The Block
The price of bitcoin is unlikely to fall below $50,000 unless major events like negative spot bitcoin ETF flows occur, according to Mike Novogratz.Bitcoin is currently in price discovery mode, and it could reach $100,000, said the Galaxy Digital CEO.
Quick Take Ethereum’s Dencun upgrade was activated on the Ethereum mainnet. It has introduced “blobs” to reduce Layer 2 transaction costs.
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.
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.
Quick Take Blockaid co-founder Raz Niv discusses common scams and phishing attacks in crypto, and what can be done to avoid them.
Quick Take Liquid restaking protocol Swell will launch a Layer 2 rollup chain. It will be designed using the “restaked rollup” framework developed by AltLayer. The mainnet is planned for the second half of this year.
Quick Take Derivatives network Vega is offering support for futures trading of points. Two other platforms, Whales Market and Pendle, also offer markets for points trading.
BlackRock’s IBIT spot bitcoin ETF has reached $15 billion in assets under management just two months after the fund began trading.IBIT also witnessed its largest daily inflows on Tuesday — adding $849 million — with net flows into all the ETFs combined exceeding a record $1 billion.IBIT also dominated yesterday’s volume, generating a new record of $4 billion in trading.
Cathie Wood’s Ark Invest offloaded another 106,000 Coinbase shares on Tuesday — worth $27.2 million.The investment manager has offloaded nearly $100 million of the stock this week already as it continues to rebalance its fund weightings.
On March 12, net bitcoin ETF inflows hit over $1 billion.Blackrock’s IBIT product saw a record $849 million inflow.
