In another bullish weekly surge, bitcoin (BTC) decisively broke its 2021 all-time high, up by 10.9% through the week’s end. Ether (ETH) outperformed the largest crypto asset, climbing 12.7% to surpass $4,000 for the first time since December 2021, finishing the week just under this mark. This rally, driven by ETF flows and macro factors, comes before next month’s Bitcoin halving and this week’s Ethereum “Dencun” upgrade.

 

 

Arizona considering adding bitcoin ETFs to retirement portfolios

An Arizona State Senate proposal aims to encourage the Arizona State Retirement System (ASRS) and the Public Safety Personnel Retirement System (PSPRS) to explore integrating bitcoin ETFs into their investment portfolios. On February 22, the bill passed the Senate's third reading with a vote of 16 to 13 and is currently under second review. This highlights how ETFs are unlocking huge pools of capital that couldn’t access crypto investments before, another positive sign that crypto’s institutional phase is just getting started.

 

Ether regains $4,000 with upgrade scheduled for this week

Ether’s recent price action came in anticipation of its next major network upgrade, Dencun, which will be activated this Wednesday, March 13. Dencun will make it cheaper for Ethereum rollups—the network’s leading second layer scaling solutions—and will reduce transaction costs, paving the way for Ethereum’s broadband phase to advance in the years to come.

 

Total Value Locked (TVL) in DeFi segment regains $100B 

TVL in the decentralized finance (DeFi) ecosystem regained its $100 billion mark after nearly two years. This important milestone highlights a notable growth phase within the DeFi ecosystem, reflecting increased sector activity and investor engagement as a new crypto bull market kicks-in. 

 

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