💸 Bitcoin ETFs Lose $500M in 3 Days - Is investor Sentiment Crumbling?
GM Defiers!
US Bitcoin ETFs recorded nearly $500 million in outflows over three days following hotter-than-expected inflation data. Meanwhile, OpenSea has rolled out its OS2 upgrade, expanding into crypto trading.
The Ethereum Foundation is also making moves, transferring nearly 45,000 ETH into DeFi protocols. In other news, Binance founder CZ set off a meme token frenzy by revealing his dog, Broccoli.
✍️ In today’s newsletter:
- Bitcoin ETFs record nearly $500M in outflows over three days
- Bitcoin blocks are half empty as L2 adoption accelerates
- Doodles set to launch $DOOD token on Solana
- Lens Chain adopts Aave’s GHO stablecoin
- Crypto market slides as hot PPI data fuels inflation fears
- Solana is ready for RWAs, exec says
- Binance founder CZ’s dog reveal sparks memecoin frenzy
- Ethereum Foundation moves $100M+ in ETH to DeFi protocols
- OpenSea enters crypto trading, Foundation announces SEA token airdrop
🙏 Sponsored
📈 Markets in the last 24 hrs:
| NEWSLETTER CONTINUES BELOW |
High Gain by Kelp gets you ~20%+ APY on ETH by leveraging blue-chip strategies with rsETH on Aave, Pendle, Usual and Elixir. On depositing, mint hgETH and stay liquid in DeFi while earning rewards!
💸Bitcoin ETFs Post Three Consecutive Days of Outflows, Totaling Nearly $500M
US spot Bitcoin exchange-traded funds (ETFs) recorded three straight days of outflows, totaling nearly $500 million. On Wednesday alone, BTC ETFs experienced $251 million in outflows.
🏷️Bitcoin Blocks Are Going Out Half Full as Layer 2s Take Off
Bitcoin’s mempools have been experiencing a decline in transactions. Since January, the average transactions per block dropped to a 10-month low, falling below 2,500 in February compared to 3,500–4,500 from May to November.
✍️Doodles Set to Launch Official Token $DOOD on Solana
Doodles, the sixth-largest NFT collection by market cap, announced plans to launch its token, DOOD, on Solana. The token will have a total supply of 10 billion.
SPONSORED POST
Pulse seamlessly merges trading with social interaction, creating a Web3-native ecosystem for over 500,000 users. As a hub for connecting with crypto leaders and vibrant communities, it’s transforming the social trading experience.
Central to Pulse is the Smart Wallet, offering 100% self-custody and secure, direct wallet-to-wallet messaging. Powered by Account Abstraction (ERC-4337) and Zero-Knowledge Proofs (ZKProofs), it ensures top-tier security and privacy. Features like multi-signature access, social recovery, gasless transactions, and device-based passkeys simplify onboarding and asset management.
With support for Ethereum, Base Chain, and more, Pulse provides flexibility across chains. Incentives like $PULSE token rewards and gas refunds enhance the experience.
Discover seamless trading and unparalleled asset security with Pulse Smart Wallet.
💲Lens Chain Adopts Aave’s GHO Stablecoin For Gas Fee Payments
Lens Chain, an Ethereum L2 social platform, will use Aave’s GHO stablecoin for gas fees to ensure stable and cost-effective transactions.
📉Crypto Market Dips as Hot PPI Data Stokes Inflation Concerns
The crypto market dipped Thursday after hotter-than-expected U.S. PPI data raised inflation concerns. Bitcoin fell 1% to $96,400, while Ethereum dropped 1.1% to $2,650.
📢Solana is Ready For Real World Assets, its Head of Institutions Said
Solana aims to be a hub for real-world assets (RWAs) and institutions, said Nick Ducoff, the Solana Foundation’s head of institutional growth, in an NYSE interview.
SPONSORED POST
Have you ever heard of a Web3 Marketing Hackathon? After drawing 120 hackers in Bangkok, the second edition is coming to ETH Denver—powered by The Defiant! This event is perfect for creative campaigns, marketing support, brand awareness, user case studies, and even hiring. Ready to take your marketing to the next level? Join us on February 24th!
👉 Register now: https://lu.ma/11soctw0
🐶Binance Founder CZ ‘Doxxes’ His Dog and Sparks Memecoin Frenzy
Binance Founder Changpeng “CZ” Zhao sparked a meme token frenzy after teasing the reveal of his dog, a Belgian Malinois named Broccoli. Several coins emerged as developers rushed to create tokens, with the largest on BNB Chain reaching a $75 million market cap.
💰Ethereum Foundation Transfers over $100 Million Worth of ETH into DeFi Lending Protocols
The Ethereum Foundation has moved nearly 45,000 ETH ($118 million) to Aave, Spark, and Compound, according to a Feb. 13 X post. The move comes amid growing online backlash over governance issues.
🗣️OpenSea Expands Into Crypto Trading, Foundation Announces SEA Token Airdrop
NFT marketplace OpenSea has fully rolled out its new trading platform, OS2, expanding into crypto trading. Meanwhile, the OpenSea Foundation is planning a SEA token airdrop.
🌍 ELSEWHERE
- Crypto scams likely set new record in 2024 helped by AI, Chainalysis says (Reuters)
- Michael Saylor says Bitcoin will be ‘unaffordable’, predicts $5 million BTC price (TheStreet)
- GameStop CEO Ryan Cohen fuels speculation retailer will invest its $4.6 billion cash pile in Bitcoin (Fortune)
🔥TRENDING
- Bitcoin ETFs Post Three Consecutive Days of Outflows, Totaling Nearly $500M
- Solana Proposal to Pay Full Priority Fees to Validators Goes Live
- ETH Jumps on Cboe and 21Shares’ Ether ETF Staking Filing
- Arizona, Utah, and Oklahoma Take the Lead in Strategic Bitcoin Reserves Legislation
- Ethereum’s Pectra Network Upgrade: What To Expect
- Crypto Market Recovers After CPI Report Rattles Investors
Free newsletters
Good reporting. Delivered.
Choose your coverage: crypto and DeFi, the future of finance, or both.
Free. Unsubscribe anytime.
