Bitcoin took a little tumble, dropping from $87,241 to $81,331. But fear not, crypto enthusiasts! š While the S&P 500 is feeling the blues, Bitcoin is flexing its muscles with a record-high mining hashrate and a 6-year low in exchange reserves.
Long-term investors are holding strong, and even MARA Holdings is eyeing a $2 billion stock sale to boost its BTC stash. Meanwhile, crypto exchanges are running low on coins, hinting at a HODL wave.
Is Bitcoin the new "digital gold"? Share your thoughts in the comments! š¬
*Disclaimer: Not financial advice, just some crypto fun!*
Bitcoin's been on a rollercoaster, dropping from $87K to $81K, but don't panic just yet! š Despite the dip, Bitcoin's mining power hit an all-time high, showing miners aren't sweating it. Meanwhile, crypto exchanges are running low on BTC, hinting that investors are hodling tight.
Even as the S&P 500 wobbles, Bitcoin's narrative as "digital gold" is getting a fresh look. With institutional investors keeping faith and companies like MARA Holdings eyeing expansion, Bitcoin's long-term prospects seem as solid as ever. Keep calm and hodl on!
š Despite the crypto market's rollercoaster ride, venture capitalists are still throwing cash at blockchain startups like it's a crypto carnival! March saw a flurry of eight-figure deals, with Across Protocol scoring $41M to boost Ethereum connectivity. Meanwhile, Crossmint bagged $23.6M to make Web3 onboarding a breeze, and Abound snagged $14M to bridge remittance gaps. Chronicle, Level USD, Halliday, Validation Cloud, and Skytale Digital also joined the funding fiesta. Who said the crypto party was over? š
š Exciting times in the Bitcoin world! Hut 8 Corp. has just unveiled American Bitcoin Corp, a fresh venture aimed at industrial-scale Bitcoin mining. With backing from notable figures like Eric Trump and Donald Trump Jr., this new subsidiary is set to make waves in the crypto space. š
Hut 8 is contributing nearly all its ASIC miners to American Data Centers, Inc., securing a majority stake and rebranding as American Bitcoin. The goal? To become the largest and most efficient Bitcoin miner globally while building a strategic Bitcoin reserve. š
With Hut 8 as its exclusive infrastructure partner, American Bitcoin is poised for steady growth and innovation. Bitcoin enthusiasts, keep your eyes on this one! š
**Crypto VC Funding Surges in March**
Despite market jitters, venture capital funding in the blockchain sector thrived in March. Notably, Across Protocol raised $41M for its Ethereum crosschain platform, with backing from Paradigm and Coinbase Ventures. Crossmint secured $23.6M to enhance Web3 onboarding tech, led by Ribbit Capital. Abound, a remittance app, garnered $14M from Near Foundation and Circle Ventures. Chronicle raised $12M for its Ethereum Oracle services, while Halliday and Validation Cloud closed $20M and $15M rounds, respectively, to boost blockchain development tools. Skytale Digital launched a $20M Polkadot Ecosystem Fund.
Bitcoin's price took a hit, dropping from $87,241 to $81,331 in late March, wiping out gains from earlier weeks. This 6.8% dip led to $230 million in liquidated bullish futures positions, mirroring the S&P 500's downturn. Despite the price struggle, four indicators suggest strong investor confidence and potential Bitcoin independence from traditional markets.
Gold surged to a record high, while the US dollar weakened. Bitcoin's mining hashrate hit an all-time high, showing miner resilience. Exchange reserves dropped to a 6-year low, hinting at long-term holding. Investors remain confident, buoyed by corporate adoption and stable ETF flows.
CZ orders no further transfers and sends millions of tokens to burn address
From his address, Binance founder CZ has burnt tokens valued millions of dollars.
Already delivered to a burn address are TUT and Broccoli coins valued over $3.5 million.
Changpeng Zhao (CZ), the founder of Binance, acknowledged via X on Monday that he had moved numerous very valuable tokens from his account to a burn address, a kind of wallet used to permanently eliminate assets from circulation.
Based on CZ's post, the value of the tokens moved fell between six and seven digits. Although certain artificial intelligence systems exist to automatically remove this kind of token, he pointed out they have not been thoroughly security tested. CZ indicated he will do the remaining transactions at another point.
CZ penned, "Sent a few high-value tokens (6 or 7 figures) on my address to a burn address," adding a request: "Please do not send more tokens to the address expecting an interaction."
On-chain information reveals the burn included:
TUT at $1.95 million
$1.1 million in Broccoli (caAb)
Broccoli (6714) at $546,000
Token distribution to a burn address efficiently eliminates them from circulation, therefore limiting overall supply. In crypto tokenomics, this is a standard technique to modify supply and maybe affect price.
Two of the most prominent meme tokens the BNB Chain has seen recently are "Broccoli" and "T Tutorial," (TUT).
Rising in popularity with a larger memecoin trend connected to Binance founder Changpeng Zhao (CZ) and his public interaction with the ecosystem were these currencies.
After CZ mentioned his dog Broccoli, which led to the release of multiple unrelated tokens under the same name, community conjecture helped the Broccoli coins gain traction.
Born out of a popular instructional video demonstrating how to produce and use a token on BND Chain, TUT, or "T Tutorial," debuted early in 2025.
