🏦 Coinbase sells $1 billion bond as crypto and the company's stock prices soar

Seizing on a chance to get debt while its stock price is near its 26-month high in the wake of a crypto rally, Coinbase announced plans Tuesday to sell $1 billion in debt to institutional investors. This move aims to shore up funds to repay its existing debts and cover its corporate costs. The sale of the notes, which would mature in 2030, could add up to $1 billion to the company's liabilities, bringing its debt to $4 billion.

Source

https://t.me/CryptoMarketTime

💰 Net $680 million flows into Bitcoin ETFs as Grayscale outflows tick back up to $276 million

Bitcoin ETFs continued their strong performance on March 13, with a net inflow of $683.7 million, according to data from Bitmex Research. This marks another positive day for Bitcoin ETFs, following the surge in inflows seen on March 12. Per Bitmex Research ETF flow data, BlackRock’s iShares Bitcoin ETF (IBIT) again led the way, attracting $586.5 million in new investments. Fidelity’s FBTC fund also maintained its momentum, with inflows of $281.5 million.

Source

https://t.me/CryptoMarketTime

💰 JPMorgan says bitcoin rally 'propagated' by retail and speculative institutional investors

The recent surge in bitcoin and the broader crypto market is primarily driven by retail and speculative institutional investors buying both gold and bitcoin futures rather than investors shifting from gold to bitcoin, according to JPMorgan analysts. Since their launch earlier this year, spot bitcoin exchange-traded funds have seen heavy inflows, while gold ETFs have witnessed outflows.

Source

https://t.me/CryptoMarketTime

🔵 Arbitrum eyes $400 million crypto gaming fund with proposal to DAO

Arbitrum Foundation wants to expand into blockchain gaming and is aiming to "earmark" about $400 million over the next two years with the aim of convincing publishers and builders to create video games using its blockchain. The program proposes asking the Arbitrum DAO to approve the earmarking of 200 million ARB (about $400 million at current prices) over a two-year period to incentivize building games on its blockchain.

Source

https://t.me/CryptoMarketTime

💰 Bitcoin Trader Sees Prices Slumping to $60K as Crypto Bulls See $650M in Liquidations

Crypto market capitalization dropped 7%, its sharpest fall this year, as bitcoin (BTC) plunged 8% in the past 24 hours to wipe weekly gains and kickstart a marketwide decline. Bitcoin slumped from Thursday’s high of $73,000 to as low as $65,800 early Friday before slightly recovering. Meanwhile, Coindesk 20, a broad-based index of most liquid cryptocurrencies, was down 8.25%.

Source

https://t.me/CryptoMarketTime

💰 Galaxy Digital CEO: Bitcoin Unlikely to Fall Below $55,000 — 'That's the New Floor'

Galaxy Digital CEO Michael Novogratz says he doesn’t believe the price of bitcoin will fall back down to the $50K-$55K level. “I think that’s the new floor unless something dramatic happens,” he described. “This has been a wild ride of an asset,” he added, noting that we’re in price discovery mode and if you look at the charts, $100,000 could be a bitcoin price target.

Source

https://t.me/CryptoMarketTime

💰 Bitcoin Hashrate reached a new ALL TIME HIGH of 636,000,000,000,000,000,000 hashes/s this week

Miners won't and can't stop bringing hash online ahead of the halving!

https://t.me/CryptoMarketTime

🪙 Ether.fi announces airdrop, will adjust token allocation following community complaints

Ether.fi, the largest liquid restaking protocol on Ethereum, has announced plans for its upcoming airdrop of governance tokens. The airdrop's first stage, entitled Season 1, will release 6% of the total token supply and covers behavior up to March 15. Season 2 will release 5% of the remaining tokens and covers behavior from March 15 to an unspecified future date.

Source

https://t.me/CryptoMarketTime

🪙 Ethereum activity drops ether supply to lowest levels since August 2022

Ethereum's latest upgrade, Dencun, was activated on March 13 — but the previous high-profile upgrade has helped decrease the total supply of ether substantially. As of mid-week, the total supply of ether declined to its lowest level since August 2022, according to data from CryptoQuant cited by CNBC. It was shortly after that date that Ethereum made its most significant upgrade in history by changing from proof-of-work to proof-of-stake — an upgrade known as The Merge.

