Key Points | Feb. 27, 2024 | Bitcoin ETFs Breaks All Time Volume Record
Welcome to BitPinas Key Points: easily digestible news in concise formats for easy reading. Let’s check the latest crypto news stories in the last 24 hours.
Table of Contents
Crypto Price Update
Market News
- Bitcoin continues upward trend and has now climbed to ₱3,000,000.
- Automated Market Maker sector was the best crypto sector yesterday, led by Uniswap, which gained 37% in the last 7 days.
- BNB climbs to $400, attributed to interest in launchpad tokens. We covered the launchpad in a previous article.
- PIXEL token surges to near launchpad date prices.
Bitcoin Spot ETF
- The spot bitcoin ETFs set a new daily record for combined trading volume at $2.4 billion, surpassing the previous record set on the launch day.
- BlackRock’s spot bitcoin ETF led the activity with $1.3 billion traded, placing it among the top traded ETFs and stocks.
- This high volume suggests growing institutional interest in these new bitcoin investment vehicles.
Philippine Crypto News
- 2 days until final date of possible Binance ban in the Philippines. Note that the SEC said this deadline can be extended. In the meantime, it appears the crypto community has already made their choice.
- Coins.ph new promo on PYUSD:
- PDAX launches new Hedera campaign:
Regulation
- Hong Kong is preparing rules to stop stealthy crypto purchases.
- Fake emails shared in the Craig Wright trial.
Noteworthy
- MicroStrategy buys 3,000 more bitcoin for $155.4 million.
- The Twitter account of MicroStrategy was also hacked, leading to $440,000 worth of crypto stolen.
- Crypto projects have received over $90 billion in total funding.
Upcoming: BitPinas Webcast
Tune in to the BitPinas webcast this Feb. 27, 8pm as we recap the crypto news of the week:
1. Solana’s search volume surges in the Philippines.
2. Bitcoin Cash adoption in Tacloban.
3. Local exchange PDAX continues listing spree, from RON to HBAR.
With weekly crypto news recap from BitPinas writer Shiela Bertillo and Trivia Q and A with Lance Domagas.
This article is published on BitPinas: Key Points | Feb. 27, 2024 | Bitcoin ETFs Breaks All Time Volume Record
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