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☀Crypto in the last 24 hours: 1. Coinbase will allow Futures trading with $FTM and RUNE starting on March 28. 2. Vitalik introduced the concept of "Rainbow Staking" for $ETH at the Ethereum event in Taipei - related to the SSV project. 3. Memecoins continue to attract major projects as CHZ and BAKE prepare to launch meme coins PEPPER and PUMP. 4. Google plans to integrate Ethereum Name Service (ENS) domains into search. 5. $YGG announced an airdrop for RON stakers. Those interested in GameFi can buy RON to receive future airdrops.
☀Crypto in the last 24 hours:
1. Coinbase will allow Futures trading with $FTM and RUNE starting on March 28.
2. Vitalik introduced the concept of "Rainbow Staking" for $ETH at the Ethereum event in Taipei - related to the SSV project.
3. Memecoins continue to attract major projects as CHZ and BAKE prepare to launch meme coins PEPPER and PUMP.
4. Google plans to integrate Ethereum Name Service (ENS) domains into search.
5. $YGG announced an airdrop for RON stakers. Those interested in GameFi can buy RON to receive future airdrops.
🚀Bitcoin Halving: Ready for Price Surge! âžĄïžWith nearly 89% of the total 21 million Bitcoins mined, the market is on the brink of a significant turning point. BTC is expected to undergo its 4th Halving around April 2024, after block 840,000 is mined. âžĄïžWith over 19 million $BTC in circulation and only 900 new BTC added daily, each Halving event further reduces the mining rewards, increasing scarcity. Historically, Bitcoin prices have surged significantly after each Halving.
🚀Bitcoin Halving: Ready for Price Surge!
âžĄïžWith nearly 89% of the total 21 million Bitcoins mined, the market is on the brink of a significant turning point. BTC is expected to undergo its 4th Halving around April 2024, after block 840,000 is mined.
âžĄïžWith over 19 million $BTC in circulation and only 900 new BTC added daily, each Halving event further reduces the mining rewards, increasing scarcity. Historically, Bitcoin prices have surged significantly after each Halving.
Some important events for JUP DAO in the upcoming week: Launching a fund for the Core Working Group. 100 million $JUP and 10 million USDC will be transferred to JUP DAO to support DAO operations, with 10 million USDC from platform revenue and 100 million JUP from community allocation. Initiating discussions on the grant program, where grants will be used for individuals/organizations willing to contribute to the development of Jupiverse. Jupiter will seek feedback and engage in community discussions on this matter before formalizing it.
Some important events for JUP DAO in the upcoming week:
Launching a fund for the Core Working Group.
100 million $JUP and 10 million USDC will be transferred to JUP DAO to support DAO operations, with 10 million USDC from platform revenue and 100 million JUP from community allocation.
Initiating discussions on the grant program, where grants will be used for individuals/organizations willing to contribute to the development of Jupiverse. Jupiter will seek feedback and engage in community discussions on this matter before formalizing it.
💣Update on $AVAX for you all: 🧹Avalanche is collaborating with China's largest payment application, Alipay+, to introduce an e-wallet and voucher program for web3. The Avalanche sub-network, built and managed by AvaCloud, is providing support for this program and is gradually expanding to reach 100 million users from the Philippines, Singapore, Malaysia, and Thailand. The current market is adjusting, with a significant movement towards DEFI. Despite Bitcoin's price correction of nearly $12k throughout the week, attention remains focused on meme launch caps ranging from hundreds of millions to billions of dollars on Solana. It is possible that next month or early April, the market will regain its momentum - stay optimistic, everyone. 🌟Don't forget, tomorrow morning (3/21), the FED will hold its second interest rate meeting in Q1/2024, so the market may experience significant fluctuations.
💣Update on $AVAX for you all:
🧹Avalanche is collaborating with China's largest payment application, Alipay+, to introduce an e-wallet and voucher program for web3. The Avalanche sub-network, built and managed by AvaCloud, is providing support for this program and is gradually expanding to reach 100 million users from the Philippines, Singapore, Malaysia, and Thailand.
