The CEO of Morgan Creek Capital Management: The price of Bitcoin will reach $150,000 nine months after the halving.

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Mark Yusko, the CEO of Morgan Creek Capital Management, has made a bold prediction about Bitcoin's price trajectory, stating that it will reach $150,000 nine months after the halving. Yusko's confidence in this prediction stems from his belief in Bitcoin's "fair value" being $75,000, implying that the anticipated rally post-halving will significantly propel the cryptocurrency's value. He shared these insights during an appearance on Scott Melker’s “Wolf Of All Streets” podcast, highlighting the potential for on-chain activity to drive Bitcoin's price upwards .

Top 10 Crypto News In The Last 24 Hours 🚀

1️⃣ 💰 Bitcoin continues to range between $69,000-72,000 as just 2,900 blocks remain for halving.

2️⃣ 💰 Ethereum addresses hit an all-time high as $ETH jumps to $3,600.

3️⃣ 💰 Solana crosses $204 setting a new 2024 high.

4️⃣ 💰 Base sets record high DEX volume day, surpassing $1B.

5️⃣ 💰 Bitwise makes its Spot Bitcoin ETF holders' BTC address public.

6️⃣ 🐧 Pudgy Penguins Surges 7.7%, becomes the Second-Largest NFT.

7️⃣ ⚖️ Tornado Cash co-founder requests dismissal of money laundering charges.

8️⃣ 💰 FTX bankruptcy estate aiming to begin repaying creditors by the end of 2024.

9️⃣ 🚨 Prisma Finance says $540K still at risk, hacker demands team reveal themselves.

🔟 🇬🇧 UK Judge freezes $7.6m of Craig Wright’s assets after his loss in Bitcoin creator case.

🔒 TRON Blockchain Dominates Illicit Crypto Scene: TRM Report Uncovers Shocking Stats

📉 Falling Figures, Rising Concerns: A Glimmer of Hope Amidst the Shadows

In a surprising turn of events, 2023 witnessed a glimmer of hope in the fight against illicit crypto activities. According to TRM Labs, the dark underbelly of digital finance saw a 33% drop in volume, from a staggering $49.5 billion in 2022 to $34.8 billion.

However, amidst this decline, one blockchain stood out as a notorious hub for wrongdoers. The TRON network, often hailed for its speed and low fees, saw its share of the illicit pie grow from 41% to a whopping 45%.

🌐 Blockchain Battleground: TRON Takes Center Stage

The latest report from TRM's blockchain intelligence team paints a vivid picture of the crypto crime landscape. It reveals that almost half of all shady dealings occurred on the TRON blockchain, leaving Ethereum (24%) and Bitcoin (18%) trailing behind.

But what makes TRON so attractive to those with ill intentions? According to Angela Ang, senior policy advisor at TRM, it's all about convenience: "Low fees and high speed make it an ideal playground for money launderers."

💰 Tether Takes the Lead: Stablecoin Shenanigans Unveiled

When it comes to stablecoins embroiled in illicit affairs, Tether (USDT) takes the dubious crown. Last year alone, it accounted for a staggering $19.3 billion in dodgy dealings. In fact, around 1.63% of Tether's volume on TRON was linked to illicit activity.

In contrast, its rival USDC only had a measly 0.05% of its volume tainted by wrongdoing. The battle of the stablecoins seems to have a clear winner in the murky world of crypto crime.

🔍 2023: A Year of Progress, But Challenges Remain

While the TRON blockchain may have hogged the spotlight, there's a silver lining to be found. Overall, illicit crypto funds saw a 30% decrease, with sanctions-related shenanigans taking a significant hit.

🚀 Grayscale's GDIF: A Bold Move into Proof-of-Stake for Millionaires

📈 Grayscale, the digital asset management giant, is making waves again with its latest offering. Introducing the GDIF, a dynamic income fund tailored exclusively for accredited millionaires. This move signifies Grayscale's first foray into actively managed investments.

💼 With a focus on staking rewards and a keen eye on the ever-expanding proof-of-stake landscape, GDIF aims to maximize returns for its exclusive clientele. But remember, this opportunity comes with a caveat – it's not registered under the U.S. Securities Act of 1933.

📉 While Grayscale's spot bitcoin ETF has been a hit, GDIF offers a fresh avenue for investors seeking exposure to the dynamic world of crypto. Despite some recent value losses, Grayscale remains a major player in the market, ranking second in trading volume.

