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The Bitcoin ETFs appear to have opened many institutions’ eyes to Bitcoin as an alternate asset. Will the April halving accelerate the trend?
Dencun, the biggest upgrade since the Merge, has just gone live on the Ethereum network.
Crypto investment products have smashed the yearly inflow record after just three months of trading in 2024, adding more than $12 billion globally, according to CoinShares.Inflows of nearly $1.8 billion this week alone were enough to break the prior record of $10.6 billion for all of 2021 — dominated by the success of the new U.S. spot bitcoin ETFs.
Bitcoin climbed above $73,000 following surging inflows into newly launched ETFs. ETF daily inflows reached a record $1.05 billion on March 13, surging 108% from the previous day. Bernstein’s analysts are confident Bitcoin will reach the $150,000 price target by 2025.
Two whales have accumulated a total of 348,551 UNI tokens since March 1. The AO on the UNI/USD daily chart indicated a downward momentum, suggesting a price decline. Buying pressure and a potential altcoin season could send UNI’s price to $20.
A recent downtrend in the NFT market has resulted in a decrease in the floor price for major collections such as Bored Ape Yacht Club and Pudgy Penguins.Activity in Ethereum-based NFT marketplaces has declined on a month-on-month basis, according to data from The Block.
- 03:56Pump.fun has accumulated nearly 230 million US dollars in revenue, with a total of approximately 3.74 million tokens deployedAccording to Dune data, pump.fun has accumulated revenue close to 230 million dollars ($228,908,720), with a total of approximately 3.74 million tokens deployed.
- 03:53Victory Securities: Funding Rates fall by half, the short-term direction of Bitcoin is not one-sidedVictory Securities Deputy Chief Operating Officer Zhou Lele stated in an analysis that the risk of macro and high-level negative impacts on the cryptocurrency market has passed, with more risks now focusing on expected returns. For example, after media reports about the "Government Efficiency Department" (abbreviated as DOGE) led by American entrepreneurs Musk and Ramaswami, Dogecoin ($DOGE) only increased by 5.7%, while it surged 83% in the week when US election results were announced. Last week saw a net inflow of $1.67 billion into off-exchange Bitcoin ETFs, with exchange contracts and CME contract holdings remaining high. However, funding rates have halved and fallen back, indicating that Bitcoin's short-term direction is not one-sided; bears are also accumulating strength.
- 03:45Aave's deposit amount reaches 30 billion US dollars, ranking alongside the world's 64th largest bankBitwise CEO Hunter Horsley posted on X saying: "Aave's continuous growth is impressive, with its deposits now reaching 30 billion US dollars, surpassing the deposit amounts of thousands of American banks. If Aave were considered a bank, it would be the 64th largest in the world based on deposits. The future lies on-chain."
