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🚀Buckle up, BTC enthusiasts! Polkadot is making waves in the crypto world with a record-breaking number of active addresses on its blockchain! 🎉 According to Parity Data, Polkadot has amassed over 605,200 active addresses. 📈 Moonbeam, the cross-chain smart contract platform, takes the lead with around 248,000 addresses. Following closely are 191,000 addresses directly established on Polkadot. 🌕 The decentralized IoT network 'Nodle' comes next with 66,063 active addresses, trailed by Polkadot's top parachain protocol Astar, and decentralized liquid staking protocol Bifrost with 24,262 and 16,907, respectively. 🌐 Polkadot's tweet on the milestone reads, "Activity continues to grow in the Polkadot ecosystem... Polkadot is about flexibility without compromising on resilience." 🐦 Moreover, the number of unique accounts holding non-zero balances is on the rise, surpassing 5.59 million by the end of March. However, total transactions on the network remain relatively subdued. 📊 In other news, Polkadot's native DOT token is on a modest recovery, up by nearly 5% in the past 24 hours. Palo Alto venture capital firm Electric Capital even named DOT as a crypto to watch in the upcoming cycle. Keep your eyes peeled, folks! 👀🚀

🚀Buckle up, BTC enthusiasts! Polkadot is making waves in the crypto world with a record-breaking number of active addresses on its blockchain! 🎉 According to Parity Data, Polkadot has amassed over 605,200 active addresses. 📈

Moonbeam, the cross-chain smart contract platform, takes the lead with around 248,000 addresses. Following closely are 191,000 addresses directly established on Polkadot. 🌕

The decentralized IoT network 'Nodle' comes next with 66,063 active addresses, trailed by Polkadot's top parachain protocol Astar, and decentralized liquid staking protocol Bifrost with 24,262 and 16,907, respectively. 🌐

Polkadot's tweet on the milestone reads, "Activity continues to grow in the Polkadot ecosystem... Polkadot is about flexibility without compromising on resilience." 🐦

Moreover, the number of unique accounts holding non-zero balances is on the rise, surpassing 5.59 million by the end of March. However, total transactions on the network remain relatively subdued. 📊

In other news, Polkadot's native DOT token is on a modest recovery, up by nearly 5% in the past 24 hours. Palo Alto venture capital firm Electric Capital even named DOT as a crypto to watch in the upcoming cycle. Keep your eyes peeled, folks! 👀🚀

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🚨Crypto enthusiasts, heads up!🚨 Our crypto detective, ZachXBT, has sniffed out a group of scammers who've been making a killing with rug pull scams. These bad boys have a history of stealing from projects like Magnate, Kokomo, Lendora, and Solfire, and they're back with a new scheme on Blast, Leaper Finance. 💰💰💰 Their modus operandi? Letting the Total Value Locked (TVL) grow to 7 figures before swiping all user funds and falsifying KYC documents. They've also been spreading their net wide, launching scams on Base, Solana, Scroll, Optimism, Arbitrum, Ethereum, and Avalanche. 🌐 ZachXBT has connected them to scams involving Hash DAO, Glori Finance, and ZebraDAO, with total losses exceeding $20 million. 😱 In a recent post, he warned users to withdraw their assets immediately if they had funds deposited in ZebraDAO. In their latest scam, they've resurfaced with a new scheme involving Blast’s Leaper Finance. They reportedly injected nearly $1 million, acquired from previous scams, into a Leaper Finance address on the Blast network, boosting liquidity to lure unsuspecting victims. 🎣 Following the exposure of Leaper Finance’s ties to the scams, the group responded to ZachXBT, taunting him while revealing a ‘token launch.’ They've since deactivated Leaper Finance and Glori Finance X accounts, and the associated websites have been taken offline. In the first two months of 2024 alone, more than $200 million in cryptocurrencies have been lost due to hacks and rug pulls across 32 separate incidents. That's a 15.4% rise compared to the same period in 2023. Stay vigilant, folks! 🕵️‍♂️🔍
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🚀🚀 Bitcoin enthusiasts, buckle up! Despite the recent recovery from a weekend dip to $61,000, BTC's price might be headed for another correction, says CryptoQuant analysts. 📉📉 The bullish market sentiment seems to be overheating, according to a community "quicktake" by Bitcoin and Ethereum trader GAAH. The average 30-day funding rates for Bitcoin are still high, even after the recent price drop. 🌡️🌡️ These rates are similar to those during Bitcoin's 2021 all-time high, which now serves as the digital currency's "greatest resistance ever." GAAH notes, "The price is in a defined channel with around 20% expansion/retraction, an ideal scenario for large players to set up large positions." 📈📈 The last time Bitcoin funding rates were in a similarly bearish position was in late 2022, when Bitcoin's price was just 25% of what it is today. Since then, BTC has seen multiple brief corrections of around 20%, but hasn't seen a funding premium like today. 📊📊 The rapid rise of Bitcoin has encouraged many retail investors to start pocketing profits. The Spent Output Profit Ratio (SOPR) for short-term holders reached "extreme greed" levels in March and has only now moved towards a more neutral position. 🤑🤑 James Check, lead Glassnode analyst, says the SOPR's recent drop below a 1.0 ratio is a healthy sign for bulls. He suggests that the market needs to shake out its weak hands before moving higher. "SOPR is a metric that benefits contrarians," he advises. "Watch the retest of 1.0, it needs to break above, not find resistance." 🐂🐂 The weekend's Bitcoin crash triggered $700 million in liquidations within 24 hours, possibly due to escalating geopolitical tensions between Iran and Israel. So, keep your eyes peeled, Bitcoiners! 🧐🧐
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