Sangen Rai

@xsangen

411 Following

297 Followers

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The SEC has retracted its appeal regarding the crypto dealer rule, indicating a broader reshaping of its digital asset legal approach.

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Strategy has unveiled plans to issue $2 billion in convertible notes to further its 21/21 plan, aiming to gather $21 billion in debt and $21 billion in equity for Bitcoin purchases.

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According to The Block, Strategy (formerly MicroStrategy) reported a net loss in its 2024 fiscal year due to a $1.79 billion digital asset impairment. The company warned that significant drops in Bitcoin's market cap may prevent future profits and affect financial obligations, and that new FASB rules could lead to substantial cash expenditures from 2026 without tax relief.

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According to CoinGlass data, total cryptocurrency liquidations in the past 24 hours reached $270 million, with long positions accounting for $219 million. Notable liquidations include $29.94 million in BTC, $45.94 million in ETH, and $38.17 million in SOL.

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BTC has fallen below $95,000, currently priced at $95,072.00 on OKX, marking a 0.49% decline over 24 hours.

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Coinglass data reveals a total of $93.27 million in cryptocurrency contract liquidations over the past 24 hours, with longs accounting for $63.67 million and shorts for $29.60 million. Bitcoin experienced $6.84 million in liquidations, while Ethereum saw $8.29 million.

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According to Artemis data, Base and Solana recorded net inflows of $5.8 million and $3 million respectively today, while Ethereum and Avalanche C-Chain saw net outflows of $9.2 million and $4.2 million.

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Greeks.live highlights concern over the Eu/US response to the Russia-Ukraine conflict amid macroeconomic factors affecting commodity prices. The Consensus Hong Kong event kicks off alongside EU MiCA law implementation, while Kraken delists USDT in Europe amidst a subdued crypto market.

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According to ChainCatcher via Coinglass data, if Bitcoin surpasses $100,000, the cumulative short position liquidation strength on major CEXs will reach $1.346 billion. Conversely, if Bitcoin falls below $95,000, the cumulative long position liquidation strength on major CEXs will reach $1.424 billion, highlighting significant market sensitivity to price movements.

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Nansen data reveals BNB Chain surpassed Ethereum in total gas fees over the past week for the first time, according to CEO Alex Svanevik. Binance CEO Changpeng Zhao commented, 'Slow and steady progress.'

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In 2010, a website distributed 19,700 BTC by gifting 5 BTC to visitors who completed a simple captcha, now valued at nearly $2 billion. The report was highlighted by Cointelegraph and caught attention through ChainCatcher.

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Polkadot (DOT) is projected to increase by 27% due to favorable market conditions. Analysts suggest that strategic developments might drive this growth in the near future.

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The floor price of Kaito Genesis NFT has reached 9.87 ETH, marking a 24-hour increase of over 28.30%. This follows Kaito AI's recent announcement of the impending launch of their KAITO token.

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According to ChainCatcher via The Block, André Dragosch, Bitwise's European Research Director, notes that a shift in the dollar's dominance amid macroeconomic changes has led to increased interest in Bitcoin and gold. With major U.S. debt holders like China and Japan selling U.S. Treasury bonds, concerns arise about long-term demand, prompting some central banks to consider Bitcoin ETF investments.

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In the top 100 cryptocurrencies by market cap, WIF led gains with a 23.68% rise to $0.7202, while CAKE fell 14.08%. TRUMP, JUP, JTO, and Pudgy Penguin also saw significant gains.

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A significant $342 million transfer of TRUMP tokens has prompted analysis on its potential impact on memecoin prices.

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According to ChainCatcher and Onchain Lens, a trader who spent 0.4 BNB to acquire 25.43 million BROWNIE tokens has realized an 8460x return, having sold part of the tokens for 88 BNB and retaining 24.45 million BROWNIE valued at $2.13 million.

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PancakeSwap (CAKE) rose 25.05% to $2.91, while BGB dropped 6.63%. Other notable gainers include Ethena (ENA), increasing by 14.37%, and OFFICIAL TRUMP (TRUMP), up 12.91%.

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According to Binance.US, the exchange has opened deposits for First Neiro On Ethereum (NEIRO), with NEIRO/USDT trading commencing on February 13 at 19:00 (Beijing time). NEIRO, a meme coin issued on the Ethereum blockchain in August 2024, has a total supply of 1 billion tokens.

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Franklin Templeton, a $1.5 trillion asset management firm, has expanded its tokenized U.S. government money market fund (FOBXX) trading to the Solana blockchain, utilizing its fast and secure Layer 1 infrastructure. FOBXX, launched in 2021, was the first money market fund to track transactions and ownership on a public blockchain, previously extended to the Arbitrum network.

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