$1M – $10M MarketCap:

1. Lamas Finance (LMF): 235%
2. ZoidPay (ZPAY): 96%
3. Artrade (ATR): 90%
4. IOI Token (IOI): 43%
5. PUMLx (PUMLX): 34%

$10M – $100M MarketCap:

1. Portugal National Team Fan Token (POR): 63%
2. CumRocket (CUMMIES): 47%
3. Gamer Arena (GAU): 46%
4. Dechat (DECHAT): 45%
5. Swarm Markets (SMT): 42%

$100M – $1B MarketCap:

1. Amp (AMP): 178%
2. Grok ($GROK): 78%
3. Onyxcoin (XCN): 52%
4. Reef (REEF): 40%
5. Celo (CELO): 33%

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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In a remarkable week for the crypto market, investment products registered a staggering $2.7 billion in inflows, marking a new weekly record and propelling the year-to-date total to $10.3 billion, nearing 2021’s all-time high. Bitcoin led the charge, attracting $2.6 billion in inflows, contributing to a total Assets under Management (AUM) of over $94 billion, an 88% increase since the year began.

Trading turnover for digital assets surged to a new high of $43 billion, reflecting a 14% increase in AUM over the past week. Despite recent short positions in Bitcoin, investment in the leading cryptocurrency persists, with Solana rebounding from negative market sentiment to secure $24 million in inflows. Meanwhile, Ethereum experienced minor outflows, and altcoins like Polkadot, Fantom, Chainlink, and Uniswap saw notable inflows. The US led the regional distribution of inflows with $2.8 billion, followed by Switzerland and Brazil. However, some countries like Canada, Germany, and Switzerland realized profits, resulting in minor outflows.

Report

President Nayib Bukele’s bold move to make Bitcoin legal tender in El Salvador is yielding significant returns, with the country now boasting a $85 million profit from its crypto treasury. Following a recent surge in Bitcoin prices, El Salvador’s dollar-cost average purchase price strategy has proven lucrative, with the nation making a substantial profit on its Bitcoin holdings.

Since initiating Bitcoin purchases in September 2021, El Salvador has weathered market volatility, including a significant downturn in Bitcoin prices. However, the country’s resilient approach has paid off, with its portfolio now containing 2,861 BTC worth $207.3 million. President Bukele’s vision extends beyond mere profits, with Bitcoin revenue from various sources contributing to the nation’s economic growth, including revenue from the passport program, BTC mining, and government services. Additionally, with the prospect of Bitcoin potentially reaching $100,000, El Salvador may soon achieve financial independence, signaling a transformative shift in the country’s economic landscape under Bukele’s leadership.

Data

Bitfarms hasCanadian Bitcoin mining giant Bitfarms has recently expanded its mining capabilities with a large-scale acquisition of 51,908 Bitmain ASIC miners. This timely purchase, made at competitive prices, demonstrates Bitfarms’ proactive approach to capitalizing on anticipated shifts in the mining hardware market. Geoff Morphy, the company’s president, underscored the acquisition as a key step in staying ahead of industry trends, ensuring Bitfarms remains at the forefront of Bitcoin mining technology. The addition of these miners is expected to significantly increase Bitfarms’ hash rate, solidifying its contribution to the Bitcoin network’s processing power.

Amid the excitement of a bullish cryptocurrency market and the approaching Bitcoin halving, which will reduce mining rewards, Bitfarms’ expansion reflects a deep confidence in the future of Bitcoin. Despite a downturn in mining stocks, the company’s forward-thinking investment in cutting-edge technology and the development of mining facilities across the Americas showcases a commitment to driving growth and enhancing the efficiency of Bitcoin mining operations. Bitfarms’ strategic decisions underscore its belief in the sustained relevance and profitability of Bitcoin mining, positioning it as a key player in the industry’s future.

Source

In a compelling discourse on March 11, Balaji Srinivasan, a visionary entrepreneur, highlights Bitcoin’s potential as a sanctuary from the perils of excessive government expenditure and the looming specter of asset seizure. Addressing nearly a million followers, the ex-CTO of Coinbase and partner at Andreessen Horowitz casts a critical eye on the United States’ soaring national debt, now exceeding $34.5 trillion, a symptom of fiscal imprudence.

Srinivasan portrays the current financial trajectory as a sign of impending decline, urging the adoption of Bitcoin as a strategic countermeasure. He presents it as an unassailable bastion against governmental overreach, capable of safeguarding individual wealth from confiscation and devaluation. Through vivid examples, including actions against prominent figures and entities, he underscores the vulnerability of private assets under state control.

Bitcoin, in Srinivasan’s analysis, stands out as an indispensable tool for ensuring personal financial security and autonomy in an era of escalating state intervention and economic volatility.

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London Stock Exchange (LSE) is gearing up to welcome Bitcoin and Ethereum into its prestigious corridors. By the second quarter of this year, it plans to list exchange-traded notes (ETNs) for these leading cryptocurrencies, following the green light from the UK’s Financial Conduct Authority (FCA). This approval marks a significant leap, establishing a special market segment for crypto-backed ETNs. Unlike traditional ETFs, ETNs are more like bonds, not holding the assets they track but backed by financial institutions instead. This move comes as Bitcoin and Ethereum ride high on market upswings, with Bitcoin breaking records at over $71,000 and Ethereum crossing the $4,000 mark.

However, these opportunities come with a caveat; only professional investors will have the trading floor. This decision aligns with the FCA’s stance on protecting retail consumers from the volatile crypto market by restricting access to crypto derivatives and ETNs. The LSE emphasizes the need for ETNs to be physically backed and non-leveraged, ensuring the safety and security of investments. This development not only underscores the growing acceptance of cryptocurrencies but also positions the LSE as a forward-thinking entity in the global financial arena.

Source

VanEck, a prominent asset management firm, has taken an unprecedented step in the cryptocurrency market by slashing the management fee of its Bitcoin-focused ETF, HODL, to zero. This bold strategy, effective until March 31, 2025, positions VanEck as a fervent supporter of Bitcoin, aiming to make investment in the digital currency more attractive and affordable. While HODL’s previous fee was a minimal 0.2%, lower than many competitors, this new move sets it apart, especially in a landscape where giants like BlackRock and Fidelity charge higher fees. Despite HODL’s current asset under management (AUM) standing at just over $305 million—a figure modest compared to BlackRock’s $13 billion—VanEck’s initiative signals a strong belief in the long-term value of Bitcoin. By eliminating the fee, VanEck not only underscores its commitment to Bitcoin’s future but also strategically positions itself to draw more investors to its fund, potentially increasing its AUM and strengthening Bitcoin’s position in the investment world.

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In a recent CNBC interview, Michael Saylor, the visionary co-founder of MicroStrategy, boldly declared that Bitcoin is poised to surpass gold. Highlighting Bitcoin’s superior qualities over gold, Saylor emphasized its lack of gold’s drawbacks and its potential for significant value growth, especially with the anticipated halving event in April. This event, expected to slash the natural supply of sellers by half, could propel Bitcoin’s value to unprecedented heights. CoinLedger’s latest study supports Saylor’s optimism, predicting a surge to $115,000 for Bitcoin within six months post-halving.

Following this prediction, Bitcoin has already achieved a new peak, crossing the $72,000 mark and outpacing gold, which remains below its highest value. Saylor further argues that Bitcoin will attract more capital from risk assets, crediting strong inflows into Bitcoin ETFs. Nonetheless, he advises that investing in MicroStrategy offers a more advantageous exposure to Bitcoin than direct investment in spot ETFs, citing the flexibility and additional options provided by MicroStrategy’s financial instruments.

CNBC