"Do not wait until the conditions are perfect to begin.
Beginning makes the conditions perfect."
-Alan Cohen

Bottom Line Up Front (BLUF) 

Consensys is now valued at $7B after raising another round at $450MM. The Bond King just got off zero. Web 3 is exploding right in front of our eyes.

The overall market for Bitcoin continues to be in consolidation, trading in a very wide range between $37K and $42K. The overall sentiment is neutral, but keep in mind the Supply Shock that is coming (see Pomp's video). Ethereum is in the same boat pretty much with other Altcoins like $LUNA getting a lot of attention from analysts. Do Kwon (founder) is even placing bets that it will not be lower than $88 this time next year. Doggie coins are not doing so well but $OGN, $GMT, and $RUNE saw a nice little pop.

I've said many times that ultimately that all assets will be pegged to Bitcoin and it appears Deloitte agrees with me (sorta); Lyn Alden believes Central Banks will hold Bitcoin on their balance sheets. Regulatory environment continues to be positive with Wyoming and Illinois issuing bills; UKs bill on PoW was less negative than previously thought. Coverage for exchanges include: FTX, Binance, Coinbase and Bitstamp. Joe Lubin says NFTs are a profound invention - of course there were NFTs all over SXSW.

With the good comes the bad as we see a $3M DAI hack of Deus Finance.

BREAKING

• The Bond King Buys Bitcoin
• FinCEN Chief Digital Currency Adviser Korver Departs for A16z as Head of Regulatory
• Terraform Labs CEO Do Kwon seals $10 million bet over LUNA price
• Hacker claims to own $7 billion in Bitcoin ranking as the world’s 369th richest

CHAINALYSIS: WATCHING THOSE WHO ARE WATCHING US

JUST IN

• CoinShares Launches Physically-Backed Cardano ($ADA) ETP With Staking Rewards
• Brazilian Asset Manager Hashdex to Launch Web 3 ETF on Local Stock Exchange
• New South Korean President to Push Cryptocurrency Industry Further
• Dedicated crypto teams booming within traditional financial firms
• Bitcoin well positioned to help governments create cheaper CBDCs: Deloitte
• Visa Looking to Hire College Students to Develop In-House Crypto Talent
• Multi-country study reveals only 1 in 10 have no intention of investing in cryptocurrency
• How three friends cracked Larva Labs’s secret treasure hunt for a $25,000 Meebit

SOUTHEAST ASIA’S LARGEST ONLINE SNEAKER MARKETPLACE NOW ACCEPTS BITCOIN

BLOCKCHAINS

• Bitcoin, Ethereum transaction fees drop 90% becoming cheaper to use
• Ethereum Successfully Merges to Proof of Stake on Testnet
• LayerZero gears up for launch of cross-chain protocol Stargate

NOTABLE VOICES

• Charles Hopkinson: ‘Large Wave’ of DApps Arriving in Coming Months, Says Cardano Founder
• Bobby Zagotta: Bitcoin Could Start Trading Like Gold, Says Bitstamp USA CEO
• Dan Schulman: Crypto Will Redefine the Financial World: PayPal’s CEO
• Macro Expert Lyn Alden: Cancel-Proof Bitcoin Could Make Its Way Onto Central Bank Balance Sheets

ACQUISITIONS/PARTERNERSHIPS

• Binance Signs MoU to Acquire Brazilian Securities Brokerage Sim;paul Investimentos
• Paris Hilton and Cardano Founder Fund Efforts to Resurrect Mammoths

MARKET WATCH

• Crypto Funds See Their First Outflows in 7 Weeks: CoinShares
• Bitcoin Worth $1.2B Leaves Coinbase in a Sign of Persistent Institutional Adoption
• Bitcoin (BTC) Creates Bullish Engulfing Candlestick and Reclaims Support
• Bitcoin consolidates below $39k as investors await The Fed’s decision on interest rates
• Bitcoin Is Recovering as $60 Million Short Returned to Lender
• Short term Bitcoin buyers transition to long term holders: Glassnode
• Whale Ahoy! Bitcoin Wallet Activated After 11 Years
• TA: Ethereum Consolidates Below $2600: What Could Trigger A Sharp Increase

ALTCOINS

• Which tokens should you buy and hodl in 2022? | Find out now on The Market Report live
• Crypto community with 84% historical accuracy sets XRP price $.83 for March 31, 2022
• 42 Million Terra (UST) Grabbed by Whales: Details
• Will Terra's LUNA Top $88 This Time Next Year? A $1M Bet Says It Will
• Trader Says Terra (LUNA) Following Corrective Path of Chainlink (LINK), Warns of Downside Risk of Fantom (FTM)
• Fantom (FTM) Falls to a New Yearly Low of $1.07, After January High of $3.37
• Dogecoin, Shiba Inu Continue Week-Long Slump, but Shiba Inu (SHIB) is Now the 3rd Most Held Token by Whales on Ethereum
• Shiba Inu Profitability Drops to 35% But Whales Are Undeterred: Details
• Origin Protocol (OGN) Breaks out From 109 Day Resistance Line
• Under-the-Radar Altcoin (GMT) Erupts 4,300% in Less Than a Week After Abrupt Binance Listing
• THORChain quietly outperforms crypto market in Q1 — Can RUNE price break $10 next?
• Stablecoins Now At $187 Billion, UST And USDN Volume On The Rise

