Crypto Market Daily Review ☀️
The market is down. Market cap is $2.49T. Bitcoin is trading at $65.7K
dropstab | icodrops | twitter | telegram
Ethereum NFTs have dropped significantly in value due to ETH surge.
Over the last week, BAYC, Pudgy Penguins, MAYC and Azuki, have fallen in price by over 25% in ETH.
https://blur.io/collections
Cross-chain decentralized exchange WOOFi hacked for over $8M.
The exploiter borrowed ~7.7M WOO as well as some other assets and sold the WOO into WOOFi. At this point WOOFi’s sPMM incorrectly adjusted WOO to an extreme price which was close to zero, and the exploiter then swapped out 10M WOO in the same transaction with almost no cost. The exploiter repeated this attack 3 times within a very short period of time, which netted about $8.75m in profits after returning the flash loans.
The WOO price has decreased by 10% in 24 hours.
https://woo.org/blog/en/woofi-spmm-exploit-post-mortem
https://coinfomania.com/defi-project-woofi-hacked-for-over-8m/
Long and short positions liquidated for $1.14B in 24 hours.
https://www.coinglass.com/LiquidationData
Grayscale has introduced a new fund that stakes cryptocurrencies to earn income.
The Grayscale Dynamic Income Fund (GDIF) initially will own assets for nine blockchains: Aptos (APT), Celestia (TIA), Coinbase Staked Ethereum (CBETH), Cosmos (ATOM), Near (NEAR), Osmosis (OSMO), Polkadot (DOT), SEI Network (SEI), and Solana (SOL).
https://www.coindesk.com/business/2024/03/05/bitcoin-etf-giant-grayscale-introduces-a-crypto-staking-fund/
🔥Bitcoin has reached $69K.
BTC is now trading at $68K.
https://www.binance.com/en/trade/BTC_USDT
Stanford’s Blyth Fund allocates 7% of its portfolio to Bitcoin.
https://cointelegraph.com/news/stanford-university-blyth-fund-allocates-7-percent-portfolio-bitcoin
Crypto Market Daily Review ☀️
The market is growing. Market cap is $2.54T. Bitcoin is trading at $67.4K
dropstab | icodrops | twitter | telegram
MicroStrategy proposes $600 million convertible note offering.
The company said it would use “to acquire additional bitcoin and for general corporate purposes.”
https://www.theblock.co/post/280491/microstrategys-shares-surge-over-23-as-bitcoin-portfolio-exceeds-13-billion
MicroStrategy is up 23% due to BTC growth.
The company's Market Cap is $20.016B.
https://finance.yahoo.com/quote/MSTR/
🔥Bitcoin has reached $68.6K.
BTC is now trading at $68.2K.
Market Cap: $1.34T
https://dropstab.com/coins/bitcoin
Tether has introduced a recovery tool that can transfer USDT between blockchains in case of any failures.
https://tether.to/en/safeguarding-tether-tokens-a-comprehensive-approach-to-blockchain-resilience-and-user-protection/
Justin Sun announced the upcoming launch of Inscription, a TRON-based marketplace.
He also added: “BTT soon...”
https://twitter.com/justinsuntron/status/1764587551887708443
🔥Bitcoin has reached $65K.
BTC is now trading at $65.2K.
https://dropstab.com/coins/bitcoin
Crypto Market Daily Review ☀️
The market is growing. Market cap is $2.41T. Bitcoin is trading at $63.6K
dropstab | icodrops | twitter | telegram
Binance.US laid off 2/3 of staff in wake of SEC lawsuit, revenue plunged 75%.
https://fortune.com/crypto/2024/03/05/binance-us-layoffs-crypto-sec-cz-zhao/
Jupiter launched a voting platform.
All votes (including the genesis vote) will receive incentives, which includes launchpad fees from the JUP and WEN launch and upcoming fees from launchpad projects.
- You will receive an equivalent amount of voting power for each JUP locked
- Unlocking takes 30 days. You will be able to vote during the unlock countdown, with a decreased voting power
- You can vote on multiple proposals with the same locked JUP
https://twitter.com/JupiterExchange/status/1765046720541651076
Trading volume of spot Bitcoin ETFs hit a record $10bn yesterday.
https://twitter.com/EricBalchunas/status/1765121689036427654
🔥BTC is now trading at $63,410.
ETH is now trading at ~$3,540.
https://dropstab.com/coins/bitcoin
Research by London-based Nickel Digital showed that institutional investors and wealth managers with crypto holdings plan to boost their crypto investments in the year ahead.
https://www.theblock.co/post/280617/institutional-crypto-investment-poised-increase
Binance will list Dogwifhat (WIF) at 2024-03-05 14:00 UTC.
WIF is a-dog-with-a-hat meme on Solana.
https://www.binance.com/en/support/announcement/binance-will-list-dogwifhat-wif-with-seed-tag-applied-90ad67fe5be7483ea058191bfde677e4
Fantom Foundation awarded default Judgement against Multichain.
In July 2023, an exploit on the Multichain bridge saw the depletion of over $210 million in assets across various chains, including Fantom, Ethereum, BNB, Cronos, Polygon, Arbitrum, zkSync, Optimism, and Moonbeam. Fantom’s ecosystem losses amounted to approximately one-third of total losses.
After all attempts to engage with the former directors and key personnel of the Multichain Foundation failed, Fantom filed an action against the Multichain Foundation for breach of contract and fraudulent misrepresentations for losses sustained by Fantom.
https://blog.fantom.foundation/fantom-foundation-awarded-default-judgement-against-multichain/
BlackRock filed with the SEC for its Strategic Income Opportunities Portfolio.
https://twitter.com/Scaramucci/status/1764769628616634762
https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/1738078/000119312524057885/d718346d497.htm
The SEC delayed making a decision and asked for public comment for two proposed spot Ethereum ETFs from Fidelity and BlackRock.
https://www.theblock.co/post/280513/sec-delays-decision-on-blackrocks-spot-ethereum-etf-proposal-seeks-public-feedback
$435,54M worth of positions liquidated in 24 hours.
https://www.coinglass.com/LiquidationData
Liquid restaking protocol Ether.Fi said it will commit $600 million worth of ether (ETH) in a delegation deal to secure the Omni Network.
https://www.coindesk.com/business/2024/03/04/omni-network-signs-600m-restaking-deal-with-etherfi-to-enhance-security/
🔥Bitcoin has reached $66.3K.
BTC is now trading at $66.2K.
https://dropstab.com/coins/bitcoin
Tether’s USDT stablecoin hits historic $100B market cap.
https://cointelegraph.com/news/stablecoin-tether-usdt-100-billion-market-cap
Friend.tech investors agreed to give up their right to sell tokens to users.
It is also reported that the platform will have a currency that will be controlled by users.
https://twitter.com/friendtech/status/1764395305225650514
Tether minted $1 billion USDT.
https://etherscan.io/tx/0x923fd8148ba2492b3c806b4867910ec0d0c5bd6c790378b2d7385b542051df1c