**Bitcoin Surges Past $60,000 Mark with Optimism for New All-Time High**
The past week saw significant growth in the crypto market, with Bitcoin surpassing the highly anticipated $60,000 mark. This surge has sparked hope among industry experts, who are predicting a new all-time high for the cryptocurrency in the near future.
**Bitcoin**
– After reaching $64,000, experts believe Bitcoin could potentially hit a new all-time high of $69,000.
– Galaxy Digital CEO, Mike Novogratz, expects Bitcoin to experience a correction before potentially reaching this new milestone.
– BlackRock has partnered with the Brazilian stock exchange, B3, to launch Bitcoin ETF’s Brazilian Depository Receipts in the country.
– El Salvador has accumulated over $60 million worth of Bitcoin, but President Bukele has no immediate plans to sell them.
– Whistleblower Edward Snowden claims that a national government has secretly been purchasing Bitcoin without public disclosure.
– Asset Manager Morgan Stanley is reportedly considering offering a spot Bitcoin ETF on its brokerage platform.
**Ethereum**
– Ethereum Layer-2 network, Blast, has officially launched its mainnet, allowing users to withdraw previously locked funds.
– The Ethereum Foundation has successfully activated the Ethereum Dencun upgrade across various testnets as of February 27th.
**DeFi**
– Uniswap, a decentralized exchange, plans to launch a web extension for its native wallet, enabling users to send, receive, buy, and swap tokens and altcoins directly from their web browser.
**Technology**
– StarkWare has introduced a new open-source ZK Prover that aims to significantly reduce transaction costs for end users.
– Aave’s social layer, Lens Protocol, has become permissionless, allowing anyone to join and build on the platform.
– Hotel marketplace RSRV has partnered with the Tezos blockchain to tokenize its first asset, the St. Regis Aspen Resort.
**Security**
– Business intelligence firm MicroStrategy’s X account was compromised, resulting in hackers posting malicious links related to a fake Ethereum-based MSTR token airdrop.
**CBDC**
– Republican senators Ted Cruz, Bill Hagerty, Rick Scott, Ted Budd, and Mike Braun unveiled legislation to ban central bank digital currencies (CBDCs).
**Regulation**
– Hungary has introduced a draft law that permits banks, investment funds, and asset managers to offer services involving Bitcoin and other cryptocurrencies.
– The SEC has requested a deadline extension for document preparation in its ongoing legal battle with Ripple (XRP).
– The extradition of Terraform Labs co-founder Do Kwon has encountered legal complications that could potentially delay his presence at the start of his fraud trial in the United States.
**Hot Take: Bitcoin’s Rise Fuels Optimism for Cryptocurrency Market**
Bitcoin’s recent surge past $60,000 has injected renewed optimism into the cryptocurrency market, with experts predicting a potential new all-time high. This growth has been accompanied by various developments in the crypto industry, including the launch of Ethereum’s Blast mainnet and the expansion of DeFi services. However, security threats and regulatory challenges continue to persist. While the future of cryptocurrencies remains uncertain, the current momentum indicates positive prospects for the market.
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