Base’s boom causes problems at Coinbase March 22, 2024 On Wednesday, the market made a strong reversal, as the Federal Reserve maintained interest rates at 5.25%-5.50%. However, ETF investors were not convinced. Net outflows for Wednesday stood at $261 million - the third day in a row of outflows. BlackRock’s IBIT maintained its undefeated inflow streak. However, it experienced its second lowest daily inflows of $49.2 million. Even with this week’s outflows, the market showed it does not have to rely on the ETF flows to have a good time.
BlackRock chooses Ethereum for their tokenised investment fund March 21, 2024 Tuesday was another record day for the Bitcoin ETFs. This time, it was a new record in terms of outflows, with $326 million leaving the Bitcoin invested funds. Not even BlackRock's IBIT could save the day with inflows of only $75 million. But, even with the market cratering, it wasn’t all bad news. BlackRock’s SEC filing of their USD Institutional Digital Liquidity Fund to invest in tokenised assets was a reminder how much more money can potentially flow into crypto.
Biggest Bitcoin fraud in UK history as ex-takeaway worker convicted in £2bn scam March 20, 2024 The CPS said Wen, who used to live above a Chinese restaurant had been under investigation after the seizure of Bitcoin wallets, with an initial estimated value of more than £2bn.
Investors shun social media advice for independent financial media after meme stock saga March 20, 2024 42 per cent of investors said they were using social media "significantly less" than they used to for investing
SEC committed “gross abuse of power” according to Utah judge March 20, 2024 As Bitcoin makes a lower low and tries to find an area of demand, it seems the investment phrase “sell in May and go away” is being front run. Is this the beginning of a period of consolidation for crypto after several months of “up only?” Or, are markets simply de-risking ahead of today’s Federal Reserve meeting to determine interest rates?
FTSE 100 today: Inflation data and US Fed policy decision to set footsie’s course March 20, 2024 Asia's markets were mixed, while China’s central bank maintained steady loan prime rates. The rally of Bitcoin and Ether takes a breather. Investors focus on UK inflation data and the upcoming US Federal Reserve meeting for insights on future interest rate policies.
Solana brushes off market-wide correction amid Memecoin run March 19, 2024 Last week was an intense one even by crypto standards. We saw Bitcoin break all time highs and then decline by 15%. Solana also breached $200 and saw record breaking levels of usage. However, potentially the most ludicrous was the launch of The Book of Meme (BOME) and the beginning of a new trend.
MicroStrategy raises another $500 million to enter “The 1% Club” March 15, 2024 Michael Saylor and MicroStrategy are once again upping the ante. On Wednesday, the “Bitcoin Development Company” stated they are raising another $500 million in convertible notes to fund further Bitcoin acquisitions. This follows a nearly $800 million raise last week with 12,000 Bitcoin, or $822 million, scooped up over last weekend.
High Court rules that self-proclaimed Bitcoin creator is not ‘Satoshi Nakamoto’ March 14, 2024 Australian computer scientist Dr Craig Wright has long claimed to be behind the pseudonym Satoshi Nakamoto, the name used by the person who authored the Bitcoin White Paper.
Bitcoin breaks new all-time high as daily ETF inflows exceed $1 billion March 14, 2024 Each day, Coinrule will run through the state of the digital assets market for Blockbeat, your home for news, analysis, opinion and commentary on blockchain and digital assets. Yesterday was yet another new Bitcoin all-time high. On Tuesday, a sharp wick down to test the previous all-time high of $69,000 was quickly eaten up by hungry institutions. [...]