Headlines
▌Bitcoin breaks through $64,000, up nearly 50% so far this month
Bitcoin exceeded US$64,000 per coin, continuing to hit a new high since November 2021; it rose 13% during the day and has surged nearly 50% so far this month.
▌CNBC: Michael Saylor’s personal wealth soared by US$700 million in three days, reaching nearly US$3 billion
CNBC published an article stating that Michael Saylor, chairman of MicroStrategy, has increased his personal wealth by approximately US$700 million after the price of his company's stock and Bitcoin rose for three consecutive days.
MicroStrategy’s stock price has risen 52% this year after soaring 346% in 2023. It is reported that Saylor is MicroStrategy's largest investor, owning about 12% of the company's shares. He also revealed that he personally owned 17,732 Bitcoins in 2020. As a result, his holdings and positions climbed to $2.96 billion on Wednesday from $2.27 billion at the beginning of the week.
A MicroStrategy spokesman said the company would not comment on Saylor's personal financial situation.
Quotes
As of press time, according to coinmarketcap data:
The recent transaction price of BTC was 62,430.1 US dollars, with fluctuations during the day. Frame+2.41%;
ETH Recent The transaction price was US$3383.88, and the intraday increase or decrease+1.01%;< /p>
BNB’s recent transaction price was US$414.8, with an intraday increase or decrease of +0.36% strong>;
ORDI’s recent transaction price was US$75.162, with an intraday increase or decrease of -3.58%;
The recent transaction price of DOGE was US$0.1159, with intraday changes +15.78%;
SOL’s recent transaction price was US$119.29, with intraday gains and losses+5.49%.
Policy
▌U.S. Department of Justice appoints Unabomber prosecutor to lead new The FTX investigation
The Bankruptcy Division of the U.S. Department of Justice appointed Robert J. Cleary, the prosecutor in the "University Air Bomb" (UNABOM) case, to lead the new FTX investigation. According to court documents, Cleary was asked to review Potential conflicts of interest involving FTX bankruptcy law firm Sullivan & Cromwell. He has also been asked to review past investigations by FTX's new management team, creditors and government regulators, and examine whether other FTX employees were involved in fraudulent activity before its collapse in November 2022. It is reported that Cleary's appointment and investigation must be approved by Judge John Dorsey.
▌Coinbase once again filed for arbitration with the U.S. Supreme Court
Coinbase once again filed for arbitration with the U.S. Supreme Court The arbitration, which marks the cryptocurrency exchange's second appearance in the high court, has nothing to do with cryptocurrency but an argument over how customer disputes are handled, with Coinbase arguing that arbitrators should decide where such conflicts are handled. , but lost in a lower court and asked a judge to throw out those rulings and send the case back to a higher court for a new trial.
▌U.S. Senator Stabenow is formulating new cryptocurrency legislation
According to the US political news website Politico, US Senator Stabenow is formulating new cryptocurrency legislation.
▌Craig Wright faces trial against Ontier Email forgery charges
Craig Wright, who faces forgery charges against Ontier emails in the trial of plaintiff Cryptocurrency Open Patent Alliance (COPA), will be back in court on Friday , defending against initial accusations made by his former lawyers that letters they submitted to the court had been doctored. After Friday, the court will continue on March 12 to hear closing arguments from both sides.
▌HashKey OTC received in-principle approval for a major payment institution license from the Monetary Authority of Singapore
The over-the-counter trading subsidiary of HashKey Group Company HashKey OTC has received in-principle approval from the Monetary Authority of Singapore (MAS) for a major payments institution license (MPI). The approval of the MPI license paves the way for HashKey OTC to provide regulated digital payment token services in Singapore.
HashKey OTC currently operates in Singapore and received an exemption that allows it to provide digital payment token services without obtaining a license for a specified period. During the exemption period, HashKey OTC can provide services to institutions and accredited investors, including spot trading of nearly 40 digital payment tokens with deep liquidity, deposit and withdrawal services, and the execution of large nominal transactions.
Blockchain Applications
▌Aave community proposal recommends increasing the supply and lending of V3 Scroll Upper limit
According to the community governance forum, the Aave community proposal recommends increasing the supply and borrowing limit of V3 Scroll. The proposal recommends increasing the wstETH supply limit from 520 to 700 and increasing the WETH borrowing limit from 400. to 600.
▌Pontem launches L2 “SuperLumio” to support EVM and Move
Web3 product development Studio Pontem will launch its EVM L2 SuperLumio on mainnet. The team claims that SuperLumio is the first L2 to support both EVM and Move VM, and is designed to be incorporated as part of the L2 network Optimism Superchain. In addition, SuperLumio also supports Proto-Danksharding (EIP-4844), designed to reduce rollup fees by up to 100 times.
Cryptocurrency
▌The value of MicroStrategy's Bitcoin holdings briefly exceeded $12.2 billion
According to data from crypto data tracker Drops Tab, as the price of Bitcoin exceeded $60,000, the total value of MicroStrategy's Bitcoin holdings It hit a high of $12.24 billion at around 5:25 a.m. Beijing time on Thursday. It has since fallen to $11.7 billion, up 5.9% in the past 24 hours.
Golden Finance previously reported that MicroStrategy purchased 3,000 Bitcoins worth US$155 million on February 26, after which the company’s total Bitcoin holdings reached 193,000.
