U.S. House Panel Votes to Disapprove of Controversial SEC Custody Guidance

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The House Financial Services Committee also seemed inclined to adopt a bill giving the U.S. Secret Service more resources to investigate crypto crimes.

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Bitcoin ETF Buying Led by Retail, Hedge Funds, FAs; Larger Players Still to Come: Bitwise CIO

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The ten spot bitcoin ETFs have arguably had one of the most successful launches in history with trading volume and inflows reaching new highs this week, but Bitwise Chief Investment Officer Matt Hougan expects even more demand is on the way.

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Starck Presents New AI Investment Platform with Upcoming PancakeSwap Listing

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The team working at Starck has recently shared some important news with the Web3 community. The project's native token (STK) will soon go live on PancakeSwap to increase accessibility for investors and traders. 

Additionally, the team has announced the upcoming launch of its AI Starck Investment Platform (ASIP). The project provides a new way for investors to make informed decisions based on real-time data and AI technology. 

Going Live on PancakeSwap

The STARCK (STK) token gears up for a grand entry on PancakeSwap at 1 p.m. UTC +0, March 1, 2024. Born as a BEP-20 token, it's the key to obtaining Starck's staking rewards. It also unlocks various Tiers within the AI STARCK Investment Platform (ASIP). 

Each tier promises unique advantages, making STK more than just a token. It's a way to access a thrilling investment adventure. Launching on PancakeSwap, one of the most popular DEXs, allows STK to reach a broader audience and gain more liquidity. 

The AI Starck Investment Platform (ASIP)

Starck’s AI-driven investment platform (ASIP) combines the expertise of wealth managers with real-time market and news data. ASIP is an initiative for traders and investors who want accurate, up-to-date information from verified sources. This innovative platform offers instant prices, trading news, fundamental and technical analysis, and portfolio tracking capabilities.

The secret sauce behind ASIP's power lies in the unique blend of artificial intelligence and human professional analysis. Thanks to the latest AI technology and the expertise of traders and analysts, ASIP provides faster, more accurate data. This approach aims at surpassing traditional investment tools.

With ASIP, users can easily monitor, analyze, trade, and track market data from various sources. From cryptocurrencies to equity, forex, and commodities, ASIP covers all major markets. This allows traders and investors to stay on top of their game and make informed decisions based on real-time data. 

Multiple Tiers for Different Investors

There are various tiers available for different investors on the Starck Trading platform. Each tier offers unique features and tools to cater to the needs of specific investors. Currently, Tier 1 is available to investors interested in cryptocurrency trading. It includes real-time data, AI-generated trading targets, and personalized news with sentiment analysis. 

Tier 2 will offer fundamental equity analysis by financial experts, while Tier 3 will analyze Forex and Commodities. Tier 4 will provide warning alerts for problematic projects and multilanguage support. 

Finally, Tier 5 will offer comprehensive tracking software. This tool will include features such as portfolio balancing, effective tracking of investments, and quick access to indicators. 

Staking, an important feature for investors, will begin on March 1, 2024. The feature will be available for Tier 1 users and expand to other tiers in the following quarters. 

About Starck

Starck is a project combining a new token (STK) with an innovative investment platform. It utilizes AI technology to monitor and analyze various markets, including equity, commodities, forex, and cryptocurrencies. 

The goal is to provide users with real-time news and analysis of potential market trends. This allows for strategic trading decisions based on up-to-date information. With the STARCK token, traders can access instant spot prices and track their entire investment portfolio. 

It will be possible to follow Starck's progress and success through its official website and the social media pages below.

X (Twitter) | Telegram

MicroStrategy’s MSTR shares rally, earns spot among top 500 US companies

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MicroStrategy has surged into the elite ranks of the top 500 US companies by market capitalization, riding a recent bullish wave in its stock performance.

Data reveals a remarkable ascent for MicroStrategy, climbing 46 places in just one day to secure the 427th spot among America’s largest publicly traded firms as of Feb. 29.

This significant climb follows a five-day trading period where its stock witnessed a staggering 45% rally to above the $1000 threshold for the first time since February 2021, driving its market capitalization to an impressive $16.76 billion.

According to Yahoo Finance data, its shares have slightly retraced to $982 at the time of reporting.

S&P 500 Index inclusion?

Market analysts noted that this significant surge could potentially position MicroStrategy for inclusion in the S&P 500 Index, a key gauge of the US equity market comprising 500 major companies.

Investment manager Sean Young highlights the potential impact, noting MicroStrategy’s entry into this league would seamlessly integrate it into retail portfolios. He added:

“The inevitable demand from passive SPY investors not even actively seeking Bitcoin exposure could spark a massive positive feedback loop as Bitcoin begins automatically entering retail portfolios.”

To qualify, MicroStrategy must meet several criteria, notably a minimum market cap exceeding $15.8 billion, a milestone it has already surpassed. Additionally, it must demonstrate positive earnings over the past four quarters, including the latest one, and ensure a minimum monthly trading volume of 250,000 shares over the last six months.

