Tag: Coinbase Prime

On March 13, Ethereum spot ETFs recorded a net inflow of $26.6926 million, marking the fourth consecutive day of net inflows. BlackRock’s ETHA saw the largest inflow at $32.39 million, while Fidelity’s FETH experienced a net outflow of $7.86 million. The total assets under management (AUM) of Ethereum spot ETFs currently stand at approximately $12.26 billion, with cumulative net inflows nearing $11.8 billion.

The Ethereum Foundation has released its 'EF Mission Statement', explicitly defining its role as a guardian—not a ruler—dedicated to upholding Ethereum's core values of censorship resistance, open source, privacy, and security. The statement emphasizes that Ethereum must safeguard user self-sovereignty and commits to formally codifying its cultural principles in writing once the technology matures, ensuring the system remains perpetually open and free.

On March 12, Ethereum spot ETFs recorded a net inflow of $72.37 million, marking the third straight day of net inflows. Among them, Fidelity’s FETH saw a single-day net inflow exceeding $52 million, while BlackRock’s ETHA posted a net inflow of over $18 million. The total assets under management (AUM) of Ethereum spot ETFs have reached $11.862 billion, with cumulative net inflows surpassing $11.7 billion.

Bitcoin spot ETFs recorded net inflows for the fourth consecutive day, with $53.87 million in net inflows on March 12. BlackRock’s IBIT and Fidelity’s FBTC contributed $46.15 million and $15.30 million in net inflows respectively, while Grayscale’s GBTC saw a net outflow of $9.88 million. The total assets under management (AUM) of bitcoin spot ETFs currently stand at $90.47 billion, with cumulative net inflows totaling $55.96 billion.

The 20-millionth BTC has been mined, bringing the total supply closer to its hard cap of 21 million, further highlighting its scarcity. Recently, Bitcoin has rallied against the broader market trend as capital rotates from traditional safe-haven assets such as gold into digital assets. U.S. institutional investors’ active purchases—primarily via ETFs—have become the key driver. Market focus remains on Strategy’s preferred stock STRC, which continues trading at a premium; its fundraising mechanism indirectly channels substantial capital into Bitcoin, providing price support.

The funds will be used to expand AI, blockchain infrastructure, and digital consumer platform businesses. Eightco will continue holding World (WLD) and Ethereum, and remains bullish on the ERC-20 protocol. Tom Lee, Chairman of Bitmine, will join Eightco's board, and Brett Winton of ARK Invest will serve as an advisor.

BlackRock's staking-enabled Ethereum ETF (ETHB) began trading on the Nasdaq on March 12. The product holds spot Ethereum and participates in network staking, enabling investors to track ETH price movements while earning staking yields. This is BlackRock’s first crypto ETF with staking functionality, designed to combine the advantages of traditional finance with yield opportunities from crypto assets.

Blockchain developers are migrating en masse to the AI sector. Data shows weekly code commits to crypto projects have plunged 75% since early 2025, while active developers have declined by 56%. Meanwhile, overall GitHub commit volume has risen 25%, and the number of AI-related repositories has surged. Developer counts on major public blockchains—including Ethereum, Solana, Aptos, BNB Chain, Celo, and Base—have all declined significantly, with only wallet infrastructure showing marginal growth. The industry faces a structural challenge: experienced developers remain, but new entrants are rapidly leaving.

OP Labs has laid off 20% of its staff to streamline operations; its CEO stated the move is not driven by financial pressure and that the company remains well-funded. Market concerns have recently intensified following Base’s shift toward an independent tech stack, causing the OP token price to drop 37% over the past 30 days. OP Labs has unveiled a 2026 roadmap focused on enhancing performance and its ZK Proof system, and will allocate 50% of sequencer revenue toward OP token buybacks.

Bitcoin spot ETFs recorded three consecutive days of net inflows, with a $115M net inflow on March 11. BlackRock’s IBIT contributed the majority of inflows, Fidelity’s FBTC saw modest inflows, while Grayscale’s GBTC continued to experience net outflows. The total assets under management (AUM) of bitcoin spot ETFs have now surpassed $90 billion, with cumulative net inflows reaching $5.59 billion.

On March 11, U.S. Ethereum spot ETFs collectively recorded a net inflow of $57.012 million, with no outflows across all nine ETFs. Fidelity’s FETH and Grayscale’s ETH Mini Trust saw the largest single-day inflows. The total assets under management (AUM) of Ethereum spot ETFs have now surpassed $11.8 billion, with cumulative net inflows reaching approximately $11.65 billion—representing nearly 4.75% of Ethereum’s total market capitalization.

The list of the first batch of stablecoin issuer licenses in Hong Kong is expected to be announced this month, with Standard Chartered, HSBC, and OSL reportedly shortlisted. Regulators may prioritize banking institutions to ensure stability and market confidence, potentially narrowing the first batch to three entities—no Chinese institutions are reportedly included.