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Latest headlines from Coindesk.

Bitcoin Tops $57K as Rally Picks Up Steam

The spot ETFs posted record volumes on Monday as bitcoin gained 6% during U.S. trading hours.

https://www.coindesk.com/markets/2024/02/27/bitcoin-tops-57k-as-rally-picks-up-steam/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

HTX Withdraws Hong Kong Crypto Exchange Application

Hong Kong's securities regulators says HBGL Hong Kong Limited withdrew its application for a license on February 23.

https://www.coindesk.com/policy/2024/02/27/htx-withdraws-hong-kong-crypto-exchange-application/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Seeking Yield on $37M Ether Treasury, JPEG'd DAO Mulls Airdrop Farming

"There are possibilities to solidify the treasury at low risk," pseudonymous JPEG'd contributor 0xTutti told CoinDesk.

https://www.coindesk.com/business/2024/02/26/seeking-yield-on-37m-ether-treasury-jpegd-dao-mulls-airdrop-farming/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Ether is Now the Largest Institutional Crypto Asset: Bybit Research

Ether is now the largest single asset held by institutions, with Bybit speculating that this may be because of an upward swing from the Dencun upgrade.

https://www.coindesk.com/markets/2024/02/26/ether-is-now-the-largest-institutional-crypto-asset-bybit-research/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin ETF High Volume Doesn't Always Mean Heavy Buying: NYDIG

The "turnover ratio" offers an indication of the proportion of a fund's assets traded each day.

https://www.coindesk.com/markets/2024/02/26/bitcoin-etf-high-volume-doesnt-always-mean-heavy-buying-nydig/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Craig Wright's Former Lawyers Say Emails Shared by Wife Are Fake as COPA Trial Heats Up

The emails were disclosed by Wright's counsel after COPA's expert witness Patrick Madden spent a tense day on the stand.

https://www.coindesk.com/policy/2024/02/26/craig-wrights-former-lawyers-say-emails-shared-by-wife-are-fake-as-copa-trial-heats-up/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Ether's Bitcoin Beating Rally Not Just Because of Potential ETF Approval: Bernstein

The amount of ether held on exchanges is at an all-time low of 11%, a sign that more of the cryptocurrency is being locked up for DeFi, the report said.

https://www.coindesk.com/business/2024/02/26/ethers-bitcoin-beating-rally-not-just-because-of-potential-etf-approval-bernstein/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Early Uniswap Whale Sold $1M Worth of UNI as Price Surged

A wallet that received 5.44 million uniswap {{UNI}} tokens in 2020 sold 90,000 UNI worth $1.03 million during Friday's price surge to $12.80.

https://www.coindesk.com/markets/2024/02/26/early-uniswap-whale-sold-1m-worth-of-uni-as-price-surged/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Tornado Cash Reportedly Suffers Backend Exploit, User Deposits at Risk

User deposits on decentralized privacy protocol Tornado Cash are reportedly at risk following the insertion of malicious code in the protocol's back end, according to a Medium post by community member...

https://www.coindesk.com/business/2024/02/26/tornado-cash-reportedly-suffers-backend-exploit-user-deposits-at-risk/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Avail, an Ethereum Data Network to Rival Celestia, Raises $27M In Seed Round

The funds will be used to build out its three core products, "Avail DA," "Nexus," and "Fusion Security."

https://www.coindesk.com/tech/2024/02/26/avail-an-ethereum-data-network-to-rival-celestia-raises-27m-in-seed-round/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Michael Saylor's MicroStrategy Purchased an Additional 3K BTC, Now Holds $10B Worth

MicroStrategy has purchased an additional 3,000 bitcoin {{BTC}} for $155 milllion, bringing the company's total BTC holdings up to $6.09 billion.

https://www.coindesk.com/business/2024/02/26/michael-saylors-microstrategy-purchases-an-additional-3k-btc-now-holds-10b-worth/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

First Mover Americas: Bitcoin Correction Could Be Approaching

The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 26, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

https://www.coindesk.com/markets/2024/02/26/first-mover-americas-bitcoin-correction-could-be-approaching/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin Investment Products Saw Inflows of $570M Last Week: CoinShares

Crypto-focused investment products saw the fourth consecutive week of inflows, data shows.

https://www.coindesk.com/markets/2024/02/26/bitcoin-investment-products-saw-inflows-of-570m-last-week-coinshares/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

BitForex Website Goes Dark Amid Reported $57M Outflow

Users of cryptocurrency exchange BitForex have been blocked from accessing the website. Blockchain sleuth ZachXBT reported that $57 million has been drained out of the exchange's hot wallets.

https://www.coindesk.com/business/2024/02/26/bitforex-website-goes-dark-amid-reported-57m-outflow/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Crypto, Tokenization, AI Are Priorities for Monitoring, FSB Says Ahead of G20 Meeting

The Financial Stability Board plans to publish a status report on its crypto roadmap and a report on the financial stability implications of tokenization.

https://www.coindesk.com/policy/2024/02/26/crypto-tokenization-ai-are-priorities-for-monitoring-fsb-says-ahead-of-g20-meeting/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Frax Finance Mulls Uniswap-Like Reward Mechanism for Token Stakers

"We are going to follow Uniswap's lead in proposing it. It will be up to the community to pass it," Frax's CEO Sam Kazemian told CoinDesk.

https://www.coindesk.com/business/2024/02/26/frax-finance-mulls-uniswap-like-reward-mechanism-for-token-stakers/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

MicroStrategy’s X Account Hacked, Leads to $440K Crypto Being Stolen: Blockchain Sleuth ZachXBT

The phishing attempt has already led to $440,000 worth of crypto being stolen.

https://www.coindesk.com/business/2024/02/26/microstrategys-x-account-hacked-leads-to-440k-crypto-being-stolen-blockchain-sleuth-zachxbt/?utm_medium=referral&utm_source=rss&utm_campaign=headlines