Rhythm Morning Post | Bitcoin spot ETF trading volume reached US$10 billion, setting a new record for single-day trading volume; the entire network liquidated US$1.18 billion in the past 24 hours, mainly multiple orders
Selected News
1. Bitcoin broke through $69,000, hitting a record high, and has appreciated more than 23 million times since it was first priced;
2 . Bitcoin once fell below the US$60,000 mark this morning and has rebounded to above US$63,000;
3. SOL rose above US$140, continuing to hit a new high since May 2022;
4. OP rose to US$4.695, a record high;
5. Today’s Bitcoin spot ETF trading volume reached US$10 billion, setting a new single-day trading volume record
On March 5, market information showed that the value of the TokenFi token TOKEN was affected by the planned purchase of DWF Labs. Affected by the news of the $10 million token, the TokenFi token TOKEN rose by more than 20% in a short period of time and is now trading at $0.06783.
LUNA up Breaking through $1.5, the 24-hour increase expanded to 80%
On March 5, according to the OKX market, LUNA rose to break through $1.5 and is now trading at $1.51, with the 24-hour increase expanding to 80%.
BlockBeats previously reported that in a rare victory for imprisoned Terra co-founder Do Kwon, Montenegro’s appeals court cited “criminal It overturned a lower court decision in February to extradite him to the United States as a "major violation of procedural requirements."
On March 5, according to OKX market data, Bitcoin broke through $69,000 and hit a record high. It is now quoted at $69,005, a 24-hour increase of 4.46%, and the current market value is $1.351 trillion.
The Bitcoin genesis block was mined by Satoshi Nakamoto on January 3, 2009, on a small server in Helsinki, Finland. It was first priced by the market on May 18, 2010, when Laszlo Hanyecz, a programmer in Florida, purchased pizza (spending 10,000 BTC to purchase 2 slices for about $30). The initial transaction price was approximately $0.003. Today, Bitcoin has gradually appreciated more than 23 million times in value since it was first priced.
ETH/ The BTC exchange rate exceeded 0.056, with a 24-hour increase of 5.78%
On March 5, according to OKX market data, the ETH/BTC exchange rate exceeded 0.056 and is now trading at 0.05671, with a 24-hour increase of 5.78%.
SOL rises Breaking through $140, continuing to hit a new high since May 2022
On March 5, according to the OKX market, SOL rose above $140 and is now trading at $141.94, with a 24-hour increase of 7.97%, continued A new high since May 2022.
Cryptocurrency Related stocks fluctuated and fell, MicroStrategy (MSTR.O) fell more than 13%
On March 5, cryptocurrency-related stocks fluctuated and fell, MicroStrategy (MSTR.O) fell more than 13%, Marathon Digital (MARA.O) and Riot Blockchain (RIOT.O) fell more than 9%, and Coinbase (COIN.O) fell more than 1%. (Golden Ten)
Ethereum falls below $3,700 , the 24-hour increase narrowed to 2.78%
On March 6, according to OKX market data, Ethereum fell below $3,700 and is now trading at $3,680, with the 24-hour increase narrowing to 2.78% .
On March 6, according to market data, as Bitcoin hit a record high tonight and fell by more than 5%, Meme tokens also experienced general declines, among which:
BONK fell 26.79% in 24 hours and is now quoted at US$0.00002957;
FLOKI fell by 26% in 24 hours and is now quoted at US$0.00011873;
PEPE fell by 21.27% in 24 hours and is now quoted at US$0.00000644;
MEME fell 17.46% in 24 hours and is now quoted at $0.043725.
OP rise Hitting $4.695, a record high
On March 6, according to OKX market data, OP rose to $4.695, a 24-hour increase of more than 17%, setting a record high.
Bitcoin It once fell below the US$60,000 mark this morning and has now risen above US$63,000
On March 6, according to OKX market data, Bitcoin briefly fell below US$60,000 this morning and is now quoted at US$63,679, a 24-hour drop of 6.61%.
STRK Breakthrough 2.4 US dollars, a 24-hour increase of 36.33%
On March 6, according to OKX market data, STRK exceeded 2.4 US dollars, and is now quoted at 2.436 US dollars, with a 24-hour increase of 36.33%.
MAYC Flooring The price fell below the casting price, with a drop of 26.43% on the 7th
On March 6, according to Blur data, the floor price of MAYC fell below the casting price (3 ETH), and is now trading at 2.99 ETH. The single-day decline was 6.5%, and the seven-day decline reached 26.43%.
