💰 Over 5% of Bitcoin’s circulating supply now held in ETPs

According to data from the Bold Report, Bitcoin exchange-traded products (ETPs) have achieved a significant milestone, accumulating over 1 million BTC. This translates to an impressive $74 billion in assets under management (AUM). This accumulation represents more than 5% of Bitcoin’s circulating supply, which is approximately 19.7 million Bitcoin.

Source

t.me/Binance_Coinbase_Bybit

💰 Spot bitcoin ETF monthly trading volume nearly tripled in March, hits $111 billion

In March, trading volume for spot bitcoin ETFs surged to $111 million, nearly tripling February's total of $42.2 billion, according to Yahoo Finance compiled on The Block Data Dashboard. February marked the first full month of trading since the products debuted on January 11, and the significant increase in March highlights the growing interest in these new crypto-based financial instruments.

Source

t.me/Binance_Coinbase_Bybit

💰 Long-Term Bitcoin Holders Begin ‘Taking Chips Off the Table’ at Record Highs, Analysis Shows

Glassnode’s 13th weekly 2024 onchain analysis indicates a strategic shift among bitcoin investors as the digital asset reached a new peak, with long-term holders beginning to realize profits. The report shows a significant $2.6 billion per day in realized profits, highlighting a common response to reaching resistance levels at new ATHs. This trend aligns with historical patterns observed in previous cycles, where similar behaviors were noted among the investor cohort.

Source

t.me/Binance_Coinbase_Bybit

💰 Bitcoin ETF Trading Volumes Tripled in March as the Largest Cryptocurrency Hit Record Highs

U.S.-listed bitcoin (BTC) exchange-traded funds (ETFs) captured over $110 billion in trading volume in March, a figure three times higher than the volumes in January and February, as the largest cryptocurrency soared to record highs. Trading was led by BlackRock’s IBIT, which comprised almost 50% of the total, Bloomberg Intelligence analyst Eric Balchunas said on X. Grayscale’s GBTC was next with 20% of the total share, followed by Fidelity’s FBTC at 17%.

Source

t.me/Binance_Coinbase_Bybit

🟠 Binance executive remains detained as 🇳🇬 Nigerian court postpones case

Crypto exchange Binance, currently facing criminal charges in Nigeria, notably lacked legal representation at its April 4 court hearing in the African nation. Instead, the hearing was only attended by its compliance chief, Tigran Gambaryan, who the Nigerian government has detained since the end of February. However, despite expectations for the proceedings to advance, the Nigerian High Court postponed the case until April 19.

Source

t.me/Binance_Coinbase_Bybit

💰 Solana scrambles to tackle failed transaction surge and user complaints

Solana is working “around the clock” to fix its current issues, which include the proliferation of failed transactions on the network. Solana is working “around the clock” to fix its current issues, which include the proliferation of failed transactions on the network. Meanwhile, Anatoly Yakovenko, Solana co-founder, also pointed out the challenges in combating congestion issues on a network. Over the past weeks, the high-flying Solana network has witnessed an upsurge in the number of failed transactions.

Source

t.me/Binance_Coinbase_Bybit

💰 Bitdeer Utilizes Chip Giant TSMC, Eyeing $60M in Bitcoin Mining Equipment Production

According to the publicly-listed mining corporation Bitdeer, the company is employing Taiwan Semiconductor Manufacturing Company (TSMC) for its Sealminer A1 mining rigs for the third quarter. Bitdeer also disclosed that it extracted 294 bitcoins in March, marking a 28.4% enhancement over March 2023’s earnings. Bitdeer stated that as of March 31, it had “committed orders for wafers” from TSMC, anticipating that the assembly of these rigs would generate $60 million from Sealminer A1 mining equipment.

Source

t.me/Binance_Coinbase_Bybit

💰 US Bitcoin ETFs Bounce Back With $569.4M in Net Inflows After Initial Dip

U.S. spot bitcoin ETFs experienced a streak of four days of net inflows. The influx began modestly with $39.5 million on April 2, escalated to $113.5 million the next day, and soared to $213.4 million on April 3. The week’s culmination saw Friday pulling in an impressive $203 million, as reported by coinglass.com figures. Despite overall market positivity, Grayscale‘s GBTC encountered the day’s largest outflow among the ETFs. Trading volume for the ETFs on Friday summed up to approximately $2.37 billion, marking a 31.5% decrease from Thursday’s $3.46 billion.

