MakerDAO, the entity behind the development of the stablecoin DAI, has approved a proposal to raise the DAI Savings Rate (DSR) staking interest to 15%.
This week's data shows that the total 24-hour trading volume on DEXs reached $9 billion, with a weekly volume hitting $63.6 billion.
The strong increase in ETH price and the bustling activity in memecoin trading have continuously pushed Ethereum transaction fees upwards recently.
Around 10:30 PM on March 8, 2024, the price of Bitcoin soared to $69,990, officially setting a new all-time high (ATH) after surpassing the previous peak of $69,000 from November 2021.
The stablecoin project Ethena (USDe) generated profits by shorting ETH futures contracts and leveraging the increasing funding rates over the past two weeks.
BlackRock plans to buy spot Bitcoin ETFs issued by itself, as well as other Bitcoin ETFs for its Global Allocation Fund.
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🚀After a long wait of 2 years and 3 months, Bitcoin - the world's leading cryptocurrency, has finally broken its previous record, setting a new all-time high price of $69,990. As a result, the cryptocurrency market experienced a strong surge in prices, accompanied by a series of noteworthy events and news from various segments within the Crypto industry:
- Bitcoin hits a new ATH of $69,990 and is immediately corrected
- Inflows into Bitcoin ETFs reach nearly $650 million despite BTC's price dump from ATH
- Cross-chain bridge Wormhole announces W token airdrop
- Do Kwon successfully appeals extradition decision to the US
- Binance temporarily suspends withdrawals on the Solana network
- The amount of ETH staked on the Beacon Chain exceeds $115 billion, Ethereum burns nearly $600 million in ETH fees in the last 30 days
- Tether (USDT) supply surpasses $100 billion mark for the first time
- "Artificial intelligence" theme tokens explode due to the NVIDIA GTC AI 2024 event
- The week of memecoins: WIF hits ATH, TRUMP, memecoins on Solana
- DWF Labs invests $10 million in TokenFi, TOKEN price hits a new high
- Binance Labs announces investment in 7 incubation projects for season 6
- TVL EigenLayer surpasses $10 billion, ranking second in DeFi protocols - DeFi industry's TVL exceeds $100 billion
- Optimism continues to sell 19.5 million OP tokens to private investors
- Ethena nets $4 million for USDe treasury in just two weeks
- MakerDAO approves a proposal to raise the DSR interest rate to 15%
- MicroStrategy issues $600 million in bonds to buy more Bitcoin
- Pantera is raising funds to buy back $250 million in SOL from FTX
⭐️Above is a summary of the important events that have impacted the cryptocurrency market over the past week. Stay closely tuned to not miss any critical updates!
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🙌 A cornerstone of our collaboration is the synergy between Rabbit Wallet and Rabbit LaunchPad with DESUI. DESUI will act as a launchpad for projects affiliated with Rabbit, enabling token and NFT sales, as well as direct fundraising efforts on our platform. This partnership not only broadens the scope of Rabbit’s ecosystem but also strengthens our commitment to supporting the growth and development of Web3 projects.
🎉 Together, Rabbit and DESUI are set to drive innovation and accessibility in the Web3 space, marking a pivotal moment in our journey towards a decentralized future.
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Changpeng Zhao, the co-founder and former CEO of Binance, has recently posted a job listing for a new project named Giggle Academy. He describes it as an educational gaming platform that is completely free for everyone.
In another positive development for cryptocurrency adoption from the island nation of Singapore, Grab Singapore announced on the afternoon of March 19, 2024, that its app users can now make payments using cryptocurrencies.
On the evening of March 19, 2024, billionaire Michael Saylor's company, MicroStrategy, announced that it had spent $623 million in the past week to acquire an additional 9,245 Bitcoin (BTC) at an average purchase price of $67,382.
According to Bloomberg Japan, the Government Pension Investment Fund (GPIF) of Japan is seeking information on several illiquid assets, including Bitcoin, to potentially include them in its future investment portfolio.
The memecoin frenzy on the Solana network is stirring up the community. According to ZachXBT, over $122 million in SOL tokens have been sent by investors to 27 projects for presale purchases.
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🙌 Through our alliance with Tektias, Rabbit is redefining DeFi's potential. The Tektias Aggregator, leveraging zkSync's Layer 2 solutions, will transform lending and borrowing with lower fees and smoother transactions. This collaboration not only marks a significant achievement for Rabbit but also propels the DeFi community forward. Explore Rabbit Wallet's new features and the pioneering projects on Rabbit Launchpad, as we together foster a more accessible and dynamic DeFi landscape.
✨About Tektias: https://tektias.xyz/
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According to Fortune, the U.S. Securities and Exchange Commission (SEC) is undertaking a strong legal campaign to classify Ethereum, the second most popular cryptocurrency in the crypto market, as a security.
