Since 2017, the total historical financing of blockchain-related projects has exceeded $90 billion
According to The Block Research, since 2017, crypto and blockchain-related projects have raised more than $90 billion in historical fundraising and more than 9,500 financing transactions. In addition, since the beginning of the year, there have been more than 230 fundraisings with a total funding amount of nearly $1.3 billion, the vast majority of which have been invested in DeFi, infrastructure, NFT games, and more.
Last weekA total of 31 public investment and financing events occurred in the blockchain and crypto industry, with a cumulative financing of about 2$3.8 billion.
From February 19 to February 25, 2024, a total of 31 public investment and financing events occurred in the blockchain and crypto industry, with a cumulative financing of about 2$3.8 billion.
From the perspective of track distribution, the projects that received financing were mainly distributed in the infrastructure and DeFi tracks, completing 10 and 11 financings respectively. The liquidity re-pledge track continues to be hot, and EigenLayer received $100 million in financing from A16Z; Binance Labs announced an investment in Renzo. Other popular projects include Altlayer, an execution layer system, Beoble, a communication infrastructure, Matr1X, a metaverse, SuperFluid, a Web3 streaming payment protocol, and many more.
In addition, according to incomplete statistics from chaincatcher, in the nearly three months from the end of October 2023 to the end of January 2024, at least more than 11 bitcoin mining companies announced financing, raising more than $700 million. In addition, some miners are still actively raising funds, and Marathon Digital submitted an S-3** plan to the SEC to raise up to 7$500 million. With a proposed financing of more than $1.5 billion in 3 months, Bitcoin miners are preparing ammunition for a new halving.
BeautyThe SEC has sought public comment on options trading on Bitwise, Grayscale's spot Bitcoin ETF
The New York Stock Exchange (NYSE) has proposed a proposed rule change to the U.S. Exchange Commission (SEC) to allow Bitwise Bitcoin ETF (BITC), Grayscale Bitcoin Trust (GBTC), and any trust that holds Bitcoin to trade options. If the rule change is approved, options will be traded in the same way as options on other ETFs on the exchange, including commodity ETFs. At present, the US SEC has solicited public comments on options trading on Bitwise and Grayscale Bitcoin spot ETFs.
Registered Investment Consulting FirmCarson Group has provided clients with exposure to spot Bitcoin ETFs
According to Bloomberg, Carson Group, a registered investment advisory firm with $30 billion in assets under management, has provided its clients with spot Bitcoin exposure, of which among the 10 ETFs currently listed in the United States, Carson has selected 4 ETFs, namely Blackrock iShares Bitcoin Trust (IBIT), Fidelity Wise Origin Bitcoin Fund (FBTC), Bitwise Bitcoin ETF (BitB) and Franklin Bitcoin ETF (EDB).
Bitcoin is expected to have a quarter of the market
Jurrien Timmer, global macro director at Fidelity, foresees that bitcoin will win nearly a quarter of the current market, which is largely held by banks and private investors. Timmer analyzed the total market capitalization of ** (excluding jewelry and industrial use) and Bitcoin, and predicted that the market capitalization of Bitcoin could reach 1$5 trillion, which is $500 billion more than the market capitalization of existing bitcoins in circulation. "I estimate that Bitcoin will eventually account for about a quarter of the currency** market," Timmer said. He speculated that the currency, which is used as an investment reserve, accounts for about 40% of the total amount on the ground and is valued at about $6 trillion. Timmer also noted that while Bitcoin's growth to date is consistent with the stock flow model, the model may no longer be applicable once the total number reaches the 21 million cap and the production of new coins stops.
Social platformReddit filed for an IPO and invested some of its cash in Bitcoin and Ethereum
Social media platform Reddit has filed an IPO application on the New York Stock Exchange, with Morgan Stanley, Goldman Sachs, JPMorgan Chase & Co. and Bank of America as lead underwriters, with the likes of Citigroup and Deutsche Bank also participating. According to the filing, Reddit invested some of its excess cash reserves in Bitcoin and Ethereum. In addition, Reddit also owns Ethereum and Matic as a payment method for the sale of certain virtual goods, which it may continue to do in the future.
