As of 1:30 p.m. Eastern time (18:30 UTC), almost 36 million IBIT shares worth over $1.2 billion changed hands with two hours left of the trading session, per Barchart. Grayscale’s GBTC and Fidelity’s FBTC are also having a strong day, trading over $880 million and $660 million, respectively, so far. Source
“As DeFi continues to lead on Arbitrum, we’ll now see one of the most recognizable trading platforms bring low-cost in-app swaps to a wide audience of traders,” said A.J. Warner, chief strategy officer at Offchain Labs, the primary developer firm behind the Arbitrum network, in the press release. Source
The House Financial Services Committee also seemed inclined to adopt a bill giving the U.S. Secret Service more resources to investigate crypto crimes. Source
The central point of the bank’s estimated production cost range is currently around $26,500, which would mechanically double to $53,000 post-halving. The bitcoin network could also see a 20% decline in its hashrate after halving, which would reduce the BTC estimated production cost and the price to $42,000, the report said. Source
In the world of digital assets, real world assets on-chain private credit brings the process of lending and borrowing against real-world assets onto a blockchain. Source
According to Cardoso, Nigeria’s anti-corruption agency, police and national security adviser had started investigating crypto exchanges, the FT reported. The agencies want to see a list of past and present Binance Nigeria users, a person familiar with the matter told the newspaper. Source
The smart wallet will be an addition to Coinbase Wallet SDK, a software toolkit that allows developers to create a wallet instantly inside of decentralized applications with passkey, meaning no complex systems like using seed phrases or any extra steps will be needed. Source
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The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 29, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
“By investing in the future of TradeTech, we are not just facilitating smoother trade transactions; we are laying the groundwork for a more interconnected and efficient global trade ecosystem,” said Dominik Schiener, co-founder of IOTA and chairman of the IOTA Foundation. Source