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🥇 Spot Bitcoin ETF flows turn positive this week as Grayscale’s GBTC outflows slow This week’s flows into the combined U.S. spot Bitcoin exchange-traded funds turned positive on Wednesday, eclipsing the net outflows witnessed on Monday. Wednesday’s $113.5 million worth of net inflows, following the $40.3 million added on Tuesday, were enough to surpass the $87.5 million in net outflows registered on Monday, according to CoinGlass data. Fidelity’s FBTC spot Bitcoin ETF led yesterday’s inflows, adding $116.7 million, with BlackRock’s usually dominant IBIT fund second, bringing in $42 million. Source 🔍 More Crypto News

🥇 Bitcoin Investment Products Ended March With Inflows of $865M Amid Renewed Interest Digital asset investment products experienced a positive shift in sentiment during the last week of March, with inflows reaching $862 million, nearly recovering from the previous week’s record outflows of $931 million. Despite this encouraging rebound, CoinShares revealed that ETF activity appears to be slowing down. In fact, the latest data shows that the daily trading turnover now stands at $5.4 billion, representing a 36% decline from its peak three weeks ago. Source 🔍 More Crypto News

📊 Crypto exchange monthly spot volume doubled in March, reaching nearly $2.5 trillion for first time since 2021 Cumulative monthly spot volume on centralized crypto exchanges more than doubled in March to reach nearly $2.5 trillion. Monthly spot volume had been gradually increasing since bottoming out at around $324 billion in September 2023, tracking at just over $1 trillion in December and January and reaching $1.2 trillion in February. However, it remains 40% lower than the all-time high monthly spot volume of $4.2 trillion recorded in May 2021. Source 🔍 More Crypto News

🪙 Vitalik Buterin Says Layer 3s Won’t Magically Increase Throughput Ethereum co-founder Vitalik Buterin has re-upped his post from 1.5 years ago on “Layer 3s”, saying that L3s won’t magically increase throughput. Still, they can reduce certain fixed costs associated with batch publishing and deposits or withdrawals. In one of them, Layer 2 is responsible for scaling, while Layer 3 focuses on customizing functionality. While this doesn’t directly enhance scalability, it allows applications to scale through L2s while dissecting layers to meet specific operational requirements for diverse use cases. Source 🔍 More Crypto News

💰 Bitcoin Dips Below $66,000 Ahead of Fourth Halving, Loses Over 5% in 24 Hours 📉 The price of bitcoin experienced a decline on Monday, near 10:00 p.m. Eastern Time (ET), tumbling to a position slightly over the $66,000 mark. By 6:30 a.m. the following day, it had edged down further to reach its intraday low of $65,480 per unit. In the wake of this downturn, the crypto derivatives markets saw the liquidation of bitcoin long positions amounting to $135.3 million wiped out. Source 🔍 More Crypto News

🚨 Crypto thefts fall 48% month over month to $79 million in March 📉 Crypto hacks saw a consecutive monthly decline, with malicious players stealing roughly $79 million from decentralized finance projects in March. A breakdown of the incidents showed that targeted exploits on protocols resulted in the highest losses, totaling $52.1 million. This was followed by flash loan attacks and phishing incidents, which resulted in cumulative losses of approximately $43 million. Source 🔍 More Crypto News

🪙 FTX bankruptcy estate aiming to begin repaying creditors by the end of 2024 The FTX bankruptcy estate has set a goal to begin repaying customers by the end of 2024, according to notes from a meeting of FTX Digital's Joint Official Liquidators in the Bahamas. To that end, both the Chapter 11 Debtors and the Joint Official Liquidators "have a shared goal to make the first interim distribution by the end of 2024 to creditors with admitted claims and satisfactory KYC documentation," the notes, from the meeting on Mar. 15, read. Source 🔍 More Crypto News

💰 Bitcoin Futures Open Interest Hits Record $37.55 Billion With CME Leading the Pack On Friday, March 29, 2024, the combined open interest in bitcoin futures reached a new all-time peak of $37.55 billion. This uptick occurs amid buoyant bitcoin markets and a growing attraction from institutional investors. Since the close of 2023, interest in bitcoin (BTC) derivatives has escalated, reaching new peaks. As of 1:25 p.m. Eastern Time on Friday, data from coinglass.com reveals that BTC futures boast an open interest (OI) of $37.55 billion, equivalent to approximately 539,430 BTC. Source 🔍 More Crypto News

