TLDR CRYPTO 2024-02-29

MORGAN STANLEY EVALUATING SPOT BITCOIN ETFS FOR ITS GIANT BROKERAGE PLATFORM

Morgan Stanley might become the next major institution to offer spot bitcoin ETF products. Recognizing the potential benefits of including cryptocurrency-based products in investors' portfolios, Morgan Stanley's move follows the SEC's approval of spot bitcoin ETFs in January and the overwhelming demand for those products since they rolled out. The entry of large broker-dealer platforms into this investment space could significantly accelerate inflows into these newly introduced products.

COINBASE USERS SEE $0 BALANCE AFTER CRYPTO-TRADING APP SUFFERS GLITCH

Coinbase experienced a technical glitch that caused users' account balances to display as zero as Bitcoin surpassed $60k yesterday. This malfunction coincided with a sudden drop in prices across the space that resulted in over $1.7 billion in liquidations. Coinbase quickly acknowledged the issue and assured its users that their assets were safe and deployed fixes over the next few hours. Coinbase CEO Brian Armstrong said that the level of traffic it experienced yesterday well exceeded the 10x surges in traffic the company had modeled for, leading to the issues users experienced.

MARATHON DIGITAL UNVEILS PLATFORM FOR DEVELOPING BITCOIN SIDECHAINS

Marathon Digital, the largest publicly traded bitcoin miner, is expanding its services by launching a programmable application layer called Anduro. This layer is being developed to assist in the creation of sidechains. Marathon has already launched two sidechains, Coordinate and Alys, to generate additional revenue streams and inspire innovation on the platform. Alys focuses on trading tokenized real-world assets and is Ethereum compatible, while Coordinate is aimed at supporting the Ordinals community.

FROG: A *FRAME*WORK FOR FARCASTER

Frog is a toolkit from Paradigm and Wevm that assists developers in building Frames for Farcaster applications. Frames turn Farcaster posts into interactive elements, transforming static content into dynamic experiences. Frog provides a streamlined process for creating lightweight, high-quality frames. With a built-in debugger and vendor-free deployment, Frog aims to lower development hurdles, sharpen the developer experience, and optimize user engagement. Its team plans to introduce a Transactions feature and audit tools shortly.

TAKING PROFIT IN A BULL RUN

It is important to take profits during bull runs. When deciding whether to take profits, consider your financial situation, the market conditions, and your individual portfolio/trading style. For perps, consider funding rates and the timing of the last correction. For spot positions, take into account plans for the position, the expectation of price dips, and the emotional impact of seeing unrealized profits decrease.

4 PHASES OF A BULL MARKET

The four stages of a bull market are: 'Rebirth,' where investors begin to see a positive price trend; 'Excitement,' when all coins are back to or surpassing all-time highs; 'Euphoria,' which is a period of intense activity and mainstream interest; and 'Disconnection' (or 'Insanity'), which is marked by unsustainable growth and irrational decisions.

DON'T BE AFRAID TO DREAM A LITTLE BIGGER

We may be earlier in the cycle than some think. This post provides some background on the brutal bear market the space just went through and the historical context of crypto cycles in general. Crypto participants are getting a little anxious as Bitcoin nears all-time highs. However, this cycle is much closer to the beginning than the end and could be much bigger than people are anticipating.

BITCOIN ETFS HIT VOLUME RECORD OF $7.6B

The recently launched US Bitcoin ETFs have been breaking records day after day, with their trading volume reaching $7.6 billion as of Wednesday's market close. BlackRock's IBIT, Fidelity's FBTC, and Grayscale's GBTC have been the top products chosen by investors. This surge in activity and demand has propelled Bitcoin towards record highs, sparking additional waves of interest.

BLACKROCK ANALYST RECOMMENDING 28% ALLOCATION TO BITCOIN

At a private Bitcoin event hosted by BlackRock, one of the firm’s quantitative analysts gave a presentation and suggested that a 28% allocation to Bitcoin would not be ‘unreasonable’ for a conservative investor.

FTX FOUNDER SBF ASKS FOR A 6.5-YEAR SENTENCE, TELLS PRISON GUARDS TO INVEST IN SOLANA

Sam Bankman-Fried is reportedly seeking a 6.5-year sentence. Both his parents and his cellmate claim they are worried about his safety. He is apparently advising prison guards and urging them to invest in Solana.

TELEGRAM INTRODUCES AD REVENUE SHARING WITH 50:50 SPLIT USING ONLY TONCOIN IN NEARLY 100 COUNTRIES

Telegram launched a 50:50 ad revenue sharing system for channel owners in nearly 100 countries that exclusively uses toncoin on the TON blockchain.

GEMINI REACHES SETTLEMENT AND WILL RETURN ASSETS IN KIND TO CUSTOMERS

Gemini has announced a settlement in the Genesis Bankruptcy, promising Earn users a 100% return of their digital assets in-kind - if you had 1 bitcoin on the platform, you will be receiving that bitcoin back in kind instead of the ~$20k cash (the value at the time of bankruptcy) most were expecting.

YOUR REFERRAL LINK - https://tldr.tech/crypto?ref=2613930