#CZ #CZBurn #BSCTradingTips #BSCUserExperiences #TUT $TUT $BROCCOLI714 @CZ
š People on Twitter are summing up the first two months of Trump's presidency:
- Tesla stock: $10,000 invested during inauguration week dropped to $5,208 in early March and is now worth $6,278.
- Bitcoin: a $10,000 investment today would be worth $7,981.
- Ethereum: $10,000 invested has dropped to $5,285.
- Gold was the only asset that showed growth ā the same $10,000 in January is now worth $11,531.
#BSCTradingTips
š° Crypto Recap ā March 31, 2025
1ļøā£ Stablecoin Clarity Before Crypto Taxes
Experts say the U.S. must regulate stablecoins and crypto banking before reforming tax lawsāespecially with Trump-backed proposals gaining momentum.
2ļøā£ MARA Plans $2B Raise to Buy More BTC
Bitcoin miner MARA Holdings is going all ināraising $2B through a stock offering to stack more Bitcoin.
3ļøā£ Binance Connects CEX to DEX
Binance just launched seamless trading between its centralized and decentralized platformsāno bridges needed. Big move for safer, smoother crypto swaps.
4ļøā£ California Pushes āBitcoin Rightsā
New bill protects self-custody and crypto access for 40M residents. If it passes, it could set the tone for the entire U.S.
5ļøā£ Trump Family Bets on Bitcoin Mining
The Trump family has invested in a BTC mining firmāwith ambitions to make it the worldās biggest.
6ļøā£ Saylorās STRATEGY Buys $1.92B in BTC
Michael Saylor does it againāmassive buy confirms his bullish stance as Strategy expands its Bitcoin stack.
7ļøā£ Iberdrola Powers Up Texas with Solar
New 321 MW solar park in Texas will help power Metaās data centersāand could boost green Bitcoin mining.
8ļøā£ TruBit x Clapper: Cross-Border Payments
New partnership enables faster, cheaper crypto payments between the U.S. and LATAMāgreat news for creators.
9ļøā£ Ripple vs. SEC Nears End, but Doubts Grow
Legal resolution may come in 15 daysābut Polymarket odds of a new XRP ATH before mid-2025 fell from 90% to 4%.
š Gunzilla Launches on Binance
Fresh from Binance Launchpool, Gunzilla is officially listedāanother leap for GameFi and Web3 gaming.
1ļøā£1ļøā£ Japan Moves Toward Crypto Regulation
Japan may classify crypto under traditional finance law to fight insider tradingāa big shift in oversight.
1ļøā£2ļøā£ Argentina Tokenizes Lithium with AT3
Real-world assets go on-chain as Argentina launches lithium-backed tokens with Atómico 3.
I feel itās gonna pump!ā Famous last words. Iāve lost more on gut trades than I care to admit. After 10 years, I donāt trade feelingsāI trade facts.
Price patterns, volume spikes, on-chain metricsābuild your case. If the data doesnāt scream āyes,ā sit on your hands. Intuitionās nice, but itās a lousy bankroll.
Prove it or pass. Data doesnāt care about your vibes.
PUBLIC COMPANIES NOW HOLD 3.15% OF ALL BITCOINāWORTH NEARLY $55 BILLION
Publicly traded companies collectively own 666,835 $BTC, accounting for 3.15% of the total Bitcoin supply.
At current prices, this stash is valued at nearly $55 billion, highlighting the growing corporate adoption of Bitcoin as a treasury asset.
As institutional holdings continue to rise, how much longer before Bitcoin becomes a standard balance sheet asset?
Liquity V2 forks are going live!
Liquity V2 officially relaunches later in Q2 - but you donāt have to wait to see it in action.
3 forks built on the V2 codebase are launching this April, each with incentives galore to boot š
1ļøā£ @felixprotocol on @HyperliquidX
⢠Borrow against HYPE, bridged WBTC, ETH, and SOL at an interest rate of your choosing
⢠Mint feUSD and earn via Stability Pools or LP it with other stables
2ļøā£ @Neriteorg on @arbitrum
⢠Immutable contractsāno upgrades, ever
⢠Native streaming via @Superfluid_HQ
⢠Borrow USDN against ETH, LSTs, LRTs (e.g., weETH, ezETH), and ARB
3ļøā£ @DeFiDollar on Mainnet
⢠Use AAVE, CRV, LDO, LQTY & more as collateral to mint DUSD
⢠A stablecoin backed by the tokens that power DeFi
The CDP renaissance starts soon.
$BTC FTXās repayment saga rolls on! After kicking off with payouts for claims under $50K on February 18, the next wave hits May 30, 2025, targeting claims over $50K.
Hereās the catch: repayments are pegged to crypto prices from FTXās bankruptcy filing on November 11, 2022, and dished out in USD with a 9% annual interest bump until payout day. FTX touts creditors could see up to 118% of their funds back - but that figureās a head-scratcher. It sidesteps the jaw-dropping crypto gains since the collapse:
$BTC: +500%
$ETH: +40%
$XRP: +450%
$SOL: +650%
So, while the USD payback sounds hefty, itās a far cry from what those coins are worth now. Fair deal or shortchangedāhow do you see this playing out for FTXās creditors?
{future}(BTCUSDT)