Sponsor: Kraken — Sign up for an account and see what crypto can be.
- 🇳🇬 Nigeria chasing mega
Binance fine. Binance's regulatory issues are far from over; Nigeria is looking to take a hard stance against the exchange and reportedly wants a $10B fine. - 🇧🇷 BlackRock gets Brazil BTC ETF. BlackRock is taking its BTC ETF show on the road, launching the iShares
Bitcoin Trust ETF in Brazil today. - 🇸🇻 El Salvador up big. President Nayib Bukele is taking a victory lap, noting that his country's BTC holdings are up over 40%.
📊 February stuns. Crypto tokens remain in pursuit of all-time highs while TradFi indices set new ones!
The S&P 500 (SPX), an index of the 500 largest stocks trading on US exchanges, has now closed out 16 of its last 18 weeks green, with the near uninterrupted 25% bull run since late October providing strong confirmation for the broader market’s risk-on appetite. The Risk Rally continues, but how long can it last?
| Prices as of 4pm ET | 24hr | 7d |
|
Crypto $2.33T | ↗ 2.8% | ↗ 19.5% |
|
BTC $62,794 | ↗ 3.4% | ↗ 23.1% |
|
ETH $3,436 | ↗ 3.5% | ↗ 16.7% |
Worldcoin is in the big leagues now after a massive buying spree fueled by AI investing narratives, pushed the low-float token's fully diluted value (FDV) into the stratosphere.
The project is now sporting a nearly $80 billion FDV, but with just 1.4% of the project's tokens currently in circulation, there's a big asterisk to that figure. The question is whether the project has any chance of maintaining such a high value as investor token unlocks drastically increase the available supply of the token.
To get a sense of where the token goes next, two Bankless analysts take opposite POVs in our latest Bull vs Bear. Let's kick things off with the bear case. 👇
Kraken is one of the largest and most secure crypto platforms in the world. They've been in the crypto game for over a decade, and now they're inviting us all on a journey to see what crypto can be.
Everyone has an opinion about Tether.
But what does Paolo think? Paolo Ardoino is the CEO of Tether, the $100 billion stablecoin company that owns more U.S. Treasuries than most countries.
We explore why Tether is winning and what really backs $USDT. We also cover the state of stablecoin regulation and market competitors.
Bankless Citizens get Early Access to our Monday podcast 👇
Each week, Citizens get a curated list of yield opportunities that the Bankless team is watching. As a free subscriber, you're missing out! 👇
Many Bankless Citizens who completed the Jito quests in our Airdrop Hunter app just earned five-figure airdrop paydays!
It's airdrop season, and plenty of other protocols are preparing to reward early users. Get on their lists. Start hunting!