Bitcoin It briefly fell below $63,000, with a 24-hour drop of 7.75%
On March 6, according to OKX market data, Bitcoin briefly fell below $63,000, and is now quoted at $63,120, with a 24-hour drop. 7.75%.
DWF Labs will purchase $10 million worth of TokenFi tokens
On March 5, Floki’s assets were tokenized Platform TokenFi said DWF Labs will purchase $10 million worth of TokenFi tokens as part of its commitment to support TokenFi’s vision to become a dominant player in the tokenization industry. The token purchase will come from the TokenFi Treasury for a period of two years and will help TokenFi move aggressively and dominate in an increasingly competitive environment. It will also ensure that TokenFi has sufficient resources to develop innovative and competitive products, including products incorporating artificial intelligence (AI), such as TokenFi Generative AI for NFTs, TokenFi AI smart contract auditor, and more.
On March 5, according to Lookonchain monitoring, 2 whales withdrew from Binance during the decline of Bitcoin in the past 2 hours. 2272 BTC (approximately $150 million).
DWF Labs Deposited 7 million TOKEN to Gate, worth 585,000 US dollars
On March 5, according to AI Auntie’s monitoring, 40 minutes ago, DWF Labs recharged 7 million TOKEN to Gate, worth 585,000 US dollars. Dollar. Currently, DWF still holds 60 million TOKEN, worth US$5.02 million, making it its fourth largest holding. BlockBeats previously reported that DWF Labs will purchase $10 million in TokenFi tokens to support its development of artificial intelligence products.
On March 5, according to Arkham monitoring, Grayscale transferred to Coinbase Prime at around 22:20 Beijing time on March 5. More than 5,584 BTC were transferred to the Coinbase Prime address, worth approximately US$377 million. In addition, Grayscale also transferred 1,982 Bitcoins (worth approximately $134 million) to three new addresses, which are suspected to be Grayscale’s new custody addresses.
CryptoQuant: Before Bitcoin's new high, miner-related addresses transferred 1,000 BTC to Coinbase
On March 6, according to on-chain data released by CryptoQuant, before Bitcoin reached a new all-time high and plummeted, 1,000 Bitcoins worth approximately US$69 million were transferred to Coinbase. These addresses were more than ten years old. history, the research firm said the addresses were linked to miners. “Considering that trading platform order books show liquidity of 5 to 10 Bitcoins for every $100 price movement, selling 1,000 Bitcoins is likely to trigger a significant price drop,” said Bradley Park, an analyst at CryptoQuant. "Especially when traders are waiting to short Bitcoin's all-time high price, as they were on Tuesday."
ARK Invest reduced its holdings of Coinbase stocks by approximately US$24 million yesterday
March 6, Cathie Wood's ARK Invest reduced its holdings of 110,896 shares of Coinbase stock COIN on Tuesday (March 5), which is worth approximately US$24.03 million based on current prices.
Metallicus will launch Ethereum’s new L2 Metal L2
On March 5, Marshall, CEO of blockchain financial company Metallicus Hayner announced that the company will enter the second layer (L2) field of Ethereum, launch the Metal L2 project and use MTL (Metal DAO) as the governance token.
Fetch. ai launches US$100 million infrastructure investment project Fetch Compute
On March 5, Fetch.ai, a Web3 protocol focusing on artificial intelligence, announced the launch of a US$100 million infrastructure investment project. Fetch Compute", the project will deploy Nvidia H200, H100 and A100 GPUs to create a platform for developers and users to leverage computing power, aiming to enhance participants' ability to create advanced applications to deepen the foundation of the artificial intelligence economy . Starting March 7, 2024, users who stake Fetch.ai’s native token FET will be rewarded with Fetch Compute points, which can then be used to pay for GPU usage on the Fetch Compute network.
On March 5, according to official website data, the amount of participation in the public minting activity of Mantle Eco Meme Project Puff has exceeded 1,848 mETH. Among them:
The participation amount of Mystic potion NFT minted on the Ethereum main network reached 1137.497 mETH;
The amount of participation in the Mystic Potion NFT minted on Mantle L2 reached 711.263 mETH.
It is reported that users will have 3 days to cast the Mystic Potion. The first round of potion casting will be conducted on the Ethereum mainnet and can be used (m) Eth or stablecoins for minting, minimum 0.1 mETH. The project is a 5-part airdrop and storyline campaign taking place over 3 months. Puff holders will be faced with a final decision and can keep their Memecoin, or they can destroy it and receive a new non-Meme coin (details to be announced at that time).
