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- BlackRock's IBIT Surpasses the Largest Silver ETF by AUM | Cryptocurrency Trends
BlackRock's IBIT Surpasses the Largest Silver ETF by AUM | Cryptocurrency Trends
Tommy, Bitget Research
2024/03/04
1. Mainstream Exchange Trends:
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Mainstream Exchange Listings (CEX: Token — Time of Listing in UTC)
Binance: Axelar (AXL) — March 1, 11:30 AM.
Bybit Web3 IDO: Aether Games (AEG) — snapshot period from March 4–7.
2. Cryptocurrency Trends:
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On March 2, Bitcoin spot ETFs saw net outflows for the first time in seven trading days, with GBTC seeing net outflows of $492 million.
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BlackRock's IBIT surpasses the largest silver ETF by AUM and now ranks third among all commodity ETFs.
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Uniswap raises the Activate Uniswap Protocol Governance proposal. The on-chain vote, which will end on March 7, involves, among other things, the distribution of protocol fees to UNI token holders that have delegated and staked their tokens. The proposal currently has 12 million UNI in votes, with 100% support.
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SatoshiVM, a BTC Layer 2 project, announces the launch of its Alpha mainnet and introduction of SAVM staking on March 15.
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On March 2, Floki DAO votes on a proposal to burn 190,918,585,431.84 FLOKI tokens within a week.
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Puffer Finance to update the EigenLayer points and pufETH points system on March 5. Only users who staked before the February 9 deadline announcement will be eligible to earn EigenLayer points.
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Parallel Network, an omni-chain L2 solution powered by Arbitrum, to launch its Early Access testnet next Monday. The announcement comes on the heels of Parallel Network announcing that it will be launching a Parallel Network sneak peek in the next 1–2 weeks, which will allow users to earn ETH staking APR, restaking APR, EigenLayer points, liquid restaking token points, Parallel Network Diamonds, additional Parallel and partner rewards.
3. Financing Trends:
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Taiko, an Ethereum scaling project, raises $15 million in Series A funding led by Lightspeed Faction, Hashed, Generative Ventures, and Token Bay Capital. Taiko has closed a total of $37 million in funding.
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Scallop, a SUI ecosystem lending protocol, raises $3 million in a funding round led by THE CMS and 6MV.
4. Regulatory Trends:
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The U.K. government releases statutory instrument documents announcing that starting April 26, U.K. law enforcement agencies will be able to freeze crypto assets used in crimes without the need for a conviction.
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Hungary proposes a draft law that would allow banks, investment funds, and asset management firms to offer crypto market services, with provisions to come into effect on June 30 if the law is passed.
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Nigeria's presidential aide denies demanding Binance pay $10 billion in fines, saying his statement to the BBC was misrepresented by the media. This comes after a BBC report that the Nigerian government had demanded that Binance pay at least $10 billion in damages.
Disclaimer: This content includes third-party opinions, and we do not guarantee its accuracy. Cryptocurrency prices are highly volatile, so please conduct your own research and make judgments accordingly.