1. Bitcoin’s price is getting closer to Mars thanks to Elon Musk while ether moons to a new record. Investors are pulling BTC out of DeFi, likely to diversify their profits. Bitcoin (BTC) trading around $44,023 as of 21:00 UTC (4 p.m. ET). Climbing 14.5% over the previous 24 hours, which trading range was between $38,051-$44,801.
2. According to the ChainNews, on-chain transaction aggregator 1inch (1INCH) will launch an additional liquidity mining program at 8:01 on February 9th, Beijing time. It will launch an ETH/TORN pool and will spend 0.02 of the total supply of 1INCH within four weeks. % (About 300,000 pieces) are allocated to the liquidity provider of ETH-TORN. TORN is the governance token launched by the Ethereum privacy trading platform Tornado.Cash.
3. According to BlockBeats news, on February 9th, Reddit, a well-known overseas forum, announced that it had raised US$250 million in the E round of financing. It was revealed that both new and existing investors participated in this round of investment. According to a blog post, the company plans to use this round of financing to double the number of workers and expand its “video, advertising, consumer products” and international businesses. According to the Wall Street Journal, this means that Reddit plans to have 1,400 employees by the end of 2021 and is currently valued at US$6 billion. In the announcement on Monday, it pointed out that it has more than 50 million daily users and stated that its direct advertising revenue increased by 90% in the last quarter compared with the last quarter of 2019.
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