🔍 In other news, Grayscale is taking its time to evaluate the potential acquisition of EthereumPoW tokens. The review period has been extended as the company navigates the complexities of staking and regulatory scrutiny.

❗️ The Ethereum community may be divided between PoS and PoW, but Grayscale is keeping an open mind. As they explore opportunities in both camps, it's clear that this seasoned player knows how to adapt to an ever-evolving market.

📌 TOP-7 upcoming token unlocks for next week.

CryptoRank shared the largest token unlocks for the upcoming week👇

✅️ SUI — $124.76 million;
✅️ ETHDYDX — $114.52 million;
✅️ NEAR — $67.32 million;
✅️ ORBR — $23.85 million;
✅️ DYM — $22.69 million;
✅️ BICO — $18.75 million;
✅️ AI — $18.5 million.

Keep an eye on the reaction of tokens whose unlock is more than 5% of the market cap. Swings are possible.

🖤The CEO of BlackRock reported on American TV that demand for a Bitcoin ETF is observed only from retail trading, as large players have a 90-day trading delay that ends in early May. The delay is necessary for evaluating liquidity, tracking errors, and market perception.

Thus, Larry Fink hints that April might be the "last month" when ordinary people can buy a whole bitcoin.

🤓 CFTC Commissioner stated that her agency's lawsuit against KuCoin may infringe upon the SEC's powers

Commodity Futures Trading Commission (CFTC) Commissioner Caroline Pham stated that her agency's actions against KuCoin might infringe upon the powers of the Securities and Exchange Commission (SEC).

Pham noted that both agencies have failed to reach a consensus on how to classify digital assets and have publicly diverged in opinions.

The CFTC claims that KuCoin violated the Commodity Exchange Act, while the SEC calls similar crimes violations of the Securities Act.

Pham pointed out that such interpretation does not allow distinguishing between investments in funds (regulated by the SEC) and the trading activity of a fund (regulated by the CFTC).

"The CFTC's approach could infringe upon the SEC's authority and undermine decades of reliable investor protection laws by conflating a financial instrument with financial activity, undermining the foundations of the securities markets. Owning stocks is not the same as trading derivatives," she added.

🤓 WSJ: Former Jump Trading employee files complaint against the company with the SEC regarding the UST crash

WSJ reporter Alexander Osipovich reported that former Jump Trading employee James Hansaker testified in court against Terraform Labs and revealed that he filed a complaint with the Securities and Exchange Commission (SEC) against his former employer.

Hansaker worked at Jump Crypto before leaving to co-found Monad Labs. He stated that Jump and Terraform made a deal aimed at accelerating the adoption of UST.

In May 2021, UST depegged from the dollar. At that time, he was on a Zoom conference with colleagues. That day, the head of Jump Crypto, Kanav Karia, said that Do Kwon was planning to transfer the rights to UST to the company.

After this, Jump Trading co-founder Bill DiSomma started urging traders to make "aggressive trades" and accumulate UST.

Hansaker noted that Terra was an important project for Jump, so the company was ready to risk "a couple of hundred million dollars."

Such aggressive trading helped to restore the peg in May 2021, allowing UST to last another year.

At that time, Kwon stated that UST "automatically self-heals," misleading investors.

Hansaker left Jump in February 2022. In his testimony, he mentioned that he tried to anonymously publicize the situation on Reddit.

He filed a whistleblower complaint with the SEC in August 2022.

Hansaker invested $200,000 of his own money in UST to earn ~20% returns from Anchor Protocol. He doubted UST's stability but believed he could quickly exit if necessary. He sold his UST on May 7 or 8, 2022, as the depeg began.

Previously, the SEC stated that Jump made about $1 billion in profits from collaboration with Terraform Labs.

🤓 Bloomberg: Farcaster's valuation reaches $1 billion

Merkle Manufactory (the main developer of the Web3 social network Farcaster) is close to completing a financing round that will give the company a valuation of $1 billion.

This round is led by Paradigm.

The amount of funds being raised is still unknown.

Despite the recent price correction of 🔹 Ethereum observed over the last few weeks, $ETH whales have become more active and the number of transactions has increased — this is a positive indicator for the future price of ETH!

The #PEPE token grew by 713% in less than a month.

But most likely, you did not profit from this growth. Nor from the growth of such coins:

✅ LIME +1436%
✅ ORDI +348%
✅ COM +562%
✅ JUP +234%

Surprisingly, the growth of these coins was known in advance...

