Rhythm Morning Post｜Bitcoin’s market capitalization surpassed Meta’s and jumped to the ninth place in global mainstream asset market capitalization; SEC postponed decision on BlackRock’s Ethereum spot ETF application
Selected news:
1. Bitcoin exceeded US$68,000, reaching a record high with only a 1.2% increase;
2. The total amount of USDT officially exceeded 100 billion, Hitting a record high;
3. The cryptocurrency panic and greed index reached 90, and the market fell into extreme greed;
4. The BTC L2 network Mirror L2 completed its first round of financing, and UTXO and other participants Investment;
5. SEC postpones decision on BlackRock’s Ethereum spot ETF application
PEPE rises above 0.0(5)8 US dollar, hitting another all-time high
BlockBeats news, on March 5, according to OKX market data, PEPE rose above $0.000008, setting another all-time high, with a 24-hour increase of 35.2%, and a weekly increase of 35.2%. Reaching 380%, the monthly increase reached 833.3%.
ORDI rises Hitting $95, a record high
BlockBeats news, on March 5, market data showed that ORDI rose to $95 and is now trading at $94.8, a record high.
Bitcoin Breaking through US$68,000, according to a record high, it only increased by 1.2%
BlockBeats news, on March 5, according to OKX market data, Bitcoin rose above US$68,000, and is now quoted at US$68,183. It only needs another 1.2% increase from current levels to reach a new all-time high.
SHIB rises Hitting $0.000044, up nearly 90% in 24 hours
BlockBeats news, on March 5, according to OKX market data, SHIB rose to $0.000044 and has now fallen slightly to $0.000041, a 24-hour increase of nearly 90%.
Ethereum Breaking through $3,600, a 24-hour increase of 4.2%
BlockBeats news, on March 5, according to OKX market data, Ethereum broke through $3,600 and is now quoted at $3,622, with a 24-hour increase of 4.2% .
CKB rises Hitting $0.0225, a 24-hour increase of 38.7%
BlockBeats news, on March 5, according to market data, CKB rose to $0.0225 and is now quoted at $0.0209, a 24-hour increase of 38.7%.
CryptoPunk 3100 was traded at 4,500 ETH, the second highest transaction price in the series
BlockBeats news, March 4 On the same day, according to information on the CryptoPunk website, CryptoPunk 3100 was sold at a price of 4,500 ETH (worth approximately US$16 million), setting the second highest transaction price in the series.
Curve founder’s associated address once again deposited $1.1 million CRV to Binance
BlockBeats news, on March 4, according to @ai_9684xtpa monitoring, the address associated with Curve founder Michael Egorov once again deposited $1.1 million in CRV to Binance. Since January 11, this address has deposited a total of 12.5 million CRV to CEX, with an average price of US$0.609 and a total value of US$7.61 million; this address still holds 2.5 million CRV.
Grayscale 7050 Bitcoins were transferred to Coinbase Prime 15 minutes ago
BlockBeats news, on March 4, according to Arkham data, Grayscale transferred 7050 Bitcoins to Coinbase Prime 15 minutes ago. Another 1,601 Bitcoins were transferred to two new addresses.
BlockBeats news, on March 4, according to Ember Monitor, a whale bought 285.8 Bitcoins from July to November last year, with an average purchase price of US$28,040, 2 hours ago , the address transferred all of it to Binance, with an estimated profit of $10.58 million.
BlockBeats news, on March 4, according to @ai_9684xtpa monitoring, the MEME market-making address two minutes ago Withdrawal of 8 million tokens from Binance, worth approximately $394,000. The address currently still holds 389 million tokens, worth a total of $19.23 million.
Sushi announced that it has launched Blast
BlockBeats news, on March 4, according to official news, DEX project Sushi announced that it has launched Layer2 network Blast. According to the announcement, Sushi’s integration with Blast brings Sushi’s v2 and v3 automated market makers (AMMs) to the Blast network. Sushi said that Blast’s revenue comes from ETH staking and the RWA protocol, WETH and USDB (Blast stablecoin) automatically generate revenue for end users, and when users deposit into the Sushi pool, the pool receives this revenue. In order to ensure part of the returns received by liquidity providers (LPs), Sushi will use Merkle to distribute returns to LPs in v3, and a solution for v2 is under development. Additionally, Blast points earned by LPs will be returned to them via a script designed to facilitate the distribution of points to LPs in the coming days.
The cross-chain DeFi protocol Entangle will launch its token NGL on the 13th
BlockBeats news, on March 4, according to the official announcement, the cross-chain DeFi protocol Entangle announced that it will list its token NGL on March 13. BlockBeats previously reported that on January 10, cross-chain DeFi protocol Entangle completed $4 million in seed and private placement rounds from Big Brain Holdings, Launch Code Capital, LBank Labs, Skynet EGLD Capital, Cogient Ventures, Owl Ventures, Faculty Group, Seier Capital and other institutions to participate in the investment.
BlockBeats news, on March 4, according to CoinDesk, Omni Network signed a $600 million agreement with the liquidity staking agreement ether.fi protocol, ether.fi will invest $600 million worth of Ethereum in the delegation protocol to ensure the security of the Omni Network. Omni and Ether.Fi have both committed to using EigenLayer’s pooled security model, and Ethereum will be staked on EigenLayer.
