Crypto Today (28th Feb 2024) 9 Bitcoin ETF Funds Surpass $2B
1. 9 BITCOIN ETF FUNDS SURPASS $2B IN VOLUME, BLACKROCK BREAKS RECORD WITH $1.3B
In the early morning of February 28, 2024, 9 recently launched Bitcoin ETF funds set a new record for trading volume, totaling $2.4 billion. Among these funds, Blackrock's IBIT contributed $1.3 billion, equivalent to 30% of the total volume, and broke its previous record.
2. LENS PROTOCOL OPENS ITS DOORS TO ALL USERS WITH A FEE OF 8 MATIC
Recently, Lens Protocol, operating on the Polygon blockchain, officially opened its doors to all users with a fee of 8 MATIC tokens (approximately $10.30) or payment via credit card. Now, anyone can mint a Lens Profile and access the protocol.
3. UNISWAP INTRODUCES 3 NEW TOOLS: BROWSER EXTENSION, LIMIT ORDERS, AND DATA DASHBOARD
Uniswap has just released 3 new tools to facilitate users' money transfers and crypto transactions, including:
- Uniswap Wallet Extension: A browser extension simplifies swapping digital assets, transaction approval, and online crypto trading.
- Limit Orders: Automatically executes trades when tokens reach a predetermined price set by the user.
- Data Dashboard: Displays detailed charts, pool data, transaction logs, and other integrated information for traders.
However, with the Uniswap Extension, users need to join a waitlist by claiming the uni.eth username and wait for access permission within 4 to 6 weeks.
4. JUSTIN SUN IS HOLDING $1.6 BILLION WORTH OF BITCOIN ON THE EXCHANGE
Last night, Justin Sun posted a screenshot of his HTX wallet on X, revealing that he is holding 28,614 Bitcoins, worth about $1.6 billion. This is in response to previous speculation that Justin Sun does not frequently use the HTX platform, despite being an advisor to the company.
5. TODAY'S AIRDROP SCHEDULE: XAI, MOCAVERSE, AI ARENA
Today, the platforms announcing airdrops include XAI, Mocaverse, and AI ARENA. Specifically:
- XAI is launching staking V1 with $30 million worth of XAI. The platform announces that V2 will be launched soon.
- Mocaverse will airdrop 500k $PIXEL to NFT holders and Moca ID holders.
- AI ARENA Round 2 will officially start today and end at 12:00 PM on February 29th.
6. COINBASE SUPPORTS THE RECOVERY OF TOKENS SENT MISTAKENLY TO THE BNB SMART CHAIN AND POLYGON
Recently, Coinbase announced that it has updated its tool to support the return of such tokens to the sender's address or any other self-custodial wallet. Coinbase stated that the new decision will facilitate the recovery of nearly 3,000 tokens on the BNB Smart Chain.
The exchange charges a 5% fee on the amount needing to be recovered over 100 USD, along with a separate network fee applied to all recovery transactions.
7. GALA GAMES LAUNCHES GALASWAP
Gala Games has announced the launch of the first DEX GalaSwap on the GalaChain. This is a decentralized, secure token trading gateway. Additionally, the platform also announced 7 tokens are live including $GALA, $MTRM, $SILK, $USDT, $GWETH, and others.
8. ARWEAVE (AR) LAUNCHES TESTNET FOR ARWEAVE AO
Arweave has released a public test network for Arweave AO, a new blockchain network aimed at providing significant scalability improvements and inviting technology enthusiasts as well as community members.
This initiative is built upon Arweave's existing data storage platform, to support various types of applications, including social media and artificial intelligence (AI).
9. LAYER-1 BLOCKCHAIN INITIA COMPLETES A $7.5 MILLION FUNDRAISING ROUND
The Layer-1 blockchain project on the Cosmos network, Initia, continues its successful fundraising with $7.5 million, just 4 months after the Pre-Seed round with participation from Binance Labs.
Other investors in this round include Nascent, Figment Capital, a_capital, Big Brain Holdings, and notable angel investors such as renowned crypto market KOL Cobie, Nick White, Smokey, Zaheer Ebtikar, DCF GOD.
In addition to the successful fundraising announcement, Initia also unveiled the Vested Interest Program (VIP) product. The program is designed to distribute token rewards of INIT and adjust benefits for users, developers, and Layer-2.
10. BINANCE LABS ANNOUNCES INVESTMENT IN BABYLON
Binance Labs has just announced its investment in Babylon, a protocol supporting users to stake Bitcoin and utilize capital across PoS networks.
Utilizing the Cosmos SDK toolkit, Babylon will serve as an intermediate protocol layer, facilitating the conversion and connection between Bitcoin's Proof of Work (PoW) consensus mechanism and PoS protocols.
The “Restaking” model has quietly been developed for over a year and has recently become a trend with the rise of EigenLayer. In addition to Babylon, Binance Labs recently invested in two protocols in the Liquid Restaking space, Renzo and Puffer Finance.
Through this article, hope you can stay updated on the latest cryptocurrency market information. To make effective investment decisions, remember to regularly follow updates to stay informed about the latest developments.
