Amid Bitcoin’s impressive performance, miner revenue recently soared to new heights on March 6, reaching an impressive $75.9 million, making it the second-best day in the history of Bitcoin mining.

Notably, this financial feat followed closely on the heels of bitcoin’s new all-time high, surging above $69,000.

Bitcoin Miners’ Revenue: Second-Highest in History

The data, shared by Julio Moreno, head of research at CryptoQuant, revealed that the staggering $75.9 million in daily revenue stands only slightly behind the record set on April 14, 2021. During that time, Bitcoin traded above the $60,000 mark, with miner revenue hitting an all-time high of $77.3 million.

Interestingly, this…

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In a stunning revelation at the Bitcoin Atlantis 2024 conference held in Madeira, Portugal, Bitcoin advocate and Strike CEO Jack Mallers emerged as a beacon of insight into the transformative power of Bitcoin within the contemporary financial system.

Mallers’ impassioned presentation delved into the historical foundations of Bitcoin, offering a profound perspective on the creator Satoshi Nakamoto’s understanding of the nature of money.

Bitcoin: The True Money

During the inaugural session, Mallers navigated through Bitcoin’s whitepaper, emphasizing the crucial role of time in blockchain technology. He even stated that blockchain technology should be called “Timechain.”

Moreover,…

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BlackRock, the world’s largest asset manager, has revealed plans to include spot Bitcoin exchange-traded funds (ETFs) in its Global Allocation Fund. This decision underlines BlackRock’s belief in Bitcoin’s value, as it seeks to reflect Bitcoin’s price performance directly by holding Bitcoin ETPs, including those sponsored by BlackRock affiliates. The move comes amidst the burgeoning success of BlackRock’s iShares Bitcoin Trust (IBIT), which saw unprecedented inflows and now manages $12.7 billion in Bitcoin, especially after Bitcoin’s price soared past $69,000. Not stopping at Bitcoin, BlackRock is also eyeing the launch of a spot Ethereum ETF, signaling its broader commitment to cryptocurrency. This strategic inclusion in BlackRock’s portfolio, alongside its existing and potential future crypto offerings, hints at an increasingly crypto-friendly stance within the mainstream financial sector, possibly setting a precedent for other large institutions.

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Ether (ETH) has been overshadowed by Bitcoin (BTC) in recent months, but according to Juan Leon, a crypto research analyst at Bitwise, ETH could more than double in price in 2024. Leon predicts that ETH could surpass $8,000 or even $10,000 this year, driven by two major catalysts.

The upcoming Dencun upgrade in Ethereum will reduce transaction costs on layer 2 networks, potentially attracting mainstream consumer demand. Additionally, the prospect of spot ether exchange-traded fund (ETF) approvals, with a regulatory decision expected in May, brings excitement to the market. Despite uncertain approval odds, Leon estimates a 50%-60% chance and anticipates a boost in ether’s appeal among institutional investors.

Ether’s deflationary supply, staking surge led by EigenLayer, and growing decentralized finance (DeFi) activity also contribute to its bullish outlook. While Bitcoin recently achieved new all-time highs, ETH is still around 20% below its 2021 peak. However, historical trends suggest that ETH tends to rally after Bitcoin breaks new records, indicating potential for ETH to surge once BTC surpasses $69,000.

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The digital currency realm is experiencing a remarkable influx of web traffic, with February’s figures painting a bullish picture for crypto exchanges. Notably, Coinbase, a leading exchange, has registered a 2.3% increase in web traffic, translating to a substantial 41 million visits. This surge showcases the burgeoning confidence of investors in the crypto economy.

Even more impressive is the 39% spike in user engagement for Bitget, signaling an undeniable investor interest in diversifying portfolios within the digital asset space. Other platforms like HTX are not far behind, celebrating a 9.8% growth, equivalent to 20 million visits.

This data isn’t just a set of numbers; it’s the pulse of an accelerating industry. Crypto exchanges are steadily carving out a significant niche in the financial sector, with their rising web traffic suggesting a robust and healthy ecosystem ready to welcome the future of finance. The trend underlines a simple truth: the digital currency exchanges are not just surviving; they’re thriving.

Disclaimer: Market capitalizations and data 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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Reports from on-chain analysts reveal that wallets associated with Elon Musk-owned companies Tesla and SpaceX hold well over a billion dollars in Bitcoin. Arkham Intelligence detailed findings of over $771 million BTC in Tesla’s wallets and approximately $555 million BTC in SpaceX’s wallets. The analysis also traces the transaction history of both firms, highlighting significant sales during the onset of the 2022 crypto winter.

During the market downturn in May 2022, both Tesla and SpaceX sold off substantial amounts of BTC, incurring losses for SpaceX but leaving Tesla nearly breaking even. However, SpaceX returned to profit in November, coinciding with Bitcoin’s current bull run, with Arkham estimating profits of $132 million for SpaceX and $455 million for Tesla. These findings shed light on the extent of Musk-owned companies’ Bitcoin holdings, which had been previously underestimated.

While Musk’s interest in cryptocurrencies is well-known, including Tesla’s brief acceptance of Bitcoin payments for car purchases in 2021, the magnitude of SpaceX’s Bitcoin investment had remained undisclosed. Despite fluctuations and controversies surrounding Musk’s crypto endeavors, the revelation of substantial Bitcoin holdings underscores the tech mogul’s ongoing involvement and influence in the cryptocurrency market.

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$1M – $10M MarketCap:

1. Shockwaves (NEUROS): 73%
2. Medieval Empires (MEE): 60%
3. WaykiChain (WICC): 58%
4. Meme AI Coin (MEMEAI): 56%
5. Gorilla (GORILLA): 47%

$10M – $100M MarketCap:

1. Vectorspace AI (VXV): 65%
2. Geojam (JAM): 61%
3. HyperGPT (HGPT): 51%
4. Taboo Token (TABOO): 45%
5. ELYSIA (EL): 40%

$100M – $1B MarketCap:

1. Milady Meme Coin (LADYS): 64%
2. AIOZ Network (AIOZ): 48%
3. DeXe (DEXE): 38%
4. Creditcoin (CTC): 30%
5. Bitcoin Gold (BTG): 28%

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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Bitcoin total valuation has leapfrogged Meta market cap (formerly Facebook) as it went above $1.3 trillion in net worth. The premier digital asset is posting strong growth at the moment, buoyed by an early onset of the 2024–2025 bull market. 

According to companiesmarketcap.com, Meta’s overall market cap is still hovering below $1.3 trillion. Bitcoin’s total valuation, on the other hand, is $1.33 trillion, according to coinmarketcap.com. 

Here is the Bitcoin market capitalization chart since 2012:

Bitcoin market cap chart — Source

Here is the Meta platforms’ market capitalization since 2012:

Meta market cap chart — Source

Bitcoin witnessed a 320% net increase in net value over…

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