Top News:

1. Insider: SBF recommends prison guards invest in SOL;

2. Arweave shifts towards Web3 full-stack protocol, AR breaks through $24, with a 24-hour increase of 50.75%.

3. DWF Labs launches OTC trading platform Liquid Markets;

4. Bitcoin ETF total assets under management exceeded $40 billion.

5. The meme coin sector is on the rise, with PEPE up over 45% in the past 24 hours.

Today's Recommended Articles

"24-hour surge of over 50%, Arweave is going to be the "Ethereum Killer" again?"

Introduction: Yesterday, the blockchain storage protocol Arweave released its public testnet, Arweave AO, which is designed for social media and AI computing layers. Subsequently, its native token AR saw consecutive price increases, and at the time of writing, AR broke through $24 with a 51% increase in the past 24 hours.

"What cryptocurrencies have been ignited by President Trump's consecutive primary victories?"

Introduction: According to calculations and reports from multiple mainstream media outlets in the United States, former President Donald Trump won the Republican primary in Michigan on the 27th. This former president has been continuously making headlines and social media discussions by winning consecutive victories in the 2024 US presidential primary. If one had invested in the Trump-related Meme coins and NFTs since February 6th, what kind of investment returns could be obtained currently?

"《空投年，这些项目你不能错过》"

Translation: "

"《The Airdrop Year, These Projects You Can't Miss》"

Introduction: Less than 60 days into 2024, several large-scale projects have already launched airdrops, and the airdrop party is still ongoing. According to Daily Degen's estimation, there are expected to be dozens of projects that will launch coins and airdrops this year.

"Market Observation: This Bull Market is Different from the Past, Your Trading Strategy Needs to Adjust"

Introduction: The method to maximize profits is to focus on cultivating good projects.

Price Observation

Bitcoin breaks $59,000According to OKX market data, Bitcoin has briefly surpassed $59,000 and is currently trading at $59,024, with a 24-hour increase of 4.69%, continuing to set new highs since January 2022.

Ethereum breaks $3300According to OKX market data, Ethereum has broken through $3300 and is currently priced at $3303, with a 24-hour increase of 2.64%.

AR breaks through $24, up more than 50% in 24 hoursAccording to market data, AR has broken through $24 and is now priced at $24.45, with a 24-hour increase of 50.75%.

ORDI breaks $76, up more than 10% in the past hourAccording to the OKX market information, ORDI has broken through $76 and is currently priced at $76.4, with an increase of over 10% in the past hour.

PEPE's price has surged to over 0.0000034 USD, with a 24-hour increase of 60.75%.

According to OKX market data, PEPE has risen and broken through 0.0000034 US dollars, with a current price of 0.00000345 US dollars, and a 24-hour increase of 60.75%.

The meme coin sector is up across the board, with PEPE up over 45% in the past 24 hours.

According to market data, the meme coin concept sector is generally rising, including:

PEPE has seen a 45.36% increase in the past 24 hours, currently trading at 0.00000283 USD;

WIF's 24-hour increase reached 22.42%, currently trading at $0.6535 USD;

As the price of Bitcoin surpasses $57,000, currently trading at $57,131, MicroStrategy's Bitcoin holdings have gained over $4.9 billion, with a total of 193,000 Bitcoins held at an average purchase price of $31,544 per coin. The total value of MicroStrategy's Bitcoin holdings has surpassed $11 billion.

Data: Net inflow of $576.9 million into US Bitcoin spot ETF yesterday

According to Farside Investors data, the net inflow of the US Bitcoin spot ETF was $576.9 million on February 27th. Specifically, Grayscale GBTC saw an outflow of $125 million, while BlackRock's IBIT saw an inflow of $520 million and Fidelity's FBTC saw a net inflow of $126 million.

Financing Express

DePIN project Geodnet completes $3.5 million financing, led by North Island Ventures

Geodnet has completed a new round of funding of $3.5 million, led by North Island Ventures, with participation from Modular Capital, Road Capital, Tangent, and Reverie. Geodnet is a community-based decentralized physical infrastructure network (DePIN), where anyone can contribute to the network by installing and operating a reference station called a satellite miner. The standard GPS has an error of typically two meters, while devices connected to the Geodnet global RTK network can achieve real-time accurate positioning within 1-2 centimeters.

Pantera Capital announced investment in decentralized lending protocol Morpho Labs

Pantera Capital has announced an investment in the decentralized lending protocol Morpho Labs. Since 2017, the DeFi sector has made significant progress, and Pantera Capital believes that Morpho represents the next stage of evolution for lending platforms. Morpho has developed a more robust, user-controlled risk assessment platform and introduced a unique loan pool pairing system that effectively reduces the spread between borrowers and lenders, allowing users to choose risk assessors.

BlockBeats previously reported that DeFi lending protocol Morpho completed a $18 million financing round through native token sales in July 2022. The round was led by a16z and Variant, with participation from Nascent, Semantic Ventures, Cherry Crypto, Mechanism Capital, Spark Capital, Standard Crypto, and Coinbase Ventures.

Regulatory News

The US Internal Revenue Service has hired two cryptocurrency tax experts to strengthen enforcement and compliance of digital asset taxation.

According to Cointelegraph, the US Internal Revenue Service (IRS) has appointed two cryptocurrency tax experts from the private sector to help lead the agency's efforts to establish a service, reporting, compliance, and enforcement plan focused on digital assets. The US tax filing season officially began on January 29th, and since then, the IRS has issued multiple notices urging citizens to report their income from cryptocurrency and digital assets, including NFTs.

SBF proposes a sentencing range of 63 to 78 months for FTX fraud conviction

According to the sentencing memorandum of FTX founder SBF, SBF proposed a sentencing range of 63 to 78 months for the conviction of fraud against FTX.

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