{"id":4024,"date":"2021-02-23T07:40:33","date_gmt":"2021-02-23T06:40:33","guid":{"rendered":"https:\/\/satt-token.com\/blog\/?p=4024"},"modified":"2022-03-15T11:13:17","modified_gmt":"2022-03-15T10:13:17","slug":"crypto-highlights-week-8-bitcoin-market-value-tops-1t-as-price-passes-53697","status":"publish","type":"post","link":"https:\/\/satt-token.com\/blog\/archives\/4024","title":{"rendered":"Crypto Highlights Week #8 \u2013 Bitcoin Market Value Tops $1T as Price Passes $53,697"},"content":{"rendered":"<p><b><i>Crypto Highlights: <\/i><\/b><i>Bitcoin hits 1T market cap, BSC sees high transaction volume, ETH CME futures hit record highs, SaTT integrates Binance Bridge: These and more in this week\u2019s Crypto Highlights<\/i><b><i>.&nbsp;&nbsp;<\/i><\/b><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_32 counter-hierarchy counter-decimal ez-toc-grey\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table des mati\u00e8res<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" style=\"display: none;\"><label for=\"item\" aria-label=\"Table des mati\u00e8res\"><i class=\"ez-toc-glyphicon ez-toc-icon-toggle\"><\/i><\/label><input type=\"checkbox\" id=\"item\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1'><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/satt-token.com\/blog\/archives\/4024\/#Top_Headlines_for_the_Week\" title=\"Top Headlines for the Week\">Top Headlines for the Week<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/satt-token.com\/blog\/archives\/4024\/#Top_Stories_Of_The_Week\" title=\"Top Stories Of The Week\">Top Stories Of The Week<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/satt-token.com\/blog\/archives\/4024\/#Binance_Coin_sets_new_all-time_high_amid_skyrocketing_activity_on_BSC\" title=\"Binance Coin sets new all-time high amid skyrocketing activity on BSC\">Binance Coin sets new all-time high amid skyrocketing activity on BSC<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/satt-token.com\/blog\/archives\/4024\/#Nigeria_and_South_East_Asia_led_global_crypto_adoption_in_2020\" title=\"Nigeria and South East Asia led global crypto adoption in 2020&nbsp;\">Nigeria and South East Asia led global crypto adoption in 2020&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/satt-token.com\/blog\/archives\/4024\/#Survey_finds_5_of_corporate_CFOs_plan_to_buy_Bitcoin_in_2021\" title=\"Survey finds 5% of corporate CFOs plan to buy Bitcoin in 2021\">Survey finds 5% of corporate CFOs plan to buy Bitcoin in 2021<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/satt-token.com\/blog\/archives\/4024\/#This_Weeks_Market_Sentiment\" title=\"This Week\u2019s Market Sentiment\">This Week\u2019s Market Sentiment<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/satt-token.com\/blog\/archives\/4024\/#Bitcoin_Market_Value_Tops_1T_as_Price_Passes_53697\" title=\"Bitcoin Market Value Tops $1T as Price Passes $53,697\">Bitcoin Market Value Tops $1T as Price Passes $53,697<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/satt-token.com\/blog\/archives\/4024\/#Mainstream_Adoption_Of_The_Week\" title=\"Mainstream Adoption Of The Week\">Mainstream Adoption Of The Week<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/satt-token.com\/blog\/archives\/4024\/#CMEs_first_week_of_Ether_futures_trading_sees_34_million_in_daily_volumes\" title=\"CME&#8217;s first week of Ether futures trading sees $34 million in daily volumes\">CME&#8217;s first week of Ether futures trading sees $34 million in daily volumes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/satt-token.com\/blog\/archives\/4024\/#Crypto_exchange_Coinbase_was_behind_Teslas_bitcoin_buy\" title=\"Crypto exchange Coinbase was behind Tesla\u2019s bitcoin buy\">Crypto exchange Coinbase was behind Tesla\u2019s bitcoin buy<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/satt-token.com\/blog\/archives\/4024\/#SaTT_Update_of_the_Week\" title=\"SaTT Update of the Week\">SaTT Update of the Week<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/satt-token.com\/blog\/archives\/4024\/#SaTT_Live_on_PancakeSwap\" title=\"SaTT Live on PancakeSwap\">SaTT Live on PancakeSwap<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/satt-token.com\/blog\/archives\/4024\/#This_Weeks_Crypto_Meme\" title=\"This Week\u2019s Crypto Meme\">This Week\u2019s Crypto Meme<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Top_Headlines_for_the_Week\"><\/span><b>Top Headlines for the Week<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-4027\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Picture-3.png\" alt=\"\" width=\"700\" height=\"448\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Picture-3.png 977w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Picture-3-300x192.png 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Picture-3-768x491.png 768w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><strong>There is reported that Coinbase was the mastermind of the mammoth Bitcoin transaction executed by Tesla and Elon Musk<\/strong><\/li>\n<li style=\"font-weight: 400;\"><strong>A historic moment for Bitcoin as the largest digital asset hits 1 trillion in total market capitalization while Ether had a record trading volume after CME futures launch.<\/strong><\/li>\n<li style=\"font-weight: 400;\"><strong>SaTT integrates Binance Bridge and launches the BEP-20 version of the SATT token.