Fed Chair Powell expects rate cuts this year
Fed chair Jerome Powell stated that they have set this year as a target for interest rate cuts, but that they “would like to see more data” in order to proceed with the cuts.
News
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Binance listing and meme coin craze brings ATH for dogwifhat (WIF)
In the cryptocurrency industry, while the meme coin craze that PEPE started about 2 weeks ago continues, the star of yesterday and today was dogwifhat (WIF), which Binance announced the listing of dogwifhat (WIF). The increase of more than 100% in the coin brought a peak in price.
ARK Invest sells $24 million of Coinbase shares
ARK Invest, a fund firm known for heavily purchasing Coinbase shares at levels between $30 and $50, made a new $24 million sale on Monday. The firm’s sales since October have almost halved the number of COIN shares it holds.
Binance announces next Launchpool project
Binance announced AEVO as the 48th Launchpool project. Users will be able to start earning AEVO with their BNB and FDUSD from 8 March. The general list will start on 13 March.
Trader who buys the token on the Solana network makes 1000x profit
This year, especially in Solana, where the meme coins in the network made very serious profits, some movements that smell of “insider trading” were seen again. A trader managed to turn his investment of only $205 into $225 thousand in 3 days.
BlackRock ETFs record $788M net inflow
Bitcoin reached the $69,000 level once again yesterday after 2.5 years, while BlackRock received a net investment of $788 million. Daily total net inflows also saw the second-largest inflow with $ 648 million.
DeFi TVL breaks $100 billion for first time in almost two years
The total value of locked assets in the decentralised finance ecosystem surpassed the $100 billion for the first time since May 2022. It is thought that the restaking and real-world assets (RWAs), as well as the surge in prices, have increased interest in this market.
The reason for the Bitcoin drop from $69,000 became clear: Old miners came into play
Although Bitcoin reached its $69,000 peak again yesterday after more than 2 years, it could not stay here for long and experienced a sharp decline down to $59,000. The main reason behind the big sell-off is estimated to be that some accounts that were mining even in 2010 moved BTC to Coinbase.
BlackRock may add more Bitcoin to its strategic portfolio
BlackRock, the company that approved the Bitcoin spot ETF on 10 January, made a new application to the SEC. The giant company, which manages $10 trillion in assets, wants to include Bitcoin in one of its major funds.
Spot ETFs fuel the surge in Bitcoin price: Another sell-off from Grayscale
Bitcoin spot ETFs received one of their largest investments yesterday. There was a net inflow of 562 million dollars to ETFs. While Grayscale continued its sell-offs on Thursday and Friday yesterday, there was an outflow of $368 million from the company. On the other hand, BlackRock was the company that received the most investment.