📣 CRYPTO MARKET OVERVIEW February 28

Market stats

- Total market capitalization: $2247B

- Spot Volume (24H): $140B

- BTC.D: 53.86%

- Total liquidation amount in the last 24 hours: $315M

- Long/short ratio 24: 56% Short

- Number of liquidated traders: 89k

🗞 Market news from the past 24 hours

➡️ The Prime Minister of VIETNAM has just signed a Decision on the national action plan on preventing and combating money laundering and weapons financing. It instructs the Ministry of Finance and relevant agencies to develop a legal framework for virtual asset management by May 2025.

➡️ In an effort to decouple decision-making regarding the AtomOne blockchain hard fork, Cosmos founder Jae Kwon is launching GovGen as an independent voting place for the blockchain.

➡️ Yuga Labs launches on Magic Eden Ethereum, disowning exchanges that do not support royalties for all creators.

➡️ OKX announces the launch of the Turkish platform

➡️ Spain's financial regulator warns investors about 18 unlicensed organizations

➡️ US Senator opposes Joe Biden's CBDC plan.

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

➡️ Startup Mistral AI launches LLM to compete with ChatGPT, Gemini and Claude

➡️ Blast TVL surpasses 2 billion USD as it targets mainnet launch on February 29

➡️ South African comedian and entertainer Trevor Noah said the biggest mistake of his life was not buying Bitcoin when it was "worth nothing".