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Bitcoin Surpasses $83,000 with a 1.93% increase in 24 Hours

Cathie Wood Says Most Memecoins Will End Up ‘Worthless’

Most of the so-called memecoins that are flooding the $2.6 trillion cryptocurrency space will probably end up “worthless,” according to Cathie Wood.

The combination of blockchain technology and artificial intelligence is creating “millions” of meme cryptocurrencies that “are not going to be worth very much,” the ARK Investment Managment LLC founder and CEO told Bloomberg Television on Tuesday, adding that her private funds are not putting money into these coins.

Memecoins are a type of digital asset often inspired by jokes, current events or trends in popular culture. In February, the US Securities and Exchange Commission said memecoins are not considered securities so they will remain unregulated.

Coinbase Global gets new bull rating by Bernstein

Bernstein started coverage of Coinbase Global (NASDAQ:COIN) with an Outperform rating as analyst Gautam Chhugani sees the crypto exchange riding tailwinds of the Trump administration's aspiration to make the U.S. the crypto capital of the world.

"COIN bears worry about rising competition and fee pressure, but they overlook the massive TAM (total addressable market) expansion from re-shoring of global crypto markets back to the U.S.," the analyst wrote in a note to clients.

With more than $400B in assets and ~10M active users, Coinbase (NASDAQ:COIN) remains the dominant platform holding ~66% of U.S. market share, Chhugani noted. He estimates that the company's EPS (ex-fair value gain on crypto) will grow at a compounded annual growth rate of ~38%, which is 30% ahead of 2025 EPS consensus and 61% higher than 2026 EPS consensus.

Strategy raises eyebrows with 10% dividend STRF offering amid low dollar revenue

Strategy (formerly known as MicroStrategy) has announced plans to raise additional capital through a Strife Preferred Stock (STRF) offering.

In a March 18 announcement, the firm intends to issue 5 million shares of its Series A Perpetual STRF stock, subject to regulatory approval and market conditions. The capital raised will be directed toward corporate operations, including Bitcoin acquisitions and general expenses.

This new offering follows Strategy’s plans to raise $21 billion from its Strike (STRK) preferred stock.

Bitcoin Spot ETF Flow

The overall net inflow of the US Bitcoin spot ETF on Tuesday (Mar 18) was $209.12 million. The total net asset value of Bitcoin spot ETFs is $91.97 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 5.65%.

The Bitcoin spot ETF with the highest net inflow on Mar. 18 was iShares Bitcoin Trust , with a net inflow of $218.12 million. This marks the highest single-day inflow for the ETF since February 4, 2025,