MicroStrategy shares hit all-time high, SHIB exchange holdings hit two-year low

Headlines

▌MicroStrategy’s stock price hit a record high

MicroStrategy’s stock price hit a record high, breaking through $1,860 and hitting an intraday high of $1,909. As previously reported, MicroStrategy added 9,245 Bitcoins on March 19, bringing its total number of Bitcoins to approximately 214,250, exceeding 1% of the total Bitcoin supply.

▌SHIB exchange holdings hit a two-year low

Data from crypto analytics firm Glassnode shows that the number of SHIB held by exchanges has dropped to The lowest level since March 2022. This highlights the bullish sentiment among SHIB investors, as a drop in exchange supply inevitably means these investors are choosing to hold on for the long term rather than sell their positions immediately.

Quotes

As of press time, according to coinmarketcap data:

The recent transaction price of BTC was US$70,064.1, with an intraday increase or decrease-0.27%;

ETH’s recent transaction price was 3595.6 US dollars, with intraday changes+0.07%;

BNB’s recent transaction price was US$580.4, with intraday gains and losses+0.10%;

ORDI’s recent transaction price was US$65.539, with intraday increases and decreases-1.15%;

DOGE’s recent transaction price was US$0.1819, with intraday changes+1.88%;

SOL’s recent transaction price was US$191.48, with intraday gains and losses< span style="color: rgb(0, 176, 80);">+0.56%.

Policy

▌The U.S. CFTC reiterated that digital currencies such as ETH are commodities in its prosecution against Kucoin

U.S. commodities The Futures Trading Commission (CFTC) has once again confirmed that digital currencies such as Ethereum (ETH) are commodities. On Tuesday, the CFTC pointed out in its complaint against Kucoin exchange that Bitcoin, Ethereum and Litecoin are commodities. This statement by the CFTC means that the regulatory agency is working hard to bring digital assets such as Ethereum into its regulatory scope. The complaint alleges that Kucoin operated futures, swaps, leverage and financing transactions involving these digital assets.

▌U.S. congressmen wrote to the SEC chairman requesting clarification on whether Ethereum is a security

Republican members of the U.S. House of Representatives wrote to the SEC chairman requesting clarification on whether Ethereum is a security securities. The move comes in response to digital asset company Prometheum announcing plans to offer Ethereum custody services. Republicans worry that classifying Ethereum as a security could impact the market, noting that it could cause exchanges to stop offering Ethereum derivatives, with serious consequences for market participants. They urged the SEC to provide more clarity on the issue.

Blockchain Applications

▌Layer-1 Blockchain WAX reaches an agreement with Amazon Web Services to promote the large-scale adoption of Web3

Layer-1 blockchain WAX signed an agreement with Amazon Web Services to allow developers to deploy nodes on WAX using the AWS console. Enable WAX ​​integration into Amazon-hosted blockchain services to promote Web3 adoption at scale. The WAX ​​network has facilitated 141 million transactions in the past 30 days, has 666,000 active wallets, and hosts 160 Web3 games, including popular titles such as Brawlers.

▌Sei: v2 devnet has been launched for only a few months and has produced more than 11 million blocks

Sei issued a document on the X platform saying that since v2 devnet Just a few months after launch, the chain is running smoothly while continuing to reach new milestones: over 11 million blocks produced; 300 millisecond block times; multiple teams deployed.

▌domo: BRC-20 is about to be upgraded, supporting only the deployer’s own Mint operation and 5-character token name.

Created according to the BRC-20 protocol Domo, the author and founder of Layer1 Foundation, posted on the and issue assets with 5-byte code to isolate existing assets.

▌Professor at the University of Colorado: Blockchain will reshape the landscape of network governance

Nathan Schneider, a professor of media studies at the University of Colorado, Boulder, releases a new book " Governed Space", exploring how blockchain can achieve online autonomy. Schneider believes that cryptocurrencies can solve trust issues on the Internet by giving users more control. He called for a local autonomy approach to try to achieve collective operations and innovative experiments on the network to avoid single solutions leading to dissatisfaction. The report pointed out that although blockchain has no fixed answer, it can help create a more democratic online ecosystem.