The current market is adjusting, with a significant movement towards DEFI. Despite Bitcoin's price correction of nearly $12k throughout the week, attention remains focused on meme launch caps ranging from hundreds of millions to billions of dollars on Solana. It is possible that next month or early April, the market will regain its momentum - stay optimistic, everyone.
🌟Don't forget, tomorrow morning (3/21), the FED will hold its second interest rate meeting in Q1/2024, so the market may experience significant fluctuations.
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Bullish
Experiencing this market cycle will make one understand that no wave is easy to ride. In 2020, excluding the Black Swan event, $SOL went from 5 to 1 by the end of the year, then to 250. In 2021, the fiery $NEAR hit 7 and then dropped to 1.5 by May, followed by 20. As for 2022, let's not forget about LUNA. FTX is more than enough. Moving on to 2023, after the beginning of the year, FET dropped from 0.6 to 0.15, $SUI from 1.5 to 0.3x, and everyone knows what happened in 2024. In 2024, there hasn't been any significant altcoin dump yet, the market remains the same. Playing the altcoin game is very challenging; one needs to choose the right coin at the right time with sufficient liquidity. The most concerning issue here is the liquidity in the second quarter. If it's only one-third of the first quarter, then the halving or thirding of altcoins becomes understandable.
Experiencing this market cycle will make one understand that no wave is easy to ride.
In 2020, excluding the Black Swan event, $SOL went from 5 to 1 by the end of the year, then to 250.
In 2021, the fiery $NEAR hit 7 and then dropped to 1.5 by May, followed by 20.
As for 2022, let's not forget about LUNA. FTX is more than enough.
Moving on to 2023, after the beginning of the year, FET dropped from 0.6 to 0.15, $SUI from 1.5 to 0.3x, and everyone knows what happened in 2024.
In 2024, there hasn't been any significant altcoin dump yet, the market remains the same. Playing the altcoin game is very challenging; one needs to choose the right coin at the right time with sufficient liquidity.
The most concerning issue here is the liquidity in the second quarter. If it's only one-third of the first quarter, then the halving or thirding of altcoins becomes understandable.
BlackRock is preparing to launch a tokenized fund. BlackRock has submitted a Form D (notice of securities offering) to the SEC regarding its digital asset fund. Additionally, a token named BUIDL (BlackRock USD Institutional Digital Liquidity Fund) was created on Ethereum on 5/3 with a total of 100 tokens. Activities on the BUIDL wallet show transfers, approvals, and redemptions of BUIDL tokens to USDC. BlackRock's spot bitcoin ETF currently holds around 15.5 billion USD worth of BTC. The company manages over 9 trillion USD in assets.
BlackRock is preparing to launch a tokenized fund.
BlackRock has submitted a Form D (notice of securities offering) to the SEC regarding its digital asset fund.
Additionally, a token named BUIDL (BlackRock USD Institutional Digital Liquidity Fund) was created on Ethereum on 5/3 with a total of 100 tokens. Activities on the BUIDL wallet show transfers, approvals, and redemptions of BUIDL tokens to USDC.
BlackRock's spot bitcoin ETF currently holds around 15.5 billion USD worth of BTC. The company manages over 9 trillion USD in assets.
Since October 2023, buying $SOL X20 $AVAX x8 $NEAR X8 has yielded greater profits than purchasing OP x3 ARB X2 APT X2 SUI X4. The old coins still retain something distinctive.
Since October 2023, buying $SOL X20 $AVAX x8 $NEAR X8 has yielded greater profits than purchasing OP x3 ARB X2 APT X2 SUI X4. The old coins still retain something distinctive.
🚀 President of El Salvador Nayib Bukele has declared that the country will buy 1 Bitcoin every day until Bitcoin can no longer be purchased with fiat currency. During the downtrend, you called me crazy, now during the uptrend, you call me a visionary president. It is said that the total amount of Bitcoin Bukele has purchased has now doubled.
🚀 President of El Salvador Nayib Bukele has declared that the country will buy 1 Bitcoin every day until Bitcoin can no longer be purchased with fiat currency.
During the downtrend, you called me crazy, now during the uptrend, you call me a visionary president. It is said that the total amount of Bitcoin Bukele has purchased has now doubled.
