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$BTC dominance has climbed to 60%, up 5% in the past month and 12% over the past year, as altcoins struggle with volatility. $SOL , for example, is down 4% in the past day, trading around $185. The collapse of the #libra memecoin, linked to Argentine President Javier Milei, wiped out $4B in market cap and further eroded investor confidence in riskier assets.
After 19 straight weeks of inflows, digital asset investment products saw $415M in outflows. #CoinShares links the shift to #Fed Chair Powell’s hawkish stance and higher-than-expected inflation data.
Bitcoin exchange flow trend has turned bearish as more $BTC moves from derivative exchanges to spot, signaling reduced risk exposure by large investors. #bitcoin
#BNBChain topped all blockchains in daily fees on Feb. 13, hitting $5.8M - surpassing Solana at $3.3M and outpacing Ethereum by over 5x. 🚀 A major boost came from @PancakeSwap , which led all DEXs in trading volume that day.
Every new big #Listing lately seems to follow the same pattern - launch, spike, then straight down. The market is drowning in new altcoins, with thousands launching every day. Projects are pushing out tokens at sky-high valuations, leaving early buyers with profits and latecomers holding the bag.
#Avalon Labs is exploring a $BTC -backed Debt ETF, aiming to bring Bitcoin deeper into traditional finance. One of its co-founders previously launched a USD Debt ETF approved by the SEC in 2021. #avalonfinance $BTC
$USDC trading on #Binance is at an all-time high, hitting $24B in weekly volume and making up 49% of global USDC trades - its highest since Sept 2022. Source: Kaiko
Binance's HODLer Airdrops just announced its 8th project: Solayer (LAYER). $BNB holders who subscribed to Simple Earn (Feb. 1-5) will receive $LAYER airdrops. Tokens will be distributed 1 hour before trading starts on Feb. 11 at 14:00 UTC. #BinanceHODLerLAYER #Solayer