Daily Notes 03-01-2024
Developments
Matrixport's BTC ETF Rejection Prediction
Matrixport released a report with the prediction that the spot BTC ETF applications would be rejected by the SEC and that BTC would drop to $36,000. Bloomberg ETF Analyst Eric Balchunas expressed his confusion to the report on Twitter.
Significant Liquidations
According to Coinglass data, $688.36 million has been liquidated in the last 24 hours, with $593.91 million of which were liquidated longs and the remaining $94.46 million liquidated shorts.
Binance's USDC/USDT Pair Experiences Drop
Binance’s USDC/USDT pair wicked down to $0.76 today as the crypto market dropped.
SEC Meeting on Spot BTC ETFs
The SEC will be meeting with stock exchanges to finalize comments surrounding spot BTC ETFs.
Etherscan Acquires Solscan
Etherscan acquires Solscan, a Solana block explorer.
Astar Labs Working on zkEVM Chain
Astar Labs is working on an Astar zkEVM chain, dApp staking v3, and tokenomics v2.
Vitalik Buterin on ENS Protocol's Importance
Ethereum co-founder Vitalik Buterin says ENS protocol is “super important”. The ENS token reacted positively, and price increased as high as 50% before retracing to 17%.
Curve Finance Integrates ZetaChain
Curve Finance will integrate ZetaChain “for the first native BTC support for cross-chain swaps and omnichain asset pools”.
Stepn Launches “Gas Hero Official”
Stepn launches new game “Gas Hero Official”, a social strategy game.
Michael Saylor Selling MicroStrategy Stock
Michael Saylor has started the selling of $216 million (310,000 shares) of MicroStrategy stock.
Trending Assets
Below $100M MC by performance, on chain
NOLA, a memecoin on Arbitrum, is up 72%.
Above $100M MC by performance, on chain
PEOPLE had the strongest recovery today, and is up 81.32% today. ENS is up 17.20% following Vitalik’s tweet.
Above $1B MC by performance, on chain
ETH beta coins had a good day. ARB is up 11.66% and LDO is up 8.82%.
Trading Volumes
MKR, crvUSD, LDO, LINK and AAVE dominated on-chain volumes.
TVL
TVL Above $10M
Over the past day:
MilkyWay Zone, liquid staking for Celestia, TVL is up 11.96%.
HMX, perpetuals DEX, TVL is up 9.69%.
Tonstakers, liquid staking on TON, TVL is up 8.96%.
Fees
Uniswap V3 fees earned are up 452.21% today, GMX V1 fees earned are up 246.30%
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