📉 Bitcoin Dips to $88K Ahead of Trump's Crypto Summit
gm Defiers!
The crypto space is seeing key developments as Base, Coinbase’s Ethereum Layer 2, speeds up transactions, claiming to be twice as fast as Solana
Avalanche is also gaining momentum, with active wallets up 140% as traders eye memecoin presales and token airdrops. Meanwhile, Bitwise makes its first DeFi move through Maple Finance.
✍️ In today’s newsletter:
- Bitcoin drops ahead of Trump's White House Crypto Summit
- Sui collaborates with Trump's World Liberty Financial
- Bitwise executes first institutional DeFi investment through Maple Finance
- Can Base's Flashblocks update outperform Solana?
- Avalanche active addresses soar 140%
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📉 Bitcoin Drops Ahead of Trump’s White House Crypto Summit
The crypto market recorded volatility on Thursday with Bitcoin dropping as low as $88,000. Meanwhile ETH remained steady at $2,213.
This comes just one day ahead of President Donald Trump’s White House Crypto Summit.
🤝 Sui Partners with Trump-Backed World Liberty Financial in Blockchain Expansion
Sui announced a partnership with World Liberty Financial (WLFI) to develop blockchain applications. Following the news, the SUI token surged 15% to $2.86, reaching an $8.9 billion market cap.
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🏦 Bitwise Makes First Institutional DeFi Allocation via Maple Finance
Bitwise, managing over $12 billion in assets, announced its first institutional DeFi allocation through Maple Finance, signaling growing institutional interest in onchain credit.
❓ Will Base's Flashblocks Update Beat Solana?
Coinbase’s Layer 2 blockchain, Base, now processes transactions twice as fast as Solana after a recent upgrade, according to creator Jesse Pollak.
However, critics argue the comparison is misleading, noting differences between Layer 1 and Layer 2 architectures and Solana’s true transaction speeds.
🚀 Avalanche Active Addresses Spike 140%
Avalanche’s ecosystem is experiencing a resurgence, with active wallets increasing 140% to 360,000 on March 4.
Native DEX LFJ recorded a 35% boost in volume, reaching $580 million as traders flock to the blockchain in anticipation of memecoin presales and token airdrops.
🌍 ELSEWHERE
- New York considers criminalizing crypto fraud, rug pulls (TheStreet)
- Trump's crypto venture piles up Ether and more ahead of White House Crypto Summit (Quartz)
- Crypto Asset Manager Bitwise Deploys on DeFi Platform With Maple Finance Partnership (CoinDesk)
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