📢 Parr News Quick Report -2.24 1. Bybit restores approximately 70% of ETH reserves After being attacked on the 21st, Bybit's ETH reserves plummeted to 61000. As of press time, according to CryptoQuant data, Bybit holds approximately 308100 ETH, a recovery of about 70% from 439000 on February 20th. Par's note: This is one reason why ETH remained strong over the weekend, but it is still only due to short-term supply exceeding demand, and long-term expectations remain weak. 2. Cryptocurrency companies sponsor sports teams to increase The cooperation between cryptocurrency companies and sports teams is increasing, from sponsoring Formula One racing teams to football, mixed martial arts, and even snooker. Coinbase, http://(Gate. io), and http://// Cryptocurrency exchanges such as XBO. com, stablecoin issuer Tether, and cryptocurrency gambling website http:// Both Sportsbet.io and Cloudbet have recently signed important partnerships with sports organizations. Par's note: Sports is a huge traffic pool, and sponsorship by crypto companies is essentially about gaining traffic, but it drives the spread of crypto. In the long run, traffic growth can bring more funds and vitality. 3. Michael Saylor may increase his holdings of Bitcoin MicroStrategy founder Michael Saylor once again released information about Bitcoin Tracker, stating, "I don't think this reflects what I did last week." According to previous patterns, MicroStrategy always discloses information about increasing its holdings of Bitcoin the day after the release of relevant news. Parr's note: Personally, I think Michael's message has lost its influence on the short-term market. As long as he doesn't sell, everyone has accepted him buying. 4. Hong Kong Asia Holdings increases its holdings of Bitcoin According to an announcement from the Hong Kong Stock Exchange, Hong Kong Asia Holdings announced that its board of directors has approved the company to further increase its investment in Bitcoin. On the 20th of this month, the company conducted a series of transactions on a cryptocurrency trading platform in the public market to purchase approximately 7.88 units of Bitcoin, with a total consideration of approximately HKD 5.9369 million, to be disbursed from internal resources of the group. At present, the group holds approximately 8.88 units of Bitcoin, with an average cost of HKD 756200. Parr's note: Long term positive news, more companies are accepting BTC investments. 5. This week, 5 cryptocurrency projects will unlock tokens, releasing a total value of approximately $290 million. On February 25th, ALT unlocked approximately 240 million pieces (about 11.72 million US dollars), accounting for 2.401% of the total supply; On February 26th, ENA unlocked approximately 12.86 million pieces (approximately 5.94 million US dollars), accounting for 0.086% of the total supply; On February 28th, OP unlocked approximately 31.34 million pieces (approximately $36.66 million), accounting for 0.73% of the total supply; On March 1st, SUI unlocked approximately 64.72 million pieces (about 220 million US dollars), accounting for 0.647% of the total supply; On March 1st, ZETA unlocked approximately 44.4 million pieces (approximately $14.75 million), accounting for 2.114% of the total supply. 6. The overall macro news is good, with more speeches from various Federal Reserve chairmen this week.