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Your weekly navigator to the crypto cosmos

Tanja Nechet

News editor

Mar 6, 2024 at 04:45

Salutations, crypto navigators! 🛸 Let’s embark on a voyage through the boundless expanse of the crypto universe, where every twist and turn reveals new marvels and mysteries! 🌟

🌠Extreme swing

No sooner had we rejoiced on March 5, when Bitcoin’s new price record was updated, than the price of Bitcoin and most altcoins plummeted. 

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According to Coinglass, in the past 24 hours, 311 582 traders were liquidated, the total liquidations came in at $1.13B. The largest single liquidation order happened on Bitmex – XBT/USD value at $9M.

❓ New quests from Linea

Linea has launched the third week of quests on Layer3. This week is dedicated to social gamification in Web3. You may earn 235 LXP for completing all quests. The last quest will open in 33 hours.

🥇Golden times for BlackRock

The Bitcoin Spot ETF has a net asset value of $48.86 billion, and BlackRock’s iBIT saw record daily net inflows.

🪂New QnA3 airdrop

A total of 5M $GPT tokens will be distributed. The second airdrop is happening on April 2nd, 2024, 04:00 AM UTC, with rewards in two parts:

  1. For those who missed or haven’t claimed the first round airdrop, make sure to claim your credits by March 15th at the latest. There will be a snapshot on March 15th. Our anti-sybil measures remain, focusing on rewarding our most active community members.
  2. Multi-chain support. The website is getting a makeover, and part of the airdrop will reward users engaging with the new site and new chains.

😉 Revolution and sedition 

Binance.US cuts two-thirds of staff as revenue plunges. After the SEClawsuit, Binance.US saw $1B in assets leak out, revenue fell 75% and 200 people were laid off.

Oh yeah, also on March 5, Binance tweeted about a branded perfume with the slogan “Fragrance meets finance.” However, it looks more like a joke timed to the BTC surge.

🔑 Key crypto market highlights (March 6-13)

  • Hashflow (HFT) – 13.6M coins or 3.77% of the circulating supply to be unlocked (07.03).
  • Optimism has announced that OP Goerli will be officially decommissioned. It is strongly recommended all users to migrate to OP Sepolia as soon as possible. This is to ensure a smooth transition and to avoid any potential issues that may arise due to the obsolescence of OP Goerli (07.03).
  • Hooked Protocol will distribute NFT awards to the winners of the Hidden Bonus 2.0 drawing after the challenge is over (08.03).
  • Truebit Protocol has announced that the 8th Workshop on Trusted Smart Contracts (WTSC) will be held in Curacao Marriott Beach Resort, Willemstad, Curaçao (08.03).
  • FLOKI has decided to burn 190,918,585,431.84 tokens. This represents 2% of FLOKI’s circulating supply and is currently valued at $31,501,567 (09.03).
  • World Mobile Token will have its next snapshot (09.03).
  • Hydranet will release a closed beta version of the NOVA web wallet. It will allow users to seamlessly interact with Bitcoin and various other EVM assets(09.03).
  • Horizen abandons the use of Secure Nodes (11.03).
  • Wemix to release The Night Crows (12.03)
  • Hedera will upgrade the mainnet to version 0.47 (13.03).
  • Propy announced its integration with Coinbase and the launch of PropyKeys(13.03).
  • Aptos (APT) token unlocks – 24.84M coins, or 6.74% of the circulating supply (13.03).

💲 Ideas

[1] 🔔 AEVO listing on Binance

AEVO’s farming period will soon be over, and with it will come a snapshot. Due to this and with TGE coming up, Binance has decided to make a launchpool of the AEVO token. There are 45 million $AEVO tokens allocated to the launchpool (4.5% of the total supply). The listing will take place on March 13 and along with it, there will most likely be a drop for all traders. 

  • How to get into farming
  • BNB pool – 36M tokens AEVO;
  • FDUSD pool – 9M $AEVO tokens;

[2] 🔔 Up or down: outlook for KAVA

According to RLinda’s analysis, KAVA has broken through a strong barrier and is likely to rise in value.

On a weekly chart, KAVA is showing signs of improvement, but it’s still lagging behind other cryptocurrencies. When the barrier was broken, more people started trading KAVA, suggesting that its potential was being recognized.

Looking at daily charts, we’re keeping an eye on the 0.954 level. There might be a small drop in value, but if it breaks through and stays above 0.954, it means the market is ready for higher 💲.

  • Support levels: 0.865, 0.694
  • Resistance level: 0.954
  • KAVA may break free from its downward trend and rise to levels around 1.28 and 1.55.

*Any technical analysis, in the long run, cannot accurately predict the movement because now is a very tough market and the news can swing currencies in all directions.

[3] 🔔 Take part in the Ignition Airdrop Program from is a Solana-based project that provides computing power to developers of AI-based applications. The team announced an investment round in which they raised $30M led by Hack VC from Multicoin Capital, Delphi Digital, Solana Labs, Aptos Labs, Animoca Brands, Foresight, and other funds.

March 1 to April 30 is Ignition Airdrop Program on Galxe is taking place, where users may farm points for social quests to pass the quests you need to have a Galxe Passport or Humanity Score.

The tasks:

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