Base's TVL Doubled In A Month
Binance Ends USDC Support On Tron, Elon Asks Vitalik Why He's Shifting From Twitter, Hedge Fund Clients Explore Crypto
Welcome to Coinfeeds Daily Digest! Today we cover major developments within the Tron ecosystem, where Justin Sun is planning to integrate wrapped USDT and bridge Bitcoin and Tron with $55 billion in potential liquidity, and Binance is set to end Tron-based USDC support by April as a response to Circle stopping USDC minting on Tron. Vitalik has been using Twitter less and less, which sparked the curiosity of Elon Musk, who publicly asked why. Also, with BlackRock seeing large inflows and GBTC seeing large outflows in their Bitcoin ETFs, BlackRock is on its way to outpace GBTC; BlackRock and Goldman Sachs' clients are now exploring crypto investments more actively.
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Base's TVL Doubles In A Month, Soars to $2.13 Billion
One of the most talked-about factors contributing to the growth of Base's TVL is the rising interest in memecoins. Industry experts are now speculating that Base could emerge as a new hub for memecoins, challenging other networks like Solana, which previously saw a memecoin craze. | Read More
BlackRock, Goldman Clients Are Actively Exploring Crypto
Despite not offering direct cryptocurrency products, Goldman Sachs has been proactive in providing its clients with exposure to crypto derivatives. This trend is mirrored by BlackRock, another financial giant, where clients have expressed a preference for Bitcoin over Ethereum, albeit with a 'little bit' of demand for the latter. | Read More
Tron Eyes Bitcoin Layer-2 Solution
The primary goal of Tron's layer-2 solution is to enhance the flow of stablecoins and tokens between the two networks. By allowing a 'wrapped' version of USDT to move seamlessly between Tron and Bitcoin, both ecosystems could see a significant boost in liquidity. | Read More
Vitalik Distances From Twitter, Elon Asks Why
Vitalik Buterin, a prominent figure in the cryptocurrency space, has been notably less active on X, choosing instead to engage with his audience on Farcaster, a newer, crypto-centric social media platform. Elon Musk, the owner of Twitter, publicly questioned why Buterin has distanced himself from X. | Read More
Binance Ends USDC Support on Tron
Binance's decision to end support for USDC on Tron is a direct response to Circle's earlier move to stop USDC minting on the same network. This change is specific to the Tron blockchain and does not affect USDC transactions on other networks and the BNB Smart Chain. | Read More
BlackRock ETF Set to Outpace GBTC in Bitcoin Holdings
BlackRock's spot Bitcoin ETF has been experiencing remarkable daily inflows, averaging $274 million, which translates to around 4,120 BTC. In stark contrast, GBTC has been facing daily outflows, averaging $277 million. This dynamic has set the stage for BlackRock's ETF to potentially become the largest institutional holder of Bitcoin by April 11. | Read More