As of the latest update, with ETH currently sitting at $2,102, it reached a heady high of $2,198 during the mad dash of the March 4 U.S. trading session. The cause of this ruckus? Why, none other than Bitcoin’s charming recovery above $70,000. A classic case of one crypto’s rise giving the others a lovely little lift.
AUDD is a stablecoin created by AUDC Private Ltd, which is part of the Australian fintech company Novatti. It’s officially licensed as a financial service in Australia, setting it apart from many other digital tokens that haven’t been fully regulated. This means major Australian banks and financial institutions can now legally use and trade digital Australian dollars directly on the blockchain.
In a recent “I’m just saying” moment, Chamath pointed out that Bitcoin’s transparency makes it a bit of a nosy neighbor. Central banks, he argues, need assets that can keep secrets-like a spy with a Swiss bank account. But Bitcoin? It’s more like that friend who shares your DMs with the group chat. “Not exactly reserve material,” he shrugged, probably while sipping a $20 latte.
With a flourish worthy of a Victorian novelist, Ethereum surged past the $2,050 resistance, mirroring its cousin Bitcoin. It breezed through $2,080 and $2,120, only to be crowned at $2,200 before a dramatic correction. Below $2,150 it dipped, like a debutante retreating from the dance floor, skirting the 23.6% Fib retracement level of its upward dalliance from $1,929 to $2,200.
Once again, crypto has proven that it’s not just about digital fortunes-it’s about survival in the real world, or at least that’s what @sillytuna seems to have learned the hard way. After reporting an attack and subsequent coercion, this unfortunate soul claims he was forced to move nearly $24 million in crypto, leaving a trail that’s now sparking alarm in the crypto community. Apparently, the lesson here is that being a whale in crypto can get you harpooned in real life.
Aaron Day, a fine fellow at the Brownstone Institute and a veritable critic of the crypto scene, is waving his arms about, claiming that the GENIUS Act is merely the velvet glove over the iron fist of increased government surveillance. How charming!
On the third day of March, as the world slumbered in its digital reverie, Buterin took to the social network X, a platform where thoughts are as fleeting as the wind. There, he penned a missive, a lamentation wrapped in the guise of an essay, bemoaning the state of his creation. “Ethereum,” he wrote, “stands idly by as the world writhes under the boot of surveillance, war, and corporate tyranny. Where is our hand in the struggle for freedom, for privacy, for the very soul of humanity?”
Backpack, already a name whispered with a mixture of admiration and skepticism for its management of fee-free FTX creditor claims and its acquisition of FTX EU’s assets (a move that has restored licensed trading in Europe, though whether this is a triumph or a mere stopping of the bleeding remains to be seen), now ventures further into uncharted waters.
Sharp price swings across crypto derivatives markets triggered a wave of forced liquidations during the past 24 hours. Data from the derivatives tracker Coinglass shows that 115,781 traders lost positions as volatility ravaged major assets. As per market insights, total exchange liquidations reached a jaw-dropping $374.23 million. Bitcoin and Ether, ever the overachievers, account for most of the carnage.
It seems the crypto world has decided it’s time to get its act together, at least for today. Crypto-related stocks opened the Wednesday U.S. session with significant gains, as Bitcoin made its grand return above $72,000 for the first time in nearly a month. Bravo, Bitcoin! Bravo!