Check Out the Top Crypto Gainers of the Day

$1M – $10M MarketCap:

  1. Idavoll DAO (IDV): 129%
  2. Matr1x Fire (FIRE): 31%
  3. Virtual Versions (VV): 6.1%
  4. Wall Street Memes (WSM): 6.1%
  5. Work X (WORK): 5.7%

$10M – $100M MarketCap:

  1. Whales Market (WHALES): 70%
  2. SWFTCOIN (SWFTC): 45%
  3. Lybra (LBR): 24%
  4. Propchain (PROPC): 17%
  5. Only1 (LIKE): 14%

$100M – $1B MarketCap:

  1. Arcblock (ABT): 38%
  2. Lisk (LSK): 20%
  3. Ethereum Name Service (ENS): 17%
  4. PepeFork (PORK): 13%
  5. Fasttoken (FTN): 11%

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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LATEST: Gold Being Substituted for Bitcoin Post Spot ETF Launch Says Cathie Wood

ARK Invest CEO Cathie Wood notes a significant shift from gold to Bitcoin among investors after the introduction of spot Bitcoin exchange-traded funds (ETFs). This substitution trend is expected to persist due to the enhanced accessibility of Bitcoin. Wood emphasizes Bitcoin’s rise compared to gold, linking it to the smoother access facilitated by ETFs. She anticipates Bitcoin proving itself as a “risk-off asset” during banking sector weaknesses, citing a 40% surge in Bitcoin’s price during a regional bank crisis in March 2023. The correlation between Bitcoin and gold has reached a record high of 0.80, as indicated by Fidelity’s analysis, showcasing a strengthened connection between the two assets. Despite a recent 20% price correction following the spot Bitcoin ETF launch, Wood remains optimistic, citing the resilience of Bitcoin holders with a longer-term perspective. ARK Invest, among the ETF issuers, launched the ARK 21Shares Bitcoin ETF, holding $705.8 million in Bitcoin.

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Nayib Bukele’s Landslide Win In Bitcoin Country Fraught With New And Old Challenges

Having solidified his political legacy by effectively addressing the issue of gang violence in El Salvador, Nayib Bukele has not only secured an extraordinary second presidential mandate but has also propelled his New Idea Party to a resounding victory in the legislative realm. Bukele’s historic triumph in the presidential race saw him clinch an impressive 83% of the vote, a margin widely considered unprecedented, reaching as high as 76% in the context of open and free elections within modern democracies. During his campaign, Bukele had to temporarily step away from the presidency, having obtained a special permit to run as a candidate.

The elections, observed by various international…

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The Trial That Could End Craig Wright’s Satoshi Claim For Good Started Today

Forged documents, anachronistic evidence, and false statements. According to the Crypto Open Patent Alliance (COPA), Craig Steven Wright has over the past years presented it all in an effort to prove he is Satoshi Nakamoto — and the non-profit believes it is now time to bring a halt to his “brazen lie”. On day 1 of the COPA v Wright trial in London, COPA delivered their opening statements in what will be a weeks-long effort to shut down Wright’s litigious behavior once and for all.The trial is of particular significance because it stands to affect a number of other upcoming court cases, perhaps most importantly including a lawsuit filed by Wright against several Bitcoin Core…

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LATEST: GoDaddy and Ethereum Name Service Unite Domains with Crypto Wallets

In a landmark collaboration, Ethereum Name Service (ENS) and internet behemoth GoDaddy have announced a groundbreaking initiative that promises to seamlessly integrate traditional web domains with blockchain technology. This initiative offers users the unprecedented ability to link their traditional internet domains directly to their Ethereum-based ENS addresses free of charge, heralding a new era of digital identity and financial transactions.

ENS founder Nick Johnson’s vision is clear: simplify the crypto experience by allowing household names and individuals alike, such as Beyonce with her domain Beyonce.xyz, to use these domains as direct wallet identifiers. This development not only signifies a potential resurgence in Web3 engagement amidst a crypto market downturn but also represents a pivotal step towards a more interconnected and blockchain-friendly internet. Despite existing legal disputes between ENS and GoDaddy, this partnership exemplifies a mutual commitment to fostering innovation and bridging the gap between the old and new realms of digital interaction.

