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March 11, 2025

⬆️ Bitcoin Rebounds Above $82K While Altcoins Struggle

gm Defiers!

Bitcoin rebounded above $82,000 today, recovering from recent losses, but the broader crypto market remains under pressure. Crypto ETPs recorded their fourth straight week of outflows, with $876 million withdrawn last week.

Meanwhile, Solana’s revenue has plunged 90% from its January highs as memecoin activity cools, and Ethereum’s Pectra upgrade on the Sepolia testnet faced disruptions due to an attacker spamming zero-value transfers.

✍️ In today’s newsletter:

  • BTC climbs past $82K, but altcoins lag behind
  • Solana revenue plunges 90% from January highs
  • PancakeSwap hits highest monthly trading volume since 2021
  • Solana leadership remains split over token inflation proposal
  • Movement launches public mainnet beta
  • Attacker disrupts Ethereum’s Pectra upgrade on Sepolia testnet
  • Crypto market slumps 20% in February
  • Crypto funds record $876M in outflows

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⬆️Bitcoin Rebounds Above $82,000 But Altcoins Lag Behind

The crypto market stayed volatile Tuesday as President Donald Trump’s trade war rhetoric and inflation concerns fueled investor uncertainty.

Bitcoin rebounded 4% to $81,700, while Ethereum dipped slightly to $1,915.

📉Solana Revenue Crashes 90% From January Highs

The memecoin market downturn is dragging Solana down with it. Solana’s chain revenue has plunged 90% from its January peak.

It fell from $38.5 million per week during the TRUMP memecoin frenzy to just $4 million per week in recent weeks.

🔥PancakeSwap Achieves Highest Monthly Trading Volumes Since 2021

PancakeSwap hit its highest monthly trading volumes since 2021, with activity surging in early 2025.

The DEX processed $81.9 billion in January and $78.7 billion in February, a massive jump from the same months in 2024.

😡Solana Leadership Remains Divided Over Token Inflation Proposal

The Solana community is divided over SIMD-0228, a proposal to adjust the network’s token inflation mechanism.

Solana Foundation President Lily Liu criticized the proposal as “half-baked,” warning it could harm SOL’s growth. Meanwhile, supporters like Solana co-founder Anatoly Yakovenko and Helius founder Mert Mumtaz back the proposal.

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🚀Movement Launches Public Mainnet Beta, Bringing Move Language o Ethereum Layer 2s

The Movement Network Foundation has launched its Movement Public Mainnet Beta, bringing the Move programming language to Ethereum via a Layer 2 solution.

The launch includes Movement Cornucopia, a liquidity initiative that has already amassed $223 million in total value locked (TVL) to support DeFi.

👎Attacker Stymies Ethereum’s Pectra Upgrade on Sepolia Testnet

Ethereum’s Pectra upgrade on the Sepolia testnet faced unexpected disruption due to an attacker spamming zero-value transfers.

Although the upgrade launched as scheduled on Mar. 5, Ethereum Foundation’s Tim Beiko noted that a custom deposit contract issue caused nodes to produce empty blocks.

📊Crypto Market Tanked 20% in February, Pummeled by Bybit Hack, LIBRA Debacle: Binance Research

The crypto market dropped 20.2% in February, according to Binance Research’s latest report.

The selloff was driven by declining investor confidence, a slowdown in memecoin activity after the LIBRA token debacle, and the $1.46 billion Bybit hack.

💸Crypto Funds Lose $876 Million in Fourth Consecutive Week of Outflows

Crypto exchange-traded products (ETPs) recorded $876 million in outflows last week, marking the fourth consecutive week of withdrawals, according to CoinShares.

This brings monthly outflows to $4.75 billion, cutting year-to-date inflows to $2.6 billion.

🌍 ELSEWHERE

  • Strategy stock is down 50% since November highs as economic headwinds weigh on Bitcoin (Fortune)
  • DeFi will ‘run in parallel’ with TradFi, says Euler Labs COO (TheStreet)
  • VC Investors Find Complicated Ways to Monetize Locked-Up Crypto (Bloomberg)

🔥TRENDING