Ethereum’s Shanghai Upgrade Could Bring $2.4B Selling Pressure to Ether: Observers
The 1 million instantly withdrawable ether has become a point of concern for the market.
Markets
Ether Rallies to 8-Month High, Gains Ground Against Bitcoin
“ETH looks to regain ground against BTC as part of a broader capital rotation play,” one observer said.
South Korean Traders Are Jumping on SXP, ICX Tokens
Trading volumes and prices for the two tokens have surged in the past few days on local exchanges.
Bitcoin Volatility Index’s Correlation With Price Flips Positive, Boosts Appeal of Bullish Call Options
It pays to be a call option holder when the implied volatility is rising along with the underlying asset’s price, crypto observers told CoinDesk.
U.S. Banking System Turmoil Has Spurred Bitcoin Outperformance: Coinbase
The cryptocurrency’s correlation to the S&P 500 stock index dropped to 25% at the end of March, the report said.
Crypto Market March Roundup: Bitcoin Rises Amid Banking Uncertainties, Macro Headwinds
Mask Network’s MASK token surged over 68%, becoming the top-performing token for the month. XRP rose 41%.
TUSD Stablecoin Daily Trading Volume Surpasses $1B After Binance Boost
The surge follows Binance’s decision a week ago to eliminate the zero-fee trading discount on the platform except for the BTC-TUSD pair.
Bitcoin Drops Below $28K as Options Expire, Traders Borrow WBTC From Aave
WBTC is the largest tokenized version of bitcoin and can be swapped on a 1:1 basis for BTC.
Crypto Casino Rollbit’s Token Drops 20% Amid Licensing Concerns
Rollbit says Curaçao authorities are currently engaged in an annual license review, which is why its logo is removed from the site.
First Mover Asia: Bitcoin Hovers Around $28,000
ALSO: A crypto investor, entrepreneur and market observer suggests that TradFi may be approaching a tipping point that benefits bitcoin, among other digital currencies, and could shift a large part of the crypto economy to Hong Kong.