Bitfinity Weekly: Oisy Wallet Integration Announcement!

Welcome to Issue #146 of Bitfinity Weekly for our #BITFINIANS community. If this newsletter was forwarded to you, sign up here.

What's in Today's Email?

• Bitcoin Bytes
• Global Crypto News
• In the IC
• This Week in our Blog
• Tweet of the Week
• Meme Time
• A Matter of Opinion

Bitcoin Bytes

No More Extensions: The Bitfinity Wallet will be deprecated for Oisy Wallet, providing users with a next-gen, multi-chain self-custodying experience. Unlike the Bitfinity Wallet or traditional browser extention hot wallets, Oisy UI simply uses your internet browser. Seamless Bitcoin integration on Bitfinity, of course!

Orange to Green: Bitcoin mining giant MARA has acquired a wind farm in Hansford County, Texas, boasting 114 megawatts of operational wind generation to fuel its mining operations with renewable energy. This move further bolsters MARA's standing as an ecologically friendly Bitcoin operation by allowing the company to profitably repurpose outdated mining hardware. The company's newly implemented Advanced ASIC Retirement Initiative cuts costs and extends equipment life, cementing its status as a heavyweight in the crypto mining space.

Cross-Chain Craze: Xverse wallet has unveiled an integration with Bitcoin L2 protocol Stacks to allow seamless, no KYC (Know Your Customer) cross-chain swap functionality. Users can now conduct token swaps from Solana, Ethereum, Base, Arbitrum, and Optimism for $STX on the Stacks layer-2 platform. In-app swapping capabilities will be coming soon.

Viking Funeral: Bitcoin DeFi protocols OdinSwap (DEX) and Valhalla (AMM launchpad) are closing down for good on February 28th. Founder and co-founder of Ordzaar Ordinals launchpad Naqib_Noor wrote that although he tried to build in the ethos of Bitcoin, the current market was not the right fit. Users with funds on either platforms are encouraged to withdraw before Feb. 28th, though manual refunds will still be processed after the date.

Global Crypto News

Milei's Misplay: Argentine President Javier Milei sparked a crypto frenzy by publishing, then deleting, a tweet about $LIBRA token, which saw its market cap skyrocket to $4.5 billion on launch day. Chaos ensued as insiders cashed out over $107 million, triggering a 94% crash within hours, wiping out most of its value and leaving investors furious. Milei quickly distanced himself from the debacle, claiming he was unaware of the details of the coin's project, but the fallout led to impeachment calls and legal probes, with critics accusing him of a rug pull.

Apple Alert: Microsoft’s Threat Intelligence team uncovered a new variant of the XCSSET malware targeting Apple macOS devices, capable of stealing crypto wallet data, recording screens, and even manipulating Bitcoin addresses in browsers. First detected in 2020, this evolved strain now uses enhanced persistence to launch with macOS’s Launchpad, posing risks like ransomware and data theft for crypto users.

EVM-volution: Hyperliquid has rolled out HyperEVM, enabling developers to run Ethereum-compatible smart contracts with boosted performance on the Hyperliquid L1. This upgrade enhances the platform’s programmability and allows seamless integration of dApps and smart contracts from Ethereum’s ecosystem. The move positions Hyperliquid well as a DeFi nexus, combining its popular HyperLiquid trading platform with its own high-performance infrastructure.

In the IC

Bounty Hunters: The DFINITY Foundation will be at ETHDenver 2025, and with a juicy bounty reveal set for February 21, this may be the perfect time to brush off the keyboard. There will be $50,000 up for grabs during the event’s #BUIDLathon, incentivizing devs to build on The Internet Computer. More activities are expected to be unveiled following the bounty reveal.

Elliptical Machine: Elliptic, a leader in crypto compliance, has teamed up with the DFINITY Foundation to raise the bar for security and compliance across the ICP ecosystem. This partnership leverages Elliptic’s tools and DFINITY’s decentralized tech to help institutions and enterprises build while meeting strict compliance standards. The collaboration aims to fortify the ICP ecosystem against emerging challenges, ensuring it remains a trusted environment.

AI x ICP: DFINITY has unveiled the LLM Canister for the Internet Computer Protocol, letting developers deploy AI agents and large language models (LLMs) with just a few lines of code. This innovation simplifies building on-chain AI solutions, enabling dApps to integrate intelligent, autonomous agents for tasks like chatbots or data analysis, all while leveraging ICP’s scalability and security. The canister builds on ICP’s history of hosting LLMs, positioning it as a go-to platform for AI-blockchain hybrids in the DeFi and Web3 space.

This Week in our Blog

Explore how Bitcoin's Metaverse is transforming digital ownership with Satoshis acting as your virtual landlord. Dive into the innovative intersection of blockchain, virtual real estate, and the future of decentralized spaces!

Bitcoin’s Metaverse: Where Satoshis Become Your Digital Landlord

Discover the emerging world of the metaverse on Bitcoin, exploring its relationship with metaprotocols and L2 solutions like Bitfinity. Learn how Bitcoin’s blockchain is being used to create decentralized virtual spaces and the future outlook for this exciting new frontier.

Bitfinity BlogFred

Tweet of the Week

Meme Time

A Matter of Opinion

Recently Argentine President Javier Milei tweeted about $LIBRA, a Solana-based memecoin that initially appeared to be linked to his libertarian image, sparking a surge that pushed its market cap to $4.5 billion in hours. The bubble burst almost instantly, dropping 94% as insiders, including Hayden Davis (CEO of the company behind $LIBRA and a Milei advisor) cashed out over $107 million, leaving investors with massive losses.

Reports later revealed shadowy figures like Davis, who admitted to profiting heavily from the token in a Coffeezilla interview, and developers who vanished after the coin's launch on Meteora exchange (the same platform, now under public scrutiny, that was also behind the similarly volatile $Trump coin). An Argentinian federal judge was assigned just a few days after the coin's launch to probe Milei’s role in it, with opposition lawmakers threatening impeachment over an estimated $4 billion in retail losses, though Milei claims ignorance of the project’s details.

This messy fallout exposed the seldom-seen murky underbelly of memecoins, where hype often overshadows common sense. Propelled largely by Milei’s reputation as a hero for deregulation, $LIBRA’s rapid rise and fall highlighted a buffet of issues found in the so-dubbed memecoin 'trenches': how profit-driven actors can exploit good faith endorsements and questions regarding transparency.

Milei’s team insists he was misled, but the damage to trust in celebrity (and Presidential)-backed crypto ventures persists, amplifying risks for retail participants caught in the frenzy.

In the following days, CT (Crypto Twitter) buzzed with mixed reactions; some blasted Milei as complicit, others saw him as a target of political attacks, and memecoin 'trenchers' traded jokes about “getting rugged” by a president. All in all, skepticism about where the crypto industry is headed to lingered.

As traders, we’ve embraced less oversight to foster innovation, but that freedom requires us to sharpen our judgment, verify projects, and navigate risks carefully in this dynamic space.

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