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Opinion: Global M2 Money Supply Growth Could Trigger Significant Bitcoin Rally

5 hours ago

February 26th: The continuous growth of the global M2 money supply has the potential to lead to a significant Bitcoin rally. However, analysts caution against placing all one's eggs in this newly emerging signal. Pav Hundal, the Chief Analyst at the crypto exchange Swyftx, told Cointelegraph, "This is not a market where one should bet all funds in pursuit of quick gains. Nevertheless, our core forecast remains that the market will remain strong starting from March onwards." Furthermore, Bravo Research stated that the US money supply has doubled within just 10 years. "This surge in liquidity could potentially fuel Bitcoin's parabolic rise."
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MEXC Ventures Invests $16 Million in Strategic Investment in Ethena

On February 26th, as per official channels, the MEXC trading platform declared a $20 million investment in Ethena's synthetic dollar USDe with the aim of boosting the development of stablecoins. Additionally, MEXC's investment branch, MEXC Ventures, extended $16 million in strategic financing to Ethena.

14 minutes ago

Ethereum Foundation: to donate $1.25 million for Legal Defense of Tornado Cash Developers

On February 26th, the Ethereum Foundation officially made an announcement that it will contribute $1.25 million for the legal defense of Tornado Cash developer Alexey Pertsev, indicating that "privacy is normal and writing code is not a crime."

14 minutes ago

Ark Invest bought $8.7 million worth of COIN stock this Tuesday and sold an equivalent amount of Bitcoin spot ETF.

On Tuesday of this past week, Ark Invest purchased 41,032 shares of Coinbase stock for its Next Generation Internet ETF (ARKW), with a value of $8.7 million. During the widespread cryptocurrency market sell-off, it also sold $8.6 million worth of spot Bitcoin ETF. This is the first time since Ark purchased $2.2 million worth of COIN on October 8th of last year that it has bought Coinbase stock for its fund. According to the company's disclosure, as of February 25th, COIN is currently the sixth largest holding in its ARKW fund, accounting for a weight of 5.5% and having a value of approximately $94.4 million.

14 minutes ago

Christian and HongKongDoll will update their Twitter avatars to the Sign Glasses avatar.

On February 26th, Doll Sister HongKongDoll and Infini founder Christian altered their Twitter profile pictures to the Sign eye sunglasses avatar.
As per previous reports, Sign completed a $16 million financing round, with Yzi Labs taking the lead. The price of the Seeing Signs NFT has witnessed a significant increase, rising from a mint price of 0.2 ETH to 2.4 ETH.

14 minutes ago

A newly created wallet transferred 400,000 TRUMP from Binance, equivalent to approximately $5,230,000

February 26th. As per the monitoring of Onchain Lens, a newly established wallet dispatched 400,000 TRUMP from Binance 17 minutes ago, amounting to approximately $5.23 million.

14 minutes ago

IntoTheBlock: Bitcoin Held in 1K-10K Addresses Witnessed an Outflow of 25,740 BTC in the Last 7 Days

On February 26th, IntoTheBlock released a post indicating that in the range of addresses holding 1,000 to 10,000 Bitcoin, the main sellers were during this recent drop. They sold off 25,740 BTC in the past 7 days. However, overall on-chain data shows that Bitcoin addresses are accumulating in general. This suggests that many traders are taking the opportunity of the lower prices to increase their holdings of BTC.

14 minutes ago

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