When you’re in survival mode, you numb yourself! (weekly crypto updates)

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What happened in crypto the past 2 weeks? Trump is an agent of Chaos on the crypto market. ETH is bleeding and SOL is having trouble. What else? Read below:

• Bitcoin: The President of El Salvador has vowed to keep accumulating BTC despite the growing pressure from the IMF to stop him from investing in the cryptocurrency. The country has now 6101 BTC worth $530M. Blockstream, the Bitcoin development firm co-founded by Adam Back, is set to launch three new investment firms, two of them focused on crypto lending. The Swiss Central Bank has dismissed the idea of incorporating Bitcoin into its reserves. Bank of Korea has ruled out incorporating BTC into its foreign exchange reserves, citing the inherent volatility. Mt. Gox transferred over $1.2B in BTC ahead of its October Repayment deadline. Mining stocks lost 22% of their market value in February alone. A famous BTC tool declared that $69K is the Bitcoin’s eternal price floor.

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• Ethereum: The Ethereum developers plan to deploy a new testnet, Hoodi, on Monday, to validate the upcoming Pectra upgrade after two problematic test runs. If the test is successful, the upgrade can be rolled out on the mainnet within 30 days. Banco Bilbao Vizcaya Argentaria (BBVA), one of Spain’s largest financial…