The bank lifted its rating on the stock after bitcoin hit record highs and the crypto exchange’s trading volume reached levels not seen since 2021.
The New Zealand exchange went offline in 2019 following a cyber attack that saw millions of dollars worth of tokens stolen.
Aevo’s airdrop is coming on March 13 and traders can use its own platform to speculate on how much the token will be worth.
Traders have been using meme tokens as a proxy bet on the growth of Ethereum or other blockchains.
The stablecoin earns yield by shorting ether futures and capturing funding rates – which have surged in the past two weeks.
Spot bitcoin ETFs in the United States continue to vacuum up bitcoins — now claiming roughly 4% of the entire bitcoin supply.
The bitcoin spot ETF market could grow to around $62 billion in the next two to three years, the report said.
Meanwhile, Grayscale’s higher fee converted GBTC spot bitcoin ETF surpassed $10 billion in total outflows on Thursday.
While crypto trading volumes have been up since November, there has been a recent rapid increase in daily trading activity.
BlackRock may purchase spot bitcoin ETFs for its Global Allocation Fund, according to the asset manager’s updated filing with the SEC.
