FTX Lawyers Will Take Over Binance BlackRock IBIT Bitcoin Has Nearly 110,000

Headlines

▌Former FTX law firm prepares to be appointed as Binance independent monitor

Law firm Sullivan& Cromwell is preparing to be appointed as Binance’s independent monitor, and the law firm Sullivan & Cromwell was handling FTX’s bankruptcy case.

▌BlackRock holds nearly 110,000 IBIT Bitcoins

The asset management company BlackRock disclosed that as of February 14, its spot Bitcoin Bitcoin ETF Ishares Bitcoin Trust (IBIT) holds 109,609 Bitcoins and $109,955 in cash, equivalent to net assets of approximately $5,453,917,345.

Quotes

As of press time, according to coinmarketcap data:

The recent transaction price of BTC was 51,977.94 US dollars, with fluctuations during the day. Frame+0.09%;

ETH Recent The transaction price was US$2844.75, with an intraday increase or decrease of +2.15%;< /p>

BNB’s recent transaction price was US$356.77, with intraday changes +6.37%;

ORDI’s recent transaction price was US$69.49, with an intraday increase or decrease-2.60%;

The recent transaction price of DOGE was US$0.08573, with intraday gains and losses-2.19%;

SOL’s recent transaction price was US$113.15, with intraday gains and losses-2.82%;

ALT’s recent transaction price was US$0.3858, intraday increase or decrease< strong>-4.55%.

Policy

▌U.S. Senator Elizabeth Warren does not seem to be changing her original views against Bitcoin so quickly

A stunt by Bitcoin supporters led people to believe that U.S. Senator Elizabeth Warren, a staunch opponent of cryptocurrencies, had signed an order to fly a flag over the U.S. Capitol in honor of Satoshi Nakamoto. Warren, a Massachusetts Democrat who is typically opposed to the blockchain industry, does not appear to have suddenly changed her mind about Bitcoin. Warren has been one of the fiercest critics of blockchain in the Senate, spearheading bills such as last year’s Digital Asset Anti-Money Laundering Act, which aimed to restrict financial institutions from using Bitcoin and other cryptocurrencies to trade. So it came as a surprise given the senator's anti-Bitcoin record that this week she appeared to sign an official order to fly a flag over the U.S. Capitol in honor of pseudonymous Bitcoin creator Satoshi Nakamoto. However, this development appears to be nothing more than a clever stunt by Bitcoin supporters, and while some liberal commentators celebrated Warren’s “endorsement,” social media sleuths were quick to point out that anyone can Fill out a form on the senator's website to pay to have a flag flown over the U.S. Capitol and receive a certificate signed by the senator.

Blockchain Applications

▌deBridge CEO: Security has always been a very challenging aspect in the cross-chain field Aspects

deBridge CEO Alex Smirnov said: Security has always been a very challenging aspect of the cross-chain space because of major hacks and exploits in bridge protocols.

▌Sports betting platform Shuffle announces token distribution plan

Sports betting platform Shuffle announces key details of token SHFL distribution plan, SHFL token generation and The airdrop event will take place in the first week of March, but the specific date has not yet been announced. The first airdrop will account for 10% of the total token supply, and there will be two more airdrops in the next few years, accounting for 9% of the total token supply.

▌Blueprint Finance receives US$7.5 million in financing

Blueprint Finance announced that it will raise funds from Tribe Capital, Hashed, Portal Ventures, SALT and other native cryptocurrency investors received US$7.5 million in funding to solve the liquidation problem of cryptocurrency. According to the team: Blueprint’s flagship product is Concrete Protocol, an application chain built specifically for on-chain debt and credit.

▌Web3 development platform QuickNode adds support for ZkSync Hyperchains

Web3 development platform QuickNode adds support for ZkSync Hyperchains, the QuickNode team said, provided by ZKStack Supported Hyperchains ensure strong data privacy, ideal for enterprise use cases while maintaining compliance. They run in parallel with the zkSync mainnet, enabling seamless asset bridging and liquidity. With QuickNode processing infrastructure, enterprises can focus on creating plug-and-play blockchain applications.

▌The self-hosted wallet Vault launched by Web3 financial platform Uphold completed the two-month testing phase

The assisted self-hosted wallet Vault launched by global Web3 financial platform Uphold Managed wallet Vault completes its two-month testing phase. According to the team, during the previous testing phase, the asset trading volume of beta users reached US$33 million. After careful community feedback sessions, the Uphold team found that approximately 80% of surveyed users found Vault easy to understand and simple to use when moving and managing funds.

▌Web3 game data analysis provider Helika completed US$8 million in Series A financing

Helika is a data analysis and infrastructure company for traditional and Web3 games The provider, whose clients include Animoca Brands and Yuga Labs, announced the completion of an $8 million Series A funding round from Pantera, Animoca, Diagram and Sfermion.

Cryptocurrency

< strong>▌Since the launch of the spot Bitcoin ETF, gold ETFs have experienced large outflows of funds

Since the launch of 10 spot Bitcoin ETFs on January 11, gold ETFs have experienced large outflows of funds. Bitcoin ETFs have seen huge inflows, and the two largest ETFs have been open for just over a month, with assets under management approaching $10 billion. This does not necessarily mean that funds are leaving gold and moving into Bitcoin.

