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Jeevbhai
@jeevbhai
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1️⃣ Solana's new fee distribution mechanism has caused its annual inflation rate to surge by 30.5% since February 12. The daily SOL burn has dropped from nearly 18,000 to just 1,000 under Solana Improvement Proposal 96. Instead of burning, all priority fees are now allocated to validators,
2️⃣ Institutions significantly increased their holdings of spot BTC ETFs in Q4 2024, with SEC 13F filings revealing that institutional investments in these ETFs soared from $12.4 billion in Q3 to over $38.7 billion.
3️⃣ The cryptocurrency industry, led by the Blockchain Association and 75 major participants, including Coinbase and Kraken, has urged the U.S. Congress to repeal the IRS's new DeFi broker reporting rule.
4️⃣ Brazil has approved the world’s first spot XRP ETF, with Hashdex's Nasdaq XRP Index Fund set to be listed on the B3 exchange. While the official launch date is yet to be announced, 0 reply
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1️⃣ Ethereum ETF Hopes Boost Market Sentiment
TechFlow
Speculation around an Ethereum spot ETF approval has driven market optimism, with analysts predicting potential inflows similar to Bitcoin ETFs. Ethereum's price has seen a notable uptick, reflecting investor confidence.
2️⃣ Solana Network Surpasses 100 Million Active Wallets
AMBCrypto
Solana has crossed 100 million active wallets, marking a major milestone for the high-performance blockchain. The surge comes amid growing adoption in DeFi, NFTs, and gaming sectors.
3️⃣ MicroStrategy Acquires Additional 3,000 BTC
ChainCatcher
Michael Saylor’s MicroStrategy has added 3,000 BTC to its holdings, reinforcing its bullish stance on Bitcoin. The company's total BTC reserves now exceed 205,000 BTC.
4️⃣ Avalanche's AVAX Gains 15% After Major Partnership
Avalanche (AVAX) surged 15% following news of a strategic partnership with a leading Web3 gaming studio, signaling growing institutional and developer interest in the ecosystem. 0 reply
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1. Crypto Market Witnesses $146M in Liquidations Over 12 Hours 🚨 The crypto market saw $146M in total liquidations, with $114M in longs and $32.7M in shorts, according to Coinglass. BTC led with $32.73M in liquidations, followed by LAYER at $23.68M and ETH at $20.73M.
2️. MoonPay Secures $160M Loan Amid TRUMP Token Demand 💰 To meet the high demand for TRUMP token transactions, MoonPay secured a $160M loan from Galaxy Digital ($100M)
3. Coinbase’s Ethereum staking market share has dropped 3.8% over six months, with a net outflow of 1.29M ETH, per Kaiko. 📉 The decline follows reduced staking activity on Ethereum in Q4 2024.
4️. Brevis Launches Pico zkVM with Superior Performance ⚡ Brevis has unveiled Pico zkVM, boasting 70%-155% faster CPU benchmarks than RISC0, SP1, and OpenVM.
5. WLFI faces $58.4M in unrealized losses from its $308.7M investments in 8 cryptocurrencies. 💸 Most assets have been moved to Coinbase Prime, though WLFI claims no sales have been made yet. 0 reply
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#Solana #Stablecoins #USDC #Ethereum #DeFi #CryptoMarkets #dYdX #MaverickProtocol #OrbiterFinance
1. Solana's stablecoin supply surged by 110% in 2023, led by USDC at 80%, while Ethereum holds $115B, BNB $7B, Base $3.8B, and Arbitrum $3.1B in comparison.
2.dYdX will unlock $9.5M in tokens on February 1, Maverick Protocol will release $2.93M at 8 AM, and Orbiter Finance $3.3M at 10 AM Beijing time on the same day.
3. USDC circulation increased by $5.5B last week, now at $51.9B backed by $52.1B reserves, with $10.3B issued and $4.9B redeemed.
4. A whale deposited 17,000 AAVE into Binance with a 330% profit, while another transferred 1.8M RNDR to Coinbase, taking a $1.59M loss.
5. Taiko partners with OpenZeppelin to develop advanced L2 rollups, improving decentralization, security, and integration with L1 blockchains. 0 reply
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