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Quick Take A16z-backed Story Protocol, a Layer 1 network built for IP management, has unveiled details of the tokenomics for its native token ahead of a mainnet launch. Of an initial supply of 1 billion IP tokens, 58.4% will be “allocated to the community across initial incentives, ecosystem, and foundation, ensuring broad participation and decentralized ownership.”
Quick Take Despite the volatility, we can’t help but stay bullish on crypto’s future. This column is adapted from The Scoop newsletter.
Quick Take Florida Republican Senator Joe Gruters filed a bill on Friday proposing that the state be allowed to invest in bitcoin and other cryptocurrencies. Gruters’s bill outlines that Florida’s CFO’s investments “in Bitcoin may not exceed 10% of the total funds in any account.”
Quick Take The SEC said it will decide on April 9, 2025 whether to approve or disapprove allowing options trading on BlackRock’s iShares Ethereum Trust. Also on Friday, the SEC asked for public comments on a proposal to list and trade options on Fidelity’s spot Ethereum ETF.
Quick Take Telegram game user retention rates “hovered at 5–20%, far below traditional gaming benchmarks” of 20% to 30%, according to a report from Helika. Disappointing airdrops, in particular the one launched by “Hamster Kombat,” caused the “euphoria” around Telegram tap-to-earn games to dissipate, the analytics firm also said.
- 08:16Important macro events and data next week: Intensive speeches by Federal Reserve officials, PCE, Nvidia financial report releaseNext week, several important officials from the Federal Reserve will give speeches, as follows: Tuesday 17:20, FOMC voter for 2026 and Dallas Fed Chairman Logan will speak; Wednesday 00:45, Federal Reserve Board Member Barr will speak; Thursday, FOMC voter for 2025 and Kansas Fed Chairman Schmidt will discuss economic issues; Friday 02:15, FOMC voter for 2026 and Cleveland Fed Chairman Hammock will discuss financial stability; Friday 04:15, FOMC voter for 2026 and Philadelphia Fed Chairman Hake will discuss economic prospects. In addition to this, major US macroeconomic data such as PCE (Personal Consumption Expenditures Price Index) etc. are also set to be released next week: Tuesday at 23:00 - U.S. February Consumer Confidence Index of the Conference Board; Richmond Manufacturing Index of February;After Wednesday's U.S. stock market close - Nvidia is going to release its earnings report; Thursday at 21:30 - Revised value of actual GDP annualized quarterly rate in Q4 in the United States; revised value of GDP price index in Q4; monthly rate of durable goods orders in January; number of initial jobless claims up until February 22nd; Friday at 21:30 - U.S. PCE data for January; monthly personal spending rate for January. Note: All times are UTC+8.
- 06:08The total market value of stablecoins has broken through 226.5 billion US dollars, growing by 0.54% in the past weekAccording to DefiLlama data, the current total market value of stablecoins in the crypto market has reached 226.511 billion US dollars, an increase of 1.214 billion US dollars in the past 7 days, a sequential growth of 0.54%, among which USDT's market share is 63.11%.
- 06:06Bitdeer: Today we increased our holdings by 50 BTC, currently the Bitcoin position has reached 911The Bitcoin mining company Bitdeer, listed on NASDAQ, has updated its official Bitcoin holdings data. It revealed that it has increased its holdings by 50 BTC today, bringing the total number of Bitcoins held as of February 23rd to 911 BTC.