After reaching $69,000, the price of BTC quickly dropped, with a fluctuation rate of 6.4%. In the past 24 hours, a total of $1.16 billion in futures have been liquidated.
According to a report by The Independent, President Bukele of El Salvador has stated that despite profits exceeding 50%, the country has no intention of selling the significant amount of Bitcoin it holds. This Central American country became the worlds first to adopt Bitcoin as an official currency in 2021, and it also allocated national funds into the asset. Currently, El Salvador holds approximately 2,380 bitcoins, purchased at an average price of $44,300 each, now valued at over $155 million. It is reported that under El Salvadors Bitcoin law, every Salvadoran is eligible to receive $30 worth of free bitcoin to incentivize the adoption of Bitcoin.
The Securities and Futures Commission of Hong Kong issued a warning to the public today to beware of a virtual asset trading platform operating under the name BitForex, suspected of engaging in virtual asset fraud. BitForex is neither licensed nor registered with the Securities and Futures Commission to operate a virtual asset trading platform in Hong Kong. The Securities and Futures Commission of Hong Kong has noted that the platform has used wallet and website maintenance as excuses, making it increasingly difficult for victims to withdraw assets from the platform in recent days. Victims have reported that BitForexs website is now inaccessible, preventing them from accessing their accounts and withdrawing assets held on BitForex. Currently, the Securities and Futures Commission of Hong Kong has listed BitForex and its website on the alert list of suspicious virtual asset trading platforms.
According to Farside Investors monitoring, Bitcoin spot ETF saw a net inflow of $562.7 million yesterday. Furthermore, Bitcoin spot ETF has seen a cumulative net inflow of $7.9189 billion since its launch. Breakdown: IBIT: Cumulative net inflow of $8.3789 billion; FBTC: Cumulative net inflow of $5.2197 billion; GBTC: Cumulative net outflow of $9.2666 billion.
On January 11th, 11 BTC ETFs were approved, sparking a revival in the crypto market. Besides signaling positivity to the market, BTC ETFs have also brought in additional funds to the industry. According to SosoValue data, as of March 1st, the total net asset value of Bitcoin spot ETFs stood at $48.22 billion, with an ETF net asset ratio (market value as a percentage of total Bitcoin market value) of 3.91%. The historical cumulative net inflow has reached $7.35 billion. The impressive performance of BTC ETFs over the past 53 days has boosted market confidence, while simultaneously raising hopes for another milestone in the crypto sphere – the approval of ETH ETFs. According to Bloomberg data, the final decision date for the spot ETH ETF “VanEck Ethereum ETF” is set for May 23rd, making it the earliest one. Currently, there are a total of six spot ETH ETFs awaiting the SECs verdict.Industry Experts Perspectives on the Probability of ETH ETF Approval Jake Chervinsky, Chief Legal Officer at Variant Fund, believes that the approval of spot Ethereum ETFs is uncertain. Chervinsky stated, “Im not saying a spot ETH ETF wont be approved before May 23rd.” “Im just saying that legal issues and policy environment
The TEAMZ Web3/AI Summit is scheduled to be held over two days from April 13th to 14th, 2024, at Toranomon Hills in Tokyo, Japan. The summit will attract over 5,000 participants from Japan and the international Web3 industry to discuss the construction and development of the Web3 ecosystem. Summit homepage: https://en.web3.teamz.co.jp/ Summary of the 2024 Japanese Web3 Market Features/Key PointsIn 2024, the Japanese market will introduce an official stablecoin The key word for the Japanese Web3 market in 2024 is “stablecoin”. The Japanese governments Financial Services Agency (FSA) is preparing to approve an official Japanese stablecoin. Currently, several Japanese banks and technology giants, including Circle+SBI, GMO Trust, Mitsubishi Bank+Progmat+Ginco, are positioning themselves in the Japanese stablecoin market. With the introduction of the official Japanese stablecoin, this significant move not only solves the conversion issue between domestic fiat currency and digital cryptocurrencies but also greatly enhances the depth of cooperation between the Japanese Web3 industry and the international Web3 market. Changes in the tax system for corporations and individuals holding digital cryptocurrencies To prevent the outflow of excellent Japanese Web3 entrepreneurs and businesses, and to attract outstanding global Web3 companies to the Japanese market, the Japanese government abolished the tax on digital cryptocurrency valuation based on market value
Binances newly appointed CEO, Richard Teng, has released a letter titled “A Letter from the CEO: Leading Binances First 100 Days,” wherein he emphasized ensuring and upholding Binances user-centric principle across the entire business as a top priority since assuming office. As of now, Binance has amassed over 178 million registered users and recorded net inflows exceeding $3 billion from the end of November to the end of February, surpassing other competitors. On the institutional front, Binance has successfully initiated and executed the first-ever crypto industry bank tripartite arrangement, where institutional investors trading collateral is held by third-party banking partners in a regulatory-compliant manner. Over the past three months, Binance has made significant progress in licensing and authorization negotiations, and the completion of a comprehensive and independent SOC 2 Type II compliance audit has confirmed the effective design and implementation of control measures for system protection and data security on Binances global platform.
