Crypto Is Helping the US Dollar? 🤨

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After rallying from $42k to $51k this month, Bitcoin is now finding it difficult to stay above $52k. The key resistance level has rejected price advances over the past few days. But with solid support at around $47k, there may be room to take another run upwards. We're here today to catch you up on the latest crypto news. In this edition, we have stories on: • How crypto is helping dollar’s dominance globally 💵 • Coinbase stock surging on impressive earnings 📈 • Chainlink teaming with a Spanish telecom to block SIM swap fraud 📱 • Bitcoin hitting new all-time highs for Japanese traders as the yen weakens 🇯🇵 • Klaytn and Finschia chains merging into "Project Dragon" 🔥 Now let's dive deeper into each headline!   Crypto Is Helping Dollar A top US central banker sees crypto reinforcing, not threatening, dollar supremacy abroad. Federal Reserve governor Christopher Waller noted almost all stablecoin activity relies on dollar pegging. Basically crypto projects still trade in US dollars. So expanding decentralized finance powered by dollar-backed tokens spreads dollar dependence globally according to Waller. This counters fears that crypto may displace or weaken the dollar's central role over time. But so far signs point the other way per officials. So are we going to see some leniency in the US when it comes to crypto? [Read the full story](~/AAQRxQA~/RgRnscxvP0SFaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvZmVkZXJhbC1yZXNlcnZlLWdvdmVybm9yLXNlZXMtdXNkLXBlZ2dlZC1zdGFibGVjb2lucy1ib29zdGluZy11cy1kb21pbmFuY2U_bGlkPXFvbm1kbXJqaGRzbFcDc3BjQgplzm9Hz2VqZ7C-Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   Coinbase Stock Is Up! Coinbase stock price surged nearly 13% after its latest earnings wowed market watchers. The report showed a 45% revenue rocket to $905 million last quarter - easily beating analyst guesses. The company also swung to a $273 million profit after losses in the previous period. Nearly doubling crypto trading volume from customers-powered top-line gains. Institutional revenue doubled as well. But why is Coinbase stock price going up constantly? [Read the full story](~/AAQRxQA~/RgRnscxvP0RzaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvY29pbmJhc2Utc3RvY2stcmFsbGllcy0xNDJwZXJjZW50LWFmdGVyLWJlYXRpbmctZWFybmluZ3M_bGlkPXZqazNubzVycmVqa1cDc3BjQgplzm9Hz2VqZ7C-Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   What is Pixels? The Social Web3 Game Built on Ronin [What is Pixels? The Social Web3 Game Built on Ronin](~/AAQRxQA~/RgRnscxvP0RtaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvd2hhdC1pcy1waXhlbHMtdGhlLXNvY2lhbC13ZWIzLWdhbWUtYnVpbHQtb24tcm9uaW4_bGlkPW90YzV2ejE0dDdkelcDc3BjQgplzm9Hz2VqZ7C-Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) A deep dive into Pixels — a social casual open-world Web3 game and platform built on the Ronin blockchain. [READ MORE](~/AAQRxQA~/RgRnscxvP0RtaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvd2hhdC1pcy1waXhlbHMtdGhlLXNvY2lhbC13ZWIzLWdhbWUtYnVpbHQtb24tcm9uaW4_bGlkPXExc3B0bzZuNG5jOVcDc3BjQgplzm9Hz2VqZ7C-Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)   Spanish Phone Giant Is Blocking Scam Spain's largest wireless provider is getting crafty battling a crypto hacking tactic - the "SIM swap" phone number heist. Telefónica inked a deal this week with blockchain data provider Chainlink, using live SIM card signals to protect transactions. It works like this - hackers often steal phone numbers to access crypto wallets or bank accounts. By linking Chainlink's blockchain oracles with global cell networks, smart contracts can crosscheck if SIM data looks fishy in real-time. If a contract detects swapped SIM details before executing payments, it halts immediately to prevent fraud. So technically, we are seeing Chainlink offering a real-world use case? [Read the full story](~/AAQRxQA~/RgRnscxvP0SOaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvc3BhaW5zLWxhcmdlc3QtdGVsZWNvbS1wcm92aWRlci1wYXJ0bmVycy13aXRoLWNoYWlubGluay10by1wcmV2ZW50LXNpbS1zd2FwLWF0dGFja3M_bGlkPXlicTVwMHE5aXJzeVcDc3BjQgplzm9Hz2VqZ7C-Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   Yen Struggles as BTC Goes Up Bitcoin recently touched an all-time high price for Japanese traders even as dollar values still lag historic tops. One Bitcoin crossed 7.9 million yen on February 5th - soaring versus the weakening fiat currency. The reason? Japan's central bank maintains stimulus policies that devalued the yen against rivals in 2022. This fuels demand locally for inflation-resistant assets like crypto. As the economy enters recession and inflation hits 41-year highs, Japanese savers now view Bitcoin as an alternative to protect wealth as traditional currencies erode. This may be one of the biggest contributing factors to Bitcoin’s recent price surge. [Read the full story](~/AAQRxQA~/RgRnscxvP0SFaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYml0Y29pbi1yZWFjaGVzLW5ldy1oaWdocy1hZ2FpbnN0LXllbi1hcy1lY29ub21pYy13ZWFrbmVzcy1jYXVzZXMtd2Vhay15ZW4_bGlkPXo1ZWttZXpvNzVic1cDc3BjQgplzm9Hz2VqZ7C-Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   [[ratio] Â](~/AAQRxQA~/RgRnscxvP0QraHR0cHM6Ly93d3cueW91dHViZS5jb20vd2F0Y2g_dj04cmRkS3ZIamtKMFcDc3BjQgplzm9Hz2VqZ7C-Uht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) Jupiter! A Deep Dive into JUP! [WATCH NOW](~/AAQRxQA~/RgRnscxvP0Q8aHR0cHM6Ly93d3cueW91dHViZS5jb20vd2F0Y2g_dj04cmRkS3ZIamtKMCZsaWQ9d2QxNW9odnp1cXFkVwNzcGNCCmXOb0fPZWpnsL5SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)   Klaytn 🤝 Finschia Two leading Asian blockchain projects have combined forces after securing overwhelming community support. South Korea's Klaytn and Abu Dhabi's Finschia chains will integrate technology and governance to form a unified network called "Project Dragon." By merging strengths, the venture aims to accelerate development and adoption for Web3 users and creators across the region. [Read the full story!](~/AAQRxQA~/RgRnscxvP0R7aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUva2xheXRuLW1lcmdlcy13aXRoLWZpbnNjaGlhLWxhdW5jaGVzLW5ldy1mb3VuZGF0aW9uLWluLWFidS1kaGFiaT9saWQ9NTE2ZDJhZXprMHh3VwNzcGNCCmXOb0fPZWpnsL5SG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)   And that's the news for this Friday. 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