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CoinMarketCap Announcements

🗞 CryptoNews of the Day 🗞

Stablecoin Issuer Circle Will Stop Minting USDC on Tron Network: Circle, the issuer of the popular USD Coin (USDC) stablecoin, announced on February 20 that it will be discontinuing support for USDC on the Tron blockchain.

👉Details: https://coinmarketcap.com/academy/article/stablecoin-issuer-circle-will-stop-minting-usdc-on-tron-network

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🔎 #CMCResearch: A deep dive into #USDD, a decentralized stablecoin aiming to offer crypto stability 🔎

Launched by TRON DAO Reserve, USDD is multi-chain, fast, and over-collateralized, promising users a digital currency that's both reliable and widely usable.

Discover how USDD maintains its peg and its future in on-chain finance 💪

👉Details: https://coinmarketcap.com/academy/article/deep-dive-on-usdd-decentralized-usd-stablecoin

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CoinMarketCap Announcements

🗞 CryptoNews of the Day 🗞

ARK Invest Sells $90M Worth of Coinbase Shares Despite Stellar Earnings, Analyst Upgrades: ARK Invest, a prominent investment firm led by Cathie Wood, sold nearly half a million shares of Coinbase Global (COIN) for roughly $90 million last Friday.

👉Details: https://coinmarketcap.com/academy/article/ark-invest-sells-dollar90m-worth-of-coinbase-shares-despite-stellar-earnings-analyst-upgrades

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🗞 CryptoNews of the Day 🗞

ETH’s Monthly Gains Reaches 28% as Ethereum Dencun Upgrade Nears: Ethereum is experiencing a bullish run, climbing nearly 4% in a single day and boasting a 28% increase since the start of February.

👉Details: https://coinmarketcap.com/academy/article/eths-monthly-gains-reaches-28percent-as-ethereum-dencun-upgrade-nears

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🗞 CryptoNews of the Day 🗞

Honduras Financial Regulator Restricts Banks From Dealing in Crypto: The Honduran financial system has slammed the brakes on cryptocurrencies.

👉Details: https://coinmarketcap.com/academy/article/honduras-financial-regulator-restricts-banks-from-dealing-in-crypto

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🗞 CryptoNews of the Day 🗞

Solana-based Backpack Exchange Reaches $1B Daily Trading Volume 5 Days After Launching Pre-Season: The Solana-based Backpack crypto exchange has made a splash in its pre-season beta launch, racking up $1 billion in trading volume on February 18, according to the exchange's official X post.

👉Details: https://coinmarketcap.com/academy/article/solana-based-backpack-exchange-reaches-dollar1b-daily-trading-volume-5-days-after-launching-pre-season

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🗞 CryptoNews of the Day 🗞

ApeCoin DAO Choses Layer-2 Network Arbitrum To Build ApeChain: The highly anticipated "ApeChain," a dedicated blockchain for the Bored Ape Yacht Club (BAYC) ecosystem, has chosen leading layer-2 network Arbitrum.

👉Details: https://coinmarketcap.com/academy/article/apecoin-dao-choses-layer-2-network-arbitrum-to-build-apechain

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🗞 CryptoNews of the Day 🗞

Bitcoin Reaches New Highs Against Yen as Economic Weakness Causes Weak Yen: On February 5, Bitcoin hit a record high of 7.9 million yen on the Tokyo-based bitFLYER exchange, while its dollar price hovered around $52,000, significantly below its November 2021 peak.

👉Details: https://coinmarketcap.com/academy/article/bitcoin-reaches-new-highs-against-yen-as-economic-weakness-causes-weak-yen

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🗞 CryptoNews of the Day 🗞

Coinbase Stock Rallies 14.2% After Beating Earnings: US-based cryptocurrency exchange Coinbase saw a 12.7% after-hours stock surge after its Q4 earnings report exceeded expectations.

👉Details: https://coinmarketcap.com/academy/article/coinbase-stock-rallies-142percent-after-beating-earnings

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🗞 CryptoNews of the Day 🗞

Citi Partners With Ava Labs To Complete Proof-of-Concept for Tokenizing Private Equity Funds: Citigroup, alongside other financial institutions like Wellington Management, ABN AMRO and WisdomTree, has completed a successful proof-of-concept for tokenizing private equity funds.

