MicroStrategy's $820M Bitcoin Pump

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MicroStrategy just purchased $820M of Bitcoin. And now it nears $73k. Coincidence??? Maybe. But other news with the London Exchange could be an impact. Plus web3 funding is off to a 🔥 start in March. An app in the Apple Store included a wallet drainer 🥷 And Vitalik is staying busy with Ethereum upgrades. Keep on Scrolling for more hot news & headlines 👀

• Bitcoin passes $72k with regulatory news and billions of institutional dollars flowing in (CNBC)

• Optimism offloads $90M of tokens in private deal (M)

• MicroStrategy buys $820M of BTC after debt sale (CN)

• Tether stablecoin USDT is partnered with Celo blockchain for ‘microtransactions’ (CT)

• Sony patents new ‘super-fungible token’ to ramp up blockchain gaming efforts (NFTP)

• Daily DApp users surges to new highs (TD)

• BTC tops $72.6k. ETH nears $4.1k. Most of the crypto market continues to follow 📈

• Telford Ventures raises $30M Fund to invest in web3 startups (TT)

• Zama raises $73M to expand encryption (P)

• Eclipse Labs closes $50M Series A co-led by Hack VC and Placeholder VC (@EclipseFND)

• Baanx raises $20M to bring crypto payments to US (P)

• Polygon Capital leads $6M round for decentralized AI network startup, Sahara (CD)

• GoPlus Security raises $4M in private round from top web3 investors (IO)

• Stablecoin project Ethena Labs bags $4M for USDe treasury (CD)

• First week of March records $178M invested in web3, crypto, NFT, and blockchain startups (CM)

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• U.S. to appeal Do Kwon’s extradition to South Korea (CD)

• London Stock Exchange to accept Bitcoin and Ethereum-backed ETN applications (CN)

• Nigeria’s SEC updates guidelines for crypto firms (CD)

• SEC’s Gary Gensler says crypto ‘rife with abuse and fraud‘ (YF)

• Leather Wallet app in iOS store is a fake wallet drainer (@LeatherBTC) (@cryptovondoom)

• Unizen plans to reimburse victims of $2.1M breach (CN)

• What Zama is doing to expand encryption solution (P)

• Report shows UK residents have lost €15,000 on average from crypto scams (CN)

• February saw $47M stolen by crypto phishing campaigns from 57k victims (CTIO)

• Crypto scammers are using Calendly to plant malware in Mac users to steal crypto (FOX)

• SEC’s Gary Gensler says crypto ‘rife with abuse and fraud‘ (YF)

• Vitalik proposes a quantum-resistant hard fork for Ethereum blockchain (BN)

• BitWise predicts ETH to hit $10K this year (CD)

• Whales are accumulating more ETH (UT)

• Over half a billion in ETH has been burnt the past month (FXS)

• Ethereum’s Dencun upgrade to take place this week: here’s why it’s important (CT)

• Ethena becomes highest earning DApp in crypto (M)

• Daily trading volume on CEXs rises to $100B (TB)

• Dogwifhat memecoin community members plan to advertise on Vegas Sphere (CD)

• BlackRock to purchase spot BTC ETF for global allocation fund (TB)

• Bitcoin becomes the 13th largest currency in the world (@WatcherGuru)

• Donald Trump discusses opinions on Bitcoin and NFTs

• Does Satoshi Nakamoto have a deadman’s switch (FC)

• Bitcoin miners energy consumption is increasing during crypto run-up (FY)

• Web3 quest for adoption mired by complex user interfaces (CS)

• When crypto advocates ‘step into the arena’ during different cycles (@stevencook_)

• Why we need more ‘boring web3 companies’ like infrastructure to be built (BW)

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