The Liquid Inventory Ratio, as reported by CryptoQuant's CEO, has hit an all-time low, indicating significantly reduced sell-side liquidity compared to historical levels relative to demand.

CommEX, which previously acquired Binance's Russian business and was rumored to be a rebranding of Binance, is ceasing operations starting March 25, 2024, following a strategic review.

📣 Deltec Bank's Funds Seized by U.S. Secret Service in Money Laundering and Fraud Probe

The U.S. Secret Service seized multiple corporate accounts last month controlled by Deltec Bank, a Bahamian bank with ties to crypto-related firms.

New documents unsealed in a federal court on Monday reveal that the secret service seized several U.S bank accounts controlled by Deltec last month. As per the documents, the amount seized by the U.S authorities is above $58 million.

The seizures were made amid an investigation into organized, international criminal money laundering syndicates operating cryptocurrency investment and other wire fraud scams.

The bank accounts that were seized by the secret service were custodial accounts with Mitsubushi Bank UFJ Trust in New York, opened by Deltec on behalf of corporate clients.

U.S authorities linked certain Bahamian bank’s customers to shell firms involved in a cross border scheme. The scheme allegedly involves creating fake crypto websites to dupe victims into depositing their assets or cash.

According to the data, over the last ten years, Bitcoin and gold have demonstrated minimal correlation, indicating that the factors influencing gold demand differ from those driving Bitcoin's performance.

Estonia's new bill proposed stricter crypto regulations, requiring FSA licenses and raising AML fines to €5m, pending parliamentary approval.

Chief Legal Officer of Coinbase, Paul Grewal, emphasized that ETH is a commodity, supported by both the SEC's historical stance and rulings from the CFTC and courts, challenging any SEC rejection of ETH ETP applications.

In the March 20, 2024, press conference, Powell outlined the Fed's stance on interest rates and inflation, emphasizing a cautious approach:

⚫️Rapid rate cuts risk reversing gains in inflation control
⚫️Interest rates might have hit their peak, with no further increases expected
⚫️A weakening labor market could prompt intervention
⚫️The Fed is ready to sustain higher rates as long as necessary to combat inflation
⚫️Achieving closer to 2% inflation requires more certainty in economic trends

According to the data, spot trading volumes have surpassed $100bn daily for the first time since November 2021, totaling $1.5tr, the highest since December 2021. Binance leads spot volumes at $727.5bn, targeting a 46% market share.

CoinShares reported that net flows for spot Bitcoin ETFs were negative for the second consecutive day, attributed to heightened outflows from Grayscale and diminished demand for new US ETFs.

The SEC seeks an extra $158m to better regulate the unpredictable crypto sector, planning to expand its workforce and manage the surge in related lawsuits.

Changpeng "CZ" Zhao, the founder of Binance, announced plans to launch a new nonprofit online education platform called Giggle Academy.

SBF's legal team has advocated for a reduced sentence of no more than 6.5 years, supported by recommendation letters from his parents, ex-FTX staff, and others, with the sentencing set for March 28.

According to the data, digital asset investment products saw a surge in weekly inflows, hitting a record high of $2.9bn, surpassing the previous week's peak:

⚫️Year-to-date inflows soared to $13.2bn, outpacing the total for all of 2021
⚫️Ethereum, Solana, and Polygon experienced outflows last week
⚫️Bitcoin accounted for $2.86bn of the inflows, representing 97% of all inflows year-to-date
⚫️Blockchain equities saw inflows of $19m, marking the first positive week following six consecutive weeks of outflows

This week, the Federal Reserve's FOMC is expected to maintain interest rates, with a 99% probability according to CME data.

Additionally, Switzerland, Australia, the United Kingdom, and Japan will also announce their interest rate decisions.

Nigeria's SEC intends to raise crypto exchange registration fees to 150 million naira ($93k) from 30m naira ($18,620).

This move aims to clarify rules and incorporate feedback from stakeholders and discussions with the Central Bank of Nigeria.

After FTX's bankruptcy, SBF came up with a confidential list of "random probably bad ideas." SBF listed ways in which he might be able to rebuild his reputation, and considered going on Tucker Carlson's show to critique the 'woke agenda.' Some of SBF's other ideas included:

⚫Talk about how the cartel of lawyers is destroying value and throwing entrepreneurs under the bus in order to cover up the incompetence of lawyers
⚫Focus almost exclusively on the fact that we could give value back to customers and the Chapter 11 team is destroying it
⚫Come out with a strong anti-Binance message
⚫"Alameda was incompetent" message

According to Santiment, transaction volume in Bitcoin is rising, but the number of wallets holding more than zero Bitcoins is decreasing.

Additionally, all risk assessment indicators for Bitcoin from Glassnode suggest a very high level of risk in the market.

According to the data, meme tokens have seen outsized gains over the past weeks, with weekly trade volume hitting a multi-year high of nearly $80bn.

In February 2024, the dApp industry reached a new all-time high with 6.7m daily Unique Active Wallets, indicating a market primed for a new bull run:

⚫️Daily Unique Active Wallets (dUAW) hit 6.7m, with NFT dapps surging 24%
⚫️DeFi sector's Total Value Locked (TVL) soared to $159bn, a 45% increase
⚫️NFT trading volume decreased to $1.3bn, but sales count rose to 5.23m
⚫️Magic Eden surpassed OpenSea in trading volume, signaling shifts in the NFT marketplace landscape
⚫️$148m in crypto assets were lost due to exploits and hacks, highlighting ongoing security concerns

Elon Musk said that Tesla would accept payments in DOGE and "at some point Dogecoin would go to the Moon."

After this statement, the price of DOGE increased by 10.53%.