Headlines
▌BOME broke through 0.011 US dollars, continuing to set a new historical high
The market showed that BOME exceeded 0.011 US dollars, It is now trading at US$0.0112, with a 24-hour increase of 403%, and the price continues to hit new highs. The market fluctuates greatly, so please control your risks.
▌El Salvador President Nayib Bukele announced the purchase of 1 BTC and deposited it in a cold wallet
El Salvador President Nayib Bukele said on social media that every day 1 Bitcoin plan, just deposited Bitcoin today. Data shows that the number of Bitcoins held by El Salvador reached 5,690.
Golden Finance previously reported that El Salvador President Nayib Bukele said that Bitcoin worth $400 million will be transferred to a cold wallet, which will be stored in a vault in El Salvador.
Quotes
As of press time, according to coinmarketcap data:
The recent transaction price of BTC was 69,555.47 US dollars, with fluctuations during the day. Frame-3.14%;
ETH Recent The transaction price was US$3755.94, and the intraday increase or decrease-3.66%;< /p>
BNB’s recent transaction price was US$620.12, with intraday changes +2.41%;
ORDI’s recent transaction price was US$71.75, with an intraday increase or decrease-7.99%;
The recent transaction price of DOGE was US$0.1641, with intraday changes -8.55%;
SOL’s recent transaction price was US$180.80, with intraday gains and losses+1.00%.
Policy
▌Coinbase strongly opposes senator’s urging to stop approval of cryptocurrency ETF
Coinbase Chief Legal Officer Paul Grewal has come out to criticize a letter written by two U.S. senators urging the U.S. Securities and Exchange Commission (SEC) to impose stricter regulations on Bitcoin exchange-traded funds and avoid approving any further Cryptocurrency ETF application. In a March 15 post, he challenged the claims of Senators Jack Reed and Laphonza Butler and defended the need to expand the ETF market to include assets other than Bitcoin.
▌U.S. prosecutors urge the judge to sentence SBF to 40-50 years in prison for fraud
According to market news, court documents revealed that U.S. prosecutors urged The judge sentenced SBF to 40-50 years in prison for FTX fraud and imposed $11 billion in fines and forfeitures.
Blockchain Applications
▌Opinion: The tokenization of industrial processes will bring about competition among companies. A revolution
Paul Brody, head of blockchain at Ernst & Young, said that the tokenization of industrial processes will bring a revolution to competition between companies of different sizes. Blockchain leverages tokenization and the flexibility of smart contracts to increase efficiency, and the results will have a huge impact on industries, regions, and supply chains.
▌NFT card game Parallel announces the launch of AI token PROMPT
NFT card game Parallel officially released the upcoming game Parallel Colony white paper, announcing The game will be launched on the Solana blockchain and the AI token PROMPT will be launched. PRIME stakers will receive 45% of the token supply within 3 years. In addition, Parallel also announced the full-chain tool "Wayfinder" for interaction on the AI chain.
▌NetMind.AI: Ethereum cross-chain integration has been completed
NetMind.AI announced that it has completed Ethereum cross-chain integration and NMT tokens are accessible The nature has been further expanded, marking the official introduction of NMT to the Ethereum blockchain. In addition, NetMind also integrates cross-chain and publishes its official NMT address.
▌Coinbase launches automatic wallet balance transfer application Prime Sweeper
Coinbase announced the launch of automatic wallet balance transfer application Prime Sweeper, providing a no-code solution that can be based on Predefined customer specifications automate asset transfers. Prime Sweeper is developed in Go. To facilitate a smooth setup process, Prime Sweeper includes a script that helps clients gather the necessary information to build client configuration files.
▌Canto, the first layer blockchain based on Cosmos, launches Cyclone Stack
Based on Canto, Cosmos’ first layer blockchain, launches the “Cyclone Stack” designed to scale and improve performance. It also reversed its previously announced plans to move to an Ethereum layer 2 network. Canto, a blockchain designed for decentralized finance (DeFi) applications, first announced in September that it would use Polygon’s Chain Development Kit (CDK) to become an Ethereum layer 2 network. However, the team clarified on Friday that it will continue to function as a layer-1 network based on Cosmos. Canto announced on Friday that it is moving forward with a new Cyclone Stack update, which includes three key upgrades, namely the Callisto upgrade, the Kallichore upgrade and the Elara upgrade.
Cryptocurrency
▌Runestone’s trading volume exceeded 186 BTC, and the floor price was temporarily reported at 0.0193 BTC
< p>Magic Eden data shows that the floor price of Runestone is temporarily quoted at 0.0193 BTC, and the total transaction volume reached 186.2345 BTC.
It is reported that Runestone was launched by early Ordinals player Leonidas. It is an open source, transparent, spontaneous and decentralized initiative designed to reward players who participated in the first year of the Ordinals protocol. All addresses that comply with the rules will receive the airdrop within 24 hours. The specific snapshot referenced is the activity before block height 826,600.
