Mighty March!
It's BULL market.? The year has continued on a high note - with institutions displaying a keen interest in digital assets and making bold moves in regulatory developments, to Bitcoin and Ethereum surpassing the market cap of silver. The developments are set to continue as market optimism increases in the lead-up to the most anticipated event of the year - the Bitcoin Halving. With Bitcoin already reaching a new high of $73,835.57 this month, we expect the Halving to deliver unprecedented price surges. We’re talking more about crypto trading in this week's BlockBites so keep scrolling to check it out!
As always, we bring you the biggest news developments, must-attend conferences, exciting updates from some of our clients, and bull market trends to look out for.?
So, let’s check out our:
The most important headlines and industry updates.?
Bitcoin Heading to the Moon
Bitcoin hit a milestone this month - $73.8k, surpassing its previous all-time highs and setting a new record. The market has experienced significant growth, marked by investments from major industry players and an increased demand through exchange-traded funds (ETFs). Bitcoin ETFs have soared to $6.7? billion since the SEC gave approval for 11 ETFs at the beginning of the year. On average, the Bitcoin ETFs are attracting a daily inflow of approximately $332 million. There is optimism in the market with solid inflows, showcasing strong bullish sentiment from both institutional and retail investors. The positive trend also extends beyond Bitcoin to the broader crypto market, where Ethereum has reached $4,035, marking its highest price since April 2022.?
The SEC Battles Continue?
The SEC has delayed its decision to approve Grayscale's Ethereum Futures Trust ETF product until the end of May. The deadline was extended in a filing published on March 22nd, which stated that the SEC would need more time to evaluate whether or not to approve the ETF that would focus on investing in Ether futures contracts. The SEC has increased efforts to classify Ethereum as a security and has issued subpoenas to companies involved with the Ethereum Foundation. This could add further complications to the approval process for Ether ETFs. In addtion, the SEC has recently filed lawsuits against three major crypto exchanges - Ripple, Coinbase, and Kraken. One common element across all three - the SEC has not provided a clear definition of what constitutes a crypto security. The recent approval of spot Bitcoin ETFs on January 10th has led to increased skepticism among crypto industry commentators regarding whether the SEC will take a tougher stance on crypto-based ETFs with many feeling that these cases highlight the need for a regulatory framework to limit the SEC's authority.
It’s Memecoin Season!?
The memecoin market has been getting increased attention from traders. The current price tracking platform CoinGecko data states that memecoins have soared by 37% in the last few days. With the current market capitalization of over $61.3 billion, the meme coin space has seen a large turnaround surpassing the NFTs and DeFi sectors of crypto. Dogecoin, Pepe, Pork, Shiba Inu, BONK and dogwifhat - $wif have emerged as the biggest gainers. Additionally, memecoins built on Solana and Base seem to be trending and gaining extra hype. The Solana ecosystem has seen a threefold increase, over the past year, with its active users currently standing at 3.2 million monthly active users. BONK, one of the coins built on Solana and Dogwifhat which emerged only three months ago, both have witnessed a market capitalization of $2 billion each. This surge can be attributed to Solana's lower transaction fees than Ethereum's, which makes it attractive for traders and developers.?
Presidential Memecoins?
In a perhaps unexpected turn, we’re seeing presidential-themed memecoins in the run-up to the 2024 U.S. election. There is a vast PoliFi impact on meme coins, with Donald Trump-themed MAGA coin that has a market capitalization surpassing the $500 million mark. Conversely, a token based on U.S. President Joe Biden has seen a rise in daily volume to over $23 million, according to CoinMarketCap. This crypto competition between the two most powerful presidential candidates is definitely worth watching!
March Conferences
Digital Asset Summit 2024 - London, UK
March 18 - 20
Digital Asset Summit 2024 brought insightful expert-led panel discussions and engaging fireside chats to attendees. The two-day summit shared the latest developments in the crypto and digital asset regulatory landscape directly from policymakers and industry experts.?
We were excited to participate as a sponsor and it was great meeting so many of you at the Digital Asset Summit 2024!
WOW Summit Hongkong - Hongkong
March 26 - 27
WOW Summit Hong Kong 2024 delivered 2 days of innovative concepts and new ideas. This edition builds upon the success of previous WOW Summits held in Dubai, Hong Kong, and Lisbon. The two-day event provided an exclusive platform for networking, insightful discussions, exploring lucrative business prospects, and creating lasting memories.?
We were thrilled to attend the event as media partners and amplify the conversations and latest developments announced at the summit.?
April Conferences
NFT.NYC 2024 - NewYork, USA
April 3 - 5
Since 2018, NFT.NYC has dedicated itself to amplifying the voices within the growing NFT community. In the past, 16,000+ attendees from over 70 countries attended the event. It brings the most passionate speakers from the NFT community on stage. The event has been backed by the most contemporary and ingenious brands and projects in the NFT ecosystem. Major NFT projects were discovered early at NFT.NYC
Paris Blockchain Week - Paris, France
April 9 - 11
Paris Blockchain Week hosts exhibitions, keynote speeches, workshops, networking events, exquisite dinners, and parties. These opportunities are thoughtfully curated to foster the exchange of ideas, facilitate learning, and provide a platform for establishing enduring connections with esteemed industry leaders and passionate crypto enthusiasts from across the globe.?