📣 Google now allows wallet address searches for Bitcoin, Fantom, Arbitrum and others Google now allows users to search balances of wallets on Bitcoin, Arbitrum, Avalanche, Optimism, Polygon and Fantom blockchain. The search results when typing in wallet addresses display the remaining token balance in the wallet per network and the time the balance was last updated. “Balances show only the native token for each network. Last updated timestamp shows balance as of last external transaction. Updates are not instantaneous,” Google noted in its search results. Source 🔍 More Crypto News

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💰 Bitcoin options open interest for March expiry on Deribit hits record levels Over $9.5 billion worth of bitcoin options open interest is set to expire this week on the Deribit cryptocurrency derivatives exchange. This makes Friday's end-of-month expiry one of the largest the leading crypto derivatives exchange has ever seen. "This Friday marks one of the biggest expiries in Deribit's history as $9.5 billion bitcoin options open interest out of $26.3 billion will expire, or 40%," Deribit analysts said in a note sent to The Block. Source 🔍 More Crypto News

💰 Ripple needs to pay $1.95 billion in fines, SEC says in proposed final judgment The Securities and Exchange Commission wants Ripple Labs to pay close to $2 billion and asks a New York court to weigh the "severity" of the firm's misconduct. In a proposed final judgment filed on Monday, the SEC asked Judge Analisa Torres to approve the fine, which includes $876 million in disgorgement, $198 million in prejudgment interest and a civil penalty of $876 million. Source 🔍 More Crypto News

🇵🇭 Phillipines regulators take steps to block 🟠 Binance Regulators in the Philippines are taking steps toward blocking local traders’ access to Binance. The Philippines Securities and Exchange Commission (SEC) said Monday in a statement that it has worked on obstructing access to the world’s largest crypto exchange by daily trading volumes because the platform does not have the required regulatory license to operate within its jurisdiction. The agency two weeks ago asked the National Telecommunications Commission (NTC) to help block Binance-linked web pages. Source 🔍 More Crypto News

🟠 Binance ends Tron USDC support as it faces blockade in the Philippines Crypto exchange Binance said it would end support for Tron network-based USD Coin (USDC) stablecoins by April 5, according to a March 25 statement, following recent news Circle is pulling out of the Tron blockchain entirely. Consequently, Binance users have less than two weeks to withdraw their assets or convert them to USDC on alternative networks. Notably, transactions involving USDC via other supported networks like Ethereum remain unaffected. Source 🔍 More Crypto News

🚨 Heco Bridge Hacker Moves $137 Million in Stolen ETH to Tornado Cash In a recent development observed by onchain alerts, the entity responsible for exploiting the Heco bridge and siphoning off millions in ethereum late in November 2023 from the conduit bridge connecting Ethereum and the Heco blockchain, transferred 40,391.8 ether to the mixing platform Tornado Cash. Source 🔍 More Crypto News

💰 9 New Bitcoin ETFs Accumulate $1.3B in BTC in 6 Days as Funds Near the 500,000 Milestone In the span of just six days, the nine freshly launched spot bitcoin exchange-traded funds (ETFs) have gathered 20,859.57 bitcoins, valued at over $1.3 billion. Holding 474,363.55 bitcoins worth $30.6 billion, these new ETFs are short of 25,636.45 coins to hit the 500,000 milestone. Source 🔍 More Crypto News

🇦🇷 Argentinians Turn to 💰 Bitcoin Amid Increasing Inflation Rates: Report Argentina’s 276% inflation drives Bitcoin buying frenzy: 34,700 BTC purchased in March’s first week, the highest in 20 months. In the face of relentless inflation and economic instability, Argentinians are increasingly turning to Bitcoin as a refuge, with recent data indicating a surge in purchases of the cryptocurrency. This trend comes as Bitcoin has experienced a remarkable rally in recent months, hitting record highs and outpacing traditional hedges against inflation, such as the U.S. dollar. Source 🔍 More Crypto News

💰 BlackRock sees Bitcoin as integral part of financial system – little interest in other crypto BlackRock believes that Bitcoin (BTC) will become an integral part of the financial system over the coming decade as it increasingly melds with the best parts of the traditional financial system. The asset manager’s Head of Digital Assets, Robert Mitchnick, made the statement during Reflexivity Research’s Bitcoin Investor Day on March 22. FOX Business reporter Eleanor Terrett reported his comments via X. Source 🔍 More Crypto News

💰 Ripple leaders forecast SEC defeat in Ethereum security saga Ripple CEO Brad Garlinghouse said the US Securities and Exchange Commission (SEC) would lose its war against Ethereum. In a March 22 post on social media platform X (formerly Twitter), Garlinghouse pointed out that the financial regulator lost its securities classification battle against his company’s XRP token and is on course to suffer a similar fate if it attempts to classify ETH as security. Ripple’s Chief legal officer Stuart Alderoty, sharing similar views with Garlinghouse, added that the US Congress should stop funding this “insanity.” Source 🔍 More Crypto News