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Top Trending Crypto Coins of The Day

BIGCAP COINS:

  1. Solana: Market Cap of $41.7 Billion
  2. Chainlink: Market Cap of $11.3 Billion.
  3. Ethereum: Market Cap of $275 Billion.

MIDCAP COINS:

  1. Jupiter: Market Cap of $738 Million.
  2. Manta Network: Market Cap of $686 Million.
  3. ZetaChain: Market Cap of $333 Million.

RISING COINS:

  1. PepeFork: Market Cap of $245 Million.
  2. Jupiter: Market Cap of $5.72 Million.
  3. SatoshiVM: Market Cap of $24.3 Million.

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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LATEST: Bitcoin Dominates as Crypto Investment Products Garner $708 Million Weekly Inflows

Crypto funds at major asset managers like BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares experienced a global return to inflows, totaling $708 million last week, according to CoinShares’ recent report. These inflows mark the second-largest since the launch of bitcoin exchange-traded funds (ETFs) in the United States on Jan. 11 and the second-largest since the late 2021 bull market peak. The funds rebounded from two weeks of consecutive outflows, bringing year-to-date net inflows to $1.6 billion and total assets under management to $53 billion. Notably, Grayscale’s higher-fee converted spot bitcoin ETF (GBTC) showed a significant reduction in outflow momentum, with $927 million outflows compared to $2.2 billion in the prior week. Bitcoin dominated investments with $703 million in inflows, comprising 99% of all flows, while short bitcoin funds experienced minor outflows of $5.3 million. The U.S. continued to lead in inflows, with $721 million, while altcoin-based funds saw Solana leading with $13 million in inflows, while Ethereum and Avalanche faced outflows of $6.4 million and $1.3 million, respectively.

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Bitcoin’s February Fortune, A Decade of Promising Returns

February’s chill has often been warmed by Bitcoin’s fiery performance, presenting a tale of resilience in the digital currency world. Historical snapshots reveal a pattern of impressive recoveries and sustained growth. Notably, one year saw Bitcoin soar by +54.9%, showcasing its explosive potential. Even when faced with setbacks, such as a -33.7% fall, the cryptocurrency’s trend remains decidedly bullish.

These fluctuations aren’t just numbers; they symbolize the pioneering spirit of Bitcoin as it paves the way in the financial frontier. The subtle yet positive +0.12% change in a recent year reflects a continuous march towards innovation and empowerment. Bitcoin’s narrative through the Februaries of the last decade tells of a digital gold rush, offering a beacon of potential for the bold. Its journey is more than a series of peaks and valleys—it’s a testament to the enduring allure of this trailblazing asset.

Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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Former Terraform CFO extradited to South Korea

Former Terraform Chief Financial Officer Han Chang-joon was extradited to South Korea from Montenegro. 

The announcement was made by the Montenegrin government on Monday, according to a translated press release. 

“Today, the state of Montenegro acted on the request of South Korea, and according to the decision of the Ministry of Justice, handed over Haan Chang Joon to the competent authorities of his home country,” the Ministry said on its X account. 

Han was arrested alongside former Terraform CEO Do Kwon in March of last year. The two were attempting to travel with forged documents, according to officials in Montenegro. Both Kwon and Han were sentenced to four months in… Read more on Blockworks

FTX wants to unload $1.4B Anthropic stake

The FTX debtors are seeking to sell off its stake in Anthropic.

The artificial intelligence company is a rival to the likes of OpenAI. Former CEO Sam Bankman-Fried made a $500 million investment in the company through Alameda and FTX, putting the estate’s stake around 8%. 

Anthropic sought to raise $750 million last December, putting its valuation at around $18 billion. By those numbers, the investment would be worth around $1.4 billion.

“Given the significant number and value of Anthropic Shares held by the Debtors, the flexibility to sell all or portions of Anthropic Shares at different times, and by different means, will help the Debtors monetize their interest,” a court…

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