Crypto Bytes: Top 10 Breaking News from Cryptoverse 

  • This past week, daily outflows from spot bitcoin ETFs outpaced inflows, with record-low inflows for Fidelity’s FBTC and BlackRock’s IBIT. Grayscale’s GBTC also had record-breaking one-day withdrawals.
  • On March 23, there was an outage on the Polygon zkEVM Ethereum Layer 2 blockchain, which prevented new blocks from being sequenced for more than ten hours. The Polygon zkEVM team intends to publish a post-mortem after formally acknowledging the incident.
  • PM of Iceland expressed a wish to limit cryptocurrency mining in the nation—which consumes more electricity than homes do—in a recent interview. Meanwhile, foreign purchasers with access to inexpensive electricity are snatching up American miners of older model for Bitcoin.
  • Bitcoin is dubbed a “Financial Super Highway” by Cathie Wood. Maintains $1.5M as the Price Target!
  • Compared to bitcoin (BTC), the asset management behemoth BlackRock’s clients are “a little bit” interested in Ethereum, according to Robert Mitchnick, head of digital assets.
  • Thousands of old Bitcoin mining equipment in the United States are being ready to be shipped overseas in advance of the next BitcoinHalving event.
  • A technical issue impacting certain Automated Market Maker (AMM) pools on the XRP Ledger (XRPL) has been identified by RippleX.
  • We’ve identified a discrepancy in a few AMM pools, in which transactions are not executing as intended. Our engineering team is working to resolve the issue alongside community participants. Out of an abundance of caution, it’s best not to deposit new funds into AMM pools for…
  • The EU has established a new set of anti-money laundering regulations that prohibit crypto asset service providers from maintaining and guarding anonymous cryptocurrency accounts.
  • Friday’s U.S. session saw an early decline in Bitcoin below $67,000 as part of a larger sell-off in cryptocurrencies. Galaxy CEO Mike Novogratz stated at the Bitcoin Investor Day conference that “it will take some time” for bitcoin to rebound to $73,000.
  • Entrepreneur Emin Gün Sirer of Ava Labs cautioned that there are enough of trash L2s to cover the gap created by SBF.

Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.

Author: Mehar Nayar

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