News background in the crypto space.

The New York District Court refused to recognize the crypto exchange Coinbase as a broker, but found that the platform was involved in the offering and sale of unregistered securities.

According to Nansen data, the outflow of funds from the KuCoin crypto exchange over the past 24 hours amounted to about $800 million amid new charges from the US Department of Justice. According to media reports, KuCoin is exploring the possibility of selling the business in 2023.

MicroStrategy shares hit an all-time high. MicroStrategy's market capitalization has nearly tripled since the beginning of the year.

Positive outflows from GBTC.

Despite the net outflows caused by GBTC, the largest ETF providers have maintained their inflows, meaning new buyers are not selling.

GBTC sold 31,000 BTC last week and the price fell by about 1%. This indicates that demand is quite strong to withstand selling pressure. #бтс #btc

BTC Sharpe Ratio.

The BTC Sharpe Ratio is an important tool for understanding the volatility and risk associated with investing in $BTC .

Interpretation of indicators.

Ratio values ​​above 40 for BTC indicate a potentially profitable period for investors. While a reading below -20 could indicate a time of increased downside risk, but with potential for long-term buying.

Currently, the Sharpe ratio indicates that BTC has entered a high-risk area for new investors as the price has risen significantly, surpassing its all-time high (ATH) from 2021. This increase in the Sharpe ratio implies an increase in the level of risk - a critical point for investors who prioritize risk minimization. #BTC

News background in the crypto space.

According to CryptoQuant, the current BTC pullback is a temporary correction. Judging by the low level of new investor inflows, the BTC bull cycle is far from over.

$BTC could fall to $52 thousand in the coming weeks, warns 10xResearch. However, due to the upcoming halving in April, there will be a further increase to at least $106 thousand.

There is no compelling reason for the SEC to reject applications to launch an Ethereum ETF, Coinbase general counsel Paul Grewal said.

Solana is attracting the most investor interest. Solana will account for 49.3% of global investor interest in blockchain ecosystems in 2024. #btc

$Chainlink and Cardano are leading the way.

Chainlink and Cardano have the highest developer activity scores, with 451.23 and 444.7 points respectively. The growing activity of LINK developers may also mean increased efforts to integrate and include institutions on their platform.

Additionally, Status also topped the list, finishing third with 434.5 points. Status is ready to become a competitor to applications such as TG and Discord.

The company raised $100 million for its native SNT token in 2017, but has since experienced several glitches in bringing its product to market. However, in a November statement on social media. Network X says the company will launch beta and alpha versions of its app soon. #Cardano #ADA/USDT

Apple shares are down.

Apple (AAPL) shares fell 4% after the Justice Department filed an antitrust lawsuit against the iPhone maker.

The lawsuit accuses Apple of maintaining an illegal monopoly on smartphones by blocking competitors' access to the hardware and software features of its devices.

Apple said in a statement shortly after the lawsuit was filed: “We believe this lawsuit is inconsistent with the facts and the law, and we will vigorously defend against it.”
#Apple

Third day of outflow from spot $BTC -ETF.

On March 20, net outflows from the spot $BTC -ETF totaled $261 million, driven primarily by $386 million outflows from the Grayscale Bitcoin Trust (GBTC).

On the other hand, yesterday's rise of $BTC , despite capital outflows from ETFs, may indicate newfound resilience .#ETF #bitcoins

News background in the crypto space:

S&P Global Ratings has published the ninth "stability assessment" of major stablecoins. USDC, USDP, and GUSD received a "strong" rating, while only USDM Mountain Protocol received an "adequate" rating. USDT, DAI, and FDUSD stablecoins received a "limited" rating.

The Securities and Exchange Commission (SEC) aims to designate the cryptocurrency Ethereum as a security.

According to Bloomberg, the chances of approval for $ETH Ethereum spot ETFs in the US in May are diminishing. Regulators have not shown much enthusiasm.

