Episode Details

19th March- Crypto & Coffee at 8 
🔴 USDT — Delisted on OKX (EU) 🔻Grayscale’s GBTC sheds $642M in 24hrs🔻#BTC Flash Crash to $8.9K on BitMEX 🐶 Aichi Sells for $4.3 Million

🔴 OKX, has delisted Tether.to’s USDT stablecoin for users in the European Union and the European Economic Area (EEA). This move aligns with upcoming EU regulations requiring stablecoin issuers to be licensed electronic money institutions. OKX cited regulatory compliance and security concerns for the decision but emphasized a focus on expanding euro-denominated liquidity. Despite the delisting, EEA-based users can still deposit, withdraw, and trade USDT through over-the-counter (OTC) channels. Tether.to has not commented on the situation yet.

🔻 Grayscale Investments’s spot Bitcoin ETF experienced its largest outflow since its conversion on January 11, with over $640 million worth of Bitcoin exiting the fund on March 18. Fidelity’s Bitcoin ETF also saw reduced inflows, leading to a net outflow of $154.3 million for spot Bitcoin ETFs. Despite the recent outflows, analysts remain optimistic about the future of Bitcoin ETF flows, citing potential increases in investor interest. While some attribute Bitcoin’s recent price decline to slowing ETF flows, others point to factors such as the upcoming halving event and the Federal Reserve’s FOMC meeting. However, commentators highlight the remaining Bitcoin holdings in GBTC as a reason for long-term bullishness regarding ETF flows. Info via Farside Investors https://lnkd.in/dPJh43Ty

😱 Bitcoin experienced a flash crash on BitMEX late Monday, dropping to as low as $8,900 due to large sell orders totaling $55.49 million. The crash was short-lived, lasting only a few minutes before rebounding to $67,000. BitMEX is investigating the cause of the sudden sell-off. Despite the crash on BitMEX, the global average price of Bitcoin remained relatively stable around $67,400. BitMEX is investigating unusual activity on its BTC-USDT Spot Market involving large sell orders. However, they assure users that their derivative markets and funds are unaffected, and the platform is operating normally. nfo via CoinDesk here https://lnkd.in/dEd5S_cR

🐶 Aichi — Dogwiththat
🟢 A South Korean couple, owners of the Shiba Inu featured in the Dogwifhat meme, earned $4.1 million from the sale of an Ethereum NFT of the meme. The NFT sold for $4.3 million worth of ETH, making it the most expensive meme NFT ever sold, narrowly surpassing the previous record held by the original Doge NFT. The auction, held on the NFT marketplace, Foundation platform, saw a bidding war between GCR, a prominent crypto trader, and Memeland, an NFT venture collective associated with 9GAG. Crypto tader GCR ultimately secured the NFT with a final bid exceeding $4.3 million. Via Twitter https://lnkd.in/diTvYKW7