BlockBeats Note: The Meme project token itself does not have any use cases. Users are advised to pay attention to risk screening.
Grayscale Launched the dynamic income fund GDIF, including 9 assets such as SOL and TIA
On March 6, Grayscale announced the launch of the dynamic income fund (GDIF) to earn income by pledging cryptocurrency. The new fund will initially support nine blockchain assets: Aptos (APT), Celestia (TIA), Coinbase Collateralized Ethereum (CBETH), Cosmos (ATOM), Near (NEAR), Osmosis (OSMO), Polkadot (DOT) , SEI Network (SEI) and Solana (SOL). The fund aims to distribute awards in U.S. dollars on a quarterly basis. Michael Sonnenshein, CEO of Grayscale, said: “As our first actively managed fund, GDIF is an important expansion of our product suite, allowing investors to participate in multi-asset staking through the convenience and familiarity of a single investment vehicle.”
On March 6, according to the official announcement of WOOFi, at 23:49 Beijing time on March 5, Arbitrum controlled the WOOFi transaction price. The sPMM algorithm was utilized. The exploit consisted of a series of flash loans that took advantage of low liquidity to manipulate the price of WOO in order to repay the flash loans at a cheaper price. The exploiter borrowed approximately 7.7 million WOO along with a number of other assets and sold the WOO to WOOFi. At this time, WOOFi's sPMM mistakenly adjusted WOO to an extreme price close to zero, and then the exploiter exchanged 10 million WOO in the same transaction at almost no cost. The exploiter repeated the attack three times within a short period of time, making a profit of approximately $8.75 million after returning the flash loan. WOOFi said efforts to recover the funds have been initiated and a 10% white hat bounty is being offered to exploiters.
On March 5, based on the regular wallet Maintenance work, Binance announced a large transfer of Bitcoin (BTC) to a new address. The exchange emphasized that these target addresses are publicly listed in its proof of reserves. In addition, Binance pointed out that during this transfer, investors will observe the flow of Bitcoin funds to a new change address, but this does not represent an outflow of funds.
On March 5, Binance announced that due to a technical error, some users are currently unable to withdraw cryptocurrency. The technical team is working hard to fix this problem and restore the withdrawal service to normal operation as soon as possible. Binance also emphasized that users’ funds are safe and sound (SAFU). Users are asked to wait patiently and Binance will update the service recovery situation in a timely manner.
Binance: Platform withdrawals have been restored Normal
On March 5, Binance stated that platform withdrawals had returned to normal. Binance added that currently pending withdrawals may be declined within the next 30 minutes. In this case, please resubmit your withdrawal request.
Binance Financial Management , flash swap, and leverage are launched on Dogwifhat (WIF)
On March 5, Binance’s financial management and flash swap trading platform has launched the new asset Dogwifhat (WIF). In addition, Binance will launch WIF on the leverage and fixed investment platforms at 00:00 on March 6, 2024 (Eastern Eighth District time) and 11:00 on March 7, 2024 (Eastern Eighth District time).
Singapore’s Temasek is in investment negotiations with OpenAI CEO Sam Altman
On March 5, according to the British "Financial Times" According to reports, Singapore’s state-owned investment institution Temasek Holdings is in investment negotiations with Sam Altman, CEO of ChatGPT development company OpenAI. This will be the first time a group with a state background has invested in OpenAI. Senior Temasek executives have met with Altman multiple times in recent months, and discussions have been preliminary but ongoing, with no agreement on the size of any investment yet, according to people familiar with the matter. The talks come as Altman seeks funding to launch a semiconductor business aimed at reducing reliance on cutting-edge chips made by Nvidia.
Although OpenAI's revenue has grown significantly since the launch of ChatGPT in November 2022, Altman said that OpenAI is still struggling due to the huge cost of building and training its models. At a loss. Temasek's investment interest reflects its increasingly global footprint over the past decade, with the investment firm now holding a $287 billion global portfolio that includes some of the top tech startups. OpenAI is currently backed by $13 billion from Microsoft (its largest investor), as well as several venture capital groups including Thrive Capital, Sequoia Capital, Tiger Global Management and Andreessen Horowitz.
On March 5, institutional crypto wallet provider Utila announced the completion of US$11.5 million in financing, led by NFX, Wing Venture Capital, and Framework Ventures. Fasanara Digital Ventures, North Island Ventures, Republic Capital, Liquid2, Inspired Capital, Lyrik Ventures, DCG Expeditions, Launchpad Capital, Shima Capita, K5 Global, Big Brain Holdings and Impressive, as well as angel investors including Balaji Shrinivasan participated. Utila is designed to help institutions and crypto companies manage their digital asset holdings in a non-custodial, secure crypto wallet compatible with multiple blockchains. It uses multi-party computation (MPC) technology to distribute a single private key to multiple parties, thereby eliminating single points of failure.
