Welcome to BitPinas Key Points: easily digestible news in concise formats for easy reading. Let’s check the latest crypto news stories in the last 24 hours.

Crypto Price Update

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Market News

• Bitcoin remains at the $51,000 level and is down 2% in the last 7 days.
• VanEck’s Bitcoin ETF sees a massive 2,200% surge as per Bloomberg.
• Ethereum retreats from 3,000 and is staying at the $2,900 mark. ETH is up 4% in the last 7 days.
• The only major top mover in the top 10 coins by market cap is BNB, up 8% vs the previous day.
• AI tokens experience a rally following Openai’s Sora text-to-video project announcement.

Local News

• GCrypto adds Dogecoin, bringing the number of tokens in the platform to 31.
• PDAX re-announces its partnership with Red Cross. People can now donate to Philippine Red Cross using crypto.
• YGG Pilipinas ask-me-anything session with Chain Colosseum Phoenix.
• Museigen launches new webcast BitBulaga.
• Web3 Cebu discussion on X.
• Coins.ph hosts Gala community in its office event space.

Regulation

• Hong Kong to put in place legislation for stablecoins and over-the-counter transactions.
• Turkey to discuss crypto regulation.

Noteworthy

• Circle is ending support for USDC on Tron. Circle said USDC minting on Tron ends “immediately” and that everyone should redeem their Tron-based USDC by February 2025.
• Polygon and StarkWare unveil ‘Circle STARKs’ as a groundbreaking advancement in zero-knowledge proof technology.
• MetaMask can now notify users on Linea, BNB Smart Chain, Polygon, Arbitrum, Optimism, and Avalance of security issues.

This article is published on BitPinas: Key Points | Feb. 22, 2024 | Circle Ends Tron-based USDC Support

Disclaimer:

• Before investing in any cryptocurrency, it is essential that you carry out your own due diligence and seek appropriate professional advice about your specific position before making any financial decisions.
• BitPinas provides content for informational purposes only and does not constitute investment advice. Your actions are solely your own responsibility. This website is not responsible for any losses you may incur, nor will it claim attribution for your gains.

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• Source: https://bitpinas.com/feature/key-points-2024-02-22/