Riot Platforms: Total revenue of 2$80.7 billion, with a total of 6,626 bitcoins produced
Bitcoin miner Riot Platforms has announced its 2023 full-year financial results. The total revenue in 2023 will be 2$80.7 billion, compared to $2$59.2 billion; A total of 6,626 bitcoins were produced, with a hashrate capacity of 124 eh/s；As of the end of 2023, Riot Platforms has about 5$9.7 billion in cash and 7,362 bitcoins (worth about 3$1.1 billion).
The total amount of ETH pledged on the Ethereum Beacon Chain exceeds 31 million ETH, accounting for 25% of the total amount91%
According to Dune Analytics data, the total amount of ETH pledged on the Ethereum Beacon Chain reached 31,007,096 ETH, accounting for 25% of the total ETH pledged91%。Among them, the staking share of the liquid staking protocol Lido reached 3147%。In addition, the net inflow since the Shanghai upgrade was 11,172,906 ETH.
The issuance of TRC20-USDT exceeded 52.8 billion, a record high
The issuance of TRC20-USDT exceeded 52.8 billion, a record highUp to now, the number of accounts held by TRC20-USDT has reached 38.3 million, and the cumulative number of transfers has exceeded 15700 million. TRC20-USDT is a stablecoin pegged to the US dollar issued by Tether based on the TRON network, which has attracted a large number of users with fast transfer speed and low fees, and has Binance, HTX, OKX, Bitfinex, MEXC, Kucoin, and GateIO, Poloniex and many other exchanges are supported. Based on the TRC20 version, USDT will greatly enhance TRON's existing decentralized application ecosystem, bring higher overall value storage and stronger decentralized exchange liquidity, and provide more convenient blockchain on-ramp for enterprise partners and institutional investors.
J.P. Morgan has announced plans to offer actively managed bitcoin to its private wealth clients**
JPMorgan Chase & Co. has announced plans to offer actively managed bitcoin to its private wealth clients, according to BitcoinLFGO on social media.
Frankfurt, Germany, will set up a new EU anti-money laundering regulator to regulate cryptocurrencies
According to Coindesk, the European Union has chosen Frankfurt, Germany, as the location of its new Anti-Money Laundering Agency (AMLA), which will directly regulate the cryptocurrency space. The agency, which consists of the Anti-Money Laundering Authority itself and the national agencies of the EU's 27 member states, is tasked with ensuring that countries comply with all EU-agreed anti-money laundering and counter-terrorism financing obligations.
The application for a virtual asset trading platform license in Hong Kong submitted by Huobi HK has been withdrawn
According to the official report of the Hong Kong Securities and Futures Commission**, Huobi HK's application for a virtual asset trading platform license submitted to the Hong Kong Securities and Futures Commission has been withdrawn. The virtual asset trading platform operator company name submitted by Huobi HK is HBGL Hong Kong Limited, and the application was submitted on February 20, 2024, and the application was withdrawn on February 23, 2024.
The U.S. Department of Energy agreed to temporarily suspend the mandatory investigation of Bitcoin miners
According to Reuters, the U.S. Department of Energy filed a notice with the U.S. District Court for the District of Wacosi, Texas, on Friday, saying that the Department of Energy agreed to temporarily suspend a mandatory investigation into the energy use of cryptocurrency miners and seal data received after it began collecting Bitcoin miners' details earlier this month after a lawsuit was filed by crypto miner Riot Blockchain and the Texas Blockchain Council (TBC).
The Texas Blockchain Council (TBC) and crypto miner Riot Platforms previously filed a lawsuit alleging that the U.S. Department of Energy, Energy Information Administration (EIA), Office of Management and Budget (OMB), and their leadership attempted to conduct intrusive data collection on cryptocurrency miners.
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