BTC bet yields more than $1 billion in 24 hours

MicroStrategy’s Bitcoin investment recorded over $1 billion in unrealized profit during the last 24 hours as BTC’s price increased to more than $60,000.

According to data from SaylorTracker, a platform monitoring MicroStrategy’s BTC endeavors, the firm raked in $1.1 billion in profit, propelling the total value of its 193,000 BTC stash to $12.3 billion.

Remarkably, MicroStrategy’s Bitcoin investment has been profitable, sitting on an unrealized profit of around $6 billion from its initial investment of $6.1 billion.

This windfall follows MicroStrategy’s persistent Bitcoin acquisitions. Michael Saylor, the company’s executive chairman, recently disclosed the purchase of an additional 3,000 BTC for $155 million.



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US Government Executes Nearly $1 Billion Bitcoin Transfer, Here’s What To Know

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As the price of Bitcoin continues to rally, the digital asset has witnessed significant movements within the crypto market, recording substantial whale transactions in the past few days.

Massive Bitcoin Transfer By The US Government

Bitcoin whales are on the move again, as recent reports have revealed multiple massive transactions executed by the United States Government. Well-known blockchain analytics firm Arkham Intelligence detected the large moves made by the government less than 24 hours ago.

According to Arkham Intelligence, the US government recently moved about 15,085 BTC, which is valued at approximately $923 million. Data from the analytics platform shows that the government moved the aforementioned BTC from two separate wallet addresses.

Specifically, these two wallet addresses contained funds that were seized by the government from Bitfinex in 2016 after the crypto exchange was hacked. The intelligence platform reported that the whale transactions were carried out in four distinct transfers in less than one day.

Based on the current market price of Bitcoin, the overall amount of BTC transferred from the first wallet was $172.80 million, while the second wallet was about $750 million, making the total value of assets transferred approximately $923 million.

Over 15,000 BTC moved in less than 24 hours | Source: Arkham Intelligence

As of right now, the US government’s Bitcoin holdings stand at over 200,000 BTC, valued at $12.50 billion, according to the analytics company. Ethereum is observed as the second-largest asset owned by the authority, with over 56,000 ETH. 

The government’s portfolio still boasts other notable cryptocurrency assets like AUSDC, USDC, and DAI, among others. So far, Arkham shows that the government now possesses an astounding $12.73 billion worth of crypto holdings in its openly accessible wallet.

A National Government Might Be Accumating BTC

Whistleblower Edward Snowden has made a shocking prediction that has gained significant attention in the crypto space. Edward Snowden has revealed a potential BTC accumulation by “a national government” on the social media platform X (formerly Twitter).

Snowden stated that within the year, “a national authority would be disclosed to have been acquiring Bitcoin” for quite some time. He further claimed that the federal power will be utilizing BTC in place of conventional gold reserves.

Nonetheless, Snowden did not highlight which national government is responsible for this action in his X post, leaving members of the crypto community wondering which nation it is. 

Bitcoin
BTC trading at $62,472 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured image from iStock, chart from Tradingview.com



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Spotlight Shifts to 3 Altcoins

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As the cryptocurrency market watches Bitcoin’s recent surge to $64,000, attention shifts toward altcoins poised for breakouts. Brian Kelly, CEO of hedge fund BKCM, suggests a potential rotation from Bitcoin invention to promising altcoins.

The community searches for the next hot crypto trend as Bitcoin’s price surge approaches the all-time highs.

Solana (SOL) stands out as Brian Kelly’s top pick for investment rotation from Bitcoin and Ethereum. Its solid technological foundation and practical applications make it an attractive option for investors looking for growth beyond the market leaders. Indeed, Solana’s potential has not gone unnoticed, with its functionality and speed drawing significant interest.

“I am actually doing a rotation from Bitcoin and Ethereum into Solana,” Kelly told CNBC.

Furthermore, Chainlink captures the spotlight with its recent adoption by Ark Invest and 21Shares for the ARKB Bitcoin ETF. This integration of Chainlink’s Proof of Reserve platform aims to enhance transparency and security for investors. Consequently, Chainlink’s price witnessed an encouraging surge, signaling growing investor confidence in its technology.

Chainlink’s strategic partnerships underscore the crypto industry’s move towards more secure and transparent investment products. This boosts Chainlink’s market presence and enhances the crypto market’s overall credibility.

Moreover, according to The Motley Fool, Polkadot presents a compelling case as an undervalued asset in the crypto space. Its focus on interoperability and its pivotal role in Web3 infrastructure suggest substantial growth potential. Despite its modest gains compared to Bitcoin and Ethereum, Polkadot’s innovative approach positions it as a key player in the future of decentralized internet.

Read more: 13 Best Altcoins To Invest In February 2024

Solana, Chainlink, and Polkadot Price Performance. Source: TradingView

Polkadot’s undervaluation, contrasted with its significant contributions to Web3, presents a unique opportunity for investors. Its interoperability focus is crucial for developing a decentralized internet, marking it as an asset with long-term value.

