Crypto Market Daily Review ☀️
The market is growing. Market cap is $2.54T. Bitcoin is trading at $67.4K
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MicroStrategy proposes $600 million convertible note offering.
The company said it would use “to acquire additional bitcoin and for general corporate purposes.”
https://www.theblock.co/post/280491/microstrategys-shares-surge-over-23-as-bitcoin-portfolio-exceeds-13-billion
MicroStrategy is up 23% due to BTC growth.
The company's Market Cap is $20.016B.
https://finance.yahoo.com/quote/MSTR/
🔥Bitcoin has reached $68.6K.
BTC is now trading at $68.2K.
Market Cap: $1.34T
https://dropstab.com/coins/bitcoin
Tether has introduced a recovery tool that can transfer USDT between blockchains in case of any failures.
https://tether.to/en/safeguarding-tether-tokens-a-comprehensive-approach-to-blockchain-resilience-and-user-protection/
Justin Sun announced the upcoming launch of Inscription, a TRON-based marketplace.
He also added: “BTT soon...”
https://twitter.com/justinsuntron/status/1764587551887708443
🔥Bitcoin has reached $65K.
BTC is now trading at $65.2K.
https://dropstab.com/coins/bitcoin
Crypto Market Daily Review ☀️
The market is growing. Market cap is $2.41T. Bitcoin is trading at $63.6K
dropstab | icodrops | twitter | telegram
Taiko, a decentralized, Ethereum-equivalent ZK-Rollup, has successfully raised $37 million across three funding rounds ahead of its mainnet launch this year.
Its most recent $15 million Series A was led by Lightspeed Faction, Hashed, Generative Ventures, and Token Bay Capital, with participation from Wintermute Ventures, Presto Labs, Flow Traders, Amber Group, OKX Ventures, GSR, WW Ventures, and more.
https://taiko.mirror.xyz/eWR2xKM_9yPf6FAJmqRqAHdyej95pBUdNJjHR-1_E50
Grayscale spot Bitcoin ETF banner being hung up on Wall Street.
https://x.com/bitcoinmagazine/status/1763583947928109331
MultiversX announces xExchange V3.0 is now available on testnet.
https://x.com/xExchangeApp/status/1763579184100552870
Binance has listed Axelar (AXL).
AXL is now trading at $2.3.
Market Cap: 1.48B
FDV: 2.89B
Axelar is an interoperability infrastructure connecting all types of blockchains, assets and apps.
https://www.binance.com/en/trade/AXL_USDT
Blast integrated Blast L2 on its platform.
https://twitter.com/BlastAPI/status/1763318644065378643
Blast is also one of the winners of its grant competition.
https://blastpublic.notion.site/Big-Bang-Winners-1f0a437a78794c34a74352b1b1351c86
Mnet (BitCountry) has had a TGE.
Tokens from the ICO will be available on 29 March.
https://twitter.com/BitDotCountry/status/1763109437798072610
BlackRock filed with the SEC for its Strategic Income Opportunities Portfolio.
https://twitter.com/Scaramucci/status/1764769628616634762
https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/1738078/000119312524057885/d718346d497.htm
The SEC delayed making a decision and asked for public comment for two proposed spot Ethereum ETFs from Fidelity and BlackRock.
https://www.theblock.co/post/280513/sec-delays-decision-on-blackrocks-spot-ethereum-etf-proposal-seeks-public-feedback
$435,54M worth of positions liquidated in 24 hours.
https://www.coinglass.com/LiquidationData
Liquid restaking protocol Ether.Fi said it will commit $600 million worth of ether (ETH) in a delegation deal to secure the Omni Network.
https://www.coindesk.com/business/2024/03/04/omni-network-signs-600m-restaking-deal-with-etherfi-to-enhance-security/
🔥Bitcoin has reached $66.3K.
BTC is now trading at $66.2K.
https://dropstab.com/coins/bitcoin
Tether’s USDT stablecoin hits historic $100B market cap.
https://cointelegraph.com/news/stablecoin-tether-usdt-100-billion-market-cap
Friend.tech investors agreed to give up their right to sell tokens to users.
It is also reported that the platform will have a currency that will be controlled by users.
https://twitter.com/friendtech/status/1764395305225650514
Tether minted $1 billion USDT.
https://etherscan.io/tx/0x923fd8148ba2492b3c806b4867910ec0d0c5bd6c790378b2d7385b542051df1c
Andrew Kang: “We are going to reach some serious levels of mental retardation for memecoins this cycle.
Think of the Memecoin ecosystem as essentially a Skill-based Global Lottery Platform. Players get to decide which lottery brand they want to buy tickets in, but the payouts and odds aren't the same. That's where the skill comes in - the jackpot winners don't come from pure luck, but ability and everyone believes that they can find the next winner. And the more people that they get to buy the same tickets at them, the more likely they and their friends win - that's the best feeling - winning together. It's a mullti player money game with virality built in.
Study the scale of the traditional global lottery industry. It generated $300 billion in sales in 2020 - with half the population of the US playing. Now imagine the valuations of memecoins if a capital injection of that scale were to flow into them.
Last cycle was actually the test pump for memecoins - kind of like bitcoin's test run to $100-1000. This time we get the real pump after there's been a cycle proving their product market fit, how they've changed lives and increasing global acceptance.
I believe that memecoins are going to outperform everything else in crypto by a wide margin. The masses won't care about the 4th liquid restaking derivative or whatever fancy new technology that results in some benefit in throughput. They won't fall for the 10000th DeFi farm which even retail know are self referential ponzi like house of cards. Memecoins are just a much more pure and upfront speculative vehicle. Those that are overweight DeFi/L1s are at massive underperformance risk. Could very well see ETH moving 50% from here while memecoins return 5-100x in size.
This cycle, we will see a new generation of new money memecoin elites being minted just like many of the old guard/whales were minted with BTC, ETH, SOL”.
https://x.com/rewkang/status/1764069999507800282
💧Top Funding Rounds this Week
👉 https://dropstab.com/insights/latest-fundraising-rounds
Plan B: „Accumulation phase has ended: no more easy buying opportunities in orderly and slowly increasing markets.
Bull market has started. If history is any guide, we will see ~10 months of face melting fomo: extreme price pumps combined with multiple -30% drops. Enjoy!“
https://x.com/100trillionusd/status/1763547197126156519
💧Current state of the market in our weekly overview
dropstab | icodrops | twitter | telegram
At $62,000 per Bitcoin, Satoshi Nakamoto is now the 23rd wealthiest person in the world.
https://x.com/pete_rizzo_/status/1763255068902539444
In a letter to investors, 1confirmation discusses the recent rise in BTC and ETH prices, which is attributed to an increase in the number of exchange-traded funds (ETFs) investing in cryptocurrencies.
https://twitter.com/NTmoney/status/1762994981344850180
Binance will list Axelar (AXL) at 2024-03-01 11:30 UTC.
Axelar is an interoperability infrastructure connecting all types of blockchains, assets and apps.
https://www.binance.com/en/support/announcement/binance-will-list-axelar-axl-with-seed-tag-applied-2eb66d061d214c31a096cff35ede9360