Headlines
▌Bitcoin broke through the US$68,000 mark, rising by more than US$5,000 within the day
Market data shows that Bitcoin broke through the US$68,000 mark, rising by more than US$5,000 within the day, pointing to a record high of US$69,000.
▌The daily trading volume of the US spot Bitcoin ETF exceeded US$5.5 billion, the second highest in history
Data compiled by Bloomberg analyst Eric Balchunas show that as of the close of U.S. stocks on Monday, the daily trading volume of the U.S. spot Bitcoin ETF exceeded $5.5 billion, the second highest in history. Among them, BlackRock's IBIT trading volume alone has reached US$2.4 billion, and its asset management scale has exceeded US$1.1 billion.
Other trading volume data are:
Grayscale: $1.5 billion; Fidelity: $1 billion; ARK: $245 million; Bitwise: $163 million ; VanEck: $27 million; Invesco: $25 million; WisdomTree: $16 million; Franklin Templeton: $16 million; Valkyrie: $5 million.
Quotes
As of press time, according to coinmarketcap data:
The recent transaction price of BTC was 68,169.5 US dollars, with fluctuations during the day. Frame+2.53%;
ETH Recent The transaction price was US$3,622, and the intraday increase or decrease+1.77%< /strong>;
BNB’s recent transaction price was US$418.6, with an intraday increase or decrease-0.12< /strong>%;
ORDI’s recent transaction price was US$87.244, with intraday gains and losses+2.09%;
DOGE’s recent transaction price was US$0.1823, with intraday gains and losses+6.54%;
SOL’s recent transaction price was US$132.89, with intraday gains and losses +0.96%.
Policy
▌US SEC postpones BlackRock spot Ethereum ETF makes a resolution
A public document shows that the U.S. Securities and Exchange Commission (SEC) has postponed a resolution on the BlackRock Spot Ethereum ETF.
▌Fantom Foundation: The Singapore court made a default judgment against Multichain and will request the court to liquidate the Multichain Foundation< /p>
The Fantom Foundation announced that after all attempts to contact the former directors and key personnel of the Multichain Foundation failed, the Fantom Foundation filed a lawsuit against the Multichain Foundation, accusing it of breach of contract and liability to the Foundation. Fraudulent misrepresentation of losses suffered. On January 30, 2024, Tan Boon Heng, Registrar of the General Division of the High Court of Singapore, issued a default judgment in favor of Fantom.
In the coming months, Singapore courts will quantify the losses suffered by the Fantom Foundation. Once damages have been assessed, the Foundation will issue a legal demand to Multichain for payment of the amount assessed by the court. Given Multichain's continued absence, it is not expected that this will occur, at which time the Foundation will petition the courts to liquidate the Multichain Foundation and appoint a liquidator (the equivalent of a U.S. Chapter 7 bankruptcy).
The Liquidator, acting on behalf of all affected parties, will have the expertise to trace and recover assets, as well as to recover and recover bridge assets, assess and manage claims and allocate any recovery funds. Legal power. The liquidator will also have court-authorized authority to act on behalf of the Multichain Foundation to assist in the recovery of community assets, including frozen stablecoins totaling approximately $65 million.
Blockchain Applications
▌Tucows, Hiro and Trust Machine partners to launch new entity Orange Domain
Bitcoin application ecosystem development company Trust Machines has launched a new entity Orange Domains with its partners Tucows and Hiro Systems to integrate Web3 with traditional technologies. seams to connect. Orange Domains will expand the capabilities of the Bitcoin Domain Name System (BNS) with decentralized applications and develop new domain name (TLD) services to better connect traditional Domain Name System (DNS) with Web3 digital identities.
It is reported that the BNS domain name is built based on Bitcoin, using Stacks, Bitcoin L2 and smart contracts. It currently allows anyone to purchase a .btc Web3 identity and complete the registration on the Bitcoin blockchain .
▌Aptos Foundation launches Web3 identity solution Aptos Keyless
The Aptos Foundation announced the launch of Aptos Keyless, a Web3 identity solution that reportedly enables keyless accounts on Aptos via the owner’s existing OIDC account (i.e. their account with an OIDC provider such as Google, GitHub or Apple) Web2 account) rather than with unmanageable keys.
Cryptocurrency
▌< /strong>MicroStrategy plans to issue US$600 million in convertible senior notes, and the net proceeds from the sale will be used to increase its holdings of Bitcoin
According to the official announcement, MicroStrategy intends to increase its holdings of Bitcoin according to the market conditions and other factors, in the private placement of $600 million in aggregate principal amount of convertible senior notes due 2030 to qualified institutional buyers. MicroStrategy also expects to grant to the initial purchasers of the notes an option to purchase up to an additional $90,000,000 in the aggregate principal amount of the notes for a period of 13 days beginning on and including the date when the notes are first issued. It is reported that this issuance is affected by market and other conditions, and there is no guarantee whether, when or under what conditions this issuance will be completed.
