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Worldcoin price sets all-time high on back of Sora AI launch, up 100% in a week (2 minute read)
The price of Worldcoin has surged to a new all-time high following the debut of OpenAI's Sora AI model. Worldcoin has experienced a robust rally over the past week, doubling in value to reach $5.36, with its market capitalization hovering around $700 million. Worldcoin, supported by Tools of Humanity, co-founded and chaired by Sam Altman, who also serves as the CEO of OpenAI, introduced Sora, an AI model enabling users to convert text into video, on February 16.

Sora has not only propelled Worldcoin but has also positively impacted other AI tokens, as evidenced by CoinGecko's report showing a 25% overall increase in AI tokens' performance over the last week, with several tokens experiencing triple-digit growth.

Bitcoin Steady Over $52K: Traders Target $55K in Short-Term (2 minute read)
Bitcoin prices remained relatively stable over the weekend, hovering around the $52,000 mark, with trading volumes notably lower compared to weekdays. This trend reflects the ongoing pattern of reduced volatility during weekends, observed since the introduction of spot bitcoin ETFs in the U.S. in January, which appears to have altered the market dynamics for bitcoin trading.

Meanwhile, other prominent cryptocurrencies, including ETH and Polygon’s MATIC, saw notable gains, with both rising over 5% since Friday. ETHs surge can be attributed to heightened anticipation surrounding the potential introduction of an ether ETF, which could offer U.S. investors access to the asset.

Bitcoin ETFs now $2B up on inflows to date (4 minute read)
Since their launch last month, spot bitcoin ETFs have garnered significant investor interest, with a total of $11.4 billion in capital inflows recorded over the past five weeks. These funds primarily operate through cryptocurrency exchanges, notably Coinbase and Coinbase Pro, while also engaging prop trading firms like the Dutch-based Flow Traders.

As of Friday morning, spot ETFs collectively held 258,770 BTC, amounting to $13.48 billion based on the current price of $52,100 per coin, representing a $2.08 billion surplus over the total inflows received by these funds to date.

Tech

Revolut plots ‘standalone cryptocurrency exchange’ (2 minute read)
Revolut is rolling out invitations to a select group of customers for access to a forthcoming cryptocurrency exchange. The fintech firm has confirmed the development of a "standalone cryptocurrency exchange," as reported by CoinDesk, with a focus on catering to "advanced traders." While further details are yet to be disclosed, the company emphasized its commitment to developing products based on customer demand and market trends. The target demographic for this exchange, particularly in terms of what defines an "advanced trader," remains unspecified at this time. Additionally, a customer email hinted at features such as enhanced analytical tools and reduced fees compared to the existing app.

Vitalik Buterin says AI could help solve Ethereum’s ‘biggest technical risk’ (3 minute read)
Vitalik Buterin, the co-founder of Ethereum, has highlighted the potential of artificial intelligence (AI) in addressing one of the network's significant technical challenges: identifying and resolving hidden bugs within its code.

Buterin expressed his enthusiasm for AI-powered auditing in a post on Feb. 18, emphasizing its importance in mitigating risks to the Ethereum network. These remarks coincide with Ethereum's imminent rollout of the Dencun upgrade, scheduled for March 13. Despite encountering a bug during testing on the Goerli testnet, Ethereum's network upgrades remain pivotal to its long-term development trajectory.

Misc

NFT Insider Trading? Moonbirds Sales Spiked Before Yuga Deal Was Official (4 minute read)
Following the announcement of Yuga Labs' acquisition of the intellectual property (IP) for the Ethereum NFT collection Moonbirds, alongside creator Proof, prices and trading volume for the collection experienced a significant surge on Friday afternoon. However, notable spikes in activity in the days leading up to the announcement have sparked speculation of potential insider trading.

According to data from CryptoSlam, daily sales volume for Moonbirds NFTs had been relatively modest throughout February, with a notable exception on February 4, when sales reached about $141,000. Yet, on February 14, daily sales volume surged to approximately $460,000, marking a fivefold increase from the previous day, with a substantial rise in transaction volume as well. This trend continued on February 15, with sales volume remaining elevated at around $333,000. Following the announcement, sales saw a dramatic increase, currently totaling about $3.1 million and continuing to rise.

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