Popular trader and investor William warned about this in advance on his Telegram channel: Fisher Theory

Now, he is betting on the growth of several AI direction altcoins. 🤖

⚡️ JUST IN : Hong Kong 🇭🇰 Exchange suspected to be owned by #Binance, will be permanently closed.

Users are required to withdraw their assets before April 30. According to the Hong Kong SFC, #HKVAEX applied for a license on January 4, 2024, but withdrew the application on March 28.

🚨🚨🚨 FCA Targets MemeCoin ‘Finfluencers’ with New Guidelines on Promotions.

Per the FCA, "finfluencers" need agency-appointed rep approval before advertising memes about financial products/services.

#FCA #MemeCoin #Crypto

There are 3,000 blocks left until the Bitcoin halving.

Market Data for March 31, 2024

🟦 Current Bitcoin price — $70,225 (+0.37%)
🟨 Current Ethereum price — $3,621 (+3.49%)

❇️ BTC Dominance Index — 53.53%
❇️ S&P 500 Index — $5,247
❇️ Fear and Greed Index — 75 (Greed)

🌐 Total Market Capitalization — $2.581 trillion
🌐 Altcoin Market Capitalization — $1.199 trillion

📈 Top-100 Crypto Gainers:
1. CORE — $1.65 (+29.9%)
2. PEPE — $0.00000904 (+12.4%)
3. ORDI — $71.61 (+11.9%)

📉 Top-100 Crypto Losers:
1. AKT — $4.86 (-4.8%)
2. BCH — $591 (-3.4%)
3. ICP — $17.71 (-3.4%)

Investing $250 in Bitcoin every month for 9 years, your capital would now amount to $1,176,000.

Quick retirement is guaranteed only through correct investments.

Dogwifhat overtakes PEPE in the meme coin market cap rankings

On Friday morning, the popular dog-themed meme coin WIF reached a new milestone in the market capitalization rankings.

📈 The token also touched the round figure of $4, marking a new all-time high for it.

As a result of the price surge, WIF overtook PEPE and secured the 3rd place in the rankings of meme coins with the highest market capitalization.

💬 Meanwhile, BONK, the first dog meme coin of the Solana ecosystem, is also losing to "the doggie." Currently, its market capitalization was almost half that of WIF.

The alleged Prisma Finance hacker demanded that the creators of the project show their documents on camera and apologize.

The alleged Prisma Finance hacker demanded that the creators of the project conduct an online conference during which all team members would show their faces and documents.

He also stated that they must express words of gratitude, as well as apologize to him, investors, and users.

Previously, the Prisma hacker transferred a portion of the stolen funds to Tornado Cash.

As of today, the losses from the hack are estimated at ~$11 million.

🇺🇸 Analysis of the State of the U.S. Economy

1️⃣ The Difference Between Weakness and Vulnerability in the Economy or a Specific Sector

Weakness is when a growth phase shifts into a decline phase.

Vulnerability is when, parallel to the growth phase, serious issues accumulate, making the growth not very reliable and will lead to a decline phase in the future.

Currently, the national debt is growing rapidly = the U.S. is borrowing and spending a lot of money in the economy. Therefore, the economy is vulnerable, but the weakness has not yet manifested.

2️⃣ The U.S. National Debt

Since the start of COVID, the Federal Reserve and the Treasury have been pulling the American economy into a growth phase despite all problems through massive injections of money.

This creates an inefficient system where the economy grows significantly due to constant injections of money and high inflation.

Problems in such a system are not resolved but accumulate. One example: problematic economic participants do not go bankrupt but accumulate even more debts, thereby increasing potential losses for creditors and investors in the future.

3️⃣ To Summarize and Simplify the Essence of the Entire Post, Here is a Comparison of Such an Economy with a Dependent Person.

It is constantly in search of a new dose (accumulation of debts and growth of the national debt), while under the influence (after injecting borrowed funds into the economy) does not notice how its body (economy) is deteriorating despite the exacerbation of problems. Also, each time a larger dose is needed, this is evidenced by the constant increase in the pace of growth of the national debt.

💰 JUST IN: Solana DEX Records Remarkable Growth with 5.8 Million Traders.

This volume was more than Ethereum’s DEXs for the same timeframe. The increase in Solana DEX volume, which was up 26%, came after a series of airdrops, indicating a revival in activity on the platform .