TLDR: Bitcoin Reach All-time High, The BlackRock Bitcoin ETF Overtakes MicroStrategy, The SEC Delays Spot Ethereum ETFs, Arbitrum's $2.2B Token Release, Injective inEVM Goes Live & Memecoins Join The U.S. Presidential Race.

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Bitcoin Highlights of the Week

Bitcoin Reach All-time High

Will BTC sustain its momentum? Bitcoin saw a surge this week, reaching all-time highs twice, with each peak followed by swift corrections. Following the first ATH, the cryptocurrency dipped to around $59k before bouncing back and surpassing $70k on Friday.

MicroStrategy Raise $600M Through Convertible Notes

MicroStrategy is poised to raise $600 million to facilitate further Bitcoin purchases, solidifying its position as the largest corporate holder of the cryptocurrency. The funds will be acquired through senior convertible notes, which are set to mature in March 2030, unless repurchased, redeemed, or converted earlier in accordance with their terms.

The BlackRock Bitcoin ETF Overtakes MicroStrategy

BlackRock's spot Bitcoin exchange-traded fund (ETF) surpassed MicroStrategy’s Bitcoin holdings. BlackRock's IBIT currently holds 197,943 Bitcoin, valued at over $13.5B as of March 8. MicroStrategy holds 193,000 bitcoin.

Bitcoin ETFs Options Trading Delayed

The SEC delays its decision on allowing options trading for spot Bitcoin exchange-traded funds (ETFs). This move potentially impacts institutional investment in Bitcoin. The delayed decision is due April 24.

The Arizona Senate Propose to Incorporate Bitcoin ETFs Into Retirement Funds

The Arizona State Senate is presently assessing a Bitcoin ETF proposal. The proposal entertains the investment portfolios of the Arizona State Retirement System (ASRS) and the Public Safety Personnel Retirement System (PSPRS). The proposal recommends that these retirement systems consider the possible integration of Bitcoin ETFs into their investment strategies.

Ethereum Highlights of the Week

The SEC Delays Spot Ethereum ETFs

The U.S. SEC postpones its decision regarding the approval or rejection of BlackRock and Fidelity's spot Ether ETFs. This delay follows the regulator's initial postponement of the crypto ETF applications in January, which occurred shortly after approving a selection of spot Bitcoin ETFs for launch. The SEC has the option to delay its decision up to three times.

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