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Geoff Kendrick, head of crypto research at British Bank Standard Chartered, said that there may be an investment flow into Bitcoin from US pension funds. According to Kendrick, a total of $50 to $100 billion will be invested in spot Bitcoin ETFs in 2024. Approximately
Bitcoin ETFs, which had a net inflow of $628 million on January 11, surpassed this amount in this week. On February 13, when the BlackRock ETF received an investment of nearly $500 million, the total net ETF investment hit a record with $631 million.
Leading Ethereum layer-2 blockchain project Starknet announced the details of its much-awaited airdrop. STRK tokens will be airdropped on Feb. 20, with roughly 1.3 million wallets eligible to receive it.
The New York-based company Standard Custody & Trust was acquired by Ripple, whose SEC case has been ongoing since December 2020. It is even rumored that even allegedly will go out of the USA for a while. It was stated that the company providing custody services also has the BitLicense license, which is of great importance for Blockchain and crypto companies.
Crypto gaming and NFT platform PlayDapp was hacked on February 9 and 12. Attackers stole 1.79 billion PLA tokens worth more than $290 million. It was reported that the hackers were not willing to reach an agreement to return the stolen funds
After Bitcoin surpassed $50 thousand in the previous days, all eyes turned to the actions in the options market. According to Bloomberg, option traders are expecting for a new ATH in Bitcoin. Deribit, the biggest crypto options exchange, reported that the numbers of open positions
January inflation data of USA has been announced. Annual inflation, which was announced as 3.4% last month, was 3.1% this time, but the rate was above expectations of 2.9%. Bitcoin dropped to $49,188 after the data was announced.
The trader who made 1.1 million dollars in two days with PANDORA, one of the most talked-about ERC-404 tokens of recent times, lost his money in another token of the same standard. The trader was fortunate that he did not invest all of his money in Pandora here.
After two years, Bitcoin finally breaks $50,000 for the 1st time, yet the Grayscale company is steadily decreasing the amount of BTC it holds. The amount of Bitcoin held by the company decreased to 465 thousand BTC with its $6.4 billion in net outflow by now. For BlackRock and Fidelity, this amount is approximately 87 thousand and 73 thousand, accordingly.
As reported by Ryan Lee, chief analyst of Bitget Research, a cryptocurrency exchange, halving is also crucial after the price changes caused by Bitcoin ETFs. According to this, Lee predicted when Bitcoin will reach its peak.