BlackRock has overtaken Grayscale's Bitcoin ETF in terms of trading volume.

On February 1, Bitcoin ETF recorded a net investment inflow of $38.4 million. This is the fifth day that this sector has recorded positive investment inflow.

The Grayscale Bitcoin Trust (GBTC), which is considered a prominent representative in this world, has undergone economic investments worth $182 million. Combined with nine other ETFs excluding shades of grey, it generated $220 million in net inflows.

The black streak for shades of gray continued as BlackRock's iShares Bitcoin Trust (IBIT) outperformed GBTC trading volume. This first happened on January 11th when spot BTC-ETFs were launched in the US.

 

Solana 'Chapter 2' crypto phone reaches 60,000 pre-orders.

Following the sale of Saga phones, Solana Mobile is working on the next smartphone, Chapter 2, and has already registered 60,000 pre-orders.

The company's CEO, Anatoly Yakovenko, called the demand "incredible" and evidence of a "true community of dedicated users," the benefits of inviting other buyers include NFT rewards.

 

The SEC has approved rules for monitoring “dealers” in the DeFi sector.

The regulator praised the amendments that require participants in the DeFi sector to register as dealers.

A lot of cryptocurrencies and officials have slammed the SEC amendments against criticism that they are unreasonable.

The US Securities and Exchange Commission (SEC) has expanded the definition of “dealer” to include within its jurisdiction a larger number of financial transactions, including cryptocurrencies.

Three out of five departmental commissioners voted in favor of the proposal. Opponents came from digital activist Hester Pierce and colleague Mark Veda.

Under the new regulations, market participants who hold and manage assets worth more than $50 million are required to register with the SEC as a dealer.

 

South Korea introduces life imprisonment for theft of cryptocurrencies on a particularly large scale.

The South Korean government has supplemented the Law on the Protection of Users of Virtual Assets with a provision introducing a standard of life imprisonment for theft of crypto assets on a particularly large scale. On February 7, the Financial Services Commission (FSC) published a notice announcing the implementation of the Virtual Asset User Protection Act from July 19, 2024. The law provides for expanded powers of South Korean supervisory authorities to monitor the virtual asset market and the activities of business operators. The law provides specific powers for the Financial Services Authority (FSS) and the Financial Services Commission to conduct in-depth investigations into cryptocurrency companies and to investigate and take action against unfair trading practices such as market price manipulation. In cases where facts of illegal profits or theft of users’ crypto-assets are revealed on a particularly large scale - more than 5 billion won (about $4 million) - the perpetrators may be sentenced to life imprisonment.

 

The price of Bitcoin has exceeded $47,000.

On the morning of February 9, the quotes of the first cryptocurrency consolidated above the level of $46,000.

The price of Bitcoin continued to move and surpassed $47,000. At the time of writing, the asset is near $47,200, having gained 5.4% over the past 24 hours (CoinGecko).

Over the past 24 hours, Ethereum has gained 3.9%. At the time of writing, the price of the second-largest cryptocurrency by capitalization is above $2,500.

Over the past 24 hours, digital gold has risen in price by 4%. According to CoinGecko, its capitalization reached $906 billion with a trading volume of $29 billion.

The cryptocurrency fear and greed index reached 72, indicating buying pressure.

 

The DeFrogs token brought the investor more than $166,000 in two days.

The user earned more than $166,000 in two days by spending 0.258 ETH ($613) to purchase the DeFrogs token. Lookonchain analysts drew attention to this.

For 100 DEFROGS, the trader paid 0.08 ETH ($190). The transaction fee was 0.178 ETH ($423). After a couple of days, during which the price of the token was growing rapidly, he sold 60 DEFROGS for 27.8 ETH ($67,000).

At the moment, there are 40 DEFROGS left in the user's wallet.

The current price of the coin is $3,100, according to CoinGecko.

DeFrogs is one of eight coins released based on the experimental ERC-404 standard. This is a mixed implementation of ERC-20/ERC-721, where an NFT automatically appears on your wallet when you purchase a coin.

 

The price of Pandora immediately exceeded $22,900.

On February 8, the price of the Pandora token, issued based on the experimental ERC-404 standard, reached $22,920. At the time of writing, the price had adjusted to $21,800, according to CoinGecko.

Lookonchain analysts noticed that over the past 24 hours, an unknown whale has spent 395 ETH ($958,000) to purchase 67.2 Pandora.

The total number of coin holders is currently 1,428 users, according to Etherscan.

The ERC-404 standard is a mixed implementation of ERC-20/ERC-721, where when you purchase a coin, an NFT automatically appears in your wallet.