Good morning crypto insiders, in this article we present a summary of the most important events in the crypto world that took place last night.
This way you can quickly find out about the latest developments. More detailed articles on these topics will appear on Crypto Insiders later today.
Bitcoin ETFs record inflows for the third consecutive day
We start again with the new Bitcoin (BTC) exchange-traded funds (ETFs). American stock market funds recorded net inflows for the third day in a row yesterday.
This actually seems to have broken the negative trend of last week. Net inflows were $243.5 million on Wednesday, slightly below Tuesday’s $418 million.
That’s because Grayscale outflows rose to nearly $300 million and the Fidelity fund saw almost no inflows after two very good days. Ark Invest’s ETF, on the other hand, had its best day ever with inflows of $73.6 million.
BlackRock’s Larry Fink is very bullish on BTC
The BlackRock fund also recorded another significant inflow of $323.8 million on March 27.
BlackRock CEO Larry Fink is positively surprised by the performance of his ETF. He says he is very bullish It’s about Bitcoin and how BlackRock’s Bitcoin ETF is the fastest growing ETF in the history of all ETFs.
BlackRock CEO Larry Fink says so $IBIT Job #Bitcoin #ETF is the fastest growing ETF in history
pic.twitter.com/NOsDlFgROi— Simon Dixon (@SimonDixonTwitt) March 27, 2024
Additionally, the CEO doesn’t seem to be worried about Ethereum (ETH) being like this Security (effect) is classified. In his opinion, an ETF is still possible.
The founder of Ethereum has a new proposal for decentralization
Vitalik Buterin, co-founder of Ethereum, has made a new proposal to better decentralize the Ethereum network.
He presents this as several Validators If they fail together under the control of the same actor, they receive a higher penalty than if they fail independently.
Thorchain reaches important milestone
Thorchain (RUNE), a decentralized liquidity protocol, has announced that it has reached a total monthly trading volume of more than $10 billion for the first time in its history.
March 2024 was the first month in THORChain history with trading volume exceeding $10 billion 🎉
A big win for DEXs, but the goal is clearly to reverse the volume and liquidity of centralized exchanges.
Bitcoin liquidity will exist natively on-chain. Further pic.twitter.com/7OsxsErGaK
— THORChain (@THORChain) March 27, 2024
What is striking is that the milestone seems to spark a discussion with Bitcoin fans who consider the protocol to be risky.
Communities of three AI cryptocurrencies will vote on the merger
Yesterday on Crypto Insiders you read the news that three different AI projects want to merge into one major cryptocurrency.
At first the news wasn’t confirmed, but now it is. However, the initiative must also be approved by the community.
It has now been announced when the vote will take place: three rounds of voting will take place between April 2nd and 16th.
