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- BlockchainIST Insights
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We decode the complexities of blockchain and crypto-economics with precision and poise. As a research center committed to revealing the entanglements of this dynamic domain, we are delighted to present you with a curated collection of insights, analysis, and cutting-edge research.
📰 TOP NEWS
Bitcoin marks ATH (All-time-high) price and market capitalization.
“This week, the market capitalization has surged to an unprecedented high of $1.357 trillion, accompanied by a peak price of $69,200 and a substantial volume of 19,644,550 Bitcoin in circulation. Additionally, Bitcoin has broken new ground against the euro, surpassing 60,000 euros, showcasing its robust performance across different hard currencies.”
On March 5, the BlackRock iShares Bitcoin Trust (IBIT) ETF saw its largest daily inflows, hitting $788 million, surpassing its previous record of $612.1 million on Feb. 28.
The Ethereum network is preparing for a significant upgrade called "Dencun" combining the features of two smaller updates, Cancun and Deneb. It is expected to happen on the 13th of March.
“It reflects the ongoing efforts to make the blockchain more scalable and efficient. It could lead to a more cost-effective and user-friendly blockchain, potentially influencing how regulators view and interact with the crypto industry as it increasingly integrates into financial systems.”
Yuga Labs and Magic Eden announced their partnership by establishing an Ethereum-based NFT marketplace lacking support for creator royalties.
“This symbolic move coincides with Magic Eden's Ethereum marketplace launch, reflecting a shift towards creator-centric web3 practices and addressing revenue declines. The partnership aims to enforce creator royalties, distinguishing it from competitors like Blur and OpenSea.”
📌 REMARKS OF THE WEEK
🔐 CRYPTO UNLOCKS
In this section. Token/coin unlocks above $100 M will be included.
🎥 EVENT OF THE WEEK
Istanbul Fintech Week 24'
Over five years, the IFW event hosted more than 11,000 participants from 50 countries. There will be two main summits and several programs about Web3, Digital Finance, AI in Finance, Women in Fintech, Roundtables and Awards.
Dates April 16 and 17
Fişekhane, Kennedy Street, Istanbul
💬 EXPERT OPINION
Some projects that are currently independent layer 1s are seeking to come closer to the Ethereum ecosystem.
Vitalic published a blog post that argues these initiatives may prefer a gradual shift. Shifting everything simultaneously at this point would reduce usability due to the technology not being fully prepared for complete roll-up integration. Conversely, delaying a simultaneous transition risks losing momentum and arriving too late to make a significant impact.
ℹ️ METRIC OF THE WEEK
US spot Bitcoin ETFs are set to exceed GBTC holdings this week, marking a significant milestone. The reason for that is the differences in the cumulative flow of Bitcoin Spot ETFs and GBTC.
GLOSSARY CORNER Inscriptions: Bitcoin ordinals, also called inscriptions, are a way to attach additional data to individual satoshis (the smallest unit of Bitcoin). This allows users to create unique digital artifacts directly on the Bitcoin blockchain. | EDITOR’S CHOICE |
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