{"id":5463,"date":"2025-02-16T18:55:59","date_gmt":"2025-02-16T18:55:59","guid":{"rendered":"https:\/\/cryptonewsdesk.com\/?p=5463"},"modified":"2025-02-16T18:56:03","modified_gmt":"2025-02-16T18:56:03","slug":"michael-saylor-on-bitcoins-strength-hashkeys-30m-boost-pump-funs-new-app","status":"publish","type":"post","link":"https:\/\/cryptonewsdesk.com\/index.php\/2025\/02\/16\/michael-saylor-on-bitcoins-strength-hashkeys-30m-boost-pump-funs-new-app\/","title":{"rendered":"Michael Saylor on Bitcoin\u2019s Strength | HashKey\u2019s $30M Boost | Pump.fun\u2019s New App"},"content":{"rendered":"\n<p>This week in crypto, <strong>Michael Saylor\u2019s latest remarks on Bitcoin sparked controversy<\/strong>, <strong>HashKey secured a $30 million funding round<\/strong>, and <strong>Pump.fun expanded its meme coin services with a mobile app launch<\/strong>. Meanwhile, <strong>Argentina\u2019s President Javier Milei faced backlash over the LIBRA token collapse<\/strong>, and <strong>the NFT market saw a sharp decline<\/strong>. Here\u2019s everything you need to know.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>MicroStrategy Expands Bitcoin Holdings, Saylor Sparks Debate<\/strong><\/h3>\n\n\n\n<p>MicroStrategy, now rebranded as <strong>Strategy<\/strong>, continued its aggressive Bitcoin accumulation strategy. The company purchased <strong>7,633 BTC for $742.4 million<\/strong> at an average price of $97,255 per coin during the week ending February 9, bringing its total holdings to <strong>478,740 BTC<\/strong>.<\/p>\n\n\n\n<p>Following the acquisition, Strategy founder <strong>Michael Saylor<\/strong> stated:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cWhen you buy Bitcoin, you strengthen the network. When you sell Bitcoin, you weaken it.\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n<p>His comments drew criticism, with Singapore-based entrepreneur Julian Hosp comparing them to <strong>a Ponzi scheme<\/strong>, referencing <em>The Big Short<\/em>:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cWhy are they confessing?\u201d \u201cThey\u2019re not confessing\u2026 they\u2019re bragging.\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n<p>Bitcoin\u2019s price fluctuated slightly, dipping <strong>0.8% as of Sunday<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Milei Faces Backlash Over LIBRA Token Collapse<\/strong><\/h3>\n\n\n\n<p>Argentina\u2019s President <strong>Javier Milei<\/strong> faced political fallout after <strong>LIBRA<\/strong>, a meme coin he endorsed, <strong>collapsed by 95%<\/strong> after reaching a $4.4 billion market cap.<\/p>\n\n\n\n<p>Analysis from Lookonchain revealed that <strong>eight wallets linked to the LIBRA team withdrew $107 million<\/strong> at the token\u2019s peak before the crash.<\/p>\n\n\n\n<p>Milei later <strong>deleted his endorsement<\/strong>, denying involvement and blaming <strong>&#8220;filthy rats of the political caste&#8221;<\/strong> for exploiting the situation. Calls for an <strong>official investigation into the scandal<\/strong> continue to grow.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Crypto VC Funding Gains Momentum as HashKey Secures $30M<\/strong><\/h3>\n\n\n\n<p>The venture capital market for crypto remained strong in February.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>HashKey Group raised $30 million<\/strong> at a <strong>$1.50 billion valuation<\/strong>, leading a week where total industry funding exceeded <strong>$150 million<\/strong>.<\/li>\n\n\n\n<li><strong>Payment solutions and infrastructure projects<\/strong> dominated investment rounds.<\/li>\n<\/ul>\n\n\n\n<p>This continued interest in <strong>crypto startups and infrastructure projects<\/strong> suggests that institutional players remain committed to blockchain technology despite regulatory uncertainties.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>NFT Market Struggles as Sales Volume Drops 35%<\/strong><\/h3>\n\n\n\n<p>The <strong>NFT sector faced a significant downturn<\/strong>, with total <strong>sales volume declining by 35.15% to $112.7 million<\/strong>, according to CryptoSlam.<\/p>\n\n\n\n<p>Notable collection sales declines:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Pudgy Penguins:<\/strong> Down <strong>55.29%<\/strong><\/li>\n\n\n\n<li><strong>Azuki:<\/strong> Down <strong>79.17%<\/strong><\/li>\n<\/ul>\n\n\n\n<p>Market watchers attribute this <strong>sharp drop in NFT trading activity<\/strong> to waning investor interest and shifting liquidity to other areas of the crypto space.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Pump.fun Expands With Mobile App Amid Legal Challenges<\/strong><\/h3>\n\n\n\n<p><strong>Pump.fun<\/strong>, a leading meme coin creation platform, launched <strong>iOS and Android apps<\/strong>, enabling users to create and trade <strong>Solana-based tokens<\/strong> more easily.