&nbsp;<\/strong><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Top_Stories_Of_The_Week\"><\/span><b>Top Stories Of The Week<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Binance_Coin_sets_new_all-time_high_amid_skyrocketing_activity_on_BSC\"><\/span><a href=\"https:\/\/cointelegraph.com\/news\/binance-coin-sets-new-all-time-high-amid-skyrocketing-activity-on-bsc?utm_source=Telegram&amp;utm_medium=social\" target=\"_blank\" rel=\"noopener\"><b><i>Binance Coin sets new all-time high amid skyrocketing activity on BSC<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-4038\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Binance-Coin-BNB-vs-Ethereum-ETH.png\" alt=\"\" width=\"700\" height=\"375\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Binance-Coin-BNB-vs-Ethereum-ETH.png 1328w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Binance-Coin-BNB-vs-Ethereum-ETH-300x161.png 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Binance-Coin-BNB-vs-Ethereum-ETH-1024x548.png 1024w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/Binance-Coin-BNB-vs-Ethereum-ETH-768x411.png 768w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">The price of BNB surpasses the $300 mark, which was accompanied by a spike in activities on the Binance Smart Chain which has served as an alternative to the Ethereum network. Now the third-largest by market cap. BNB which sat at $42.8 per coin in the wake of February 2021 has made over a five hundred percent (5x) increase in a little less than three weeks. CoinMarketCap now ranks BNB as the third-largest crypto asset after trading above $300 on Friday.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At the time of writing, data from <\/span><a href=\"https:\/\/www.coingecko.com\/en\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Coingecko<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/coinmarketcap.com\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Coinmarketcap<\/span><\/a><span style=\"font-weight: 400;\"> places BNB in the third position, ahead of Polkadot (DOT) USDT and Cardano (ADA) with a market cap of over $47 billion.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The significant price surge over the psychological milestone of $300 after crossing the $150 resistance is notable. However, this is fueled by the outrageous <\/span><a href=\"https:\/\/cointelegraph.com\/news\/ethereum-based-social-media-project-shuts-down-as-eth-fees-approach-new-highs\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">gas fees<\/span><\/a><span style=\"font-weight: 400;\"> connected with the Ethereum network.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ethereum team working hard to improve user experience with subsequent development on its network. Meanwhile, as the battle to reduce gas fees and improve UX continues, Binance Smart Contract&#8217;s community voted to reduce transaction fees from 15 Gwei to 10 Gwei. Th ,lis will in turn drive more participation in the blockchain, pushing the price of BNB higher.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Nigeria_and_South_East_Asia_led_global_crypto_adoption_in_2020\"><\/span><a href=\"https:\/\/cointelegraph.com\/news\/nigeria-and-south-east-asia-led-global-crypto-adoption-in-2020?utm_source=Telegram&amp;utm_medium=social\" target=\"_blank\" rel=\"noopener\"><b><i>Nigeria and South East Asia led global crypto adoption in 2020<\/i><\/b><\/a><b><i>&nbsp;<\/i><\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-4028\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/8-December-3-980x613-1.jpg\" alt=\"\" width=\"700\" height=\"438\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/8-December-3-980x613-1.jpg 980w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/8-December-3-980x613-1-300x188.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/8-December-3-980x613-1-768x480.jpg 768w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Nigeria has been revealed to be the leading country in cryptocurrency adoption by Statistica. According to the report, the current mass adoption is been fueled by the pre-existing prevalence of mobile phone-based peer-to-peer payments. The <\/span><a href=\"https:\/\/www.statista.com\/chart\/18345\/crypto-currency-adoption\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">survey<\/span><\/a><span style=\"font-weight: 400;\"> showed that many Nigerians recently installed crypto apps on their phones. Moreso, it shows they are exploring crypto assets for international deals.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Despite the Apex Bank CBN enacting a ban on the involvement of commercial banks in facilitating crypto-related\/underlying transactions, Cryptocurrency adoption in the most populous black nation shows no sign of slowing down.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">CoinTelegraph reported that BTC&nbsp; was trading at <\/span><a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-selling-at-36-premium-in-nigeria\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">a 36% premium<\/span><\/a><span style=\"font-weight: 400;\"> in Nigeria on February 17th. <\/span><a href=\"https:\/\/trends.google.com\/trends\/explore?q=Bitcoin\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Google Trend<\/span><\/a><span style=\"font-weight: 400;\"> also shows Nigerians dominate searches for keywords &#8220;Bitcoin&#8221;. Southeast Asian countries not left out of the frenzy, Vietnamese and Filipino Also showed a significant increase in the rate of participation in cryptocurrencies at 21% and 20% Increase respectively like Nigeria involvement in crypto majorly focused on remittances.