📍⬇️Here are the most prominent events related to the crypto market
📍🇺🇸BLACKROCK's Bitcoin ETF (#IBIT) Becomes the First to Reach a Total Value of $2 Billion
📍🇺🇸BlackRock's iShares Bitcoin ETF has achieved a major milestone by becoming the first of nine new Bitcoin ETFs to reach $2 billion in assets under management.
📍🇺🇸The fund added nearly 4,300 BTC on Thursday, bringing its total holdings to 49,952 BTC.
📍🇺🇸Fidelity's Wise Origin Bitcoin Fund (FBTC) is expected to be the next fund to reach $2 billion in assets under management.
📍✅ OpenSea, the NFT marketplace facing challenges after the NFT market decline, is open to acquisitions, according to CEO Devin Finzer.
📍✅Despite holding around 90% of the NFT market share at its peak, OpenSea's monthly trading volume has declined.
📍✅Rival Blur has surpassed OpenSea's daily trading volume, prompting Finzer to reiterate OpenSea's focus on user safety and brand safety.
📍🇺🇸Coinbase Rating Upgraded to “Outperform” by Oppenheimer
📍🇺🇸Oppenheimer upgraded Coinbase (COIN) to “Outperform” citing the cryptocurrency exchange’s resilience during the crypto winter, and a potential win in the SEC lawsuit. and increase trading volume.
📍🇺🇸Analyst Owen Lau points to the strength of Coinbase and the solidity of the management team, emphasizing its position amid market challenges.
📍🇺🇸 The recent approval of spot Bitcoin ETFs and Coinbase's role as a custodian for issuers further contribute to the positive outlook.
📍🇺🇸IEA predicts a 30% rise in cryptocurrency mining energy consumption by 2026
📍🇺🇸The International Energy Agency (IEA) published a report predicting a 30% increase in electricity consumption from cryptocurrency mining and artificial intelligence by 2026, reaching the level of energy use in Japan.
📍🇺🇸In 2023, Bitcoin mining consumed 120 terawatt hours, and the International Energy Agency expects that to rise to 160 terawatt hours by 2026.
📍✅Source: International Energy Agency
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