👉Details: https://coinmarketcap.com/academy/article/citi-partners-with-ava-labs-to-complete-proof-of-concept-for-tokenizing-private-equity-funds

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🗞 CryptoNews of the Day 🗞

StarkNet Foundation Announces STRK Airdrop, Over 1.3M Wallets Eligible: The Starknet Foundation has announced the airdrop of its STRK token to nearly 1.3 million wallets in the largest initial distribution by eligible addresses so far.

👉Details: https://coinmarketcap.com/academy/article/starknet-foundation-announces-strk-airdrop-over-13m-wallets-eligible

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🗞 CryptoNews of the Day 🗞

BONK Surges 13% Following Potential Revolut Learn & Earn Deal: Solana-based memecoin Bonk (BONK) jumped 13% after news broke of a potential partnership with European fintech giant Revolut.

👉Details:https://coinmarketcap.com/academy/article/bonk-surges-13percent-following-potential-revolut-learn-and-earn-deal

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CoinMarketCap Announcements

🔎 CMC Research 🔎

January 2024 was an eventful month with the U.S. spot #Bitcoin ETFs approved by SEC, a historic milestone for the crypto industry.🚀

This #CMCReport further delves into the key trends and metrics over 2023, offering in-depth analysis and valuable insights into the top performing tokens, crypto exchanges, DeFi protocols, Layer-1 and Layer-2 networks, NFTs, and more.💪

👉 Details: https://coinmarketcap.com/academy/article/according-to-cmc-crypto-market-analysis-2024

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🗞 CryptoNews of the Day 🗞

U.S. Treasury Secretary Janet Yellen Calls For Regulatory Oversight on Stablecoins: U.S. Treasury Secretary Janet Yellen called for swift Congressional action to address "gaps" in digital asset regulation during a House Financial Services Committee hearing on February 6.

👉Details: https://coinmarketcap.com/academy/article/us-treasury-secretary-janet-yellen-calls-for-regulatory-oversight-on-stablecoins

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🗞 CryptoNews of the Day 🗞

Dymension Launches Mainnet, Airdrops $390M to Eligible Users: The highly anticipated Dymension network launched its mainnet on Tuesday, accompanied by a massive airdrop of DYM tokens worth over $390 million.

👉Details: https://coinmarketcap.com/academy/article/dymension-launches-mainnet-airdrops-dollar390m-to-eligible-users

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🗞 CryptoNews of the Day 🗞

ETH Reaches $3,000 For First Time Since April 2022: Ethereum (ETH), the Ethereum network's native token, surged past $3,000 for the first time since April 2022, extending its recent winning streak.

👉Details: https://coinmarketcap.com/academy/article/eth-reaches-dollar3000-for-first-time-since-april-2022

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🗞 CryptoNews of the Day 🗞

Hong Kong’s Traditional Brokerages Keen To Obtain Virtual Asset License: Hong Kong's crypto market is experiencing a surge of interest from established financial institutions, eager to capitalize on the booming demand for digital assets.

👉Details: https://coinmarketcap.com/academy/article/hong-kongs-traditional-brokerages-keen-to-obtain-virtual-asset-license

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🗞 CryptoNews of the Day 🗞

Sui’s Total Value Locked Nears $600M, With $310M Inflow in the Past Month: Sui, a layer 1 blockchain built by former Meta employees, has witnessed a dramatic surge in total value locked (TVL) this month.

👉Details: https://coinmarketcap.com/academy/article/suis-total-value-locked-nears-dollar600m-with-dollar310m-inflow-in-the-past-month

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🗞 CryptoNews of the Day 🗞

Ronin-based Game PIXEL Enters Top Ten Most-Traded Token After Debut: The PIXEL token, launched Monday on Binance for the popular Ethereum game Pixels, has exploded in popularity, racking up over $1.3 billion in trading volume.

👉Details: https://coinmarketcap.com/academy/article/ronin-based-game-pixel-enters-top-ten-most-traded-token-after-debut

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🗞 CryptoNews of the Day 🗞

Decentralized Exchange FixedFloat Exploited for $26M in BTC and ETH: Decentralized exchange FixedFloat fell victim to a hack, losing at least $26 million worth of Bitcoin and Ethereum.

👉Details: https://coinmarketcap.com/academy/article/decentralized-exchange-fixedfloat-exploited-for-dollar26m-in-btc-and-eth

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🗞 CryptoNews of the Day 🗞

Sam Altman’s Worldcoin Wallet App Hit 1M Daily Users as WLD Rallies: Worldcoin (WLD), the cryptocurrency project co-founded by OpenAI CEO Sam Altman, has surged over 140% in the past week, coinciding with its user base surpassing 1 million daily users.

