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Quick Take Jupiter’s main account on social media platform X was hacked on Wednesday. The account promoted what appeared to be fake memecoins, while several X users claimed they had their Solana tokens stolen because of the hack.
Quick Take Republicans have been leading the charge of concerns around crypto debanking, but may have found a friendly ear from Sen. Elizabeth Warren, who has often been critical of the industry. The Federal Deposit Insurance Corporation released 175 documents on Wednesday morning tied to how the agency supervised crypto-related activity.
Quick Take Tiger 21 founder Michael Sonnenfeldt said the network of high-net-worth investors holds about $6 billion in digital currencies.
Quick Take Standard Chartered’s Geoffrey Kendrick expects bitcoin to hit $500,000 by the end of 2028, driven by improved investor access and a decline in volatility in the long run. “Although the near-term remains choppy for Bitcoin the long-term is becoming clearer by the day,” Kendrick said in an email to The Block.
Quick Take Ethereum supply rose to levels seen before The Merge update in 2022. Analysts pointed to the network’s Dencun upgrade last year as a cause for ether supply inflation.
Quick Take Ondo Finance launched a new platform that seeks to offer onchain exposure to U.S.-based securities, such as stocks, bonds and ETFs.
Spot Ethereum ETFs in the U.S. witnessed record trading volumes on Monday amid the President Trump tariff-fueled turmoil.Following Trump’s tariff announcements on Saturday, ether was one of the hardest hit, dropping 36% to a low of around $2,100 on Monday.
- 07:31Analyst: Trump's interest rate cut on 10-year treasury bonds may potentially benefit the rise of BitcoinCoindesk analyst Omkar Godbole stated that US Treasury Secretary Scott Bessent said in an interview on Wednesday that the Trump administration aims to reduce borrowing costs by lowering the yield of 10-year U.S. Treasury bonds. A decrease in the 10-year yield is often seen as beneficial for risk assets, including Bitcoin (BTC). Trump plans to lower yields by controlling inflation, which could be beneficial for BTC, but reducing budget deficits may not be favorable for risk assets.
- 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.