Daily Quotes (10:05 am on March 28, 2024)
ChainDD's market price on March 28 shows that the comprehensive DD Index and CoinMarketCap quotes:
BTC was trading at $69,487.74, down about 1.05% in 24 hours;
ETH was trading at $3,499.39, down about 2.78% in 24 hours;
BNB reported $585.15, up about 0.44% in 24 hours;
DOT reported at $9.41, down about 3.00% in 24 hours;
DOGE is trading at $0.1995, up about 9.95% in 24 hours.
Chain circle dynamics
Immutable zkEVM has completed the Shanghai hard fork upgrade
According to official news, Immutable announced that Immutable zkEVM has completed the Shanghai hard fork upgrade, and no downtime occurred during the upgrade.
Immutable zkEVM is powered by Polygon and will continue to be supported by Ethereum-grade security and best-in-class infrastructure so that all developers can thrive. It is reported that Immutable currently supports Solidity 0.8.20 and Open Zeppelin v5.0, and RPC node operators can now deploy the latest immutable/go-ethereum Docker image to keep in sync with the network.
Currency news
KuCoin CEO: KCS and BTC worth $10 million will be airdropped to loyal users
KuCoin CEO Johnny Lyu published an official blog stating that some users experienced longer than expected waiting times for withdrawal requests between March 26 and 27. KuCoin is deeply responsible for the inconvenience caused and sincerely apologizes. We will launch a special airdrop event of KCS and BTC totaling US$10 million to express our gratitude to loyal users for their support. The specific rules will be officially announced within 3 days.
Yesterday, Fidelity FBTC had a net inflow of US$1.5 million, setting its lowest single-day inflow record
According to data from Farside Investors, Fidelity FBTC only saw a net inflow of $1.5 million yesterday, the lowest single-day inflow in its history.
BlackRock CEO: Even if the US SEC recognizes Ethereum as a security, it may still launch an Ethereum ETF
BlackRock CEO Larry Fink said that even if the U.S. SEC designates Ethereum as a security, launching an Ethereum ETF is still possible.
Asked on Fox Business on Wednesday whether BlackRock could still list an ETF holding Ethereum if it were a security, he responded: "I think so."
BlackRock’s IBIT net inflow was US$326.2 million yesterday
According to TreeNews data, BlackRock IBIT saw a net inflow of $326.2 million yesterday.
CME Fed Watch: The probability of the Fed keeping interest rates unchanged in May is 92.7%
According to CME's "Fed Watch": the probability that the Fed will keep interest rates unchanged in May is 92.7%, and the probability of cutting interest rates by 25 basis points cumulatively is 7.3%. The probability of the Fed keeping rates unchanged through June is 35.3%, the probability of a cumulative 25 basis point rate cut is 60.2%, and the probability of a cumulative 50 basis point rate cut is 4.5%.
Yesterday, ARKB’s net inflow hit a record high of US$201.8 million, while Grayscale GBTC’s net outflow was US$299.8 million.
According to data from Farside Investors, ARK Invest ARKB had a net inflow of US$201.8 million yesterday, setting its highest single-day net inflow record in history; Grayscale GBTC had a net outflow of US$299.8 million. Additionally, Franklin EZBC saw $4 million in net inflows and Bitwise BITB had no inflows/outflows.
Spot Bitcoin ETF saw a net inflow of approximately US$240 million on March 27
According to Lookonchain data, 9 Bitcoin spot ETFs (including Grayscale) increased their holdings of 3,469 BTC on March 27, with a net inflow of approximately US$240 million. Among them, Grayscale reduced its holdings by 4,944 BTC, with a net outflow of approximately US$342 million, and currently holds 342,608 BTC, equivalent to approximately US$23.7 billion. Fidelity increased its holdings by 4,001 BTC, with net inflows of approximately $276 million, and currently holds 143,721 BTC, equivalent to approximately $9.95 billion.
Crypto market maker GSR lowers the chance of Ethereum spot ETF approval in May to 20%
Crypto market maker GSR lowered the likelihood of approval of an Ethereum spot ETF in May to 20% from 75% previously. GSR analysis believes that the US SEC lacks active participation in the approval process and is affected by political pressure. It is expected that the approval process for the Ethereum spot ETF may extend into 2025-2026. Bloomberg analysts also lowered the chances of Ethereum spot ETF approval to 30%.
BlackRock tokenized fund has attracted $160 million in deposits in one week
BlackRock, the world's largest asset manager, launched BUIDL last week. The fund raised $160 million in its first week, Bloomberg reported Wednesday. Ondo has since said in a blog post that it will allocate "a majority" of the assets of its tokenized short-term U.S. Treasury Bond ETF, OUSG, to BUIDL. Ondo is transferring $95 million to BUIDL, which as of Wednesday afternoon had a balance of $244.8 million when almost $84 million was deposited at 2:49 PM ET (18:49 UTC), according to blockchain data.
The BlackRock USD Institutional Digital Liquidity Fund (BUIDL) is a tokenized money market fund that invests in U.S. Treasuries, repurchase agreements, and cash. With the help of Miami-based Securitize, it uses the Ethereum blockchain to issue BUIDL tokens that aim to provide a stable value of $1 per token, with dividends paid to accredited investors in the form of tokens representing U.S. dollar gains.
Coinbase CLO: Ready to proceed with litigation with US SEC and confident
Coinbase Chief Legal Officer paulgrewal.eth posted on the X platform that today the court has decided that the case between Coinbase and the SEC will continue to advance compensation, but dismissed the claim against Coinbase Wallet. Coinbase is currently preparing for this and looks forward to learning more about the SEC’s internal views and discussions on cryptocurrency regulation. Coinbase’s previous motions have always been rejected, but regulatory clarity is Coinbase’s ultimate goal. Today’s court decision will allow Coinbase to continue to move forward on this path and remain confident in its own legal arguments. Coinbase looks forward to proving itself was correct and eager for the opportunity to obtain evidence from the SEC for the first time.
Fidelity has submitted Form S-1 to the U.S. SEC to apply for a spot Ethereum ETF
According to Bloomberg ETF analyst James Seyffart, Fidelity has filed an S-1 form with the U.S. Securities and Exchange Commission to apply for a spot Ethereum ETF. It is reported that this application is not an amendment to the application documents, but Fidelity’s first application. Previously, they only submitted a 19b-4 application.
Deribit Bitcoin options open interest for March expiry hits record high
Cryptocurrency derivatives exchange Deribit will have more than $9.5 billion in Bitcoin options holdings expiring on Friday, which will also be the largest expiry date in the history of the exchange. It is reported that this expiring $9.5 billion Bitcoin options position accounts for 40% of the total $26.3 billion.
The value of Deribit’s U.S. dollar open interest in Bitcoin options contracts expiring at the end of March has increased to a peak of $8.61 billion on Friday, data showed. In comparison, Deribit's month-end maturities in January and February were significantly lower at $3.74 billion and $3.72 billion respectively.
