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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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2024-03-15 21:00:00 Spot Bitcoin ETF net inflow drops by 80% as BTC price slumps below $69K

Spot Bitcoin exchange-traded funds (ETFs) recorded one of their lowest net inflows on March 14 at $132 million. This is the lowest level in the past eight trading days and marks an 80% fal from the previous day. The Thursday drop marked the second consecutive day of decline. On Wednesday, there was an inflow of $684 million, representing a 38.3% drop from the previous day. Tuesday saw a record-breaking single-day inflow of $1.05 billion.

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2024-03-15 13:00:00 Analysts 'Now More Convinced' of Bitcoin Reaching $150,000 by Mid-2025

Global asset management firm Alliance Bernstein has doubled down on its bitcoin price prediction of $150K by mid-2025. “These are still early days of bitcoin’s integration into traditional asset portfolios,” the firm’s analysts described, adding that they are “now more convinced” about their $150K price forecast for bitcoin.

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2024-03-14 19:56:22 Bitcoin ETFs are going to surpass gold's, says ETF expert — unless there’s a black swan event

Bitcoin ETFs have seen far higher flows and assets than most predicted ahead of launch, and this unparalleled success has analysts speculating about how high they might go. Having started with $28.9 billion of assets when they launched — as Grayscale’s flagship Bitcoin Trust was converted across along with its assets — the 11 spot bitcoin ETFs now have a combined AUM of $61 billion. On the back of heavy inflows and a rising bitcoin price, their size is heading toward that of gold ETFs, which have a combined AUM of around $97 billion.

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2024-03-14 13:01:30 Samson Mow says Bitcoin will hit $1 million this year amid unprecedented demand

Jan3 CEO Samson Mow said Bitcoin is on track to hit $1 million per coin this year or the next based on market conditions, the upcoming halving, and broader economic factors. Mow’s bullish stance on Bitcoin’s future comes at a time when the crypto market is witnessing an unprecedented level of interest from institutional investors, as seen with the involvement of entities like BlackRock and the emergence of spot Bitcoin ETFs.

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2024-03-13 21:20:00 EU publishes draft rules for stablecoin issuer complaint procedures

The EU has published draft regulatory standards for issuers of stablecoins when dealing with complaints. Wednesday's Regulatory Technical Standards (RTS) set procedures for the "prompt, fair and consistent handling of complaints by holders of ARTs," or asset reference tokens, outlining specific guidelines and requirements for stablecoin issuer complaint management policies and procedures.

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