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

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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. 

  • To keep up with our Weekly Crypto Recap, sign up for our email newsletter👇

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