Daily Recap 3/23/2024

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News

On March 22nd, options data revealed that 25,000 BTC options expired, featuring a Put Call Ratio of 0.56, a Maxpain point at $67,000 and a notional value of $1.7 billion. Additionally, 250,000 ETH options expired with a Put Call Ratio of 0.51, a Maxpain point of $3,500 and a notional value of $890 million. Link

SoSoValue reports that on March 22nd, Bitcoin spot ETFs experienced a total net outflow of $93.85 million, marking a continuation of a four-day trend of net outflows. The Grayscale ETF GBTC saw a significant single-day net outflow of $358 million, bringing its total historical net outflow to $13.63 billion. Conversely, the BlackRock ETF IBIT recorded the highest single-day net inflow on the same day, amounting to $233 million, which elevates IBIT's total historical net inflow to $13.32 billion. Link

Ethereum developers are proposing to raise the maximum validator stake from 32 ETH to 2,048 ETH in the upcoming Pectra upgrade. This adjustment is encapsulated in EIP-7251, which seeks to permit validators to hold balances ranging from 32 to 2,048 ETH. Link

Projects

Frax - Frax has unveiled a roadmap with the goal of surpassing $100 billion in Total Value Locked in Fraxtal by the end of 2026. Plans include launching 23 officially supported Layer 3s within the next 365 days. Additionally, new assets such as frxNEAR, frxTIA and frxMetis are slated for release this year. Revenue distribution will allocate 50% to veFXS, while the remaining 50% will be used for the buyback of FXS and other Frax assets. Link

WorldCoin - Worldcoin is adopting Personal Custody, which consists of four key components: the device, the orb, a data package with images and a temporary backend storage for transit purposes. Importantly, the backend is incapable of decrypting your data package. Link

Renzo - Defillama indicates that the Total Value Locked in the Ethereum re-staking protocol Renzo has surpassed $1.279 billion, making it the second largest re-staking protocol. Over the past month, Renzo's TVL has seen a 215% monthly increase, with a surge of over 33% in the last seven days. Link

ENS - Google integrated ENS into its search functions. Link

Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.

News

On March 22nd, options data revealed that 25,000 BTC options expired, featuring a Put Call Ratio of 0.56, a Maxpain point at $67,000 and a notional value of $1.7 billion. Additionally, 250,000 ETH options expired with a Put Call Ratio of 0.51, a Maxpain point of $3,500 and a notional value of $890 million. Link

SoSoValue reports that on March 22nd, Bitcoin spot ETFs experienced a total net outflow of $93.85 million, marking a continuation of a four-day trend of net outflows. The Grayscale ETF GBTC saw a significant single-day net outflow of $358 million, bringing its total historical net outflow to $13.63 billion. Conversely, the BlackRock ETF IBIT recorded the highest single-day net inflow on the same day, amounting to $233 million, which elevates IBIT's total historical net inflow to $13.32 billion. Link

Ethereum developers are proposing to raise the maximum validator stake from 32 ETH to 2,048 ETH in the upcoming Pectra upgrade. This adjustment is encapsulated in EIP-7251, which seeks to permit validators to hold balances ranging from 32 to 2,048 ETH. Link

Projects

Frax - Frax has unveiled a roadmap with the goal of surpassing $100 billion in Total Value Locked in Fraxtal by the end of 2026. Plans include launching 23 officially supported Layer 3s within the next 365 days. Additionally, new assets such as frxNEAR, frxTIA and frxMetis are slated for release this year. Revenue distribution will allocate 50% to veFXS, while the remaining 50% will be used for the buyback of FXS and other Frax assets. Link

WorldCoin - Worldcoin is adopting Personal Custody, which consists of four key components: the device, the orb, a data package with images and a temporary backend storage for transit purposes. Importantly, the backend is incapable of decrypting your data package. Link

Renzo - Defillama indicates that the Total Value Locked in the Ethereum re-staking protocol Renzo has surpassed $1.279 billion, making it the second largest re-staking protocol. Over the past month, Renzo's TVL has seen a 215% monthly increase, with a surge of over 33% in the last seven days. Link

ENS - Google integrated ENS into its search functions. Link

Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.

