📈Crypto Market Rebounds Following CPI Volatility

GM Defiers!

The crypto market is reacting to fresh inflation data, with BTC dipping before rebounding. Meanwhile, Solana has implemented a proposal to give validators 100% of priority fees.

Sky Mavis has opened its Ronin blockchain to all developers, expanding beyond gaming into DeFi and DApps. Elsewhere, Ethereum’s upcoming Pectra upgrade is moving forward.

✍️ In today’s newsletter:

Crypto market recovers after CPI report
Ethereum reveals details about Pectra
MegaETH raises over $13 million from Fluffle NFT mint
Arizona, Utah, and Oklahoma push forward Bitcoin legislation
ETH surges after Cboe and 21Shares’ Ether ETF staking filing
BNB surges 23% in a week, outperforming BTC
Sky Mavis turns Ronin gaming blockchain permissionless
CFTC commissioner affirms election prediction markets are ‘here to stay’
Solana's new proposal to redirect priority fees goes live

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📈 Markets in the last 24 hrs:

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📈Crypto Market Recovers After CPI Report Rattles Investors

The crypto market saw sharp swings Wednesday after hotter-than-expected US inflation data raised doubts about Fed rate cuts. BTC briefly dropped to $94,400 before rebounding to $97,000, while ETH gained 2% to $2,660.

📣Ethereum’s Pectra Network Upgrade: What To Expect

Ethereum’s highly anticipated Pectra upgrade is set for a March launch if upcoming test runs go smoothly. Pectra aims to enhance user experience and scalability by merging the Prague and Electra upgrades

💸MegaETH Raises Over $13 Million From Fluffle NFT Mint

Ethereum Layer 2 MegaETH wrapped up its first NFT mint, raising $13.29 million, according to a Feb. 12 post from Adam Hollander. The project confirmed that its soulbound ‘Fluffle’ NFTs sold out and will now shift focus to launching its public testnet.

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🇺🇸Arizona, Utah, and Oklahoma Take the Lead in Strategic Bitcoin Reserves Legislation

Arizona, Utah, and now Oklahoma are advancing bills to establish Strategic Bitcoin Reserves (SBRs), setting a precedent for other states. On Tuesday, Oklahoma’s SBR bill cleared committee and heads to a floor vote.

📂ETH Jumps on Cboe and 21Shares’ Ether ETF Staking Filing

Ethereum’s ETH surged Wednesday after Cboe and 21Shares filed with the SEC to allow staking for the 21Shares Core Ethereum ETF. The news sent ETH up nearly 6% in 30 minutes, reaching $2,782.

🚀BNB Rallies 23% in a Week, Outshines Bitcoin Amid Rising Activity

BNB outperformed major cryptocurrencies over the past week, surging more than 23%. The surge pushed the token’s market capitalization to $103 billion.

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