The Block
Spot bitcoin ETFs demanding 2,800 bitcoins each day while only 900 are produced during the same period is having a profound impact on the market, according to CoinShares.On Wednesday, bitcoin’s price briefly hit $64,000 on some exchanges.
MicroStrategy reached a high of $12.24 billion before falling down to around $11.7 billion.The firm’s bitcoin balance is the highest its ever been, as bitcoin’s price broke past $60,000 for the first time since October 2021.
Io.net is launching the first phase of its points reward program on Mar. 1.The rewards program comes as the Solana-based DePIN protocol expects to launch its token in April.
Ledn has expanded its crypto lending platform to support loans collateralized by ether.The move is partly designed to assist victims of Celsius’ bankruptcy with outstanding ether loans to refinance.
Quick Take Babylon has launched a testnet of its Bitcoin staking protocol. Early stakers on the Babylon testnet can get rewarded with NFT passes.
The price of bitcoin rose above the $60,000 mark, according to The Block’s Price Page.On Tuesday, net flows into spot bitcoin ETFs reached a multi-week high, with BlackRock’s IBIT registering its largest daily inflow to date.
Telegram is introducing ad revenue sharing and will pay out rewards using toncoin on the TON blockchain.It will be splitting ad revenue 50:50 with channel owners.
Ether exchange reserves on centralized exchanges have been declining since the beginning of 2024.The price of ether has held above the $3,000 mark since the beginning of the week.
Quick Take VanEck has launched SegMint — a self-custodial NFT marketplace and digital assets platform. The platform has an initial focus on crypto-native users in Europe and Asia and excludes residents or citizens of the United States.
Quick Take U.S. Sen. Elizabeth Warren (D-MA) said she wanted to “collaborate” with the crypto industry but renewed her stance that it must follow the same rules as traditional finance.