👉Details: https://coinmarketcap.com/academy/article/sam-altmans-worldcoin-wallet-app-hit-1m-daily-users-as-wld-rallies

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🗞 CryptoNews of the Day 🗞

Klaytn Merges With Finschia, Launches New Foundation in Abu Dhabi: South Korea's Klaytn and Abu Dhabi's Finschia blockchains have finalized a merger, paving the way for the creation of "Project Dragon."


👉Details: https://coinmarketcap.com/academy/article/klaytn-merges-with-finschia-launches-new-foundation-in-abu-dhabi

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🗞 CryptoNews of the Day 🗞

Spain’s Largest Telecom Provider Partners With Chainlink To Prevent Sim Swap Attacks: Telefónica, the Spanish telecom giant, is teaming up with Web3 oracle provider Chainlink to bolster security against SIM swap attacks.

👉Details: https://coinmarketcap.com/academy/article/spains-largest-telecom-provider-partners-with-chainlink-to-prevent-sim-swap-attacks

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🔎 #CMCResearch 🔎

CoinMarketCap and IoTex dive into Decentralized Physical Infrastructure Networks (DePIN) and the technology stack of modular layers that compose the DePIN ecosystem.🔗

By leveraging crypto-economic rewards, DePINs encourage community-driven growth, fundamentally altering our approach to constructing and understanding our environment.🚀

👉 Details: https://coinmarketcap.com/academy/article/the-modular-depin-infrastructure-a-comprehensive-overview

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🗞 CryptoNews of the Day 🗞

Bankruptcy Judge Allows Genesis To Liquidate $1.3B Worth of GBTC Stock: A New York bankruptcy judge has granted Genesis Global Holdco permission to liquidate roughly $1.3 billion worth of Grayscale Bitcoin Trust (GBTC) shares to compensate investors.

👉Details: https://coinmarketcap.com/academy/article/bankruptcy-judge-allows-genesis-to-liquidate-dollar13b-worth-of-gbtc-stock

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🗞 CryptoNews of the Day 🗞

Bitcoin Futures Open Interest Hits Highs of November 2021 as BTC Surge Past $52,000: The notional open interest of Bitcoin futures contracts has climbed to a 26-month high of $21 billion, fueling optimism about the leading cryptocurrency's recent price rally.

👉Details: https://coinmarketcap.com/academy/article/bitcoin-futures-open-interest-hits-highs-of-november-2021-as-btc-surge-past-dollar52000

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CoinMarketCap Announcements

We are pleased to announce that @Galaxisxyz is the latest project to join our #CMCLabs as an incubatee, a part of the CoinMarketCap Web3 Accelerator Program.

Galaxis is poised to transform the paradigms of interaction, cooperation, and innovation within decentralized networks.

Watch this space as we back Galaxis on its mission to fuel decentralized communities! 🔥

Details: <https://coinmarketcap.com/academy/article/cmcs-strategic-incubation-of-galaxis-unveiled-a-new-era-for-blockchain-powered-communities&gt;

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CoinMarketCap Announcements

We are thrilled to announce Galaxis as our new Incubatee of #CMCLabs, CoinMarketCap's Web3 Accelerator Program 🤝🔥

Galaxis is set to revolutionize how we connect, collaborate, and create 🧠
Stay tuned for more updates as we support Galaxis's journey to empower decentralized communities! 🚀

👉 Details: https://coinmarketcap.com/academy/article/cmcs-strategic-incubation-of-galaxis-unveiled-a-new-era-for-blockchain-powered-communities

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🗞 CryptoNews of the Day 🗞

South Korean Crypto Executives Apprehended for Allegedly Looting $828M Worth of Crypto: Three executives at yield platform Haru Invest were arrested by South Korean authorities.

👉Details: https://coinmarketcap.com/academy/article/south-korean-crypto-executives-apprehended-for-allegedly-looting-dollar828m-worth-of-crypto

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🗞 CryptoNews of the Day 🗞

MicroStrategy Buys Another $37M More of Bitcoin, BTC Holding Now $8.1B: MicroStrategy, the leading public Bitcoin holder, continues its bullish stance, acquiring another 850 BTC in January, bringing its total to 190,000, worth a staggering $8.1 billion.

👉Details: https://coinmarketcap.com/academy/article/microstrategy-buys-another-dollar37m-more-of-bitcoin-btc-holding-now-dollar81b

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