coin.
Feb 17 (Reuters) - Standard Chartered Plc (STAN.L), opens new tab, (2888.HK), opens new tab said on Monday its Hong Kong banking division, Animoca Brands and HKT (6823.HK), opens new tab will establish a joint venture to apply for a license from the Hong Kong Monetary Authority for issuance of a Hong Kong dollar-backed stablecoin.
Standard Chartered said it has entered agreements with Animoca Brands, a company which specialises in Web3 for leveraging blockchains, and HKT, a major telecommunications service provider in Hong Kong, in order to "enable the JV to tap into crypto-native opportunities" and "enhance both domestic and cross-border payments", according to its statement.
StanChart said it looks forward to becoming one of the first issuers launching an HKD-backed stablecoin with its strategic partners, according to Mary Huen, Chief Executive Officer of the bank's Hong Kong and Greater China & North Asia division.
Standard Chartered, HKT, Animoca to form JV for HK dollar-backed stable coin.
Feb 17 (Reuters) - Standard Chartered Plc (STAN.L), opens new tab, (2888.HK), opens new tab said on Monday its Hong Kong banking division, Animoca Brands and HKT (6823.HK), opens new tab will establish a joint venture to apply for a license from the Hong Kong Monetary Authority for issuance of a Hong Kong dollar-backed stablecoin.
Standard Chartered said it has entered agreements with Animoca Brands, a company which specialises in Web3 for leveraging blockchains, and HKT, a major telecommunications service provider in Hong Kong, in order to "enable the JV to tap into crypto-native opportunities" and "enhance both domestic and cross-border payments", according to its statement.
StanChart said it looks forward to becoming one of the first issuers launching an HKD-backed stablecoin with its strategic partners, according to Mary Huen, Chief Executive Officer of the bank's Hong Kong and Greater China & North Asia division.
Forex trading News
#Forex
Forex Today: US Dollar consolidates losses, markets await comments from Fed officials.
Here is what you need to know on Monday, February 17:
Major currency pairs trade near the previous week's closing levels on Monday as trading conditions remain thin, with financial markets in the US remaining closed in observance of the Presidents' Day holiday. The economic calendar will not offer any high-tier data releases but investors will pay close attention to comments from Federal Reserve (Fe
Forex Today: US Dollar consolidates losses, markets await comments from Fed officials.
Here is what you need to know on Monday, February 17:
Major currency pairs trade near the previous week's closing levels on Monday as trading conditions remain thin, with financial markets in the US remaining closed in observance of the Presidents' Day holiday. The economic calendar will not offer any high-tier data releases but investors will pay close attention to comments from Federal Reserve (Fe
#Bitcoin
Banking Giant JPMorgan Chase Holds $1,016,728 in Bitcoin and Ethereum ETFs, According to New SEC Filing.
Financial Services titan JPMorgan Chase is holding over $1 million worth of shares in Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs).
According to a new filing with the U.S. Securities and Exchange Commission (SEC), JPMorgan currently holds just over $984,000 worth of Bitcoin-based ETFs and $32,300 worth of ETFs based on Ethereum, the second-largest digital asset by market cap.
The data reveals the notable ETFs the banking giant holds, including more than $523,000 worth of the ProShares Bitcoin ETF (BITO), about $290,000 worth of BlackRock’s iShares Bitcoin Trust ETF (IBIT), $68,000 worth of the Bitwise Bitcoin ETF (BITB), $55,000 worth of Fidelity Wise Origin Bitcoin (FBTC) and $37,000 worth of the Grayscale Bitcoin Trust ETF (GBTC).
In terms of Ethereum, JPMorgan holds $23,800 worth of the Grayscale Ethereum Trust ETF (ETHE), $6,200 worth of the iShares Ethereum Trust ETF (ETHA), $2,100 worth of the Fidelity Ethereum Fund (FETH), and $102 worth of the Grayscale Ethereum Mini Trust ETF (ETH).
ETFs based around the top two crypto assets – which allow investors to expose themselves to BTC and ETH without having to actually purchase them – were approved by the SEC in 2024 after years of being denied.
In May 2024, filings with the SEC revealed that JPMorgan held $760,000 worth of spot market BTC ETFs on behalf of its clients, marking an increase of over $220,000.
Banking Giant JPMorgan Chase Holds $1,016,728 in Bitcoin and Ethereum ETFs, According to New SEC Filing.
Financial Services titan JPMorgan Chase is holding over $1 million worth of shares in Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs).
According to a new filing with the U.S. Securities and Exchange Commission (SEC), JPMorgan currently holds just over $984,000 worth of Bitcoin-based ETFs and $32,300 worth of ETFs based on Ethereum, the second-largest digital asset by market cap.
The data reveals the notable ETFs the banking giant holds, including more than $523,000 worth of the ProShares Bitcoin ETF (BITO), about $290,000 worth of BlackRock’s iShares Bitcoin Trust ETF (IBIT), $68,000 worth of the Bitwise Bitcoin ETF (BITB), $55,000 worth of Fidelity Wise Origin Bitcoin (FBTC) and $37,000 worth of the Grayscale Bitcoin Trust ETF (GBTC).
In terms of Ethereum, JPMorgan holds $23,800 worth of the Grayscale Ethereum Trust ETF (ETHE), $6,200 worth of the iShares Ethereum Trust ETF (ETHA), $2,100 worth of the Fidelity Ethereum Fund (FETH), and $102 worth of the Grayscale Ethereum Mini Trust ETF (ETH).
