BlackRock Enters the Scene: Ethereum ETF and Base Season Kick Off
Crypto Report
March 20, 2024
DAILY MARKET OVERVIEW
Ethereum ETF Hopes Take a Hit!
Greetings, fellow Crypto Enthusiasts, today we embark on another journey through the crypto space. Let’s begin with the Ethereum ETF.
The SEC seems to be playing hard to get when it comes to approving Ethereum ETFs. Several applications from big players like VanEck, Ark Invest, Hashdex, and Grayscale have been delayed yet again.
According to ETF analyst James Seyffart, the lack of communication from the SEC has made the chances of approval in May seem slim. Unlike the Bitcoin ETF saga, where there was a constant back-and-forth, this time around, the SEC has been quiet.
However, the crypto community remains optimistic for a December approval. Matt Hougan, Asset manager at Bitwise (who doesn't even have an active Ethereum ETF application), believes an eventual green light is inevitable.
TWITTER SENTIMENT
The Great Base Migration
Exciting times ahead! The Great Migration is happening right now! The Base chain is buzzing with loads of new users coming in and trading volumes skyrocketing.
Plenty of projects are seeing huge gains, with some even increasing their value by 200% in just one day! This could very well kick off the long-awaited Base season. Everyone on Crypto Twitter is super pumped about the potential for massive growth in the coming months.
Here are the current most popular Projects on Base:
Meme Coins
Based Brett (BRETT)
Normie (NORMIE)
Decentralized Exchange Coins
Aerodrome (AERO)
Scale (SCALE)
Real-World Asset Coins
Grand Base (GB)
NFT Projects
MYSTCL (MYST)
Based Brian (CAP)
Solana Traders Moving To Base
BlackRock & Real World Assets
The CEO of BlackRock, Larry Fink, is renowned for his bullish stance on asset tokenization.
Supporting this, BlackRock recently filed to establish a digital asset fund. This news has ignited crypto Twitter, gathering substantial attention.
Fun Fact: Today, BlackRock created their crypto wallet, depositing $100m USDC. Shortly after, people began sending various meme coins, filling the wallet with cute dogs and frogs🐶🐸
We anticipate BlackRock's move to kickstart the real-world asset narrative, potentially driving significant growth for projects like Ondo and Goldfinch.
NEWS OVERVIEW
Recent Crypto News
YOUTUBE INFLUENCER SUMMARY
Ivan On Tech - BITCOIN AND ALTCOINS KEEP DUMPING SO FAST!!!! (time to get worried?) (20.03.2024 Summary)
Crypto is having another crazy day with Bitcoin and altcoins dumping hard! But don't worry, this is completely normal in a bull market. We've seen 20% dips many times before, and they're just opportunities to buy the dip at discount prices.
Ivan is buying Bitcoin at $61K, $62K, and even has an order set at $60K because it's an absolute steal compared to $74K just last week. The bears are panicking and shorting, but the institutional order books are super thin. A few days of bullish momentum and we'll be back above $70K in no time!
The key is not getting shaken out by the volatility. Most people get wrecked because they get addicted to the dopamine rush of green portfolios. Then a couple of red days feel like an eternity, and they think the bull market is over. But we've all been there as crypto newbies!
This dip is just giving us extra discounts before the next Bitcoin halving event. Historically, people dump right before halvings for some reason, even though that's the last thing you want to do with the big gains that typically follow.
While Bitcoin is dipping, gaming and AI projects like Gamesweift, Atrium, and Aether are gearing up for the next wave of innovation after this volatility passes.
So stay strong, buy the dips wisely, and get ready for Bitcoin's next mega rally. This is just the cycle repeating before we go to $100K and beyond! As Ivan says, "I ain't trying to retire on the beach, I love it here" in the crypto markets.
Coin Bureau - Why Is Bitcoin CRASHING?! Crypto Market Update!! (20.03.2024 Summary)
It's crypto crash time, folks! Bitcoin and altcoins are taking a nosedive, leaving everyone scratching their heads. But fear not, Coin Bureau is here to break it down.
The initial dip? Just some long traders getting a little too greedy and getting liquidated – a classic tale of crypto overconfidence. But wait, there's more! It seems the real culprit is a sudden lack of those sweet, sweet passive flows that have been propping up the market like a crypto sugar daddy.
But why did the flows stop, you ask? Well, according to Coin Bureau's macro expert buddies, it's all part of a cyclical phenomenon that has nothing to do with inflation or interest rates. It's just the market being the market, y'know?
Now, here's the million-dollar question: When will the flows (and the gains) come back? The answer is a big, fat "¯\_(ツ)_/¯" for the short term, but Coin Bureau's crystal ball says sometime this summer, those flows will start trickling back in.
In the meantime, get ready for a wild ride! Recovery rallies, Fed announcements, and even a potential Bitcoin halving in April could send prices on a rollercoaster ride. But don't worry, Coin Bureau's got your back with all the juicy details on when and how high the market could soar.
It's going to be a bumpy ride, but if Coin Bureau's predictions are right, we could be looking at new all-time highs and a crypto party like no other by 2025. Just remember, when the music stops, be ready to grab a chair (or in this case, some stable coins)!
The information provided in this newsletter is for general informational and educational purposes only. It should not be considered financial advice or a recommendation to buy or sell. Please consult a qualified financial advisor for personalized advice that considers your individual financial situation and goals.