The Ethereum network's revenue surged to nearly two year highs this week as the speculative frenzy with meme coins boosted blockchain activity.

IntoTheBlock data shows that Ethereum mainnet's revenue from network fees reached $193 million this week.

https://www.coindesk.com/markets/2024/03/08/meme-coin-frenzy-drives-ethereum-network-fees-to-nearly-2-year-high-intotheblock/

Tether minted $2 billion USDT on Ethereum Network.

https://twitter.com/paoloardoino/status/1766590212560331129

Pershing Square Capital Management founder and CEO Bill Ackman mulls Bitcoin.

https://www.coindesk.com/business/2024/03/09/billionaire-hedge-funder-bill-ackman-mulls-bitcoin/

Vitalik Buterin has introduced the research about a blockchain hacking using quantum computers.

https://ethresear.ch/t/how-to-hard-fork-to-save-most-users-funds-in-a-quantum-emergency/18901

PROOF founder Kevin Rose appears to be liquidating a number of his NFTs and burnt two of his ENS domains.

Over the past 16 days, he sold NFTs worth 328.98 ETH ($1.293 million).

https://x.com/nftnow/status/1766469246257635435

UK-focused retail broker eToro considers New York for IPO.

https://www.ft.com/content/c7e4ad29-4bf8-43e3-85dd-cf35585c6ad1

An ArbitrumDAO proposal to donate up to $1.28 million in crypto toward Tornado Cash developers Roman Storm and Alexey Pertsev's fight against criminal charges has been deleted by its author, as token holders voiced concerns over whether such a donation might pose legal risks, sources familiar with the matter told The Block.

https://www.theblock.co/post/281535/arbitrum-dao-revokes-proposal-for-million-dollar-donation-to-tornado-cash-devs-over-legal-concerns

On March 10, 2024, a group of 80 dormant bitcoin (BTC) wallets, inactive for over eight years, sprang into action moving 2,352.62 BTC (~$163M).

https://news.bitcoin.com/bitcoin-whale-from-2015-moves-sleeping-bitcoins-worth-163m-as-historic-wallets-wake-up/

BlackRock Bitcoin ETF now holds more BTC than MicroStrategy.

According to data from BitMEX, BlackRock's IBIT now has nearly 198,000 Bitcoin, outpacing MicroStrategy’s holdings.

https://cointelegraph.com/news/blackrock-bitcoin-etf-holds-more-btc-microstrategy
https://x.com/bitmexresearch/status/1766359858893262958

K Bank, a South Korean neobank that has seen rapid growth thanks laregely to its crypto operations, is set to make an initial public offering (IPO) bid.

https://cryptonews.com/news/south-koreas-crypto-keen-k-bank-aims-for-ipo-amid-btc-boom.htm

Crypto Market Daily Review ☀️

The market is down. Market cap is $2.62T. Bitcoin is trading at $68.5K

dropstab | icodrops | twitter | telegram

🔥BTC has hit a new all-time high above $71,300.
Bitcoin is now trading at $71,340.

https://dropstab.com/coins/bitcoin

Binance will list Metis (METIS) at 2024-03-11 12:00 UTC.

Metis is a permissionless ETH L2 that utilizes optimistic rollup as their underlying scaling solution.

After the news, the METIS price has increased by more than 25%.

https://www.binance.com/en/support/announcement/binance-will-list-metis-metis-with-seed-tag-applied-a73748f501dc48f6ba3d68d724052492

🔥ETH has reached $4K.

https://dropstab.com/coins/ethereum

Elon Musk: “This week, xAI will open source Grok”.

The GROK price has increased by more than 60%.

https://twitter.com/elonmusk/status/1767108624038449405

Bitcoin has overtaken silver in terms of market capitalisation.

https://companiesmarketcap.com/assets-by-market-cap/

Bitget Wallet introduces BWB.

https://twitter.com/BitgetWallet/status/1767130883419672902

💧Top Funding Rounds in the Last Week

👉 https://dropstab.com/insights/latest-fundraising-rounds

🔥Bitcoin has reached $72.2K.
BTC is now trading at $71.5K.

https://dropstab.com/coins/bitcoin

MicroStrategy completes $800 Million offering of Convertible Notes at 0.625% Coupon and 42.5% Conversion Premium.

MicroStrategy has acquired an additional 12,000 BTC for ~$821.7M using proceeds from convertible notes & excess cash for ~$68,477 per bitcoin. As of 3/10/24, MSTR hodls 205,000 BTC acquired for ~$6.91B at average price of $33,706 per bitcoin.

https://x.com/saylor/status/1767151492010508566
https://x.com/saylor/status/1767158870294605904

Gotbit Hedge Fund has announced its seven-figure investment in 5ire, a layer-1 EVM compatible smart contract platform.

This investment highlights Gotbit Hedge Fund commitment to promoting innovation in AI, Perp DEX, and RWA projects. It's exemplified by its backing of 5ire $10 million grant program.

5ire is currently trading on exchanges: Bybit, Gate, Mexc, Bingx, Uniswap.

https://x.com/gotbit_io/status/1762114589162942692