Crypto News Weekly Recap 📰

Paradigm
Paradigm
Published in
2 min readFeb 27, 2024

20th February — 27th February

▫️ Bitcoin reaches a new record high above $56,000, marking its highest level since November 2021.

▫️ Crypto investment products attracted nearly $600 million in inflows last week, primarily driven by spot Bitcoin ETFs.

▫️ Japan aims to enable specific venture capital firms to make direct investments in cryptocurrencies.

▫️ England’s Law Commission seeks feedback on draft legislation proposing to classify crypto as property.

▫️ South Korean regulator to discuss NFTs and crypto ETFs with Gary Gensler.

▫️ Reddit discloses holding insignificant amounts of crypto in its SEC filing.

▫️ Kraken files for dismissal of SEC lawsuit.

▫️ Legal defense fundraiser for Roman Storm & Alex Pertsev extended, introducing new NFTs.

▫️ Blueberry lending exploit addressed, with 367 ETH returned after being front-run by c0ffeebabe.

▫️ Sky Mavis co-founder Jeffrey Zirlin’s wallets were hacked for $9.7M in ETH.

▫️ BitForex website blocks users after apparent $57 million hot wallet withdrawals.

▫️ Blast crosses $2 billion in TVL ahead of Feb. 29 mainnet launch.

▫️ Total value locked in liquid staking protocol Lido surpasses $30 billion.

▫️ Optimism distributes over 10M OP, valued at nearly $41M.

▫️ Uniswap v2 goes live on Arbitrum, alongside OP mainnet and Base.

▫️ Gauntlet, Aave’s $2M risk advisor, resigns due to inconsistency in DAO’s objectives.

▫️ Aave Governance proposes a new “Aave-Alignment User Reward” system.

▫️ Alchemy introduces Modular Account feature on its platform.

▫️ StarkNet launches DeFi Spring event.

▫️ Farcaster integrates support for Solana addresses.

▫️ OKX unveils new ERC standard ERC-7579 to enhance Web3 User Experience.

▫️ Fuel Labs announces Fuel, an OS built for rollups.

▫️ Yuga Labs protects NFT royalties ahead of Magic Eden’s Ethereum marketplace launch.

▫️ Hack VC secures $150M for new VC fund.

▫️ Andreessen Horowitz invests $100M in EigenLayer.

▫️ RW3 Ventures raises $60M for Crypto VC fund, backed by Mubadala and Raptor Group.

▫️ Flare secures $35M in funding for its L1 network.

▫️ AltLayer concludes a $14.4M strategic funding round, co-led by Polychain and Hack VC.

▫️ Helius, a Solana developer platform, announces a $9.5M Series A funding round.

▫️ Superfluid, an Ethereum-based token streaming protocol, secures $5.1M in strategic funding.

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