Cointime March 10th News Express
1.Kevin Rose is suspected of selling off his NFT holdings and has destroyed ENS domain names such as krovault.eth2.Coinbase provides five-point spot Ethereum ETF application reason to the US SEC: shares that can be classified as commodity-based trusts3.Concept coins in the gaming sector generally rose, with PIXEL rising over 40% in 24 hours4.Tokens in the AI sector generally rose, with WLD, ARKM, RNDR and FET all hitting record highs5.Tether Treasury minted 2 billion USDT through 2 transactions about four hours ago6.Hedge fund tycoon Ackman says he’s considering buying Bitcoin7.Meta announces updates to WhatsApp and Messenger that will take a privacy-centric approach to building interoperable messaging services8.Jupiter: Over 200 million JUPs have been pledged, and pledgers need to actively vote to receive rewards.9.Ceres Entertainment Station: Two rounds of Ceres ARK NFT Mint have ended, and all 3333 NFTs on sale have been sold out10.Over 53 million USDC were minted in the USDC Treasury
Hedge fund tycoon Ackman says he’s considering buying Bitcoin
ChainCatcher News: Bill Ackman, the founder and CEO of Pershing Square Capital Management, a major hedge fund, predicts that the price of Bitcoin may skyrocket to levels much higher than anyone can imagine.Ackman tweeted, "Imagine a scenario where the price of Bitcoin rises, causing an increase in mining volume and energy usage, which in turn drives up energy costs, leads to inflation, devalues the US dollar, and drives demand for Bitcoin, increases mining volume, and drives demand for energy, and so on. Bitcoin grows infinitely, energy prices soar, and the economy collapses. Maybe I should buy some Bitcoin." However, Ackman later added, "Of course, the problem is that it can also backfire."In response, Michael Saylor, the founder of MicroStrategy, commented on Ackman's tweet, "You should buy some Bitcoin, but not for the reasons mentioned above. Most Bitcoin miners are lowering the electricity costs of other consumers, not increasing them."
BTC breaks through $69,000
The market shows that BTC has broken through $69,000 and is currently trading at $69,008.9, with a daily increase of 1.49%. The market is volatile, so please be prepared for risk control.
British "Economist": Bitcoin will not disappear, the establishment of ETF may make its future price trend slower and more stable
The Economist magazine in the UK wrote an article titled "What Will Happen After Bitcoin Soars", pointing out that Bitcoin is not rising in isolation: every asset is rising, stock markets around the world are approaching record highs, and so is the price of gold. Bitcoin's performance is better than most assets. The US Securities and Exchange Commission's approval of the establishment of a Bitcoin exchange-traded fund (ETF) makes it easier for ordinary investors to buy this encrypted currency. Bitcoin has existed for 14 years, and its concise mechanism for self-certification and verification of supply growth has never been compromised by hackers, meaning that this token will not disappear. With the establishment of ETFs, it is now obvious that Bitcoin has become an investment asset. The establishment of Bitcoin ETFs may have triggered a crazy and amazing surge, but the future price trend it predicts may be more slow and stable.
BitMEX: Bitcoin ETF saw net inflows of $223 million on March 8
According to BitMEX Research data on March 8th, Bitcoin ETF saw a net inflow of $223 million, and the ETF assets, excluding GBTC, have now exceeded $28 billion, surpassing GBTC's assets for the first time.
Anthony Pompliano: Bitcoin could rise to $138,000 soon
Anthony Pompliano, the founder of Pomp Investments, made an optimistic prediction about Bitcoin in an interview with CNBC, suggesting that the price of Bitcoin could soon rise to $138,000. He pointed out that historically, the value of Bitcoin has doubled in 18 days or less after surpassing three-quarters of its previous peak price.
Bitcoin breaks through $70,000, reaching new highs
The market shows Bitcoin has broken through $70,000 per coin, rising 3.93% within the day and hitting a new high.
The institutionalization of Bitcoin
Every week we bring you the three most important charts on the topics of macroeconomics, Bitcoin and digital assets.
