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2024-03-09 20:06:30 Solana Price Hits Two-Year Peak of $150 as DeFi Volume Tops Ethereum

Bitcoin and Ethereum aren’t the only major cryptocurrencies making moves: Solana rose above the $150 price point on Friday for the first time since January 2022. The two-year peak for Solana comes as Bitcoin hit another all-time high price Friday morning above $70,000, while Ethereum reached $4,000 for the first time since 2021. Solana dipped after hitting its own milestone, falling from above $152 to about $143.

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2024-03-09 11:16:11 Tether to Collaborate With Uzbekistan on Developing Crypto Infrastructure Projects

Tether, one of the largest stablecoin companies, announced a collaboration with the government of Uzbekistan to develop cryptocurrency and communication projects. The memorandum of understanding (MoU) signed between the parties encompasses issuing a comprehensive crypto legal framework, developing an independent comms and financial system, and establishing crypto-related educational programs.

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2024-03-08 21:11:03 Ether Could Run to $10,000 or Higher This Year on Numerous Catalysts: Bitwise

Ether (ETH) has been "largely overshadowed" by bitcoin (BTC) for the past several months, but the laggard could more than double in price in 2024, according to Juan Leon, crypto research analyst at asset manager Bitwise. "[Ether] could very well go above $8,000, $10,000 this year, maybe even higher," said Leon in an interview with CoinDesk Markets Daily.

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2024-03-08 10:51:16 Montenegro decides to extradite Do Kwon to South Korea in retrial

The Montenegrin high court overseeing Terraform Labs co-founder Do Kwon’s extradition retrial has decided to send him back to South Korea instead of the US, local media reported on March 7. The decision will likely be final as the case has gone through multiple stages of trials and appeals over the past year as both countries vied for Kwon’s custody due to the high-profile nature of the case.

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2024-03-07 19:00:00 Bitcoin miner revenue records second-best day in history

Bitcoin miner revenue recorded its second-best day in history on March 6, a day after the Bitcoin price hit a new all-time high above $69,200. Daily Bitcoin miner revenue reached $75.9 million on March 6, according to an X post by Julio Moreno, head of research at CryptoQuant. The revenue surge came the same day as Bitcoin miner Hut 8 announced the closure of its mining site in Drumheller, Alberta, Canada, with immediate effect due to power disruptions and surging energy costs.

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2024-03-07 12:26:04 Bitcoin Record High Would’ve Happened Without ETFs, Just Later, Say Experts

Bitcoin (BTC) reached a highly anticipated new all-time high above $69,000 on Tuesday only two months after the approval and launch of the ten spot bitcoin ETFs. The fast timeline has left people wondering: would the new high have happened so soon if the ETFs hadn’t launched? No, according to Seth Ginns, managing partner and head of liquid investments at CoinFund. “The new all-time high would have happened without the ETFs, but we’ve likely accelerated this cycle with the ETF flows,” he said.

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2024-03-06 18:50:00 Bitcoin and gold broke new price records on the same day

The new all-time highs marked the first time Bitcoin and gold hit new records simultaneously since the emergence of BTC. Bitcoin posted a new price record on March 5, breaking above $69,200 for the first time in history. The historic moment in the Bitcoin community coincided with successful developments in traditional financial markets, with gold reaching an all-time high on the same day.

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2024-03-06 11:06:04 Bitcoin's Test of All-Time Highs Means Old Miners Are Cashing Out

Early miners are sending their old block rewards to exchanges, contributing to selling pressure as bitcoin retreats from testing all-time highs. Bitcoin's rapid price ascent during the last month, which culminated in a new all-time high and quick reversal on Tuesday, has meant that some early miners have started selling their old block rewards – putting pressure on bitcoin's price.

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2024-03-05 20:36:54 Bitcoin ETF Giant Grayscale Introduces a Crypto Staking Fund

Grayscale, the investment firm behind the biggest spot bitcoin ETF, has introduced a new fund that stakes cryptocurrencies to earn income. The Grayscale Dynamic Income Fund (GDIF), the company said Tuesday, initially will own assets for nine blockchains: Aptos (APT), Celestia (TIA), Coinbase Staked Ethereum (CBETH), Cosmos (ATOM), Near (NEAR), Osmosis (OSMO), Polkadot (DOT), SEI Network (SEI), and Solana (SOL). It aims to distribute rewards in U.S. dollars on a quarterly basis.

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2024-03-04 20:45:59 Crypto investment products near all-time high with $1.84 billion weekly net inflow

Crypto-related investment products saw significant inflows last week, totaling $1.84 billion—this year’s second-largest weekly inflows—according to CoinShares’ latest weekly report. This significant inflow was also matched by a record trading volume of more than $30 billion during the same period, which at times represented 50% of global Bitcoin daily trading volumes on trusted exchanges.

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