[Weekly Comparative Review] Since the adoption of the spot Bitcoin ETF, Grayscale has transferred BTC worth 5.5 billion US dollars to Coinbase; BlackRock's spot Bitcoin ETF's daily trading volume surpassed GBTC for the first time; the Federal Reserve kept interest rates unchanged, Powell said it was “unlikely” to cut interest rates at the March meeting; Google allowed the promotion of advertisements related to Bitcoin and cryptocurrency trust products

[Since the adoption of the Spot Bitcoin ETF, Grayscale has transferred $5.5 billion worth of BTC to Coinbase]

Comparing news, Lookonchain monitoring data shows that 2 hours ago, Grayscale (Grayscale) once again deposited 1,769 BTC ($75.47 million) into Coinbase Prime. Since the adoption of the spot Bitcoin ETF, Grayscale has transferred 133,339 BTC worth $5.5 billion.

[FTX plans to sell its $175 million Genesis debt to repay creditors]

Comparatively, according to official sources, the bankrupt cryptocurrency exchange FTX intends to sell its $175 million Genesis general unsecured claim. FTX proposes to trade all or part of the claim with single or multiple buyers through public auctions or private transactions, and the funds raised will be used to facilitate debt repayment and adjust its financial obligations to creditors.

[By the close of the US stock market, BlackRock's spot Bitcoin ETF daily trading volume surpassed GBTC for the first time]

Comparative news, according to Bloomberg Intelligence data, by the time the US stock market closed on February 1, BlackRock's spot Bitcoin ETF (IBIT) had a daily trading volume surpassing GBTC for the first time. IBIT was slightly above 300 million US dollars, and GBTC was about 290 million US dollars.

Bloomberg analyst James Seyffart said, “There are still a few after-hours trades, but it looks like IBIT is the first ETF to surpass grayscale GBTC in a single day. Although today's total trading volume is $924 million, it's still a bit bad. This is the first time since its inception that this type of product has traded less than $1 billion in a single day.”

[Bankrupt crypto lender Genesis and SEC agree on unregistered securities issuance]

Comparing news, according to Bloomberg, the bankrupt crypto lender Genesis Global Holdco LLC has reached an agreement with the US Securities and Exchange Commission (SEC) to settle a civil lawsuit accusing Genesis of violating securities rules through the now-terminated Gemini Earn program.

Genesis agreed to pay $21 million in civil fines to the SEC to settle the lawsuit. But according to filing with the New York Bankruptcy Court on Wednesday, the company will only be required to pay fines if it is able to fully repay its customers and other creditors as required by Chapter 11 of the Bankruptcy Code.

[Ripple co-created 213 million XRP, and the stolen funds have been laundered through multiple channels]

Comparing news, on-chain detective ZachXBT posted on social media that it detected that Ripple-related accounts had stolen 213 million XRP (about $112 million) by hackers.

The co-founder of Ripple later wrote that his personal account was stolen and not Ripple's official.

The stolen funds have been laundered through MEXC, Gate, Binance, Kraken, OKX, HTX, HitBTC, etc.

[Glassnode Report: Most long-term holders “stay firm” and are unwilling to sell BTC at current prices]

Comparing news, Glassnode released a market report saying that most long-term Bitcoin investors “remain firm” and are still unwilling to sell Bitcoin at the current price, and the vast majority of holders “seem to be calmly navigating the market wave.”

Glassnode's last active Bitcoin supply indicator (which measures the proportion of Bitcoin's circulating supply held over a multi-year time period) shows that the vast majority of the BTC supply is still held. The report said, “Either they are waiting for the spot price to rise, or it may be that increased volatility is the driving force for spending.”

[Google allows advertising related to Bitcoin and cryptocurrency trust products]

According to Twitter, Google has updated advertising rules to allow promotion of Bitcoin and crypto trust products. With the new policy update, BlackRock (BlackRock) and VanEck are now promoting their spot Bitcoin ETF products on Google search pages.

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