Episode 535
📍 Bitcoin is on track for its worst month since June 2022, with a 22% decline in February and an almost 18% drop this week, amid growing concerns over a potential trade war between the US and China.
📍 The SEC has dropped its enforcement case against Coinbase, marking a significant shift in the agency's stance on crypto, and has also dismissed its lawsuit against the exchange, citing a desire to reform its regulatory approach to the industry.
📍 The total crypto market capitalization has dropped by 6.4% to $2.65 trillion, with Bitcoin falling below $80,000 for the first time since November 2024, and spot Bitcoin ETFs shedding over $2.4 billion in assets this week.
📍 A group of big-name crypto and blockchain firms, including Coinbase and NEAR, have formed an alliance to develop open AI services, aiming to ensure secure, open-source, economical, and fair AI access.
📍 The crypto market has been rocked by a $1.4 billion hack of the Bybit exchange, the largest ever of its type, and has also seen a significant increase in margin long positions on Bitfinex, with traders buying up Bitcoin with borrowed cash.
