📣 CRYPTO MARKET OVERVIEW February 26
Market stats
- Total market capitalization: $2084B
- Spot Volume (24H): $60.54B
- BTC.D: 52.5%
- Total liquidation amount in the last 24 hours: $95M
- Long/short ratio 24: 69% Long
- Number of liquidated traders: 35k
Market news last 24 hours
➡️ In an effort to tackle rising cybercrime, China's Supreme People's Procuracy (SPP) – the country's highest prosecutorial body – is targeting criminals using blockchain projects and metaverse for illegal activities.
➡️ ZachXBT recovers most of $177K worth of stolen NFTs after 9 months of investigation
➡️ #FTX has agreed to sell FTX Europe to its founders for $32.7 million, highlighting the difficulty in finding another buyer.
➡️ Google and social media platform Reddit have entered into a partnership in which Reddit will provide its content to train the search engine giant's artificial intelligence (AI) models.
➡️ Riot Platforms increased BTC production by 19% in 2023, mining 6,626 Bitcoin
➡️ The U.S. Attorney's Office requested that #CZ surrender his Canadian passport and “all other current and expired passports and travel documents” to his legal team.
➡️ The Tron network burned more than 12.62 million tokens this week, likely fueling the rise of altcoins.
➡️ According to CryptoQuant's weekly cryptocurrency report, the #BTC holdings of these institutions have increased significantly from 3.694 million in December 2022 to 3.964 million at the time of writing.
➡️ According to attorney Scott Johnsson, an Ethereum (ETH) spot ETF could be approved by the SEC in May 2024. If not by May, approval could come by mid-2025, Johnsson estimates. Bloomberg ETF analyst James Seyffart also supported Johnsson's view.
