News
Coinglass reports that the value of BTC contract holdings on exchanges has hit a record $26.1 billion, while ETH contract holdings have reached $11.45 billion, also at an all-time high. Binance's ETH contract holdings have surpassed $3.8 billion, marking another record achievement. Link
The Ethereum Foundation has announced the successful activation of the Dencun network upgrade across all testnets. It is scheduled for deployment on the Ethereum mainnet, with activation at epoch 269568, on March 13th 2024, at 13:55 UTC. Link
Coincheck, a Japanese cryptocurrency exchange, and Circle have announced their plans to collaborate in order to expand access to USDC within the Japanese market. Coincheck boasts over 1.91 million verified users. The exchange's effort to integrate USDC into its offerings hinges on securing registration as an Electronic Payment Instrument Service under Japan's Payment Services Act. Link
Projects
Akash Network - Coinbase has included Akash Network (AKT) in its currency listing roadmap. Link
Floki- DWF Labs will purchase $10 million $FLOKI. Link
Blast - Mainnet will launch on February 29th. 47 winners were selected out of the 3000 applicants in the developer competition. Link
Magic Eden - In February, the Magic Eden Bitcoin market achieved a trading volume of $100 million and generated $2 million in fees, setting new records for both metrics. Link
Babylon - Binance Labs has invested in Babylon, a Bitcoin staking protocol. Link
Uniswap - Uniswap has unveiled three new features designed to enhance user experience: the Uniswap Extension, Limit Orders and Data & Insights. The Uniswap Extension, a browser sidebar wallet extension, enables users to execute Limit Orders for any token on Ethereum, with customisable prices and durations of up to one year. Link
Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.