Today Bitcoin News: Bitcoin Price Breaks Through $56K Mark
Approaching the $57K mark, Bitcoin experiences record-high trading volume with 9 ETFs. Based on data from the Klarda App, Bitcoin (BTC) surpassed the 56,000 USDT milestone, showing a 9.71% increase in the past 24 hours, and is now trading at 54,255.11 USDT.
Bitcoin Price by Klarda App
9 Bitcoin Spot ETFs recorded $2.4 billion in volume in this morning's trading session, double the daily average and surpassing the $2.2 billion record set on January 11, also the launch date of Bitcoin ETFs in the US. Leading the pack is still BlackRock with over $1.3 billion in volume, followed by $580 million from Fidelity & $278 million from Ark Invest.
Bitcoin ETFs Trading Volume
These figures are only buy/sell volumes and do not yet have official data on cash flow. However, looking at previous weeks, inflows tend to dominate over selling pressure, especially as selling pressure from Grayscale is dwindling, just $22 million in this morning's session, the lowest since the ETF's debut.
Bitcoin is nearing the $57K mark, marking the highest level in over 2 years & continues its journey to break the $69K peak on November 10, 2021, ahead of a series of major events:
- 13/03 – DenCun upgrade
- 25/04 – Bitcoin Halving
- 23/05 - Decision on Ethereum Spot ETF
- May - June – FED policy pivot, interest rate cuts
The above are the highlights of Bitcoin news today. We hope that through this news, you will have a general overview of the events that have taken place in the crypto market. From there, you can make your own informed investment decisions
1. BITCOIN REACHED ITS HIGHEST POINT IN THE PAST TWO YEARS AT $56,000
At 10:00 AM on February 27, 2024, according to the latest update from the Klarda App, the price of Bitcoin reached $56,286. This price has increased by 9.41% and is predicted to continue rising. According to many experts' predictions, the price of Bitcoin could reach $57,000 due to skyrocketing demand.
2. TORNADO CASH BACKEND ATTACKED
A member of the Gas404 community shared that someone has injected malicious code into the backend of the Tornado Cash privacy platform. As a result, users' deposited funds are at risk.
The main cause is a malicious JavaScript code running discreetly, masquerading as a submission from an individual impersonating a Tornado Cash developer on January 1st. Currently, the Tornado Cash website and Discord are still inactive.
According to Gas404's investigation based on data from Etherscan, a deposit has been stolen. In response, Gas404 proposes to revert Tornado Cash to its previous version on IPFS.
Since being sanctioned by the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) in August 2022, transaction activities on Tornado Cash have been declining. The U.S. government has arrested Roman Storm, while the remaining co-founder, Roman Semanov, is still at large. In this context, hackers have been flocking to new money laundering platforms, such as THORChain...
The price of Tornado Cash's token, TORN, has dropped nearly 5% in the past 24 hours.
3. BLAST HAS SCHEDULED THE MAINNET LAUNCH FOR FEBRUARY 29
Layer 2 Blast has confirmed the mainnet scheduled for February 29, 2024. Before the mainnet launch, Blast achieved an impressive milestone, with a total locked value (TVL) of $2 billion across the ecosystem.
Additionally, Blast announces the results of the BIG BANG competition. 47 projects have emerged victorious out of over 3,000 participating teams. These groups will receive funding over the coming months to contribute to the development of the Blast ecosystem.
4. PIXEL OPENS “PET” CASTING ON FEBRUARY 28, 2024
On February 27, 2024, PIXEL announced that pet casting will be open from 12:00 PM to 2:00 AM UTC. However, only 3000 slots are available for over 300,000 gamers, causing extreme FOMO within the community.
Casting will be done in-game and will cost 500 $PIXEL, with each eligible player only able to cast one pet.
5. MICROSTRATEGY PURCHASES AN ADDITIONAL 3,000 BITCOIN
Recently, MicroStrategy's Chairman, Michael Saylor, announced that his company has allocated an additional $155 million to purchase 3,000 Bitcoin. MicroStrategy has increased its Bitcoin holdings to 193,000 BTC, valued at $9.8 billion.
This is the company's second BTC purchase in 2024, following a $37.2 million purchase in January 2024. Previously, in 2023, MicroStrategy acquired over 56,500 BTC through 8 transactions throughout the year.
6. FRAX FINANCE CONSIDERS FEE SHARING FOR USERS, FXS ESTABLISHES A MILESTONE
The team behind the renowned DeFi project on Ethereum, Frax Finance, is considering sharing a portion of the protocol's revenue with those who stake veFXS tokens.
Founder and CEO Sam Kazemian stated that this idea was inspired by last week's proposal from Uniswap, where those who delegate or stake UNI tokens could receive a share of the exchange's trading fees.
7. THE LIQUID STAKING PROTOCOL LIDO SURPASSES THE $30 BILLION FOR THE FIRST TIME
Recently, the liquid staking protocol Lido reached a total locked value (TVL) of $30.56 billion for the first time. Within just one month, Lido's TVL has increased by over $10 billion. Close behind this platform are Rocket Pool ($3.9 billion), Mantle ($1.6 billion), Frax ($970 million), Swell ($804 million), Stader ($641 million)...
8. YUGA LABS LAUNCHES ON MAGIC EDEN ETHEREUM
According to the latest information, Yuga Labs announced the cessation of collaboration with NFT markets that do not support copyright protection for all creators. Alongside this, Yuga Labs also announces the launch of the NFT platform Magic Eden on the Ethereum network on February 28th.
9. TOKEN UNLOCKS LATEST NEWS: YGG, AGIX, PENDLE, PRIME HAS OPENED
Here are some details about tokens scheduled for unlocking on February 27, 2024:
- YGG unlocks 9.53M với total unlock đạt 57.1%
- AGRIX 6.38M với total unlock đạt 70.0%
- PENDLE 124.90k với total unlock đang cập nhật
- PRIME 22.01M với total unlock đạt 30.0%
Find out more at: https://token.unlocks.app/
10. THE MODULAR BLOCKCHAIN AVAIL SUCCESSFULLY RAISED $27 MILLION
Avail, which previously spun off from Polygon, has successfully raised $27 million in its latest Seed Round funding led by the Founders Fund of billionaire Peter Thiel and Dragonfly.
