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Ark Invest offloaded another 70,616 Coinbase shares on Tuesday — worth $15.1 million — as the investment firm continues to rebalance its fund weightings.Ark’s latest COIN sales are the most significant since April 11, when the investment firm offloaded $20.4 million worth of the stock.
Bitcoin long liquidations have spiked above $30 million in the past 24 hours.Bitcoin’s price has dipped over 3% during this time, currently trading at $62,300.
Bitcoin may be preparing for trend continuation, but on short timeframes, BTC price behavior is inspiring no one.
The total crypto market cap has lost almost $100 billion daily and $150 billion since Monday.
While every other spot bitcoin ETF had inflows or no flows, GBTC’s significant outflows overpowered the market.
Quick Take Vitalik Buterin and co-authors proposed EIP-7702 as an alternative to EIP-3074 to refine Ethereum’s account abstraction. It lets EOAs temporarily act as smart contract wallets during a transaction and revert to their original state afterward.
A 3% rebound in Ether’s price would wipe $345 million in short positions amid Grayscale withdrawing its Ether futures ETF application.
- 07:28Santiment: Bitcoin whales are still accumulating, the number of wallets holding over 100 BTC increased by 135 in FebruarySantiment posted on X stating that during the mid-term decline and significant fluctuations in cryptocurrency, Bitcoin whales are hoarding more tokens. For small retail traders, especially those who entered the market for the first time in the past 6 months, volatility leads to their liquidation. Overall, in February, wallets holding over 100 BTC increased by 135 while wallets holding less than 100 BTC decreased by 138,680. This is an ideal setup for a rise in cryptocurrency market value even if it takes several weeks (or even months) to see the widespread bullish impact of whales absorbing tokens.
- 07:16FLock.io collaborates with Pundi AI to revolutionize AI training and promote decentralized data annotation technologyAccording to official news, FLock.io and Pundi AI announced today that they have reached a strategic cooperation to jointly innovate in the field of AI training. The two parties will integrate intelligent learning and decentralized data annotation technology, relying on FLock.io's leading advantage in privacy-protected AI training and Pundi AI's blockchain annotation platform, to jointly develop high-quality, professional AI models and AI agents. In addition, Pundi AI will soon upgrade Function X ("FX") to Pundi AI ("PUNDIAI") at a ratio of 100:1, and carry out brand upgrades and coin swaps.
- 07:15StarkWare launches a $4 million venture capital fund to accelerate blockchain innovation in AfricaOn February 6, blockchain developer StarkWare launched a $4 million venture capital fund to accelerate blockchain innovation in Africa. The fund aims to provide everything needed for African entrepreneurs and builders to create blockchain-based startups in Africa. This includes: Financial support: up to $150,000 in funding, with more advanced teams able to receive larger investments (typically up to $500,000)Infrastructure that can meet all their needs, whether directly on Starknet or as a Starknet application chain/L3sGuidance and technical expertise to help them succeed.