Source

https://t.me/CryptoMarketTime

🟠 Binance Personnel Cleared of Insider Trading Allegations in BOME Controversy

Binance has cleared its personnel from the allegations surrounding Book of Meme (BOME), a meme coin built on the Solana blockchain. The move follows widespread discussions and allegations of possible insider trading associated with the “BOME rat warehouse” incident, prompting Binance to take swift action to address the matter. According to the statement, preliminary investigation results suggest that the individual implicated in the allegations has no affiliation with Binance.

Source

https://t.me/CryptoMarketTime

🟠 Binance Asks Prime Brokers to Enhance KYC to Block U.S. Nationals: Bloomberg

Binance is asking its prime brokers to do enhanced Know Your Customer (KYC) work on clients to ensure that they aren’t serving U.S. nationals, according to a report from Bloomberg. “Binance is fully committed to compliance and has made public how it assesses end users who can access the Binance platform," the exchange said in a statement published on Bloomberg. “By making its standard transparent, Binance gives clarity to enterprises who want to access its market-leading liquidity.”

Source

https://t.me/CryptoMarketTime

📊 Bitcoin and ether perpetual futures funding rates still elevated despite downturn in spot prices

Bitcoin and ether perpetual futures funding rates are still elevated despite the spot prices of each asset falling by 7% and 6% respectively, in the past 24 hours. The global cryptocurrency market cap fell 5.8% in the past 24 hours to $2.5 trillion, according to CoinGecko data. This means that speculators are still adding to leveraged longs on the dip," Tuesday's QCP Capital market report said.

Source

https://t.me/CryptoMarketTime

🇺🇸 US spot 💰 Bitcoin ETFs surge past $150 billion in cumulative trading volume

Cumulative trading volume for U.S. spot bitcoin exchange-traded funds surpassed $150 billion on Tuesday, less than 10 weeks after the Securities and Exchange Commission approved ETFs from BlackRock, Fidelity, and Bitwise, among others. Spot bitcoin ETF cumulative trading volume has increased by $50 billion since March 8 alone — when total volume first reached the $100 billion mark — to hit $151.4 billion by the close of trading yesterday, according to The Block’s data dashboard.

Source

https://t.me/CryptoMarketTime

🏦 Coinbase legal chief argues SEC has ‘no good reason’ to deny spot 🪙 Ethereum ETFs

Amid ongoing speculation surrounding the prospect of spot Ethereum exchange-traded fund approvals in the United States, Coinbase Chief Legal Officer Paul Grewal said the Securities and Exchange Commission has “no good reason” to deny the ETF applications. “Sigh... again with the ETH misinformation as we await a decision on ETH ETPs,” Grewal wrote on X. “Millions of Americans hold ETH; it has been vital to crypto since its 2015 launch; and ETH is a commodity, not a security.”

Source

https://t.me/CryptoMarketTime

🏦 Coinbase Is More Than Just a Crypto Exchange: JMP Securities

Coinbase (COIN) is more than just a crypto exchange, and momentum is continuing to build in its ancillary businesses, JMP Securities said in a research report Thursday. JMP notes that Coinbase’s daily spot trading volume in the first quarter is averaging about $3.3 billion, which has more than doubled from the fourth quarter last year. The newly launched derivatives platform is also “scaling at a tremendous pace.”

Source

https://t.me/CryptoMarketTime

💰 Ripple CEO Expects SEC to Lose Against Ethereum, Mirroring XRP Lawsuit Outcome

Ripple’s chief executive believes the U.S. Securities and Exchange Commission (SEC) will be unsuccessful in classifying ether as a security, similar to how the agency lost its legal battle, for the most part, against XRP. Noting that the SEC has been “losing badly in courts” against crypto firms, the Ripple CEO stated: “At what point will the SEC realize they will lose the war against ETH just as they lost against XRP?”

Source

https://t.me/CryptoMarketTime

🐶 Floki Inu roadmap reveals plans for regulated bank accounts

The development team behind the dog-themed memecoin Floki Inu has unveiled its roadmap for 2024, revealing several upcoming features and utility-focused initiatives. This includes regulated digital banking accounts, enabling users to create and fund bank accounts using FLOKI tokens. The roadmap also mentions an integration with the Venus decentralized finance (DeFi) protocol, the Floki debit card’s introduction, and the Valhalla mainnet’s upcoming release.

Source

https://t.me/CryptoMarketTime