€2.1 Billion Bitcoin Seized. Solana's Massive Airdrop Success. ETH ETF: Approval Anticipation.

February 2, 2024

Crypto Market Update 02-02-24

Happy Friday everyone!

So long Dry January, I hope to find you again with that 🍺 in your hand reading the best weekly newsletter 😎📰

Last 7 Days Market Performance 

Bitcoin is up 2.4%, now at $ 42,907.00 📈

Ethereum is up 1.1%, now at $ 2,293.00 📈

Total crypto market cap: $ 1.72 Trillion

Fact for the week 🤔:

🧠 Elon Musk, the tech millionaire CEO of Tesla, announced this week that his other company Neuralink has successfully implanted its Telepathy brain-computer interface in a human and that initial results are promising. Neuralink is aiming to help paralyzed individuals control devices with their thoughts, but this does not come without huge controversy surrounding all animal testing practices and ethical questions. 🧪�

Onto this week’s updates 🚦

🔴 €2.1 Billion Bitcoin Seized 🔒

German police, in their largest cryptocurrency crackdown, seized 50,000 bitcoins worth €2.1 billion with help from the FBI and forensic experts, targeting suspects behind a piracy website. The historic haul moved to official wallets after suspects transferred the digital bounty voluntarily. This is, of course, one of the largest cryptocurrency seizures ever. 🪙

🟡 Solana's Massive Airdrop Success 🪂

Jupiter is hot on planet crypto, and for a good reason. Jupiter, a DeFi liquidity aggregator in Solana Chain, distributed this week an ambitious $700M airdrop to Solana wallets, distributing JUP tokens to nearly a million recipients without a hitch, showcasing Solana's capacity to handle massive transactions smoothly. This event, one of the blockchain's largest airdrops, saw the JUP token's price soar. 🚀

🟢 ETH ETF: Approval Anticipation 🤞

British giant Standard Chartered Bank is forecasting that spot Ethereum ETFs will gain US regulators approval on May 23, with ETH's price potentially rising to $4,000 by then, inspired by Bitcoin's rally before its own ETF approval. Currently, ETH trades at about $2,370, hinting at a significant upcoming price movement, so you better wise up. 👀

🎬 These were the hot topics for this week, hope you all have a great weekend and some needed rest 🧘

You can always find us at lympid.io

Lympid: Crypto interests on a trusted, regulated platform

Talk next week 👋


Great job on learning something new today 🎉