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Bitcoin is trading at $43,102 with an increase of 0.66%, and Ethereum is trading at $2,309 with an increase of 0.83% in the same time period.

FED Chairman Powell: “We will not wait for inflation to fall to 2% to reduce interest rates.”

FED President Jerome Powell stated in his statements on the “60 Minutes” program that they aim to create an environment where inflation is low, predictable and not a cause for concern for the public. Powell emphasized the importance of price stabilization and stated that the economy is strong and they need more evidence for steps towards interest rate reduction. Powell stated that they will not wait for inflation to fall to 2% to reduce interest rates.

El Salvador’s pro-Bitcoin Leader Bukele was re-elected as president

of El Salvador Bitcoin The pro-government leader, Bukele, was re-elected president. Under Bukele’s rule, the country became the first country in the world to accept Bitcoin as legal tender in 2021, a first in the world. This step sparked mixed reactions from the international community. The government led by Bukele launched a crypto wallet called Chivo to encourage Bitcoin adoption and also purchased crypto assets for investment purposes. With this strategy, the government made a profit of $3.6 million as of early December and accumulated a Bitcoin portfolio worth $131 million in total. Bukele’s policies are notable for tough measures to combat gang violence and a drop in crime rates, but have been criticized by human rights organisations.

Bitcoin price up 40% since October

Genesis Global Capital files with bankruptcy court for permission to sell Grayscale Trust shares

Crypto lender Genesis Global Capital has requested bankruptcy court permission to sell shares of Grayscale Bitcoin Trust (GBTC), Grayscale Ethereum Trust (ETHE), and Grayscale Ethereum Classic Trust (ETCG). Genesis, which aims to distribute the funds obtained from the sale of these shares with a total value of 1.6 billion dollars to creditors, requested urgent permission against possible fluctuations in asset prices. GBTC shares make up the bulk of Genesis’ portfolio, representing 87% of the total portfolio and $1.38 billion. ETHE and ETHCG are worth 10% and 3% respectively, worth 207 million dollars in total.

Epic Games introduced the crypto game ‘Shrapnel’

The crypto game called “Shrapnel”, listed on the Epic Games Store, attracts attention as a first-person shooter game in the style of Call of Duty. Developed by Neon Machine, the game is set in a dystopian world and adopts an early access model that focuses on player participation at every stage. “Shrapnel” will be released as a free-to-play game in 2025, allowing players to customize many aspects of the game, from characters to weapons. The game will try to gain a prominent place among other web3 video games by competing with Epic Games Store’s more than 230 million PC players.

Solana’s Jupiter DEX surpasses Uniswap

Trading volume on the Solana-based Jupiter DEX peaked at more than $480 million in a 24-hour period amid a new memecoin airdrop frenzy and surging stablecoin swaps. The trading activity caused Jupiter to outpace Ethereum-based Uniswap’s trading volume on both its v2 and v3 protocols by a $10 million margin. According to CoinGecko data, the total trading volume of these protocols in the last 24 hours is only $470 million.

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Crypto

Bitcoin Exceeds $1 Trillion Market Cap

The total value of the cryptocurrency market reached 1.89 trillion dollars with the rise in the market; Bitcoin’s market value increased to $1.02 trillion and Ethereum’s market value increased to $334 billion.

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The total value of the cryptocurrency market reached 1.89 trillion dollars with the rise in the market; Bitcoin’s market value increased to $1.02 trillion and Ethereum’s market value increased to $334 billion.

With court order, Genesis may sell $1.3 billion worth of shares in Grayscale’s GBTC fund

Court, allowed Genesis Global Holdco LLC to sell 35 million shares in Grayscale’s GBTC fund for $1.3 billion. Judge Sean Lane announced that Genesis could convert these shares into Bitcoin or cash. Genesis, a subsidiary of Digital Currency Group (DCG), also plans to sell 11 million shares in its Grayscale Ethereum Trusts fund for over $200 million. DCG attempted to delay the sale before the court approved the debt payment plan. DCG stated that it was not against the sale, but that the sale could happen early if the court plan was rejected.

Big Bitcoin transfer

Popular Layer 2 solution Starknet announces STRK token distribution plan to 1.3 million wallets

Starknet Foundation announced its plan to distribute STRK tokens to approximately 1.3 million wallets. Owners of these wallets, including early dapp users and network contributors, will receive rewards. Distribution will begin on February 20 and users will be able to request it until June 20. A total of 700 million STRK tokens will be distributed, accounting for 7% of the total supply. STRK Token aims to make STARK-based scaling more decentralized. The Foundation wants to encourage community participation in the management of the network.

