Today's Newsletter Content 📃
No. | Index |
|---|---|
1. | ⌚👀 Bitcoin Whales Accumulate ⌚👀 |
2. | Bybit Fined $1M |
3. | Crypto.com’s 2025 Roadmap |
4. | Solana’s On-Chain Boom |
5. | US Bank Bets on Bitcoin ETFsx` |
6. | AI16Z Rebrands to ElizaOS |
7. | 🤣 Meme of the week 🤣 |
🐳 Bitcoin Whales Accumulate While Retail Sells
Smart money is moving! 135 new wallets holding 100+ BTC popped up in February, signaling major whale accumulation.
Meanwhile, BTC ETFs saw $66.38M in net inflows after a huge $234M outflow on February 3rd—a sign of renewed investor confidence.
Bitcoin is currently trading at $98,947 after a 6% weekly drop. Market sentiment is also shifting as the ECB accelerates the digital euro in response to pro-stablecoin policies.
And guess what? MicroStrategy continues its Bitcoin frenzy, now holding 471,107 BTC worth $46.1B—despite missing Q4 revenue estimates. 👏
Bybit Hit with $1M Fine by India’s FIU 🔥
Bad news for Bybit! India’s Financial Intelligence Unit (FIU) has slapped the exchange with a $1.06M fine for operating without proper registration under the Prevention of Money Laundering Act (PMLA). 🚨
Bybit’s website was already blocked due to compliance issues, and this fine adds to their regulatory troubles. The exchange had recently paused operations in India, citing regulatory concerns, but claimed it’s working toward getting a Virtual Digital Asset Service Provider (VDASP) license. 🤔
However, the FIU hasn’t confirmed if the penalty has been paid. Will Bybit make a comeback in India? Only time will tell! ⏳
🌍 Crypto.com’s 2025 Master Plan
We expect a wave of cryptocurrency ETFs next year, albeit not all at once. First out is likely the btc + eth combo ETFs, then prob Litecoin (bc its fork of btc = commodity), then HBAR (bc not labeled security) and then XRP/Solana (which have been labeled securities in pending…
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Big things are coming from Crypto.com next year! The exchange is launching its own stablecoin and filing for a Cronos ETF in 2025. But that’s just the beginning. 👀
Here’s what else is on their roadmap: Stocks & ETF trading Global fiat on/off ramps Crypto credit cards AI-powered trading tools Derivatives trading
With their recent MiCA license from Malta’s Financial Services Authority, Crypto.com is making moves across Europe. Analysts also predict multiple crypto ETF approvals in 2025, covering BTC, ETH, LTC, HBAR, XRP, and SOL. 🚀
And with new U.S. SEC leadership, we might finally get some regulatory clarity for digital asset ETFs! 💡
🔥 Solana’s On-Chain GDP Jumps 300% in Q4 💰
Solana is on fire! 🔥 Its on-chain GDP skyrocketed 300% in Q4 2024, hitting $840M in revenue—thanks to meme tokens, bots, and DeFi.
The biggest drivers? Pump.fun, Jito, Raydium, and Kamino. However, despite its success, Solana’s main chain is still operating at a loss due to high validator subsidies. 😬
Bot activity now makes up 91% of Solana’s transactions, and the blockchain even outpaced Ethereum in L1 revenue over the past 90 days. SOL is trading at $202.63—will the momentum continue ahead of major token unlocks in March? 🚀
💎 US Bank Doubles Down on Bitcoin ETFs 🏦
US Bank reports $24 million holdings in #Bitcoin ETFs, up from its previous $14 million according to its latest SEC filings 
And you thought it was over?
Institutional players are stacking sats! 🏆 US Bank has increased its Bitcoin ETF holdings to $24 million, up from $14M, as per their latest SEC filing.
They’re not alone—Goldman Sachs now holds over $700M in BTC ETFs, while Ethereum ETFs saw $487M in inflows despite price dips. BlackRock’s ETHA alone raked in $276.2M. 👀
With Bitcoin trading at $98,000 and Trump’s regulatory shifts favoring crypto, the scene is heating up. Meanwhile, the market is bracing for altcoin ETFs, with Solana and XRP filings in the works. Will demand follow? 🤷♂️
🤖 AI16Z Rebrands to ElizaOS Amid Brand Confusion
AI16Z has officially rebranded to ElizaOS after Andreessen Horowitz (a16z) raised concerns over brand confusion.
Founded by Shaw Walters, the project will keep its visual identity, while a DAO vote decides on a new ticker. Initially launched as an AI-simulated investment fund, ElizaOS is now pivoting to AI agent platform-building.
However, the AI16Z token has struggled, dropping below $0.60, and faces rising competition. With Eliza V2 in the works, the team hopes to bring a next-gen AI framework and reclaim its position in the AI-token space. 🤖🚀
🤣 MEME OF THE WEEK 🤣
Alright, that’s a wrap for this week edition of The Web3 Watch! 🚀
See you all next week!