▌Unrealized gains from the U.S. government’s 210,000 Bitcoin reserves reached $14.4 billion
The U.S. government’s strategic accumulation of Bitcoin led to a significant increase in unrealized gains , the current value of its holdings is estimated at $14.4 billion. With 210,392 BTC, the United States is one of the largest Bitcoin holders in the world. Ki Young Ju, head of CryptoQuant, pointed out that several government agencies, including the U.S. Department of Justice and the Internal Revenue Service, have not traded any Bitcoin since July 2023, which has resulted in their unrealized profits reaching 2.4 times.
Arkham platform analysts estimate the government’s Bitcoin reserves at 215,245 BTC, which is approximately $14.8 billion. The wallet also holds other cryptocurrencies such as Ethereum, USDC, DAI, and USDT, not just Bitcoin.
▌Yesterday, GBTC had an outflow of US$139.4 million, and BITB had an inflow of US$20.5 million.
According to data from Farside Investors, on March 15 , Grayscale GBTC had an outflow of $139.4 million, Bitwise BITB had an inflow of $20.5 million, Franklin EZBC had an inflow of $2 million, WisdomTree BTCW had an inflow of $3.3 million, and ARK 21Shares ARKB had no inflows/outflows.
▌Other investors from around the world are pouring in due to the lower management fees of US spot Bitcoin ETFs
strong>According to CoinShares data, investors have withdrawn $738 million from Bitcoin investment vehicles on German, Canadian and Swedish exchanges so far in 2024. Toronto-based Purpose Investments Inc. launched a Bitcoin ETF product on the Toronto Stock Exchange in early 2021, charging a 1% management fee, four times higher than the equivalent BlackRock fund approved in early January. BlackRock’s Bitcoin Trust has seen inflows of more than $12 billion since the start of the year, while Purpose Investment has seen outflows of $369 million, according to CoinShares.
Stéphane Ouellette, CEO of FRNT Financial Inc., said that with Bitcoin hitting all-time highs, most exiting investors may switch from one Bitcoin product to another in pursuit of lower management fees. U.S. investors who previously managed to purchase Bitcoin ETPs on other exchanges will most likely transfer their investment funds back to U.S. ETFs.
▌It is expected that there are about 20 days until the BCH halving
Data shows that Bitcoin BCH is expected to halve the block reward on April 5, 2024, which is about 20 days and 1 hour away, and there are 2,887 blocks remaining before the halving. At that time, the block reward will be reduced from 6.25 BCH to 3.125 BCH.
▌Bitcoin network NFT sales increased by 76.04% in the past 24 hours< /p>
The sales of NFTs on the Bitcoin network have been in the spotlight in the past 24 hours, with a value of more than $22.2 million, which is a 76.04% increase from the previous day’s sales of $12.6 million. The number of NFT transactions increased by 19%, from 5,744 to 6,835, indicating a surge in activity on the Bitcoin blockchain. Following Bitcoin is Ethereum and Solana, ranking second and third respectively.
▌Bloomberg: Demand for MEME coins is strong, and the investment craze is not just a flash in the pan
Bloomberg published a latest article stating that the demand for MEME coins is strong. In the past week, the trading volume of top MEME coins was close to 80 billion US dollars. The macro background is completely different now from the previous round of MEME craze, but the scene is just like 2020 and 2021. Many tokens with no intrinsic value have risen much faster than Bitcoin.
These MEME tokens, sometimes called by a very rude alias, are also an easy entry point into the world of cryptocurrencies and are extremely risky. While Bitcoin has been increasingly adopted by the traditional financial world, smaller coins are mostly about hype and avoiding the dreaded RUG PULL.
George McDonaugh, managing director of cryptocurrency investment firm KR1 Plc, said that to understand the role of Bitcoin or other large blockchains, you may need to read a lot of white papers. For MEME coins, it would be easier to just look at a dog wearing a hat. And, when market conditions are good, it's easy to make a profit.
As of Thursday, one coin called Dogwifhat was worth about $3.13 and has surged more than 200,000% since its launch in December. And Bonk is up nearly 40,000% in just over a year.
Important Economic Updates
▌The three major U.S. stock indexes closed down across the board, while the crypto sector opened lower and moved higher
U.S. stocks closed, with the Dow Jones Industrial Average closing down 190 points, the S&P 500 Index closing down 0.65%, and the Nasdaq Composite Index closing down 0.96%. The crypto sector opened lower and moved higher. Riot Platforms rose more than 6%, Marathon Digital (MARA.O) and MicroStrategy (MSTR.O) rose more than 5%, and Coinbase (COIN.O) rose nearly 4%.
< strong>Golden Encyclopedia
▌What determines the price of Bitcoin?
Market forces of supply and demand influence the price of Bitcoin. When there are more sellers, prices usually go down and vice versa. Bitcoin prices are also affected by factors such as media reports, investor sentiment, and regulatory news, leading to rapid price fluctuations. Supply and demand market dynamics that affect the prices of other goods and services also determine the price of Bitcoin.
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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