● Bitwise wants U.S. SEC to delay Ethereum spot ETF approval until December
Forbes reported that Bitwise wants the U.S. SEC to delay Ethereum spot ETF approval until December, Wu said. The market generally believes that the possibility of approval in May exists, but it is unlikely.
Bitwise CIO Matt Hougan said that the asset management industry is too focused on Bitcoin products and cannot provide the necessary attention for the development of Ethereum ETFs. Bitwise submitted a spot Ethereum ETF application to the U.S. SEC on March 28.
● The number of ETH holding addresses hit a record high of 118,230
According to Golden Finance, Santiment data shows that Ethereum rebounded to over $3,600 this weekend after falling about 25% between March 11 and 19. The number of ETH holding addresses hit a record high, reaching 118,230, and the mid-term MVRV showed a mild bullish signal.
● Over 80 million US dollars were unlocked in tokens such as ACA, SUI and GAL this week
According to Foresight News, Token Unlocks data shows that Acala (ACA), Sui (SUI) and Galxe (GAL) will have one-time large-scale token unlocks this week, with a total release value of more than 80 million US dollars.
● Study: Ultra-rich families prefer algorithmic cryptocurrencies
According to Odaily Planet Daily, a study conducted by Owner One found that super-rich households with a net worth of up to $100 million prefer algorithmic cryptocurrencies over tokens (4.32% vs. 0.92%).
Statistics show that 91% of ownership continuity is interrupted in the transition from cryptocurrencies to fiat currencies and vice versa. The study also found that only 7% of ultra-rich households conduct due diligence before making crypto transactions, while only 12.82% realize that once lost, ownership of crypto assets cannot be restored.
● UK financial regulator issues guidelines for meme coin marketing, requiring transparency and compliance
The UK’s Financial Conduct Authority (FCA) has released meme coin marketing guidance for financial services companies and social media influencers, CryptoPotato reported. The guidance stresses that any marketing activity should be transparent and not misleading. The FCA requires "financial influencers" to obtain approval from an appointed representative of the FCA before posting ads or memes about financial products and services. Promoting financial products without approval may constitute a crime.
The FCA reminds consumers to be vigilant against misleading advertising and scams online. In addition, the FCA stated that meme coin marketing is particularly popular in the cryptocurrency field, with platforms such as Telegram and Reddit being popular platforms for cryptocurrency-related meme marketing.
● More than US$1 billion in U.S. Treasury bonds were tokenized on-chain after the launch of BlackRock’s BUIDL
According to CryptoPotato, more than $1 billion worth of U.S. Treasury bonds have been tokenized on blockchains such as Ethereum, Polygon, Solana, and others. This milestone comes thanks to the recent launch of the BlackRock USD Institutional Digital Liquidity Fund. BlackRock’s Ethereum-based product BUIDL launched on March 20 and has a market capitalization of over $244.8 million.
● Binance has deposited more than 17 million BNB and 1 billion FDUSD in this new coin mining period
According to Binance data, the 50th phase of Binance’s new coin mining (synthetic USD protocol Ethena) has deposited more than 17 million BNB and more than 1 billion FDUSD. Mining of new coins in this period will end at 8:00 on April 2. At the same time, Binance will list Ethena (ENA) at 16:00 on April 2, 2024, and open ENA/BTC, ENA/USDT, and ENA/BNB , ENA/FDUSD and ENA/TRY trading markets.
