Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»BITCOIN NEWS»🔴Ethereum ETF delay | Cryptocurrency News of the Week – March 11, 2024
BITCOIN NEWS

🔴Ethereum ETF delay | Cryptocurrency News of the Week – March 11, 2024

By Crypto FlexsMarch 11, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
🔴Ethereum ETF delay |  Cryptocurrency News of the Week – March 11, 2024
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin Hits All-Time High, Ethereum Fees Soar Due to Memecoin Mania, Is Tesla Buying Bitcoin Again? This week we bring you these stories and more in cryptocurrency.

Bitcoin hits all-time high

Bitcoin hit an all-time high after a week of volatile trading. It first touched just over $69,200 on Tuesday before plummeting 10%. But by the weekend, Bitcoin had recovered and briefly surpassed $70,000 for the first time. Billions of dollars have poured into Bitcoin ETFs, and anticipation of the upcoming halving event continues to pique investor interest. Meanwhile, Ether hit $4,000 for the first time in two years as speculation about a spot Ether ETF grew.

Memecoin Mania’s fees soar.

Memecoin mania is back with Ethereum-based meme tokens like Pepe, Shiba Inu, and Floki each more than doubling in price. Shiba Inu leads the way, with a market capitalization rising to over $25 billion. The growth is due to accelerated token burns and expected Shibarium network upgrades. The meme coin craze has pushed Ethereum gas fees to their highest level in nearly two years, making transfers difficult.

Asia’s Fomo Fuels Bitcoin

Bitcoin’s recent surge has been driven primarily by Asian investors, particularly those from South Korea, China, and Hong Kong, who account for about 70% of trading volume. Asia accounted for $800 billion of the total $1.17 trillion in Bitcoin traded in February. This trend shows a significant FOMO effect in the region, which is further evidenced by the 12x increase in searches for “Bitcoin” on the WeChat messaging app.

Ethereum ETF delayed

The US SEC has postponed a decision on two new cryptocurrency products. A decision on an Ethereum ETF application has been postponed, triggering a public comment period in which the agency seeks input on whether the arguments supporting the approved Bitcoin ETF are applicable to Ethereum and what potential manipulation risks it may pose. . The SEC also postponed a decision on whether to allow exchanges to list and trade spot Bitcoin ETF options.

BlackRock Buys Bitcoin ETF

BlackRock, the world’s largest asset manager, recently updated its SEC filings to indicate that it intends to purchase spot Bitcoin ETFs with its funds. The BlackRock Global Allocation Fund and Strategic Income Opportunities Fund aim to generate investment returns through stocks, debt, money market securities, and now Bitcoin.

Pay FTX with BlockFi

Bankrupt companies BlockFi and FTX announced an agreement to resolve their long-running legal dispute. FTX will pay $874 million to BlockFi, including $185 million in customer claims for FTX.com and $689 million in claims for Alameda Research. This negotiation is evaluated as a positive result in that it can reduce litigation costs in BlockFi bankruptcy proceedings through arbitration.

Spain suspends Worldcoin project

Spain has suspended the Worldcoin cryptocurrency project, co-founded by OpenAI CEO Sam Altman, due to privacy concerns. The Spanish government’s data protection agency has ordered Worldcoin, which offers WLD tokens in exchange for iris scans, to suspend its activities in the country for three months, highlighting the high risk to citizens’ rights arising from the processing of sensitive biometric data.

Is Tesla Buying Bitcoin Again?

There is speculation surrounding Tesla’s Bitcoin holdings, as the company’s BTC wallet currently holds approximately 11,509 Bitcoins, approximately 1,800 more than reported in its last earnings report. Some expect the recent Bitcoin purchases to be revealed in Tesla’s upcoming earnings call, while others consider it a possible accounting error. Tesla bought $1.5 billion in Bitcoin in February 2021 and then sold 75% of its stack in 2022.

This is what happened in the cryptocurrency market this week. I will see you next week.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitfinex Alpha | While the market is waiting for the catalyst, BTC is integrated and leverage falls.

August 4, 2025

Is it really possible to sell Memecoins?

July 29, 2025

Big Bob Slot -Self -There fish, bite wins!

July 23, 2025
Add A Comment

Comments are closed.

Recent Posts

Caldera Announces Partnership With EigenCloud To Integrate EigenDA V2

August 7, 2025

Are Monero in danger? Five orphan blocks were found during the Cubic Mining War.

August 7, 2025

One Card To Seamlessly Bridge Web3 Assets And Real-World Spending

August 7, 2025

Coinbase’s USDC fee, encryption or other banks?

August 7, 2025

Protocol Update 001 -scale L1

August 7, 2025

As you challenge the mixed technology signal, OnDo Price Hovers challenges the August Bullish predictions.

August 7, 2025

XRP struggles for $ 3: Do Whale Offroads attract it lower?

August 7, 2025

Bybit’s Ben Zhou Charts Bold New Course To Rewrite Crypto Success At Mid-Year Keynote

August 6, 2025

Quantum advantage: Is the threat really?

August 6, 2025

Flipster And Kaia Partner To Extend Stablecoin Access Across Asia

August 6, 2025

MEXC Ventures Invests In Triv, Indonesia’s Leading Crypto Exchange, At $200 Million Valuation To Accelerate Southeast Asia Expansion

August 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Caldera Announces Partnership With EigenCloud To Integrate EigenDA V2

August 7, 2025

Are Monero in danger? Five orphan blocks were found during the Cubic Mining War.

August 7, 2025

One Card To Seamlessly Bridge Web3 Assets And Real-World Spending

August 7, 2025
Most Popular

Worldcoin has partnered with Dune to increase transparency ahead of World Chain mainnet launch.

October 13, 2024

Bitcoin Trading Volume Plummets 30% in 6 Months as BTC Price ‘Lowers Interest’

September 5, 2024

Ethereum ETF Could Soon Follow Spot Bitcoin Fund Approval

January 9, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.