The cryptocurrency panic and greed index reached 90, and the market fell into extreme greed
BlockBeats news, March 5, Alternative data shows that today’s cryptocurrency panic and greed index is 90 (yesterday was 82), reaching 90 for the first time since February 2021, and the market has fallen into extreme greed. Note: The panic index threshold is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media popularity (15%) + market research (15%) + Bitcoin’s popularity in the entire market Proportion (10%) + Google hot word analysis (10%).
The total amount of USDT officially exceeded 100 billion, a record high
BlockBeats News, on March 5, according to official data, the total amount of USDT officially exceeded 100 billion, setting a record high.
Bitcoin’s market value hit a high of $1.303 trillion today, a record high
BlockBeats News , March 4, according to The Block data, after Bitcoin hit a high of $66,405 today, its circulating market value reached $1.303 trillion. This number has exceeded the record market value of $1.302 trillion in November 2021.
BlockBeats news, on March 5, according to 8marketcap data, as Bitcoin continues to rise strongly in recent times, its current market value has Reaching US$1.337 trillion, it surpassed Meta Platforms (previously Facebook, with a market value of US$1.27 trillion) and jumped to the ninth place in the world's mainstream asset market value.
Data: On March 4, GBTC outflowed 5,450 BTC, equivalent to approximately US$368 million
BlockBeats news, on March 5, according to data from BitMEX Research, GBTC outflowed 5,450 BTC on March 4. Approximately US$368 million.
BlockBeats news, on March 4, Variant Fund chief legal officer Jake Chervinsky stated on his social platform that relevant legal issues and policy environment make the SEC’s probability of rejecting the Ethereum spot ETF in May higher than generally expected. At the same time, Chervinsky also said that this does not mean that "the SEC will never approve it."
Bourn Stein Report: DeFi protocols will usher in an "explosive" recovery as Bitcoin rises
BlockBeats news, on March 4, Bernstein analysts Gautam Chhugani and Mahika Sapra reported in a Monday report pointed out that as Bitcoin approaches its all-time high, DeFi will see a "big bang" recovery. The reason is: This round of market conditions will bring more trading volume to various DEXs. With the introduction of the fee sharing mechanism of tokens in DeFi protocols represented by Uniswap, DeFi will change the unsustainable subsidized tokens of the previous cycle. The currency economy has turned to a real income model.
BTC L2 network Mirror L2 completed its first round of financing, with UTXO and others participating
BlockBeats news, March 4, BTC L2 network Mirror L2 announced the completion of its first round of financing. The specific amount has not yet been disclosed. This round of financing was participated by UTXO (Bitcoin magazine investment arm), Conflux and IMO Ventures.
Mirror L2 is a decentralized Proof of Stake (POS) BTC L2 network that is compatible with EVM and utilizes BTC as GAS. Its team has top academic background and project experience, coming from Microsoft, Google, MIT, Yao Class of Tsinghua University, Samsung, Hyundai, Conflux, Decus, etc.
Mirror has a grid-based group multi-signature system algorithm, realizing joint multi-signature governance of hundreds or thousands of nodes and truly decentralized Bitcoin staking. It also takes into account the multi-signature efficiency of Bitcoin pledge while ensuring the absolute security of pledge.
BlockBeats news, on March 4, according to Korean media hankyung, Web3 fan collaboration platform Hypercomic completed Series A financing, with Logan Ventures leading the investment. It is reported that The company’s valuation in this round of financing is close to 11 billion won (approximately US$8.26 million), and the specific financing amount has not been disclosed.
Privasea completed US$5 million in seed round financing, Binance Labs and others participated
BlockBeats news, on March 4, DePIN+AI project Privasea announced the completion of US$5 million in seed round financing. Early investment institutions include Binance Labs, MH Ventures, K300, Gate Labs, 1NVST, Zephyrus Capital, etc. It is reported that Privasea has integrated FHEML into the distributed computing power crowdfunding network and combined it with its independently developed DePIN mining machine to form an FHE computing power network that supports all L1 and L2. This round of financing will be used for the construction of the FHEML network and the promotion of the “Proof of Human” Dapp using FHE technology.
SEC delays action against Bailey Decision on Ethereum Spot ETF application
BlockBeats news, on March 5, according to official news, the SEC postponed a decision on BlackRock (BlackRock) Ethereum Spot ETF application.
BlockBeats news, on March 4, according to Lianhe News Network, Huang Tianmu, chairman of the Taiwan Financial Supervisory Commission, said that the Financial Supervisory Commission plans to In September this year, a draft law targeting virtual currencies was proposed. The purpose of this bill is to more effectively regulate the virtual currency market and ensure the safety of investors. In addition, Huang Tianmu also mentioned the issue of using virtual currency to commit fraud, indicating that strict administrative penalties will be imposed on individual currency dealers and overseas currency dealers. Regarding the possibility of Chinese people investing in overseas Bitcoin ETFs, Gao Jingping, deputy director of the Securities and Futures Bureau, said that relevant research results will be announced in April.
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