Thursday, February 29, 2024
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We're now less than 10% away from Bitcoin's all-time high. Where will we go next? In today's news:
Onwards and upwards 📈 That's a ton of money! 💰
Read on! | | 24h Hot Searches Worldwide 🔥 | | From Privacy Coins to Privacy Blockchains | | Privacy coins have lost 44.3% market share to privacy blockchains since 2021.
The top 3 privacy blockchains are Mina Protocol (23.2%), Oasis Network (13.6%), and Aleph Zero (6.1%), which have all overtaken Zcash and Dash in terms of market capitalization. | | |
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Onwards and upwards 📈 Bitcoin is now past $60K! Off the back of record volumes from the nine spot Bitcoin ETFs on Tuesday, the world's largest cryptocurrency surged by 12% from $57K to a peak of $64K but has since retreated to the $62K range as of the time of writing. The mad, mad rush for Bitcoin proved to be too much even for Coinbase, as some users had their account balances showing zero. According to Coinbase's CEO Brian Armstrong, the exchange was ready to handle a 10x increase in traffic, but there were a whole lot more users wanting to get in on the action. As evident from yesterday's spot Bitcoin ETF volume, 'The Nine' nearly doubled their previous record with over $7.7B in cumulative volume yesterday. According to data from Farside, despite $216M worth of redemptions of GBTC, the ETFs more than made up the difference with major flows to the current leaders of the 'Cointucky Derby,' Blackrock's iShares Bitcoin ETF (IBIT) accepted approximately $612M worth of funds, close to 2.5x the inflows of Fidelity's Advantage Bitcoin ETF (FBTC).
Editor's Take:
Even as the open Interest and funding rates for Bitcoin futures have reached record-breaking heights, the aura of cautiousness now is not as prevalent as before in 2023. Bitcoin ETFs have clearly become the gateway for a much broader and, frankly, more traditional demographic of market participants, which beckons a shift in the crypto market environment. | | | Airdrops seem to be undergoing a resurgence along with the markets. Check out the top airdrops to watch for in 2024! | | | That's a ton of money! 💰 Telegram channel owners rejoice!
Broadcast channels receive over a trillion views monthly, but only 10% of them are monetized using Telegram's Ads Platform until now.
Announced by CEO Pavel Durov in his private Telegram channel, the messaging app will soon introduce a revenue-sharing system where 50% will be paid out to channel owners.
The revenue will be collected through their Ads Platform and will be available to over 100 new countries in March.
Additionally, Durov also stated that payments for ads and withdrawals of shared revenue will be conducted exclusively on Telegram's Ton blockchain.
After the announcement was made, TON surged by 31.5% from $2.16 to $2.84 but has since fallen back to $2.64. | | | Mode is a modular Layer 2 built on Ethereum using the OP Stack. With the Mode Sunrise Campaign, users can start earning points that will be converted to tokens in April. Find out how to earn points in today's article. | | | | | 🦎Tell us what you think! We've just revamped our newsletter with a new and fresh format!
Whether you're a long-time subscriber or just passing by, do let us know if you like the changes and what we can improve on! | |
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