The latest price moves in bitcoin (BTC) and crypto markets in context for March 1, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
The price of Worldcoin’s WLD token dropped approximately 5% amid news that Elon Musk has sued OpenAI and Sam Altman.
Estimates would see Bitcoin’s fourth halving arrive on April 21, with the block reward dropping from 6.25 BTC to 3.125 BTC.
BlackRock’s IBIT saw its second-largest daily inflows of $603.9 million — canceled out by $598.9 million in outflows from Grayscale’s GBTC.
The Bank for International Settlements has issued recommendations for the regulation, supervision and oversight of global stablecoin arrangements.
Decentralized lending protocols’ total value locked has exceeded $30 billion for the first time since mid-2022.
WLD is considered a proxy bet on OpenAI, the Sam Altman-owned artificial intelligence company.
Fervor in the crypto markets is primarily being driven by demand for the newly launched bitcoin exchange-traded funds in the U.S.
Never before has the RSI been this overbought alongside an above-$60,000 bitcoin price, analysts at The Market Ear explained.
The Delta hardfork was deployed on various Optimism-based chains, including OP Mainnet, Base and Zora, targeting reduced Layer 1 fees.
