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Daily News | Bitcoin returns above $60,000 after 829 days and briefly breaks through $64,000; Bitwise CEO says Bitcoin may rise to $250,000.

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Selected News:

1. Bitcoin broke through $64,000 in a short period of time, with a 24-hour increase of 11.63%.

2. Grayscale will transfer 2204 bitcoins to Coinbase Prime tonight.

3.Telegram: The advertising platform will be launched in March and will use the TON blockchain for payments and withdrawals.

4. Bitcoin returned above $60,000 after 829 days.

5.Bitwise CEO: Bitcoin may rise to $250,000 at an unimaginable speed;

Price Observation

APT breaks through $12, with a 24-hour increase of over 20%

On February 29th, according to OKX market information, APT broke through $12 and is now priced at $12.08, with a 24-hour increase of 21.35%.

BLAST futures price is now reported at $6.52, with a 24-hour decline of 4.33%.

On February 29th, according to Aevo market information, BLAST futures price is now reported at $6.52, with a 24-hour decline of 4.33%.

SOL short-term breakthrough $120, 24-hour increase of more than 10%

On February 29th, according to OKX market information, SOL broke through $120 in a short period of time and is now priced at $120.12, with a 24-hour increase of 10.13%.

AR breaks through $30 and falls back, with a 24-hour increase of 40%

On February 29th, according to OKX market information, AR fell back after breaking through $30 and is now priced at $28.03, with a 24-hour increase of 40%.

ARKM 24-hour surge over 50%, currently priced at $2.1852

On February 29th, according to market data, ARKM is currently priced at 2.1852 US dollars, with a 24-hour increase of 52.42%.

Ethereum breaks $3400, up 5.2% in 24 hours

On February 29th, according to OKX market data, Ethereum broke through $3400 and is now priced at $3412, with a 24-hour increase of 5.2%.

Bitcoin breaks $64,000 in a short time, with a 24-hour increase of 11.63%

On February 29th, according to OKX market data, Bitcoin briefly broke through $64,000 and is currently priced at $63,610, with a 24-hour increase of 11.63%.

Bitcoin priced in RMB hits a new all-time high, now trading at 455,000 yuan

On February 29th, according to market data, Bitcoin priced in RMB officially reached a new historical high, currently trading at 455,000 yuan (63,229 USD, with an exchange rate of 1 USD: 7.2 RMB).

BlockBeat Note: The previous high of Bitcoin priced in RMB was 442,290 yuan, with an exchange rate of 1:6.39 at that time.

MASK surged above $5, with a 17% increase in the past 24 hours.

On February 29th, according to OKX market data, MASK rose above 5 US dollars, with a current price of 5.01 US dollars and a 24-hour increase of 17%.

DOGE breaks through $0.11, with a 24-hour increase of 18.8%

On February 29th, according to OKX market data, DOGE broke through $0.11 and is currently priced at $0.116, with a 24-hour increase of 18.8%.

On February 28th, according to The Block, global investment management company VanEck has partnered with Nueva.Tech, Delegate.xyz, MINTangible.io, Portals.to, and Walletchat.fun to launch a NFT marketplace and digital asset platform called SegMint.

It is reported that VanEck is one of the earliest companies to apply for a spot Bitcoin ETF in the United States. Its HODL product was launched on January 11th along with nine other spot Bitcoin ETFs.

VeChain announced the launch of VeBetterDAO, which will introduce incentive token B3TR and governance token VOT3.

On February 28th, according to official sources, VeChain announced the launch of VeBetterDAO. The goal of VeBetterDAO is to accelerate the adoption of VeChain through user-friendly dApps, with the aim of directly supplementing the existing token structure by increasing transaction demand and usage.

It is reported that VeBetterDAO will be launched in three phases, introducing incentive token B3TR and governance token VOT3. In order to attract initial user groups, VeChain will carry out a series of B3TR airdrop activities in the coming months to ensure widespread distribution and reward user participation.

