TL;DR: Ethereum Dencun upgrade completes; Vitalik Buterin eyes Walker tree milestone; VanEck's Bitcoin ETF sees $119M inflow; Grayscale reduces Bitcoin holdings; MicroStrategy seeks $500M for more Bitcoin; EU approves crypto sanction rules; U.S. judge rejects Gemini and Genesis motion; Thailand exempts crypto earnings from income tax; El Salvador's Bitcoin treasury profits reach $85M; Hivemind Capital launches $50M NFT fund.

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Alpha of the Day

Ethereum Dencun Upgrade Successfully Completed

The Ethereum Dencun upgrade has been successfully implemented on the mainnet, bringing improvements and optimizations to the network. This upgrade marks a significant milestone in Ethereum's ongoing development and scalability efforts.

Vitalik Buterin Eyes Walker Tree Milestone and Historical Data Transition

Vitalik Buterin, Ethereum's co-founder, highlights the potential milestone of implementing the Walker tree and transitioning historical data. These developments aim to enhance Ethereum's efficiency, security, and ability to handle historical data queries.

VanEck's Bitcoin ETF Sees Record $119M Inflow After Fee Reduction

VanEck's spot Bitcoin ETF experiences a record inflow of $119 million following a fee reduction, indicating growing investor interest in Bitcoin exposure through exchange-traded products. This influx of funds reflects the market's appetite for regulated Bitcoin investment options.

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Grayscale and BlackRock Adjust Bitcoin Holdings

Grayscale reduces its holdings of 6,876 Bitcoin on March 13th, while BlackRock increases its Bitcoin holdings by 11,871 Bitcoin. These moves by major institutional players indicate shifting sentiments and strategies within the cryptocurrency market.

MicroStrategy Seeks Additional Bitcoin Investment via $500M Bond Issuance

MicroStrategy announces plans to purchase more Bitcoin through the issuance of $500 million in convertible bonds, reaffirming its commitment to Bitcoin accumulation as a corporate treasury strategy. This move reflects continued institutional interest in Bitcoin as a long-term store of value.

EU Approves New Sanction Rules for Freezing Crypto

The European Union approves new sanction rules enabling authorities to freeze cryptocurrency assets, strengthening regulatory oversight and enforcement measures against illicit activities involving digital currencies. This regulatory development aims to combat money laundering and terrorist financing within the EU.

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U.S. Judge Rejects Gemini and Genesis Motion in SEC Lawsuit

A U.S. judge denies the motion filed by Gemini and Genesis to dismiss the SEC lawsuit related to Gemini Earn, signaling ongoing legal scrutiny over cryptocurrency lending platforms and their compliance with securities regulations. This decision highlights the regulatory challenges facing crypto businesses operating in the United States.

Thailand Grants Income Tax Exemption for Crypto Earnings

Thailand approves income tax exemption for earnings from cryptocurrency trading, providing clarity and incentives for crypto investors and traders in the country. This regulatory move aims to stimulate growth and innovation within Thailand's crypto ecosystem.

El Salvador's Bitcoin Treasury Reports $85M in Profit

El Salvador's Bitcoin treasury records a profit of $85 million, showcasing the success of the country's Bitcoin adoption strategy and its potential economic benefits. This profit underscores the potential for sovereign nations to embrace Bitcoin as a reserve asset.

Hivemind Capital Launches $50M NFT Fund

Hivemind Capital introduces the "Hivemind Digital Culture Fund," aiming to raise $50 million to invest in the non-fungible token (NFT) space. This initiative reflects growing interest and investment opportunities in digital collectibles and blockchain-based cultural assets.

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