
🚨 Bitcoin under $90K: Whales accumulate en masse while small investors panic!
Welcome to the Daily tribune of Friday, February 28, 2025 ☕️
Happy New Year to Cointribu! 🚀
Today is Friday, February 28, 2025, and as every day from Tuesday to Saturday, we summarize the news from the last 24 hours that you shouldn't miss!
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡️ Temperature:
Rainy 🌧️
24h crypto recap! ⏱
🐋 Bitcoin under $90,000: whales are benefiting!
As Bitcoin dives below $90,000, major investors are silently accumulating. Spoofy, famous for its aggressive trading strategies, has acquired 4,000 BTC for $344 million, while the Japanese company Metaplanet invested $13.4 million through 0% interest bonds, mirroring its strategy on Strategy (ex-MicroStrategy). While newbies panic and sell at a loss, whales exploit this correction, reminding that crypto cycles reward patience and long-term vision. 🔗 Read the full article
🚔 The FBI mobilizes the crypto sector against Bybit hackers!
In the face of the record hacking of $1.4 billion on Bybit, the FBI has ordered exchanges and blockchain node operators to block suspicious transactions. The attack, attributed to the North Korean Lazarus group, is based on a fake smart contract that compromised a multi-signature wallet. More than 11,000 suspicious wallets have been identified, and 135,000 ETH have already been laundered through mixers like Tornado Cash. This intervention marks a key step in the fight against crypto cybercrime, although hackers remain very sophisticated in their anonymization methods. 🔗 Read the full article
🇺🇸 Oklahoma adopts a strategic reserve in Bitcoin, but other states hesitate!
Oklahoma becomes the first U.S. state to adopt a strategic reserve project in Bitcoin, validating the law HB 1203 with a vote of 12 to 2. This public fund in BTC aims to protect the state against inflation and excessive monetary policies. However, several states like Montana, Pennsylvania, and Wyoming still reject this idea, citing volatility and risks to public finances. If all proposed projects in the United States succeed, it could lead to an accumulation of 247,000 BTC, or $23 billion injected into the market. 🔗 Read the full article
🎮 Hamster Kombat unveils its blockchain and wants to revolutionize gaming!
The famous game Hamster Kombat accelerates by launching Hamster Network, a Layer 2 blockchain on The Open Network (TON). This infrastructure aims to create a fully decentralized gaming ecosystem, where each element of gameplay operates on smart contracts. However, the project is going through a popularity crisis, with a drop of 86% in its users and an HMSTR token down 55% since October. This transformation could be a decisive turning point or the final act of a declining project. 🔗 Read the full article
Crypto of the day: Ondo Finance (ONDO)
Ondo Finance is a decentralized finance (DeFi) platform that aims to democratize access to institutional-level financial services by tokenizing real-world assets. By collaborating with commercial partners, Ondo Finance supports decentralized protocols and facilitates the tokenization of financial securities, thereby creating a bridge between traditional finance and blockchain. This approach allows users to access regulated financial products, such as tokenized versions of U.S. Treasury securities, providing an alternative to traditional stablecoins.
The native token of Ondo Finance, ONDO, primarily serves as a governance token within Ondo's decentralized autonomous organization (DAO). ONDO holders have the power to participate in key decisions regarding the platform's evolution and the management of protocols like Flux Finance. The initial distribution of ONDO took place in 2022, with a public sale that allowed over 18,000 individuals to acquire tokens. Holders thus benefit from direct influence over the strategic direction of the platform and can also use their tokens to access various financial products offered by Ondo Finance.
Recent performances:
Current price: $0.9167 (approximately €0.865)
24-hour change: -9.0%
Market capitalization: $2.90 billion
Rank on CoinMarketCap: #33
Coinbase triumphs over the SEC: A decisive turning point for crypto regulation?
Coinbase has just achieved a major victory in its showdown with the Securities and Exchange Commission (SEC). The announcement, made on February 27, 2025, confirms that the charges brought against the platform have been dropped. This verdict constitutes a relief for the company, but also for the entire crypto ecosystem. However, this decision raises a fundamental question: Is this a relaxation of regulation or just a simple exception?
A rebuke for the SEC and a validation of Coinbase's practices?
The lawsuit filed by the SEC against Coinbase was closely followed, as it could have had serious repercussions on the activities of the platform and on the future of regulation in the United States. By obtaining the dismissal of charges, Coinbase sends a strong message: its practices are not in contradiction with existing legislation.
The company did not merely celebrate this victory. It immediately took a stance in favor of a fairer regulation for the sector. In its statement, Coinbase declares:
"It is time to adopt fair legislation for the entire industry."
Coinbase wants to position itself as a key player in the development of future regulations in the United States. In other words, the company could become a privileged interlocutor for U.S. authorities, influencing upcoming regulatory decisions.
A precedent for the crypto industry?
If this outcome is good news for Coinbase, it mainly raises the question of its impact on other crypto companies in conflict with the SEC. Platforms like Ripple and Binance remain under high scrutiny, and this victory could serve as an argument for their defense.
The timing of this announcement is also significant. As the United States tightens its scrutiny of exchange platforms, this decision in favor of Coinbase could encourage other players in the sector to challenge the SEC's actions. However, this does not guarantee a definitive change in course. Despite this victory, regulatory uncertainty persists, and the SEC could adopt new strategies to regulate cryptocurrencies.
What future for crypto regulation in the United States?
The dismissal of charges against Coinbase does not mean that the industry is now safe from regulatory pressures. Quite the contrary, the discussions between regulators and crypto companies should intensify. With this victory, Coinbase could play a central role in these debates, advocating for clearer and more suitable regulation for the sector's development.
However, it remains to be seen whether this isolated victory will be enough to alter the regulatory trajectory of the United States, or if it is merely a temporary exception in an increasingly restrictive global context.