The Crypto industry had a memorable month in February, with major policy changes in reaching and growing Bitcoin adopting worldwide.
A new report this month shows that the Bitcoin network is decentralized Apace. Public companies now cost 35% of the global hashrate, and China’s dominance in the hashrate dropped to 14%.
In the US, the crypto industry has seen significant development in the legal facade as the Securities and Exchange Commission (SEC) collapsed or stopped five major legal trials against crypto-related creatures.
Not all is a bed of roses. This month the largest exchange hack saw all the time, with North Korea hacker group Lazarus suspected of stealing $ 1.4 billion in Ether. Memecoins also cool down, with issues reaching their lowest levels since the New Year’s New Year to ~ 40,000 per day.
Here is February of the numbers.
SEC has dropped 6 cases against major crypto companies
SEC stopped or stopped six legal proceedings against various exchanges and protocols this month, including battles Coinbase, Underp and Robinhood crypto.
The actions indicate a new approach taken by the commission after the creation of the Crypto Task Force, chaired by crypto-friendly commissioner Hester Peirce. The group has already identified with industry stakeholders To discuss the fixing rules about staking, exchange-exchanged products (ETP) and a framework for digital properties.
The SEC and its potential new seat, Paul Atkins, have Due to Ripple Chief Legal Officer Stuart Alderoty Hope that the high-profile case against the firm can be removed.
Bitcoin Decentralizes: 70% of Bitcoin owned by individuals
At the beginning of this month, the firm River firm released An annual report on the state of Bitcoin adoption. It is known that it not only grows, but the network has become more decentralized.
Part of the US and China of the global hashrate refused. The two countries still led the world in the hashrate, but a country review from the hash rate index – mentioned by River – Shut up That hashrate is spreading.
Part of the two countries of Bitcoin Mining Power have been reduced in relation to other countries, with 28 countries with more than 0.1% of global hashrates and only nine countries with more than 1%.
Also note: mining pools are more distributed. The top 10 mining pools are still forming in the lion’s side of the hashrate, but their general hashrate fell in 2024.
Governments, Financial institutions And even Software companies became more interested in bitcoin; Habitual Big Bitcoin Buyer Like Michel Saylor’s approach and El Salvador continued their purchases.
However, most of Bitcoin – almost 70% – is owned by individuals.
US lawmakers are eager for bitcoin reserves, but five states have refused
It has not been 40 days since President Donald Trump swore to the office and began – in conjunction with his allies in Congress – to regulate the crypto industry. In fact, 15 new crypto -friendly lawmakers entered Congress after the federal election in 2024.
Trump has established an “internal working group to make America the world’s capital in crypto” through an executive order on January 23. The group is the duty of exploring, among other things, the feasibility of a national crypto reserve.
Related: Timeline: Trump’s first 30 days bring in amazement -With change for crypto
Lawmakers in individual states are introducing bills to their legislatures to introduce or explore bitcoin and crypto reserves. However, of the 25 states that introduced the bills, five rejected them, with four of the declines this month.
However, others continue. Only in February, 11 states saw new laws pertaining to bitcoin reserves or cryptocurrency investment by state governments.
Lazarus bag of $ 1.4 billion in the largest crypto heist of all times
On February 21, North Korean hacker group Lazarus stole $ 1.4 billion in Ether (ETH) from the Crypto Exchange Bybit, setting a record for Crypto’s largest hack ever. The amount stolen is greater than all of the crypto hacks of 2024 combined ($ 1.27 billion), according to Defillama.
Blockchain analyst Zachxbt confirmed that Lazarus was responsible by tracking the purses used bybit hack to those Related to the exploitation of PEMEX in January.
Memecoin Mania begins to die until December 2024 level
The memecoin craze that has enhanced crypto space with thousands of new tokens day -day is starting to calm down -at least for now.
The lead-up in Jan. 20 Inauguration by Trump has seen the proliferation of thousands of memecoins theme political names named at different levels of good taste.
Trump himself and eventually his wife, First Lady Melania Trump, released their own memecoins, who sparked an international interest in the phenomenon, along with some serious ethical concerns.
Those concerns were revealed in February when President Javier Milei of Argentina became already -members in a memecoin scandal.
The new data shows the day -to -day release of Memecoins to Solana up to a moderate 40,000, the lowest since December 25, 2024.
The Memecoin Frenzy, who saw a businessman End His own life at a lifestream in Feb. Vitalik Blerin and Coinbase CEO Brian Armstrong have stated their failure in space, with the latter saying It’s “gone too far.”
The SEC has even created a special division, the cyber and emerging technology unit, to handle the space.
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