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Vietnam\u2019s government also <\/span><a href=\"https:\/\/cointelegraph.com\/news\/vietnam-bans-bitcoin-payments-global-markets-unfazed\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">oppose<\/span><\/a><span style=\"font-weight: 400;\"> cryptocurrencies but subsequently set up a <\/span><a href=\"https:\/\/cointelegraph.com\/news\/vietnam-govt-to-launch-crypto-research-group-to-evaluate-policy\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">research committee<\/span><\/a><span style=\"font-weight: 400;\"> to that effect in May 2020. With crypto news making headlines way too frequently, many other countries also record increased adoption with Turkey 16%, Switzerland 11%, Japan, and Denmark 4% each.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Survey_finds_5_of_corporate_CFOs_plan_to_buy_Bitcoin_in_2021\"><\/span><a href=\"https:\/\/cointelegraph.com\/news\/survey-finds-5-of-corporate-cfos-plan-to-buy-bitcoin-in-2021?utm_source=Telegram&amp;utm_medium=social\" target=\"_blank\" rel=\"noopener\"><b><i>Survey finds 5% of corporate CFOs plan to buy Bitcoin in 2021<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-4029\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/960x0.jpg\" alt=\"\" width=\"700\" height=\"443\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/960x0.jpg 960w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/960x0-300x190.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/960x0-768x486.jpg 768w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">In a survey by Gartner which sampled over 70 financial executives, about 5% shows interest in investing in Bitcoin in 2021, with another 11% to join the train before 2024. They are possibly planning to follow <\/span><a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-hits-43k-all-time-high-as-tesla-invests-1-5-billion-in-btc\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Tesla&#8217;s<\/span><\/a><span style=\"font-weight: 400;\"> move towards institutional adoption.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A sample size of 77 CFOs showed the diverging views of the majority of its respondents on the asset class based on the industrial affiliation. Those in tech were more interested and at home with the idea of investing in cryptocurrency; Bitcoin.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Concerns bothering on the risk involved due to high volatility were Paramount. Furthermore, a high number of respondents are adopting a wait-and-see approach. A similar port of call is the desire to have a full understanding of the inherent risks involved with exposure to this asset class.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Amidst all these concerns Bitcoin and indeed other altcoins are making tremendous moves reaching all-time highs and these price actions are driving insane institutional investment with <\/span><a href=\"https:\/\/www.bloomberg.com\/quote\/MSTR:US\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Microstrategy<\/span><\/a><span style=\"font-weight: 400;\">, PayPal, and <\/span><a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-hits-43k-all-time-high-as-tesla-invests-1-5-billion-in-btc\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Tesla<\/span><\/a><span style=\"font-weight: 400;\"> already stacking up the coins.&nbsp;<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"This_Weeks_Market_Sentiment\"><\/span><b>This Week\u2019s Market Sentiment<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Bitcoin_Market_Value_Tops_1T_as_Price_Passes_53697\"><\/span><a href=\"https:\/\/www.coindesk.com\/bitcoin-1-trillion-market-value\" target=\"_blank\" rel=\"noopener\"><b><i>Bitcoin Market Value Tops $1T as Price Passes $53,697<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-4030\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/5c981c59-089d-4867-9673-0c1077dcec8c.png\" alt=\"\" width=\"700\" height=\"394\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/5c981c59-089d-4867-9673-0c1077dcec8c.png 1600w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/5c981c59-089d-4867-9673-0c1077dcec8c-300x169.png 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/5c981c59-089d-4867-9673-0c1077dcec8c-1024x576.png 1024w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/5c981c59-089d-4867-9673-0c1077dcec8c-768x432.png 768w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/5c981c59-089d-4867-9673-0c1077dcec8c-1536x864.png 1536w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">As at the close of cryptocurrency markets on Friday, the Bitcoin market cap was for the first time above 1 trillion dollars, with each coin trading for $53,697 (<\/span><a href=\"https:\/\/www.coindesk.com\/price\/bitcoin\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Bitcoin Price Index<\/span><\/a><span style=\"font-weight: 400;\">). On Friday, the leading cryptocurrency traded at new all-time highs moving up, roughly 3.6% in 24 hours and gaining almost eighty percent year-to-date increase. Although they are excesses with regards to speculations, the bull market doesn&#8217;t seem to be peaking yet.