<\/p>\n\n\n\n<p>The launch comes as the company faces <strong>a proposed class-action lawsuit<\/strong> alleging violations of <strong>U.S. securities laws<\/strong>. Despite legal scrutiny, Pump.fun\u2019s expansion signals continued demand for <strong>meme coin trading platforms<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Tether Acquires Stake in Juventus Soccer Club<\/strong><\/h3>\n\n\n\n<p><strong>Tether<\/strong> made headlines with an investment in <strong>Italian Serie A team Juventus<\/strong>, further solidifying the <strong>intersection of crypto and sports sponsorships<\/strong>. Financial details remain undisclosed, but the deal aims to enhance <strong>crypto adoption in the sports industry<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Ethereum Developers Clash Over Network Upgrade<\/strong><\/h3>\n\n\n\n<p>Ethereum core developers remain divided on the <strong>EVM Object Format (EOF)<\/strong> proposal, which would:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Pre-check smart contract bytecode before execution<\/strong>, reducing inefficiencies.<\/li>\n\n\n\n<li><strong>Streamline Ethereum\u2019s smart contract security<\/strong>, but <strong>alter existing contract deployment processes<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p>The debate highlights ongoing <strong>scalability and security trade-offs<\/strong> Ethereum developers must navigate as the blockchain evolves.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Abu Dhabi Sovereign Fund Invests $436M in Bitcoin ETF<\/strong><\/h3>\n\n\n\n<p><strong>Mubadala Investment Company<\/strong>, Abu Dhabi\u2019s sovereign wealth fund, made a <strong>$436.9 million investment in BlackRock\u2019s spot Bitcoin ETF<\/strong> in Q4 2023.<\/p>\n\n\n\n<p>This move aligns with <strong>growing institutional adoption of Bitcoin ETFs<\/strong>, reinforcing <strong>BlackRock\u2019s position as the leading Bitcoin ETF provider with $56 billion AUM<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Bybit Resolves Regulatory Issues in France<\/strong><\/h3>\n\n\n\n<p>Bybit CEO <strong>Ben Zhou<\/strong> announced that the crypto exchange had been <strong>removed from France\u2019s regulatory blacklist<\/strong>, following over <strong>two years of compliance efforts<\/strong>.<\/p>\n\n\n\n<p>This marks a <strong>significant regulatory win<\/strong> for Bybit as it seeks expansion across <strong>Europe and other global markets<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Meme Coin Trader Nets $10M from Broccoli Token Frenzy<\/strong><\/h3>\n\n\n\n<p>A strategic trader turned <strong>$10 million in profit<\/strong> by purchasing and selling <strong>Broccoli-themed meme coins<\/strong> on Four.Meme.<\/p>\n\n\n\n<p>The trader capitalized on hype following <strong>Binance founder CZ\u2019s reveal of his pet dog<\/strong>, using a <strong>&#8220;sniping&#8221; strategy<\/strong> to acquire nearly <strong>50% of new token supplies at launch<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Pig Butchering Crypto Scams Surge by 40%<\/strong><\/h3>\n\n\n\n<p>Crypto-related <strong>pig butchering scams<\/strong> surged <strong>40% YoY in 2024<\/strong>, with <strong>illicit deposits increasing 210%<\/strong>, according to Chainalysis.<\/p>\n\n\n\n<p>These <strong>romance-based scams<\/strong> continue to expand <strong>beyond Southeast Asia<\/strong>, affecting victims worldwide.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>SEC Begins Review of Grayscale XRP Trust<\/strong><\/h3>\n\n\n\n<p>The <strong>SEC acknowledged NYSE Arca\u2019s proposal<\/strong> to list <strong>Grayscale XRP Trust shares<\/strong>, initiating a review process that could take <strong>up to 240 days<\/strong>.<\/p>\n\n\n\n<p>This signals <strong>growing institutional interest in XRP<\/strong>, though <strong>regulatory approval remains uncertain<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Binance and SEC Agree to 60-Day Legal Pause<\/strong><\/h3>\n\n\n\n<p>A U.S. judge approved <strong>a 60-day stay in the SEC\u2019s case against Binance<\/strong>, requiring a joint status update by <strong>April 14<\/strong>.<\/p>\n\n\n\n<p>This <strong>temporary pause<\/strong> could lead to <strong>a potential settlement or regulatory clarity<\/strong> for Binance\u2019s U.S. operations.