Crypto Money Laundering is Down 30%
Hello, how’s your portfolio doing? 😀
Let's be honest, we've all been side-eyeing those charts lately with a mix of joy and disbelief.
Is this crypto rally for real?
Either way, it's got to feel good… unless you bought BTC at $60K 😂
But don’t worry; we’ll get there soon.
Anyway, here’s the news round-up for the week.
- Crypto Money Laundering is Down 30%
- Ether staking deposits touch $85B, 25% of circulating supply now locked up
- Coinbase Beats Q4 Estimates as Transaction Revenue Rises to $529 Million
- Big banks are nudging the SEC for a slice of sweet Bitcoin ETF action
Crypto Money Laundering is Down 30%
Chainalysis just reported that crypto money laundering dropped 30% in ‘23 (compared to 2022), from $31.5B in illicit trade, to $22.2B.
Ether staking deposits touch $85B, 25% of circulating supply now locked up
Ether staking deposits touch $85B, and 25% of the circulating supply is now locked up. February has been a bullish month for the Ethereum network so far, with the total amount of staked Ether (ETH) in the Beacon Chain reaching 30,206,801 ETH, locking up nearly 25% of the total circulating supply.
Coinbase Beats Q4 Estimates as Transaction Revenue Rises to $529 Million
One of the main reasons for this success is the significant growth in transaction revenues, which soared to $529 million - an 83% increase from the previous quarter. As a result, Coinbase achieved a net income of $273 million, marking their first positive quarter in 2023.
Big banks are nudging the SEC for a slice of sweet Bitcoin ETF action
Major banks and financial institutions are pushing the United States Securities and Exchange Commission to revise its definition of crypto assets, which could allow them to act as custodians to the recently approved spot Bitcoin exchange-traded funds.
Other Highlights Worth Mentioning
Bitcoin Price Continues to Rally as $147 Million in Shorts Are Liquidated - Decrypt
Taurus and Lido are teaming up to bring liquid ETH staking to Swiss banks - CoinDesk
The U.S. Treasury debunked the narrative that terrorists rely on crypto - CoinDesk
BTC price due $55.4K next amid warnings over end of Bitcoin ‘euphoria’ - Cointelegraph