🔐Validators of Ethereum have locked up over 31.5 million ETH or 26% of the asset's issuance in staking.
Their market value exceeds $117 billion.
Their market value exceeds $117 billion.
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🐋An early Bitcoin miner sold 1000 BTC mined since 2010.
14 years later, he realized a profit of $67 million (at the time of transfer to the Coinbase exchange).
The Bitcoin price was $0.28 when the coins were mined.
14 years later, he realized a profit of $67 million (at the time of transfer to the Coinbase exchange).
The Bitcoin price was $0.28 when the coins were mined.
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🤝 Bankrupt crypto lender BlockFi reached an agreement with FTX and Alameda Research to repay $874.5 million.
The deal could lead to the full recovery of BlockFi's clients' assets.
The deal could lead to the full recovery of BlockFi's clients' assets.
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📈Memes on the Solana blockchain have driven ecosystem DEX volumes to record highs, reflecting the growth in TVL, stablecoin liquidity, and daily transactions.
As a result, Solana has once again surpassed Ethereum.
#Solana #memecoins
As a result, Solana has once again surpassed Ethereum.
#Solana #memecoins
📊Coinbase: The AI token market at $26 billion is overvalued and reflects more speculative sentiment than actual usage.
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💰Bitwise Investment Director Matt Hougan explained the parallel growth of Bitcoin and altcoins by the influx of new funds into the crypto industry through ETFs.
According to him, the current bull market is different from previous ones. Historically, altcoin seasons limited Bitcoin's growth as capital moved from the first cryptocurrency to others. However, the 2024 rally is driven by external money flowing into the ecosystem through ETFs.
According to him, the current bull market is different from previous ones. Historically, altcoin seasons limited Bitcoin's growth as capital moved from the first cryptocurrency to others. However, the 2024 rally is driven by external money flowing into the ecosystem through ETFs.
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⛏ In February, Bitcoin miners consumed a record-breaking 19.6 GW of electricity compared to 12.1 GW for the same period the year before.
According to Bloomberg, the recovery in the price of the primary cryptocurrency prompted digital asset mining companies to spend over $1 billion on new equipment since February 2023.
According to Bloomberg, the recovery in the price of the primary cryptocurrency prompted digital asset mining companies to spend over $1 billion on new equipment since February 2023.
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🐋On March 10, a group of 80 wallets, inactive for over eight years, transferred 2,352.62 BTC worth over $163 million.
Most of the bitcoins came from wallets created between August and December 2015. During this period, the first cryptocurrency experienced a prolonged decline after the peak prices of 2013 (when 1 BTC was ~$238, the balance was valued at $560,000). Since then, investments have grown by over 29,000%.
Today, 150,000 ETH worth $600 million, purchased over 5 years ago, were also deposited on Coinbase.
Most of the bitcoins came from wallets created between August and December 2015. During this period, the first cryptocurrency experienced a prolonged decline after the peak prices of 2013 (when 1 BTC was ~$238, the balance was valued at $560,000). Since then, investments have grown by over 29,000%.
Today, 150,000 ETH worth $600 million, purchased over 5 years ago, were also deposited on Coinbase.
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📈CEO of CryptoQuant, Ki Young Ju, predicts a liquidity crisis on the Bitcoin sellers' side.
According to him, bears have no chance of prevailing against active purchases by cryptocurrency ETF funds. Additionally, a significant portion of the supply is concentrated among other players - CEX and miners.
#CryptoQuant
According to him, bears have no chance of prevailing against active purchases by cryptocurrency ETF funds. Additionally, a significant portion of the supply is concentrated among other players - CEX and miners.
#CryptoQuant
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🤯CryptoPunk sold for a record $16 million...
CryptoPunk #3100, known as the "alien punk," was sold for 4500 ETH, which is approximately $16.03 million. This sale became the second most valuable in the history of the CryptoPunks NFT collection in both dollars and Ether.
The previous transaction consisted of an offer of 4250 ETH, or approximately $14.56 million, which was placed on March 1st. However, the seller surpassed this offer and set a new record. Now CryptoPunk #3100 ranks second in value on the marketplace.
According to The Block, sales of CryptoPunks totaled $8.25 million just last week.
CryptoPunk #3100, known as the "alien punk," was sold for 4500 ETH, which is approximately $16.03 million. This sale became the second most valuable in the history of the CryptoPunks NFT collection in both dollars and Ether.
