Crypto News Weekly Digest 22.03.2024
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2024-03-22
El Salvador had twice as many Bitcoins in his wallet.
The President of El Salvador, Nayib Bukele, published the data of the official cryptocurrency wallet. It turned out that he had 5,689 BTC in his storage, which is twice as much as previously.
Nayib Bukele said that most of the first cryptocurrency will be sent to a cold wallet. According to him, this will be the country's first “piggy bank” of awards.
The information provided by the head of state, in contrast to the tracker data, estimates the number of conclusions at only 2,864 coins. According to the analytical portal Arkham Intelligence, the vast majority of BTC stored in the cold wallet was transferred to the Bitfinex cryptocurrency platform.
The prosecutor's office demands that Sam Bankman-Fried be imprisoned for 40-50 years.
The former head of the bankrupt FTX exchange, Sam Bankman-Fried, has been in prison since August last year. The trial is over and he is waiting for the judge to pronounce his sentence. Yesterday it became known that the prosecutor's office requested that the entrepreneur be sentenced to imprisonment for a term of 40 to 50 years. But he could still receive a sentence of more than 100 years.
The 116-page document presented to Judge Lewis Kaplan on March 15 details Bankman-Fried's activities. The prosecution emphasizes that Bankman-Fried pleads not guilty to the largest crypto fraud in the history of cryptocurrencies.
DEX on Solana became the leader in terms of trading.
Decentralized exchanges powered by Solana have cornered approximately half of the market due to heavy trading volumes, according to CoinGecko data.
The segment's leader was the Jupiter platform with an estimated $2.66 billion, while the other leader was Raydium ($2.4 billion).
The third place in the ranking was taken by the largest DEX Uniswap, followed by Solana-Maidan Orca - $1.4 billion.
The most popular pair among the two lower leaders is SLERF/SOL.
Even though the meme-token project encountered problems with the appearance of the “weapon” in the liquidity pool and the airdrop coins, sleepiness gave it some encouragement.
Starbucks is ending its NFT program to "prepare for what's next".
On March 15, Starbucks announced that it was suspending its non-fungible token (NFT) program and users "have until March 25, 2024 to complete any remaining travel." The company said it is ending the beta version of Starbucks Odyssey to "prepare for the future as we continue to evolve the program."
On an updated FAQ page, Starbucks announced that it will officially end the program on March 31, 2024. However, the Odyssey Discord server will close early, on March 19th.
BlackRock launches its first tokenized asset fund.
The largest asset management company BlackRock has applied to launch the USD Institutional Digital Liquidity Fund. This will be the company's first fund with tokenized assets.
According to the filing, BlackRock created a fund under the jurisdiction of the British Virgin Islands back in 2023, but there has not yet been a public launch.
The company has filed a Form D that intends to exempt the fund from certain SEC regulations. The documents state that to participate in the fund, an investment of at least $100,000 is required.
The USD Institutional Digital Liquidity Fund will be presented on the American platform Securitize, which works with digital assets and conducts token sales. The volume of the fund is not limited.
As part of the USD Institutional Digital Liquidity Fund, assets will be placed on the Ethereum network in the form of ERC-20 tokens called BUIDL. Currently, these tokens have only one owner, and their market capitalization is $0.
Another CryptoPunk sold for $16 million.
On March 20, CryptoPunk #7804, one of nine so-called “aliens,” sold for 4,850 ETH, which amounted to $16.42 million at the time of sale.
This is the second most valuable transaction with collection tokens in history, both in dollars and in cryptocurrency.
This comes about two weeks after another Alien Punk, #3100, was purchased for 4,500 ETH ($16.03 million).
As with this purchase, the new owner of CryptoPunk #7804 has not publicly revealed himself. It is only known that the Ethereum wallet used for payment was replenished through Coinbase.
The seller of the asset under the pseudonym Peruggia purchased it in March 2021 for 4,200 ETH, which was then worth $7.57 million. He commented on the deal, calling it “the end of an era.”