Transitioning to these altcoins reflects a broader market trend towards diversification and strategic investment in projects with solid fundamentals. As Bitcoin and Ethereum continue to lead the market rally, the emerging interest in Solana, Chainlink, and Polkadot highlights their potential to offer innovative solutions and attractive investment opportunities.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.



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IOTA’s Ecosystem Foundation Commits $10M for Tokenization, Trade Startups

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“By investing in the future of TradeTech, we are not just facilitating smoother trade transactions; we are laying the groundwork for a more interconnected and efficient global trade ecosystem,” said Dominik Schiener, co-founder of IOTA and chairman of the IOTA Foundation.



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DeFiQuant's Automated Trading Bots Surge in Popularity as Bitcoin Reaches New Heights

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As Bitcoin shatters expectations, crossing the $62,500 mark, DeFiQuant's automated trading bots have surged in popularity, proving to be a pivotal tool for traders aiming to capitalize on the cryptocurrency's unprecedented growth. This surge highlights the increasing reliance on sophisticated trading technologies in navigating the volatile crypto market.


A Milestone for Crypto Traders


DeFiQuant, a leading provider in the crypto trading industry, has witnessed a remarkable increase in demand for its automated trading bots, coinciding with Bitcoin's surge to over $62,500. The platform's cutting-edge bots, known for their precision, efficiency, and user-friendly design, have become essential for traders looking to optimize their strategies in response to Bitcoin's dynamic market movements.


Allen Heery, Media Representative for DeFiQuant, commented on the trend: "The recent surge in Bitcoin's price has sparked an unprecedented interest in our automated trading bots. These tools are no longer just a convenience but a necessity for traders seeking to stay ahead in the fast-paced crypto market. Our bots are designed to navigate the complexities of the market, ensuring that our users can make the most of Bitcoin's historic highs."


Empowering Traders with Advanced Technology


DeFiQuant's automated trading bots utilize advanced algorithms to analyze market trends and execute trades with high precision. This technology allows traders to implement strategies around the clock without the need to constantly monitor the market. As Bitcoin continues its upward trajectory, these bots offer a significant advantage by enabling timely and informed trading decisions, solidifying their status as the best crypto trading bot solutions available today.


Meeting the Needs of a Diverse Trading Community


The platform's success lies in its ability to cater to a broad spectrum of traders — from novices to seasoned investors. Whether it's leveraging the volatility of Bitcoin's price movements or diversifying portfolios with other cryptocurrencies, DeFiQuant's automated trading bots provide a comprehensive solution that meets the diverse needs of the trading community.


A Response to Bitcoin's Market Triumph


The correlation between Bitcoin's market performance and the demand for automated trading bots underscores the evolving landscape of cryptocurrency trading. As digital currencies reach new valuation milestones, the need for innovative trading solutions becomes increasingly critical. DeFiQuant's bots, renowned for their reliability and effectiveness, offer traders an unparalleled tool to navigate this changing environment.


Looking Forward: Innovation and Expansion


As the crypto market continues to grow, DeFiQuant remains committed to innovation, constantly enhancing its automated trading bots to meet the evolving needs of its users. "Our goal is to stay at the forefront of trading technology, providing our users with the tools they need to succeed in the ever-changing crypto market," stated Heery. With plans to expand its range of services and continuously improve its platform, DeFiQuant is poised to lead the way in automated crypto trading solutions.


Join the Automated Trading Revolution


Traders looking to leverage the latest in automated trading technology and capitalize on the opportunities presented by Bitcoin's growth are invited to explore DeFiQuant's offerings. With a commitment to excellence and a user-centric approach, DeFiQuant provides an ideal platform for anyone looking to enhance their trading strategy in the cryptocurrency market.


DefiQuant offers a range of trading bots for all levels of investors:

  • Free Experience Bot: $5 investment returns $0.15 plus the initial amount in a day.

  • 1-Day Bot: $50 investment for a $0.3 profit, returned in a day.

  • 5-Day Bot: Invest $500 for a $21.25 profit, returned in 5 days.

  • 7-Day Bot: $1050 investment for a $73.5 profit, returned in 7 days.

  • 15-Day Bot: $3000 investment yields a $540 profit in 15 days.

  • 20-Day Bot: $6000 investment for a $1680 profit, returned in 20 days.

  • 30-Day Bot: $10800 investment brings a $5184 profit in 30 days.

  • 45-Day Bot: $18000 investment for a $14580 profit, returned in 45 days.

  • 60-Day Bot: Invest $30000 for a $36000 profit, returned after 60 days.



For more information about DeFiQuant's automated trading bots and investment opportunities, please visit www.defiquant.net.


For media inquiries, please contact:

Allen Heery

Media Representative

Email: [email protected]

Website: www.defiquant.net


Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency & securities.



Digital Asset Manager Onramp Invest Integrates CoinDesk 20 Index for RIAs

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Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.



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