💰 Greenpeace's Anti-Bitcoin "Mining for Power" Report Receives Fierce Backlash on X “Mining for Power,” an anti-Bitcoin report by Greenpeace USA that explains the links between the bitcoin mining industry and fossil fuel companies, has faced a backlash in social media due to its inaccurate portraits of the mining activity. Using community notes, social network users detailed the report contained “many factual errors,” including outdated information. Source 🔍 More Crypto News

⬜️ Crypto Exchange OKX to End Services in 🇮🇳 India Crypto exchange OKX notified clients in India that they have until the end of April to wind up their positions because it is ending its service in the world's most populous country as a result of local regulations. The notice – seen by CoinDesk – told the customers they need to close all margin positions, as well as positions in perpetuals, futures and options and withdraw all funds by April 30. Source 🔍 More Crypto News

🇲🇪 Montenegro court rejects Do Kwon’s appeal, clears way for extradition to South Korea The Appellate Court of Montenegro has declined Do Kwon’s appeal to halt his extradition to South Korea, according to a March 20 notice. In its ruling, the Court affirmed the High Court’s decision to deport Kwon, the co-founder of now-defunct Terraform Labs, to face criminal charges in South Korea. These charges are linked to his alleged role in the collapse of Terra’s algorithmic UST stablecoin, which resulted in significant losses exceeding $40 billion for investors globally. Source 🔍 More Crypto News

💰 With 1 Month to Go, Bitcoin Halving Poised to Shift Mining Dynamics Per the most recent data, we are a month away, or precisely 30 days, from the fourth Bitcoin halving event. This significant milestone will cut the mining rewards from 6.25 bitcoins per block to 3.125 bitcoins per block after the halving. The summary below outlines the essentials to grasp the changes occurring during the halving, including the reduction of the inflation rate from an annual 1.69% to 0.84% subsequent to the event. Source 🔍 More Crypto News

💰 GBTC Experiences Its Largest Daily Drain Yet, Nearly 239,000 BTC Gone in Under 70 Days According to the latest statistics, Grayscale’s Bitcoin Trust (GBTC) experienced its most significant outflow on March 18, 2024, totaling $643 million. Onchain experts have closely observed GBTC’s activities as a considerable number of bitcoin have been moved out of the trust’s reserves. Source 🔍 More Crypto News

🟠 Binance co-founder Changpeng Zhao to launch Giggle Academy amid legal woes Changpeng Zhao, the embattled co-founder of Binance, wants to launch a non-profit educational platform called Giggle Academy. According to the project’s concept paper, Giggle Academy aims to address educational disparity by focusing on underprivileged populations without access to formal schooling. The initiative aims to offer free basic education to all through an engaging and personalized experience. The platform will be accessible online and generate no revenue. Source 🔍 More Crypto News

💰 Predicting Bitcoin's Bull Run Values: Plan B's S2F Model and Ledn CIO's $92,000 Target As bitcoin hovers around the $67,000 mark on March 18, 2024, there’s still widespread speculation about the potential for its price to climb even higher. The analyst Plan B continues to shed light on his well-known stock-to-flow (S2F) model, which suggests that “exponential growth” is expected to “continue.” Source 🔍 More Crypto News

💰 Spot bitcoin ETFs reach record highs for weekly inflows and trading volume Weekly net inflows and trading volume for U.S. spot bitcoin exchange-traded funds hit record levels last week as bitcoin reached fresh all-time highs before retreating sharply. Net inflows for the ten spot bitcoin ETFs combined reached $2.57 billion last week — up 15 % from the $2.24 billion worth of inflows generated the week prior — according to data from BitMEX Research and Farside Investors. Source 🔍 More Crypto News

💰 Bitcoin Miners Near Final Month Before Reward Halving Slashes Revenues There are 34 days left until the Bitcoin network’s halving event, expected on or around April 20, 2024, which will reduce miners’ rewards by half. Bitcoin’s price has remained above $60,000 throughout March, reaching close to $74,000 on March 14. Between onchain fees and the price increase, these factors could offset revenue losses from the halving for miners. However, the halving will make mining much less profitable, particularly for those with high operational costs, potentially leading some to cease operations. Source 🔍 More Crypto News

💰 $200B Financial Group Cetera Approves 4 Spot Bitcoin ETFs on Its Platform Cetera Financial Group, a platform with $475 billion in assets under administration and $190 billion in assets under management, has approved four U.S. spot bitcoin exchange-traded funds (ETFs) for use in brokerage accounts on its platform. “We are prudently embracing bitcoin ETFs and we prioritized developing this important guidance to help our financial professionals implement these products in client portfolios,” said Cetera’s head of investment products. Source 🔍 More Crypto News