The previous transaction consisted of an offer of 4250 ETH, or approximately $14.56 million, which was placed on March 1st. However, the seller surpassed this offer and set a new record. Now CryptoPunk #3100 ranks second in value on the marketplace.
According to The Block, sales of CryptoPunks totaled $8.25 million just last week.
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🪙Since the last bull cycle, there has been asset diversification in the stablecoin segment.
According to Kaiko, the share of USDT on centralized exchanges has decreased from over 95% at the end of 2020 to the current 71%.
The main winner is Binance-backed FDUSD, whose share has grown to 21%.
According to Kaiko, the share of USDT on centralized exchanges has decreased from over 95% at the end of 2020 to the current 71%.
The main winner is Binance-backed FDUSD, whose share has grown to 21%.
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📊Commission fees on the Ethereum network approached $200 million for the past week amid frenzy surrounding meme cryptocurrencies. Thanks to the fee-burning mechanism, the supply of ETH for this period decreased by 33,000 ETH (~$125 million).
Trading volume on decentralized Ethereum exchanges surged by 40% to $20 billion.
Trading volume on decentralized Ethereum exchanges surged by 40% to $20 billion.
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🚀The Bloomberg Crypto 100 index increased by 70% in 2024.
Bitcoin rose to $72,881, and its market capitalization increased by 2.9% to $1.42 trillion. Ethereum reached $4,031, while Binance Coin and Solana showed strong growth.
The net capital inflow into crypto ETF funds is approaching $10 billion. Institutional interest in Bitcoin is strengthening, with 1,500 new whale wallets emerging.
Bitcoin rose to $72,881, and its market capitalization increased by 2.9% to $1.42 trillion. Ethereum reached $4,031, while Binance Coin and Solana showed strong growth.
The net capital inflow into crypto ETF funds is approaching $10 billion. Institutional interest in Bitcoin is strengthening, with 1,500 new whale wallets emerging.
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⚙️Decentralized exchange PancakeSwap has announced the launch of the fourth version of the platform in the third quarter of this year.
As part of the DEX update, it will reduce gas consumption, optimize trading through liquidity pool customization, and introduce limit orders.
Among other features is Singleton, which will allow pooling pools into one contract to reduce deployment costs by 99%, and Flash-accounting for collective transaction accounting.
As part of the DEX update, it will reduce gas consumption, optimize trading through liquidity pool customization, and introduce limit orders.
Among other features is Singleton, which will allow pooling pools into one contract to reduce deployment costs by 99%, and Flash-accounting for collective transaction accounting.
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Analyst Rekt Capital has reported that in four days, Bitcoin potentially enters a historically "dangerous" zone ahead of the halving.
In 2020, the correction was 20%, in 2016, it was 40%.
Commenters noted improvements in market liquidity and strong demand, making a significant correction unlikely. If it does occur, it could present an excellent buying opportunity.
In 2020, the correction was 20%, in 2016, it was 40%.
Commenters noted improvements in market liquidity and strong demand, making a significant correction unlikely. If it does occur, it could present an excellent buying opportunity.
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🐋Asset manager Cetera Financial Group, with $190 billion in capital, has approved the addition of spot Bitcoin ETFs from BlackRock, Fidelity, Invesco, and Franklin Templeton to client portfolios.
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⚡️Bitcoin fell below $66,000
In the last 24 hours, 247,335 traders were liquidated, with a total liquidation amount of $808.85 million (long - $667.48 million, short - $141.38 million).
The largest single liquidation order occurred on OKX - BTC-USDT-SWAP for $13.30 million.
In the last 24 hours, 247,335 traders were liquidated, with a total liquidation amount of $808.85 million (long - $667.48 million, short - $141.38 million).
The largest single liquidation order occurred on OKX - BTC-USDT-SWAP for $13.30 million.
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⚖️ The prosecution has requested a sentence of 40 to 50 years in prison for FTX founder Sam Bankman-Fried.
Sentencing is scheduled for March 28th.
Damian Williams, the prosecutor for the Southern District of New York, noted SBF's refusal to admit guilt in what he called "likely the largest fraud of the last decade."
He also compared the defendant to Bernie Madoff, who was sentenced to 150 years in prison in 2009 for a financial scheme.
Sentencing is scheduled for March 28th.
Damian Williams, the prosecutor for the Southern District of New York, noted SBF's refusal to admit guilt in what he called "likely the largest fraud of the last decade."
He also compared the defendant to Bernie Madoff, who was sentenced to 150 years in prison in 2009 for a financial scheme.
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