ETH Breaks Through 2100 USDT

Gate Daily (February 24): Jane Street sued by Terraform liquidator; Ethereum forms a new team to promote DeFipunk

Bitcoin (BTC) continues its decline from the beginning of the week, currently around $63,500 as of February 24. The Ethereum Foundation has established a DeFi team to promote the development of the "DeFipunk" protocol. Jane Street was sued by Terraform Liquidation Party, accused of using insider trading to accelerate the crash.

Bitcoin drops below $64,000, Ethereum holds steady at $1,800! The three major US stock indices and IBM plummet 13%, dragging the crypto market down again.

Bitcoin briefly fell below $64,000 today, then recovered to around $64,770; Ethereum experienced a smaller decline, rebounding to $1,859. The three major U.S. stock indices all declined, with tech stocks generally underperforming; IBM plummeted 13%. The correlation between Bitcoin and U.S. tech stocks has increased, and market sentiment remains "extremely panic," indicating that Bitcoin may face further downside risk in the short term.

Bitmine acquires an additional 51.162 ETH, moving closer to the goal of holding 5% of the supply

Bitmine has purchased an additional 51,162 ETH, increasing its total holdings to 4.42 million ETH, representing 3.66% of the total supply. Valued at nearly $8.7 billion, Bitmine is the largest ETH holder globally and aims to possess 5% of the total supply. The company also generates staking revenue from a significant portion of its ETH holdings.