31 Mar: USDC in Trouble?

By theinspired | Inspiration | 31 Mar 2023


"Tact is the ability to describe others as they see themselves."
 –Abraham Lincoln

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It's Friiiddaaayyy Folks! Yesterday, SBF pleads not guilty, OKX expanded and turned over frozen funds, and BTC tapped $29K but then pulled back. The fear and greed index is 63 up from 60. Best performing asset in the past 7 days remains $XRP up 23.40%. Let's get after it...

Trending News Topics:

  • BTC Rallies again (4)
  • US Gov to sell $216M in $BTC (4)
  • USDC outflow surpass $10B (2)

CRYPTO

$4,500,000,000,000 Asset Manager Fidelity Hiring for ‘Crypto Token Research’ Position. Investors Pour Money Into Crypto Investments for 4th Straight Month.

OPINION: Crypto's 'terrible risk management' has been 'washed away:' Galaxy Digital CEO Michael Novogratz(2)

PREDICTIONS: Here Are Some of the Biggest Crypto Predictions for April 2023

BITCOIN & ETHEREUM

Bitcoin

Bitcoin Drops Below $28K (the reclaim) as Options Expire and could BTC price go to $22K?(4) 3 reasons why Bitcoin bulls are well positioned to profit from this week’s $4.2B options expiry. Investors flock to trade BTC and ETH options as open interest shoots 400% YoY. Bitcoin Turnaround Incoming? Crypto Analytics Firm Santiment Says Five Indicators Flashing Warning Signs. Bitcoin price hits $28.5K on PCE data as macro 'accumulation zone' ends. Space Force major proposes Bitcoin mining for Pentagon defense strategy.(2) Bitcoin becomes the best-performing asset class in Q1, 2023. US government plans to sell 41K Bitcoin connected to Silk Road.(4) Why did 12K Bitcoin margin longs close at Bitfinex, and why didn’t it impact BTC price?

Mining

Bitcoin miners report best monthly revenues in 10 months. Bitcoin Miner TeraWulf Reports 146% Increase in Revenue as It Ramps Up Operations. Bitcoin Mining Now Greener Than Electric Vehicle Technology, Hydro Power Grows. Bitcoin Miner Marathon Digital's CFO to Retire After One Year.

NFTs

Magic Eden’s New Bitcoin NFT Marketplace Dominates Ordinals Market. Crypto Custody Firm BitGo Releases Security Features Aimed at Bitcoin Ordinals.

Ethereum

Analysts debate the ETH price outcomes of Ethereum’s upcoming Shapella upgrade. Volume of ETH options rises to highest level since May ahead of Shapella update.

OPINION: Bitcoin Is Still in Its ‘Safe Haven Period’: Analyst Mark Connors. Breaking the Chains: Unraveling Bitcoin’s Connection to the Stock Market. Research Firm Breaks Down Impact Of MicroStrategy Purchases On Bitcoin Price. Big Short’s Michael Burry Says He “Was Wrong to Say Sell.” Space Force Major Tells U.S. to Stockpile Bitcoin as Weapon of Self-Defense. Black Swan Author and Jordan Peterson Clash Over Bitcoin. Satoshi Nakamoto Could Explain Current Bitcoin (BTC) Rally. The State of Bitcoin as It Approaches $30,000: Santiment.

FORECAST/PREDICTION: Elon Musk slams ‘heavy-handed’ Fed as ex-BitMEX CEO sees $1M BTC price. Draper's Unwavering $250K Bitcoin Prediction: 3 Months before the Halving.

LESSON (Podcast): Bitcoin, Explained 75: Multisig (And Musig) 

QUESTION: Can Bitcoin Counter the Dangers of Zombie Banks?

STABLECOINS

USDC Outflow Surpasses $10 Billion, Are Investors Losing Interest In The Stablecoin?(2) Circle’s USDC Remains Dominant in DeFi as Pressure Eases on the Stablecoin. TUSD Stablecoin Daily Trading Volume Surpasses $1B After Binance Boost.