据 Token Unlocks 数据显示，3 月份 SUI、APT、ARB、APE、MANTA、PIXEL、IMX、ID、YGG、OP、PRIME 等代币将迎来大额解锁，总计释放价值预计将达到约 34.12 亿美元，其中： 1、Arbitrum 代币 ARB 将于 3 月 16 日 17:00 解锁 11.1 亿枚代币，价值约 21.5 亿美元，占流通供应量的 87.2%； 2、Aptos 代币 APT 将于 3 月 13 日 14:00 解锁 2484 万枚代币，价值约 2.287 亿美元，占流通供应量的 6.76%； 3、Immutable 代币 IMX 将于 3 月 22 日 16:00 解锁 3419 万枚代币，价值约 1.08 亿美元，占流通供应量的 2.46%； 4、SUI 将于 3 月 3 日 16:00 解锁 3462 万枚代币，价值约 5746 万美元，占流通供应量的 2.81%； 5、Hashflow 代币 HFT 将于 3 月日 16:00 解锁 1362 万枚代币，价值约 573 万美元，占流通供应量的 3.79%； 6、CyberConnect 代币 CYBER 将于 3 月 15 日 14:00 解锁约 88.6 万枚代币，价值约 768 万美元，占流通供应量的 5.98%； 7、ApeCoin 代币 APE 将于 3 月 17 日 16:00 解锁 1560 万枚代币，价值约 2917 万美元，占流通供应量的 2.61%； 8、Manta Network 代币 MANTA 将于 3 月 19 日 1:30 解锁 667 万枚代币，价值约 1747 万美元，占流通供应量的 2.66%； 9、Pixels 代币 PIXEL 将于 3 月 20 日 2:00 解锁 5438 万枚代币，价值约 2633 万美元，占流通供应量的 7.05%； 10、Galxe 代币 GAL 将于 3 月 5 日 16:00 解锁 203 万枚代币，价值约 633 万美元，占流通供应量的 2.26%； 11、SPACE ID 代币 ID 将于 3 月 22 日 16:00 解锁 7849 万枚代币，价值约 4518 万美元，占流通供应量的 18.23%； 12、Yield Guild Games 代币 YGG 将于 3 月 28 日 6:00 解锁 1669 万枚代币，价值约 1067 万美元，占流通供应量的 5.51%； 13、SingularityNET 代币 AGIX 将于 3 月 28 日 16:00 解锁 884 万枚代币，价值约 609 万美元，占流通供应量的 0.69%； 14、Optimism 代币 OP 将于 3 月 29 日 20:00 解锁
Solana: Next Global Solana Foundation Hackathon Set to Launch on March 4th Solana Officially Announces the Next Global Solana Foundation Hackathon to Kick Off on March 4, 2024, and Conclude on April 8, 2024, Spanning Five Weeks. It is reported that this edition of the Solana Hackathon will be operated by the independent organization Colosseum, with registrations currently open.SEC Delays Approval Date for Fidelity Ethereum ETF to March 5th According to a document released on Thursday, the U.S. Securities and Exchange Commission (SEC) has extended the deadline for its decision on Fidelitys proposed spot Ethereum exchange-traded fund (ETF) to March 5th. The SEC stated, “The Commission believes that designating a longer period within which to take action on the proposed rule change is appropriate so that it has sufficient time to consider the proposed rule change and the issues raised therein.” Fidelity applied for the Fidelity Ethereum Fund in November, citing in its proposal a court ruling last year where a judge stated that the SEC failed to provide sufficient reasoning to reject spot crypto ETFs, while it had already allowed futures-based products at the time.ALT Airdrop for Celestia Stakers Ending on March 5th AltLayer posted an announcement on the X platform regarding updates to
According to Bloomberg, research from the University of Texas at Austin has found that “Pig-Butchering” scams have stolen over $75 billion globally over the past four years (from January 2020 to February 2024). The research tracked over 4,000 victim cryptocurrency addresses, with much of the funds being converted to the stablecoin Tether. This scam involves enticing investors to invest in cryptocurrencies through seemingly misdirected text messages, only to disappear afterward. The study indicates that the scam funds flow through centralized exchanges such as Binance, where they are converted into traditional currencies. This discovery reveals the widespread use of cryptocurrencies in large-scale fraudulent activities globally.