Since March 12, 33 presale campaigns have been conducted in the Solana ecosystem to raise funds for token launches, resulting in a total of 796,000 SOL being raised #Ethreum #USDT #Bitcoin‬ #newscrypto

Solana's Price Vulnerability to Failed Transactions Amidst Memecoin Rally

The recent surge in memecoin rallies has led to a spike in decentralized exchange (DEX) volume on Solana $SOL , driving transaction fees up by two to three times. Despite this, Solana's average transaction fee remains relatively low at $0.06580, compared to Ethereum Layer 2 chains post-Dencun upgrade.

However, this memecoin-fueled activity has attracted bots spamming the SOL network, resulting in a significant number of failed transactions. According to Dune Analytics, 93% of these failures stem from bot activity, contrasting with a mere 17% failure rate for regular users.

The prevalence of bot-generated spam transactions poses a challenge to Solana's network stability and user experience. While its low fees have been a draw, the influx of failed transactions due to bot activity risks undermining user confidence.

As Solana strives to rival Ethereum and other Layer 1 blockchains, addressing bot-generated spam transactions is crucial. Failure to do so could lead to increased costs, reduced adoption, and potential negative impacts on Solana's price in the cryptocurrency market. #solana $SOL

Bitcoin's Unpredictable Popularity: Why?
In today's financial world, we are witnessing a surprising phenomenon: Bitcoin, a digital cryptocurrency devoid of real assets, continues to gain momentum, while shares of companies with real assets behind them cannot reach similar heights. What is behind this phenomenon and why is Bitcoin so attractive to the masses?
First, it is worth noting that Bitcoin is a purely speculative instrument with no real assets underlying its value.
It is also worth considering that modern stocks are often viewed as purely speculative instruments that have no real connection to the success of the company. In such circumstances, Bitcoin becomes an alternative offering freedom and great growth prospects.
Ultimately, Bitcoin's success confirms our theory that modern stocks are increasingly speculative and their growth is limited by their dependence on the success of a specific company. In this context, Bitcoin stands as a symbol of freedom and opportunity, offering an alternative to traditional assets. #Bitcoin‬ #биткоин #мавроди

In the medium term there is growth for gold. #gold #btc #trading

"New Regulatory Steps: Cryptocurrencies Under Pressure from Global Regulators"
In recent days, global regulators have continued to tighten their control over the cryptocurrency space, taking serious measures to combat potential risks and abuses. Here are the main events that determined the direction of development of the cryptocurrency market on March 21:

1. EU Moves to Regulation: European Union lawmakers have decided to approve key anti-money laundering measures that also include regulations for cryptocurrencies. The decision imposes strict regulations on cryptocurrency service providers in the 27 EU countries.
2. SEC Requests Additional Funding: The US Securities and Exchange Commission (SEC) has asked Congress for $2.5 billion by 2025 to regulate the crypto industry. These funds are planned to be used to regulate the cryptocurrency market and for possible lawsuits against crypto companies.
3. UK Preparing for Anti-Regime
Abuse: The UK's financial regulator (FCA) is set to introduce a special regime to combat crypto market abuse.

The Fed rate was left at current levels.

Everything is as expected. The crypto market did not react to the news, while the US dollar index (DXY) reacted with a slight decline.

Stock market trends.

Chipotle Mexican Grill (CMG). Shares rose 3% after a 50-to-1 stock split was approved.

Intel (INTC). Shares initially rose on news that the company received funding from the White House as part of the CHIP and Science Act. The White House said it would provide the company with $8.5 billion in funding. However, during the trading session, shares fell by 1%.
#news2024

News background in the crypto space.

According to Glassnode, as BTC rose above $70,000, holders turned to selling to lock in profits.

According to Michael Saylor, MicroStrategy bought 9,245 BTC between March 11 and March 18 at an average price of $67,382. MicroStrategy's total cryptocurrency reserves reached 214,246 BTC, representing more than 1% of the total BTC supply.

CryptoQuant founder Ki Yoon Joo expressed concern about the boom in the meme token segment. In his opinion, such projects only harm the crypto industry. Yoon Joo compared the situation to the ICO boom in 2018, as a result of which most investors simply lost their invested funds.#BTC #news2024