Sunday, March 10, 2024
In the latest issue of Weekly Crypto Digest, read more about how Bitcoin reached new all-time high, SEC postponed Ethereum ETF, SpaceX and Tesla BTC wallets were found, and more news.
On March 5, the BTC exchange rate surpassed the $69,000 mark and renewed the historical maximum reached in November 2021. At the time of writing, the Bitcoin price is $69,778.
Ethereum has also grown and is trading at $3931.
Most altcoins have seen growth, and the top 10 by capitalization look like this:
1. Bitcoin (BTC) - $1.37T
2. Ethereum (ETH) - $472.11B
3. Tether (USDT) - $101.95B
4. BNB - $82.02B
5. Solana (SOL) - $64.32B
6. Lido Staked Ether - $38.65B
7. Ripple (XRP) - $34.11B
8. USDC - $26.15B
9. Cardano (ADA) - $25.79B
10. Dogecoin (DOGE) - $24.96B
The US Securities and Exchange Commission (SEC) has extended the review period of BlackRock's application to launch a spot Ethereum-ETF.
The regulator made the same decision regarding a proposal similar to Fidelity's.
The Commission will continue to collect comments from the public.
Both investment giants have applied to register exchange-traded funds based on the ETH spot price in November 2023.
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Analytical platform Arkham Intelligence discovered Bitcoin wallets of Elon Musk's companies. We are talking about the companies Tesla and SpaceX, whose addresses users can now track.
SpaceX has 8,290 BTC on its balance sheet at 28 addresses, which is estimated at $554 million in monetary terms.
Tesla's Bitcoin reserves contain 11,510 BTC at 68 addresses. In monetary terms, the electric car manufacturer's digital assets reach $769 million.
From March 1 to 9, 39 projects attracted investments in the total amount of $224.3 million.
The top 5 projects in terms of the amount of funding received were:
Zama $73 million
io.net $30 million
Baanx $20 mln
Taiko $15 million
Utila $11.5 million
Grayscale Investments, a company that manages crypto assets, has announced the launch of an investment fund in which income will be generated by staking digital currencies.
The structure will be operated by a subsidiary company called Grayscale Advisors.
The firm used "qualitative and quantitative factors," including staking reward, market capitalization, and liquidity, to select assets backed by Grayscale Dynamic Income Fund (GDIF).
The fund's portfolio initially consists of nine tokens: Aptos (APT), Celestia (TIA), Coinbase Staked Ethereum (CBETH), Cosmos (ATOM), Near (NEAR), Osmosis (OSMO), Polkadot (DOT), SEI Network ( SEI), and Solana (SOL).
It is planned that income distribution and rebalancing will take place quarterly.
The Fed is not ready to launch a digital dollar and is not interested in the form that will enable the surveillance of citizens. This was stated by the head of the department, Jerome Powell, during hearings in the US Senate.
During the hearing, Powell cited the digital yuan as an example of concerns that a retail CBDC would allow governments to monitor citizens and "see all transactions." According to the head of the Fed, this is "not what the agency stands for."
According to him, although it is still too early to even think about the launch of the digital dollar, in any case, it will be done through the banking system.
According to the Atlantic Council tracker, work on creating a national digital currency is underway in 131 countries worldwide. Governments in 13 developing nations have already launched CBDCs.
Also read our latest article The Future of Finance: How Blockchain is Revolutionizing Investment.
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