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🤩 Do you already know about the NFT collection & other cool rewards? You can win them all in our new Coloured Launch Boxes quest! It takes place on AlphaGuilty, Galxe, Taskon, and QuestN platforms. All you have to do is complete simple tasks & answer questions about Whitechain. The winners will share the $7055 prize pool. The quest starts on 26.02 and ends on 18.03. Wish me luck cause I'm in business 😎 #TrendingTopic #BlockchainCommunity #Whitechain #NFT‬⁩ #Bitcoin‬ $BTC

🤩 Do you already know about the NFT collection & other cool rewards?

You can win them all in our new Coloured Launch Boxes quest!

It takes place on AlphaGuilty, Galxe, Taskon, and QuestN platforms. All you have to do is complete simple tasks & answer questions about Whitechain. The winners will share the $7055 prize pool.

The quest starts on 26.02 and ends on 18.03.

Wish me luck cause I'm in business 😎

#TrendingTopic #BlockchainCommunity #Whitechain #NFT‬⁩ #Bitcoin‬ $BTC

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DOGE Sees Massive Whale Activity as Dogecoin Flips Cardano Dogecoin’s daily trading volumes surged by a staggering 50% to $3.17 billion as DOGE price clocks nearly 50% gains over the past week. Prominent crypto tracking service WhaleAlert recently reported the massive transfer of Dogecoins over the past 24 hours. Interestingly, these transfers involved the popular zero-fee trading app Robinhood. As per reports, anonymous whales were part of these massive transfers moving a staggering two billion DOGE while actively engaging with the investment app. The Whale Alert data also shows that there have been several huge DOGE transactions taking place over the past day. Each of these transactions involved tens of millions of Dogecoins. In total, approximately 1.87 billion DOGE, equivalent to $196.9 million in fiat currency, has been transferred. As it turns out, the anonymous crypto whales withdrew nearly 50% of the total Dogecoins moved, from Robinhood. On the other hand, a similar amount of DOGE was deposited to Robinhood after these withdrawals. This significant movement of DOGE highlights the active participation of large investors in the Dogecoin market, particularly through platforms like Robinhood. Amid the bounceback in the broader cryptocurrency market, Dogecoin (DOGE) has also participated in the rally equally. In the last 24 hours, Dogecoin price has surged by 4.5% moving all the way to $0.18. Also, the daily trading volume for DOGE has surged by 51% shooting all the way to $3.28 billion. Dogecoin Overtakes Cardano Amid the latest price surge, Dogecoin (DOGE) has jumped to the 8th spot among the top-ten crypto list while leaving Cardano behind. The market capitalization of DOGE stands at $26.05 Billion, surpassing the $24,08 billion market capitalization of Cardano’s native coin, ADA. This isn’t a new occurrence for DOGE, as it previously exceeded ADA’s market cap earlier this March. #DOGEUSDT! #cardano #ADA!
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ETH $4K Target on Track as Grayscale Asserts Confidence in ETF Approval The largest crypto asset manager, Grayscale, has voiced confidence regarding the U.S. regulator’s potential approval of its Eth exchange-traded fund (ETF) application. In a recent post on X, Grayscale expressed that it is confident in its approval, similar to how it felt when its Bitcoin spot ETF application was also under review.  “We believe the case for spot Ethereum ETFs is just as strong as it was for spot Bitcoin ETFs,” the statement read. Craig Salm, Grayscale’s Chief Legal Officer, further substantiated the confidence by pointing out recent discussions surrounding spot Ethereum ETFs. Specifically, he addressed concerns regarding the perceived “lack of SEC engagement” at this stage. Salm disclosed that in the months before the Bitcoin ETF’s approval, Grayscale and other applicants had positive engagements with the SEC and constructive conversations with it.  Together, they explored intricate aspects such as creation and redemption procedures, as well as cash versus in-kind transactions. Moreover, they ironed out details concerning Authorized Participants (APs), Liquidity Providers (LPs), custody arrangements, and other pertinent details. Essentially, Salm emphasized that all the critical issues have already been addressed and are identical when comparing spot Bitcoin to Ethereum ETFs. The only distinction lies in the asset being held by the ETF, with Ethereum replacing Bitcoin.  Consequently, Salm suggested that the SEC has already been engaged on many pertinent matters, implying that issuers have comparatively fewer aspects to engage with this time around. Furthermore, he agrees that spot Ethereum ETFs are consistent with ETH futures ETFs and should, therefore, be approved. Grayscale’s view comes amid ETH’s growth of over 5% in the last 24 hours and 13.44% over the past week, putting its price at $3,644. Considering ETH’s noteworthy recovery from the bottom of $3,030 last week, analysts like Captain Faibik have asserted that Ethereum is on track to a $4,000 price. #ETH #ETHFI $ETH