Solana Ecology DePIN protocol io.net completed US$30 million in Series A financing, led by Hack VC
On March 5, Solana ecosystem DePIN protocol io.net announced the completion of US$30 million in Series A financing, led by Hack VC led the investment, Multicoin Capital, 6th Man Ventures, M13, Delphi Digital, Solana Labs, Aptos Labs, Foresight Ventures, Longhash, SevenX, ArkStream, Animoca Brands, Continue Capital, MH Ventures and OKX, and included Solana founder Anatoly Yakovenk, Industry leaders including Aptos founders Mo Shaikh and Avery Ching, Animoca Brands founder Yat Siu and Perlone Capital’s Jin Kang participated in the investment. Funds raised will be used to build the world’s largest decentralized GPU network and address the AI computing shortage. BlockBeats previously reported that the Solana-based DePIN protocol io.net launched the first phase of its points reward program on March 1. The program, called Ignition, runs until April 28. The program will award points based on the GPU users provide to the network.
On March 5, decentralized artificial intelligence network Sahara completed US$6 million in seed round financing, led by Polychain Capital, and Samsung Next , Matrix Partners, Motherson Group, dao5, Geekcartel, Canonical Crypto, Nomad Capital, Dispersion Capital, Alumni Ventures, Tangent Ventures and Coho Deeptech and angel investor Sandeep Nailwal participated in the investment.
Professor Sean Ren, co-founder and CEO of Sahara, said: "The cooperation between humans and artificial intelligence is at a turning point, and artificial intelligence is supported by human data. " It is reported that Sahara is a trustless, permissionless and privacy-centered network that can create customized autonomous knowledge agents (Sahara KA) for individuals and enterprises. By leveraging this decentralized network, everyone can leverage their intellectual capital to explore monetization and automation opportunities through artificial intelligence.
Data: etherfi TVL exceeded US$2 billion
On March 5, according to official data, Ethereum liquidity increased again Staking protocol etherfi TVL has exceeded $2 billion.
On March 6, Fortune magazine reported that the U.S. Securities and Exchange Commission (SEC) had previously filed a lawsuit against Binance. In a court document released on Tuesday in December last year, it stated that the chief operating officer of Binance.US Official Christopher Blodgett revealed that since June last year, Binance.US has had to lay off more than 200 employees, equivalent to two-thirds of its total workforce, due to SEC actions. “Binance.US’s trading volume and business in general have collapsed,” Christopher Blodgett said in testimony, noting that the trading platform’s revenue fell by about 75% after the SEC sought an injunction to freeze assets last June. A spokesperson for Binance.US did not immediately respond to a request for comment.
Data: The negative premium rate of Grayscale ETHE has narrowed to 8.72%
On March 6, according to Coinglass data, the current negative premium rate of Grayscale ETH Trust Fund (ETHE) is 8.72%; ETC The trust’s negative premium rate is 40.87%.
Ethereum The network gas fee has soared to 202 gwei
On March 6, according to Etherscan data, the current Ethereum network gas fee has soared to 202 gwei.
On March 6, according to Coinglass data, the entire network was liquidated to US$1.18 billion in the past 24 hours, with multiple orders being liquidated. 894 million U.S. dollars, and short positions were liquidated to 286 million U.S. dollars.
Bitcoin The volatility index rose to 78.81 yesterday, close to the highest value in a year
On March 6, the BitVol (Bitcoin Volatility) Index launched by the financial index company T3 Index in conjunction with the Bitcoin options trading platform LedgerX rose to 78.81 yesterday, only lower than the highest record within a year of 79.92 set on March 4.
BlockBeats Note: The BitVol Index measures 30-day expected implied volatility derived from tradable Bitcoin options prices. Implied volatility refers to the volatility implied by the actual option price. It uses the B-S option pricing formula to derive the volatility by substituting the actual price of the option and other parameters except volatility σ into the formula. The actual price of options is formed by competition among many option traders. Therefore, implied volatility represents market participants’ views and expectations for the future of the market, and is thus considered to be closest to the true volatility at that time.
On March 6, Bloomberg ETF analyst James Seyffart said that ten U.S. Bitcoin spot ETF orders today Daily trading volume reached US$10 billion, setting a new historical record since launch.
