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
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
💧Top Funding Rounds in the Last Week
👉 https://dropstab.com/insights/latest-fundraising-rounds
Bitcoin has overtaken silver in terms of market capitalisation.
https://companiesmarketcap.com/assets-by-market-cap/
🔥BTC has hit a new all-time high above $71,300.
Bitcoin is now trading at $71,340.
https://dropstab.com/coins/bitcoin
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
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/
UK-focused retail broker eToro considers New York for IPO.
https://www.ft.com/content/c7e4ad29-4bf8-43e3-85dd-cf35585c6ad1
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
Tether minted $2 billion USDT on Ethereum Network.
https://twitter.com/paoloardoino/status/1766590212560331129
Coinbase said in a meeting with the SEC that the Ethereum ETF is a commodity stock.
https://www.sec.gov/comments/sr-nysearca-2023-70/srnysearca202370-442459-1130542.pdf
Sam Altman returns to the OpenAI board of directors.
The WLD price has increased by more than 40% in 24 hours.
https://twitter.com/sama/status/1766291001134715207
CyberConnect introduced the social layer 2 with restaking.
https://twitter.com/CyberConnectHQ/status/1766117169602163033
The Arbitrum community made a proposal to finance the legal defense of Roman Storm and Alexey Pertsev (Tornado Cash).
https://snapshot.org/#/arbitrumfoundation.eth/proposal/0xa819a4faf67d7b52272b2ddc8c5a48f87407269e689740fed781a29707c8f44c
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
🔥Bitcoin has reached $72.2K.
BTC is now trading at $71.5K.
https://dropstab.com/coins/bitcoin
Bitget Wallet introduces BWB.
https://twitter.com/BitgetWallet/status/1767130883419672902
Elon Musk: “This week, xAI will open source Grok”.
The GROK price has increased by more than 60%.
https://twitter.com/elonmusk/status/1767108624038449405
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
Crypto Market Daily Review ☀️
The market is down. Market cap is $2.62T. Bitcoin is trading at $68.5K
dropstab | icodrops | twitter | telegram
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
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
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
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/
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/
Fidelity cuts about 700 jobs, its first reduction since 2017.
The move affects less than 1% of the workforce, a spokesperson for Boston-based Fidelity said Friday in an emailed statement. The firm had about 74,000 employees at the end of last year.
https://www.bloomberg.com/news/articles/2024-03-08/fidelity-cuts-about-700-jobs-its-first-reduction-since-2017
A federal appeals court revived a lawsuit where investors accused Binance of violating U.S. securities laws by selling unregistered tokens that lost much of their value.
The appeal covered investors who had bought seven tokens - ELF, EOS, FUN, ICX, OMG, QSP and TRX - through Binance starting in 2017, and which soon lost much of their value.
https://www.reuters.com/technology/binance-must-face-revived-investor-lawsuit-us-over-crypto-losses-2024-03-08/
India earmarks $1.25B to boost growth of AI.
https://cointelegraph.com/news/india-earmarks-1-25-b-ai-growth
💧Current state of the market in our weekly overview
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