The Ascendant - 27th Feb

🚀 This Week’s Must-Know Crypto Updates!

From global crypto expansion to hacks, ETF dominance, and blockchain gaming trends, here’s what’s shaping the market this week 👇

🇲🇾 Malaysian Prime Minister Discusses Crypto Frameworks in UAE
Malaysia is making moves in the crypto space as its PM engages with UAE leaders on regulatory frameworks—could this signal a pro-crypto stance?
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🛡️ Bybit Stolen Funds Likely Headed to Crypto Mixers
Elliptic warns that the Bybit hack funds are being laundered through crypto mixers, while Bybit has put up a bounty to recover stolen assets.
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🏦 Czech Central Bank Eyes Bitcoin Reserves
The Czech Republic is exploring Bitcoin as part of its central bank reserves, a move that could shake up institutional adoption in Europe.
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💰 BlackRock Bitcoin ETF Now Holds Over 50% Market Share
Despite a three-day sell-off, BlackRock’s Bitcoin ETF dominates the market, signaling strong institutional interest in BTC.
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🎮 Blockchain Gaming: A Game of Musical Chairs?
Gunzilla’s exec says blockchain gaming is seeing capital rotating between trends, with projects failing to retain users—is this a bubble?
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📊 Crypto Market Insights

Bybit hack aftermath: Market sentiment is at an all-time low, but overall resilience remains strong.
Crime wave continues: Kanye West allegedly sold his Twitter account to known rug-pullers for another celebrity memecoin launch.
Patience is being tested: The market is filtering out weak hands while long-term holders accumulate.
Solana memecoin rug-pulls continue—most last less than 72 hours before vanishing.
Ethereum is catching up: ETH is shifting from playing second fiddle to building a stronger competitive position against Solana.
Despite the chaos, the market remains strong.