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[Weekly Crypto] 2024.02.13

1️⃣ Bitcoin Pushes Through $50K for First Time Since Late 2021

The world's largest crypto has now more than recovered since tumbling below $40,000 in the initial days following the opening of the spot ETFs.

2️⃣ Bitcoin Passes $50,000 Amid Growing ETF Momentum

The bellwether crypto asset crossed the threshold for the first time since December 2021.

3️⃣ CME Trading Volume Reached Highest in 3 Years After Bitcoin ETF Approval

The total derivatives trading volume on CME rose 35% in January to $94.9 billion, the highest since October 2021.

4️⃣ Watch out ERC-404, there’s another hybrid NFT standard in town

DN404, another experimental hybrid token and NFT standard was launched by a group of developers that claim they’ve fixed the inefficiencies of ERC-404.

5️⃣ US bitcoin mining giant ‘looking at Africa’ amid expansion efforts

Bitcoin miners can incentivize the buildout of the continent’s power sources by serving as the customers of such projects, Marathon Digital exec says

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