ETFs based around the top two crypto assets – which allow investors to expose themselves to BTC and ETH without having to actually purchase them – were approved by the SEC in 2024 after years of being denied.
In May 2024, filings with the SEC revealed that JPMorgan held $760,000 worth of spot market BTC ETFs on behalf of its clients, marking an increase of over $220,000.
#DonaldTrump
With Trump all-in on crypto, bitcoin bulls bet the trillions in cash on America’s corporate balance sheets are next.
Last week, White House crypto czar David Sacks held his first press conference to discuss the future of crypto policy coming out of the Trump administration.
While that will include stablecoin legislation and digital asset regulation, Sacks told CNBC that a top agenda idea is also evaluating “whether it’s feasible to create either a bitcoin reserve or some sort of digital asset stockpile.”
But will the momentum around bitcoin and other cryptocurrencies carry over to corporate America more broadly, appearing on balance sheets?
To date, companies with exposure to bitcoin
in their business operations have been the first movers in this space, in many cases, to show their support and buy-in to the industry. According to the bitcoin tracking website Bitcointreasuries, 79 public companies currently hold bitcoin, with some of the largest holders being companies like Riot Platforms
, Coinbase
and Block
.
On Thursday, CNBC reported that GameStop, which was among the most-popular investments during the meme stock frenzy of Covid that also raised the profile of many digital currencies, might invest in crypto for its corporate balance sheet.
Strategy
, the company formerly known as MicroStrategy, and its co-founder, Michael Saylor, have been the champion of this approach as the largest corporate holder of bitcoin. On its third-quarter earnings call earlier this month, the company said it holds 471,107 bitcoins on its balance sheet, about 2% of the total supply and worth roughly $45.2 billion.
Also on the list of crypto industry companies holding bitcoin on the balance sheet is Moonpay, a venture-backed financial technology company that builds payments infrastructure for crypto. The company has added bitcoin to its balance sheet equal to 5% of its operational cash, according to CEO Ivan Soto-Wright.
With Trump all-in on crypto, bitcoin bulls bet the trillions in cash on America’s corporate balance sheets are next.
Last week, White House crypto czar David Sacks held his first press conference to discuss the future of crypto policy coming out of the Trump administration.
While that will include stablecoin legislation and digital asset regulation, Sacks told CNBC that a top agenda idea is also evaluating “whether it’s feasible to create either a bitcoin reserve or some sort of digital asset stockpile.”
But will the momentum around bitcoin and other cryptocurrencies carry over to corporate America more broadly, appearing on balance sheets?
To date, companies with exposure to bitcoin
in their business operations have been the first movers in this space, in many cases, to show their support and buy-in to the industry. According to the bitcoin tracking website Bitcointreasuries, 79 public companies currently hold bitcoin, with some of the largest holders being companies like Riot Platforms
, Coinbase
and Block
.
On Thursday, CNBC reported that GameStop, which was among the most-popular investments during the meme stock frenzy of Covid that also raised the profile of many digital currencies, might invest in crypto for its corporate balance sheet.
Strategy
, the company formerly known as MicroStrategy, and its co-founder, Michael Saylor, have been the champion of this approach as the largest corporate holder of bitcoin. On its third-quarter earnings call earlier this month, the company said it holds 471,107 bitcoins on its balance sheet, about 2% of the total supply and worth roughly $45.2 billion.
Also on the list of crypto industry companies holding bitcoin on the balance sheet is Moonpay, a venture-backed financial technology company that builds payments infrastructure for crypto. The company has added bitcoin to its balance sheet equal to 5% of its operational cash, according to CEO Ivan Soto-Wright.
🤑🤑🤑
Billionaire Paul Tudor Jones Pours $445,000,000 Into Single Asset, New SEC Filings Show.
Billionaire hedge fund manager Paul Tudor Jones is pouring hundreds of millions of dollars into one of the hottest ETFs on the market.
New SEC filings show Jones has nearly doubled his fund’s stake in BlackRock’s Bitcoin ETF, from 4,428,230 shares to 8,048,552 shares.
After huge buys in the last two quarters, Tudor Investment Corporation has now allocated about $445 million to the BlackRock iShares Bitcoin Trust (IBIT).
Late last year, Jones touted Bitcoin as a hedge against inflation and poor fiscal management from the government.
“I think all roads lead to inflation. I’m long gold, I’m long Bitcoin, I think commodities are so ridiculously under-owned.”
The BlackRock iShares Bitcoin Trust (IBIT) currently manages 583,122 BTC on behalf of its clients, valued at $56.86 billion at time of publishing.
Billionaire Paul Tudor Jones Pours $445,000,000 Into Single Asset, New SEC Filings Show.
Billionaire hedge fund manager Paul Tudor Jones is pouring hundreds of millions of dollars into one of the hottest ETFs on the market.
New SEC filings show Jones has nearly doubled his fund’s stake in BlackRock’s Bitcoin ETF, from 4,428,230 shares to 8,048,552 shares.
After huge buys in the last two quarters, Tudor Investment Corporation has now allocated about $445 million to the BlackRock iShares Bitcoin Trust (IBIT).
Late last year, Jones touted Bitcoin as a hedge against inflation and poor fiscal management from the government.
“I think all roads lead to inflation. I’m long gold, I’m long Bitcoin, I think commodities are so ridiculously under-owned.”
The BlackRock iShares Bitcoin Trust (IBIT) currently manages 583,122 BTC on behalf of its clients, valued at $56.86 billion at time of publishing.
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