▌Nansen announced that it will integrate zkSync and launch its macro data dashboard

According to official news, Nansen announced that it will integrate with zkSync and launch its macro data interface. Nansen said that this interface is just the beginning of cooperation, and the Token God mode will be launched soon in the future, and relevant news will be released this week. Previously, Nansen had cooperated with Arbitrum and curbed witch accounts.

Cryptocurrency

▌Franklin Templeton launches BTC/ETH separate managed account

Manages more than 10,000 Franklin Templeton, the fund giant with US$100 million in assets, has launched the "Franklin Templeton Digital Asset Dynamic BTC/ETH" separately managed account (SMA). SMA provides a nuanced investment approach that enables investors to combine asset diversification and tax optimization strategies. For greater customization, in the crypto space, SMA will provide investors with a range of exposure beyond Bitcoin to the 10 to 15 largest digital assets. Franklin Templeton Digital Asset Core Cap SMA A similar strategy was adopted, but allocation caps for BTC and ETH were each capped at 25% of the portfolio.

▌Bloomberg Analyst: Four BTC ETFs ranked among the top 30 global funds in the first 50 days of listing

Bloomberg senior ETF analyst Eric Balchunas said in According to a post on social media, among the 11,338 funds worldwide, among the top 30 ranked by assets in the first 50 days of listing, four BTC ETFs were on the list, namely IBIT, FBTC, ARKB, and BITB.

▌View: Bitcoin halving may drive consumer adoption of BTC

Bitcoin’s upcoming halving has triggered heated discussions about its impact. Azteco chief marketing officer David Bailey noted that the halving could accelerate consumer adoption of Bitcoin. The move will make Bitcoin cheaper, more accessible and more like other currencies by promoting the adoption of second-layers like the Lightning Network. The halving is essentially a change to the compensation for people who process Bitcoin transactions, a reminder that Bitcoin has a limited supply and that increased demand could push its value upward. In the short term, the halving may lead to more people choosing low-cost transaction processing methods such as the Lightning Network, promoting wider use of Bitcoin.

▌Nilam Resources CEO resigns after announcing acquisition of 24,800 Bitcoins

One day after Nilam Resources announced the acquisition of 24,800 Bitcoins, its CEO announced Resign. The company cooperated with Xyberdata to acquire Bitcoin, but the press release did not specify the source of the Bitcoin, raising questions. The CEO accused stock manipulation and said he would be subject to regulatory investigation. The company's financial situation has also come under scrutiny, as its financial strength is insufficient to support the claimed Bitcoin acquisition.  

Previously reported that Nilam Resources planned to acquire 24,800 Bitcoins through the special entity MindWave.

▌Galaxy Digital CEO: Bitcoin ETF approval may accelerate cryptocurrency adoption

Galaxy Digital CEO Mike Novogratz said that as the U.S. national debt rises and Bitcoin Halving, Bitcoin ETF approval could accelerate cryptocurrency adoption. Despite the pullback in Bitcoin prices, Novogratz believes regulatory approval opens the door to a massive $80 trillion wealth in the United States. Cryptocurrency ETFs have attracted $11 billion in inflows, with the Galaxy-Invesco ETF managing $383 million on Monday. The SEC will rule on the Ethereum ETF in May, and Galaxy Digital is still awaiting SEC approval for listing. Novogratz said the industry will grow significantly in the coming year.

Important economic news

▌The three major U.S. stock indexes all closed slightly lower

The three major U.S. stock indexes all closed slightly fell, with the Nasdaq falling 0.42%, the S&P 500 falling 0.28%, and the Dow falling 0.08%. Trump Media Technology Group (DJT) rose more than 16% on its first day of listing.

Golden Encyclopedia

▌What is block reward ?

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.