We are excited to be a media partner of Paris Blockchain Week and also have a booth. So, if you are in town, do come and meet us. Don't miss it!
Blockchain Life 2024 - Dubai, UAE
April 15 - 16
Blockchain Life 2024 is a distinguished event known for the innovation and influence that have emerged within the blockchain sphere. The event brings together industry titans, government officials, investment leaders, promising startups, and prominent Crypto Whales. The event promises a wealth of opportunities where you get to exchange ideas, showcase cutting-edge projects and technologies, and delve into trading and investment strategies.?
领英推荐
We’re proud to be media partners at Blockchain Life 2024, where Nikita Sachdev will be moderating a session. Additionally, we will be having our exclusive booth at the event. So, don't miss out on the chance to gain firsthand knowledge of the latest trends and strategies shaping the industry's future.?
TOKEN2049 - Dubai, UAE?
April 18 - 19?
TOKEN2049 is a global conference series that connects decision-makers in the crypto ecosystem. The event brings together 10,000 attendees from over 5000 companies and 100+ countries. It offers opportunities for meetups, workshops, and networking for entrepreneurs, institutions, industry insiders, investors, builders, and those with a strong interest in the crypto and blockchain industry.?
We are excited to announce that we will have a booth at the event, so come and meet us! That’s not all, we are also offering an exclusive 10% discount code on tickets using this link.
Client Spotlight
Oobit Secures $25 million Series A Funding
We are thrilled to share a major milestone for one of our clients, Oobit. The tap-and-pay crypto payment solution has successfully concluded a U.S. $25 million Series A funding round led by Tether, CMCC Global's Titan Fund, 468 Capital.
Fando by The Binary Holdings partners with Indosat?
We are proud to share another news of our client, The Binary Holdings - Fando, making a landmark partnership. Fando is a blockchain-based fan engagement platform integrated with Indosat. The partnership marks a significant leap in enhancing customer experience with over 10 million videos, photos, and messages from over 1500 sports and athlete fan clubs. Also, customers can earn redeemable loyalty points across various categories - from gadgets to merchandise, without any subscription or pay-per-use charges. Since the integration, Fando has witnessed an extraordinary 850% growth in its user base and an 11% increase in user engagement time.
Its a Hat Trick for Luna PR Clients at the Entrepreneur Middle East Awards?
We're delighted to share the news that not one, not two but three of our clients were awarded at the Entrepreneur Middle East E-Business Awards! The glamorous event was held at the Habtoor Palace and celebrated the best of the best in the Middle East. Congratulations to Phoenix Group who were awarded Bitcoin Mining Company of the Year, Lyvely who won Social Platform of the Year, and Bundeep Singh Rangar of Fineqia who took home E-business Leader of the Year.?
Essential Luna PR Updates
When it Rains it Pours: We’re Honored to Win Three Awards in One Week!
We are thrilled to announce that we have been awarded the title of "Web3 Consultant Of The Year" at the E-Business Award 2024 by Entrepreneur Middle East. Our CEO and founder, Nikita Sachdev, has also been recognized for her contributions to the industry at various empowering events. She was honored with the titles of 'Most Influential Women in Crypto & Blockchain' and 'Women Leader in Media Excellence' at Filmfare Middle East and the 23rd Middle East Women Leaders Excellence Awards, respectively. These awards are a testament to the hard work and dedication of each member of our team. This recognition inspires us to continue improving and advancing towards our goal of becoming one of the most reputable web3 and emerging tech PR agencies globally.?
A Very Special Panel Address at the House of Lords
Our founder and CEO, Nikita (Sachdev) Lord , was invited to the prestigious House of Lords in the UK to speak alongside other industry leaders. The event, hosted by Baroness Manzila Uddin and tech VC Balbir Judge, highlighted how countries are embracing digital assets and tokenization, with a focus on regulatory challenges. The UK is seeing a flurry of activity around crypto securities, with the FCA recently softening its stand on allowing crypto-related securities.?
Nikita spoke of applications of tokenizing assets in areas such as healthcare records. “One of the biggest problems, especially in developing economies is the lack of a secure, reliable repository of digital medical records. Building tokenized solutions on the blockchain will enable hospitals, for example, to ensure that birth certificates and other medical records are secure and exist even in cases of natural disasters of strife.”
We are proud that Nikita and Luna PR are leading the way in driving change as countries embrace digital assets.?
Get Ready For a Chukka Good Time at the Crypto Polo Cup?
In just 20 days, the Crypto Polo Cup will make its debut in Dubai. On April 20th the polo event of the year will bring the sport of kings to the industry's biggest names for an afternoon of networking like no other.?
Both sponsorships and tables have garnered significant interest. If you want to be part of this afternoon of top-tier networking and forging partnerships, don't hesitate to join us. It's an excellent opportunity to connect with industry leaders and enjoy a memorable experience.
For more information or to purchase tickets, visit https://www.cryptopolocup.com/
To express interest in sponsorship opportunities, please email [email protected].??
BlockBites is Back! Memecoin Edition
With the crypto traders in the know going crazy for memecoins, we knew we had to feature them in the latest edition of BlockBites!?