TLDR: BlackRock’s BTC ETF Surpass 100K BTC, Starknet Foundation Announces STRK Distribution, Telefonica and Chainlink Team Up, MilkyWay Announces mPoints, First Dymension Governance Proposal Passes, Puffer Finance Becomes Second Largest Restaking Protocol & Celsius Pay Back Creditors.

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Bitcoin Highlights of the Week

Bitcoin Investments Dominated by ETFs

75% of new investments into Bitcoin are coming from ETFs. BTC ETF investments has increased to 2% of the total historical investment in Bitcoin in just one month as measured by the realized market capitalization.

BlackRock’s BTC ETF Surpass 100K BTC

BlackRock’s BTC ETF, iShares Bitcoin Trust (IBIT), has surpassed 100K BTC under management. IBIT amassed 105,280 BTC in holdings on Feb. 13. The iShares Bitcoin Trust became the first spot Bitcoin ETF in the United States to reach 100,000 BTC in managed assets on the 22nd day of trading.

Bitcoin Market Cap Reach $1T

This week, BTC rose nearly 10% to $53k. Driven by ETF inflows, subsiding Grayscale sales, and, of course, the Lunar New Year. As a result, Bitcoin's market cap reached $1T.

Coinbase Donates to Bitcoin Developers

Cryptocurrency exchange Coinbase has donated $3.6M to Brink. Brink is a nonprofit organization supporting developers for the Bitcoin ecosystem.

Bitcoin Mining Complexity Rise Ahead of Halving

Bitcoin mining difficulty, the difficulty to solve complex cryptographic puzzles used in the mining process, passed 80 trillion this week. In Bitcoin’s proof-of-work consensus mechanism, a higher difficulty means miners require more computational power and energy to find the correct hash.

Ethereum Highlights of the Week

Starknet Foundation Announces STRK Distribution

Starknet, the Ethereum layer-2, built on zk-rollup technology, anounces STRK distribution. The introduction of STRK is intended to decentralize and govern the network. The STRK token will have 7% of its supply distributed to 1.3 million wallets via an airdrop.

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