ellalo4bel

@ellalo4bel

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Trump’s order created a crypto working group led by White House AI and crypto czar David Sacks to come up with a legal framework for crypto and stablecoins, along with studying the possible creation of a national crypto stockpile.

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In a Feb. 17 post on the X social media platform, Stark explained why the SEC requested a 28-day extension to answer Coinbase’s petition asking for permission to appeal.

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In August 2024, the SEC of Nigeria issued its first license to a crypto exchange, which signaled the beginning of regulatory clarity and oversight for cryptocurrency in the African nation. Later, in September 2024, the SEC planned to start enforcement actions against unregulated exchanges — the catch being that there were only two regulated exchanges in the country at that time.

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The Treasurer of the State of North Carolina has $22 million worth of MSTR, while New Jersey’s Police and Firemen’s Retirement System and Common Pension Fund hold $26 million worth between them.

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Meanwhile, Argentine lawyer Agustín Rombolá, founder and associate of Rombola Mangione law firm, has filed a separate legal complaint about Milei promoting Libra.

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In other words, “Stick a fork in the SEC’s case against Coinbase, it’s done,” he said.

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According to data from blockchain intelligence firm Lookonchain, at least eight wallets linked to the Libra team quickly siphoned liquidity from the token, pocketing $57.6 million USD Coin and 249,671 Solana, worth $49.7 million at the time.

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The California Public Employees’ Retirement System is also heavy on Strategy stock, with 264,713 shares worth around $76 million, and it also has $79 million worth of Coinbase stock. The state retirement fund holds around $149 billion in investments.

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Retirement funds and treasuries in California, Florida, Wisconsin, and North Carolina have the most exposure to Strategy, observed Bitcoin analyst Julian Fahrer on Feb. 17.

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Twelve states in North America have reported holding Strategy, formerly MicroStrategy, stock in their state pension funds or treasury as of the end of 2024, totaling $330 million.

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Nigeria has been a leader in crypto adoption. According to Consensys’ 2024 Perception Survey, 84% of respondents in Nigeria said they owned a crypto wallet. In its Geography of Cryptocurrency Report published in October 2024, Chainalysis ranked the country No. 2 overall in global crypto adoption, highlighting the country’s appetite for decentralized finance.

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Chinese gaming firm Boyaa Interactive announced that it expects its net profit for 2024 to surge by as much as 640% to 680% compared to 2023, primarily due to gains from its Bitcoin holdings, according to a filing on Feb. 16.

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It noted that this was “primarily due to the digital assets value-added gain generated from the cryptocurrencies held by the group,” and the group’s holding of certain online operation activities and the continuous optimization of its gaming products.

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Bubblemaps analysts say they’re “highly confident” in new evidence that the Libra (LIBRA) memecoin has been launched by the same team responsible for Melania (MELANIA).

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In a Feb. 17 post to X, Bubblemaps analysts said new onchain evidence suggests the team that launched LIBRA, or someone close to them, were also the ones who likely launched the Melania token and were responsible for sniping both launches.

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The token’s controversial launch has already seen President Javier Milei face calls for his impeachment following the $107 million catastrophe.

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Bubblemaps pointed to a Solana wallet address, dubbed “0xcEA,” as responsible for sniping the launch of Melania Trump’s memecoin on Jan. 19 — earning $2.4 million in profits the move — quickly transferred the entirety of this sum to another wallet on Avalanche.

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@charlotte6lava

Several weeks later, the analytics firm noticed that the same 0xcEA wallet had funded the wallet address responsible for creating the LIBRA token.

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Another significant red flag for investors was that the token contract for the fake Saudi Arabia memecoin was launched onchain on Feb. 10, a week ahead of the announcement, on Solana-based memecoin launchpad Pump.fun.

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Additionally, Filipinos are also among the most prolific early adopters of artificial intelligence, with 86% of Filipino knowledge workers integrating AI into their workflows, it said.

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