Yellow Capital Blog/Weekly Crypto Digest/Weekly Crypto Digest for February 18-25, 2024

Weekly Crypto Digest for February 18-25, 2024

Sunday, February 25, 2024

In the latest issue of Weekly Crypto Digest, read more about how Trump prefers USD over Bitcoin, no more USDC on Tron, Reddit invested in crypto, and more news.

Trump discussed the future of Bitcoin in the US and named his favorite currency

Trump prefers dollars over BTC

The former president of the United States and the leader of the Republican Party, Donald Trump, said that the current development of Bitcoin will require the introduction of specialized regulation by the authorities. According to him, BTC has acquired a life of its own.
At the same time, the politician is still deciding whether to accept Bitcoin as a means of payment in the United States. Trump emphasized that he always liked the dollar.

The FixedFloat crypto exchange was hacked for $26 million

The team of the cryptocurrency exchange FixedFloat confirmed the hack, which resulted in losses of at least $26 million in Bitcoin and Ethereum.
​Since February 17, some platform users began to report suspension of transactions and loss of assets. FixedFloat initially cited technical issues.

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Reddit invested in BTC, ETH, and MATIC

The Reddit platform has filed an application with the US Securities and Exchange Commission (SEC) for an initial public offering (IPO). The documents indicate that the platform invested in some crypto assets.
In particular, Reddit acquired bitcoins (BTC) and Ethereum (ETH). In addition, the platform indicated that it additionally owns a certain amount of Polygon (MATIC) tokens.
They, as well as part of Ethereum (ETH) coins, were received "as payment for the sale of virtual assets." In addition, in the documents, Reddit indicated that it does not exclude the possibility of further investments.
​According to the statement, the net book value of this portfolio is "insignificant." However, the platform did not disclose the exact amount.

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Hi, I am Alexis Yellow

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