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MicroStrategy’s Bitcoin holdings are now worth $10 billion

BTCOIN
February 16
MicroStrategy’s Bitcoin holdings are currently worth $10 billion. Previously, MicroStrategy founder Michael Saylor said in an interview with CNBC that as the price of Bitcoin rose to US$50,000, MicroStrategy's unrealized profits from Bitcoin investments reached approximately US$3.5 billion. Since starting to buy Bitcoin in 2020, the company has accumulated 190,000 Bitcoins, with an average purchase cost of $31,224 and a total cost of approximately $5.93 billion.

CryptoQuant: More than three-quarters of new Bitcoin investments in the past two weeks came from spot ETFs

BTCOIN
February 15
According to a February 14 report from on-chain data analytics firm CryptoQuant, more than three-quarters of new Bitcoin investments over the past two weeks came from Bitcoin spot ETFs, excluding Grayscale GBTC. The report stated: “We estimate that more than 75% of new investments in Bitcoin come from these ETFs. In addition, investment from these ETFs has increased to 2% of the total historical investment in Bitcoin in just one month, as measured by realized market capitalization. %."

An ETH whale deposited 8,600 ETH to Coinbase two hours ago, worth approximately US$24.2 million.

BTCOIN
February 15
A whale or institution that has held a large amount of ETH since 2016 deposited 8,600 ETH to Coinbase two hours ago, worth approximately US$24.2 million. Since the cost of purchasing ETH for this address is only $12.83 per coin, if all are sold, a profit of approximately $23.87 million will be made. In the past month, the whale has deposited a total of 21,800 ETH to the exchange, worth approximately US$55.67 million, and the address still holds 29,818 ETH.

Architect, the encryption company owned by the former president of FTX.US, completed US$12 million in financing

BTCOIN
February 14
Brett Harrison, the former president of FTX US, tweeted that the encryption startup Architect he founded completed $12 million in financing, led by BlockTower Capital and Tioga Capital, CMT Digital, ParaFi Capital, A Capital, Twelve Below, Coinbase Ventures, SALT Fund, SV Angel, Third Kind Venture Capital and others participated in the investment. Architect has raised a total of $17 million to date. According to previous news, Architect completed US$5 million in financing in January last year. Harrison, who previously served as head of technology at Citadel Securities, was appointed to lead FTX’s U.S. operations in 2019. In September 2022, Brett Harrison announced his resignation as President of FTX US.

Bitcoin futures open interest exceeds $21 billion, hitting a new high since November 2021

BTCOIN
February 14
The value of open interest in the Bitcoin futures market exceeded the $21 billion mark for the first time since November 2021. Notional open interest in Bitcoin (BTC) futures contracts has reached a 26-month high, according to data from CoinGlass. Total open interest in Bitcoin has increased by 22% so far this year, approaching the record of $24 billion set in mid-November 2021 when the price of Bitcoin exceeded $65,000.

Sei launches V2 public development network and plans to launch mainnet in the first half of this year

BTCOIN
February 14
Sei announced that it has launched the V2 public development network, and developers can now start testing and improving applications in a completely permission-free environment. Sei said that the V2 public development network release phase will help improve network deployment and ensure a seamless transition deployment of Sei’s new EVM to the main network. The public development website is aimed at developers building with Sei. From a user perspective, its function is similar to a testnet. According to a spokesman for the Sel Labs team, Sei hopes to launch the mainnet in the first half of 2024.

Central Bank of Russia Report: Almost All Financial Scams in 2023 Will Be Related to Cryptocurrencies

BTCOIN
February 13
The latest report from the Central Bank of Russia shows that financial fraud cases involving cryptocurrency have increased significantly in 2023, with the number of illegal activity entities increasing by 15.5% year-on-year to 5,735 cases. The report highlights that almost all financial pyramids and illegal brokers offer domestic token investments or accept cryptocurrency investments. These fraud schemes mainly operate online through social networks and Telegram applications, and fraud organizers also actively use "popular lifestyle bloggers" for advertising. To combat these illegal activities, the Central Bank of Russia has taken measures to restrict the use of domains and subdomains by entities involved in illegal financial activities. In 2023, more than 1,500 financial pyramid domains and subdomains were blocked. In addition, the central bank also shares information on illegal entities and financial pyramids with law enforcement agencies, the Antitrust Service of the Russian Federation and the Russian Federal Service for Supervision of Communications, Information Technology and Mass Media. More than 125 criminal cases and 620 administrative cases have been opened in 2023, taking More than 1,300 other response measures were implemented.

CNBC: Musk must testify in SEC investigation into his Twitter acquisition

BTCOIN
February 13
Elon Musk was asked by a U.S. judge to testify in court documents on Saturday related to the investigation into his 2022 acquisition of Twitter, which the U.S. Securities and Exchange Commission (SEC) is investigating whether Musk or others are among the billionaires. Committed securities fraud in the process of beginning to purchase Twitter stock and building up a holding before acquiring the social media company. Musk completed his acquisition of Twitter in October 2022 in a deal valued at approximately $44 billion and has since rebranded it as X. In a February 10, 2024 order, federal Judge Laurel Beeler wrote that while Musk and his legal team argued that the SEC's subpoena in the matter constituted harassment of the billionaire, the federal financial regulator "did not "Within the scope of their powers," their subpoena "is clear and seeks relevant information" for the investigation. Federal financial regulators and Musk now have a week to set a date and location for his testimony. Musk, his lawyers and the Securities and Exchange Commission did not immediately respond to requests for comment.

South African cryptocurrency investment app Luno adds AAVE, CRV and MKR

BTCOIN
February 12
South African cryptocurrency investment app Luno has added three new DeFi tokens for investors to invest in, namely Aave (AAVE), Curve (CRV), and MakerDAO (MKR).