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@eth3

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⛏️#BTC A solo miner successfully mined a Bitcoin block using equipment worth up to $300. An unknown lucky miner mined block #887212 using a home setup from Bitaxe (priced between $150 and $300) with a hash rate of 480 GH/s. For comparison, this is only 1/27th of the hash rate of an old Antminer S9 from Bitmain. The miner earned 3.17 BTC (about $246,501, including fees). According to CKPool administrator Con Kolivas, the chance of mining a block with such power is less than 1 in a million.
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💲#Crypto Arthur Hayes stated that BTC may bottom out around $70,000, representing a 36% correction from its all-time high of $110,000, which he considers normal in a bull market. Previously, Hayes predicted that Bitcoin would first drop to the $70,000–$75,000 range before rallying to $250,000 by the end of the year, with a long-term target of $1 million.
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📉#Crypto The Trump family project WLFI's portfolio has incurred a total loss of $110 million. Of the $336 million in funds used to purchase nine cryptocurrencies, the current portfolio value stands at approximately $226 million. ETH makes up 65% of the holdings and is the asset with the largest loss. The average purchase price of ETH was $3,240, while its current price is only $2,000.
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😎#USDe On March 1, Ethena's stablecoin USDe saw its largest single-day redemption in history, totaling approximately $268 million, leading to a 4.7% decline in total USDe supply. The biggest redeemers were addresses 0x59...705d ($180 million) and Sky ($70 million).
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🧬#SOL Solana co-founder Toly expressed support for the SIMD-0228 proposal, which introduces a market-driven mechanism to adjust the total issuance rate based on the staking participation rate using a static curve. Previously, Finality Capital partner David Grider noted that high staking returns negatively impact DeFi yields, increase inflation-driven selling pressure, and reduce ETF demand due to staking rewards.
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I just collected "Farcaster: Lion" GN
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🇺🇸#Crypto The SEC-established Crypto Task Force plans to hold a series of roundtables with representatives of the cryptocurrency industry. The first of five meetings is scheduled for March 21, focusing on the topic of "determining security status."
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"Club Coin" Joining the waitlist for @faragent 👀
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👾#Crypto Bybit secured a loan from partners to cover 80% of the liquidity shortfall in ETH due to the stolen funds. Ben Zhou clarified that all users wishing to withdraw cryptocurrencies from the exchange can do so. However, due to the accumulation of requests, the process may take longer.
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🚾#FTX In a recent interview, Sam Bankman-Fried stated that FTX was never actually bankrupt but instead faced a liquidity crisis. He argued that the exchange had sufficient assets to repay all customers at the time, but the sudden liquidity crunch triggered market panic, making it impossible to quickly convert assets into cash.
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📉#LIBRA Approximately 75,000 users suffered losses in $LIBRA trades, with total losses estimated at around $286 million.
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🦄#UNI Uniswap Labs has launched the Unichain mainnet, a Layer 2 network, enabling users and developers to build and utilize the DeFi application and tool ecosystem on Unichain. Nearly 100 cryptocurrency protocols, including Uniswap, Circle, Coinbase, Lido, and Morpho, have confirmed their participation in the network.
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🇺🇸#Crypto Mike Novogratz, the founder and CEO of Galaxy Digital, has expressed optimism about the future of cryptocurrency companies listing on major U.S. exchanges. He anticipates that with the new leadership at the SEC, a significant number of cryptocurrency companies will be listed on the NYSE or Nasdaq by May or June of this year. Additionally, Novogratz predicts that Bitcoin will appear on the U.S. government's balance sheet within the next six months.
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😂#Crypto Bad news: 98% of FTX users will receive compensation based on the price of BTC at $20,000. Good news: If you have 1 ETH on FTX, you will receive the same $2,500 as it was in 2022.
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🧠#AI Saudi Arabia has allocated $14.9 billion for the development of AI through global technology partnerships, including Google, Lenovo, and Alibaba.
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🔹#ETH Ethereum developers have scheduled test dates for the Pectra upgrade, the network’s first in 11 months, aimed at enhancing wallets and validators. Testing will start on the Holesky testnet on February 26, followed by the Sepolia testnet on March 5. If successful, the mainnet upgrade is expected in early April.
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🇺🇸#Crypto The U.S. SEC is downsizing a specialized unit of over 50 lawyers and staff members focused on cryptocurrency enforcement, making it the first concrete regulatory shift under the Trump administration regarding digital assets. Some members have been reassigned to other departments, with certain key reassignments perceived as unfair demotions.
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🚾#FTX Sunil, a representative of FTX creditors, announced that repayments for creditors with claims under $50,000 will begin at 10:00 a.m. Eastern Time on February 18, 2025. Once payments are completed, all related claims will be considered settled and canceled.
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🟠#BTC As of now, bills proposing the creation of a strategic BTC reserve have been introduced in 19 U.S. states (up from 11 at the end of January).
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💵#USDT Tether released its 2024 financial report, revealing a net profit of over $13 billion for the year. The company’s direct and indirect holdings of U.S. Treasury bonds totaled $113 billion, while the USDT issuance increased by a cumulative $45 billion in 2024.
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