Upcoming Major Events to Watch Out For! - Nvidia's AI Conference on March 18-21 - Many gamefi projects with significant updates in March - BTC halving around April 15-16 - Several AI and Depin projects launching in Q2 - Alt layer mainnet in Q2 - First ETF deadline on May 23 - Eigen layer mainnet around Q2-Q3/2024 In general, temporarily overlook short-term fluctuations to hold. Don't let the market scare you into selling! There will be a strong flow of money from $BTC and $ETH to altcoins, whether it will dip or not is the million-dollar question! If there's a significant dip, use your reserve funds to buy the dip gradually!
Upcoming Major Events to Watch Out For!
- Nvidia's AI Conference on March 18-21
- Many gamefi projects with significant updates in March
- BTC halving around April 15-16
- Several AI and Depin projects launching in Q2
- Alt layer mainnet in Q2
- First ETF deadline on May 23
- Eigen layer mainnet around Q2-Q3/2024
In general, temporarily overlook short-term fluctuations to hold.
Don't let the market scare you into selling!
There will be a strong flow of money from $BTC and $ETH to altcoins, whether it will dip or not is the million-dollar question!
If there's a significant dip, use your reserve funds to buy the dip gradually!
🌟GlassNode data shows that BTC reaching a new ATH above 73000 has generated significant profits for long-term BTC holders and profit-taking from short-term $BTC holders. This is why the market needs a correction at this time. 💾Specifically, 660k$ of Bitcoin's long-term investor supply has decreased, while short-term BTC investors have made profits of nearly 810k$ BTC when BTC hit a new ATH. For those holding spot positions until the Bull run, consider holding onto your coins, and for those trading, tighten your stop-loss orders.
🌟GlassNode data shows that BTC reaching a new ATH above 73000 has generated significant profits for long-term BTC holders and profit-taking from short-term $BTC holders. This is why the market needs a correction at this time.
💾Specifically, 660k$ of Bitcoin's long-term investor supply has decreased, while short-term BTC investors have made profits of nearly 810k$ BTC when BTC hit a new ATH. For those holding spot positions until the Bull run, consider holding onto your coins, and for those trading, tighten your stop-loss orders.
NFPrompt (#NFP ) under attack 👉A portion of the ecosystem fund and $NFP treasury was compromised by hackers. 👉To address this, the project has transferred all ownership rights of the smart contract NFP to a new address NFP and user assets remain secure. 👉The FBI has intervened to apprehend the hackers 👉CEXs have been contacted to freeze the illicit assets. 👉DEXs and users are urged to temporarily halt all liquidity-related activities involving the NFP 👉Users should only trade $NFP has dropped more than 15% following the negative news.
NFPrompt (#NFP ) under attack
👉A portion of the ecosystem fund and $NFP treasury was compromised by hackers.
👉To address this, the project has transferred all ownership rights of the smart contract NFP to a new address NFP and user assets remain secure.
👉The FBI has intervened to apprehend the hackers
👉CEXs have been contacted to freeze the illicit assets.
👉DEXs and users are urged to temporarily halt all liquidity-related activities involving the NFP
👉Users should only trade $NFP has dropped more than 15% following the negative news.
📱 #ETH✅ Dencun successfully completed its official upgrade 👌 Let me simplify for those who are new and may not understand easily. This update not only reduces transaction fees and supports Altcoin Layer 2 on the ETH ecosystem but also SLOWS DOWN THE GROWTH SPEED OF ETH STAKING. âšĄïž The speed of ETH Staking is reduced, similar to the increased difficulty of Bitcoin. 👉 Reducing the supply is a prerequisite for increasing value 👌 It's as simple as that, mates.
📱 #ETH✅ Dencun successfully completed its official upgrade 👌
Let me simplify for those who are new and may not understand easily.
This update not only reduces transaction fees and supports Altcoin Layer 2 on the ETH ecosystem but also SLOWS DOWN THE GROWTH SPEED OF ETH STAKING.
âšĄïž The speed of ETH Staking is reduced, similar to the increased difficulty of Bitcoin.
👉 Reducing the supply is a prerequisite for increasing value 👌 It's as simple as that, mates.
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