Bitcoin’s “fair value” is around 12% below the current price, based on its volatility in comparison with gold, according to JPMorgan Chase & Co. strategists led by Nikolaos Panigirtzoglou.

The strategists calculated the fair-value level at around $38,000 based on Bitcoin being roughly four times as volatile as gold, they wrote in a note published Tuesday.

https://www.bloomberg.com/news/articles/2022-02-09/bitcoin-s-volatility-versus-gold-implies-38-000-value-jpmorgan#:~:text=Bitcoin's%20%E2%80%9Cfair%20value%E2%80%9D%20is%20around,strategists%20led%20by%20Nikolaos%20Panigirtzoglou.

🔥 ANNOUNCING THE PROJECT GALAXY TOKEN SALE ON COINLIST 🔥

Project Galaxy is built on open and collaborative infrastructure with the mission to help Web 3 developers use digital credential data and NFTs to build better products and communities.

The sale begins on February 17, 18:00 UTC and has one public option. We invite all eligible users to register.

Learn more and register 👉 https://cnl.st/34K4nKG

✅Cryptorank: Top 10 Metaverse Crypto Projects by Market Cap

💰Astar (Polkadot Parachain) Launches $100M Incentive Program for Smart Contract Developers

https://medium.com/astar-network/astar-network-announces-100m-astar-boost-program-e6d56099cfcd

📈Santiment reports that only 10.87% of the total BTC in circulation remains on exchanges.

This figure is the lowest since December 2018.

The amount of bitcoin on the wallets of exchanges is decreasing, reducing the likelihood of large sales.

✅Uber will ‘absolutely’ accept bitcoin as payment in the future, CEO says

Uber CEO Dara Khosrowshahi said the company is “having conversations all the time” on whether it should begin to accept cryptocurrencies as a form of payment.
“Is Uber going to accept crypto in the future? Absolutely, at some point,” Khosrowshahi told Bloomberg.

https://www.google.com/amp/s/nypost.com/2022/02/11/uber-will-absolutely-accept-bitcoin-as-payment-in-the-future-ceo-says/amp/

💰Chain infrastructure company CEO Deepak Thaplyal purchased NFT CryptoPunk #5822 for 8,000 ETH (~$23.7 million). The purchase was the largest ever collection from Larva Labs.

To purchase the token, Thaplyal used a loan on the Compound lending platform. According to him, this made it possible to purchase NFTs without selling cryptocurrencies.

✅Glassnode: BTC withdrawal from exchanges continues

✅ AMA Announcement - ENREX:
On Friday 18 February at 16:00 UTC we will be hosting an AMA with Julius Grigaitis – ENREX COO.
Venue: @Bulk_Republic
The four best questions will receive a reward of $50 in project tokens!
🆗 In order to participate you need to:
- Join the ENREX chat
- Follow Twitter
- Join Bulk RePublic (RU) chat
and/or Bulk Nation chat (ENG)
- Ask your question here

✅Crypto adoption time line

⚖️Most important ETH levels:

- $2,250+ support - where 450,000 addresses hold 10M ETH

- resistance at $2,740+- where 900,000 holder addresses are 9 million ETH

👮🏻‍♀️The Ministry of Finance of the Russian Federation announced that on Friday it submitted to the government a bill on the regulation of cryptocurrencies:

▪️ proposes to consolidate the definition of digital mining as an activity aimed at obtaining cryptocurrency

▪️ proposes to keep the ban on the use of cryptocurrencies as a means of payment in Russia

▪️ transactions with the purchase or sale of cryptocurrency in Russia will be possible only if the client is identified

▪️ proposes to oblige exchanges to inform citizens about the high risks of investing in cryptocurrencies

▪️ Russians to buy cryptocurrency will have to successfully pass a special test and then they will be able to invest 600 thousand rubles a year, without a test - 50 thousand

▪️ intends to take into account the ideas of the Central Bank on digital currencies in further work on the bill, which do not contradict its approaches

FTX enters gaming as backlash grows against crypto's incursion

Crypto exchange FTX is launching its own gaming unit, aimed at encouraging more game publishers to embrace cryptocurrencies, blockchain networks and non-fungible tokens (NFTs).

https://www.businesstimes.com.sg/banking-finance/ftx-enters-gaming-as-backlash-grows-against-cryptos-incursion

✅ AMA Announcement - JIGEN:
On Friday 25 February at 16:00 UTC we will be hosting an AMA with Filippo Ricci - Senior Operation Advisor of JIGEN.
JIGEN is the first NFT gateway for Fashion and Luxury items in the Metaverse.
Venue: @Bulk_Republic
The four best questions will receive a reward of $50 in project tokens!
In order to participate you need to:
- Join the JIGEN chat
- Follow JIGEN Twitter
- Follow Bulk Twitter
- Join Bulk RePublic (RU) chat
and/or Bulk Nation chat (ENG)
Fill out the simple form.

You can now check the text version of the AMA with ENREX team:
https://bulknetwork.medium.com/bulk-616ee84cd95e
https://crypto-bulk-intl.medium.com/bulk-9e3dfd6acdfd
The winners of the questions contest are listed at the end of the article.
Winners must contact @ASM_SKANNER

✅Compass Financial Technologies, a leading crypto index provider that calculates indices that track over $5bn in assets announces the launch of the Compass Crypto Basket Fundamental DeFi Index (CCBFDEFI) - providing a reliable institutional benchmark to one of the fastest growing sectors in the crypto industry.

The CCBFDEFI is designed to offer broad exposure to the decentralized finance (DeFi) sector by tracking a basket of the leading 10 tokens that are involved in DeFi by utilizing a novel weighting mechanism and rebalancing monthly. The CCBFDEFI is EU Benchmark Regulations compliant and is now live on Bloomberg and Refinitiv and is readily licensable by product issuers.

https://www.prnewswire.com/news-releases/compass-launches-fundamental-defi-index-as-institutional-demand-in-digital-assets-continues-to-soar-301486607.html

📈Cryptorank: total supply of stablecoins (already > $180 billion) by coins

📈ETH balances on exchanges - growth

💰FTX management handed out to Ukrainians $50 as a gif.

Namely: $25 on the exchange itself and $25 in Blockfolio

👉If you are from Ukraine, check your balance.

♟♟♟ Now you can play chess on the Saito blockchain!

https://twitter.com/StatixSx/status/1500786666612666368?s=20&t=_TP4NQ1DaKzB4bAc6WqV3Q

Saito is a new incredibly fast L1 blockchain with its own consensus mechanism that solves security issues like the 51% attack and also addresses the scalability problem!

Pump is coming?
Hope so 🔥

https://whale-alert.io/transaction/tron/88050ea688178bb01d304a820f6dbeb34c063ab422e9891b18c5a166f7089c51