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🆕 Global Crypto Top News for Tuesday, February 10th Bitcoin is taking a breather in the low $70K range. The Fear and Greed Index has recovered slightly from 7 to 14, but the market remains frozen. MicroStrategy demonstrated a "manly" buying strategy, even if it means losing money, while Backpack unveiled a groundbreaking tokenomics strategy. Here's a roundup of the key news for Tuesday morning! 1️⃣. Market Update (Mad Men's MSTR & Backpack's Gamble) 🟢MicroStrategy: Added 1,142 BTC at an average of $78.8K 🟢Backpack: Raising $1 billion (approximately 1.3 trillion KRW) in value investment & 25% of TGE allocated (excluding direct allocation to team/VC) 🟢Regulations: Financial Supervisory Service strengthens surveillance of AI-based price manipulation & Bithumb announces regulations on overpayments 2️⃣. Projects & Updates 🟢MegaETH: Public Mainnet Launch & TGE Achievement Conditions (KPIs) Announced 🟢Ondo Finance: PerpDEX Waitlist Open for US Stocks and Commodities Trading 🟢Jump Trading: Acquired Stake in Polymarket & Kalsi 3️⃣. Check out key market indicators 🟢Fear and Greed Index: 14 🟢Exchange rate hits 1,456 won, GIMP hits 1.2% 🟢BTC $69.8K / ETH $2.11K 💬 COMMENT ✔️ MegaETH TGE Countdown The promising MegaETH has finally launched its mainnet and begun the TGE countdown. It'll be listed 7 days after reaching its KPI, so if you've participated in the airdrop, be sure to check your wallets! ✔️ Backpack's Provocation The low float, high FDV meta has been receiving criticism lately, but Backpack has come out ahead with an unconventional condition: "25% of the TGE allocation + team/VC exclusion." This appears to be a bold move to become the leader of the Solana ecosystem. I've been farming Backpack diligently for over a year, so I hope it yields good results!!

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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