News
SoSoValue reports that on April 1st, Bitcoin spot ETFs experienced a total net outflow of $85.84 million. Specifically, the Grayscale ETF saw a significant single-day net outflow of $302 million. In contrast, the BlackRock ETF and Fidelity ETF recorded net inflows of $165 million and $43.99 million, respectively. Moreover, the cumulative historical net inflow for Bitcoin spot ETFs has reached $12.04 billion. Link
Vitalik has reiterated his insights from 18 months ago regarding "layer 3s," highlighting that while they don't inherently boost throughput, they can diminish certain fixed expenses associated with batch publishing and deposits/withdrawals. He also suggests that there might be alternative, more "lightweight" methods to achieve the same cost reductions that layer 3s offer. Link
Deribit, the leading cryptocurrency options exchange, has announced its receipt of a conditional Virtual Asset Service Provider licence from Dubai’s Virtual Asset Regulatory Authority for Virtual Asset Exchange Services. Consequently, Deribit is moving its global headquarters to Dubai. Link
Projects
MakerDAO - MakerDAO is contemplating investing 600 million DAI into USDe and staking USDe via the DeFi lending platform Morpho Labs. This proposition, still under consideration, could potentially boost the total value locked in Ethena. Link
Zircuit - A month after its launch, the ZK-rollup L2 initiative, Zircuit, has seen its total value locked surpass $1.1 billion, with 312,600 ETH/LST and over 50 million USDe committed. Zircuit characterises itself as a ZK-rollup incorporating parallel circuitry and AI safety features at the sequencer stage. Link
Wormhole - Binance has announced that it will list Wormhole (W) and initiate trading for the following spot trading pairs on 2024-04-03 at 12:00 (UTC): W/BTC, W/USDT, W/FDUSD, and W/TRY. 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
SoSoValue reports that on April 1st, Bitcoin spot ETFs experienced a total net outflow of $85.84 million. Specifically, the Grayscale ETF saw a significant single-day net outflow of $302 million. In contrast, the BlackRock ETF and Fidelity ETF recorded net inflows of $165 million and $43.99 million, respectively. Moreover, the cumulative historical net inflow for Bitcoin spot ETFs has reached $12.04 billion. Link
Vitalik has reiterated his insights from 18 months ago regarding "layer 3s," highlighting that while they don't inherently boost throughput, they can diminish certain fixed expenses associated with batch publishing and deposits/withdrawals. He also suggests that there might be alternative, more "lightweight" methods to achieve the same cost reductions that layer 3s offer. Link
Deribit, the leading cryptocurrency options exchange, has announced its receipt of a conditional Virtual Asset Service Provider licence from Dubai’s Virtual Asset Regulatory Authority for Virtual Asset Exchange Services. Consequently, Deribit is moving its global headquarters to Dubai. Link
Projects
MakerDAO - MakerDAO is contemplating investing 600 million DAI into USDe and staking USDe via the DeFi lending platform Morpho Labs. This proposition, still under consideration, could potentially boost the total value locked in Ethena. Link
Zircuit - A month after its launch, the ZK-rollup L2 initiative, Zircuit, has seen its total value locked surpass $1.1 billion, with 312,600 ETH/LST and over 50 million USDe committed. Zircuit characterises itself as a ZK-rollup incorporating parallel circuitry and AI safety features at the sequencer stage. Link
Wormhole - Binance has announced that it will list Wormhole (W) and initiate trading for the following spot trading pairs on 2024-04-03 at 12:00 (UTC): W/BTC, W/USDT, W/FDUSD, and W/TRY. 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
SoSoValue reports that on April 1st, Bitcoin spot ETFs experienced a total net outflow of $85.84 million. Specifically, the Grayscale ETF saw a significant single-day net outflow of $302 million. In contrast, the BlackRock ETF and Fidelity ETF recorded net inflows of $165 million and $43.99 million, respectively. Moreover, the cumulative historical net inflow for Bitcoin spot ETFs has reached $12.04 billion. Link
Vitalik has reiterated his insights from 18 months ago regarding "layer 3s," highlighting that while they don't inherently boost throughput, they can diminish certain fixed expenses associated with batch publishing and deposits/withdrawals. He also suggests that there might be alternative, more "lightweight" methods to achieve the same cost reductions that layer 3s offer. Link
Deribit, the leading cryptocurrency options exchange, has announced its receipt of a conditional Virtual Asset Service Provider licence from Dubai’s Virtual Asset Regulatory Authority for Virtual Asset Exchange Services. Consequently, Deribit is moving its global headquarters to Dubai. Link
Projects
MakerDAO - MakerDAO is contemplating investing 600 million DAI into USDe and staking USDe via the DeFi lending platform Morpho Labs. This proposition, still under consideration, could potentially boost the total value locked in Ethena. Link
Zircuit - A month after its launch, the ZK-rollup L2 initiative, Zircuit, has seen its total value locked surpass $1.1 billion, with 312,600 ETH/LST and over 50 million USDe committed. Zircuit characterises itself as a ZK-rollup incorporating parallel circuitry and AI safety features at the sequencer stage. Link
Wormhole - Binance has announced that it will list Wormhole (W) and initiate trading for the following spot trading pairs on 2024-04-03 at 12:00 (UTC): W/BTC, W/USDT, W/FDUSD, and W/TRY. 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.