💰 Vanguard’s outgoing CEO sticks to anti-Bitcoin ETF stance, despite inquiries The Vanguard Group CEO, Tim Buckley, has maintained his strong opposition to Bitcoin exchange-traded funds (ETF) despite facing criticism from customers and ongoing inquiries about the firm’s plans to offer them. In a recent video published by Vanguard, Buckley cautioned against including Bitcoin ETFs in retirement investment plans due to the asset’s volatile nature. “When stocks got hammered in the recent crisis, Bitcoin went right with them. And so it is speculative. Source 🔍 More Crypto News

💰 Bitcoin Trader Sees Prices Slumping to $60K as Crypto Bulls See $650M in Liquidations Crypto market capitalization dropped 7%, its sharpest fall this year, as bitcoin (BTC) plunged 8% in the past 24 hours to wipe weekly gains and kickstart a marketwide decline. Bitcoin slumped from Thursday’s high of $73,000 to as low as $65,800 early Friday before slightly recovering. Meanwhile, Coindesk 20, a broad-based index of most liquid cryptocurrencies, was down 8.25%. Source 🔍 More Crypto News

🟠 Binance quietly spun off $10 billion venture arm Binance Labs Binance, the world’s leading crypto exchange by trading volume, has seemingly spun off its venture capital and incubation arm Binance Labs, according to its website. “Binance Labs is an independent venture and not part of the Binance Group nor is it involved in any of the businesses operated by the Binance Group (including but not limited to the Binance cryptocurrency exchange),” a disclaimer on the site now reads. Source 🔍 More Crypto News

🟠 BNB Chain Launches Rollup-as-a-Service to Bolster L2 Blockchain Development On Thursday, the team behind BNB Chain introduced a novel Rollup-as-a-Service (RaaS) offering for the development of layer two blockchains (L2s) atop the BNB Chain. The team detailed that the service equips sizable decentralized applications (dapps), enterprises, and the BNB Chain with the essential technological framework required for launching specific L2s on BNB Smart Chain (BSC). Source 🔍 More Crypto News

🇭🇰 Hong Kong regulators issue warning against Bybit exchange Hong Kong's Securities & Futures Commission (SFC) has placed cryptocurrency exchange Bybit on its warning list as of March 14. "The Securities and Futures Commission (SFC) today warns the public of an unlicensed virtual asset trading platform (VATP) known as Bybit," the regulator wrote, "which offers trading services in crypto-related products in a number of jurisdictions." Source 🔍 More Crypto News

💰 Samson Mow says Bitcoin will hit $1 million this year amid unprecedented demand Jan3 CEO Samson Mow said Bitcoin is on track to hit $1 million per coin this year or the next based on market conditions, the upcoming halving, and broader economic factors. Mow’s bullish stance on Bitcoin’s future comes at a time when the crypto market is witnessing an unprecedented level of interest from institutional investors, as seen with the involvement of entities like BlackRock and the emergence of spot Bitcoin ETFs. Source 🔍 More Crypto News

💰 BlackRock’s spot bitcoin ETF crosses $15 billion in AUM amid record inflow and volume BlackRock’s IBIT spot bitcoin exchange-traded fund reached $15 billion in assets under management on March 12 after securing its largest daily inflows since it launched exactly two months earlier. In bitcoin terms, BlackRock’s IBIT fund has reached more than 212,000 ($15.4 billion) under management, while Fidelity’s FBTC has surpassed 126,000 bitcoin ($9.2 billion) in assets, according to data from BitMEX Research. Ark Invest 21 Shares’ ARKB is in third with over 38,000 bitcoin ($2.8 billion) in assets. Source 🔍 More Crypto News

🇸🇻 El Salvador Has More Bitcoin Than Public Estimates With Multiple BTC Revenue Sources, President Bukele Indicates President Nayib Bukele of El Salvador has indicated that his country’s bitcoin holdings may exceed public estimates. He revealed that El Salvador has been generating bitcoin-related revenue from various sources in addition to the capital gains from bitcoin purchased since its legalization as a legal tender in the country. Source 🔍 More Crypto News

💰 JP Morgan CEO says he'll defend people's right to buy bitcoin JPMorgan Chase CEO Jamie Dimon said that despite his reservations towards bitcoin, he would still defend people’s right to purchase the asset if they wish. At this week's Australian Financial Review business summit in Sydney, Dimon discussed bitcoin's recent rally and offered his thoughts on the timing of this year's possible rate cut by the U.S. Federal Reserve. Source 🔍 More Crypto News