Key Points | Feb. 28, 2024 | Bitcoin Price Breaks Out as Memecoins Surge | BitPinas

Welcome to BitPinas Key Points: easily digestible news in concise formats for easy reading. Let’s check the latest crypto news stories in the last 24 hours.

Crypto Price Update

Market News

• Bitcoin surged to a 2-year high of over $57,000, surpassing previous estimates around $53,000. This marks a significant gain, pushing Bitcoin closer to its record high of $67,352 set in November 2021.
• Ethereum reached fresh new highs, now trading at $3,247.
  • The Dencun upgrade is now on testnets and will be activated on March 13.
• Stablecoins win 60% of crypto volume.

Memecoins Rally

• Memecoins are in the spotlight, with PEPE leading the charge with a 51% rally.
• Solana-based WIF have rallied significantly as well by 65%, while the entire memecoin category increase by an average of 13% in the last 24 hours.

Philippine Crypto News

• Coins.ph unveils Learn and Earn promo for Coreum.
• Ownly says new website coming soon as it sets to unveil “OwnChain”

• Scarletbox to work with Eastwood City Walk of Fame.

• PDAX in RWA (Real World Assets Tokenization) panel with IX Swap.

Investments and Acquisitions

• BlackRock Bitcoin ETF hits record of over $1.3 billion for second consecutive day.
• Justin says he owns $1.6 billion worth of Bitcoin.
• Binance Labs invests in Babylon, a Bitcoin staking protocol.

Noteworthy

• Bitcoin-focused payments app Strike rolls out service in Africa.
• Uniswap releases new tool for swappers.
• OKX opens crypto exchange in Turkey.
• Lens Protocol goes out of beta and goes permissionless.
• Gauntlet Network ditches Aave and moves to rival lender Morpho.
• Frax Finance is considering a Uniswap-like reward system for stakers.

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This article is published on BitPinas: Key Points | Feb. 28, 2024 | Bitcoin Price Breaks Out

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• Source: https://bitpinas.com/feature/key-points-2024-02-28/