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10 main events of the week from Matrixport
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10 main events of the week from Matrixport

Feb 10, 2024

Researchers from Matrixport analyzed events in the cryptocurrency industry from February 2nd to 8th, 2024, highlighting ten significant news pieces. These events provide insights into the current state of the digital asset industry and help understand its key development trends.

One of the key points was billionaire Donald Trump's promise to dismiss Federal Reserve Chairman Jerome Powell if he wins the 2024 US presidential election. It was also noted that the head of the Federal Reserve hinted at a possible delay in interest rate cuts until the end of March to maintain inflation at 2%.

An important event was the re-election of Nayib Bukele as president of El Salvador, known for his support of Bitcoin. Additionally, GoDaddy started collaborating with Ethereum Name Services, allowing users to link domain names with ENS. The Solana network faced issues, with its operations halted for over 5 hours due to a system failure.

Cathy Wood, head of Ark Invest, expressed the opinion that BTC is gradually replacing gold as a store of value. US Treasury Secretary Janet Yellen urged Congress to enact digital currency legislation as soon as possible.

The South Korean Prosecutor's Office arrested executives of Haru Invest for allegedly stealing $826 million in cryptocurrencies from 16,000 users. The country also approved the "Virtual Asset User Protection Act," prohibiting market manipulation and illegal transactions, effective July 19, 2024. Lastly, MicroStrategy purchased an additional 850 Bitcoins worth $37.2 million, reaffirming its confidence in the future of cryptocurrencies.

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