We compile weekly news stories from the crypto, blockchain, metaverse, and NFT space. The weekly wrap-up covers everything from BTC and ETH updates to recent investments, exciting new project developments, and other relevant topics.
Here is everything you need to know for the week of March 11th to 15th
📈 Weekly BTC and ETH Overview
Bitcoin's price has climbed in the past weeks, breaking through an all-time high, trading above $70K. Analysts and investors are looking at trends to see if there is a likely correction before the rally or if the price will spike above $75K before the halving. Ethereum has also seen bullish movement, reaching $4K earlier this week. Nevertheless, if ETH doesn’t break the $4K resistance level, analysts predict the price could drop to $3.3K. Today (Friday, March 15th), as with the weekends, we see a dip in the market, with both major cryptocurrencies trading in the red.
At the time of writing, BTC is trading at $67.7K, down 6.8% in the last 24 hours. Similarly, ETH is trading at $3.6K, up 5.9% in the previous 24 hours.
🗞️ Top Market News
- Global crypto investment products' total assets under management (AUM) have surpassed $100 billion for the first time. According to CoinShares, crypto investment products at asset managers such as BlackRock, Fidelity, and Proshares have exceeded $100 billion, with record inflows over the past weeks. Read more here
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🚀 New Project Developments
- Aark has revealed the specifics of Phase 2 of the Moon Festival. Phase 2, offering 10M esAARK rewards, will commence on March 18th. Eligibility requires users to have traded on the following exchanges: GMX, Gains Network, Kwenta, and MUX. Read more here
- Hatom has joined forces with xExchange in anticipation of the upcoming launch of Booster V2. This partnership enables LP creation, farming, and meta-staking in Booster V2 and introduces features like Optimized Position Boosting, Gas Fee Reduction, Governance Integration, and more. Read more here.
- Partisia Blockchain has unveiled a collaboration with Unmarshal. Partisia Blockchain collaborates with Unmarshal, a multi-chain DeFi indexer network, to offer developers advanced infrastructure solutions. Additionally, Partisia has launched an airdrop program, distributing 25M $MPC tokens (2.5% of total supply) to grow the ecosystem. Read more here
🔍 More Featured Stories…
- Sharpe AI becomes part of the Google AI Startup Program. Sharpe AI ($SAI) joins Google's startup program to enhance its crypto-related AI models. This collaboration integrates Google's advanced AI to improve SharpeGPT's performance. Read more here.
