🇸🇦🙅‍♂ Kingdom Holding CEO said that the company is “not currently considering” investing in cryptocurrency.
The main reason for the reluctance to introduce cryptocurrency is its “insufficient widespread use as a method of payment for goods and services.”

🇺🇸👀 Crypto #ETF Flows Today:
#BTC-ETFs:
NetFlow: +6,719 BTC ($700.94M) 🟢
BlackRock inflows 6,208 BTC ($647.67M) and currently holds 569,343 BTC ($59.4B);
#ETH-ETFs:
NetFlow: +18,108 ETH ($59.59M) 🟢
BlackRock inflows 16,959 ETH ($55.81M) and currently holds 1,176,690 ETH ($3.87B).

🔮📈 Bitwise asserts that #BTC can act as "portfolio insurance" against sovereign defaults.

A recent report models Bitcoin's "fair value" at $219K, making it a potential hedge against the default of major sovereign bonds.

🔎 #SOL Liquid Staking Tokens on Solana

📊📈 #SOL Solana apps hit a new milestone, capturing 73.3% of all crypto app earnings in a single day (BNB: 9.44% / Ethereum: 6.46%).

🇰🇷💰 Upbit and Bithumb to jointly pay over 3.5B won ($2.5M), the largest cryptocurrency compensation in South Korean history, for technical issues during South Korea's declaration of martial law in December, according to news agency Yonhap.

🙋‍♂ Stella Community offers change the tokenomics of #ALPHA

🇺🇸🗣 Circle CEO Jeremy Allaire: Expect a repeal of SAB 121 and executive orders on crypto.

Banks ability to custody crypto means you’ll be able to borrow against your crypto - the single biggest catalyst for price appreciation in crypto and #BTC

🥳 #SOON Solana Optimistic Network (SOON) launched the mainnet and raised $22 million in #NFT sales led by Hack VC.

🇺🇸👏 US Congressman Warren Davidson has proposed repealing the crypto taxes introduced by the Biden administration during his speech in front of the House Ways and Means Committee. fox

🇺🇸🚀 #AXL #ETF Canary Funds filed application for AXL-ETF

📈👀 Polymarket just hit $10 billion in betting volume.

🔝 Top 10 Blockchains by Stablecoin Supply Change

🇺🇸👀 JPMorgan Chase CEO Jamie Dimon called the US stock market inflated and said he felt more cautious than others in the business world. He noted risks from deficit spending, inflation and geopolitical upheaval. #macro cnbc

💰 #ATOM Keplr, the Cosmos ecosystem wallet, raised $5 million led by 1Confirmation and with participation from Coinbase Ventures, HashKey Capital, and others.

🇺🇸💰 Utah proposes bill allowing 10% state fund allocation for #BTC and other cryptocurrency investments.

🔎📊 Data from IntoTheBlock shows #BTC attracts long-term holders (72% have held for 1+ year) while #WBTC is dominated by big players (74% owned by large investors, who might often use the token for trading, DeFi, or other blockchain-based activities).

🔝💰 Ethereum earned the most, with an annual total of $2.48B in gas fees. Tron followed closely with $2.15B, while Bitcoin trailed behind with $922.89M. coingecko

🇺🇸🍿 CME has added a futures page for #XRP and #SOL. The page states that XRP and SOL futures will launch on February 10 (pending regulatory review)

📊👀 #BTC C.Q.: The average realized profit has dropped from $146M per day to $62M. These are still high levels, even though they are averaged, with absolute values being significantly higher.

However, if the average figures fall below $40M, the market at the current levels will start to cool down.

🇺🇸👀 #SOL #ETF Bloomberg analyst expects Solana ETF futures to hit the market in mid-March