● Bitcoin and Ethereum both closed February with their best monthly performances
According to Wu Shuo, CNBC reported that Bitcoin closed up nearly 45% in February, marking its sixth consecutive month of gains and its best monthly performance since December 2020. Ethereum rose more than 47%, marking its sixth consecutive month of gains and its best month since July 2022.
● CoinShares: The daily demand for spot ETFs reaches 2,800 BTC, which is more than three times the daily production of BTC.
According to PANews, CoinShares research director James Butterfill said that although 900 Bitcoins are produced every day, the daily demand for the newly issued U.S. spot Bitcoin ETF reaches 2,800 Bitcoins, more than three times the output, which has led to Exchange holdings have declined by 28% since 2020, indicating that the market is experiencing a significant demand shock.
● Grayscale GBTC had a net outflow of approximately US$598.9 million on February 29
According to Foresight News, according to data from Farside Investors, Grayscale GBTC had a net outflow of approximately US$598.9 million on February 29, up from US$216.4 million the previous day. Since January 11, GBTC’s total net outflows have reached $6.804 billion.
● The Hong Kong Securities and Futures Commission received a large number of spot Bitcoin ETF applications
According to Planet Daily, Kennix Chan, executive director of Victory Securities, said that the Hong Kong Securities and Futures Commission has received a large number of spot Bitcoin ETF applications in the past few months, and Hong Kong’s Bitcoin ETF is showing good signs.
● The U.S. core PCE price index in January recorded an annual rate of 2.8%, the smallest increase since March 2021
According to BlockBeats, the U.S. core PCE price index recorded an annual rate of 2.8% in January, the smallest increase since March 2021. At the same time, the U.S. core PCE price index recorded a monthly rate of 0.4% in January, the largest increase since February 2023.
● Binance became the only award-winning Web3 company in the 2023 Hong Kong Cybersecurity Elite Award Program
According to a post on Binance’s blog, Binance was awarded the Merit Award in the banking and financial sector in this year’s Cyber Security Elite Recognition Program and became the only Web3 company representative to receive this honor in this year’s program. Binance’s expertise and ongoing contributions in assisting Hong Kong law enforcement agencies in combating virtual asset crimes have been recognized and praised by law enforcement agencies. It is reported that the Hong Kong Cyber Security Elite Award Scheme is Hong Kong’s iconic cyber security professional award. The fourth award ceremony will be held on February 29, 2024. The program is jointly organized by the Hong Kong Police Force, the Hong Kong Government Computer Emergency Response Team Coordination Center (GovCERT.HK) and the Hong Kong Computer Emergency Response Team Coordination Center (HKCERT). It aims to recognize outstanding cybersecurity personnel in various industries in their respective professional fields. Performance.
● Binance has recovered $4.4 billion worth of mishandled funds for customers in the past two years.
According to Bloomberg, Binance announced that in the past two years, it has successfully recovered $4.4 billion worth of digital assets that were originally lost due to user errors (such as entering the wrong wallet address, depositing incompatible tokens and blockchains). Upgrade issue) and failed to record correctly. In 2022 and 2023, Binance resolved 381,616 cases of cryptocurrencies not being properly accounted for.
● The BNB Chain test network will undergo its first Sunset upgrade on March 4, 2024
According to DeepChao TechFlow, BNB Chain announced on X that the BNB Beacon Chain test network will undergo a Sunset upgrade for the first time.
