As the deadline for the approval of the Ethereum spot ETF by the US Securities and Exchange Commission (SEC) approaches, industry experts are weighing the potential acceptance of such funds. Some people say that investing in Ethereum ETFs is meaningless because such funds are unlikely to allow for staking rewards distribution. They believe that investors are better off buying and staking their own Ethereum (ETH). However, VanEck's Bitcoin Trust (HODL), a global investment company, is one of the 10 spot Bitcoin ETFs launched earlier this year, and the company believes that an Ethereum ETF may attract significant demand. Pranav Kanade, portfolio manager at VanEck, said, "From a market perspective, I think the market size of a spot ETH ETF may be as big as or even larger than a spot Bitcoin ETF."
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Gold enthusiast and cryptocurrency critic Peter Schiff has finally admitted that he regrets not buying Bitcoin (BTC). Schiff stated that as early as 2010, he considered investing up to $50,000 in Bitcoin when the asset's trading price was still well below $1. He ultimately refused to purchase, calling the idea "absurd." Schiff has long argued that the asset cannot compare to precious metals, and his argument remains unchanged that Bitcoin has no potential use cases, making its value purely speculative and thus posing a risk of its price dropping to zero.
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The yield on 10-year US Treasury bonds rose 10 basis points to 4.29% during the day.
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Meitu recently disclosed its 2023 performance, achieving a revenue of approximately 2.696 billion yuan, a year-on-year increase of 29.27%; the adjusted net profit attributable to shareholders was 370 million yuan (excluding the impact of cryptocurrency depreciation rollback), a year-on-year increase of 233.2%. However, Meitu still suffered losses in cryptocurrency investments. In 2023, Meitu's investment in Bitcoin and Ethereum resulted in losses of 170 million yuan and 94.8 million yuan, respectively. In 2022, the losses were 198.2 million yuan and 86.6 million yuan, respectively. Meitu stated that the company's total revenue and net profit growth were mainly due to AI driving the growth of its main business income.
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Vitalik Buterin, the creator of Ethereum, stated that Metaverse is not what we imagine it to be. The metaverse is widely understood as a virtual decentralized world with immersive social environments and experiences that utilize avatars, virtual reality (VR), and augmented reality (AR) technologies, with blockchain technology as the link that connects everything together.
The definition of the metaverse is not clear and is often seen more as a brand name than a product. It is envisioned as a virtual world that everyone can participate in and that belongs to no one, often associated with virtual reality, which has simpler demands, like wanting a laptop without a laptop. Although virtual universes are often associated with virtual reality, it is not all that virtual reality encompasses.
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Magic Eden data shows that the floor price of Runestone is currently at 0.0193 BTC, with a total trading volume of 186.2345 BTC. It is reported that Runestone was initiated by early Ordinals player Leonidas, and is an open-source, transparent, spontaneous, and decentralized initiative aimed at rewarding players who participated in the Ordinals protocol in its first year. All eligible addresses will receive an airdrop within 24 hours, with the specific snapshot reference being the activity before block height 826,600.
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Bitdeer announced that it will install its recently released SEALMINER A1 mining machine in its mining center located in Rockdale, Texas, USA. Its Norwegian mining data center will complete a 3.4 EH/s computing power expansion in the third and fourth quarters of 2024, and it is expected that by the end of 2025, the total computing power managed by BitDeer may exceed 46 EH/s.
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According to Circle, the issuer of the stablecoin USDC, CCTP cross-chain transfer protocol has been launched on the Solana mainnet. Developers and users can now securely transfer USDC between 8 blockchains with a capital efficiency of 1:1.
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According to Coinglass data on March 14th, the total liquidation in the past hour reached $30.7511 million, of which long positions were liquidated for $26.2166 million and short positions were liquidated for $4.3446 million.
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On March 27th, Blast ecosystem DeFi protocol Juice announced that all Juice wETH has been successfully rescued from Munchables developer. We are coordinating with Pacman and Blast to transfer wETH back to Juice so that users can withdraw.
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Cross-chain decentralized gaming player network BlockGames announced the completion of a new round of financing of $6 million. Leading investors include Newman Group, 32-Bit Ventures, Cypher Capital, Sfermion Capital, etc. Participating investors include Maven Capital, Susquehanna, Aptos, Mapleblock, Cumberland, Based VC, Devmons, Estoty, Aquanow Ventures, Founderheads, 432 VC, Presto Labs, as well as Jiho (co-founder of SkyMavis), Sebastien Borget (co-founder of SandBox), Brett Beller (former founder of Drizly, legal advisor of Coinbase), Luke Wagman (founding member of CoinMarketCap), etc. BlockGames is a cross-chain, cross-game, decentralized player network supported by a common player profile, which promotes players to not only become participants in the game ecosystem, but also stakeholders, and rewards them for their contributions and data sharing.
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A SpaceX launch live stream appeared on YouTube with the title "SpaceX launches third Starship Flight Test! Elon Musk has provided an update on Starship!" The live stream page contains a fake website QR code, which is used to deceive users into giving away their encrypted assets. Currently, stolen funds have been detected flowing in, and users need to be careful in identifying and not interacting with it.
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Robert Kiyosaki, the author of "Rich Dad Poor Dad," announced on social media that he will buy 10 more bitcoins before April. If you can't afford a whole bitcoin, consider buying 1/10 of a bitcoin through a new ETF or Satoshi. It is expected that bitcoin will reach $100,000 by September 2024.
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dappOS announced that since integrating GMX V2 two months ago, it has added 30,596 new users and seamlessly traded on GMX supported by dappOS V2. In the past 30 days, dappOS users have contributed over 15% of TVL to GMX, and at the same time, dappOS has also issued 100,000 ARB token interactive airdrop rewards to users.
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Polygon zkEVM, the Ethereum Layer 2 network which was launched a year ago this week, appears to be suffering a network outage. Multiple block explorers show an outage of over twelve hours, at time of publishing, since a block was successfully sequenced and added to the chain.
The Polygon zkEVM team has yet to officially respond, though a message on the zkEVM section of Polygonscan reads "The zkEVM mainnet network is currently on-going unscheduled maintenance, block data might not be up to date."
Launched on March 27, 2023 with a symbolic first transaction by Vitalik Buterin, Polygon zkEVM is a zero-knowledge scaling rollup solution that's compatible with the Ethereum Virtual Machine, or EVM. However, Polygon zkEVM has failed to gain the traction of similar Layer 2 networks, seeing far fewer transactions than its competitors, according to The Block's data dashboard.

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Polygon did not immediately return The Block's request for a comment.
This is a developing story.
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