News

On March 22nd, options data revealed that 25,000 BTC options expired, featuring a Put Call Ratio of 0.56, a Maxpain point at $67,000 and a notional value of $1.7 billion. Additionally, 250,000 ETH options expired with a Put Call Ratio of 0.51, a Maxpain point of $3,500 and a notional value of $890 million. Link

SoSoValue reports that on March 22nd, Bitcoin spot ETFs experienced a total net outflow of $93.85 million, marking a continuation of a four-day trend of net outflows. The Grayscale ETF GBTC saw a significant single-day net outflow of $358 million, bringing its total historical net outflow to $13.63 billion. Conversely, the BlackRock ETF IBIT recorded the highest single-day net inflow on the same day, amounting to $233 million, which elevates IBIT's total historical net inflow to $13.32 billion. Link

Ethereum developers are proposing to raise the maximum validator stake from 32 ETH to 2,048 ETH in the upcoming Pectra upgrade. This adjustment is encapsulated in EIP-7251, which seeks to permit validators to hold balances ranging from 32 to 2,048 ETH. Link

Projects

Frax - Frax has unveiled a roadmap with the goal of surpassing $100 billion in Total Value Locked in Fraxtal by the end of 2026. Plans include launching 23 officially supported Layer 3s within the next 365 days. Additionally, new assets such as frxNEAR, frxTIA and frxMetis are slated for release this year. Revenue distribution will allocate 50% to veFXS, while the remaining 50% will be used for the buyback of FXS and other Frax assets. Link

WorldCoin - Worldcoin is adopting Personal Custody, which consists of four key components: the device, the orb, a data package with images and a temporary backend storage for transit purposes. Importantly, the backend is incapable of decrypting your data package. Link

Renzo - Defillama indicates that the Total Value Locked in the Ethereum re-staking protocol Renzo has surpassed $1.279 billion, making it the second largest re-staking protocol. Over the past month, Renzo's TVL has seen a 215% monthly increase, with a surge of over 33% in the last seven days. Link

ENS - Google integrated ENS into its search functions. Link

Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.

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Vitae congue eu consequat ac felis placerat vestibulum lectus mauris ultrices cursus sit amet dictum sit amet justo donec enim diam porttitor lacus luctus accumsan tortor posuere praesent tristique magna sit amet purus gravida quis blandit turpis. Vitae congue eu consequat ac felis placerat vestibulum lectus mauris ultrices cursus sit amet dictum sit amet justo donec enim diam porttitor lacus luctus accumsan tortor posuere praesent tristique magna sit amet purus gravida quis blandit turpis.

  • Neque sodales ut etiam sit amet nisl purus non tellus orci ac auctor
  • Adipiscing elit ut aliquam purus sit amet viverra suspendisse potenti
  • Mauris commodo quis imperdiet massa tincidunt nunc pulvinar
Odio facilisis mauris sit amet massa vitae tortor.

Lorem ipsum dolor sit amet, consectetur adipiscing elit lobortis arcu enim urna adipiscing praesent velit viverra sit semper lorem eu cursus vel hendrerit elementum morbi curabitur etiam nibh justo, lorem aliquet donec sed sit mi dignissim at ante massa mattis. Lorem ipsum dolor sit amet, consectetur adipiscing elit lobortis arcu enim urna adipiscing praesent velit viverra sit semper lorem eu cursus vel hendrerit elementum morbi curabitur etiam nibh justo, lorem aliquet donec sed sit mi dignissim at ante massa mattis. Lorem ipsum dolor sit amet, consectetur adipiscing elit lobortis arcu enim urna adipiscing praesent velit viverra sit semper lorem eu cursus vel hendrerit elementum morbi curabitur etiam nibh justo, lorem aliquet donec sed sit mi dignissim at ante massa mattis.

Vitae congue eu consequat ac felis placerat vestibulum lectus mauris ultrices cursus sit amet dictum sit amet justo donec enim diam porttitor lacus luctus accumsan tortor posuere praesent tristique magna sit amet purus gravida.

Lorem ipsum dolor sit amet, consectetur adipiscing elit lobortis arcu enim urna adipiscing praesent velit viverra sit semper lorem eu cursus vel hendrerit elementum morbi curabitur etiam nibh justo, lorem aliquet donec sed sit mi dignissim at ante massa mattis. Lorem ipsum dolor sit amet, consectetur adipiscing elit lobortis arcu.

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