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Mike McGlone, the Bloomberg senior commodity strategist, believes that the coin&#8217;s value is riding on perceived global adoption as a digital reserve asset(store of value). The trillion-dollar market is gaining attention from large institutional players like <\/span><a href=\"https:\/\/twitter.com\/michael_saylor\/status\/1362785854758993927\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Microstrategy Inc.,<\/span><\/a><span style=\"font-weight: 400;\"> pushing in $1.05 billion, Tesla invested about 8% of its cash reserve amounting to $1.5 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Also, <\/span><a href=\"https:\/\/www.coindesk.com\/bny-mellon-announces-crypto-custody-and-spies-integrated-services\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">BNY Mellon<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/www.coindesk.com\/deutsche-bank-crypto-custody-prime-brokerage\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Deutsche Bank<\/span><\/a><span style=\"font-weight: 400;\"> are announcing its crypto custody, as well as other intelligence companies with investments in this crypto asset. Only barely a year ago, Bitcoin held a total of $178 billion in market value according to <\/span><a href=\"http:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">TradingView<\/span><\/a><span style=\"font-weight: 400;\"> data.&nbsp;<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Mainstream_Adoption_Of_The_Week\"><\/span><b>Mainstream Adoption Of The Week<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"CMEs_first_week_of_Ether_futures_trading_sees_34_million_in_daily_volumes\"><\/span><a href=\"https:\/\/www.theblockcrypto.com\/linked\/95217\/cme-first-week-eth-futures-trading\" target=\"_blank\" rel=\"noopener\"><b><i>CME&#8217;s first week of Ether futures trading sees $34 million in daily volumes<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-4031\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/CME-Group-ethereum-880x530-1.jpg\" alt=\"\" width=\"700\" height=\"422\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/CME-Group-ethereum-880x530-1.jpg 880w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/CME-Group-ethereum-880x530-1-300x181.jpg 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/CME-Group-ethereum-880x530-1-768x463.jpg 768w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">After the first week of the trading of Ether futures on CME, the product witnessed an increased interest across the board. About 371 contracts were traded each day over the course of one week at 50 ETH each. Trading on the derivatives exchange started on Sunday evening of February 7, 6:00 P.m. European Time. And it enabled 121 indistinct active accounts trading the offer.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Summary of last week&#8217;s trade recorded about 1856 contracts processed totaling 92800 Eth, valued at about $160 million. One-third was traded during Non-US trading hours why 27% of total trades came from outside the United States.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Ether Futures product joined the Bitcoin futures product which witnessed a 1,000 contract trade on opening day totaling approximately <\/span><a href=\"https:\/\/www.wsj.com\/articles\/bitcoin-futures-prices-fall-in-cme-debut-1513635782\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">$100 million<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Crypto_exchange_Coinbase_was_behind_Teslas_bitcoin_buy\"><\/span><a href=\"https:\/\/www.theblockcrypto.com\/post\/95146\/coinbase-tesla-bitcoin-buy\" target=\"_blank\" rel=\"noopener\"><b><i>Crypto exchange Coinbase was behind Tesla\u2019s bitcoin buy<\/i><\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-4033\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/tesla-3.jpg\" alt=\"\" width=\"700\" height=\"368\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/tesla-3.jpg 600w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/tesla-3-300x158.jpg 300w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">To diversify and maximize returns on cash that is not required to maintain adequate liquidity in other words &#8220;Cash Reserve&#8221; are the main objectives of adopting Bitcoin says, Tesla. However, a reliable news source reports that Tesla is one of Coinbase&#8217;s deep-pocketed corporate clientele.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Attempts to get Coinbase and\/or Tesla to comment on the assertion that Coinbase is behind Tesla&#8217;s buy proved abortive as neither parties were willing to let the cat out of the bag. Meanwhile, it is gathered that Coinbase executed the transaction in Tesla&#8217;s Stead. <\/span><a href=\"https:\/\/blog.coinbase.com\/coinbase-is-helping-corporate-companies-diversify-with-crypto-444e8d91ebca\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Similar<\/span><\/a><span style=\"font-weight: 400;\"> to that of Microstrategy Incorporation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Source Who prefers to remain anonymous states that <\/span><a href=\"https:\/\/www.theblockcrypto.com\/post\/66479\/coinbase-tagomi-acquisition\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">the Coinbase Prime Brokerage<\/span><\/a><span style=\"font-weight: 400;\"> arm counts quite a number of Fortune 500 companies as clients. This is surely going to moon the price of Bitcoin, with the asset already trading above $50,000 per coin. Meanwhile, the Prospects of having major institutions invest in Bitcoin are gradually becoming a steady buzz in the industry.