CryptoPunks NFT sold for $16,42 million (ETH 4)

At the beginning of the week, bitcoin price dropped 9%, from $67 to $600. This was due to the liquidation of leveraged traders, as well as a record daily outflow from Grayscale's GBTC bitcoin spot ETF ($61 million). On Wednesday, the price of bitcoin fully recovered and returned to the $800 level after Fed Chairman Powell's press conference in which he maintained the Federal Reserve's forecast of three interest rate cuts this year. This was positively received by markets – both traditional and cryptocurrency.

Bitcoin is currently trading at $71, just 000%. from a record high of $4, which, considering the negative outflows from cash ETF funds in recent days, is a good result. Attention now turns to the bitcoin block reward halving, which is scheduled to occur on April 73, just 800 days away.

Phantom (FTM) gained 30% on news of the upcoming Sonic update

FTM, the native cryptocurrency of the Fantom network, was one of the best performers last week, gaining 30%. FTM is currently trading at $1,1285, which is its highest price since April 2022.

As reported Coindesk, Sonic's upcoming network update could have been the catalyst for the bull market. The Sonic mainnet will replace the current Opera mainnet this spring. It is expected to increase transaction throughput on the network and also introduce a new virtual machine (FVM Fantom Virtual Machine) to execute smart contracts more efficiently.

ONDO hits new all-time high following Blackrock tokenization news

ONDO gained 80% last week. and is currently at a record high of $0,9950. Launched in 2021, Ondo Finance is a DeFi protocol that aims to democratize access to institutional-grade financial products by tokenizing real-world assets. While not a direct link, the ONDO token price move follows the announcement that Blackrock will launch a tokenized fund on the Ethereum blockchain.

With Blackrock moving towards tokenization, there could be an increase in institutional investment in the tokenization of real-world assets in the near future, of which ONDO could be a major beneficiary. More on Blackrock's announcement below.

Blackrock partners with Securitize

Blackrock, the world's largest asset manager, in cooperation with Securitize, is taking further steps in the cryptocurrency space by launching a new fund tokenized on the Ethereum blockchain - BlackRock USD Institutional Digital Liquidity Fund (BUIDL).

Details about the fund were announced in a press release Securitize. BUIDL will invest 100 percent. their total assets into cash, U.S. Treasury bills and repurchase agreements, allowing investors to earn a profit while still owning the token on the blockchain. Investors will be able to transfer their tokens 24/7/365 to other pre-approved investors. Fund participants will also have flexible options, allowing them to choose how they store their tokens.

Following the launch of the IBIT bitcoin spot ETF, Blackrock CEO Larry Fink is advocating for the tokenization of real-world assets, and the announcement of the new fund is a step forward towards making this happen.

Coinbase (institutional) announced also on Wednesday on social media platform "X" that he had been selected to provide key infrastructure for the new fund. Anchorage Digital Bank, BitGo and Fireblocks were also noted in Securitize's press release as participants in the "seed ecosystem."

CryptoPunks NFT sells for $16,42 million (4 ETH)

Punk #7804, one of only nine Alien Punks from the CryptoPunks NFT collection, was released on Wednesday sold for 4 ETH ($850 million), making it CryptoPunks' second-largest sale ever. The record amount for CryptoPunk was 16,42 ETH ($8 million) for another Alien Punk #000 in 23,7.

Punk #7804 is currently the fifth most expensively purchased NFT in history. Sales record NFT still belongs to Beeple's Everydays: The First 5000 Days, which sold for $2021 million in March 69,3.