Nasdaq's gains extend to 1%, Nvidia rises 2.54%

Ethereum spot ETF had a net inflow of $57.012 million yesterday, with none of the nine ETFs experiencing net outflows.

As of March 12, Ethereum spot ETFs recorded a total net inflow of $57.012 million on March 11, 2023, in Eastern Time, with all nine ETFs experiencing no net outflows. Among them, the Fidelity ETF had the highest net inflow at $19.1332 million, with a total net inflow of $2.333 billion. Grayscale Ethereum Mini Trust ETF followed, with a single-day net inflow of $19.0788 million and a total net inflow of $1.842 billion. Currently, the total net asset value of Ethereum spot ETFs is $11.85 billion, with a net asset ratio of 4.75%.

Bitcoin spot ETF net inflow yesterday was $115 million, with BlackRock IBIT leading the charge.

On March 11, the total net inflow of Bitcoin spot ETFs reached $115 million, continuing for 3 days of net inflow. BlackRock ETF IBIT had the highest single-day net inflow at $115 million; Fidelity ETF FBTC had a net inflow of $15.3685 million. Grayscale ETF GBTC, on the other hand, experienced a net outflow of $15.9676 million. The current total net asset value of Bitcoin spot ETFs is $90.886 billion, with a total net inflow of $55.902 billion.

Mega Financial states "Banks are more cost-effective than stablecoins," sparking controversy; experimental design is biased

Chairman Dong Rui-bin of Mega Financial Holding's experimental conclusion that bank costs are lower than stablecoins for remittances exceeding $7,000 has sparked widespread criticism in Taiwan's crypto community. Critics pointed out that the experimental design was unfair, incorporating unnecessary exchange costs, making the comparison unequal. Financial researcher Yu Zhe-an analyzed that this may reflect the influence of institutional bias on the research. For users actually using stablecoins, the advantages of banks are not as significant as the experiment suggests.

Mastercard partners with 85 crypto companies to capture the $27.6 trillion stablecoin transfer market

Mastercard launched the "Crypto Partnership Program" on March 11, collaborating with 85 digital asset and financial institutions. The goal is to meet the projected demand for stablecoin transfers reaching $27.6 trillion by 2025 and to create a Payments Industry Blockchain Alliance. By implementing a Multi-Token Network (MTN) for real-time settlement, this initiative targets cross-border payments and B2B transactions, responding to market needs with lower costs and faster speeds, thereby enhancing payment efficiency for consumers and businesses.

BlackRock CEO: The tokenization of all assets has just begun

Global digital wallets hold $4.1 trillion, with a large portion outside the United States. Fink's assessment is that tokenizing ETFs and digitizing assets, guiding novice investors entering the market through cryptocurrencies into traditional pension products, and fully tokenizing real estate, stocks, and bonds represent BNY Mellon's core opportunities over the next few decades. Currently, BNY Mellon owns the world's largest tokenized money market fund BUIDL, and its Bitcoin ETF product iBIT has surpassed $100 billion in scale, up from zero just two years ago. Fink, who once was cautious about cryptocurrencies, now openly states: "I like it very much now, but I have been growing and learning."

Goldman Sachs warns: US stocks have "extreme rebound" momentum, with hedge short positions triggering short covering rally

Goldman Sachs pointed out that hedge funds are currently maintaining long positions in U.S. stocks while building large short positions through ETFs and index futures, creating potential short covering momentum. If positive news emerges, the market could rebound quickly. However, at the same time, reduced market liquidity and high uncertainty could also intensify volatility.