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

Pavel Durov said Telegram was valued at $30bn ahead of a possible IPO.

The TON price has increased by 10%.

https://www.ft.com/content/8d6ceb0d-4cdb-4165-bdfa-4b95b3e07b2a

The Starknet Foundation has announced the formation of its Gaming Committee.

Comprised of six experts, the Committee's mandate is to promote the growth of gaming on Starknet.

50M STRK ($123M) has been allocated for the initiative.

https://www.starknet.io/en/content/gaming-committee-launch-advancing-starknets-gaming-ecosystem

KuCoin will list zkLend (ZEND).

Trading: 10:00 on March 14, 2024 UTC.

zkLend is permissionless money-market protocol natively powered by Starknet.

zkLend has announced the ZEND airdrop SZN 1.

For ZEND Airdrop SZN 1, zkLend is distributing 3,890,250 ZEND tokens (approx. 4% of its total supply) to 42,695 of its early supporters.

Claims will open on March 14, 2024, at a time to be updated. 25% of the airdrop claims will be unlocked immediately on March 14, with the remainder to be linearly vested over the course of 90 days, ending on June 12, 2024.

https://x.com/zklend/status/1767127071883485194
https://x.com/zklend/status/1767192251594137760

Layer 2 developer Eclipse Labs has raised a $50 million Series A funding round co-led by Placeholder and Hack VC, bringing the total capital raised to $65 million.

The funding round saw participation from other investors including Polychain Capital, Delphi Digital, Maven 11, DBA, and Fenbushi Capital. Additional strategic contributions came from Flow Traders, GSR, Apollo Global Management, and OKX Ventures. The firm did not disclose its latest valuation.

This freshly raised capital will be used by the project to develop an Ethereum Layer-2 solution using the Solana Virtual Machine (SVM).

https://www.theblock.co/post/281566/eclipse-labs-raises-50-million-in-series-a-funding-ahead-of-expected-q2-mainnet

The XRP price has increased by 17%.

https://dropstab.com/coins/ripple

Investment firm BlackRock hired former GSR research analyst Matt Kunke as a director and product strategist focused on iShares digital assets ETFs.

At GSR, Kunke predicted in January that Ethereum ETFs had a 75% chance of approval by May.

https://www.theblock.co/post/281687/blackrock-hires-gsr-research-analyst-who-predicted-75-chance-of-spot-ether-etf-approval-by-may

The daily number of new addresses on the Solana blockchain has reached an all-time high, according to The Block’s Data Dashboard.

The daily count of new addresses on the Solana network, based on a seven-day moving average, now stands at over 691,000.

https://www.theblock.co/post/281733/solana-registers-all-time-high-in-daily-new-addresses