📉Crypto Market Declines as Rebound Falters

GM Defiers!

The cryptocurrency market saw a slight dip on Wednesday, reversing some of Tuesday’s gains. Meanwhile, Solana emerged as the top asset choice for market participants this cycle, according to a new report.

In other news, Shiba Inu is distancing itself from its memecoin roots by partnering with the UAE for government projects, while Fluid has hit all-time highs in volume and total value locked.

✍️ In today’s newsletter:

Crypto market dips as rebound stalls after tariff pause
PumpFun blamed for ‘ruining’ the altcoin market
Fluid DEX volume hits monthly all-time high
UAE adopts Shiba Inu as platform for Web3 projects
MegaETH unveils ICO through Soulbound NFT mint
Solana named top choice for retail investors

📈 Markets in the last 24 hrs:

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📉Crypto Market Slips as Rebound Fizzles After Tariff Pause

The cryptocurrency market saw a slight decline on Wednesday, reversing some of Tuesday’s gains driven by the pause on President Trump’s trade tariffs. Bitcoin (BTC) fell 1.2% to $97,600, while Ethereum (ETH) dropped 2% to $2,740.

🚨Analysts Blame PumpFun For ‘Destroying Altcoin Market’

Some analysts are pointing to Pump.fun, a Solana-based platform for launching memecoins, as a major factor in harming the altcoin market.

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🏦Solana Emerges as Top Pick for Retail Investors: Report

Solana has become the top asset choice for most market participants this cycle, according to a recent report by Gemini and Glassnode.

💰MegaETH Announces ICO via Soulbound NFT Mint

MegaETH, a highly anticipated Layer 2 blockchain, is launching its token through a unique ICO model—a soulbound NFT mint for its pioneer collection, The Fluffle.

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🐕UAE Embrace Shiba Inu as Web3 Project Platform

Shiba Inu moved away from its memecoin origins as the United Arab Emirates (UAE) announced a partnership to bring Web3 solutions to the federal government.

📈Fluid DEX Volume Soars to All-Time High in February

Fluid, a decentralized exchange (DEX) and lending protocol, has surpassed its all-time high volumes and total-value locked (TVL). The DEX recorded a weekly volume of $1.34 billion between Jan. 27 and Feb. 2.

🌍 ELSEWHERE

MicroStrategy reports massive Q4 2024 loss amid Bitcoin expansion (TheStreet)
Mining Giant Foundry Supercharges Bitcoin Layer-2 Rootstock’s Security (CoinDesk)
Should Investors Stay Away From Crypto as the Tariff War Heats Up? (The Motley Fool)