Welcome to BitPinas Key Points: easily digestible news in concise formats for easy reading. Let’s check the latest crypto news stories in the last 24 hours.

Crypto Price Update

Market News

• Bitcoin continues upward trend and has now climbed to ₱3,000,000.
• Automated Market Maker sector was the best crypto sector yesterday, led by Uniswap, which gained 37% in the last 7 days.
• BNB climbs to $400, attributed to interest in launchpad tokens. We covered the launchpad in a previous article.
• PIXEL token surges to near launchpad date prices.

Bitcoin Spot ETF

• The spot bitcoin ETFs set a new daily record for combined trading volume at $2.4 billion, surpassing the previous record set on the launch day.
• BlackRock’s spot bitcoin ETF led the activity with $1.3 billion traded, placing it among the top traded ETFs and stocks.
• This high volume suggests growing institutional interest in these new bitcoin investment vehicles.

Philippine Crypto News

• PDAX launches new Hedera campaign:

Regulation

• Hong Kong is preparing rules to stop stealthy crypto purchases.
• Fake emails shared in the Craig Wright trial.

Noteworthy

• MicroStrategy buys 3,000 more bitcoin for $155.4 million.
  • The Twitter account of MicroStrategy was also hacked, leading to $440,000 worth of crypto stolen.
• Crypto projects have received over $90 billion in total funding.

Upcoming: BitPinas Webcast

Tune in to the BitPinas webcast this Feb. 27, 8pm as we recap the crypto news of the week:

1. Solana’s search volume surges in the Philippines.
2. Bitcoin Cash adoption in Tacloban.
3. Local exchange PDAX continues listing spree, from RON to HBAR.

With weekly crypto news recap from BitPinas writer Shiela Bertillo and Trivia Q and A with Lance Domagas.

This article is published on BitPinas: Key Points | Feb. 27, 2024 | Bitcoin ETFs Breaks All Time Volume Record

Disclaimer:

• Before investing in any cryptocurrency, it is essential that you carry out your own due diligence and seek appropriate professional advice about your specific position before making any financial decisions.
• BitPinas provides content for informational purposes only and does not constitute investment advice. Your actions are solely your own responsibility. This website is not responsible for any losses you may incur, nor will it claim attribution for your gains.

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• Source: https://bitpinas.com/feature/key-points-2024-02-27/