Crypto Market Daily Review ☀️
The market is down. Market cap is $2.31T. Bitcoin is trading at $61.5K
dropstab | icodrops | twitter | telegram
Spot Bitcoin exchange-traded funds (ETF) could soon see an “even bigger wave” of institutional capital once the “major wirehouses” offer Bitcoin (BTC) ETF trades, according to Bitwise.
Bitwise’s CIO Matt Hougan’s comments come as Bank of America’s Merrill Lynch and Wells Fargo reportedly started offering spot Bitcoin ETFs to its wealth clients.
https://cointelegraph.com/news/bitcoin-etf-even-bigger-wave-next-few-months-bitwise
Vanguard Group CEO Tim Buckley will retire at the end of this year.
https://twitter.com/EricBalchunas/status/1763315645330935848
JPMorgan says bitcoin price could drop toward $42,000 after April halving.
https://www.theblock.co/post/279833/jpmorgan-bitcoin-price-april-halving
Floki developers plan to burn $11M tokens, reducing supply by 190B FLOKI.
https://www.coindesk.com/markets/2024/02/29/floki-developers-float-proposal-to-burn-11m-tokens-reducing-supply-by-190b-floki/
The ChainGuardians Gaming and Collectibles ecosystem expands to MultiversX.
ChainGuardians is a company focused on leveraging blockchain technology to create innovative experiences in the collectibles, gaming, and metaverse sectors.
https://multiversx.com/blog/cgg-expands-to-multiversx
Forgotten Playland Discord Stages is happening today at 14:00 UTC.
https://twitter.com/ForgotPlayland/status/1762848150602015089
http://discord.gg/forgottenplayland
Binance has listed Portal (PORTAL).
PORTAL is now trading at $3.1.
Market Cap: $518M
FDV: $3.1B
Portal is a cross-chain gaming platform with a mission to onboard more players to Web 3.0.
https://www.binance.com/en/trade/PORTAL_USDT
Dog memecoins pump today: DOGE +32%, SHIB +27%, BONK +49%, FLOKI +10%, WIF +18%.
https://dropstab.com/categories/meme
At least some customers of Coinbase's U.S. cryptocurrency exchange was showing $0 account balances Wednesday.
A few hours later, Coinbase reported that it was due to continued heightened traffic and all services on Coinbase.com restored. Very few customers may still see an inaccurate balance on their account.
https://status.coinbase.com/
https://www.coindesk.com/business/2024/02/28/coinbase-account-balances-shows-0-for-users-post-bitcoin-60k-breakout/
Two crypto wallets tagged as holding funds seized by the U.S. government related to the infamous Bitfinex hack have transferred nearly $1 billion of bitcoin to unidentified addresses.
A wallet that's one of at least three tagged by the blockchain-data firm Arkham Intelligence as holding seized Bitfinex hacker funds, on behalf of the government, initially transferred 1 BTC around 18:39 UTC. Roughly a half-hour later, the remaining 2,817 BTC in the wallet were sent, leaving the wallet empty.
https://www.coindesk.com/tech/2024/02/28/us-government-crypto-wallets-transfer-nearly-1b-of-bitcoin-seized-from-bitfinex-hacker/
Jim Cramer: “Given the success of the bitcoin etf it's pretty obvious that an ethereum etf will soon bloom”.
https://twitter.com/jimcramer/status/1762884103718748371
The liquid restaking protocol, Ether.fi, closed a $27 million investment round.
The venture firms Bullish and CoinFund led the round, which had additional participation from Amber Group, Arrington Capital, Bankless Ventures, Foresight Ventures, Chapter One, 4RCapital, Collider Capital, Lvna Capital, Draper Dragon, Node, OKX Ventures, North Island Ventures, Pulsar, Punk DAO, Relayer Capital, Selini, Version One and White Star Capital, among others.
https://www.theblock.co/post/279586/ethereum-liquid-restaking-protocol-ether-fi-closes-a-27-million-investment-round
https://x.com/ether_fi/status/1762841187356979302
🔥Bitcoin has reached $63.4K.
BTC is now trading at $61,400.
https://dropstab.com/coins/bitcoin
⚡️EtherDrops now supports Blast.
https://x.com/etherdrops_bot/status/1763338253900677450
👉t.me/fomo
Ankr is collaborating with Babylon to launch their new BTC staking protocol.
Ankr will create liquid staking tokens (LSTs) for the bitcoin staked via Babylon.
https://twitter.com/ankr/status/1763341377239445818
Rumours: Bank of America Corp.’s Merrill arm and Wells Fargo & Co.’s brokerage unit are offering access to ETFs that invest directly in Bitcoin.
https://news.bloomberglaw.com/business-and-practice/bofas-merrill-wells-fargo-offer-bitcoin-etfs-to-wealth-clients
SushiSwap will announce BLAST related event soon.
https://twitter.com/SushiSwap/status/1763206335653642277
Portal will launch staking on 1 March.
https://twitter.com/Portalcoin/status/1763139362727063902
Pavel Durov: “After my last post, some people expressed concern that, as a result of ad sales exclusively for TON, Telegram may end up holding an unhealthy share of Toncoin, which will be too concentrated for a decentralized ecosystem. We acknowledge these concerns and have come up with a solution.
To limit Telegram’s share of TON at ≈10% of the supply, we’ll be selling the upcoming surplus of our TON holdings to long-term investors — under 1-4 years lockup and vesting plan, but at a discount to the market price. This way free-floating TON will get locked up, stabilizing the ecosystem and reducing volatility.”
/channel/durov/250
💧 Latest Bitcoin Ecosystem Funding Rounds
👉 https://dropstab.com/tab/bitcoin-ecosystem-fundraise-n8p0euds8n
Blast mainnet will go live on February 29 at 21:00 UTC.
https://x.com/Blast_L2/status/1763056463813984516
Crypto Market Daily Review ☀️
The market is growing. Market cap is $2.35T. Bitcoin is trading at $63K
dropstab | icodrops | twitter | telegram
Trading volume of new spot Bitcoin ETFs was ~$6 billion yesterday.
https://twitter.com/EricBalchunas/status/1762949129666199835/
Morgan Stanley is deciding whether to offer spot bitcoin ETFs to customers of its brokerage platform.
https://www.coindesk.com/business/2024/02/28/morgan-stanley-evaluating-spot-bitcoin-etfs-for-its-giant-brokerage-platform-sources/
The number of searches on Google for "Bitcoin" is on the rise.
https://trends.google
The market is extremely volatile.
Over 24 hours, $757M worth of positions were liquidated.
https://www.coinglass.com/LiquidationData