Plus: Bitcoin’s DeFi second is lastly right here
We’re kicking off at this time’s squeeze with one thing further juicy:
BitDegree’s $30K Season 7 Airdrop
is reside!
Earn Bits by merely answering questions and finishing micro duties – they will determine 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 via video calls, dealer loses $215K whereas swapping stablecoins + extra
🍍 Market taste at this time
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 lookup?
Effectively… prolly not for altcoins.
Ethereum hit its lowest stage towards Bitcoin since mid-2020 – and when ETH/BTC is sliding, alts normally wrestle.
However it’s not simply alts struggling – general market exercise is slowing down.
In response to 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 finished).
Right here’s how you realize the hype is absolutely fading: quantity isn’t bouncing again, even when costs briefly get well. That normally means merchants don’t belief these value jumps to final, so that they’re not shopping for in.
And with out sufficient consumers, 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 improve 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… properly, 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 usually signifies that merchants are on the brink of re-enter the market once they see favorable situations.
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 an alternative of utilizing it to purchase again in.
So, TL;DR: we’re in a bizarre, cautious part – however we is perhaps organising for a bounce. Fingers crossed, y’all 🤞
🥝 Memecoin harvest
Think about explaining to your future children that their faculty fund got here from no matter these are:
Information as of 08:20 AM EST.
Try these memecoins and many extra right here.
Bitcoin is the king of crypto. The actual 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 in addition, 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 sensible 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 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 resolution) thought: “A lot wasted potential… Yo, we gotta work out a approach 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 complete metropolis round that freeway – all of a sudden, you will get locations quicker, entry far more providers, and do much more with the identical highway.
This is the way it’s gonna work:
Bitcoin stays the freeway – the strong basis every thing is constructed round (so safety stays intact);
Starknet builds the town – dealing with all the additional exercise (DeFi, sensible 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) → hundreds of TPS;
Sooner 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 easy.
Oh, and every 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 this time, you normally should wrap it on one other community. Meaning handing over your Bitcoin to a centralized entity – not precisely supreme for Bitcoin’s core values.
So as an alternative, Starknet is constructing a Bitcoin-native approach 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 largest ecosystems in crypto.
So yeah, that is big.
Win-win-win 🤝
Now you are within the know. However take into consideration your folks – they in all probability do not know. I’m wondering who might repair that… 😃🫵
Unfold the phrase and be the hero you realize you’re!
🍋 Information drops
🚨 Crypto founders are warning a few new rip-off. Pretend buyers be a part of video calls, fake they’ve audio points, and ship a “repair” that’s really malware.
🥪 A crypto dealer obtained 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 regulation says operators want a license, should register with the state, and file experiences on the place their machines are.
🚔 Argentine lawyer Gregorio Dalbon desires 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 transferring stolen crypto via mixers. CertiK caught them sending 400 ETH ($750K) to Twister Money at this time.
