Feb 28, 2024

Bitcoin Breaks $60k 🚀💬🌱


Bitcoin Breaks $60k 🚀💬🌱 Valko

Top News

Specs’ Insights

Bitcoin breaks $60k, and might hit new all-time highs before halving

⌐◪-◪ → Bitcoin just surged past $60k for the first time since November 2021, and things have never felt more bullish.

Furthermore, there’s a strong chance that Bitcoin hits a new all-time high (breaks $68.9k) before the halving in ~51 days.

This would be a first as Bitcoin establishes an all-time high pre-halving, making this cycle a clear divergence from previous ones.

For context, in the last 2 cycles, Bitcoin broke its all-time high 7-8 months after the halving.

While several factors are at play, I believe the biggest contributor is the newly approved spot Bitcoin ETFs which not only legitimized Bitcoin in the eyes of the public but also provided easy access to anybody with a basic brokerage account.

This cycle is going to hit different.

Let me know what you think in Specs Chat!

TON Rockets Nearly 40% After Telegram Says Will Share Ad Revenue Via Ton Blockchain

The Telegram Ad network will open to advertisers in March, founder Pavel Durov said in a broadcast on his official channel.

⌐◪-◪ → Looks like Telegram is taking a page from Twitter’s playbook, announcing their plans to share ad revenue with channel owners starting in March.

The company’s founder Pavel Durov said they will use the TON Blockchain to manage all ad revenue payments and withdrawals, which subsequently caused a 40% surge in the TON’s price.

This is a big deal considering Telegram has over 800M active monthly users, which means millions in new money is about to enter the crypto economy.

We’ll probably see other social media platforms follow suit — either by implementing their own ad revenue sharing programs or putting existing programs on web3 rails. Bullish for web3.

💬 Join Specs Chat

Lens Protocol finally opens up to the public, anybody can now join

Decentralized social graph Lens has transitioned to a permissionless phase, allowing anyone to join the platform.

⌐◪-◪ → FINALLY! Lens Protocol has gone “permissionless”, meaning anybody can create an account without an invite! Wahoo!

The platform was previously closed off to the public, operating on an invite-only basis, with a focus on creators, influencers, and artists. I believe this was part of a broader strategy to ensure a strong initial user base with quality content and high engagement, but some think they waited too long.

This puts Lens in direct competition with Farcaster, which rolled out permissionless access last October and has since seen explosive growth after the launch of Farcaster Frames.

So the real question is: Can Lens catch up to Farcaster?

Only time will tell, but if you want to dig into the key differences between Lens and Farcaster, check out this killer article from Bankless.

If you want to secure your Lens username, get started here.

💬 Join Specs Chat

Everything Else

⛓️ Crypto & DeFi

  • Uniswap reveals 3 new tools to facilitate easier crypto transactions

  • Ledger says 5 years until phones with integrated hardware wallets

  • Rug Radio & Decrypt formalize merger under new name, DASTAN

  • Arweave releases testnet for ‘absurdly scalable’ compute layer

  • Coinbase now helps recover tokens mistakenly sent on BNB chain

  • Gauntlet to manage lending vaults on Morpho protocol

  • VanEck web3 lead calls tokenized real estate the 'holy grail'

  • SBF is recommending prison guards invest in Solana

🏦 Wallstreet & VC

  • BlackRock’s IBIT spot BTC ETF hits record daily inflows of $520M

  • Finoa offers Centrifuge’s tokenized T-Bill fund to 300+ institutions

  • Pantera Capital invests in decentralized lending protocol Morpho

  • Kraken launches institutional service to rival Coinbase custody

  • CB Ventures invests in Aerodrome Finance, AERO surges 77%

🏛️ Legal & Regulatory

  • IRS hires private-sector experts to advise on crypto tax enforcement

  • SBF’s lawyers ask for a “just” prison sentence of 6.5 years

🌎 Rest of the World

  • Hong Kong to roll out regulatory sandbox for stablecoin issuers

  • Strike CEO Jack Mallers announces expansion of services into Africa

🖼️ NFTs & Metaverse

  • CryptoPunks floor approaches $200,000 amid renewed NFT hype

  • VanEck launches NFT marketplace and digital assets platform SegMint

  • PORTAL IOUs are trading at $9.80 as they announce staking program

  • Ordinal inscription #2 just sold for 24.48 BTC ($1,400,532)

  • Other Page and Magic Eden partner on enhanced web3 profiles

  • Ubisoft taps AI analytics firm to help 'Champions Tactics' game launch

  • Gala launches GalaSwap decentralized exchange with token rewards

Join The Conversation!

Unlock Specs’ full potential by joining Specs Chat, where members chat with Valko, add context to the daily crypto news, and share a diverse set of perspectives.

Specs Chat is more than just a group chat, it’s a community designed to help you become a better crypto investor and operator.

💬 Join Specs Chat


Share this post