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The memecoin market cap has declined in the past 24 hours, underperforming the rest of the cryptocurrency market.

Options dealers likely bought ETH in spot/futures market to hedge their short call exposure, adding to bullish momentum, BloFin’s Griffin Ardern said.

Andreessen Horowitz is reportedly the sole backer in a funding round expected to be announced on Thursday.

The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 22, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Helius plans to grow its team of 14 employees and bolster its tech stack with the fresh Series A financing.

The statement follows a November 2022 ECB post arguing Bitcoin was on its “last gasp before the road to irrelevance.”

The U.S. SEC’s approval of multiple spot ETFs and the billions of dollars that have poured in since doesn’t make Bitcoin a good investment or a better means of payment, the central bankers said in a blog post.

The Law Commission also called for evidence on its project on digital assets and electronic trade documents in private international law.

South Korea’s most populated province, Gyeonggi, has collected $4.6 million from crypto tax evaders, it announced on Thursday, according to a local report by Yonhap News Agency.

The Intergovernmental Fintech Working Group is also considering the impact of tokenization on domestic markets.