As anticipated by observers, the Fed has maintained the highest interest rate in 23 years at 5.25 - 5.5%.
According to The Block, TON Foundation, the organization behind The Open Network blockchain with its cryptocurrency Toncoin (TON), has announced the creation of a community reward fund valued at over $115 million. Named The Open League, this fund will be used to subsidize projects being built on the TON ecosystem, as well as users participating in testing solutions.
OKX is among the list of 9 crypto exchanges threatened by the Indian government with website blocking in December 2023 for not complying with the Anti-Money Laundering Act.
Punk #7804 was recently sold for 4,850 ETH, becoming the second most expensive transaction in the collection's history.
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✨About Quantum XAI: https://quantumxai.tech
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⭐️Above is a summary of the important events that have impacted the cryptocurrency market over the past week. Stay closely tuned to not miss any critical updates!
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The Supreme Court of Spain recently required the popular messaging app Telegram to temporarily suspend its operations in the country from March 25, 2024, following a complaint about copyright infringement.
According to Stuart Alderoty, Legal Director of Ripple, the SEC has requested a New York court to impose a $2 billion fine on Ripple Labs. Currently, this request is sealed by the court and is expected to be announced on March 26 (US time).
Automated Liquidity Exchange (ALEX), a unit developing various DeFi products on Bitcoin, announced it had successfully organized a strategic funding round, raising $10 million from several interested investment funds.
According to data from the on-chain platform Arkham Intelligence, in 2019, this address received 94,500 Bitcoin (equivalent to $6.6 billion currently). The Bitcoins there have "slept" until last weekend when they suddenly "woke up" and began splitting the assets to new addresses. Currently, the original wallet address is left with only 1.4 Bitcoin (about $99,000).
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In an interview on the American TV channel FOX Business on March 27, Larry Fink, CEO of BlackRock - the largest asset management company in the US - suggested that there is still an opportunity for Ethereum ETF proposals to be approved despite the possibility that ETH could be declared a security by the US Securities and Exchange Commission (SEC).
The blockchain research firm Messari likens memecoins to a "Trojan Horse," something that could lead to a victory in widespread adoption of cryptocurrencies.
In the early hours of March 28, Ethereum encountered another hiccup in block validation. However, the issue was quickly resolved, and the network returned to normal status.
KuCoin was unexpectedly mentioned by the US authorities on the night of March 26. The US Department of Justice (DOJ) accused the exchange and two Chinese founders of conspiring to operate an unlicensed money transfer business, violating the Bank Secrecy Act (BSA), and facilitating $9 billion in illegal transactions since 2017.
According to the verdict issued on March 27 (US time), a US court has dismissed the appeal by the cryptocurrency exchange Coinbase in the lawsuit conducted by the US Securities and Exchange Commission (SEC).
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🎉 Announcement of Winners from the Rabbit x Admeal Airdrop Campaign 🎉
We are thrilled to announce the list of winners from the Airdrop Campaign celebrating the special collaboration between Rabbit and Admeal on TaskOn. Thank you to everyone who participated and shared their enthusiasm with us!
➡ List of Winners: [Link]
🎁 Total Rewards:
🐰 50,000 RAB (Arb) evenly distributed among 50 winners
🟠 10 Admeal NFTs evenly distributed among the first 10 winners
Winners will receive their rewards in the wallet address listed on the winners' list on April 10, 2024.
➡️ Contact Admeal on Discord to receive NFTs: https://discord.gg/fgtNcr3jCt
✨ We also want to extend our heartfelt thanks to everyone who participated in this event. Your support and enthusiasm are crucial in driving Rabbit's growth stronger every day.
Continue to follow us on our social media platforms and website to not miss any exciting events in the future!
🐰 The Rabbit Team!
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🐰 About Rabbit: https://linktr.ee/rabbitdefi
We are thrilled to announce the list of winners from the Airdrop Campaign celebrating the special collaboration between Rabbit and Admeal on TaskOn. Thank you to everyone who participated and shared their enthusiasm with us!
🎁 Total Rewards:
Winners will receive their rewards in the wallet address listed on the winners' list on April 10, 2024.
✨ We also want to extend our heartfelt thanks to everyone who participated in this event. Your support and enthusiasm are crucial in driving Rabbit's growth stronger every day.
Continue to follow us on our social media platforms and website to not miss any exciting events in the future!
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Rabbit Wallet revolutionizes your DeFi journey, offering a seamless DApp navigation experience. Here's what you can expect:
🚀 Instantly connect to leading DApps: Dive into DeFi with platforms like Compound and AAVE, or discover digital collectibles on Rarible. Effortlessly bridge assets with Polygon Bridge, and trade with top-tier DEXs including SushiSwap, Curve, Uniswap, PancakeSwap, and 1inch.exchange.
🔍 Effortless DApp discovery: Locate any DApp with a simple search by name or URL.
