In a remarkable turn of events, the United States spot Bitcoin exchange-traded funds (ETFs) achieved an unprecedented milestone on March 5, with a staggering record of $10 billion in trading volume.

This extraordinary surge in spot bitcoin ETFs’ volume occurred as the digital asset reached a new all-time high before experiencing a sharp decline of around 14% within the next five hours.

“Bananas Numbers” for Spot Bitcoin ETFs Volume

Bloomberg ETF analyst Eric Balchunas reported the impressive numbers on X. He expressed surprise at the “bananas numbers for ETFs under [two months] old,” highlighting the significance of this accomplishment.

MILESTONE: the ten Bitcoin ETFs did $10b in…

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In a recent development in Binance US news, the U.S. Securities and Exchange Commission (SEC) has raised concerns over the compliance of Binance.US, the American arm of the global exchange Binance, with ongoing investigations. The SEC alleges that Binance.US has been uncooperative in providing crucial information regarding customer assets and other vital aspects of the investigation.

SEC Allegations and Binance.US Response

The SEC has accused Binance.US of deliberately frustrating the ongoing discovery process by failing to adequately prove that its global parent company, Binance Holdings, does not have access to funds owned by Binance.US customers.

In a joint status report filed to a…

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Tether, a cryptocurrency industry giant, has forged a pivotal partnership with Uzbekistan’s National Agency of Perspective Projects (NAPP). This groundbreaking Memorandum of Understanding (MOU) aims to transform Uzbekistan into a key blockchain and peer-to-peer technology hub. Tether’s collaboration with NAPP reflects its global mission to fuel innovation, economic expansion, and technological advancement.

The partnership is geared towards leveraging blockchain technology, stablecoins, and digital asset tokenization to stimulate Uzbekistan’s economy. Tether’s CEO, Paolo Ardoino, voiced excitement over the project, emphasizing the shared vision of tapping into blockchain’s vast potential within the country. The initiative promises to enhance Uzbekistan’s digital payment infrastructure, support the creation of a legal framework for crypto assets, and launch educational programs to deepen blockchain understanding among the public.

This strategic alliance not only aims to revitalize Uzbekistan’s digital landscape but also to establish the nation as a leading blockchain innovation center on the global stage, enriching both its local startup ecosystem and international reputation.

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Robert Kiyosaki, the acclaimed author of “Rich Dad Poor Dad,” has projected a dazzling future for Bitcoin, hinting at a price surge to $300,000 by end of 2024. Despite the recent market tremors that saw Bitcoin’s value momentarily plummet by over 14% following an all-time high, the currency bounced back impressively, now trading at $66,000. Kiyosaki’s prediction rides on his long-standing belief in Bitcoin as a shield against economic turbulence and inflation, advocating for it alongside traditional havens like gold and silver.

This vote of confidence from a respected financial voice amplifies the sentiment that Bitcoin is not just surviving but thriving, with its resilience in the face of volatility underscoring its potential as a long-term investment. Kiyosaki’s optimistic foresight, coupled with his previous suggestions that Bitcoin could hit the half-million by 2025 and even a million later on, paints a bullish picture for the cryptocurrency’s trajectory. Amid fluctuating markets, his perspective provides a hopeful outlook for Bitcoin, solidifying its position as a cornerstone of modern investment strategies.

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$1M – $10M MarketCap:

1. Meme AI Coin (MEMEAI): 162%
2. Rook (ROOK): 134%
3. Kintsugi (KINT): 44%
4. Dmail Network (DMAIL): 23%
5. OraiDEX (ORAIX): 21%

$10M – $100M MarketCap:

1. PolySwarm (NCT): 70%
2. Mind (MND): 58%
3. Bork (BORK): 50%
4. Shping (SHPING): 47%
5. CumRocket (CUMMIES): 41%

$100M – $1B MarketCap:

1. Syncus (SYNC): 77%
2. Phoenix (PHB): 45%
3. Reserve Rights (RSR): 43%
4. Humans.ai (HEART): 41%
5. XYO Network (XYO): 38%

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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Peter Brandt, a trader with a long history in the commodities market, has forecasted a bright future for Bitcoin, hinting at a potential new high for the cryptocurrency. Brandt’s recent tweet suggests an optimistic outlook, stating that Bitcoin’s rapid price movements are just the market’s way of hinting at bigger things to come. Citing his analysis on Bitcoin’s halving cycles, he speculates that Bitcoin could soar to an unprecedented $150,000 by October 2025. This prediction is based on the observed price trends following previous halvings, combined with the bullish momentum since November 2022.

However, Brandt also exercises caution, noting the speculative nature of projecting past trends into the future. He acknowledges the unpredictability of the market, mentioning that while post-halving gains have historically outpaced those before the halving, there’s still a degree of uncertainty. Nonetheless, his forecast underscores a growing confidence in Bitcoin’s potential, signaling a bright outlook for the world’s leading cryptocurrency as it gears up for its next big leap.

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Michael Saylor, the renowned Bitcoin billionaire and CEO of MicroStrategy, recently spoke at the Madeira Bitcoin conference, highlighting the unexpected success of the new Bitcoin ETFs launched by giants like BlackRock and Fidelity. Surpassing expectations, these ETFs have not only outperformed gold but are also starting to challenge the dominance of S&P 500 Index ETFs. According to Saylor, Bitcoin ETFs are rapidly becoming a preferred investment, poised to overtake gold ETFs, the current leaders in the U.S. commodity market, in the foreseeable future.

Saylor praised the innovative role of ETFs in the financial ecosystem, describing them as a “universal API or Application Programming Interface” that offers investors a streamlined way to trade and access Bitcoin. This development has significantly lowered the barriers for mainstream investors, providing them with opportunities previously dominated by high interest rates and slow processes. With MicroStrategy’s substantial Bitcoin holding, Saylor’s insights underline a profound shift in investment strategies, where Bitcoin and its ETFs are central to the future of financial investments, promising a world of new possibilities for the 99% of investors.

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In latest Binance news, the major digital asset exchange has warned users in advance regarding several large transactions set to be triggered by the exchange. The platform claims that they are mostly “internal transfers” and there is nothing to worry about.

For usual wallet maintenance, #Binance will be transferring a large amount of #BTC to another of our addresses.

These addresses can be found listed in our proof-of-reserves.

As part of the transfer, you will also see #BTC move to a new change address – this is not an outflow.

— Binance (@binance) March 5, 2024Binance News: Large Internal Bitcoin Transfers

The exchange issued this cautionary note to on-chain analysts and users. It…

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