CeFi Information

Coinbase: All website services have been restored

On February 29th, Coinbase announced on its social media platform that all services on the website have been restored. However, a small number of user account balances may be inaccurate, and the technical team is working to resolve this issue. Earlier today, the Coinbase platform experienced an outage during extreme market conditions.

Viewpoint Data

Bitcoin's third largest holding address increased its holdings by 4,809 bitcoins today, with a cumulative unrealized profit of $4.1 billion.

On February 29th, according to on-chain data, the third largest Bitcoin holding address increased its holdings by 4809 BTC, worth approximately $292 million. This is the first time the address has added to its holdings since January 5th of this year. The address has been continuously increasing its Bitcoin holdings since 2019 and currently holds 131,945 BTC, worth approximately $8.2 billion, with an unrealized profit of $4.1 billion.

Snowden: It is expected that sovereign governments will continue to buy Bitcoin this year and use it as a substitute for currency gold reserves

On February 29th, Edward Snowden, the whistleblower of the "Prism Gate", stated that it is expected that sovereign governments will continue to purchase Bitcoin this year and use it as a substitute for currency gold reserves.

Salvador's Bitcoin holdings have made a profit of over 40% and there are no plans to sell

On February 29th, Salvadoran President Nayib Bukele tweeted that with the rise in Bitcoin prices, El Salvador's Bitcoin holdings have made a profit of over 40%. Bukele also stated that El Salvador has no plans to sell Bitcoin. It is reported that El Salvador's average holding cost is $44,292, and its treasury holds a total of 2381 Bitcoins.

Insider: Morgan Stanley is studying whether to add Bitcoin spot ETF to brokerage platform

On February 29th, according to two sources familiar with the matter cited by CoinDesk, Morgan Stanley is conducting due diligence on whether to add a Bitcoin spot ETF product to its brokerage platform. One of the sources said that since the US Securities and Exchange Commission (SEC) approved the launch of a Bitcoin spot ETF in the United States in January this year, Morgan Stanley has been evaluating the provision of Bitcoin spot ETFs to its clients.

Currently, there are 10 Bitcoin spot ETFs traded in the United States, with the largest assets being Grayscale's GBTC, BlackRock's IBIT, and Fidelity's FBTC. It is currently unclear which products Morgan Stanley plans to offer its clients. Morgan Stanley currently manages over $150 billion in assets and is the first major US bank to offer Bitcoin funds to wealthy clients.

GBTC daily net outflow of $216 million

On February 29th, according to BitMEX Research, GBTC had a net outflow of $216 million on the 28th.

Today's Bitcoin spot ETF trading volume is nearly $7.7 billion, setting a new record for daily trading volume.

On February 29th, James Seyffart, an ETF analyst at Bloomberg, stated that the daily trading volume of Bitcoin spot ETF reached 7.69 billion US dollars, setting a new historical record since its release. The previous record was 4.66 billion US dollars.

In the past 24 hours, the total liquidation data across the network has risen to $610 million, with both long and short positions being liquidated.

On February 29th, according to Coinglass data, the total liquidation amount in the past 24 hours has risen to $610 million, with long positions liquidated at $268 million and short positions liquidated at $342 million.

Within just one hour, a liquidation of 303 million US dollars occurred.

Bitwise CEO: Bitcoin may rise to $250,000 at an unimaginable speed

On February 28th, Bitwise CEO Hunter Horsley posted on social media that the speed at which Bitcoin is consuming the Total Available Market (TAM) of gold will exceed people's expectations. The speed at which Bitcoin reaches $250,000 may be much faster than most people who have been following the industry for years imagine. For 15 years, Bitcoin has proven its advantages, but only a few people can use it. Bitcoin ETF is the IPO moment of Bitcoin. Now, any investor can use it with just one click, and the market (TAM) has increased tenfold.

Glassnode: Only 0.62% of trading days closed above $61,000

On February 28th, Glassnode posted on social media that data shows only 31/4973 (0.62%) trading days had a closing price higher than $61,000.

ETH/BTC exchange rate fell to 0.055, with a 3-day decline of 8.4%