Yesterday, the US Bitcoin Spot ETF saw a net inflow of $254 million, while the Ethereum ETF saw a net inflow of $6.6 million.
February 27 – Farside Investors monitoring indicates U.S. Bitcoin spot ETFs recorded a net inflow of $254 million yesterday, with the following breakdown:
- BlackRock IBIT: +$2.758 billion
- Fidelity FBTC: -$51.5 million
- Bitwise BITB: +$69 million
- ARK ARKB: -$44.9 million
- Grayscale BTC: +$6 million
Separately, U.S. Ethereum spot ETFs saw a net inflow of $6.6 million yesterday, including:
- BlackRock ETHA: +$15.3 million
- Fidelity FETH: -$19.2 million
- 21Shares TETH: +$7.6 million
- WisdomTree QETH: -$2.2 million
- Grayscale ETHE: +$6.6 million
- Grayscale Ethereum Trust: -$1.5 million
8 minutes ago
Meme Coin Jellybean Market Cap Skyrockets to $5 Million in Short Time, 24-hour Surge of 5500%
Feb. 27 — Per GMGN monitoring data, Solana ecosystem meme coin Jellybean saw its market cap surge from under $50k to over $5 million in nearly three hours. Its current market cap is temporarily pegged at $4 million, with a 24-hour gain of 5,500% and a corresponding trading volume of $3.4 million.
BlockBeats advises users that meme coin trading is extremely volatile—often fueled by market sentiment and hype, with no underlying value or real-world use case. Investors should exercise caution amid these risks.
8 minutes ago
Bitwise CEO: Technological progress has made perfection cheap, but humanity will always value more what requires greater effort
On February 27th, Bitwise CEO Hunter Horsley took to social media to weigh in on the ongoing debate around AI displacing human labor.
A handwritten note might not be as crisp or polished as a printed card, but it carries far more meaning and value. When technology makes technical perfection ubiquitous, value shifts to things that demand more effort, come with more flaws—and are uniquely scarce.
AI will have a similar effect on many areas, too. Counterintuitively, perfection will no longer be as cherished, while inefficiency and imperfection will gain greater appreciation. This pattern is everywhere, of course—think a vintage Porsche valued more than a high-performance modern one, a handcrafted watch, or original artwork over a mass-produced print.
Humans will imbue things that require greater effort with “meaning” — and assign them higher value in the process.
8 minutes ago
SBI Holdings Announces Launch of Japanese Yen Stablecoin JPYSC
February 27 — SBI Holdings (Japan) and Startale Group have unveiled JPYSC, a trust-bank-backed Japanese yen stablecoin targeting institutional and cross-border use cases.
JPYSC marks Japan’s first stablecoin backed by a trust bank, issued and managed by SBI Sumishin Net Bank under the country’s digital asset regulations. SBI VC Trade— the group’s cryptocurrency exchange— will serve as the main distribution partner, while Startale leads technical development.
The stablecoin is designed to bridge traditional financial infrastructure and multiple blockchain networks. It’s set to launch in Q2 2024, pending regulatory approval.
8 minutes ago
Analyst: Ethereum Price Has Digested Significant Short-Term Uncertainty, Weeks Ahead Could See Continued Downtrend
On February 27th, Swyxtx Chief Analyst Pav Hundal noted that Ethereum’s price has already absorbed a significant amount of short-term uncertainty and may remain subdued in the coming weeks.
“A lot of short-term uncertainty is already priced into Ethereum,” Hundal said Thursday. “I wouldn’t be surprised at all if ETH stays fairly subdued in the weeks ahead.” He added that developments like rising tensions with Iran, other geopolitical risks, and progress on the U.S. Infrastructure Bill have largely been factored into its price.
Hundal also pointed out that the $190 billion cascade liquidation in October still weighs on the market. “That October sell-off erased $190 billion in market value, and consumer sentiment has now dropped to levels not seen since 2022,” he said. He argued that while traders fixate on where the next wave of liquidity will emerge, market sentiment is being overlooked. “To me, consumer sentiment is the underdiscussed big story no one’s really talking about.”
8 minutes ago
CZ on Block Layoffs: Embrace AI or Be Replaced by AI
February 27th — Binance founder CZ took to social media to note that Block plans to cut nearly half its staff, betting on AI to boost operational efficiency. “The reality is: Either leverage AI to the moon, or wait to be replaced/laid off by AI,” he stated.
Previously, BlockBeats reported that Block—Jack Dorsey’s Bitcoin payments firm (founded by the Twitter co-creator)—is laying off 4,000 employees, a nearly 50% workforce reduction. The company is betting on artificial intelligence to transform future labor productivity.
Following the layoff announcement, Block’s stock jumped 22% in after-hours trading.
8 minutes ago
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