Japanese listed company Metaplanet Inc. announced that its total Bitcoin holdings have reached 2,100 BTC, accounting for 0.01% of the total Bitcoin supply.

Since launching its Bitcoin strategy in April 2024, the company has continued to increase its holdings of Bitcoin as a financial reserve, and plans to increase its holdings to 10,000 BTC by the end of 2025 and to 21,000 BTC by the end of 2026.

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President Donald Trump is considering giving 20% of the identified savings from the Department of Government Efficiency (DOGE) to American citizens and 20% to paying down debt.

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Argentina's National Securities Commission (CNV) said it lacks jurisdiction to intervene in the LIBRA sale dispute, citing the absence of regulatory frameworks for token advertising on decentralized platforms.

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🟠 Fidelity calls Bitcoin's Lightning Network the most efficient way to transact in the digital asset ecosystem 👀

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🗞 February 20, 2025 cryptocurrency news highlights

【Cryptocurrency】
🇳🇬 Nigeria sues Binance for $81.5B, alleging economic damage and unpaid taxes, citing illegal operations and $21.6B in 2023 trades.

【Economy】
President Donald Trump is considering giving 20% of the identified savings from the Department of Government Efficiency (DOGE) to American citizens and 20% to paying down debt.

【Indicators】
Japanese listed company Metaplanet Inc. announced that its total Bitcoin holdings have reached 2,100 BTC, accounting for 0.01% of the total Bitcoin supply.

【More】
Argentina's National Securities Commission (CNV) said it lacks jurisdiction to intervene in the LIBRA sale dispute, citing the absence of regulatory frameworks for token advertising on decentralized platforms.

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Bitcoin is trading at $98,548, nearing the key $98,800 resistance. A breakout could push it to $100K, while failure may lead to a pullback to $96,800 or $95,000. 🕯

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🇦🇷Argentina’s Senate is demanding a report on President Milei’s alleged role in a cryptocurrency scandal involving $ LIBRA, which surged and crashed after his promotion. The investigation seeks transparency on potential misconduct, though legal consequences may be limited. 🔍

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Yesterday's Grayscale Mini BTC had a net outflow of $61.1 million, while GBTC had a net outflow of $33.5 million. In addition, yesterday's Grayscale ETHE had a net outflow of $10.3 million, and Mini ETH had a net inflow/outflow of 0.🕯

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Yesterday, there was a net outflow of $88.2 million from Fidelity's Bitcoin Fund (FBTC) and a net outflow of $2.8 million from its Ethereum Fund (FETH).🕯📣

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Musk changes his X account profile picture: "The Dogefather" appears in the background

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The probability on Polymarket of "Trump establishing a strategic Bitcoin reserve within 100 days of taking office" has dropped to 10%.

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Argentine President Javier Milei gifted Elon Musk a Department of Government Efficiency (DOGE)-themed chainsaw, the symbol of his campaign and presidency, representing his aggressive economic reforms.

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Nano Labs has completed a private placement of approximately $5.9 million, raising funds in Bitcoin and USDT.

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🗞 February 21, 2025 cryptocurrency news highlights

【Cryptocurrency】
🇦🇷Argentina’s Senate is demanding a report on President Milei’s alleged role in a cryptocurrency scandal involving $ LIBRA, which surged and crashed after his promotion. The investigation seeks transparency on potential misconduct, though legal consequences may be limited. 🔍

【Economy】
Argentine President Javier Milei gifted Elon Musk a Department of Government Efficiency (DOGE)-themed chainsaw, the symbol of his campaign and presidency, representing his aggressive economic reforms.

【Indicators】
Nano Labs has completed a private placement of approximately $5.9 million, raising funds in Bitcoin and USDT.

【More】 The probability on Polymarket of "Trump establishing a strategic Bitcoin reserve within 100 days of taking office" has dropped to 10%.

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Bybit Hacked for a Total of 514,723 Native ETH and Various Derivative ETH🤕

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On February 21, 2025, Bitcoin dropped 3.07% to $95,220 after a $1.46 billion hack hit Bybit’s Ethereum wallet, causing market volatility as BTC tests the $95,000 support level. 💻

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ZachXBT linked North Korea's Lazarus Group to Bybit’s $1.46B hack, the largest exchange hack ever, earning a 50,000 ARKM bounty from Arkham Intelligence for his analysis. 🔭

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Bybit CEO Ben Zhou reported a record 350,000+ withdrawals after the hack, with 99.994% completed and 2,100 still pending. ⌛

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🛫 Funds are being transferred to Bybit from Binance, providing additional liquidity to the exchange.

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Bybit CEO: It is detected that hackers are trying to transfer assets through Chainflip, and a bounty program for cross-chain bridges will be launched soon 🔜

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