#MiracleWeekly | February 19 - February 25 2024

#MiracleWeekly | February 19 - February 25 2024 Developments in the crypto world

Avalanche’s primary network encountered block production challenges on Feb 23, causing a halt in operations. The last blocks on P-Chain, X-Chain, and C-chain were over an hour ago. Official alerts have been issued by Avalanche.

Bitcoin mining difficulty hit a new high, surpassing 80 trillion on Feb 16. This index reflects the complexity of mining cryptographic puzzles. Higher difficulty means more computational power needed.

Aleo, the decentralized blockchain platform, disclosed user information on Feb 25, per X sources. Known for its zero-knowledge cryptography, Aleo utilizes a third-party KYC protocol.

- Global Crypto market cap rose by 0.6% to $2 Trillion
- DeFi market cap rose by 13.4% to $90.6 Billion
- NFT market cap rose by 2% to $34.7 Billion
- Gaming market cap fell by 20.8% to $20.8 Billion

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