Crypto Magazine

👀Bitcoin and Ether perpetual futures funding rates still elevated despite downturn in spot prices

📣 Defi platforms see over $5.4m in liquidations as Ethereum declines Ethereum took the most brutal hit, accounting for $4.2 million of the total liquidations. According to data from Parsec, a further threat of destabilization if ETH drops to $3,008 could trigger an additional $24 million in liquidations. On-chain derivatives exchanges such as GMX, Kwenta, and Polynomial have been at the center of these liquidations, which cumulatively triggered over $52 million in the past day alone.

💰 Velar Launches Dharma AMM to Unlock DeFi Liquidity on Bitcoin Bitcoin liquidity protocol Velar has announced the launch of Dharma, its Automated Market Maker (AMM) to bring DeFi liquidity to the Bitcoin ecosystem. Set to go live on Bitcoin L2 Stacks on March 19th, Dharma will expand the DeFi capabilities of the Bitcoin network. Two token pairs will be supported upon launch with additional tokens set to be added on consecutive days. STX-ABTC and STX-AEUSDC will initially be available for trading before being complemented by the introduction of further pairs.

📊As of last week, Bitcoin 2% market depth (denominated in USD) is up by 40% YTD, and briefly surpassed its pre-FTX average of $470mn, ending the 'Alameda gap'

💰 Solana’s Decentralized Exchange Platforms Eclipse Ethereum in Daily Trading Volume, Surpassing $2.8 Billion This week, SOL’s value has seen a significant increase, elevating its decentralized exchange (dex) platforms and propelling the layer one (L1) blockchain to a leading position in 24-hour dex trading volume. Solana’s dex platforms have amassed $2.802 billion in trade volume over the past day, outperforming Ethereum’s dex platforms, which have recorded $2.03 billion in the same timeframe.

💰 Standard Chartered: Ethereum spot ETFs could still be approved on May 23rd. If approved, Ethereum spot ETFs could generate inflows of up to $45 billion in the first 12 months.

💰 Unveiling 'Mr. 100' — The Mystery Bitcoin Wallet Linked to Upbit's Cold Storage In the last two months, the crypto community has been buzzing about a wallet affectionately named ‘Mr. 100.’ This moniker originates from its pattern of receiving 100 bitcoin deposits every few days, leading to speculation that it might belong to a wealthy individual from the Middle East. However, onchain analysts from Arkham Intelligence suspect that this wallet is actually the cold storage of Upbit, a major South Korean cryptocurrency exchange.

❗️Bitcoin - Futures Smart Money Index ( Bitcoin Futures Smart Money Index ) The largest investors in bitcoin futures are asset managers and other reportable persons. Bitcoin futures on the long positions of large investors - their short positions = Smart Money Index on bitcoin futures

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💰Bitcoin 65K Look who's buying (huge volume for a weekday) Insane volume for a Saturday

✅With bitcoin BTC and Ethereum ETH rising over the past year, Coinbase COIN has been on a roll. In Q4 2023, the company turned a profit for the first time in 2 years. Revenue grew significantly to $905 million, which is almost 50% more than the previous year.

🏦 PancakeSwap (CAKE) Launches V4 with $3M CAKE Airdrop to Enhance DeFi Ecosystem PancakeSwap, a decentralized exchange at the forefront of the DeFi sector, has announced the launch of PancakeSwap V4 along with an enticing $3 million CAKE token airdrop. This move is set to invigorate the platform's community engagement and bolster its position within the DeFi ecosystem. The airdrop campaign is aimed at both existing users and new participants, promoting the exploration of the platform's enhancements.

🏦 PancakeSwap (CAKE) Launches V4 with $3M CAKE Airdrop to Enhance DeFi Ecosystem PancakeSwap, a decentralized exchange at the forefront of the DeFi sector, has announced the launch of PancakeSwap V4 along with an enticing $3 million CAKE token airdrop. This move is set to invigorate the platform's community engagement and bolster its position within the DeFi ecosystem. The airdrop campaign is aimed at both existing users and new participants, promoting the exploration of the platform's enhancements.

🟢 Maker’s “Endgame” launch aims for 100 billion DAI to take on Tether Decentralized finance protocol MakerDAO is preparing for the launch of its highly anticipated “Endgame” transformation that will focus the platform “toward scalable resilience and sustainable user growth,” according to co-founder Rune Christensen. The ultimate goal of the Endgame is to scale the protocol’s decentralized stablecoin Dai (DAI $1.00) from its current $4.5-billion market capitalization to “100 billion and beyond,” on par with rival Tether (USDT $1.00).

JUST IN: Craig Wright is not the creator of 🥇 Bitcoin and he’s not Satoshi Nakamoto, Judge rules.

JUST IN: 🇸🇻 El Salvador President Nayib Bukele says the country transferred its Bitcoin to a cold wallet and is holding it in a physical vault within national territory.

🇺🇸 President Biden says "we have the lowest inflation rates of any country in America."😳 🤡

🌟 Ethereum's Dencun Update Arrives Today: Why It's a Game Changer 🌟 In just a few hours, the Ethereum network will undergo a significant upgrade with Dencun, an event poised to drastically reduce the costs of Layer-2 transactions. 🚀 Dubbed Dencun, this update incorporates nine Ethereum Improvement Proposals (EIPs), aimed at enhancing both the execution layer and the consensus layer for greater efficiency, scalability, and security. 💼 At the heart of the update is EIP-4844, which introduces "ephemeral data blobs," playing a crucial role in slashing fees for Layer-2 by boosting data availability. 👍 Before Dencun: 😑 - ETH: 18.75 USD - ARB: 2.02 USD - OP: 1.42 USD - BASE: 0.58 USD... After Dencun: 🙂 - ETH remains at 18.75 USD - ARB drops to 0.40 USD - OP goes down to 0.28 USD - BASE falls to just 0.01 USD This update represents a pivotal moment for Ethereum, promising a future where transactions are not only faster but also more affordable for users worldwide. 🌍 Let's dive into the Dencun era, where efficiency, scalability, and security take the forefront in the ever-evolving landscape of blockchain technology.

⚡️ Elon musk is calling US dollar 💵 a shitcoin

🥇 Bitcoin hits new ATH 73,500$