The week of 03/11 in brief. The news concerning Bitcoin and cryptocurrencies is constantly in flux. It can happen that vital information gets lost in the daily flow of information and that you miss important points. This format is here to remedy that. We look back at last week’s news in Hebdo Crypto in order to keep you informed on the current situation of cryptocurrencies.
Crypto news in brief
▶ Bitcoin enters the London Stock Exchange. Thus, two new products will be listed during the second quarter of 2024. Namely an ETF and an ETN, both replicating the value of Bitcoin.
▶ Coinbase plans to sell $1 billion worth of bonds. These financial products allow a company to raise funds through the issuance of debt. How the funds will be used has not yet been revealed by the company.
▶ Thailand once again relaxes rules on cryptocurrencies. Therefore, the government announced an income tax exemption for cryptocurrency gains.
▶ Memecoins are taking Las Vegas by storm. Following an online prize pool of $700,000, the DogWifHat (WIF) logo will be displayed for a full week on the sphere of the Venetian Resort in Las Vegas.
▶ Cancun Deneb hard fork successfully deployed on Ethereum. This introduces a new type of storage on Ethereum called Blob, particularly useful for storing L2 data. For their part, rollups have recorded fee reductions of up to a factor of a thousand, to the delight of users.
▶ Craig Wright “is neither Satoshi nor the creator of Bitcoin” for English justice. Thus, the one who declared himself to be the creator of Bitcoin lost his lawsuit which opposed him to the Crypto Open Patent Alliance.
The 5 metrics of the week
➤ 35%these are the Chances of Ethereum Spot ETF Approval by SEC in May, according to Bloomberg analysts. Thus, after several postponements, the SEC will no longer be able to postpone its decision and will have to rule.
➤ $104 millionit’s the amount of cryptocurrencies stolen in phishing attacks since the start of 2024. That’s $57 million in January and another $46 million in February.
➤ $73,000it’s about the symbolic bar exceeded by the price of Bitcoin this week. The queen of cryptocurrencies has continued to break new records, reaching a new ATH every day.
➤ 500 million dollarsit’s the amount of the second bond issue by MicroStrategy. As for the previous one of 800 million dollars, MicroStrategy wants to use the funds to acquire more bitcoins.
➤ 4%it’s about the share of total circulating BTC supply held by Bitcoin Spot ETFs. Indeed, every day ETFs swallow up thousands of BTC and record record volumes every week.
Have a good week on the Journal du Coin! 🙂