Plus: Bitcoin’s DeFi second is lastly right here
We’re kicking off in the present day’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 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 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 price sipping.
🤝 Starknet is unifying Bitcoin and Ethereum.
🍋 Information drops: new rip-off tactic by video calls, dealer loses $215K whereas swapping stablecoins + extra
🍍 Market taste in the present day
The Worry and Greed Index has upgraded from 😫😭😰 to a plain 😐
Not that huge of an improve, however nonetheless – perhaps, simply perhaps… issues are beginning to search for?
Properly… prolly not for altcoins.
Ethereum hit its lowest stage towards Bitcoin since mid-2020 – and when ETH/BTC is sliding, alts normally battle.
Nevertheless 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 had 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 understand the hype is actually fading: quantity isn’t bouncing again, even when costs briefly get better. That normally means merchants don’t belief these worth jumps to final, so that they’re not shopping for in.
And with out sufficient patrons, any upward transfer can disintegrate simply as quick.
Does low quantity mechanically scream “bear market”? Not essentially. Nevertheless it does scream “warning.”
So till we see each worth and quantity improve collectively, the market’s going to remain on this indecisive part.
On the identical time, CryptoQuant’s Crypto Dan made an attention-grabbing 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 implies 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 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 may be organising for a bounce. Fingers crossed, y’all 🤞
🥝 Memecoin harvest
Think about explaining to your future youngsters that their faculty fund got here from no matter these are:
Information 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.
Nevertheless 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 → not like Ethereum, Bitcoin can’t simply run DeFi apps;
Excessive transaction charges → on-chain charges might be $2+ per transaction, and when the community’s busy, it’s method worse;
Custodial dangers → most Bitcoin-based DeFi in the present day depends upon centralized platforms, which means your BTC can get frozen, misplaced, or hacked.
Seeing all this, Starknet (an Ethereum Layer-2 scaling answer) thought: “A lot wasted potential… Yo, we gotta work out a technique 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 route, no exits, and no gasoline stations. Site 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 – all of a sudden, you will get locations quicker, entry far more companies, and do much more with the identical street.
Here is the way it’s gonna work:
Bitcoin stays the freeway – the strong basis every little thing is constructed round (so safety stays intact);
Starknet builds town – dealing with all the additional exercise (DeFi, sensible contracts).
And what’s truly altering?
Bitcoin-native DeFi unlocked: staking, lending, borrowing, and self-custodial buying and selling;
Pace increase: 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 in the present day, you normally should wrap it on one other community. Which means handing over your Bitcoin to a centralized entity – not precisely perfect for Bitcoin’s core values.
So as an alternative, Starknet is constructing a Bitcoin-native technique 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 enormous.
Win-win-win 🤝
Now you are within the know. However take into consideration your pals – they in all probability don’t know. I’m wondering who might repair that… 😃🫵
Unfold the phrase and be the hero you understand you’re!
🍋 Information drops
🚨 Crypto founders are warning a couple of new rip-off. Faux buyers be part of video calls, faux they’ve audio points, and ship a “repair” that’s truly 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 reviews 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 shifting stolen crypto by mixers. CertiK caught them sending 400 ETH ($750K) to Twister Money in the present day.