On March 6, according to CME "Fed Watch" data, the Federal Reserve kept interest rates at 5.25%-5.50 in March The probability of keeping the % range unchanged is 97.0%, and the probability of cutting interest rates by 25 basis points is 3.0%.
Data: The DeFi TVL of the entire network has returned to above US$100 billion
On March 6, according to DefiLlama data, the DeFi TVL of the entire network has returned to above US$100 billion, currently about US$105.26 billion. Hitting a new high since June 2022.
Cryptocurrency Fear and Greed Index Reaching 75, market greed has dropped slightly
On March 6, according to Alternative data, today’s cryptocurrency panic and greed index was 75 (yesterday was 90), and market greed has dropped slightly. 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%).
Do Kwon wins appeal against extradition to U.S.
March 5, according to a report released Tuesday In a rare victory for jailed Terra co-founder Do Kwon, Montenegro's appeals court overturned a February lower court decision to extradite him to the United States, citing "significant irregularities under criminal procedure," the statement said. Last month, Kwon appealed the ruling to extradite him to the United States.
US SEC Claims in new court filing that Binance.US did not fully disclose information as required
On March 6, according to CoinDesk, lawyers for the U.S. Securities and Exchange Commission (SEC) stated in a court filing on Tuesday that Cryptocurrency trading platform Binance.US has not fully complied with the commission’s requests for information about its customers’ assets and other matters, according to the complaint. Binance.US failed to comply with the terms of a consent order with the trading platform and its global parent company. The regulator said Binance.US failed to demonstrate to the SEC’s satisfaction that Binance employees around the world were unable to access U.S. customers’ assets. Binance.US said in the same filing that it had answered all of the SEC’s questions and that further discovery requests exceeded the limits of the consent order.
Coinbase refutes U.S. SEC’s Use of default judgment in former product manager insider trading case
On March 6, according to The Block, Coinbase countered that the U.S. Securities and Exchange Commission (SEC) used a ruling in an insider trading case to Intensifying lawsuit against the cryptocurrency trading platform. In a notice filed Tuesday, Coinbase said the default judgment should not have effect. A U.S. judge last week issued a default ruling in the insider trading case of a former Coinbase product manager, stating that trading certain crypto assets on the secondary market constitutes securities trading. According to Tuesday’s filing, Coinbase said the default judgment should not be considered to be of any significance.
US SEC Postponing a decision on Fidelity’s Ethereum spot ETF application
On March 6, according to CoinDesk, the U.S. Securities and Exchange Commission (SEC) postponed a decision on Fidelity’s Ethereum spot ETF application. resolution.
ShapeShift with The U.S. SEC reached a settlement on charges that it sold crypto securities
On March 6, according to CoinDesk, the U.S. Securities and Exchange Commission (SEC) investigated a cryptocurrency exchange that once operated in Denver, Colorado. Platform ShapeShift filed a cease-and-desist order, accusing it of operating as an unregistered broker of cryptocurrencies, which are securities, until 2021. Although ShapeShift has shut down its U.S. trading platform operations, as part of Tuesday's filing, the SEC said it would accept ShapeShift's proposed settlement, which includes paying a $275,000 penalty and agreeing that the company will no longer violate securities exchange laws. The filing states that ShapeShift offers "at least 79 cryptoassets" to its customers, including "assets sold as investment contracts," although it does not specifically list which digital assets are securities.
Nexo gets crypto provided in Dubai Preliminary approval for services
On March 6, FinanceFeeds reported that cryptocurrency lender Nexo AG has received approval from the Dubai Virtual Assets Regulatory Authority (VARA) for its various cryptocurrency-related activities. preliminary approval. With the upcoming license, Nexo plans to offer a range of services in Dubai such as brokerage, lending, management and investment services. However, before Nexo can start operating in Dubai, the company must first meet additional conditions and localization requirements set out by VARA, as well as further regulatory reviews and approvals.
Braiscompany Founder People were arrested in Argentina
On March 6, FinanceFeeds reported that a couple was suspected of planning a crypto Ponzi scheme Braiscompany in Argentina and transferring more than $400 million in cryptocurrency in Brazil. and was arrested. With assistance from Argentina's federal police and Interpol, the operation succeeded in locating the pair, despite using false identities. The man, known as "Joao Felipe Costa" in Argentina, is actually Antonio Inacio Da Silva Neto, one of the founders of Braiscompany, according to local media reports. They are currently detained in Argentina, awaiting extradition orders to be transferred to Brazil for incarceration.
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