Bitcoin Hits All-Time High
USDT's Market Cap At $100B, SEC Delays Ethereum ETFs Again, SHIB Briefly Drops 50% On Coinbase
Welcome to Coinfeeds’ Daily Digest! Welcome to Coinfeeds’ Daily Digest! Today we cover Bitcoin's price and market cap hitting all-time highs and MicroStrategy setting up to raise $600 million to add more Bitcoin to its holdings, as well as an Ordinals developer Runestone doing a massive airdrop to 112,383 wallets holding at least 3 inscriptions. In the Ethereum world, Omni Network has signed a $600 million restaking deal with EtherFi that will operate on EigenLayer for increased security, and the SEC has once again delayed its Ethereum ETF decisions and welcomed comments and feedback from the public, giving 21 days for submissions. Also, Shiba Inu has dropped 50% on Coinbase for a short period, USDT has hit a $100 billion market cap, and Fantom has set out to recover $112 million lost in a $200 million Multichain Foundation hack.
Market Update
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Bitcoin Hits All-Time High, Surpassing $69,000
Bitcoin's market capitalization has reached a new all-time high of $1.303 trillion, signaling a robust comeback for the digital currency, and the price of Bitcoin has surpassed $69,000, also reaching an all-time high and marking another historic day for the biggest cryptocurrency. Following the ATH hit, Bitcoin’s price sharply dropped nearly 5%. | Read More
MicroStrategy To Raise $600 Million To Buy More Bitcoin
MicroStrategy has announced plans to further increase its Bitcoin holdings. The company, already known for its aggressive accumulation strategy, is set to raise $600 million through the issuance of senior convertible notes. This decision comes as MicroStrategy's stock price soars past $1,330 and Bitcoin trades at its all-time high. | Read More
USDT Hits $100 Billion Market Cap
Tether's USDT stablecoin has reached a $100 billion market cap, a testament to its growing importance in the digital asset ecosystem. The surge to a $100 billion market cap was fueled by a significant increase in demand for USDT, with the stablecoin adding $2 billion to its supply over the past week. USDT is the most popular stablecoin, holding over 70% of the $140 billion stablecoin market share. | Read More
Omni Network Signs $600M Restaking Deal With Ether.Fi For Security
Omni Network has entered into a groundbreaking $600 million restaking deal with Ether.Fi, marking a pivotal moment in the blockchain industry, aiming to enhance the security of the EigenLayer ecosystem and, by extension, the broader blockchain landscape. This substantial investment represents about a third of Ether.Fi's TVL, and the funds from Ether.Fi will be restaked on EigenLayer, a leading Ethereum restaking protocol with over $10.3 billion in TVL. | Read More
Fantom Is Trying To Recover Funds From Multichain’s $200M Exploit
In a significant move to address the aftermath of a $200 million exploit, the Fantom Foundation is embarking on a legal journey to recover lost assets from the Multichain Foundation. This decision comes after a breach that not only affected Fantom's ecosystem but also caused substantial financial losses across various blockchains. | Read More
SEC Delays Ethereum ETF Decisions
The SEC has once again delayed its decision on proposals for spot Ethereum ETFs submitted by financial giants BlackRock and Fidelity. This recent postponement marks the second time BlackRock's iShares Ethereum Trust proposal has been put on hold. Similarly, Fidelity's proposal for a spot Ethereum ETF has also faced delays. | Read More