Episode Details

07th March- Crypto & Coffee at 8
🚨 ORCA vol > UNISWAP 🟠El Salvador BTC at $50M Profit 🧡Bitcoin ETFs to Retirement Portfolios 🔶 Bitcoin Ordinals flip Ethereum 🟢 Ethereum and Solana Staking ETP

- Check out Blockchain DXBs Crypto & Coffee at 8 for commentary on macro level news and see slides 1 & 2 below for a global snapshot of the crypto market such as #stablecoins #Defi #trading vol.

- El Salvador
🧡 Since becoming legal tender in El Salvador in 2022, Bitcoin’s value has surged, transforming the country’s holdings. President Nayib Bukele’s initiative to buy 1 BTC daily has resulted in the accumulation of around 2,380 BTC, valued at approximately $158.5 million. With Bitcoin reaching a new all-time high on March 5, the value of El Salvador’s holdings soared to $164.7 million, exceeding its initial investment by 53%. The average purchase price per BTC was $44,300.

❗ El Salvador remains a lone wolf among nation-states by adopting a “Bitcoin standard.” info Cointelegraph here https://lnkd.in/eFScui5y

🟠 The Arizona State Senate is reviewing a proposal to promote the inclusion of Bitcoin exchange-traded funds (ETFs) in two state retirement portfolios. After passing the Senate’s Third Reading with a 16–13 vote on Feb. 22, the resolution is under House review. If approved, the proposal would encourage the Arizona State Retirement System (ASRS) and the Public Safety Personnel Retirement System (PSPRS) to explore incorporating Bitcoin ETF exposure in their investment portfolios.
The Bitcoin retirement resolutions were first introduced and read by tSenate on Jan. 30, 2024. Official info here https://lnkd.in/ev4w_gYm

💡 Bitcoin Ordinals-based NFT collections surpassed Ethereum NFTs in weekly sales after a spike in volume led by the collection called NodeMonkes. The sales of Bitcoin NFTs recorded $169.5 million in volume, representing an increase of 80% week-over-week. Ethereum, the top blockchain in all-time NFT sales, had $162 million in the same week.
- Uncategorized Ordinals — NFTs that are not part of any collections — had the most sales, with $43 million in volume across 47,000 transactions. The NodeMonkes collection followed in second place, with $41 million in sales volume. info via Cointelegraph here https://lnkd.in/e42Wns8V

🟢 Figment Europe and Apex Group Ltd will launch Ethereum and Solana staking exchange-traded products (ETPs) on the SIX Swiss Exchange. The ETPs aim to provide institutions with convenient access to staking rewards through traditio