Crypto ANIVERSE Crypto Daily News_March 18, 2024

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Published in
2 min readMar 18, 2024

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Monday, March 18, 2024
ANIVERSE Crypto Daily News💌

1. Indian Finance Minister: crypto isn’t currency, G20 must regulate
- Indian Finance Minister Nirmala Sitharaman has taken a firm stance on Bitcoin (BTC) and other digital assets, emphasizing that they cannot be considered currencies.

2. Solana surpasses Ethereum L2 solutions
- Solana has outperformed Ethereum and other Ethereum Virtual Machine (EVM)-based Layer-2 solutions in terms of 24-hour transaction volume, reaching a total of $3.654 billion against Ethereum’s $2.397 billion.

3. China’s crypto investors triumph despite restrictions
- In 2023, investors in China’s cryptocurrency market saw impressive gains, accumulating approximately $1.15 billion, placing them fourth globally, trailing behind the U.S., the United Kingdom, and Vietnam.

4. GOPAX risks falling out of Korea’s top 5 crypto exchanges
- GOPAX is on the verge of dropping out of Korea’s top 5 crypto exchanges, due to a significant increase in its debt, fueled by the recent surge in the value of major virtual assets that were deposited by investors in the past.

5. Binance extends cliff period for token listings to bolster regulatory compliance
- The period refers to a timeframe during which a portion of the total coin supply is locked within a smart contract. The move is seen as an effort to bolster investor protection on the platform by filtering the tokens listed.

6. JPMorgan: Bitcoin outpaces gold in investor portfolios
- In a recent analysis by JPMorgan, Bitcoin has surpassed gold in terms of investor portfolio allocation when adjusted for volatility. Bitcoin’s (BTC) allocation is 3.7 times greater than that of gold, attributing this shift to the significant inflows into spot Bitcoin ETFs.

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