💰 Abu Dhabi’s MGX Fund Bets Big on Binance
MGX, a newly emerged investment fund from Abu Dhabi, has invested $2 billion in Binance—marking the largest institutional investment in a crypto company and the biggest-ever deal paid in stablecoins. 👀
Backed by Sheikh Tahnoun bin Zayed Al Nahyan, MGX is making waves in global tech investments, including Stargate, a U.S. government-linked project. Their ambitions are massive, and this is just the beginning. 🚀
🔗 Read more
MGX, a newly emerged investment fund from Abu Dhabi, has invested $2 billion in Binance—marking the largest institutional investment in a crypto company and the biggest-ever deal paid in stablecoins. 👀
Backed by Sheikh Tahnoun bin Zayed Al Nahyan, MGX is making waves in global tech investments, including Stargate, a U.S. government-linked project. Their ambitions are massive, and this is just the beginning. 🚀
🔗 Read more
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📊 Stablecoins Overtake Ethereum in Market Cap
The total stablecoin market cap has hit a new all-time high of $235.7B, surpassing Ethereum's market cap. Meanwhile, ETH holders face disappointment with prices stuck below $1,900. 📉
Against Bitcoin, things look even worse—ETH/BTC dropped below 0.023 for the first time since December 2020. 😬
Is Ethereum losing ground, or is this just a market cycle? 🤔
The total stablecoin market cap has hit a new all-time high of $235.7B, surpassing Ethereum's market cap. Meanwhile, ETH holders face disappointment with prices stuck below $1,900. 📉
Against Bitcoin, things look even worse—ETH/BTC dropped below 0.023 for the first time since December 2020. 😬
Is Ethereum losing ground, or is this just a market cycle? 🤔
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Crypto soothsayer
📊 Stablecoins Overtake Ethereum in Market Cap The total stablecoin market cap has hit a new all-time high of $235.7B, surpassing Ethereum's market cap. Meanwhile, ETH holders face disappointment with prices stuck below $1,900. 📉 Against Bitcoin, things…
ETH/BTC has dropped to a 5-year low, with Ethereum losing 69.66% of its BTC value over time. 📉
As the decline continues, the crypto community is already joking about a new Ethereum logo 😁.
As the decline continues, the crypto community is already joking about a new Ethereum logo 😁.
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🇹🇷 Turkey is tightening crypto regulations with new rules for exchanges and custodians.
New requirements include investing in compliance infrastructure, establishing risk management teams, and implementing price monitoring systems. 👀
Crypto providers must also adhere to strict reporting and Anti-Money Laundering (AML) standards. These regulations align with global standards like Europe’s MiCA and the US SEC. 🗒
New requirements include investing in compliance infrastructure, establishing risk management teams, and implementing price monitoring systems. 👀
Crypto providers must also adhere to strict reporting and Anti-Money Laundering (AML) standards. These regulations align with global standards like Europe’s MiCA and the US SEC. 🗒
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Crypto people on Twitter are actively discussing Bitcoin's potential growth in the near future, based on its correlation with the money supply (#M2). 📈
According to recent analysis, BTC has been following M2 with a delay of about 70 days since September 2023. 🤔
This trend suggests that Bitcoin could experience significant price movements in line with changes in the money supply. Investors are closely monitoring this pattern to predict the next moves in the market. 👀
According to recent analysis, BTC has been following M2 with a delay of about 70 days since September 2023. 🤔
This trend suggests that Bitcoin could experience significant price movements in line with changes in the money supply. Investors are closely monitoring this pattern to predict the next moves in the market. 👀
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📈 There is a significant divergence between the BTC price chart and the network’s hash rate.
Miners remain confident despite the price risks associated with market corrections.
This situation could be seen as a leading indicator for Bitcoin’s price, as substantial resources are being invested into coin production, suggesting that BTC might be undervalued. 👀
This divergence highlights miner optimism, which could signal a potential price surge once the market stabilizes. 🚀
Miners remain confident despite the price risks associated with market corrections.