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Coinbase Reports Strong Q4 Earnings<\/strong><\/h3>\n\n\n\n<p><strong>Coinbase posted $2.27 billion in Q4 revenue<\/strong>, exceeding estimates of <strong>$1.84 billion<\/strong>, with:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>138% YoY revenue growth<\/strong><\/li>\n\n\n\n<li><strong>Trading volume hitting $439 billion<\/strong><\/li>\n\n\n\n<li><strong>Transaction revenue surging 194% YoY<\/strong><\/li>\n<\/ul>\n\n\n\n<p>These figures highlight <strong>robust crypto trading activity and growing institutional adoption<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Doodles Unveils Solana-Based Token, DOOD<\/strong><\/h3>\n\n\n\n<p>NFT brand <strong>Doodles<\/strong> announced its <strong>DOOD token on Solana<\/strong>, following <strong>Pudgy Penguins\u2019 successful token launch<\/strong>.<\/p>\n\n\n\n<p>The tokenomics breakdown includes:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>30% for the Doodles community<\/strong><\/li>\n\n\n\n<li><strong>25% for ecosystem funding<\/strong><\/li>\n\n\n\n<li><strong>Remainder allocated to team, liquidity, and new initiatives<\/strong><\/li>\n<\/ul>\n\n\n\n<p>This move strengthens <strong>Solana\u2019s position in the NFT and meme coin space<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Metaplanet Plans to Hold 21,000 BTC by 2026<\/strong><\/h3>\n\n\n\n<p>Japanese firm <strong>Metaplanet<\/strong> confirmed <strong>increasing its Bitcoin holdings<\/strong>, aiming for <strong>21,000 BTC by 2026<\/strong>.<\/p>\n\n\n\n<p>This aligns with <strong>Asia\u2019s growing institutional adoption of Bitcoin as a treasury asset<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Brazil Upholds Worldcoin Ban Over Privacy Concerns<\/strong><\/h3>\n\n\n\n<p>Brazil\u2019s <strong>National Data Protection Authority (ANPD)<\/strong> upheld its ban on <strong>Worldcoin<\/strong>, citing concerns over <strong>biometric data collection and user consent<\/strong>.<\/p>\n\n\n\n<p>This raises <strong>broader questions about data privacy in blockchain projects<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Trump Taps Brian Quintenz as CFTC Chair<\/strong><\/h3>\n\n\n\n<p>President <strong>Donald Trump<\/strong> nominated <strong>Brian Quintenz, a16z crypto\u2019s global policy lead<\/strong>, as <strong>Commodity Futures Trading Commission (CFTC) chair<\/strong>.<\/p>\n\n\n\n<p>Quintenz\u2019s appointment signals <strong>a more pro-crypto stance in U.S. financial regulations<\/strong>.<\/p>\n\n\n\n<p>This week saw major developments in <strong>crypto regulation, venture capital, meme coins, and NFT markets<\/strong>. With <strong>Bitcoin accumulation growing, regulatory clarity evolving, and institutional investment surging<\/strong>, the crypto industry is entering a <strong>crucial phase of mainstream adoption and innovation<\/strong>.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week in crypto, Michael Saylor\u2019s latest remarks on Bitcoin sparked controversy, HashKey secured a $30 million funding round, and Pump.fun expanded its meme coin services with a mobile app launch. Meanwhile, Argentina\u2019s President Javier Milei faced backlash over the LIBRA token collapse, and the NFT market saw a sharp decline. Here\u2019s everything you need&#8230;<\/p>\n","protected":false},"author":3,"featured_media":5464,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73,63],"tags":[69,79,135],"class_list":["post-5463","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","category-crypto-news","tag-bitcoin","tag-pumpfun","tag-saylor"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Michael Saylor on Bitcoin\u2019s Strength | HashKey\u2019s $30M Boost | Pump.fun\u2019s New App - Crypto News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonewsdesk.com\/index.php\/2025\/02\/16\/michael-saylor-on-bitcoins-strength-hashkeys-30m-boost-pump-funs-new-app\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Michael Saylor on Bitcoin\u2019s Strength | HashKey\u2019s $30M Boost | Pump.fun\u2019s New App - Crypto News\" \/>\n<meta property=\"og:description\" content=\"This week in crypto, Michael Saylor\u2019s latest remarks on Bitcoin sparked controversy, HashKey secured a $30 million funding round, and Pump.fun expanded its meme coin services with a mobile app launch. 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Crypto News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptonewsdesk.com\/index.php\/2025\/02\/16\/michael-saylor-on-bitcoins-strength-hashkeys-30m-boost-pump-funs-new-app\/","og_locale":"en_US","og_type":"article","og_title":"Michael Saylor on Bitcoin\u2019s Strength | HashKey\u2019s $30M Boost | Pump.fun\u2019s New App - Crypto News","og_description":"This week in crypto, Michael Saylor\u2019s latest remarks on Bitcoin sparked controversy, HashKey secured a $30 million funding round, and Pump.fun expanded its meme coin services with a mobile app launch. Meanwhile, Argentina\u2019s President Javier Milei faced backlash over the LIBRA token collapse, and the NFT market saw a sharp decline. 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