Cryptocurrencies keep pushing boundaries, and each headline is a testament to the industry’s growth. Let us bring you up to speed with the most significant stories from the past week. Next week also promises to be full of events that may affect the overall market picture.
Review of the past week:
| March 05, 2024 | Bitcoin price hits a new all-time high. Bitcoin price hit a new all-time high above $69,200, and analysts believe BTC’s rally has a ways to go. Read more |
| March 06, 2024 | BlockFi reaches $875 million settlement with FTX. The in-principle agreement to settle $874.5 million in BlockFi’s claims to collapsed FTX and Alameda will help the bankrupt lender to distribute funds to its customers if approved. Read more |
| March 07, 2024 | SEC pushes back timeline on BlackRock’s spot bitcoin ETF options trading application. The SEC said it was extending the time period to make a decision on whether to approve, disapprove or institute proceedings for to list and trade options on BlackRock’s spot bitcoin ETF until next month. Read more |
| March 07, 2024 | Do Kwon to be extradited to South Korea after court reverses extradition to US. Terraform Labs co-founder Do Kwon will be extradited to South Korea, a Montenegro court ruled Thursday. Read more |
| March 07, 2024 | Ark Invest offloads more Coinbase shares, bringing total COIN sales to over $100 million this weekCathie Wood’s Ark Invest sold another 204,469 Coinbase shares on Wednesday — worth $48.8 million. Read more |
What’s coming up for us this week:
| March 12, 2024 | Next release of U.S. Consumer Price Index. February 2024 CPI data are scheduled to be released on March 12, 2024, at 12:30 P.M. UTC. Read more |
| March 13, 2024 | Ethereum to Release Dencun Upgrade. Ethereum developers set a target date of March 13th for its long-awaited Dencun upgrade during a bi-weekly coordinating call, officially triggering the countdown to the blockchain’s biggest changes since April 2023. Read more |
As the crypto landscape evolves, so does the need for a reliable platform. At FYBIT, we provide the tools for your success. Don’t wait, trade with FYBIT.
Best regards,
FYBIT team
