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๐Ÿ’ผ $15 billion asset manager Bitwise publishes report titled "How Bitcoin Gets to $1 Million"

The report suggests that the global โ€œstore of valueโ€ market will be approximately $121 trillion in 10 years. Bitcoin only needs to capture 17% of this market to reach a value of $1 million per coin.

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๐Ÿ•ต๏ธ Ethereum activity is at all-time highs.

Active addresses, transfers, and smart contract calls continue to rise, surpassing 2021 levels, even as ETH price has dropped over 50%.

The reason for this discrepancy is capital outflows; network growth does not equate to price increases if liquidity is leaving. link

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๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ†• U.S. senators are seeking a compromise on stablecoin yield to advance the Clarity Act. Some lawmakers and crypto advocates support restricting rewards tied to account balances while allowing incentives linked to account activity. Senators Angela Alsobrooks and Thom Tillis are working on compromise language aimed at preventing deposit flight while preserving room for innovation. #stablecoin link

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๐Ÿ“Œ Top 5 News for 24 Hour:

1. Bitmine deposits $10.75M worth of $ETH into Coinbase. โ†’ Read full
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2. Amid global uncertainties, Pompliano advises investing in Bitcoin. โ†’ Read full
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3. Elon Musk announces early access for X Money. โ†’ Read full
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4. Whale "pension-usdt.eth" opens $CL long position. โ†’ Read full
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5. Cypherpunk Manifesto published by Eric Hughes in 1993. โ†’ Read full
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๐Ÿ“ˆ Stablecoin supply is approaching a new all-time high. Total supply now sits at ~$314B, just 1% below the $317B ATH. Since the start of February, supply is up $7B. #stablecoin

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๐Ÿ—ฃ Senator Cynthia Lummis met with new Fed Chair pick Kevin Warsh to discuss "digital assets" today. She stated, "This is vital for our nation's financial future." #macro

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๐Ÿ“Š According to Forbes, Changpeng Zhao's net worth has risen to about $110 billion, up roughly $47 billion from last year, ranking 17th on the global rich list. This increase is largely driven by a rebound in the valuation of Binance, estimated at around $100 billion, with Zhao believed to own about 90% of the company. Binance is estimated to have generated approximately $16โ€“17 billion in revenue in 2024โ€“2025, processed more than $30 trillion in annual trading volume, and held about 38% market share. link

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๐Ÿ˜ฑ๐Ÿค‘ Fear & Greed Index for #ETH
๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ•ต๏ธ Goldman Sachs is now the largest holder of XRP ETFs with $154M in holdings.

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๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ† Americans are taking hardship withdrawals from retirement accounts at a record pace, warns Vanguard.

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๐Ÿณ A whale withdrew 44,889 $ETH worth $91.76M from Kraken and moved it to 2 new wallets.

Address: 0x8E34dFb6b5aF9ae7bAF421f5C67E2ce2FA964170

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๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ”ฎ 32% of US Gen Z favor crypto, with similar interest in sports betting and prediction markets, per Northwestern Mutual reports.

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๐Ÿณ Whale 0x17c3 keeps adding to his short on oil.

He now holds 292,980 xyz:CL ($24.6M) in short positions, making him the largest oil short on-chain.

Liquidation price: $110.01. link

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๐Ÿš€ Arthur Hayes, in an interview with CoinStories, stated that if he only had $1 to invest right now, he would not choose to buy Bitcoin. He would wait for the Federal Reserve to ease monetary policy and print more money before entering the market. Hayes warned that geopolitical tensions could lead to large-scale sell-offs in both the stock and crypto markets, potentially causing Bitcoin to fall below $60,000. However, he maintains a long-term bullish outlook, predicting that Bitcoin's price will surpass $100,000 in the coming years. link

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๐Ÿ˜ฑ๐Ÿค‘ Fear & Greed Index for #BTC
๐Ÿ“Š On March 10, the total net inflow into Bitcoin spot ETFs was $251 million, with no ETF experiencing net outflows. The BlackRock ETF IBIT had the highest net inflow in a single day at $186 million. Ethereum spot ETFs recorded a total net inflow of $12.5859 million, with all nine ETFs also showing no net outflows. #etf link

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๐Ÿ•ต๏ธ A newly created wallet (3CziMF) just withdrew 2,000 $BTC ($140.08M) from Coinbase. link

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