Crypto Market Time

2024-03-20 19:19:59 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 10:25:00 Bitcoin and ether perpetual futures funding rates still elevated despite downturn in spot prices

Bitcoin and ether perpetual futures funding rates are still elevated despite the spot prices of each asset falling by 7% and 6% respectively, in the past 24 hours. The global cryptocurrency market cap fell 5.8% in the past 24 hours to $2.5 trillion, according to CoinGecko data. This means that speculators are still adding to leveraged longs on the dip," Tuesday's QCP Capital market report said.

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2024-03-19 19:25:00 Binance Asks Prime Brokers to Enhance KYC to Block U.S. Nationals: Bloomberg

Binance is asking its prime brokers to do enhanced Know Your Customer (KYC) work on clients to ensure that they aren’t serving U.S. nationals, according to a report from Bloomberg. “Binance is fully committed to compliance and has made public how it assesses end users who can access the Binance platform," the exchange said in a statement published on Bloomberg. “By making its standard transparent, Binance gives clarity to enterprises who want to access its market-leading liquidity.”

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2024-03-19 09:55:00 Binance Personnel Cleared of Insider Trading Allegations in BOME Controversy

Binance has cleared its personnel from the allegations surrounding Book of Meme (BOME), a meme coin built on the Solana blockchain. The move follows widespread discussions and allegations of possible insider trading associated with the “BOME rat warehouse” incident, prompting Binance to take swift action to address the matter. According to the statement, preliminary investigation results suggest that the individual implicated in the allegations has no affiliation with Binance.

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2024-03-18 18:50:00 Ethereum activity drops ether supply to lowest levels since August 2022

Ethereum's latest upgrade, Dencun, was activated on March 13 — but the previous high-profile upgrade has helped decrease the total supply of ether substantially. As of mid-week, the total supply of ether declined to its lowest level since August 2022, according to data from CryptoQuant cited by CNBC. It was shortly after that date that Ethereum made its most significant upgrade in history by changing from proof-of-work to proof-of-stake — an upgrade known as The Merge.

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2024-03-17 21:36:41 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 12:03:20 Bitcoin Hashrate reached a new ALL TIME HIGH of 636,000,000,000,000,000,000 hashes/s this week

Miners won't and can't stop bringing hash online ahead of the halving!

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2024-03-16 20:00:00 Galaxy Digital CEO: Bitcoin Unlikely to Fall Below $55,000 — 'That's the New Floor'

Galaxy Digital CEO Michael Novogratz says he doesn’t believe the price of bitcoin will fall back down to the $50K-$55K level. “I think that’s the new floor unless something dramatic happens,” he described. “This has been a wild ride of an asset,” he added, noting that we’re in price discovery mode and if you look at the charts, $100,000 could be a bitcoin price target.

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2024-03-16 10:34:59 Bitcoin Trader Sees Prices Slumping to $60K as Crypto Bulls See $650M in Liquidations

Crypto market capitalization dropped 7%, its sharpest fall this year, as bitcoin (BTC) plunged 8% in the past 24 hours to wipe weekly gains and kickstart a marketwide decline. Bitcoin slumped from Thursday’s high of $73,000 to as low as $65,800 early Friday before slightly recovering. Meanwhile, Coindesk 20, a broad-based index of most liquid cryptocurrencies, was down 8.25%.

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2024-03-15 19:46:44 Arbitrum eyes $400 million crypto gaming fund with proposal to DAO

Arbitrum Foundation wants to expand into blockchain gaming and is aiming to "earmark" about $400 million over the next two years with the aim of convincing publishers and builders to create video games using its blockchain. The program proposes asking the Arbitrum DAO to approve the earmarking of 200 million ARB (about $400 million at current prices) over a two-year period to incentivize building games on its blockchain.

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