🇺🇸 Riot Platform's Pierre Rochard to the Texas State Senate: "Bitcoin will continue to accrue long term value, so now is the perfect time to make a strategic investment."

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🗞 February 19, 2025 cryptocurrency news highlights

【Cryptocurrency】
Yesterday's Bitwise BITB Net Outflow was $112.7 million💣

【Economy】
Trump Plans to Impose New Round of Tariffs on Imported Goods

【Indicators】
Around $350m in liquidations, including $277m from long positions, hit the crypto market in the past 24 hours as Bitcoin saw significant volatility, climbing to $96,000 before dropping to $93,000 and then returning to $95,000.

【More】
🇺🇸 Riot Platform's Pierre Rochard to the Texas State Senate: "Bitcoin will continue to accrue long term value, so now is the perfect time to make a strategic investment."

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Bitwise is donating $150,000 to Bitcoin open-source developers.☄️

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Bitcoin may fall to $86,000 as demand drops from 279,000 BTC in November 2024 to 70,000 BTC, per a February 19, 2025, CryptoQuant report. Low network activity and liquidity signal ongoing pressure, though a sentiment reset might signal an impending price bottom. 🕯

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

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Bitcoin's price surged to $97,000, now trading at $96,800, with a 24-hour gain of 1.6%.💰

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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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