MicroStrategy said it intends to use the net proceeds from the sale of the notes to purchase additional Bitcoin and for general corporate purposes.
▌BlackRock applies to add Bitcoin ETF exposure to its Strategic Income Opportunities Fund
strong>
A public regulatory filing shows that after the U.S. stock market closed on Monday, BlackRock submitted documents for its Strategic Income Opportunities Fund (Strategic Income Opportunities Fund) investment portfolio to the U.S. SEC, applying to add Bitcoin ETF exposure.
The fund may purchase shares of exchange-traded products (ETPs) that are designed to generally reflect the price of Bitcoin by directly holding Bitcoin (Bitcoin ETPs), the document states. Performance, including Bitcoin ETPs issued and managed by affiliates of BlackRock."
▌VanEck Head of Digital Asset Research: ETH’s end of the year Will outperform BTC
Matthew Sigel, director of digital asset research at VanEck, said in an interview that by the end of the year, ETH will outperform BTC.
▌Celsius: Coinbase agrees Retry the failed return of funds
Celsius posted on the X platform that certain creditors allocated to Coinbase were informed that their return of funds could not be completed, and Coinbase has agreed to retry these distributions. In order to process the distribution, the creditor must have an active Coinbase account, which includes completing KYC verification. Please be patient as we continue to identify creditors and reattempt returns with the Coinbase team.
▌Affected by the surge in gas fees, the average cost of NFT transactions once approached US$400
The surge in prices in the entire cryptocurrency market has triggered a sharp increase in Ethereum gas fees. In the past 24 hours, Ethereum gas fees once exceeded 174 gwei, which pushed the average fee to complete an NFT transaction on Ethereum to more than $372.29, meaning users had to pay hundreds even if they exchanged profile pictures (PFP) between friends for free. dollars to complete the transaction.
Additionally, the cost of exchanging tokens on Ethereum is almost $220, and these costs may offset the potential profits from converting tokens.
< strong>▌10x Research Director: Bitcoin will reach an all-time high before the end of the week
10x Research Director Markus Thielen said that Bitcoin will reach an all-time high before the end of the week All time high. In a report titled "Bitcoin Price Action Surprises Everyone This Week," he said that "price action over the weekend is always worth watching, and while there have been attempts to liquidate leveraged long positions, there have been no sellers."
Among other bullish signs, Thielen also pointed to a significant decrease of 63,000 Bitcoins held on exchanges in the past 30 days. He said that the balance of Coinbase alone dropped from 400,000 coins to 372,000 coins in just one month.
Important Economic Updates
▌The probability that the Federal Reserve will keep interest rates unchanged in March is 97.0%
According to CME's "Fed Watch", the probability that the Federal Reserve will keep interest rates unchanged in the range of 5.25%-5.50% in March is 97.0%, and the probability of cutting interest rates by 25 basis points is 3.0%. The probability of keeping interest rates unchanged by May is 78.5%, the probability of a cumulative 25 basis point interest rate cut is 21.0%, and the probability of a cumulative 50 basis point interest rate cut is 0.6%.
▌U.S. stocks closed: The concept of digital currency surged, MicroStrategy rose 23%
U.S. stocks closed on Monday, and the Dow Jones Industrial Average initially closed It fell 100 points or 0.24%, the S&P 500 index fell 0.1%, and the Nasdaq fell 0.4%. New York Community Bank (NYCB.N) fell more than 23%, and Nvidia (NVDA.O) rose 3.6%, continuing to hit a record high. Digital currency concept stocks led the market, with Coinbase (COIN.O) rising by more than 11% and MicroStrategy (MSTR.O) rising by 23%. The Nasdaq China Golden Dragon Index closed down nearly 4%, Li Auto (LI.O) fell 13%, and Alibaba (BABA.N) fell more than 3%.
Golden Encyclopedia
▌Block Rewards
< p>Block rewards are a key component in supporting the decentralized nature of cryptocurrencies and have enormous symbolic and functional importance. Basically, block rewards are fees paid to crypto miners for adding authorized transactions to the network. This process, known as mining, involves completing challenging mathematical puzzles, increasing the network’s computing power and maintaining the integrity of the distributed ledger.
Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and not as actual investment advice. Please establish a correct investment philosophy and be sure to increase your risk awareness.
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