ALPHA:
After the Arbitrum airdrop, the next ecosystem seeing significant growth is zkSync, an Ethereum scaling solution. There are several new applications launching that I am following. At the very least, it’s worth bridging some funds into zkSync to try and qualify for a future airdrop (unconfirmed).
https://twitter.com/dracula_fi (Velodrome fork - ve(3,3,) dex)
https://twitter.com/velocorexyz (Velocimeter fork - ve(3,3) dex)
https://twitter.com/TheMerlinDEX (Camelot adaptation with core farming pools launching on mainnet soon)
ACE’S TAKE:
Catch me live on Library on Chain Twitter spaces this morning. We’ll be talking about the latest crypto news and investing narratives.
MARKET:
Bitcoin had a very strong March, rising 22%, amidst the fear of bank runs and additional USD reserve requirements. It outperformed most other digital assets and has managed to hold $27,000, which may open up some possible altcoins to run. The strongest narrative is around Ethereum and liquid staking derivatives.
Ethereum’s Shanghai Hard Fork, when staked $ETH supply will be unlocked from the Beacon contract, is a week away. Many crypto investors believe this will be a very bearish event due to the large amount of supply released into the market, however, the price has now hit a yearly high.
Once Shanghai is completed, Ethereum’s transition to Proof of Stake will be complete, and will likely lead to a large amount of supply locked up to earn validator rewards.
NEWS:
Kraken partners with Formula One: Williams Racing
Bittrex Exchange shuts down US operations:
REGULATORY:
RUGS:
AllBridge exploited:
MEV bots stealing from each other:
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None of this is financial advice