Plus: Bitcoin’s DeFi second is lastly right here
We’re kicking off at present’s squeeze with one thing further juicy:
BitDegree’s $30K Season 7 Airdrop
is stay!
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 combination – 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 value sipping.
🤝 Starknet is unifying Bitcoin and Ethereum.
🍋 Information drops: new rip-off tactic via video calls, dealer loses $215K whereas swapping stablecoins + extra
🍍 Market taste at present
The Concern and Greed Index has upgraded from 😫😭😰 to a plain 😐
Not that massive of an improve, however nonetheless – possibly, simply possibly… issues are beginning to search for?
Properly… prolly not for altcoins.
Ethereum hit its lowest degree in opposition to Bitcoin since mid-2020 – and when ETH/BTC is sliding, alts normally battle.
However it’s not simply alts struggling – general market exercise is slowing down.
In keeping with Santiment, crypto buying and selling quantity has been falling since its excessive on February 27, when merchants have been shopping for the dip. Now, tho’, that pleasure is gone – market caps have shrunk, and buyers appear burnt out (or straight-up performed).
Right here’s how you already know the hype is de facto fading: quantity isn’t bouncing again, even when costs briefly get well. That normally means merchants don’t belief these value jumps to final, in order that they’re not shopping for in.
And with out sufficient patrons, any upward transfer can disintegrate simply as quick.
Does low quantity routinely scream “bear market”? Not essentially. However it does scream “warning.”
So till we see each value and quantity enhance collectively, the market’s going to remain on this indecisive part.
On the identical time, CryptoQuant’s Crypto Dan made an fascinating level – buyers have already misplaced a lot that there’s not an entire lot left to dump.
If there’s nothing left to dump… nicely, we could possibly be within the prime place for an upward transfer while not having extra ache first.
And, to not jinx it, however there’s another 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 point of re-enter the market once they see favorable circumstances.
However earlier than we get forward of ourselves: this doesn’t assure a rally. If general sentiment stays weak, merchants may simply be holding onto their USDT for security as an alternative of utilizing it to purchase again in.
So, TL;DR: we’re in a bizarre, cautious part – however we could be establishing for a bounce. Fingers crossed, y’all 🤞
🥝 Memecoin harvest
Think about explaining to your future children that their school fund got here from no matter these are:
Knowledge as of 08:20 AM EST.
Take a look at these memecoins and many extra right here.
Bitcoin is the king of crypto. The true badman, if you’ll.
However it’s additionally lowkey boring 🤷
I do know, I do know, the OG, the last word retailer of worth, the digital gold, yada yada yada. I get it. But additionally, 98-99% of Bitcoin simply sits there in wallets, doing completely nothing besides ready for the worth 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 could be $2+ per transaction, and when the community’s busy, it’s manner worse;
Custodial dangers → most Bitcoin-based DeFi at present is determined by centralized platforms, which means your BTC can get frozen, misplaced, or hacked.
Seeing all this, Starknet (an Ethereum Layer-2 scaling resolution) thought: “A lot wasted potential… Yo, we gotta determine a method 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 course, no exits, and no gasoline stations. Visitors strikes slowly, and all you possibly can actually do is drive straight.
Now, an execution layer is like constructing a whole metropolis round that freeway – out of the blue, you may get locations sooner, entry far more providers, and do much more with the identical street.
Here is the way it’s gonna work:
Bitcoin stays the freeway – the stable basis every little thing is constructed round (so safety stays intact);
Starknet builds the town – dealing with all the additional exercise (DeFi, good contracts).
And what’s really altering?
Bitcoin-native DeFi unlocked: staking, lending, borrowing, and self-custodial buying and selling;
Velocity enhance: Bitcoin’s 7 transactions per second (TPS) → 1000’s of TPS;
Sooner confirmations: block instances 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 every little thing 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 present, you normally must wrap it on one other community. Which means handing over your Bitcoin to a centralized entity – not precisely superb for Bitcoin’s core values.
So as an alternative, Starknet is constructing a Bitcoin-native method 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 straightforward 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 pals – they most likely don’t know. I ponder who might repair that… 😃🫵
Unfold the phrase and be the hero you already know you might be!
🍋 Information drops
🚨 Crypto founders are warning a few new rip-off. Faux buyers be part of video calls, faux they’ve audio points, and ship a “repair” that’s really malware.
🥪 A crypto dealer bought sandwiched out of over $215K whereas swapping stablecoins. MEV bots front-ran and back-ran their commerce, inflating the worth 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 studies on the place their machines are.
🚔 Argentine lawyer Gregorio Dalbon desires a world 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 transferring stolen crypto via mixers. CertiK caught them sending 400 ETH ($750K) to Twister Money at present.
🍌 Juicy memes
