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The total market value of the cryptocurrency market is 1.59 trillion dollars; The market value of Bitcoin is 837 billion dollars, and the market value of Ethereum is 277 billion dollars.

The new version of Solana’s popular crypto phone series, “Solana Mobile Chapter 2”, is attracting great attention with almost a year left until the product is shipped. solana Mobile announced that it had received more than 60,000 pre-orders in less than three weeks. The new version allows users to log in more conveniently on a physical phone with crypto-supported software. Solana plans to sell Chapter 2 for $450 and start shipping the phones in 2025.

The court approved the SEC’s request for the company’s financial information within the scope of the Ripple case

A court in the US has ruled to force Ripple to provide additional information regarding the company’s financial information and institutional sales of XRP at the request of the SEC. The SEC filed a lawsuit against Ripple three years ago for unregistered XRP sales. Last year, the court ruled that the sale of XRP to institutional investors was illegal, but retail sales were not. The court granted the SEC’s request to compel Ripple to provide more information and asked the company to provide 2022-2023 financial statements and contracts governing institutional sales of XRP. Although Ripple argued that its financial situation was not relevant, the court decided that this information could be important in the resolution phase. The court also held that information about institutional sales of XRP was important in determining the necessity of a ban.

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US Treasury Secretary Yellen warns of financial risks of cryptocurrency industry

US Treasury Secretary Janet Yellen stated that the cryptocurrency industry poses potential risks for the financial system, drawing attention to the dangers of fixedcoins, collapses and price fluctuations in crypto platforms. Yellen, who will testify on Tuesday, says that as the leader of the Financial Stability Oversight Council (FSOC), they are focused on crypto risks and will work with Congress to make the necessary regulations on this issue. Yellen emphasizes the need to pass legislation to regulate the spot market of fixedcoins and non-security crypto assets. Although he did not make any new initiatives in his short statements, he states that digital assets continue to be an important issue among the financial concerns of the US government.

Ethereum offers Vitalik Buterin 5 design recommendations for reducing maximum block size

Vitalik Buterin, Ethereum Foundation and his team are exploring ways to improve the blockchain to optimize Ethereum’s “rollup-focused roadmap.” They aim to reduce the maximum block size and variance by addressing the increase in effective block size over the past 12 months. They are considering five solutions, such as increasing block gas limits and increasing calldata cost. The goal is to create room for more data blocks in the future. Recommended solutions include steps such as adjusting calldata costs, setting a calldata limit per block, creating a separate calldata fee market, and offering an “EVM loyalty bonus.”

The era of buying tickets at the cinema with cryptocurrency begins. Bitcoin

Spain seeks seizure powers for tax debts on cryptocurrency assets

Spain’s Ministry of Treasury is proposing a tax reform that would allow crypto assets to be seized for tax debts. This proposal declares cryptocurrency organizations as tax collection agents, giving the state the authority to seize digital assets. Local sources state that the government is trying to create the necessary conditions for the rapid implementation of the reform. Additionally, taxpayers will be required to declare crypto assets located outside the country for the first time this year. Data from crypto tax returns obtained since 2021 will be used to collect money from tax debts. However, rapid implementation of these crypto asset laws could create incompatibility and difficulty for Spanish regulators to align with concepts introduced across the EU.

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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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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.

Legal warning

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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Crypto

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.

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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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