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Latest crypto market insights twitter.com/cryptounfolded | ads.unfolded.io | contact: @nakamotocat

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Morgan Stanley fund opens door to investment in spot bitcoin ETFs — link | tl;dr

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Bitcoin ETPs have shifted from trading a daily average of $34m in 2023 to $2bn in 2024 so far — link

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new ฿ yearly high: $61,128

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A very strong start to the week for Bitcoin ETF fund flows with over net $1bn in the last 2 days — link

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IRS taps into strategic hires from private sector to improve crypto tax enforcement — link | tl;dr

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The ETH/BTC ratio rose to its highest level since early January last week — link

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New Bitcoin ETFs surpass 300,000 BTC holdings in under two months — link | tl;dr

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new ฿ yearly high: $57,055

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The new nine Bitcoin ETFs have broken all time volume record today with $2.4b, just barely beating Day One but about double their recent daily average. Blackrock's $IBIT went wild accounting for $1.3b of it, breaking its record by about 30% — link

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MicroStrategy has acquired an additional 3,000 BTC for ~$155 million at an average price of $51,813 per Bitcoin between Feb. 15 and Feb. 25 — link

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The open interest for CME Bitcoin futures has risen 58% to $6.8B in February compared to an 86% increase to around $1.1B for CME Ether futures — link

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Binance $4.3 billion payment in US plea deal approved by judge, who also signs off on compliance monitoring requirement — link

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Cumulative trading volume for spot Bitcoin ETFs broke past $50 billion yesterday — link | tl;dr

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Kraken moves to dismiss SEC lawsuit, which the crypto firm says is retaliation from ‘a politically compromised agency’ — link | tl;dr

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A surge of interest in Bitcoin exchange-traded funds (ETFs) is prompting some investors to swap out holdings in gold-backed ETFs — link

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Nigeria detains Binance executives in cryptocurrency crackdown — link

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Progress until next Bitcoin halving:
▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓░ 96.4% ~ 50 days left

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VanEck launches NFT marketplace and digital assets platform SegMint — link | tl;dr

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Coinbase App Store rank slowly rising — 279, highest point since Jan — link

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Sam Bankman-Fried asks court to cut prison time to 63-78 months — link | tl;dr

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Kraken launches custody service, aims to compete with Coinbase — link | tl;dr

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The total stablecoin market value climbed to nearly $140 billion for the first time since late 2022.

Circle's USDC added over $2.5 billion to its market cap over the past month, outpacing Tether's growth during the same period — link

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HTX, formerly Huobi, withdraws Hong Kong crypto licence application three days after submission — link

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new ฿ yearly high: $53,000

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Digital asset investment products saw weekly inflows totalling $598m, marking the fourth consecutive week of inflows. Year-to-date inflows have now surpassed the $5.7bn mark.

The US saw most of the inflows at $610m, impacted by incumbent issuer Grayscale, which saw further outflows totalling $436m last week — link

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FTX reaches $33 million settlement over failed European expansion — link

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A $30 billion RIA platform greenlights just four spot Bitcoin ETFs — link | tl;dr

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Riot raises $559M in equity to fund WhatsMiner purchases — link

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Block says its Bitcoin bets yielded $207M in gains last quarter — link | tl;dr

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Reddit adds Bitcoin and Ethereum to balance sheet, may continue to do so in future; files to list IPO on NYSE — sec

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