Episode Details

29th Feb : Crypto & Coffee at 8
🚀Stablecoin /Tether.to USDT🚀Spot Bitcoin ETF new record 💡 U.S. Gov Transfers Nearly $1B of Hacked BTC ❌GameStop memecoin? Shiba IBU privacy tech

🚨Trading volumes for the ten new U.S. Bitcoin ETFs have surged to a new record, more than doubling their previous high set just days ago.

🚀 According to data shared by Bloomberg ETF analyst James Seyffart, CFA, CAIA on Twitter ( X ) here https://lnkd.in/d2MbXE7Q, the ten ETFs collectively amassed a staggering $7.69 billion in trading volume on Feb. 28. This marks a significant increase from the previous record of $4.66 billion in volume observed on the funds’ launch day on Jan. 11.

🚀 BlackRock’s iShares Bitcoin ETF (IBIT) notably dominated the trading activity, accounting for 43.5% of the total volume. IBIT saw $3.35 billion in trading volume, doubling its previous daily record.

🏦 U.S. Government Crypto Wallets Transfer Nearly $1B of Bitcoin Seized From Bitfinex Hacker info via CoinDesk here https://lnkd.in/dCU67Ejy
U.S. government crypto wallets, containing bitcoin seized from the Bitfinex hack, have become active. Nearly $1 billion worth of bitcoin has been transferred from these wallets to unidentified addresses in four transactions within two hours. The motive behind these transactions is unclear, and the U.S. government has not provided immediate comment. The bitcoin movement coincided with a volatile day of trading in the cryptocurrency, with its price reaching $60,000 for the first time since November 2021, then climbing above $64,000 before abruptly dropping to just above $59,000. As of the time of reporting, the bitcoin price was fluctuating just above $60,000, with its all-time high being around $69,000 set in late 2021.

❌ GameStop Memes (GMS), a project inspired by the success of Wall Street Memes (WSM) token, reportedly raised $4 million from investors, according to a post on its official X account on Feb. 14. However, some investors have raised concerns, alleging that the project operates as a never-ending presale, collecting investors’ crypto without providing promised tokens in return.

- GameStop Memes is not affiliated with the official GameStop brand. Attempts to reach GameStop for comment were unsuccessful. Furthermore, the project falsely claims a partnership with Cointelegraph on its website. Info here https://lnkd.in/dtgZyJCZ

💡 The Shiba Inu ecosystem is set to introduce a new privacy layer powered by the TREAT token, enhancing privacy for SHIB token holders. Collaborating with cryptography firm Zama, developers aim to create a privacy-focused network atop the Shibarium blockchain. This initiative aims to bolster the value proposition of SHIB tokens by providing improved privacy featu