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Spartan Capital leads $10 million strategic funding round for Bitcoin DeFi developer ALEX Automated Liquidity Exchange (ALEX), the firm developing Bitcoin's finance layer, announced Tuesday it has raised $10 million in strategic funding. Spartan Capital led the round, which saw additional participation from CMS Holdings, DACM, DWF Labs, Foresight Ventures, G-20 Group, Ouroboros Capital, Summer Capital, Cultur3 Capital and EVG, among others. ALEX's board of directors remains the same following the round, a company spokesperson told The Block.  ALEX leverages Layer 2s, bridges, oracles and other infrastructure to create a Bitcoin-specific decentralized finance layer. ALEX intends to continue developing its finance layer on Stacks, a Bitcoin network Layer 2, with the fresh funding.  "The recent funding significantly empowers us to continue our journey, enhancing DeFi's accessibility and usability worldwide," said ALEX co-founders Chiente Hsu and Rachel Yu in a statement. "With this investment, we're set to grow our team, further improve our platform's UI/UX and strengthen our business development strategies. These steps are crucial for us to broaden the Bitcoin economy's reach, moving closer to our goal of widespread financial inclusion." ALEX’s total value locked is nearly $200 million, with total transaction volume exceeding $1.3 billion across 52,892 wallets, according to the firm’s website. The firm previously raised $2.5 million from Trust Machines, Gossamer Capital and others in March 2023, The Block previously reported. ALEX's Chiente Hsu, who is also the company's CEO, holds a doctorate degree in econometrics and quantitative economics and previously served as the managing director and global head of quantitative investment strategy research at Morgan Stanley. Rachel Yu was the former executive director and head of China FI sales at JP Morgan.  #BTC #BitcoinBlast #DeFi: $BTC
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Ondo Finance’s ONDO Coin Soars, Gaining Investor and Whale Attention Ondo Finance’s primary digital asset, ONDO, has experienced an exceptional growth spurt with its value rocketing by 150% within a week. The asset’s value is closely watched by investors as it approaches the $1 mark, with many speculating about its continued upward trend. Investor Interest Skyrockets The investor community around ONDO has expanded rapidly, doubling in size over the past month. The early part of 2024 saw a steady climb in this number, which accelerated sharply towards March’s end, hitting a milestone of 10,000 investors. This surge suggests an increasing trust and interest in the digital asset. Despite the bullish trend, market analysts are cautious, pointing to the steep increase in ONDO’s Market Value to Realized Value (MVRV) Ratio from 1.39 to 3.57. This indicates the market may be overheated and could see a correction. Currently, ONDO’s market price has slightly receded to $0.9403, with predictions of a potential dip to $0.84 before resuming its climb. Whales Make Their Move Data from Lookonchain, an on-chain data provider, has shown a notable uptick in large-scale transactions, especially in those related to real-world asset tokens targeted by Ondo Finance. Whales, or large-volume traders, have been actively moving substantial amounts of ONDO tokens off exchanges, signaling a bullish stance on real-world asset tokens. The combination of soaring prices, a doubling investor base, and intensified whale transactions underscores the growing confidence and interest in Ondo Finance’s offerings, particularly its flagship ONDO coin. #Ondo #ONDO/USDT
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Pepe Meme Coin’s Remarkable Price Surge Sparks Investor Interest The digital token Pepe, known for its association with internet memes, has recently seen a notable price increase that has drawn attention from the cryptocurrency investment community. This 11% jump in value has generated a buzz among those monitoring the volatile market, suggesting a potential continued upward movement for the meme-themed coin. Price Rally Indicators for Pepe Analysts have observed a strong breakout for Pepe, with prices pushing beyond a key resistance level, which could signal sustained growth. Nonetheless, the inherent unpredictability of the market warrants investor caution. Pepe’s current trajectory has sparked discussions among technical experts, suggesting that this could mark the beginning of an upward trend that might lead to significant gains. Other Meme Coins Poised to Capitalize The excitement surrounding Pepe has further implications for the meme coin market, with similar cryptocurrencies like FLOKI potentially poised for their own rallies. Pepe’s performance has been linked to the recent increase in Bitcoin‘s value, which has contributed to a bullish pattern reversal, hinting at a potential domino effect across other meme coins. As the market keeps a close watch, Pepe’s future price dynamics seem tied to Bitcoin’s momentum. Should Bitcoin continue to flourish, projections indicate Pepe’s price could climb even higher. A definitive break and close above a certain technical threshold would reinforce this optimistic scenario. Various technical indicators, such as the Relative Strength Index (RSI) and the Awesome Oscillator, show upward movement, underlining the current strength of Pepe’s ascent. Conclusively, Bitcoin’s performance will be a determining factor in whether Pepe maintains its upward price course or faces a pullback to lower support levels. #PepeIsComingBig #PEPEPotential $PEPE
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