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🚀BTC Rallies To Record High

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GM Defiers!

Bitcoin posted a new all-time high above $68,700 on March 4. The milestone followed record activity surrounding spot Bitcoin ETFs last week.

In other news, memecoins are also rallying strong, the SEC delayed its verdict on spot Ether ETF applications from BlackRock and Fidelity, and SafeDAO is voting to introduce new token utility.

Plus, a rare Alien CryptoPunk sold for $16 million, marking the collection’s second-highest-valued trade on record.

✍️ In today’s newsletter:

  • BTC rockets to new all-time highs
  • Memecoins ride market momentum
  • SEC postpones Ether ETF verdicts
  • SafeDAO moves toward token transfers
  • Alien CryptoPunk fetches $16M

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📈 Markets in the last 24 hrs:

TickerValue24h
Bitcoin$67,9797.81 %
Ethereum$3,612 3.57 %
Gold 1st Future$2,118 1.48 %
S&P 5005130.95 -0.12 %
Arch Web32.85 -0.28 %
Learn more about Arch Indices ,[object Object]%

🎬 WATCH

Check out our latest episode of Crypto With Cami recapping all of last week’s hottest headlines. Also watch our podcast with Guy Young, the founder Ethena Labs, to learn about its controversial high-yield stablecoin USDe.

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A developer-friendly, Rust-based smart contracts platform designed for scale and sensibility. Coming soon to mainnet, Soroban seamlessly integrates with and works alongside the existing Stellar blockchain. Start building on Soroban today.

📈 Bitcoin Tags New All-Time High Above $68,730

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The price of Bitcoin posted a new all-time high on March 4, marking a more than 150% gain in less than five months. The move follows surging activity surrounding spot Bitcoin ETFs last week, which are accumulating BTC at a rate outpacing new Bitcoin issuance.

🐶 Memecoins Go Parabolic As Bitcoin Crosses $66,000

Memecoins are also surging amid the bullish momentum in the digital asset markets, with the combined capitalization of memecoins up 26% in the past 24 hours. Data from CoinGecko shows the six largest memecoins posting seven-day gains of between 84% and 234%.

SEC Delays Spot Ether ETF Applications From BlackRock and Fidelity

The SEC postponed the deadline for its verdict on spot Ether ETF applications from BlackRock and Fidelity for the second time. The SEC expressed concerns that Ethereum’s Proof of Stake mechanism could be vulnerable to concentrated control and manipulation. The public now has 21 days to provide additional feedback on the applications, with 35 days allotted for rebuttals.

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Stellar Brings Smart Contracts to Mainnet

On Feb. 20, Stellar network validators voted to upgrade Mainnet to Protocol 20, kicking off a new era for the Stellar smart contracts tech stack, which delivers a secure, batteries-included developer experience built to scale and for real-world use.

Getting to this moment has been an incredible journey. For the last two years, the Stellar Development Foundation (SDF) and the Stellar community have discussed, designed, and built new functionality transforming the Stellar network. Join the developers and projects that are building next generation everyday financial services on Stellar.

Learn more about Soroban smart contracts on Stellar

READ MORE: Smart Contracts Are Live on Stellar Mainnet

🪙 SafeDAO Prepares To Vote On New Token Utility and Move Towards SAFE Unlocks

The SafeDAO community is preparing to vote on a proposal outlining new utility for its SAFE token. If passed, the proposal would pave the way for a future proposal making SAFE transferable for the first time. The value of assets held in Safe accounts has also passed $100B.

👽 Rare Alien CryptoPunk Sells for $16 Million

CryptoPunk 3100, one of only nine NFTs from the 10,000 token collection with the “alien” attribute, was traded for $16 million worth of Ether on March 4. The token last changed hands for $8 million in March 2021, with alien comprising the rarest attribute from the collection.

🌍 ELSEWHERE

  • Deutsche Boerse Starts Crypto Trading Platform for Institutional Clients (CoinDesk)
  • Binance ends Nigerian Naira services amid government crackdown (CryptoSlate)
  • Do Kwon’s extradition from Montenegro to the US revoked on appeal (The Block)

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