ANALYST'S CORNER

• Piyush Gupta: Bitcoin Will Continue to Grow as a Significant Store of Value, Says Head of Southeast Asia’s Largest Bank
• Smart Contracter: Top Crypto Analysts Issue Bitcoin Warning, Predict Final Capitulation Event for BTC
• Nicholas Merten: Will Ethereum Flip Bitcoin in 2022? Crypto Analyst Updates ETH Forecast As Markets Consolidate
• IntoTheBlock: Analytics Firm Explains What Is Driving the Explosive Price Growth of Terra ($LUNA)

WEB3

• Hashdex to launch Web3 and smart contracts ETF on Brazil's stock exchange B3
• Legal DAOs: Why are the Marshall Islands betting on a decentralized future?
• Gaming industry to have a 'blockchain-connected' future, studio execs say
• Wildlife’s Hit Mobile Game Castle Crush to Add Avalanche NFTs, Tokens
• Enjin Launches Polkadot Parachain for NFTs and Gaming
• Nansen's indexes reveal insightful trends in the NFT space
• DraftKings Links NFTs to Betting Products in Web3 Push
• The ‘world’s most advanced’ digital human wants you to buy her NFT art
• Ethereum NFT Sales Are Inversely Correlated to Crypto Market: Nansen
• American Express ventures into NFTs and the metaverse with trademark filings
• Blockchain play-and-earn games focus on building even as NFT prices fall
• NFTs Are a ‘Profound Invention’ Says Ethereum Co-Founder Joe Lubin

• Event recap Austin’s SXSW 2022: NFTs everywhere

WAR IN UKRAINE

• Blockchain Forensics Firm Uncovers 15 Million Crypto Addresses Tied To Sanctioned Russians
• Ukraine Says It’s Using Crypto Donations To Buy New Military Equipment
• Ukrainian Crypto Entrepreneur: Bitcoin Is a Lifeline
• Ukraine Partners With FTX, Everstake to Launch New Crypto Donation Website
• Elliptic Identifies Crypto Wallets Linked to Sanctioned Russian Officials

MINING

• China Offers Cash Prizes in Latest Crypto Mining Clampdown
• Kazakhstan Crackdown Forces 106 More Crypto Mines to Close

REGULATION/LEGISLATION

• NCA wants regulation for coin mixers, but the crypto industry is already one step ahead
• ‘Shark Tank’s’ O’Leary Lobbies Congress for Sen. Lummis’ New Crypto Bill
• Illinois Moves Closer To Accepting Crypto for Taxes, but Not Considering Legal Tender Status
• UK's Law Enforcement Agency Calls for Regulation of Crypto Mixing Tech: Report
• UK financial watchdog seeks crypto talent amid new crackdown
• India: Multiple Crypto-Related Money Laundering Cases Under Investigation
• India Taxman Lines-Up Crypto Tax Dodgers in His Sights

DISCUSSING GOVERNMENTAL BITCOIN ADOPTION WITH CONGRESSIONAL CANDIDATE TAYLOR BURKE

EXCHANGES/WALLETS

• Crypto.com rolls out its exchange platform in the United States
• FTX Europe Becomes First Exchange to Receive Crypto License in Dubai
• Binance.US Inches Closer to Approval in All 50 States
• Binance Wins First Crypto Service Provider License of Bahrain 
• Binance temporarily halts Polygon deposit and withdrawal to sync nodes
• Coinbase Trading Volume Dipped to New Lows in February
• Coinbase Has ‘Hidden Value’ in Ventures Business, Oppenheimer Says
• Bitstamp Crypto Exchange Scores Diverse Hires from Traditional Finance
• Open-Source Wasabi Wallet to Censor Certain Bitcoin Transactions

FOLLOW DAT MONEY

• Samsung, Qualcomm Back FreedomFi, Helium’s 5G Crypto Network Partner
• TravelX Raises $10M to Launch Multichain Distribution Protocol
• Crypto startup Gauntlet raises $23.8 million at $1 billion valuation
• Crypto Unicorns Nets $26M in Token Sales Led by TCG, Backed VC
• Team Bringing Diem Blockchain to Life (Aptos) Confirms $200M Raise, Says Coinbase and More Are Building on Devnet
• Stellar Development Foundation Launches $30M Investment Fund
• Luna Foundation Guard votes to raise additional $372 million collateral
• $450M Raise Values Ethereum Builder ConsenSys at $7B as MetaMask Tops 30M Users

HACKS/ATTACKS

• $3 Million in DAI and ETH Stolen From Deus Finance in the Latest DeFi Hack
• Shanghai Police Bust $16M Crypto Pyramid Scheme
• Bitcoin stealing malware: Bitter reminder for crypto users to stay vigilant

LESSON

• Reaching Consensus: Proof-of-Work vs Proof-of-Stake
• What is Arbitrum? Speeding Up Ethereum Using Optimistic Rollups

PODCASTS

• The Breakdown: The EU’s Near Miss on a Proof-of-Work Ban
• Decrypt Daily: Mar 14: Elon is HODLing, Nashville Suing, 44 lbs. of Ecstasy
• Tales from the Crypt: #312: The popping of the 100 year sovereign debt bubble with Luke Gromen