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Crypto Price Analysis Mar-8: ETH, XRP, ADA, SOL, and BNB
Crypto Price Analysis Mar-8: ETH, XRP, ADA, SOL, and BNB

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Binance Coin.

Cryptopotato·2024/03/08 11:58
Is Bitcoin repeating its 2020 breakout? Here’s why $92.5K might be the next target
Is Bitcoin repeating its 2020 breakout? Here’s why $92.5K might be the next target

Rising Bitcoin ETF inflows and increasingly favorable technicals suggest that BTC price might rise above $90,000 in the coming weeks.

Cointelegraph·2024/03/08 08:50
Will Markets Surge With a $3 Billion Crypto Options Expiry Event?
Will Markets Surge With a $3 Billion Crypto Options Expiry Event?

Friday is crypto options contract expiry day and there is a large batch of Bitcoin and Ethereum contracts ready to go today.

Cryptopotato·2024/03/08 08:26
Optimism Foundation to sell $89 million worth of OP tokens in private sale to unknown buyer
Optimism Foundation to sell $89 million worth of OP tokens in private sale to unknown buyer

Quick Take: Optimism Foundation announced it is privately selling roughly 19.5 million governance tokens. Neither the terms of the private sale nor the identity of the buyer have been disclosed. The tokens will be subject to a lockup period of two years.

The Block·2024/03/08 06:41
AI tokens are more hype than value right now, says Coinbase analyst
AI tokens are more hype than value right now, says Coinbase analyst

While some crypto-AI tokens continue to deliver profitable trades, the long-term sustainability of the ecosystem will require more than just decentralizing AI components.

Cointelegraph·2024/03/08 06:31
Base to support EIP-4844 from day 1 following Dencun upgrade
Base to support EIP-4844 from day 1 following Dencun upgrade

Quick Take: Ethereum Layer 2 Base is expected to support the Dencun upgrade from day one, including EIP-4844, to reduce network fees. The team predicted a reduction of over ten times on the network following the upgrade.

The Block·2024/03/08 05:49
US to challenge Do Kwon’s South Korea extradition: Bloomberg
US to challenge Do Kwon’s South Korea extradition: Bloomberg

Quick Take: U.S. prosecutors will continue to seek Do Kwon’s extraditions, while legal experts reportedly expect lighter punishment in South Korea.

The Block·2024/03/08 05:43
Flash
22:53
Univest Securities, LLC announced that it has successfully completed a $8 million registered direct offering for its client Pop Culture Group Co., Ltd. (Nasdaq: CPOP).
This issuance marks a significant milestone in Pop Culture’s capital operations, providing financial support for its subsequent business expansion. As a company focused on the cultural sector, this financing will help Pop Culture consolidate its market position and could inject new momentum into its future development. Market participants are closely watching the company’s strategic moves after the financing is completed and the potential impact on its share price.
22:50
ConocoPhillips plans to sign an agreement with Syria to resume natural gas production.
According to an agreement reached with the state-owned Syrian Oil Company, ConocoPhillips will jointly develop existing gas fields and explore new reserves with Novaterra Energy. This potential deal builds upon a memorandum of understanding (MoU) signed in November 2025 and is expected to be formally signed this week. (Financial Times)
22:43
Spot HYPE ETF trading volume approaches 900 million dollars, early demand indicates institutional interest
Odaily reports that about one month after the launch of the first spot HYPE ETFs, early trading data has shown strong performance, indicating institutional investors have demand for Hyperliquid-related exposure. Currently, three issuers offer HYPE investment products through regulated broker channels, including 21Shares’ THYP, Bitwise’s BHYP, and Grayscale’s HYPG. Since their debut, the combined trading volume of these three products has approached $900 million, with net inflows reaching $153 million. However, trading activity among the products is not evenly distributed; BHYP and THYP contributed most of the trading volume, while HYPG, which launched later, is still in the process of ramping up. Unlike some tokens that mainly rely on speculative demand, HYPE’s value logic is more directly linked to Hyperliquid’s trading activity. About 97% of Hyperliquid’s trading fees go into the Assistance Fund and, through an automatic buyback mechanism, create a correlation between trading volume and token demand.
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