▌DMG partners with Sygnum Bank to provide credit facilities

Crypto Currency technology company DMG Blockchain has announced that it has entered into a partnership with Swiss bank Sygnum Bank as a strategic banking partner to provide a US$9 million (equivalent) credit line to enhance its anticipated upcoming Bitcoin discount in April 2024. half of its previous operational capabilities. The main use of the proceeds was to purchase 4,550 T21 190TH/s Bitcoin mining rigs from Bitmain Technologies for $12,103,000 ($14/TH/s).

▌View: The Bitcoin market is entering a period with signs of rebound before halving

Bitfinex derivatives director Jag Kooner said that Bitcoin’s current The market movement is consistent with the pre-halving rebound, a trend observed in previous Bitcoin cycles, and the Bitcoin market is entering a period with signs of a pre-halving rebound.

▌Coinbase’s $953.8 million revenue in Q4 2023 beat analyst expectations

Coinbase (COIN) Q4 2023 Earnings and Revenues Exceeding analysts’ expectations, the U.S.-based cryptocurrency exchange benefited from surging cryptocurrency prices. The company earned $1.04 per share, beating analysts' average estimate of $0.02 per share, according to FactSet data. Revenue of $953.8 million also beat analysts' forecasts of $826.1 million, the company said in a statement.

▌Fed Governor Waller: Stablecoins that rely on the US dollar can increase the global influence of the US dollar

Federal Reserve Governor Christopher Waller, one of the seven members of the Fed’s board of directors, said that so far, the cryptocurrency industry’s impact on the dollar appears to actually be helpful. As long as stablecoins are pegged to the U.S. dollar (which is currently the case for 99% of tokens), they will enhance the global strength of the U.S. dollar.

▌CryptoQuant: Bitcoin premium on Coinbase hits 9-month high

Bitcoin premium on Coinbase hits 9-month high, CryptoQuant data shows , indicating demand from U.S. investors. Markus Thielen of 10xResearch pointed out that the recent price increase to $52,000 mainly occurred during the US trading session, with smaller price increases during the Asian and European trading sessions.

▌JPMorgan Chase: U.S. authorities can control stablecoin issuers through OFAC

JPMorgan Chase said that although stablecoin issuance The person may not be a U.S. entity, but U.S. authorities can still exert a degree of control over stablecoin issuers through the Office of Foreign Assets Control (OFAC). The Tether CEO said JPMorgan’s concerns appear to be “more to do with jealousy over the development of financial and payment services.”

Spot Bitcoin ETFs are currently registered in 11 countries around the world, with the United States accounting for 83% of the global market.

Important economic developments

▌The probability that the Federal Reserve will keep interest rates unchanged in March is 89.5%

According to CME's "Fed Watch": the probability that the Federal Reserve will keep interest rates unchanged in the range of 5.25%-5.50% in March is 89.5%, and the probability of cutting interest rates by 25 basis points is 10.5%. The probability of keeping interest rates unchanged by May is 63.3%, the probability of a cumulative 25 basis point interest rate cut is 33.7%, and the probability of a cumulative 50 basis point interest rate cut is 3.1%.

▌U.S. stocks closed: the three major stock indexes collectively closed higher and blockchain concept stocks closed generally higher

U.S. stocks closed Thursday , the Dow Jones Industrial Average initially closed up 349 points or 0.91%, the S&P 500 Index rose 0.58%, and the Nasdaq Composite Index rose 0.3%. Blockchain concept stocks closed generally higher, with Coinbase (COIN.O) up 3.3%, Meta Platforms (META.O) up 2.27%, IBM (IBM.N) up 1.78%, and AMD (AMD.O) up 1.09% .

▌Nearly a year after the collapse of SVB, the Fed will test whether the banking sector can withstand stronger shocks

Fed Week IV unveiled stress test scenarios, the first annual tests since the collapse of Silicon Valley Bank (SVB) and Signature Bank last March. The collapse of Silicon Valley Bank and Signature Bank in March last year briefly raised concerns about the broader banking system. This year's core test will examine how banks respond to a nearly 6.5 percentage point rise in unemployment, to a peak of 10%. The Fed said this will be accompanied by severe market volatility and other problems, including a 40% drop in commercial real estate prices. Also new is that this year's test will also include four exploratory hits, rather than one-off hits like last year. Two of the assumed factors include funding stress, which would lead to a rapid repricing of much of the deposits at large banks. Other factors include two market shocks that only hit the largest and most complex banks. This year's tests will be held in the coming months, with results due in June.

Golden Encyclopedia

▌What is a miner?

In the cryptocurrency world, miners can be compared to gold diggers in the real world. They sift through the vast land in search of extremely rare and valuable gold nuggets - similarly, miners obtain the right to produce blocks through proof of work, add new blocks to the blockchain, and receive a considerable sum of money at the same time. rewards. Miners play a key role in blockchain networks, as they are responsible for validating new transactions and recording them on a globally distributed ledger, known as the blockchain. It is important to emphasize that miners are a type of full node, which means that they verify all the rules of the blockchain and only accept blocks that comply with these rules.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and not as actual investment advice. Please establish a correct investment philosophy and be sure to increase your risk awareness.