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2024-03-21 09:54:58 SEC subpoenaed firms that dealt with the Ethereum Foundation: Fortune

The U.S. Securities and Exchange Commission issued subpoenas to firms that dealt with the Ethereum Foundation, reports Fortune, citing people familiar with the matter. Fortune reports that the regulator's investigations also required firms to provide documents and financial records related to Ethereum Foundation interactions. The Ethereum Foundation is a non-profit based in Switzerland that develops and manages the Ethereum blockchain.

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2024-03-20 20:14:23 US spot Bitcoin ETFs surge past $150 billion in cumulative trading volume

Cumulative trading volume for U.S. spot bitcoin exchange-traded funds surpassed $150 billion on Tuesday, less than 10 weeks after the Securities and Exchange Commission approved ETFs from BlackRock, Fidelity, and Bitwise, among others. Spot bitcoin ETF cumulative trading volume has increased by $50 billion since March 8 alone — when total volume first reached the $100 billion mark — to hit $151.4 billion by the close of trading yesterday, according to The Block’s data dashboard.

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2024-03-20 09:55:00 BlackRock launches $100 million tokenized asset fund using Ethereum

BlackRock, the world’s largest asset management firm, has created a new tokenized asset fund, according to a March 19 SEC filing. The initiative — dubbed the BlackRock USD Institutional Digital Liquidity Fund — is registered in the British Virgin Islands and developed in partnership with San Francisco-based Securitize, a company focused on asset tokenization. The companies have yet to make a public announcement and did not respond to a request for comment as of press time.

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2024-03-19 21:16:23 MicroStrategy now holds over 1% of bitcoin's total supply after latest purchase

Michael Saylor's MicroStrategy acquired 9,245 more bitcoins for $623 million in cash, increasing its total bitcoin holdings to 214,246 BTC. With this latest purchase, the company now holds over 1% of the total bitcoin supply, comprising 21 million coins. MicroStrategy's latest acquisition took place between Mar. 11 and Mar. 18 at an average price of $67,382 per bitcoin, including fees and expenses, the business software company said Tuesday.

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2024-03-19 10:14:59 Fidelity adds staking to Ethereum ETF application amid mixed reception

Fidelity Investments has amended its application for an Ethereum (ETH) spot exchange-traded fund (ETF) to include a staking feature, according to a regulatory filing. The amendment was filed with the US SEC on March 18 and has stirred significant interest in the industry, but market analysts and observers have mixed feelings. It introduces the possibility for the ETF to engage in staking activities, a core aspect of Ethereum’s functionality following its shift to a Proof of Stake (PoS) model.

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2024-03-18 19:41:30 Base network sees big surge in transactions and new users following Dencun upgrade

The daily transaction volume of Base, the Ethereum Layer 2 network incubated by Coinbase, has experienced significant growth over the last week — likely driven by low transaction fees following the Dencun upgrade. This Layer 2 network witnessed a sudden spike in daily users and transactions, reaching record highs shortly after the Dencun upgrade. This led to a dramatic drop in transaction fees on most Layer 2s, including Base.

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2024-03-18 00:15:33 Ether.fi announces airdrop, will adjust token allocation following community complaints

Ether.fi, the largest liquid restaking protocol on Ethereum, has announced plans for its upcoming airdrop of governance tokens. The airdrop's first stage, entitled Season 1, will release 6% of the total token supply and covers behavior up to March 15. Season 2 will release 5% of the remaining tokens and covers behavior from March 15 to an unspecified future date.

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2024-03-17 11:29:01 El Salvador Will Keep Buying 1 Bitcoin Daily Until BTC 'Becomes Unaffordable' With Fiat Currencies, Says President Bukele

El Salvador has been buying one bitcoin a day since 2022, according to President Nayib Bukele, who confirmed that his country’s “1 bitcoin a day program” will continue until the cryptocurrency “becomes unaffordable with fiat currencies.” The bitcoins acquired from El Salvador’s daily purchases are also deposited into the same wallet address used for the “large chunk” of bitcoins which Bukele previously revealed.

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2024-03-16 20:05:00 Binance Says Nigeria Is Not Yet One of Its Top Markets

The cryptocurrency exchange Binance has clarified that Nigeria, despite being one of the world’s largest crypto markets, is not yet one of its top markets. However, Binance acknowledged the country’s “extraordinary potential” in an update on its ongoing dispute with the Nigerian government. This potential according to the update, is why Binance is still keen on investing in the country.

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2024-03-16 11:40:00 Ether Could Be a Meaningful Earnings Driver for Coinbase, JPMorgan Says

America’s largest bank, JPMorgan (JPM), said the Ethereum network and its token ether (ETH) could be a notable contributor to the wider cryptocurrency ecosystem and a positive driver of Coinbase (COIN) earnings. JPMorgan, while maintaining its neutral rating, raised its price target for Coinbase to $150 from $95 to reflect the crypto market rally and the positive impact that ether has had on the exchange’s revenue.

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