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Category: ICO
Bitcoin ETF Price/Flow Correlation is Declining: JPMorgan
The price of bitcoin (BTC) has not been moving as closely in relation to flows in and out of the spot ETFs as it previously did, according to JPMorgan. Source
BNB Token Hits 16-Month High as Binance Users Move $400M Tokens for Portal’s Airdrop Farming
“A lot of sentiment was around U.S. sanctions impacting Binance beyond just the U.S.,” David Alexander, research partner at Anagram, said in an interview via X direct messages. “In many ways, BNB’s performance is tied to the exchange, so if user activity and volume on the exchange suffered, this could spill over into the broader ecosystem of the BNB network.” Source
Frankfurt to Host New EU Money Laundering Watchdog Tasked With Monitoring Crypto
“We’re mitigating risks linked to large sums of money with an EU-wide limit of 10,000 euros for cash payments. At the same time, we’re addressing risks posed by crypto and the anonymity is enables,” Mairead McGuinness, European Commissioner for Financial Stability, Financial Services and Capital Markets Union said during a Thursday press conference on the decision. Source
The European Central Bank Is Either Lying About Bitcoin or Lying to Itself
Later, the authors directly contradict themselves when discussing the precise reason why bitcoin is falling out of favor for criminal use: because it is run on an immutable, fully public and transparent ledger. “Therefore, Bitcoin has been a cursed tool for anonymity, facilitating illicit activities and leading to legal action against offenders by the tracing of transactions,” they write. Source
Retail Investors Were Likely Behind The Crypto Market Rally in February, JPMorgan Says
Increased retail activity comes ahead of the three main catalysts in the coming months: the bitcoin halving, the Dencun upgrade of the Ethereum blockchain and the potential approval of spot ether ETFs, the report said. Source
S&P Global Just Made Ethereum’s Centralization Risk a TradFi Concern
Lido, the largest Ethereum validator with just under 33% stake, and Coinbase, holding 15%, pose potential concentration risks, but a potential ether staking ETFs in the U.S., along-side spot ETFs, may reduce this by opting for institutional custodians and diversifying stakes across multiple entities, S&P analysts wrote in their report. Source
Nvidia Earnings Send AI Tokens Higher, Worldcoin Reaches ATH
Taking the lead in terms of gains is Worldcoin’s WLD, which is up 40% on the day and almost 170% over the past 7 days. The token touched a new all-time high of $8.85 earlier and was trading at $8.54 at press time. Worldcoin was co-created by OpenAI founder Sam Altman and thus often associated with AI-related projects. SingularityNET {{AGIX}}, a decentralized AI marketplace, saw its token climb 43%. FetchAI {{FET}} was up 18%. Source
Coinbase Pushes Back on Reports It's Blocked in Nigeria
Multiple outlets have reported other platforms such as Kraken and Binance have also been blocked under government orders. Source
Bitcoin ETF Net Inflows Slow to a Trickle as Price Flattens
Inflows into the 10 spot bitcoin exchange-traded funds dropped to a two-week low on Wednesday, with the group attracting only about a net 500 bitcoin, some $25.5 million, data collected from the issuers’ websites shows. Source