A certain whale has bought a total of 22,670 BTC since July 2022, making a profit of US$900 million.

According to financial reports, Lookonchain monitoring data shows that since BTC entered the bear market in July 2022, a smart whale has accumulated 22,670 BTC ($1.39 billion) at an average price of $21,629. His current unrealized profits exceed $900 million.

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TRON mainnet will soon release GreatVoyage-v4.7.4 (Bias) version to fully optimize network performance

According to the official announcement on March 1, the TRON community is expected to release the GreatVoyage-v4.7.4 (Bias) version in the first quarter of 2024. This version will introduce a number of important updates and is expected to reduce the development of the TRON core protocol. The complexity further improves the stability of the network consensus, increases the speed of voting reward extraction, and greatly optimizes the performance of the network infrastructure.

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Musk: AI is developing at an unprecedented speed, and Nvidia’s market value may even continue to grow

According to financial reports, at the BCW (Bosch Connected World) event held by the Bosch Group on February 29, Tesla CEO Elon Musk said, “Artificial intelligence technology is advancing rapidly. In fact, I have never seen any kind of technology. can advance faster than its progress." "The capabilities of artificial intelligence technology seem to increase tenfold every six months. However, it cannot continue to grow at such a high rate forever, otherwise it will exceed the mass of the universe. I Never seen anything like it," he added. Musk mentioned that this explains why Nvidia’s market value is so huge, because they have the best neural network chips, and their market value may even continue to grow. “The chip boom is bigger than any previous gold rush.

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Binance will list Axela (AXL) at 19:30 on March 1

According to financial reports, Binance will list Axelar (AXL) at 19:30 on March 1, 2024 (Eastern Eighth District time), and open AXL/BTC, AXL/USDT, AXL/FDUSD, and AXL/TRY spot trading pairs. The AXL recharge channel is now open, and AXL withdrawal is expected to be open at 19:30 on March 2, 2024 (East Eighth District time).

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HKX and QuanXLab have submitted applications for Hong Kong virtual asset trading platform licenses yesterday, and the number of applicants has increased to 24

According to financial reports, the official website of the Hong Kong Securities Regulatory Commission shows that hi5 (Hong Kong) Limited (HKX) and QuanX Lab Limited (QuanXLab) submitted virtual asset trading platform license applications to the Hong Kong Securities Regulatory Commission on February 29. As of now, the number of applicants for virtual asset trading platform licenses announced by the Hong Kong Securities Regulatory Commission has reached 24.

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DWF Labs holds 2.5 million AXL and has made a profit of US$2.57 million

According to financial reports, according to monitoring by on-chain analyst @ ai_9684xtpa, AXL, the third-ranked token held by DWF Labs, was listed on Binance, and AXL is the only token among the top 20 held by DWF that has not been transferred out/sold after being transferred in. When 2.5 million AXL were received on December 8, 2023, the currency price was only US$0.77 (current price is US$1.8), with a floating profit of US$2.57 million.

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The address that opened the position two weeks ago deposited 770,000 AXL into the exchange.

According to financial reports, according to monitoring by on-chain analyst @ ai_9684xtpa, another large AXL investor deposited AXL tokens that opened a position two weeks ago into Binance and Bitvavo. This address transferred 1 million AXL from Bybit at an average price of US$1.25 between February 16 and February 19. After transferring to the transfer address two hours ago, it deposited 770,000 tokens into the exchange. Currently, a total of Floating profit was US$1.09 million.

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Nigerian government demands Binance pay at least $10 billion in damages

According to financial reports, the Nigerian government requires Binance to pay at least US$10 billion in compensation. The request comes against the backdrop of Nigeria’s crackdown on cryptocurrency exchanges and the devaluation of the national currency. Nigeria accuses Binance of profiting from “illegal trading” in the country. Binance is currently under investigation in Nigeria, and Binance executives were detained in Nigeria earlier this week.

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A large transfer transaction of 200,000 BCH occurred today, worth over 63 million US dollars.

According to financial reports, according to monitoring by the on-chain data tracking service Whale Alert, at around 5:51 pm today, the address starting with "qre24q" transferred 200,000 Bitcoin Cash (BCH) to the "qp028n" address, worth approximately US$63,277,844.

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Web3 development tool BuildBear Labs raises $1.9 million in funding

According to news on March 1, Singapore-based Web3 development tool BuildBear Labs announced the completion of US$1.9 million in financing. Superscrypt, Tribe Capital and 1kx led the investment, with participation from Iterative, Plug-N-Play, and angel investors including Typechain and Deth Crypto founders Kris Kaczor and Ken Fromm.

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NFT sales on the Solana chain fell nearly 9% in February compared with the previous month

Financial reports, according to Cryptoslam data, NFT sales on the Solana chain reached US$217,406,389.95 in February, a decrease of nearly 9% from US$238,736,545.7 in January this year. In addition, the total number of NFT transactions on the Solana chain in February exceeded 382,000, including 428,003 independent buyers and 191,507 independent sellers.

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PeckShield: 21 hacking incidents totaled $360 million stolen in February

According to financial reports, according to PeckShield monitoring, hackers launched 21 attacks in February 2024 and stole approximately US$360 million, an increase of 97.6% from January 2024. Additionally, approximately 1.8% of the stolen funds have been returned, totaling approximately $6.7 million.

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Federal Reserve Chair Powell Signals Caution Amidst Normalizing Rate-Hike Cycle

Fed's Powell: We are at the tail end of a normal rate-hiking cycle. I am not eager to cut rates as I still see wage and inflation pressures.

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Euro-denominated Bitcoin futures will bolster institutional adoption — CME director

The upcoming launch of euro-denominated Bitcoin and Ether futures products could bolster institutional cryptocurrency adoption in the eurozone, Giovanni Vicioso, the executive director of equity and alternative products at the CME Group, told Cointelegraph in an exclusive interview.

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OpenRank Raises $4.5M Led by Galaxy and IDEO CoLab for Decentralized Web3 Trust Protocol

OpenRank secures $4.5M funding led by Galaxy and IDEO CoLab Ventures. The decentralized reputation protocol enhances Web3 trust through ratings. Funds will drive product development and protocol launch for developers.

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Bitcoin Sets Records Amid ETF Approval and Halving Hype, but $100K Predictions Raise Concerns

Bitcoin hits record highs post-US approval of spot ETF and anticipation of April halving. However, optimism for a $100,000+ price is questioned as current costs are estimated at $27,000 by JPMorgan, and the recent surge is unsustainable. Post-halving, costs are expected to decrease, potentially stabilizing around $43,000 if mining capacity drops.

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Binance Hits 178 Million Users and $3 Billion Inflows Under New CEO Richard Teng's First 100 Days

Binance's new CEO, Richard Teng, announces that within his first 100 days, Binance has surpassed 178 million registered users globally. The platform experienced a net inflow of over $3 billion between late November and the end of February, outpacing its largest competitor during the same period.

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Bitcoin futures open interest hits all-time high

Open interest for bitcoin futures on centralized exchanges reached an all-time high after the recent price rally. Aggregated open interest for bitcoin futures stands at over $26 billion, according to Coinglass data.

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