Prometheus

Crypto Cycle:

2014 - you are an idiot
2015 - you are an idiot
2016 - you are an idiot
2017 - you got lucky
2018 - you are an idiot
2019 - you are an idiot
2020 - you are an idiot
2021 - you got lucky
2022 - you are an idiot
2023 - you are an idiot
2024 - you are an idiot
2025 - you got lucky
2026 - you are an idiot

The cryptocurrency company World Liberty Financial of the Trump family is set to launch a cross-border payment service "World Swap".

The authorities of the Russian Federation will conduct voting on the launch of their own Russian stablecoin.

The Bank of Russia has estimated that the daily turnover of cryptocurrency in Russia amounts to ~50 billion rubles, which is over 10 trillion a year.

The authorities also stated that the Central Bank and the government expect to adopt laws regulating cryptocurrency during the spring session of the State Duma.

At the same time, the Moscow Exchange declares that it is ready to start servicing cryptocurrency trading as soon as it is permitted. It says that it wants to eliminate the gray part of the crypto market in the country and take this pie for itself.

There is unprecedented fear in the crypto market — they were not even this afraid during the collapse of Terra-LUNA in 2022

Breaking!

The Bank of Russia has published an important post on its Telegram channel

Another solo miner managed to mine a block in the Bitcoin network and exclusively received 3,153 BTC to their wallet.

Binance completed the conversion of its SAFU from stablecoins to bitcoins — the exchange's fund currently holds exactly one billion dollars in BTC.

If the capitalization of SAFU falls below $800 million in the event of a cryptocurrency market downturn, the balance will be restored to $1 billion by purchasing new bitcoins.

BlackRock has entered DeFi through Uniswap.

The investment giant launched trading of its tokenized bond fund BUIDL through Uniswap and purchased UNI tokens for an undisclosed amount.

In September of last year, Binance and Franklin Templeton announced a strategic partnership to develop products with digital assets to bridge TradFi and blockchain.

Now they have launched a new institutional collateral program, under which clients will be able to use tokenized shares of Franklin Templeton as over-the-counter collateral for trading on Binance.

Thus, cryptocurrency continues to evolve, going through cyclical phases, while local downturns on the global path do not have decisive significance.

Goldman Sachs reports ownership of cryptocurrency worth $2.3 billion:

- Bitcoin worth $1.1 billion
- Ethereum worth $1 billion
- Ripple worth $153 million
- Solana worth $108 million

Bitcoin is again below $67,000

...

CryptoQuant says that the lack of fresh capital strengthens bearish sentiments regarding #bitcoin

Strategy continues to buy bitcoins, despite the fact that the company's crypto balance is already down by $6 billion. Right now they have 714 644 BTC 👀

Hint understood

The EU is going to impose a complete ban on all crypto operations somehow related to Russia.

The following will be banned:

- operations through any Russian services
- transactions with the digital ruble
- banks helping the Russian Federation to circumvent sanctions
- trade operations with Kyrgyzstan, which is suspected by Europeans of re-exporting sanctioned goods.

How many people own crypto by country:
1. India: 93M
2. USA: 46M
3. China: 41M
4. Nigeria: 18M
5. Vietnam: 17M
6. Indonesia: 14M
7. Turkey: 12M
8. Philippines: 10M
9. Brazil: 9M
10. Pakistan: 7M
11. Mexico: 7M
12. Argentina: 7M
13. South Africa: 6M
14. Thailand: 5M
15. Russia: 5M
16. Egypt: 4.5M
17. South Korea: 4.5M
18. Ukraine: 4M
19. Colombia: 4M
20. Spain: 3.5M
21. United Kingdom: 3.5M
22. Iran: 3.5M
23. France: 3M
24. Japan: 3M
25. Germany: 2.8M

Something went wrong. The RKN site is down, MAX is not working properly either.

In Russia, a law on the procedure for the arrest and seizure of cryptocurrency has been adopted in the third reading:

- The protocol for the seizure of cryptocurrency must specify: the type of currency, the amount, and the address-identifiers.

- Holders or access to cryptocurrency must be stored in sealed form.

- For the safety of digital currency, it may be transferred to a special address; the procedure for transfer and storage will be determined by the government of the Russian Federation.

- The transfer of seized cryptocurrency to a special address-identifier is allowed if technical feasibility exists.

The State Duma denied the news about the slowdown of Telegram in Russia.

"The issue of blocking Telegram has not been discussed in the State Duma Committee. The Roskomnadzor may begin blocking if there are claims regarding the legislative framework."