The Block
The elevated bitcoin futures basis to levels not seen since late 2021 is seen as a bullish indicator for the bitcoin market, an analyst said.
Quick Take The Dubai International Financial Centre has announced the enactment of its new Digital Assets Law. The legislation aims to ensure the DIFC keeps pace with technological developments and to provide legal clarity for investors and users of digital assets.
Quick Take The purported owner of the now famous dog known for wearing a hat is selling an NFT of her. The dog spurred a memecoin called dogwifhat, which now ranks 49th by market cap.
Cetera has approved the usage of BlackRock’s IBIT, Fidelity’s FBTC, Franklin Templeton’s EZBC and Invesco’s BTCO spot bitcoin ETFs for its network of 9,000 affiliated financial professionals.The approval came following the financial advisory firm’s latest policy and guidance update on Thursday, with training for professionals regarding the bitcoin investment products starting on March 25.
Net inflows to U.S. spot bitcoin ETFs slowed to their lowest level this month on Thursday as bitcoin’s price retreated sharply from its latest all-time high.The spot bitcoin ETFs also witnessed their third-largest day by trading volume as cumulative volume since launch reached $136 billion.
The price of bitcoin has dropped by over 8% in the past 24 hours, hovering above the $67,000 mark.The latest price correction has impacted long positions, with over $278 million in bitcoin longs liquidated.
The Avalanche Foundation has revealed its first five community coin holdings. The holdings include meme coins such as Coq Inu, Gecko, Kimbo, NoChill, and Tech, as part of its Culture Catalyst program.
Quick Take The DeFi project’s valuation is expected to reach $1.5 billion upon completion of the funding round. The team previously said it is set to launch its mainnet in the second quarter of 2024.
Quick Take El Salvador President Nayib Bukele said the cold wallet is stored in a physical vault in the country. Bukele revealed the wallet address that holds 5,689.69 BTC.
Solana cryptocurrency’s market capitalization crossed $81 billion on Friday morning in Asia, surpassing its previous high of $77.4 billion in November 2021.Solana blockchain recently reached its all-time high for the daily number of new addresses on the network, The Block’s Data Dashboard showed.
