- DOJ Seizes $3.6 Billion: In the largest financial seizure in history, the U.S. has seized about $3.6 billion in Bitcoin stolen from Bitfinex during a 2016 hack of the Bitcoin exchange. Two people were detained earlier in the morning. Read more in Bloomberg.
- BlackRock plans to offer crypto trading: The world’s largest asset manager, BlackRock, is getting ready to offer its investors a cryptocurrency trading service. The New York-based company is planning to enter the cryptocurrency space by offering ‘client support trading and then offering their own credit facility.’ Read more in CoinDesk.
- Dog enters the metaverse: Popular meme-coin Shiba Inu will soon enter the metaverse. The developers have said the protocol would soon offer plots of virtual lands in an upcoming project. Read more in Hypebeast.
BlackRock’s BTC ETF Eats GBTC’s Lunch And Steals Its Homework
BlackRock’s spot $BTC ETF, IBIT, just casually gained a cool $788 million in a single day. 🪨
While the rest of us debated whether to splurge on $SHIB or $FLOKI, $IBIT was busy breaking records. With a casual $12.2 trillion in its war chest, the world’s heavyweight asset manager, BlackRock, has decided Bitcoin is the new black.
So. Damn. Close.
Unless you’ve been sleeping off some horrible life decisions from last night, $BTC is insanely close to reaching its prior all-time high. 🚀
It’s probable that by the time you read this, new all-time highs might already be in.
Your Litepaper Just Got Moar Ossum
That’s right. Your Litepaper is getting upgraded. 👍
You’re getting two more days of the Litepaper: Tuesday and Thursday.
Technically Speaking – March 8, 2024
I’ll keep the details short and simple here because time is running out, and if I’m not done on time for pizza night with the kids, my wife will be very mad. 🍕
I almost wrote she’d kill me, but if I did that, there’d probably be a SWAT team and an army of social workers making sure I’m ok.