News In Three Sentences – February 28, 2024

Great Zeus’s Beard That’s A Lot: BTC ETF trading volume spiked over $7.5 billion, more than double its previous record. 😱 WatcherGuru has more

BlackRock Turns Bitcoin ETFs into Its Own Personal Money Printer: BlackRock’s ($BLK) massive $520 million infusion into $BTC ETFs, combined with Europe’s unrelenting buying spree and a nifty GBP arbitrage opportunity on $COIN, propelled Bitcoin past the $60,000 mark despite expectations of a pause. Short-sellers everywhere are now questioning their life decisions. πŸš€ Β  Β Read more from TrustNodes

JPMorgan’s Crypto Forecast Expects Sky High with a Chance of Moon: $JPM has flipped the script, now singing praises of Bitcoin and the broader crypto market, predicting sustained and enhanced prices. The bank’s newfound optimism is rooted in the anticipation of Bitcoin’s halving, $ETH‘s network upgrades, and the potential SEC nod for Ethereum ETFs, suggesting a bullish horizon dictated by retail investors’ resurgence and institutional net buys. πŸ“ˆ From Cryptonemist

Artificial General Intelligence Coming In 2025. Skynet, Cyclons, they’re all coming to end humanity much sooner than we thought: Ben Goertzel, SingularityNET’s ($AGIX) visionary, is on the brink of unveiling a “baby AGI” prototype by early 2025, leveraging open source and decentralized principles to ensure this groundbreaking AI benefits humanity without falling under corporate or governmental control. With the upcoming Hyperon Alpha release, Goertzel’s approach promises a collaborative ecosystem where even a “12-year-old genius from Tajikistan” could contribute, embodying a fusion of innovation and inclusivity. πŸ€– Cointelegraph has more

GALA’s Price Explosion: $GALA‘s price soared 27% following the launch of GalaSwap, a decentralized exchange on the new GalaChain network, marking a significant milestone with rewards for traders and referral incentives. This surge to a 10-month high reflects the broader crypto market’s recovery and a renewed interest in gaming tokens. Read more from DecryptΒ 

Telegram Turns the Tables: Channel Owners to Cash in on Ads: Telegram has unveiled a revenue-sharing model, promising to share ad revenue with its channel creators. Pavel Durov aims to monetize the platform’s trillion monthly views more effectively starting this March. With the surge in $TON‘s token value, Telegram’s strategy could redefine digital content monetization, making it a win-win for creators and the platform. πŸ’° From CryptoGlobe

Trading or Trolling? The Truth Behind Justin Sun’s HTX Usage:Β Justin Sun, $TRX‘s founder, took to social media to silence skeptics of his HTX exchange usage by flaunting holdings worth over $1.6 billion in Bitcoin. Sun’s revelation has stirred the pot, prompting debates on the authenticity of his claims and the implications for HTX’s user base as the community speculates whether the trading volume is real. πŸ€‘ Bitcoinist has more

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BlockFi Customers Rejoice!

BlockFi’s customers might finally feature a financial comeback, thanks to a deal with FTX and Alameda Research. 😍

How much? Up to $874 million, contingent on court approval. This settlement could be the lifeline for customers left adrift after the 2022 crypto upheaval.

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BlackRock’s Bitcoin ETF Surpasses Silver Trusts with $10 Billion in Assets

When the first gold ETF came out, it took a couple of years to reach $10 billion in AuM (assets under management). How long did it take Blackrock’s $IBIT? 2 months. 😱

Bitcoin spot ETFs have now eclipsed the largest silver trusts regarding assets under management (AuM), setting their sights on surpassing gold trusts next. According to recent data from HODL15Capital, BlackRock’s IBIT has achieved an impressive milestone, amassing an AuM of $10.03 billion, translating to a remarkable year-to-date (YTD) increase of 35.2%.

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You Lucky SOBs

This is such a typical memecoin story (and they pop up quite a bit during bull runs), and this one involved Dogwifhat ($WIF). 🐢

Some dood turned $1,750 into $11.2 million. He bought 5.1 million WIF in November and then spent who knows how many sleepless nights this month figuring out how to cash out on his lottery ticket.Β 

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