📣 CRYPTO MARKET OVERVIEW February 29

Market stats

- Total market capitalization: $2382B

- Spot Volume (24H): $283B

- BTC.D: 54.69%

- Total liquidation amount in the last 24 hours: $604.90M

- Long/short ratio 24: 56.01%Short

- Number of liquidated traders: 161k

🗞Market news from the past 24 hours

➡️ Since the beginning of 2024, the cryptocurrency market has grown an impressive 27%, with 480 billion USD entering the market.

➡️ The defense lawyers of former CEO #FTX Sam Bankman-Fried appealed the proposed sentence of 100 years in prison, but proposed to the court a range of 63-78 months for a more "fair" sentence.

➡️ Sui, layer-1 blockchain was voted “Blockchain of the Year” at the second annual AIBC Eurasia Awards recently held in Dubai (UAE), surpassing other candidates such as Near Protocol and 1inch Network .

➡️ IRS hires 2 private sector cryptocurrency experts to prepare for tax season

➡️ OpenAI accuses New York Times of hacking AI models in copyright lawsuit

➡️ BlackRock Bitcoin ETF reaches record volume of over $1.3 billion for the second day in a row

➡️ US Senator opposes Joe Biden's CBDC plan.

➡️ #ETF 's #Grayscale inflows slowed, while other funds saw another day of strong inflows, lifting them to two-week highs.

➡️ TVL of #Ethereum reaches 50 billion USD as DeFi activity increases

➡️ Serenity Shield Token became a victim of hack: SERSH worth 5.6 million USD was stolen

➡️ Humanity Protocol secures funding from leading crypto VCs for Web3 ID solution

➡️ Russia's allies 'repeatedly expressed interest' in Moscow's CBDC