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Grayscale was holding about 619,220 BTC when the spot ETFs started trading, worth over $28.5 billion at the time.On May 29, IBIT took that top spot, dethroning Grayscale as the spot bitcoin ETF with the most assets.We now have a benchmark for how long it took Grayscale to fall from the largest AUM on the bitcoin side, and now time will tell if it’s longer or shorter on the ether side.
Quick Take The following is an excerpt from The Block’s Data and Insights newsletter.
PlanB said his predictions for bitcoin’s price movement in 2024 and 2025 have not changed since he revealed them in October 2022.
Check out Cramer’s latest controversial crypto allegation and the following reaction from industry participants.
- 14:33DeFi TVL has completely retraced the gains since Trump was elected President of the United States, falling more than 45 billion dollars from its previous peakPANews reported on March 10th, according to Cointelegraph, since Trump was elected President of the United States in November 2024, the total value locked (TVL) in DeFi protocols has completely retraced its previous gains. Analyst Miles Deutscher pointed out that since the US election, DeFi TVL once soared to $138 billion on December 17th but had fallen back to $92.6 billion by March 10th. As the meme coin craze subsided, Solana became a target of criticism while Ethereum also faced challenges during recent cycles and failed to set new historical highs. Bitcoin broke through $109k on Trump's inauguration day (January 20). Data from DefiLlama shows that Ethereum's TVL has dropped by $45 billion from its cycle high point. Despite positive developments in the industry such as the launch of physical ETFs in the U.S and Trump signing an executive order establishing strategic bitcoin reserves, Ethereum's all-time high of $4787 set in November 2021 has not been surpassed yet.
- 14:01HIVE Digital Technology: 89 BTC mined in FebruaryOdaily Planet Daily reports that Nasdaq-listed Bitcoin mining company HIVE Digital Technologies has released its February Bitcoin update report, which reveals that it mined 89 BTC in February and its portfolio reached a position of 2,620 BTC.
- 13:59Overview of Important Developments on the Evening of March 1012:00-21:00 Keywords: STRATEGY, Cayman Islands 1. STRATEGY applies to issue preferred shares valued up to $21 billion; 2. Thai regulators have approved the acceptance of USDT as an approved cryptocurrency; 3. Market news: Japan's cryptocurrency reform bill will be submitted to the parliament after cabinet approval; 4. The Cayman Islands updates its cryptocurrency regulatory framework, requiring virtual asset platforms to obtain CIMA licenses to provide services.