&nbsp;<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"SaTT_Update_of_the_Week\"><\/span><strong>SaTT Update of the Week<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"SaTT_Live_on_PancakeSwap\"><\/span><b><i>SaTT Live on PancakeSwap<\/i><\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-4035\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/france-satt-binance-smart-chain-bsc.png\" alt=\"\" width=\"700\" height=\"310\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/france-satt-binance-smart-chain-bsc.png 1920w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/france-satt-binance-smart-chain-bsc-300x133.png 300w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/france-satt-binance-smart-chain-bsc-1024x454.png 1024w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/france-satt-binance-smart-chain-bsc-768x340.png 768w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/france-satt-binance-smart-chain-bsc-1536x681.png 1536w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">We are proud to announce that SaTT will be integrating a bridge to port over to the Binance Smart Chain (BSC) and will consequently deploy SATT over to the Binance Smart Chain.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The advantages associated with the BSC network make this a prime mover and well-articulated decision by the team. As a result, SaTT will be deployed as a <\/span><a href=\"https:\/\/academy.binance.com\/en\/glossary\/bep-20\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">BEP20 token<\/span><\/a><span style=\"font-weight: 400;\">, <\/span><span style=\"font-weight: 400;\">a token standard on the Binance Smart Chain that extends and improves on Ethereum&#8217;s ERC-20 token standard.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">All ERC20 SaTT holders will receive an equivalent amount of the BEP20 version of the SaTT token. The date of the airdrop snapshot will be announced soon, followed by further instructions. For now, SaTT holders don\u2019t need to do anything but wait for further instructions.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Please note that the SaTT BEP-20 token version (SaTTb) will exist to complement the ERC-20 version, giving users easy access from both chains. As a result, we will be upgrading the SaTT advertising platform in order to support the newly proposed Binance Smart Chain.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Finally, we are ecstatic to announce that the BEP20 version of SaTT is listed on &nbsp;<\/span><a href=\"https:\/\/pancakeswap.finance\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">PancakeSwap<\/span><\/a>, <span style=\"font-weight: 400;\">the top BSC-based AMM DEX<\/span><span style=\"font-weight: 400;\"> and we are exploring possibilities with BakerySwap as we speak. Our listing goals are focused on getting listed on top, reputable exchanges to provide a safe trading environment for our ever-growing community.&nbsp;<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"This_Weeks_Crypto_Meme\"><\/span><b>This Week\u2019s Crypto Meme<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-4025\" src=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/im-not-spending-these-until-they-can-buy-me-the-65980976.png\" alt=\"\" width=\"700\" height=\"500\" title=\"\" srcset=\"https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/im-not-spending-these-until-they-can-buy-me-the-65980976.png 500w, https:\/\/satt-token.com\/blog\/wp-content\/uploads\/2021\/02\/im-not-spending-these-until-they-can-buy-me-the-65980976-300x214.png 300w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><br \/>\nWe hope you enjoyed this week&#8217;s edition of crypto highlights. For a peek at our last edition of crypto highlights &amp; blockchain news, click <a href=\"https:\/\/satt-token.com\/blog\/2021\/02\/16\/crypto-highlights-week-7-everything-from-last-week-you-dont-want-to-miss\/\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto Highlights: Bitcoin hits 1T market cap, BSC sees high transaction volume, ETH CME futures hit record highs, SaTT integrates Binance Bridge: These and more in this week\u2019s Crypto Highlights.&nbsp;&nbsp; Top Headlines for the Week There is reported that Coinbase [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":3227,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[47],"tags":[79,106],"class_list":["post-4024","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-stories","tag-bitcoin","tag-crypto-weekly"],"_links":{"self":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts\/4024","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/comments?post=4024"}],"version-history":[{"count":2,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts\/4024\/revisions"}],"predecessor-version":[{"id":10972,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/posts\/4024\/revisions\/10972"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/media\/3227"}],"wp:attachment":[{"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/media?parent=4024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/categories?post=4024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/satt-token.com\/blog\/wp-json\/wp\/v2\/tags?post=4024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}