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Latest headlines from Coindesk.

Bitcoin Zero-Knowledge Rollup Citrea Raises $2.7M in Seed Funding

Citrea says it plans to use zero-knowledge cryptography to help grow Bitcoin's budding decentralized finance (DeFi) and NFT ecosystems.

https://www.coindesk.com/tech/2024/02/21/bitcoin-zero-knowledge-rollup-citrea-raises-27m-in-seed-funding/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

New Technology Will Have Institutions Lining Up for Crypto

The zero-knowledge Ethereum Virtual Machine enables real world asset tokenization on a far greater scale, says Colin Butler at Polygon Labs.

https://www.coindesk.com/business/2024/02/21/new-technology-will-have-institutions-lining-up-for-crypto/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

When Bitcoin ETFs Are Right for Investors (and When They're Not)

SEC approval in January opened up the market to a new generation of investors but there are still advantages to directly owning crypto that ETFs can’t provide, says Eric Ervin, CEO of Onramp Invest.

https://www.coindesk.com/business/2024/02/21/when-bitcoin-etfs-are-right-for-investors-and-when-theyre-not/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Nvidia's Hotly Anticipated Earnings May 'Trigger' Bitcoin and Crypto Correction, Analyst Says

'The most important stock on Earth' could disappoint on a weak PC market and AI saturation, with Wall Street wanting more from the GPU giant, pulling down crypto and equities, the report said.

https://www.coindesk.com/markets/2024/02/21/nvidias-hotly-anticipated-earnings-may-trigger-bitcoin-and-crypto-correction-analyst-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Collapsed Real Estate-Backed Stablecoin Charts Path to Recovery

Tangible is looking to move past its failed stablecoin after learning the liquidity lesson the hard way.

https://www.coindesk.com/business/2024/02/21/collapsed-real-estate-backed-stablecoin-charts-path-to-recovery/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

STRK Tokens Claimed Hit 420M in a Day as On-Chain Metrics Soar

More than 490,000 individual wallets claimed 420 million starknet (STRK) tokens in the 24 hours after the highly anticipated airdrop went live, with the token's market cap remaining above $1.2 billion...

https://www.coindesk.com/markets/2024/02/21/strk-tokens-claimed-hit-420m-in-a-day-as-on-chain-metrics-soar/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

As Crypto 'Points' Farming Grows, So Does Risk of Vague Promises

Liquid staking protocols based on EigenLayer are offering "point" incentives attached to the vague prospect of future airdrops, but the trend carries risks.

https://www.coindesk.com/tech/2024/02/21/as-crypto-points-farming-grows-so-does-risk-of-vague-promises/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

First Mover Americas: VanEck’s ETF Volume Surges, Fairshake Raises Another $5M

The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 21, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

https://www.coindesk.com/markets/2024/02/21/first-mover-americas-vanecks-etf-volume-surges-fairshake-raises-another-5m/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Restaking Protocol Kelp DAO Brings Liquidity to EigenLayer Points

Kelp DAO's newly announced kelp earned points (KEP) token brings liquidity to EigenLayer Points.

https://www.coindesk.com/markets/2024/02/21/restaking-protocol-kelp-dao-brings-liquidity-to-eigenlayer-points/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Turkey’s Upcoming Crypto Rules Will Protect Users While Fostering Innovation, Lawmaker Says

Ömer İleri, who oversees Information and Communication Technologies for Turkey’s ruling party, met with representatives of the crypto sector to discuss upcoming regulations.

https://www.coindesk.com/policy/2024/02/21/turkeys-upcoming-crypto-rules-will-protect-users-while-fostering-innovation-lawmaker-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Hong Kong Doubles Down on Stablecoin, OTC Rules Promise

Public consultations on stablecoins and over-the-counter trading are already in progress.

https://www.coindesk.com/policy/2024/02/21/hong-kong-doubles-down-on-stablecoin-otc-rules-promise/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

VanEck's Bitcoin ETF Records 2,200% Volume Surge in a Day

A sudden trading volume on VanEck’s HODL product seemed “retail armyish,” one analyst said.

https://www.coindesk.com/markets/2024/02/21/vanecks-bitcoin-etf-records-2200-volume-surge-in-a-day/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Crypto Super PAC Fairshake Raises $4.9M From Winklevoss Twins: Report

Fairshake, a super political action committee (PAC), has now received funding of a total of $4.9 million from billionaire twins Cameron Winklevoss and Tyler Winklevoss, Bloomberg reported.

https://www.coindesk.com/policy/2024/02/21/crypto-super-pac-fairshake-raises-49m-from-winklevoss-twins-report/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Starknet’s STRK Drops 53% Amid Token Issuance Criticism

The tokens started trading at around $5 apiece, exchange data shows, but fell ahead of significant token unlocks planned in the months ahead.

https://www.coindesk.com/markets/2024/02/21/starknets-strk-drops-53-amid-token-issuance-criticism/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

USDC Stablecoin’s Issuer Circle Dumps Tron Network; TRX Steady

Circle cited its “risk management” framework as part of the decision, among other factors.

https://www.coindesk.com/markets/2024/02/21/usdc-stablecoins-issuer-circle-dumps-tron-network-trx-steady/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin ETF Trading Spikes to Busiest Session Since January Debut

Bloomberg exchange-traded funds analyst Eric Balchunas noted a particular uptick in volume for HODL and BTCW.

https://www.coindesk.com/markets/2024/02/21/bitcoin-etf-trading-spikes-to-busiest-session-since-january-debut/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

How to Make (or Lose) Hundreds of Dollars Betting Crypto on Your Fitness Goals

"If I don't walk another 4,400 steps I'll lose $333." With a new app called Moonwalk, you get daily lessons in economics – and maybe healthier, too.

https://www.coindesk.com/business/2024/02/20/how-to-make-or-lose-hundreds-of-dollars-betting-crypto-on-your-fitness-goals/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Michael Saylor Not Interested in Selling: ‘Bitcoin Is the Exit Strategy'

Michael Saylor doesn’t plan to sell any of MicroStrategy' (MSTR)s bitcoin (BTC) anytime soon, or potentially ever, he said in an interview with Bloomberg TV on Tuesday.

https://www.coindesk.com/business/2024/02/20/michael-saylor-on-exiting-bitcoin-bitcoin-is-the-exit-strategy/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Avalanche's AVAX Underperforms Ahead of $365M Token Unlock

Avalanche's AVAX was one of the few crypto assets that dipped in price over the past week as the token will undergo a $365 million unlocking event scheduled this week.

https://www.coindesk.com/markets/2024/02/20/avalanches-avax-underperforms-ahead-of-365m-token-unlock/?utm_medium=referral&utm_source=rss&utm_campaign=headlines