# ⚫️Vortex EP. 26 Notes

By [零靈 0xSpiritZero](https://paragraph.com/@0xspiritzero) · 2024-03-11

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**⚫️Vortex EP. 26: CRYPTO UP even more 🆙 but SEC delaying ETH ETF?**

_Spaces held on 03/05/24 at 11pm SGT (GMT+8)_

*   [X’s Spaces Link (Click Here to listen the full episode)](https://twitter.com/i/spaces/1MYGNoOrRMwJw?s=20)
    

**Market cap: BTC: 1.3T, ETH: 456B**

**Day to Day: BTC: +3.86%, ETH: +7.4%**

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*   **$105 million worth of #Bitcoin shorts liquidated in the past 24 hours.**
    
*   **BlackRock files to purchase #Bitcoin ETFs for its Strategic Income Opportunities Fund.**
    
*   **Michael Saylor's MicroStratgey to raise $600 million to purchase more #Bitcoin.** [https://watcher.guru/news/michael-saylors-microstrategy-to-raise-600m-to-purchase-more-bitcoin](https://watcher.guru/news/michael-saylors-microstrategy-to-raise-600m-to-purchase-more-bitcoin)
    
    *   MicroStratgey issued new private offering of $600 Convertible Senior Notes (notes will be unsecured, senior obligations of MicroStrategy, will bear interest payable semi-annually in arrears on March 15 and September 15 of each year, beginning on September 15, 2024) It is not 100% using it to only buy BTC, but also for general corporate purposes \*\*Early on Monday (3/4/2024), Microstrategy’s BTC profits hit $6.5 billion.
        
*   **Wells Fargo & Bank of America's Merrill begins offering #Bitcoin ETFs to clients**
    
*   **Coinbase Crashes Following Bitcoin Pump**
    
*   **Bitcoin surpasses the Russian Ruble** to become the **_14th largest currency_** in the world.
    
*   **JPMorgan Changes Tune on Crypto as Bitcoin Surges** [https://watcher.guru/news/jpmorgan-changes-tune-on-crypto-as-bitcoin-surges](https://watcher.guru/news/jpmorgan-changes-tune-on-crypto-as-bitcoin-surges)
    
    *   “We see the higher cryptocurrency prices not only sustaining but improving” comments by JPMorgan CEO Jamie Dimon. Previously he was questioning crypto’s use cases and relevance as an asset class.
        

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*   **BAD: SEC delays BlackRock's Spot #Ethereum ETF again.** [https://www.theblock.co/post/280513/sec-delays-decision-on-blackrocks-spot-ethereum-etf-proposal-seeks-public-feedback](https://www.theblock.co/post/280513/sec-delays-decision-on-blackrocks-spot-ethereum-etf-proposal-seeks-public-feedback)
    
    *   Reason of delay: The agency asked specifically about whether Ethereum’s proof of stake mechanism raised ” unique concerns about ether’s susceptibility to fraud and manipulation.”
        
    *   This is already the 2nd delay on BlackRock's filing, they also delay the proposal from Fidelity.

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*Originally published on [零靈 0xSpiritZero](https://paragraph.com/@0xspiritzero/vortex-ep-26-notes)*