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This week, the net outflows of the US Spot Bitcoin and Ethereum ETFs were $8.299 billion and $1.899 billion, respectively.

2 days ago

March 16th: As stated by Lin Chen, the Asia-Pacific Business Director of Deribit, this week witnessed a net outflow of $829.9 million in the BTC ETF, with a total reduction of 10,358.34 BTC. Only a minor inflow of 160.44 BTC was recorded on Wednesday, while the rest of the time experienced net outflows. BlackRock decreased its holdings by 4,239.38 BTC, and Fidelity reduced its holdings by 3,813.02 BTC. The current price is hovering around $84,000, and the market fear/greed index stands at 30 (indicating fear). In the short term, market sentiment is rather gloomy, with the March 20th Fed interest rate meeting and the April tariff implementation posing challenges to market confidence. Meanwhile, this week saw a brutal outflow of funds in the ETH ETF - a total net outflow of $189.9 million, with a reduction of 99,266.82 ETH. BlackRock reduced its holdings by 33,776.47 ETH, and Fidelity decreased its holdings by 31,695.05 ETH, exerting significant selling pressure. The ETH price has dropped below the $2,000 level, and the ETH/BTC exchange rate continues to decline, currently standing at only 0.0229.
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Bitfarms has completed the acquisition of Stronghold Digital Mining

On March 18th, according to Decrypt, the Bitcoin mining firm Bitfarms has announced the accomplishment of its acquisition of Stronghold Digital Mining. The deal is valued at $175 million, with $125 million in equity. Bitfarms stated that this acquisition will assist the company in optimizing operations by making use of the newly acquired data centers and will provide computing resources to an AI company, thereby promoting its growth in high-performance computing and AI. This acquisition not only raised Bitfarms' market valuation but also made it more difficult for its competitor, Riot Blockchain, to acquire it. Since 2023, Riot has been trying to acquire Bitfarms, and this transaction may enhance Bitfarms' position in the industry consolidation.

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On Polymarket, the probability of "The Fed will end its quantitative tightening policy before May" has reached 100%.

On March 18th, the probability on Polymarket that "The Fed will end quantitative tightening before May" has reached 100%, and the total trading volume has exceeded $6.25 million.

19 minutes ago

Ripple Applies for Custody and Wallet Trademark, Expanding Crypto Custody Business

On March 18th, Ripple Labs submitted a trademark application for "Ripple Custody." As per the application documents, this trademark encompasses financial services such as the storage and management of cryptographic assets to fulfill financial management requirements. This trademark application comes shortly after Ripple launched custody services in October 2024, indicating that the company is aiming to expand its revenue sources beyond payment settlement. Furthermore, the trademark application also mentions "downloadable cryptocurrency, fiat currency, virtual currency, and digital currency custody, transfer, and storage software," which may imply that Ripple is contemplating launching an official cryptocurrency wallet. Currently, the company has not offered official wallet services. However, if launched, this product may support XRP and other digital assets, creating a new revenue stream through transaction fees. A spokesperson for Ripple declined to comment on the trademark applicatio

19 minutes ago

Bitcoin Surges Past $84,000

On March 18th, according to HTX market data, Bitcoin rebounded and reached above $84,000, registering a 24-hour gain of 0.60%.

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Putin and Trump are scheduled to have a call on the 18th, with the main topic being the mediation of the Ukraine issue.

March 18th — The Press Secretary of the Russian President, Dmitry Peskov, declared that the preparations for a phone call between President Putin of Russia and President Trump of the United States are in progress to discuss the main agenda. The primary topic is to mediate the Ukraine issue. When reporters inquired about the duration of the preparations for this call, Peskov mentioned that similar preparatory work for such phone conversations can be completed in a short time. Earlier on that day, Peskov had announced that Putin and Trump would have a phone call on March 18th. Trump had also stated on the evening of March 16th local time that he planned to have a conversation with Putin on the 18th. (FX168)

19 minutes ago

The address conducted a mubarak trade with a 4860x unrealized gain, costing only 0.4 BNB.

On March 18th, as monitored by lookonchain, an address transaction involving mubarak achieved a 4860-fold profit. The address only spent 0.4 BNB (approximately $232) to purchase 10.5 million mubarak. After selling a portion of it, it received 576 BNB (approximately $363,500). The remaining 5.16 million mubarak (approximately $764,000) were distributed among 3 wallets.

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