We compile the top news stories weekly within the crypto, blockchain, metaverse, and NFT space. The weekly wrap-up covers everything from BTC & ETH updates, recent investments, developments of exciting new projects, and other relevant topics.Here is everything you need to know for the week of February 26th to March 1st.
📈 Weekly BTC and ETH Overview
Bitcoin finally hit above $60K this week, causing analysts to suspect a probability of the coin reaching $69K in the very short term. With the halving approaching, history suggests that we are approximately halfway through the pre-halving rally and that Bitcoin is set to approach the $100K mark target. As Bitcoin surges, so does Ethereum, reaching a yearly high of $3.5.
At the time of writing, BTC is trading at $62.1K, down 1.09% in the last 24 hours. Similarly, ETH is trading at $3.4K, down 1.7% in the previous 24 hours.
🗞️ Top Market News
- Morgan Stanley is considering providing spot bitcoin ETFs to clients on its brokerage platform. Billions have been invested, but widespread adoption may depend on big RIA networks and broker-dealer platforms, such as those linked to Merrill Lynch, Morgan Stanley, Wells Fargo, and others offering bitcoin ETFs. Read more here.
- In a Series A funding round, Karak secured $48 million in funding with support from Lightspeed and other investors. The round was spearheaded by Lightspeed Venture Partners, with additional investment contributions from Mubadala Capital and existing participants such as Pantera Capital, Framework Ventures, Bain Capital Ventures, and Digital Currency Group, among others. Read more here.
🚀 New Project Developments
- Particle Network is now integrated with SatoshiVM (SAVM). Through Particle's BTC Connect, users can now seamlessly access and utilize both SAVM and BTC from a single wallet. Read more here.
- The Delegation Incentive Program has been initiated by bitsCrunch [BCUT]. Being a $BCUT token holder provides you with the chance to delegate your tokens to operators, a pivotal step in enhancing the network's security and affording you the opportunity to earn enticing rewards. Read more here.
🔍 More Featured Stories…
BlackRock is set to introduce a Bitcoin ETF in Brazil, broadening the range of cryptocurrency investment choices. Introducing this new channel facilitates a rise in Bitcoin investments via ETFs as BlackRock's product becomes accessible in the Brazilian market. Recognizing the importance of this advancement is essential for investors seeking diversification through digital assets. Read more here.