▌The asset size of 4 U.S. spot Bitcoin ETFs including ARKB exceeds US$2 billion
< p>Bloomberg analyst James Seyffart said that there are currently four U.S. spot Bitcoin ETFs with asset management scale exceeding US$2 billion, namely: Grayscale’s GBTC, BlackRock’s IBIT, Fidelity’s FBTC, Ark ARKB by 21Shares.
▌El Salvador’s Bitcoin holdings are worth more than $147 million, with profits exceeding 40%
According to El Salvador’s President Nayib Bukele Posted on
It is reported that the average price of El Salvador’s cumulative holdings is US$44,292, and there are a total of 2,381 Bitcoins in the country’s treasury.
▌IntoTheBlock: Retail investors were more involved in Bitcoin’s rise to over $60,000 Low
IntoTheBlock analysts pointed out that on-chain data and Internet search trends show that retail investors have had low participation in Bitcoin’s rise to more than $60,000. The analyst added that transaction volume on the Bitcoin blockchain has been increasing but is well below levels seen during the market's peak in 2021.
Analysts said: “Despite the incredible price action in Bitcoin, current data points to calm retail investors. This suggests that institutional investors may dominate this stage. ETFs are seen as potential Accumulation tools."
▌Morgan Stanley's funds may invest in spot Bitcoin ETFs
Morgan Stanley Lee's Europe-focused fund stated in a filing with the U.S. SEC that the fund may invest in spot Bitcoin ETFs, but the proportion cannot exceed 25% of the fund's assets.
The fund has held GBTC shares in the past, and its focus is still mainly on investing in European companies. Eric Balchunas, senior ETF analyst at Bloomberg, said the fund may add this disclosure language as a risk mitigation strategy. "They are playing a precautionary defense and they would rather not make any mistakes," he said.
In terms of risk exposure, Balchunas believes that it may not exceed 2% of the fund's assets. He mentioned that Appleseed Mutual Fund invested 1.1% in Bitcoin, which is a reasonable allocation.
▌Informed sources: Morgan Stanley is conducting due diligence to add spot Bitcoin ETF to brokerage platform
Wall Street giant Morgan Stanley is conducting due diligence to add a spot Bitcoin ETF product to its brokerage platform, Coindesk said, citing two people familiar with the matter.
One of the people familiar with the matter said that Morgan Stanley has been evaluating providing spot Bitcoin ETFs to clients since the US SEC approved the launch of a spot Bitcoin ETF in the United States in January. There are currently 10 spot Bitcoin ETFs trading in the United States, of which the largest assets under management are Grayscale’s GBTC, BlackRock’s IBIT and Fidelity’s FBTC. It is unclear what products Morgan Stanley hopes to provide to its clients.
Morgan Stanley, a leader in alternative investments and private markets with more than $150 billion in assets under management, is the first U.S. firm to offer a Bitcoin fund to high-net-worth clients in 2021 Banking giant.
▌CoinShares: Daily BTC demand for spot ETFs is More than three times production, BTC is experiencing a demand shock
James Butterfill, director of research at CoinShares, said that while 900 Bitcoins are produced daily, the newly issued U.S. spot Bitcoin ETF requires 2,800 daily Bitcoin, more than three times the output, has resulted in a 28% decrease in exchange holdings since 2020, indicating that the market is experiencing a significant demand shock.
▌Arkham: U.S. Government Wallets move nearly $1 billion in Bitcoin seized from Bitfinex hackers
Data monitored by blockchain data firm Arkham Intelligence shows that wallets it flagged as funds seized on behalf of the U.S. government moved Nearly $1 billion in Bitcoin seized from Bitfinex hackers.
One of the wallets initially transferred 1 BTC at around 1:39 pm ET. About half an hour later, the remaining 2,817 BTC in the wallet were transferred, with a total value of approximately US$173 million. Soon after, another wallet containing approximately 12,300 BTC transferred 0.01 BTC to another unknown address, and shortly after that the remaining BTC were also transferred in full. These transfers are worth approximately $750 million, based on the current price of the BTC transferred from the two wallets. The total value of the currency reached approximately US$923 million.
According to Arkham, another U.S. government wallet contains approximately 94,600 BTC of seized Bitfinex hacker funds, worth approximately $5.79 billion at current prices.
According to an August press release from the U.S. Department of Justice, the agency seized approximately 95,000 stolen Bitcoins from crypto wallets controlled by the defendants, valued at approximately $3.6 billion at the time of seizure.
Important economic developments
▌U.S. stocks closed: three major stock indexes closed down, digital currency concept Continue to rise actively
U.S. stocks closed on Wednesday, with the Dow and S&P 500 closing slightly lower, and the Nasdaq falling 0.55%. The concept of digital currency continues to rise actively, with MicroStrategy (MSTR.O) rising by more than 10% and Coinbase (COIN.O) rising by 0.8%. The Nasdaq China Golden Dragon Index fell 1.6%, Baidu (BIDU.O) closed down 8% after the results, JD.com (JD.O) fell more than 5%, and Li Auto (LI.O) fell nearly 2%.
Golden Encyclopedia
▌Block Rewards
< p>Block rewards are a key component in supporting the decentralized nature of cryptocurrencies and have enormous symbolic and functional importance. Basically, block rewards are fees paid to crypto miners for adding authorized transactions to the network. This process, known as mining, involves completing challenging mathematical puzzles, increasing the network’s computing power and maintaining the integrity of the distributed ledger.
Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and not as actual investment advice. Please establish a correct investment philosophy and be sure to increase your risk awareness.
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