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AI technologies, such as NVIDIA, are significantly impacting the crypto markets, with NVIDIA becoming the seventh most valuable asset globally. This connection between AI advancements and the stock market is leading to notable market shifts, including the influence on the crypto markets.
Ether's momentous price rise to $3,000 marks a significant milestone, celebrating the achievement since April 2022. This price surge is seen as a signal of a new price floor for Ether in the current cycle, supported by factors like layer two advancements and increased staking yields.
The Starknet token airdrop, distributed to over 1.3 million addresses, reflects one of the largest airdrops in history. However, concerns arise about the token's fully diluted valuation and the upcoming unlocking of additional supply, bringing challenges and uncertainties to its market positioning.
Eigen Layer, a cryptocurrency exploration firm, is making significant strides in expanding the crypto frontier, with a valuation approaching $8 billion. Through their innovative approach, Eigen Layer aims to enhance the utility and productivity of layer-twos within the crypto space, fostering a symbiotic relationship between different layers. Furthermore, collaborations like the creation of synthetic Eigen points by Kelp DAO are adding new dimensions to the token ecosystem, albeit with potential risks and challenges.
Athena, a new stablecoin, is generating buzz and controversy for offering high yields but raising concerns about sustainability and origins of its returns. Additionally, the preemptive legal actions, such as the lawsuit against the SEC by Legit Exchange, highlight the growing tensions between crypto market participants and regulatory bodies. These legal maneuvers reflect the complex interplay between innovation, compliance, and governance in the evolving landscape of the cryptocurrency sector.
Last Week of February 2024
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------ TIMESTAMPS & RESOURCES
0:00 Intro
3:01 Markets 3:23 ETH Price https://x.com/RyanSAdams/status/1760078604178792728
6:30 Bitcoin observations by Nic Carter https://twitter.com/nic__carter/status/1758159340886774270 https://youtu.be/acWTaENmYFw?si=da7JbWp_6SrSdtGK
10:18 L2 Update https://x.com/pseudotheos/status/1760612134189199462
11:30 Movers of the Week https://x.com/OpenAI/status/1758192960116785459 https://twitter.com/WillSmith2real/status/1759703359727300880 https://coinmarketcap.com/cs/currencies/worldcoin-org/
15:22 BTC ETF FIRST https://www.fidelity.ca/en/investments/solutions-portfolios/all-in-one/ https://dune.com/hildobby/btc-etfs
BTC ETFs gained $8.5B on gold ETFs in organic growth since Jan 11 launch! https://twitter.com/EricBalchunas/status/1760281449373065558
19:54 Coinbase earnings beat the expectations! https://x.com/coinbase/status/1758239866234839254 https://nft.coinbase.com/mint/coinearnings
21:38 NVDA Earnings https://www.cnbc.com/2024/02/21/nvidia-nvda-earnings-report-q4-2024.html https://x.com/TrendSpider/status/1760310911213207849 https://companiesmarketcap.com/assets-by-market-cap/#google_vignette
27:10 Starknet token is now live! Was this the Largest airdrop in history? https://twitter.com/StarknetFndn/status/1759910415335600584 https://www.coingecko.com/en/coins/starknetc https://token.unlocks.app/starknet 32:23 You can now check your eligibility in Claimables! https://twitter.com/BanklessApp/status/1760059308077654142
33:33 Pudgy Penguins & Luca Netz https://x.com/pudgypenguins/status/1760040978281271715 https://twitter.com/LucaNetz/status/1760042076379451693 https://twitter.com/Walmart/status/1760088434549395492 https://www.theblock.co/post/277947/pudgy-penguins-briefly-flips-bored-ape-yacht-club-in-floor-price
40:30 Big investment - A16z Invests 100m into Eigenlayer https://x.com/eigenlayer/status/1760666731859833048?s=20 https://x.com/TrustlessState/status/1760672144697229352?s=20
43:30 KelpDAO issues synthetic Eigen Points token https://x.com/KelpDAO/status/1760020436195389561?s=20
44:50 Ethena Mainnet https://twitter.com/ethena_labs/status/1759546702187696437 https://twitter.com/ConorRyder/status/1759706195709849806 https://x.com/0xngmi/status/1759734299861852372?s=20 https://twitter.com/sassal0x/status/1759772880014069989
48:00 Yuga Labs acquired Proof! https://twitter.com/yugalabs/status/1758583237964947796?s=20 https://x.com/kevinrose/status/1758586303095177229?s=20 https://twitter.com/HollanderAdam/status/175859548883878343 0?s=20
50:23 The announcement of a large $OP airdrop to builders on February 21. https://x.com/Optimism/status/1760002821120983200?s=20
51:40 THE PEOPLE VS THE SEC https://twitter.com/amandatums/status/1760346084323344480?s=46 https://twitter.com/jchervinsky/status/1760349436713050249?s=20 https://x.com/RyanSAdams/status/1760428150863913195?s=20 https://x.com/jchervinsky/status/1760480771444294046?s=20
55:28 Do Kwon is heading to the US! https://twitter.com/WatcherGuru/status/1760348316288667763 https://twitter.com/RyanSAdams/status/1760354192458232039
59:29 Stablecoin wars are heating up! https://twitter.com/Pledditor/status/1758243599446089799 https://x.com/circle/status/1760108597218889998
1:04:35 Raises and BVC Investments INIT Capital raised $3.1M seed investment! https://twitter.com/InitCapital_/status/1760273773667004620
1:05:40 Reddit āAirdropā https://warpcast.com/rsa.eth/0xb4d6eb5c
1:09:10 MEME of the Week https://warpcast.com/banklesshq/0x8180df86
1:09:44 Closing & Disclaimers
------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures
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