Crypto Update: Market Highlights & Significant News
Hello everyone! Here are the main points for this week:
Ethereum Balances on Centralized Exchanges Hit 6-Year Low
Ethereum balances on centralized exchanges have reached their lowest point in the last six years. This trend indicates a shift towards decentralized finance.
NOTK Token Surges Past $1 Billion
NOTK, the token with a game boasting an audience of 35 million players, has seen a substantial increase in value. It is now worth over $1 billion, reflecting strong investor interest and market confidence.
$1 Billion Invested in Crypto Products Last Week
Investors have poured over $1 billion into crypto products in the past week. Since the beginning of the year, the total inflow into these products has reached $14.9 billion, indicating new highs in the next few days.
SHIBA Investor Turns $2,700 into $1.2 Million
On January 31, 2021, a user purchased 48 billion SHIBA tokens for about $2,700. After holding the tokens for over three years, the investor cashed out yesterday, making a profit of over $1,200,000. Now, that's what we call hodling!
The user loses $60,000 Due to an incorrect address.
A cautionary tale for all crypto users: an individual lost $60,000 by copying an incorrect address from an infected transaction history. Please be extra cautious and double-check addresses before making any transactions.
BlackRock has surpassed Grayscale to become the largest BTC ETF holder, now holding 288,000 BTC.
MasterCard Trials Crypto Service
MasterCard has introduced a trial service called Crypto Credential, allowing direct cryptocurrency transfers between users. This move is seen as a step towards integrating cryptocurrency more seamlessly into mainstream financial services.
Binance Limits Unregulated Stablecoins in the EU
Binance has announced limitations on the use of stablecoins not regulated in the EU. This move aims to comply with European Union regulations and ensure the stability and security of transactions on the platform.
Stay tuned for more updates and news!!