DeFi lender Moonwell offers USDC lending across Ethereum

The Moonwell platform now lets you lend and borrow USDC coins from different Ethereum networks in one place, thanks to its USDC Anywhere tool. Moonwell can detect USDC in users’ wallets and transfer them to the Moonwell platform. In this way, USDC usage is facilitated within the entire Ethereum ecosystem without the need for manual transfers between wallets and networks. Bitcoin Exceeds $1 Trillion Market Cap.

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Bitcoin hits new resistance level before $52,000

Bitcoin is trading at $48,200 with a 13% increase since last week, while Ethereum is trading at $2,500 with a 10% increase.

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Bitcoin is trading at $48,200 with a 13% increase since last week, while Ethereum is trading at $2,500 with a 10% increase.

Bitcoin ETFs reached $10 billion in asset management volume in a month after approval. Nine ETFs stood out with net inflows of $2.7 billion on Jan. 9, led by BlackRock’s iShares Bitcoin Trust.

Fidelity’s Wise Origin Bitcoin Fund manages $3.4 billion worth of BTC. ARK 21Shares Bitcoin ETF has achieved billion-dollar success with its $1 billion portfolio. Grayscale Bitcoin Trust has experienced an outflow of $6.3 billion in the last 30 days.

Bitcoin’s price consolidated above technical support levels in January, gaining 0.6% to $42,585, according to analysis from ARK Invest. ARK Invest believes that Bitcoin is replacing gold and its role in financial markets is increasing.

According to the analysis, the price of Bitcoin has increased twentyfold in the last 7 years compared to gold. The asset manager predicts that Bitcoin will remain resilient if inflation decreases and real interest rates rise.

Bitcoin step of the giant company

FTX plans to sell Digital Custody for $500 thousand during bankruptcy process

FTX plans to sell its Digital Custody (DC) company, which is in bankruptcy process, to CoinList for $10 million to $500 thousand. Although FTX acquired DC for FTX US and LedgerX, it went bankrupt before the integration was completed.

The company attributes the reason for selling DC to the fact that FTX US has not yet been launched and DC is no longer valuable. The prominent offer for the sale came from CoinList, funded by Terence Culver.

FTX emphasizes that it is pursuing a restructuring plan focused on full payment to customers. However, users oppose the company’s valuation of cryptocurrency deposits at 2022 prices and demand intervention.

Ethereum gas fees reach 8-month high

Ethereum Gas fees on the network have reached an eight-month high amid a burst of interest around a new, unofficial token standard called ERC-404.

On February 9, Ethereum gas prices rose as high as 70 gwei ($60) for a standard transaction. ERC-404 refers to an experimental standard that aims to connect ERC-721 NFTs to ERC-20 tokens.

This wave, initiated by the Pandora project, brought over $600 million in transaction volume and over 6,100% gains in the last 6 days. While the increase in Ethereum gas fees with the popularity of ERC-404 draws attention, the developers of the project state that they focus on reducing gas costs.

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The investment information, comments and recommendations contained herein are not within the scope of investment consultancy. Investment consultancy services are offered individually, taking into account people’s risk and return preferences. The content, comments and recommendations contained herein are of a general nature and are not guiding in any way. These recommendations may not suit your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not produce results that meet your expectations.

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Criminals Are Increasingly Turning to Crypto Assets

According to the report published by the US Treasury Department, criminals and fraudsters are increasingly turning to crypto assets. The 2024 National Risk Assessments Report highlights the threats of illicit financial activities in the United States.

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According to the report published by the US Treasury Department, criminals and fraudsters are increasingly turning to crypto assets. The 2024 National Risk Assessments Report highlights the threats of illicit financial activities in the United States.

To the report According to reports, malicious actors are laundering illicit funds using cryptocurrencies as well as cash. The Treasury plans to share a strategic plan with solution suggestions soon.

The money laundering report noted that although the proceeds from the drug trade were cash-based, the use of virtual assets was a concern for US law enforcement and virtual assets were volatile but recovered in the fall of 2023.

crypto-

While it is emphasized that virtual asset service providers must comply with the regulations, it is stated that many services of decentralized finance (DeFi) do not comply with the regulations. It is stated that criminals target DeFi and online games, and online games pose unique money laundering risks.

The terrorist financing report states that terrorists have adapted to technology but also stick to the methods they know. and the content, comments and recommendations are of a general nature and are not of a guiding nature in any way. These recommendations may not suit your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not produce results that meet your expectations.

Both verbal and visual cryptocurrency information within the scope of this report that you have accessed has been compiled in good faith from the first accessible sources and for the sole purpose of obtaining information without creating any guarantee or warranty regarding its accuracy, validity, effectiveness, in short, as a basis for any decision in any form or manner. .

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