Daily News | ETH/BTC Exchange Rate May Have Bottomed Out, LIBRA Token With The Same Name Rose 3,000% After Being Mistakenly Bought

Crypto Daily Digest: Barstool Sports founder mistakenly bought LIBRA Meme coin, ETH/BTC exchange rate may have bottomed out

The U.S. stock market was closed yesterday, and there was no change in the flow of funds for crypto-related ETFs.

Viewpoint: ETH/BTC exchange rate may have bottomed out, which is likely to drive a trend reversal

On February 18, according to CoinDesk, LMAX Group market strategist Kruger said in a market report on Monday that there are signs that Ethereum may finally bottom out after a long-term downward trend compared to Bitcoin. It is very important to pay close attention to the current monthly high of the ETH/BTC exchange rate. If it breaks through and exceeds the current monthly high, it will help promote the prospect of a trend reversal.

Trump’s crypto project WLFI bought 200 million WLFI tokens

On February 18, according to Onchain Lens monitoring, 6 hours ago, the newly created multi-signature wallet of Trump’s crypto project World Liberty Finance (WLFI) withdrew 10 million USDC from the exchange, and then spent 10 million USDC to purchase 200 million WLFI tokens.

Barstool Sports founder mistakenly bought $170,000 of LIBRA Meme coin, causing it to surge 3,000%

Barstool Sports founder Dave Portnoy appears to have mistakenly invested nearly $170,000 in a random LIBRA token — not the controversial token associated with Argentine President Millei. Portnoy purchased nearly $170,000 in illiquid LIBRA tokens, causing their price to surge by more than 3,000%. The LIBRA token he purchased was in a different contract address than the tokens associated with Millei in recent days.

Market Trends: Bitcoin fluctuated weakly, LIBRA token rose to $0.73 and then fell 50%

Market Hotspots

According to Coinglass data, the total amount of liquidation in the past 24 hours was $238 million, including $150 million in long orders and $88.75 million in short orders. Ethereum ranked first in terms of liquidation, reaching $67.58 million, followed by Bitcoin and Solana, which were $29.63 million and $22.84 million respectively;

Argentine President Millei retweeted a tutorial on how to buy LIBRA tokens, and LIBRA briefly rose to $0.73. As of press time, LIBRA has fallen back to $0.36, down more than 50% from its high. (The original tweet on the tutorial on how to buy LIBRA tokens was posted on the account of Argentine economic and political commentator Dario Epstein X)

Mainstream Coins

Bitcoin maintains a weak range of fluctuations, with a low-volatility trend. The upper pressure level is $98,500 and the lower support level is $95,000. The current price is $96,266;

Ethereum also maintained a volatile market, with an upper pressure level of $2,760 and a lower support level of $2,580. It once surged to $2,840 yesterday, but quickly fell back and is currently quoted at $2,632;

Altcoins generally fell. As of press time, XRP fell 3.5% in 24 hours, SOL fell 6% in 24 hours, and BNB fell 1% in 24 hours. In terms of sectors, AI and Meme led the decline, while Layer2 was relatively resistant to the decline, with a 24-hour increase of 0.2%.

Macro News: Fed members tend to suspend rate cuts, GPT-4.5 to “snipe” Grok3

Waller said the latest CPI data was slightly disappointing and he was inclined to keep the policy rate stable until the situation became clear. However, Waller did not rule out the possibility of a rate cut this year. He said he would pay close attention to data in the coming months and if inflation repeated last year’s “high opening and low closing” pattern, it would be appropriate to cut interest rates at some point this year.

Musk announced last Sunday that he would release Grok3, the smartest AI on Earth, live on Tuesday Beijing time. At 1 a.m. Beijing time today, Sam Altman, CEO and co-founder of OpenAI, said that the experience of trying GPT-4.5 to feel AGI was much more profound than I expected! GPT-4.5 has entered the testing phase and is very close to its official release.

Before the release of Grok3, Altman suddenly announced GPT-4.5, and “GPT-4.5 Vs Grok3” became a hot topic on social platforms.