Weekly Crypto Market News / 13 – 19 March
- Institutions give up Bitcoin. For the last week, crypto funds recorded the sixth week of funds outflow, which amounted to $94,7 million. It’s supposed that the institutions were taking money from BTC during its growth of 30 percent per week because they had liquidity issues because of the bank crisis. It sounds logical, but who has sent $34,7 in the fund for the short of BTC?
Read more: Digital Asset Fund Flows Weekly Report
- ETH developers processed the final testing of the Shanghai upgrade.
Read more: The Ethereum Goerli testnet activated the Shapella upgrade at 6:26…
- Fidelity Crypto offered deposits in BTC and ETH for 37 diverse clients. Millions of users can now trade bitcoin and ether commission-free on the platform. The app was previously restricted to a waitlist, with users given access on a rolling basis. Fidelity Crypto is open to new and existing customers — first-time customers must create a Fidelity Brokerage account during the setup process. The service is not available in all states.
Read more: Fidelity Crypto quietly went live, giving millions of retail customers access to bitcoin, ether
- The Police of Germany closed Bitcoin-mixer ChipMixer and confiscated 1 909 BTC.
German and US authorities, supported by Europol, have targeted ChipMixer, a cryptocurrency mixer well-known in the cybercriminal underworld. Belgium, Poland, and Switzerland also supported the investigation. On 15 March, national authorities took down the platform’s infrastructure for its alleged involvement in money laundering activities and seized four servers, about 1909.4 Bitcoins in 55 transactions (approx. EUR 44.2 million), and 7 TB of data.
Read more: German and US authorities, supported by Europol, have targeted ChipMixer, a cryptocurrency mixer well-known in the cybercriminal underworld.
- The Ark Invest Fond of Cathie Wood attracted $16,3 million for deposits in crypto funds.
Read more: Notice of Exempt Offering of Securities
- Sam Bankman-Fried demands FTX pay for the lawyers’ accounts. He is used to customers of the exchange paying for all.
Former FTX CEO Sam Bankman-Fried wants to use the crypto exchange’s director and officer liability insurance to pay his legal bills, his lawyers said in a court filing on Wednesday.
If the court approves Bankman-Fried’s request, it would effectively put the former billionaire at the front of the line for an FTX payout — ahead of the FTX creditors, a move that his company’s new leadership has so far resisted.
Read more: Sam Bankman-Fried wants FTX to prioritize covering his legal bills