This situation could be seen as a leading indicator for Bitcoin’s price, as substantial resources are being invested into coin production, suggesting that BTC might be undervalued. 👀
This divergence highlights miner optimism, which could signal a potential price surge once the market stabilizes. 🚀
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🇺🇸 Trump Family & Binance US Deal?
The Trump family is reportedly in talks to acquire a stake in Binance US, potentially through World Liberty Financial.
💬 Some speculate that a pardon for CZ could ease Binance’s return to the U.S. and help secure an EU license.
❗️ However, CZ has denied these claims, stating they are false.
The Trump family is reportedly in talks to acquire a stake in Binance US, potentially through World Liberty Financial.
💬 Some speculate that a pardon for CZ could ease Binance’s return to the U.S. and help secure an EU license.
❗️ However, CZ has denied these claims, stating they are false.
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Market in an Oversold Zone After a Strong Correction -
CryptoQuant 🚀
CryptoQuant 🚀
“Even without an additional sharp decline, the market has already been sufficiently lightened, making it a favorable zone for a potential upward move without the need for further significant drops.”
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Crypto soothsayer
💎 Lucky Solo Miner Strikes Gold! A solo miner with a home mining rig hit the jackpot last night, successfully mining block 887212 and earning 3.15 BTC (~$244,500). 🎰 The crazy part? Their mining rig runs at just 0.5 GH/s—an insanely small hashrate compared…
🧮 Infographic on Bitcoin Block Probability Based on Miner’s Hashrate
For example, on March 10, a solo miner hit the jackpot with a rig of just 0.48 TH/s. His chances? 1 in 1.6 billion – or about once every 31,240 years if mining non-stop! ⏳😱
For example, on March 10, a solo miner hit the jackpot with a rig of just 0.48 TH/s. His chances? 1 in 1.6 billion – or about once every 31,240 years if mining non-stop! ⏳😱
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Congress Moves to Lock In Trump’s Bitcoin Reserve Order 👀
📝 A new bill is set to hit the U.S. Congress, aiming to solidify Trump’s strategic Bitcoin reserve and digital asset fund, preventing future administrations from reversing it. The initiative, led by Rep. Byron Donalds, is part of the GOP’s push to end what they call the Democrats’ war on crypto. 🧐
Trump’s March 6 order transfers 200,000 BTC to the Treasury, bans their sale, and ensures the fund grows without taxpayer costs. If passed, this law could reshape crypto’s role in U.S. policy for years to come. 🚀🔥
📝 A new bill is set to hit the U.S. Congress, aiming to solidify Trump’s strategic Bitcoin reserve and digital asset fund, preventing future administrations from reversing it. The initiative, led by Rep. Byron Donalds, is part of the GOP’s push to end what they call the Democrats’ war on crypto. 🧐
Trump’s March 6 order transfers 200,000 BTC to the Treasury, bans their sale, and ensures the fund grows without taxpayer costs. If passed, this law could reshape crypto’s role in U.S. policy for years to come. 🚀🔥
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⚖️ A US bankruptcy court has allowed the liquidators of the defunct hedge fund Three Arrows Capital (3AC) to increase their claim against the collapsed crypto exchange FTX from $120 million to $1.53 billion. 💰
The liquidators initially filed the claim in June 2023, citing breach of contract and fiduciary duty, after discovering FTX held 3AC assets that were liquidated to settle $1.33 billion in liabilities in 2022. 👀
FTX had delayed sharing relevant documents, causing delays in the claim process.
Despite objections, the court ruled in favor of the liquidators, noting FTX’s failure to provide the necessary information. This move threatens FTX’s plan to compensate its users. 🤔
The liquidators initially filed the claim in June 2023, citing breach of contract and fiduciary duty, after discovering FTX held 3AC assets that were liquidated to settle $1.33 billion in liabilities in 2022. 👀
FTX had delayed sharing relevant documents, causing delays in the claim process.
