Plus: Bitcoin’s DeFi second is lastly right here
We’re kicking off at this time’s squeeze with one thing additional juicy:
BitDegree’s $30K Season 7 Airdrop
is dwell!
Earn Bits by merely answering questions and finishing micro duties – they’re going to resolve your $$ share of the prize pool when the Season ends on April 30.
Oh, and to make it even sweeter,
Uphold’s
including an additional 1,000 USDC to the combo – however solely till March 24.
No time to waste! Soo… you in or what? 😏
GM. We’re the lemonade stand of crypto – turning bitter market strikes into one thing price sipping.
🤝 Starknet is unifying Bitcoin and Ethereum.
🍋 Information drops: new rip-off tactic by way of video calls, dealer loses $215K whereas swapping stablecoins + extra
🍍 Market taste at this time
The Worry and Greed Index has upgraded from 😫😭😰 to a plain 😐
Not that massive of an improve, however nonetheless – possibly, simply possibly… issues are beginning to lookup?
Effectively… prolly not for altcoins.
Ethereum hit its lowest degree in opposition to Bitcoin since mid-2020 – and when ETH/BTC is sliding, alts often battle.
But it surely’s not simply alts struggling – general market exercise is slowing down.
Based on Santiment, crypto buying and selling quantity has been falling since its excessive on February 27, when merchants had been shopping for the dip. Now, tho’, that pleasure is gone – market caps have shrunk, and buyers appear burnt out (or straight-up achieved).
Right here’s how you realize the hype is actually fading: quantity isn’t bouncing again, even when costs briefly get better. That often means merchants don’t belief these worth jumps to final, so that they’re not shopping for in.
And with out sufficient patrons, any upward transfer can crumble simply as quick.
Does low quantity routinely scream “bear market”? Not essentially. But it surely does scream “warning.”
So till we see each worth and quantity improve collectively, the market’s going to remain on this indecisive section.
On the identical time, CryptoQuant’s Crypto Dan made an fascinating level – buyers have already misplaced a lot that there’s not a complete lot left to dump.
If there’s nothing left to dump… effectively, we may very well be within the prime place for an upward transfer without having extra ache first.
And, to not jinx it, however there’s yet one more bullish signal: Tether’s on-chain exercise hit a 6-month excessive.
Traditionally, when stablecoin motion spikes throughout downturns, it typically signifies that merchants are on the brink of re-enter the market after they see favorable circumstances.
However earlier than we get forward of ourselves: this doesn’t assure a rally. If general sentiment stays weak, merchants would possibly simply be holding onto their USDT for security as a substitute of utilizing it to purchase again in.
So, TL;DR: we’re in a bizarre, cautious section – however we may be establishing for a bounce. Fingers crossed, y’all 🤞
🥝 Memecoin harvest
Think about explaining to your future youngsters that their faculty fund got here from no matter these are:
Knowledge as of 08:20 AM EST.
Take a look at these memecoins and lots extra right here.
Bitcoin is the king of crypto. The true badman, if you’ll.
But it surely’s additionally lowkey boring 🤷
I do know, I do know, the OG, the final word retailer of worth, the digital gold, yada yada yada. I get it. But in addition, 98-99% of Bitcoin simply sits there in wallets, doing completely nothing besides ready for the value to go up.
Why? As a result of it merely wasn’t constructed for a lot else.
No built-in good contracts → in contrast to Ethereum, Bitcoin can’t simply run DeFi apps;
Excessive transaction charges → on-chain charges might be $2+ per transaction, and when the community’s busy, it’s means worse;
Custodial dangers → most Bitcoin-based DeFi at this time will depend on centralized platforms, which means your BTC can get frozen, misplaced, or hacked.
Seeing all this, Starknet (an Ethereum Layer-2 scaling answer) thought: “A lot wasted potential… Yo, we gotta determine a technique to make Bitcoin do the cool stuff Ethereum can.”
So, they’re teaming up with BTC pockets Xverse to show Starknet into an execution layer for Bitcoin.
Think about Bitcoin as a freeway that is tremendous safe, dependable, and will get you from level A to level B. However the issue is that it solely has one lane in every route, no exits, and no fuel stations. Site visitors strikes slowly, and all you may actually do is drive straight.
Now, an execution layer is like constructing a whole metropolis round that freeway – immediately, you may get locations sooner, entry far more providers, and do much more with the identical highway.
Here is the way it’s gonna work:
Bitcoin stays the freeway – the strong basis all the pieces is constructed round (so safety stays intact);
Starknet builds the town – dealing with all the additional exercise (DeFi, good contracts).
And what’s truly altering?
Bitcoin-native DeFi unlocked: staking, lending, borrowing, and self-custodial buying and selling;
Pace increase: Bitcoin’s 7 transactions per second (TPS) → 1000’s of TPS;
Quicker confirmations: block occasions drop from 10 minutes → 2 seconds;
Cheaper charges: $2 per transaction? Hell nah, make that shizz $0.002;
No extra clunky UX: lastly, Bitcoin DeFi that feels clean.
Oh, and all the pieces is secured by zero-knowledge (ZK) tech and STARK proofs – which, for non-nerds, simply means tremendous safe, quantum-resistant, and personal transactions.
However there’s one drawback – to make use of BTC in DeFi at this time, you often should wrap it on one other community. Which means handing over your Bitcoin to a centralized entity – not precisely excellent for Bitcoin’s core values.
So as a substitute, Starknet is constructing a Bitcoin-native technique to transfer BTC onto its layer with out middlemen, with out wrapping, and with out belief points.
If Starknet pulls this off, for Bitcoiners, it means precise utility past simply HODLing.
For Ethereum customers, it means simple Bitcoin integration with out friction.
And for Starknet? They get to be the glue that connects the 2 greatest ecosystems in crypto.
So yeah, that is big.
Win-win-win 🤝
Now you are within the know. However take into consideration your mates – they most likely do not know. I’m wondering who may repair that… 😃🫵
Unfold the phrase and be the hero you realize you might be!
🍋 Information drops
🚨 Crypto founders are warning a few new rip-off. Faux buyers be part of video calls, fake they’ve audio points, and ship a “repair” that’s truly malware.
🥪 A crypto dealer bought sandwiched out of over $215K whereas swapping stablecoins. MEV bots front-ran and back-ran their commerce, inflating the value earlier than the swap and crashing it after.
👮 Nebraska’s cracking down on crypto ATMs. A brand new legislation says operators want a license, should register with the state, and file experiences on the place their machines are.
🚔 Argentine lawyer Gregorio Dalbon needs a worldwide arrest warrant for Hayden Davis, one of many minds behind the LIBRA token. It’s the token President Javier Milei endorsed earlier than it rug-pulled buyers.
🌪 North Korea’s favourite hackers – the Lazarus Group – are shifting stolen crypto by way of mixers. CertiK caught them sending 400 ETH ($750K) to Twister Money at this time.