🌟 A user-friendly interface that’s mobile-optimized: Enjoy the simplicity and efficiency of Rabbit Wallet's design, crafted for the utmost convenience on mobile devices, making it a breeze to trade and interact with DeFi services wherever you are.
Download now:
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🌟 Consolidate Your Crypto Universe: Rabbit Wallet empowers you to bring together your diverse collection of NFT assets, including ERC721, ERC1155, BEP721, and BEP1155 tokens, into one convenient location.
🔐 Unparalleled Security for Your Collections: Enjoy peace of mind knowing your treasured digital assets are securely anchored to the blockchain, tethered to your public wallet address, ensuring safety and easy accessibility.
🚀 A Portal to NFT Marketplaces: Rabbit Wallet is not just storage; it's your passport to the dynamic world of NFT trading and transfers across multiple chains. Explore, trade, and grow your collection with ease.
Dive into the future of NFT management with Rabbit Wallet. Are you ready to unlock a new dimension of digital asset exploration?
Download now:
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🙌This partnership is more than a collaboration; it's a bridge to the future of Web3 social interaction. As Rabbit and Petoshi move forward together, we invite our users to join this journey. Experience the blend of social media engagement and blockchain technology like never before. Your Rabbit Wallet is your ticket to this revolutionary adventure.
🎉Stay tuned for more updates, and let's embark on this exciting journey together. Be at the forefront of Web3 innovation, where engagement meets reward, with Rabbit and Petoshi.
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🙌The Rabbit Wallet will integrate with Laika's advanced features, including the Laika NFTs and Laika Wallet functionalities. This will provide Rabbit users with unmatched safety and fast transactions, along with a seamless gateway to the Web3 universe. And exclusive Access to Laika NFTs and Mobile Games.
By aligning with Laika, Rabbit reaffirms its commitment to fostering a robust, decentralized, and engaged community. This partnership leverages the strengths of both platforms to achieve something truly revolutionary in the blockchain space.
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🚀 Rabbit LaunchPad - The Perfect Launch Pad for DeFi Startups ⬆️
Step into the future of finance with Rabbit LaunchPad, the quintessential cross-chain platform that is redefining the bridge between groundbreaking DeFi startups and the burgeoning universe of digital currencies. At Rabbit LaunchPad, we don't just offer a platform; we offer a partnership that propels you through the ever-evolving crypto cosmos.
🍎 Revolutionizing the Digital Asset Experience
Rabbit LaunchPad is where innovation meets security, providing a cutting-edge, user-centric platform tailored for the pioneers of blockchain projects and the visionaries of investment. Our core objective is to demystify the process of launching and exchanging digital assets, employing the latest technological advancements to ensure a smooth, seamless user experience.
🔼 Elevating Your Crypto Ambitions
🤝No matter your background — a visionary entrepreneur ready to launch a blockchain enterprise, an investor eager to diversify your digital portfolio, or a newcomer intrigued by the crypto world — Rabbit LaunchPad is your beacon in the vast cryptocurrency sea. We equip you with a comprehensive toolkit designed to empower your venture into the crypto realm, guiding you through the swiftly shifting landscapes with ease and confidence.
🌟Embark on a journey with Rabbit LaunchPad, where your aspirations meet unparalleled opportunities in the next generation of cryptocurrencies. Together, let's navigate this thrilling expedition, where each step is an adventure, and every milestone a celebration of innovation and success.
🌐 Join Rabbit LaunchPad Today: Your Launchpad to the Stars of DeFi.
➡️ Visit : https://launchpad.therabbit.io/
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🐰 Information about the Rabbit : https://linktr.ee/rabbitdefi
Step into the future of finance with Rabbit LaunchPad, the quintessential cross-chain platform that is redefining the bridge between groundbreaking DeFi startups and the burgeoning universe of digital currencies. At Rabbit LaunchPad, we don't just offer a platform; we offer a partnership that propels you through the ever-evolving crypto cosmos.
Rabbit LaunchPad is where innovation meets security, providing a cutting-edge, user-centric platform tailored for the pioneers of blockchain projects and the visionaries of investment. Our core objective is to demystify the process of launching and exchanging digital assets, employing the latest technological advancements to ensure a smooth, seamless user experience.
🤝No matter your background — a visionary entrepreneur ready to launch a blockchain enterprise, an investor eager to diversify your digital portfolio, or a newcomer intrigued by the crypto world — Rabbit LaunchPad is your beacon in the vast cryptocurrency sea. We equip you with a comprehensive toolkit designed to empower your venture into the crypto realm, guiding you through the swiftly shifting landscapes with ease and confidence.
🌟Embark on a journey with Rabbit LaunchPad, where your aspirations meet unparalleled opportunities in the next generation of cryptocurrencies. Together, let's navigate this thrilling expedition, where each step is an adventure, and every milestone a celebration of innovation and success.
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