According to data from The Block, the trading volume of Bitcoin spot ETFs reached 111 billion US dollars in March, three times the total trading volume of 42.2 billion US dollars in February. The three Bitcoin spot ETFs issued by Grayscale, BlackRock and Fidelity continue to dominate trading volume. Grayscale's GBTC fund has had a total outflow of over 15 billion US dollars since trading began in January. In terms of US dollars, BlackRock and Fidelity's spot Bitcoin ETFs managed assets of approximately 18 billion US dollars and 10 billion US dollars respectively last month.
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CoinList announced its 11 Spring 2024 seed projects, which will receive support from the CoinList community, including exposure to cryptocurrency adopters, founder networks, and product discounts. The selected projects include the following: 1. Aarc: building modular layers for unified borderless dApps. 2. BAXUS: a platform for secure trading of wine and spirits. 3. Earn Alliance: offering a discovery-based gaming platform to promote growth for gamers and developers. 4. Grove: a platform that utilizes liquidity conversion for cashless investments. 5. Plato Protocol: providing the Eat2Earn platform with $FAT Dollars rewards. 6. Pocket Universe: a platform that provides Web3 fraud detection services. 7. Sleepagotchi: a sleep game platform that utilizes NFTs and Web3 incentives. 8. Spaces Protocol: a scalable and permissionless identity verification platform built on Bitcoin. 9. Sustainable Bitcoin Protocol: a bridge connecting climate investors and Bitcoin. 10. Unstable Protocol: a protocol for (re)collateralizing ETH leveraged layers. 11. Watches.io: the first luxury watch end-to-end trading and tracking ecosystem.
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Sam Bankman-Fried, the founder and former CEO of the now-defunct crypto exchange FTX, expressed remorse for his actions in an email interview with ABC News from the Metropolitan Detention Center in Brooklyn. Bankman-Fried was recently sentenced to 25 years in prison for fraud and conspiracy charges. He acknowledged that he made bad decisions that led to FTX's insolvency in 2022 and expressed frustration at not being able to do more to repair the damage from prison. Bankman-Fried's defense team plans to appeal the sentence, citing misstated trial testimony and the exclusion of crucial evidence and witnesses.
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According to Spot On Chain monitoring, the wallet address starting with 0x2e5 (suspected to be Binance Labs) deposited 9.33 million GMT (3.14 million US dollars) into Binance 9 hours ago.
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CEO of Galaxy Digital, Mike Novogratz, said that the US debt crisis has made it "so easy to convince people to buy Bitcoin and other hard assets". As warnings about the US debt crisis continue to increase, some investors are exploring Bitcoin as a potential hedging tool. Mike Novogratz is a staunch supporter of Bitcoin. He recently predicted that BTC will reach $100,000 this year.
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Coinbase Research Chief Analyst David Duong stated that after April 10th, the key 90-day review period for securities firms to conduct due diligence on new financial products will release a new wave of demand for spot ETF risk exposure. It is expected that Bitcoin will see an increase in the second quarter.
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