BitDigest March 11 · Issue #612
- Bitcoin in new trading range showing support at $7,730 but unable to break above $8,000
- Japanese regulator creating blockchain network to promote multi-party dialogue
- Privacy coins may be behind BNP Paribas’s decision to block transactions with Coinbase
The Headlines
Japanese Financial Watchdog Introduces Global Platform to Promote Blockchain Technology
BNP Paribas Blocks Crypto Transactions with Coinbase
Eastern Caribbean Stock Exchange to Test Tokenized Offerings
Crypto Debit Card Finally Available on Mastercard Platform
FastCompany Highlights Rippleworks Efforts
Market Data
Daily Bitcoin Volume Hits ≈ $200 Million
Exchange, Custody and Product News
Brave Tokens Can be Used for Real World Rewards
Blockchain.com Starts Retail Lending Program
Cirlce Offers Business and Developers USDC Support
Huobi Launches Trading App
BitFlyer to Charge for Crypto Trading
Thoughts on the Ecosystem
Can Bitcoin Still be Uncorrelated During a Market Selloff?
'Safe-haven-ness is a Matter of Perception'
Reports you may have missed
Court Partially Dismisses SEC's Lawsuit Against Coinbase, Kucoin Charged by DOJ and CFTC for AML Violations
Crypto markets are declining following news that most of the SECâs lawsuit against Coinbase will proceed (more below). BTC (-1.27%) reached intraday highs of $71.8k before declining to $69k after the news. Rumors have circulated that Morgan Stanley and PNC will soon approve access to Bitcoin ETFs on their wealth management platforms. Together, Morgan Stanley and PNC hold over $1.5 trillion in client assets and likely will provide a tailwind...
FTX Selling Two-Thirds of Anthropic Stake for $884 Million, SWIFT Announces Phase 2 Results of Tokenization Experiments
U.S. equities are rising in Tuesday trading, with the SPY and QQQ both gaining approximately 0.21%. U.S. durable goods orders rose 1.4% in February, bouncing back after dropping 6.1% in January. The DXY (+0.04%) is flat on the day but remains above $104, while rates are showing modest gains across the curve. Crypto markets are showing slight declines, with BTC (-0.22%) trading at $69.7k and ETH (-0.72%) holding above $3,550. It...
Core Scientific Looking for Expansion Opportunities, Philippines to Block Access to Binance
Following the worst week of ETF flows since inception, BTC (+3.89%) is rebounding, rising to $69.6k, and ETH (+4.09%) has reclaimed the $3,500 mark. Last weekâs outflows totaled $888 million, representing about a fifth of the inflows seen in the previous two weeks. ONDO, an institutional RWA protocol, is one of the top performers today, rising 7.61% as investors remain optimistic about the future of tokenized assets and their ability...
Four Consecutive Days of Bitcoin ETF Outflows, WisdomTree Receives NY Trust Charter
Equity indices are showing muted declines today, but the SPY (-0.13%) and QQQ (-0.02%) are still on pace for respective 18th and 17th positive weeks out of the last 21. Crypto markets are showing more pronounced losses, with total market capitalization falling by 3%. BTC (-2.89%) has fallen to $63.6k while ETH (-4.53%) has dropped to $3,340. Bitcoin ETFs have seen four consecutive days of outflows totaling $836 million, representing...