Summary
gm, The crypto market remains under the shadow of the massive $1.4 billion hack on Bybit, orchestrated by North Korea's Lazarus Group, prompting Bybit to swiftly replenish its Ether reserves by purchasing 266,700 ETH worth $742 million. The incident has sparked debates about potential Ethereum rollbacks, which have been dismissed by core developers as technically infeasible. Meanwhile, Strategy co-founder Michael Saylor hinted at resuming Bitcoin purchases, and Ethereum saw a 5.80% price increase despite the hack, driven by whale accumulation and reduced fears of a chain rollback. The market also witnessed significant developments in AI and crypto integration, with projects like Nifty Island introducing AI agents into 3D blockchain gaming environments.

News Headlines
🔍 Only 44% of US Bitcoin ETF Buying for Long-Term Investment

  • Only 44% of net inflows into US spot Bitcoin ETFs ($17.5 billion out of $39 billion) represent long-term investments.
  • 56% of ETF activity is attributed to arbitrage strategies involving short Bitcoin futures.

🚀 Monad: New High-Speed EVM Layer-1 Blockchain Unveils Testnet

  • Monad, a new Layer-1 blockchain, launched its testnet on February 19, 2025, aiming to rival Ethereum and Solana.
  • The platform is designed to execute over 10,000 transactions per second through parallel execution.

🤖 Nifty Island Introduces AI Agents into 3D Ethereum Game Worlds

  • Nifty Island, an Ethereum-based game, now allows creators to integrate AI agents into their 3D worlds.
  • Players can drag and drop popular AI agents or create custom ones to interact with players and perform on-chain actions.

🏦 Strategy's Michael Saylor Hints at Resuming Bitcoin Buying Spree

  • Michael Saylor indicated Strategy (formerly MicroStrategy) may resume Bitcoin purchases.
  • The company recently completed a $2 billion convertible note offering to fund its Bitcoin acquisition strategy.

⚡ AI's High Costs Create New Digital Divide

  • Premium costs of AI tools are creating significant disparities in access to technology.
  • Freelancers and small businesses struggle to compete against clients using expensive AI tools.

Market Metrics

Fundraising & VC
No fundraising data today.

On-chain Data
1. AltLayer (ALT) token unlock in 1 day ($8.18M, 7.18%)
2. Xai (xai) token unlock in 2 days ($4.13M, 4.02%)
3. Grass (GRASS) token unlock in 3 days ($6.90M, 1.52%)
4. Portal (PORTAL) token unlock in 4 days ($4.38M, 19.54%)

Regulatory
🏛️ Montana Rejects Bitcoin Reserve Bill

  • Montana's House of Representatives voted 41-59 against a bill to establish Bitcoin as a state reserve asset.
  • Concerns were raised about potential risky speculation with taxpayer funds.

🔒 Bybit Launches Bounty Program and Blacklisted Wallet AP

  • Bybit offers up to 10% bounty for white hat hackers who can recover stolen cryptocurrency.
  • The exchange introduced a blacklisted wallet API to assist in fund recovery efforts.

🔍 Hackers Laundering Stolen Bybit Funds

  • Blockchain intelligence firm Elliptic tracks over $140 million in initial laundering transactions.
  • The stolen assets are being processed through anonymous exchanges to complicate tracing efforts.

📊 Crypto Mining Firm Bgin Blockchain Files for $50M US IPO

  • Singapore-based Bgin Blockchain Limited files for a $50 million IPO on Nasdaq.
  • The company focuses on manufacturing mining rigs for alternative cryptocurrencies.

Technical Analysis
Bitcoin - Bitcoin is within an approximate horizontal trend channel in the short term, which indicates further development in the same direction. The currency has support at points 93800 and resistance at points 98000. The RSI curve shows a rising trend, which is an early signal of a possible trend reversal upwards for the price as well. The currency is overall assessed as technically neutral for the short term.

Ethereum - Investors have accepted lower prices over time to get out of Ethereum and the currency is in a falling trend channel in the short term. This signals increasing pessimism among investors and indicates further decline for Ethereum. The currency is between support at points 2590 and resistance at points 2760. A definitive break through of one of these levels predicts the new direction. Volume has previously been low at price tops and high at price bottoms. Volume balance is also negative, which confirms the trend. The currency is overall assessed as technically negative for the short term.

Governance & Code
🌐 Origin DAO | Yield Forwarding Request: BOL (Active Vote)
- This proposal seeks to enable yield forwarding and treasury booster for the BOL pool on SwapX.

⚡ dYdX Foundation | Recall Stride Liquid Staking Program (217)
- This proposal seeks to transfer the remaining 19,461,949.197705 stDYDX to a Treasury SubDAO-controlled address after testing has been done succesfully.