Source

t.me/Binance_Coinbase_Bybit

🇰🇷 South Korean party bets on US 💰 Bitcoin ETF access for votes

According to a Bloomberg report on April 5, the opposition Democratic Party has vowed to remove restrictions on domestic and international exchange-traded funds (ETFs) directly holding crypto tokens, including United States Bitcoin ETFs. Following the approval of Bitcoin ETFs in January, South Korea’s securities regulator warned that local distribution of these ETFs could violate domestic laws.

Source

t.me/Binance_Coinbase_Bybit

💰 Bitcoin Sees Third Best Quarterly Trading Volume in 3 Years: Report

The first quarter of 2024 turned out to be Bitcoin’s (BTC) third-best in the past three years, according to a report from crypto data analytics platform Kaiko. Q1 2024 was Bitcoin’s best quarter in a year as the network witnessed a surge in trading volume. The $1.4 trillion traded in the quarter was the largest cumulative amount the network had seen in more than two years, representing a 107% increase from the $674 billion recorded in Q4 2023.

Source

t.me/Binance_Coinbase_Bybit

🪙 New users flock to Ethereum while long-term holders are less active than ever

Long-term holders of ether, the currency of the Ethereum blockchain, appear to be holding on tighter than ever before. According to data from The Block, the active supply of ether, or the supply that has been moved from one wallet to another within certain time periods, is currently at a historical low point for periods of one year or longer. The active supply over 30- and 90-days is also near all-time lows, having fallen over half from their peaks.

Source

t.me/Binance_Coinbase_Bybit

🏦 Coinbase Bitcoin holdings plummet by 85,000 BTC in 30 days, second biggest on record

Glassnode data reveals a substantial decrease in Bitcoin (BTC) holdings on the Coinbase exchange. Over the last 30 days, a notable 85,000 BTC have been withdrawn from the platform, marking the second-largest net outflow on record for a 30-day period. This mirrors a similar occurrence in March 2021, when 86,000 BTC left Coinbase. Coinbase possessed approximately 1 million BTC, but by July 2021, this figure had dwindled to just 730,000 BTC – a reduction of 270,000 BTC amidst the price surge from $10,000 to $60,000.

Source

t.me/Binance_Coinbase_Bybit

💰 Bitcoin’s latest rally driven by ‘huge accumulation’

Bitcoin’s (BTC) latest rally was driven by “huge accumulation” as investor appetite remains high despite five days of trading in the red over the past week, according to CryptoQuant research. Just three days ago, Bitcoin was trading at roughly $65,500 as markets closed on Friday. However, a sustained rally over the weekend took prices to $72,500 before US markets opened for trading on Monday.

Source

t.me/Binance_Coinbase_Bybit

🇺🇸 SEC delays decision on spot 💰 bitcoin ETF options

The Securities and Exchange Commission published a notice Monday saying that it "designates May 29, 2024 as the date by which the Commission shall either approve or disapprove, or institute proceedings to determine whether to disapprove," allowing the New York Stock Exchange to start listing options on spot bitcoin ETFs. Two spot bitcoin ETFs named specifically were Bitwise Bitcoin ETF and the Grayscale Bitcoin Trust, but the proposal also opened the door to "any trust that holds Bitcoin."

Source

t.me/Binance_Coinbase_Bybit

🪙 VanEck, CoinShares CEOs doubt SEC will approve spot Ethereum ETFs: CNBC

Firms that gained the Securities and Exchange Commission's approval for a spot bitcoin exchange-traded fund are not feeling very confident that the agency will greenlight proposals for an ether product, according to reporting from CNBC. VanEck CEO Jan van Eck told CNBC in an interview posted on Tuesday that he expected the VanEck Ethereum ETF to be rejected in May – the first deadline approaching for when the SEC will decide whether to allow those products to pass.

Source

t.me/Binance_Coinbase_Bybit

🏦 Coinbase files interlocutory appeal in its case against the SEC

Coinbase filed a motion to appeal a judge's decision last month decision made last month, which allowed a lawsuit involving the Securities and Exchange Commission (SEC) and the exchange to proceed without being dismissed. SEC Commissioners to lawmakers to courts themselves have been at odds on how the Howey Test applies to transactions, Coinbase's lawyers said in the 27-page appeal. The Howey Test is based on a 1946 U.S. Supreme Court case frequently cited by the SEC.

Source

t.me/Binance_Coinbase_Bybit

📊 US, UK, Germany Among Countries With Largest Government Crypto Holdings, Arkham's Data Shows

The United States, United Kingdom, and Germany rank among the top countries holding cryptocurrencies at the government level, according to data from Arkham Intelligence. The crypto analytic firm’s onchain analysis shows that the U.S. government holds 212,847 bitcoins while El Salvador has been purchasing one bitcoin daily as announced by its president.

Source

t.me/Binance_Coinbase_Bybit