The Block
Bitcoin has surpassed silver to become the eighth largest asset by market cap.The price of bitcoin increased above the $71,000 mark on Monday, setting a new all-time high.
BlackRock’s IBIT spot bitcoin ETF has exceeded $10 billion in inflows after just two months of trading.The newborn nine spot bitcoin ETFs — excluding Grayscale’s converted GBTC fund — also topped $20 billion worth of inflows on Friday, with net inflows now totaling over $9.5 billion.
ARK Invest sold 580,000 Coinbase shares last week.This was the firm’s second-largest weekly COIN sale since July 2023.
Quick Take The proposal to donate up to $1.28 million in crypto toward Tornado Cash developers Roman Storm and Alexey Pertsev has been deleted by its author. The removal was due to concerns about legal risks. The proposal is currently being reworked.
The London Stock Exchange will start accepting applications for bitcoin and ether crypto exchange-traded notes (ETNs) in the second quarter of this year.Such crypto ETNs would allow investors to trade securities that track crypto assets on the exchange.
The price of bitcoin has risen above the $70,000 price point.This is the second time this has happened in its history.
Quick Take South Korea plans to build a crypto-focused asset management system by 2025 to prevent tax evasion. The country’s crypto gains tax is scheduled to go into effect in January 2025.
In the first two months of 2024, phishing incidents resulted in losses amounting to $104 million. This included $57.7 million lost to phishing attacks in January and $46.8 million during February.
Quick Take Over the past month, the amount of U.S. dollars locked in payment channels in Bitcoin’s second-layer Lightning Network has surged by 37%, though bitcoin capacity has declined around 5% over the same period.
Quick Take PROOF and Moonbirds co-founder Kevin Rose sold off several high-value NFTs on March 9, but denied assertions that he’s leaving the Web3 space entirely in a post on X.
