🔊Weekly Market Highlights #137: February 10 - February 16

✨After last week's dump, the crypto market rebounded in the second week of February 2025, with major headlines stirring public interest. Pi Network announced its open main net launch. Meanwhile, new celebrity-linked meme coins featuring ex-Binance CEO CZ, Argentina’s President, and the President of the Central African Republic grabbed attention.

✨Over the past week, the crypto market total capitalization increased by ~$44B (from ~$3151B to ~$3195B).

✨BTC Barely Moves
✅BTC traded between $95K and nearly $99K throughout the past business week, experiencing heightened volatility driven by Trump’s proposed tariffs on select imports and the latest CPI data from the U.S. Bureau of Labor Statistics.

✅Despite the fluctuations, the weekend remained stable, with BTC holding around $97K on February 15 and consolidating at that level. This marks only a 0.5% change over the week.

✨Featured News
✅Pi Network will officially transition to Open Network on February 20, allowing free PI trading after years of restrictions. OKX will list PI on the same day
Source: LINK

✅Shares of GameStop and MicroStrategy surged after a photo of their CEOs, Ryan Cohen and Michael Saylor, surfaced online, sparking speculation that GameStop could potentially adopt crypto.
Source: LINK

✅Binance’s reserves fell from $14B to $6B in February, sparking investor concerns. The exchange claims the drop is due to accounting adjustments but has not provided proof. Speculation links the drop to regulatory settlements or investment shifts.
Source: LINK

✨ Celebrity-Linked Memecoins Take the Spotlight
1️⃣ $LIBRA & Argentina’s President Javier Milei – Promoted by Milei, $LIBRA surged before crashing, leading to investor losses and impeachment threats.
Source: LINK

2️⃣ $CAR & Central African Republic’s President – Launched as a national unity project, $CAR hit a $900M market cap, but concerns over deepfake promo videos raise doubts.
Source: LINK

3️⃣ CZ & Broccoli Memecoin – Inspired by CZ’s pet dog, Broccoli-themed meme coins skyrocketed, but CZ denied involvement and warned investors.

📊 Market Indicators
✨Bitcoin Fear and Greed Index is 51 - Neutral, lower than at the beginning of the week (43)

✅Total 2 Index (Marketcap excluding BTC) is now at $1195B

✨Dominance:
✅BTC: 59.7%
✅ETH: 10.1 %

📣See you next week!

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📣 BINGX PICKLEBALL OPEN TOUR 2025 – VIETNAM’S FIRST WEB3.0 COMMUNITY SPORTS TOURNAMENT 📣

This March, the BingX Pickleball Open Tour 2025, organized by PCC, will officially kick off in Ho Chi Minh City. The tournament promises to deliver thrilling competitions with a super attractive total prize pool of up to $15,000!
Sponsored by the BingX Exchange and over 20 other partners, the tournament is expected to attract more than 200 athletes and KOLs, Celebrities who love Pickleball in general and Web 3.0 in particular. This is an opportunity for you to compete, connect and experience a different kind of tournament.

🔥 Ready to dominate the court? Don’t miss your chance to join!

🚨 TOURNAMENT DETAILS:
📅 Date: March 29, 2025
📍 Venue: Tana Sport – 29 Đào Duy Anh, Ward 9, Phu Nhuan District, Ho Chi Minh City

🎁 EARLY BIRD OFFER: Only 100 early registration slots available until February 28!
👉 Register now: https://quickom.net/event/giai-dau-bingx-pickleball-open-tour-2025-2783

⭐️ BSCS Official Media Channels:
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🔊Weekly Market Highlights #138: February 17 - February 24

✨After last week's dump, the crypto market rebounded in the second week of February 2025, with major headlines stirring public interest. Pi Network announced its open main net launch, and Bybit exchange suffered a $1.4 billion hack, marking the largest crypto attack in history.

✨Over the past week, the crypto market total capitalization decreased by ~$27B (from ~$3195B to ~$3168B).

✨BTC Volatile Week
✅After failing to break past $99K last Friday, BTC remained range-bound around $97K over the weekend. However, as the new business week began, BTC dropped to $95,5K on Monday and continued its decline to $93,5K on Tuesday, marking its lowest level in over two weeks.

✅At this point, bulls stepped in, preventing further losses. On Friday, BTC rebounded and gained momentum, fueled by positive news from Coinbase regarding its SEC lawsuit. This pushed the asset to a 13-day high of $99,5K, reigniting hopes of a breakout above $100K.

✅However, market sentiment quickly shifted following Bybit’s record-breaking hack, where $1.5B in ETH was stolen from its hot wallet. The panic triggered a sharp sell-off, with BTC plunging over $4K within hours.

✅Despite the setback, BTC rebounded on Saturday, climbing above $96K.

✨Featured News
✅Bybit announced a massive hack, resulting in the loss of approximately $1.5 billion worth of Ethereum. The breach occurred during a routine transfer from a cold wallet to a warm wallet. Bybit's CEO, Ben Zhou, assured clients that their assets remain secure and that the company is collaborating with blockchain forensic experts to trace the stolen funds.
Source: LINK

✅SEC intends to drop its lawsuit against Coinbase, which sought to regulate the company as a securities exchange. This decision aligns with the current administration's pro-cryptocurrency stance and may lead to a more favorable regulatory environment for crypto exchanges.
Source: LINK

✅After years of anticipation, Pi Network was finally listed on exchanges, allowing free trading of PI for the first time. The launch sparked massive interest, marking a major milestone for the project.

📊 Market Indicators
✨Bitcoin Fear and Greed Index is 49 - Neutral, lower than at the beginning of the week (51)

✅Total 2 Index (Marketcap excluding BTC) is now at $1235B

✨Dominance:
✅BTC: 60.4%
✅ETH: 10.5%

📣See you next week!

⭐️ BSCS Official Media Channels:
Website | Telegram | Substack | Twitter