Episode 543
📍 Researchers at the University of Texas at Austin have developed a water-harvesting technology using organic materials like kitchen scraps and seashells, producing nearly four gallons of clean water daily per kilogram of material.
📍 Swiss National Bank President Martin Schlegel has dismissed the idea of holding bitcoin as part of the central bank's reserves, citing volatility, liquidity concerns, and security risks, despite a growing debate in Switzerland over the nascent asset class.
📍 Bitcoin ETFs in the US saw $94.3 million in inflows on February 28, ending an eight-day outflow streak, as the cryptocurrency market started showing signs of recovery, with bitcoin price recovering to $84,900 after hitting a low of $78,000.
📍 Marathon Digital, a publicly traded crypto mining company, posted a record-high Q4 quarterly revenue of $214 million, beating analyst estimates, but its bottom line remains heavily dependent on the price of Bitcoin, which is inherently unpredictable.
📍 Coinbase has seen its SEC lawsuit dismissed, and its shares closed above $235, but the current market rout has done wonders for volumes on the exchange, with a 65% spike in the past day alone.