Today we'll cover:
The institutionalization of Bitcoin.How Bitcoin is beating gold: a shift in global store of value.Is Ethereum underpriced relative to Bitcoin?
Deribit Asia Pacific Business Leader: Bitcoin’s historical volatility is 66.45%, and the volatility index is 68.9%
Lin Chen, the head of Deribit's Asia-Pacific business, stated on X platform that the current historical volatility of BTC is 66.45%, and the volatility index (implied volatility) is 68.9%.
BTC second-layer network project Mirror L2 announced that it will open the test network within a week
The BTC Layer2 network project Mirror L2 announced that it will open its testnet within a week. The public test will be open to all users, and testing can earn points to win the MIRR call option airdrop. All players in the decentralized world are invited to experience true decentralized BTC Layer2 staking. The ongoing node election has attracted over 100 institutions and KOL candidates.
Tesla address tagged by Arkham shows Bitcoin holdings increased by 1,789 BTC from last earnings report
Tesla's bitcoin holdings have once again become a topic of discussion in the cryptocurrency community. The cryptocurrency data analysis platform Arkham recently added Tesla's bitcoin wallet tracking function to its dashboard, which shows a balance of 11,509 BTC for the BTC wallet associated with Tesla, an increase of approximately 1,789 BTC compared to the previous report's balance of 9,720 BTC. It is reported that Tesla's schedule for holding and selling bitcoin is as follows: February 2021: Purchased $1.5 billion worth of bitcoin; March 2021: Sold 4,320 bitcoin; 2022: Will sell 29,160 bitcoin; 2023: The balance of 9,720 BTC remains unchanged.
Crypto Derivatives: Analytics Report – Week 10
Futures-implied yields for BTC and ETH rose strongly during the rally to all-time high BTC prices, indicating a return to the strong demand for leveraged long exposure that we saw build-up ahead of the ETF announcement in late January. This is echoed by the extremely high funding rates for each coin. In a repeat of their reaction to last week’s spot rally, the term structures for both majors have inverted significantly, with the implied volatility at the front end reaching ~75%. Similarly, the volatility smiles are skewed strongly towards OTM calls, with a slight out-performance for BTC upside exposure over ETH.
Bitcoin trading volume exceeded $46 billion yesterday, reaching a new high since 2021
Kaiko posted on X platform that the Bitcoin trading volume yesterday surpassed 46 billion US dollars, reaching the highest level since 2021.
Bitcoin briefly topped $68,000 again today
According to OKX market data on March 5th, Bitcoin once again briefly broke through $68,000 and is now slightly falling to $67,953, with a 24-hour increase of 3.96%.
Bitcoin investment funds including ETFs currently manage more than 1 million Bitcoins
Bitcoin investment funds, including ETFs, currently manage over 1 million Bitcoins, with a value of approximately $67 billion at current prices. The majority of this, over 83%, comes from Bitcoin ETFs in the US spot and futures markets.
A new wallet withdrew 6,660 BTC from Kraken in the past 4 days
Lookonchain monitoring shows that in the past four days, a new wallet has extracted 6,660 BTC worth about $445 million from Kraken.
BTC falls below $66,000
According to market trends, BTC has fallen below $66,000 and is currently trading at $65,999.9, with a daily increase of 1.98%. The market is volatile, so please be cautious and manage your risks.
Bitcoin’s market capitalization hit a record high of $1.303 trillion today
According to The Block data on March 4th, after reaching a high of $66,405, Bitcoin's circulating market value reached $1.303 trillion, surpassing the record market value of $1.302 trillion in November 2021.
Bitcoin hit $66,000 in the short term, continuing to hit a new high since November 2021
Bitcoin touched $66,000, hitting a new high since November 2021, with a 4.8% increase within the day. The market is volatile, so please be prepared for risk control.
Bitcoin surpasses Swiss franc to become world’s 13th largest currency
According to Bitcoin Magazine, Bitcoin has just surpassed the Swiss franc (CHF) to become the world's 13th largest currency. According to data from 8marketcap, the current market value of Bitcoin has risen to $1.2826 trillion, surpassing META and becoming the ninth largest asset in the world.