Despite objections, the court ruled in favor of the liquidators, noting FTX’s failure to provide the necessary information. This move threatens FTX’s plan to compensate its users. 🤔
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Retail Bitcoin Holders Are Selling – 2020 Pattern Repeats! 📉🔥
Retail BTC holders (balances under 1 BTC) are selling off their coins, mirroring the capitulation pattern of late 2020. 👀
However, this time, they collectively hold 35% more BTC—a total of 1.75M BTC. Will history repeat itself this time? 🤔🚀
Retail BTC holders (balances under 1 BTC) are selling off their coins, mirroring the capitulation pattern of late 2020. 👀
However, this time, they collectively hold 35% more BTC—a total of 1.75M BTC. Will history repeat itself this time? 🤔🚀
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📉 Crypto & Stocks After Key Events
🔸 Jan 18: Trump launches his shitcoin— SOL hits ATH at $295 🚀
🔸 Feb 5: Trump announces 25% import tariffs—market starts sliding
🔸 Mar 7: BTC reserve approved—Bitcoin drops 10% since then.
Current drawdowns: Amazon -10.34%, BTC -13.07%, Nvidia -12.7%, Tesla -35.19%, SOL -29.84%, and ETH -42.19%. 🤷
ETH holders… stay strong. 🫡
🔸 Jan 18: Trump launches his shitcoin— SOL hits ATH at $295 🚀
🔸 Feb 5: Trump announces 25% import tariffs—market starts sliding
🔸 Mar 7: BTC reserve approved—Bitcoin drops 10% since then.
Current drawdowns: Amazon -10.34%, BTC -13.07%, Nvidia -12.7%, Tesla -35.19%, SOL -29.84%, and ETH -42.19%. 🤷
ETH holders… stay strong. 🫡
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🚀 Gemini Sets a Guinness World Record with 1,000 Drones!
Crypto exchange Gemini set a Guinness World Record by deploying 1,000 drones to create a glowing Bitcoin logo in the sky. The event, held on March 13 in Austin, Texas, celebrated the launch of a strategic crypto reserve in the U.S. 🇺🇸
Gemini, founded by the Winklevoss twins, recently had its SEC case dropped after regulatory shifts. Last summer, they donated $2M in BTC to Trump’s campaign, aiming to end Biden’s "war on crypto". 🔥
Crypto exchange Gemini set a Guinness World Record by deploying 1,000 drones to create a glowing Bitcoin logo in the sky. The event, held on March 13 in Austin, Texas, celebrated the launch of a strategic crypto reserve in the U.S. 🇺🇸
Gemini, founded by the Winklevoss twins, recently had its SEC case dropped after regulatory shifts. Last summer, they donated $2M in BTC to Trump’s campaign, aiming to end Biden’s "war on crypto". 🔥
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🚀 Did Pavel Durov leave France?
Several news channels on Twitter just reported that Pavel Durov has left France and flown to Dubai.
The market reacted instantly – TON jumped 15% 📈.
🗣 Now the question is: will this momentum continue, or is it just a local pump? 🤔
Several news channels on Twitter just reported that Pavel Durov has left France and flown to Dubai.
The market reacted instantly – TON jumped 15% 📈.
🗣 Now the question is: will this momentum continue, or is it just a local pump? 🤔
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📉 Short Sellers Retreating
CryptoQuant reports a steady decline in the cumulative volume of bearish taker orders on exchanges. 👀
This suggests that short sellers are gradually leaving the market, potentially indicating growing optimism or reduced bearish pressure. 🚫🐻
Could this be a sign of a market shift? 🤔🚀
CryptoQuant reports a steady decline in the cumulative volume of bearish taker orders on exchanges. 👀
This suggests that short sellers are gradually leaving the market, potentially indicating growing optimism or reduced bearish pressure. 🚫🐻
Could this be a sign of a market shift? 🤔🚀
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