ALTCOINS

Ripple Labs' XRP Token Marches Forward. Ripple Case Optimism Fuels XRP Trading Boom in South Korea. Investors bet big on Ripple’s win against SEC as XRP futures trading doubles. All Lights Green for Ripple (XRP) as Bulls Pile in Despite Lawsuit Uncertainty. ‘We Need Doge’ – Burger King Twitter Account Wags the Dog, Sends Dogecoin Flying. Dogecoin (DOGE) Miners Are Holding, Could the Price Start Rallying? Dogecoin (DOGE) Addresses in Profit Confirms Meme Coin's Positive Q1 Performance, Will Q2 Be Better? Cardano Poised for Ultra Bullish Surge Following Latest Hydra Upgrade Development Milestone. Here Are 3 Scenarios for Cardano, As ADA Reaches Pivotal Price Levels. Cardano’s Stunning Developer Adoption: 1,221 Projects Are Currently Building on the Platform.

EXCHANGES & BANKS

Coinbase Hires Ex-Shopify Exec to Oversee Canada Operations. Boerse Stuttgart Digital subsidiary receives final approval for crypto custody.(2) Crypto Exchange Bittrex to Wind Down U.S. Operations Next Month.(3)

OPINION: 'The future of banking has no banks,' Bernstein says. Welcome to 'hyper-bitcoinization'(2)

LEGISLATION & REGULATION

Binance Addresses Accusations From Elizabeth Warren and Other US Senators in New Open Letter. Conservatives slam Republican for work with Elizabeth Warren on crypto. The Anti-Crypto Army Faces Opposition in the U.S.  UK government announces ‘robust’ crypto regulation as part of economic crime plan.

OPINION: DOGE Co-Founder Billy Markus Slams Senator Warren for Building 'Anti-Crypto Army.' 'Choke Point' is real, Novogratz says after telling Miami crowd 'we're under assault.'(2) The Biden Administration Is Politicizing Crypto. Ripple CEO Brad Garlinghouse Calls on US Lawmakers to Look into SEC Chair Gensler’s Crypto Assertions.

QUESTION: What Could Elizabeth Warren’s Senate Reelection Bid Mean for the Crypto Industry? 

LEGAL CASES

Binance’s U.S. Partners Involved in CFTC Lawsuit Acted Legally, Crypto Traders Insist. Ex-Binance US CEO Catherine Coley Hires Attorney for CFTC Lawsuit: Report.(2) Terra co-founder Do Kwon’s jail time in Montenegro will be harsh. Ripple, industry wait to see if XRP case will be a small splash or a tsunami. FTX EU Commences Process To Return Customer Funds.(2)

ATTACKS/HACKS/SCAMS

Ormeus Coin Founders Fined $46M for ‘Massive Crypto Asset Fraud.’ Some FTX clients want SBF's exchange to come back from the dead despite being ‘scammed.’ Net losses from crypto theft down sharply in Q1 2023 at $322M.

WATCH

LISTEN

Podcast of the Day: Bitcoin, Binance, and The Banking Crisis w/ Dylan LeClair | Bitcoin Magazine

Other Podcast

  • Nuclear Bitcoin Mining with Kerri Lagnlais from Terawulf and Bitcoin for Athletes with Dante Cook and Armani Cotton - March 30th, 2023 | The Cafe Bitcoin Podcast
  • The Alchemy Of Underclocking | Cathedra | The Mining Pod
  • The Chopping Block: Is This the Beginning of the End for Binance? | Unchained
  • ROLLUP: CZ Busted?! | Gensler Testifying Soon | SBF in More Trouble | War on Crypto Continues | Bankless
  • The RESTRICT Act Isn’t About Banning TikTok, It's About Expanding Government Powers | The Breakdown
  • Binance Is Under Attack: Why Bitcoin Is Rising | Panel W/ Alex Tapscott, Dan Roberts & Ajit Tripathi | TWOAS
  • ICP and Bitcoin: Exploring the Possibilities of Cross-Chain Interoperability with Manu Drijvers, Director of Engineering at the DFINITY Foundation | The Charlie Shrem Show
  • Moody's Head of DeFi unpacks the risks of stablecoins and CBDCs | The Scoop

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theinspired
theinspired

I've been aware of Bitcoin since 2011 and my desire is that you will be better informed about the digital asset industry by reading my daily post.


Inspiration
Inspiration

I've been exposed to the world of crypto since 2011. Now I use my knowledge to curate the most relevant news articles, podcast, videos, blogs and social media information to help you be in the know in Crypto!

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