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 19, 2024 | Michael Saylor’s MicroStrategy Acquired Another 9,245 BTC for $623M. The company now holds approximately 214,246 bitcoins, which is more than 1% of all the 21 million of the tokens that will ever exist. Read more |
| March 19, 2024 | SEC requests extra $158M from federal budget to police crypto’s ‘Wild West’. Part of the funds would hire staff across SEC divisions, with one job dedicated to crypto and another to help with the increased lawsuits the agency faces. Read more |
| March 19, 2024 | BlackRock to launch tokenized investment fund with Securitize. According to the filing, the pooled investment fund will require outside investors to put down a minimum of $100,000. Read more |
| March 20, 2024 | Robinhood rolls out crypto wallet to Android users globally. Robinhood has officially rolled out its cryptocurrency wallet for Android users, expanding access to millions of potential crypto users worldwide. Read more |
| March 22, 2024 | Ark Invest sells $52 million worth of COIN as share price bounces to new yearly highCathie Wood’s Ark Invest sold nearly 200,000 Coinbase shares on Thursday — worth $52.3 million — as it continues to rebalance its fund weightings. Read more |
What’s coming up for us this week:
| March 28, 2024 | U.S. Gross Domestic Product (GDP). Gross Domestic Product (GDP) will be published on March 12, 2024, at 12:30 P.M. UTC. Read more |
| March 29, 2024 | U.S. Fed Chair Powell Speaks. Federal Reserve Chair Jerome Powell (Feb. 2018 – Feb. 2026) is to speak on March 12, 2024, at 03:30 P.M. UTC. 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
