Weekly Crypto Recap (March 4th - March 10th)

Weekly Crypto Recap (March 4th - March 10th)

Here's a weekly recap from Metaverse.SG, highlighting the most notable crypto events this week:

• Market Overview.

• ETF vs Corporation

• AEVO Launch and convert RBN to AEVO.

• Over $200 Millions is at risk in Blast L2.

Let’s dive headfirst into the main crypto news of this week!


Market Overview


BTC: 

• BTC breaks $72,000

• ETF inflows are increasing

• Market greed index reaches historic highs
  

• BTC surpassed Silver in market capitalization

ETH:

• ETH breaks $4000

• There are widespread rumors about ETF adoption.

• Ethereum plans the "Dencun" update for March 13.

BNB:

• BNB breaks $500.

• BNB is 20% ahead of SOL in capitalization, ranking 4th.

• Despite concerns about CZ's trial in late April, BNB growth continues.
  
  

ETF vs Corporation
Inflows into BlackRock ETFs are rising, sparking a rivalry with MicroStrategy: 

• Last week BlackRock surpassed MicroStrategy in BTC holdings

• BlackRock's Bitcoin ETF nears 200,000 BTC

• Today, MicroStrategy purchased 12,000 BTC at an average price of $68,400

• MicroStrategy's bitcoin holdings reach 205,000 BTC with latest purchase, exceed BlackRock's ETF

AEVO Launch and convert RBN to AEVO

Binance announced $AEVO farm:

• Farming started from 2024-03-08 00:00 (UTC).

• Binance will then list AEVO at 2024-03-13 10:00 (UTC).

In pre-markets, $AEVO's price has hit $2.9 per token. 

However, you have the option to buy $RBN at $1.5 ($1.22 at the time of the thread's release in x) from AEVO, which will convert on a 1 to 1 into $AEVO.

Conversion details👇:

• As of July 25, 2023, the community's vote on the conversion from $RBL to $AEVO has officially wrapped up, with an overwhelmingly positive response in favor of the switch.
  
  

• The team has kicked off a vote, which will wrap up on March 8, pushing for an earlier token conversion.

• Migration from $RBN to $AEVO at a 1:1 starts in the second half of May.

Over $200 Millions is at risk in Blast L2

• Over $200 million is at risk in the Blast_L2 ecosystem due to a significant security flaw discovered by an individual in Pac Finance.
  
  

• Find all the technical details in this thread👇
  https://twitter.com/thisburpo/status/1766339565173039398
  
  

• The Protocol Ring team refutes the claims, yet we advise removing funds from both Protocol Ring and Pac Finance as a precaution during this uncertain period.

Conclusion:

• Stay tuned

• Stay updated instantly on our X channel 👉 https://x.com/MetaverseSG. 

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