● S&P: Spot Ethereum ETF may increase Ethereum’s concentration risk
According to the Daily Planet, according to the analysis of S&P Global Ratings, the United States approved the proposed Ethereum exchange-traded funds, which plan to include pledges, which may increase the concentration risk of Ethereum. Analysts predict that the U.S. Securities and Exchange Commission will approve the spot Ethereum ETF as early as May this year-the first deadline for approving such funds. Several companies, including giants such as BlackRock and Fidelity, have applied for spot Ethereum ETFs.
● EMC Labs: The crypto asset market has entered the bull market warm-up phase, and ETH is stronger than BTC
According to the Daily Planet, EMC Labs, a crypto fund management company, published a long article on the X platform, saying that the crypto asset market has entered the warm-up stage of the "bull market". BTC prices began to be dominated by funds entering the ETF channel, and on-site industrial capital began to shift to ETH, and ETH's strength within 90 days has exceeded BTC. EMC Labs has monitored that ETH has continued to flow out of centralized exchanges and entered staking, Layer2 and lending platforms over the past year. Since 2024, the fundamentals of Ethereum users and value capture have continued to improve. Ultimately, ETH's "flywheel effect" (staking, use, and destruction) will drive the ETH/BTC trading pair to reverse. Following the ICO craze in 2018 and the application verification in 2021, the ETH/BTC trading pair is entering a new upward cycle.
● Ethereum Foundation announces the deprecation of the Goerli network
According to BlockBeats, Ethereum Foundation development engineer parithosh reminded on social media on February 22 that the Goerli network has been deprecated and will no longer be supported in the future. He suggested that users migrate their tests to Ephemery, Holesky or Sepolia networks. Among them, Ephemery is suitable for small validator testing, Holesky is suitable for long-term, large-scale validator testing, and Sepolia is suitable for Dapp testing.
● Fed meeting minutes: Policy interest rates may have reached their peak in this cycle, and most officials noted the risk of cutting interest rates too quickly
According to the Daily Planet, the minutes of the Federal Reserve meeting showed that Federal Reserve officials said that demand may be stronger than previously assessed and the policy interest rate may have reached its peak in this cycle. Most officials noted the risk of cutting interest rates too quickly. Some officials saw the risk that inflation progress might stagnate.
● The amount of Bitcoin in exchange wallets has fallen to its lowest level since April 2018
According to TechFlow, according to Glassnode data, from January 1 to February 19, the number of bitcoins in exchange wallets fell from 2.356 million BTC to 2.314 million BTC, the lowest level since April 2018.
● Türkiye prepares to formulate regulatory policies for the crypto industry
According to CoinDesk, Turkey is preparing a package of regulatory policies for the crypto industry. The policy aims to protect consumers while promoting innovation in the field. In January, the country's Finance Minister Mehmet Şimşek said that the government had completed technical research for the crypto legislation package. İleri said on Tuesday that "legal research" on crypto assets is important for protecting consumers and promoting innovation in the field.
● Steam in the Web3 world? Learn about Binance’s latest IEO project Portal in one article
Binance Launchpool will launch the 47th project Portal (PORTAL). Portal Gaming is a very popular project recently, and the popularity on Twitter is very high. This article will analyze what the Portal Gaming project is about? What is the reason for the hot attention? And how to participate in the Presale that will be launched on December 14. What is Portal Gaming? Portal Gaming is a platform dedicated to Web3 games; the platform focuses on one-click login to Portal Passport, easy payment and other functions.
