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What are you up to this weekend? Practicing to be a developing legend! Go register to attend New Zealand's very first Web3 Hackathon backed by NZDD and Easy Crypto. Huge prizes and limited spots: https://lnkd.in/ge6QyrVC

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Another volatile & action packed week in crypto... here's your TLDR 🎢

Wondering what happened to your crypto portfolio this past week? 🤔 …read on for a recap: Crypto markets dipped drastically on Monday in response to the Trump tariffs. Suffering the biggest single day of liquidations ever, which basically means all the leverage is gone from the system. Bybit is saying the liquidation value is understated. The mid week price dive means most of the top 30 assets are down in the 10-20% range. Most of the volume this week was on the buy side as it appears traders took advantage of the price dip. ‘Prepare for volatility’ seems to be the best strategy at the minute. In other news, the calls for the US to adopt Bitcoin as a strategic reserve asset are growing, Ethereum usage is growing despite its pricing doldrums, Uniswap V4 is out and there have been so many ETF applications that researchers are actually putting out pieces on the market depth and liquidity of them all. The details👇 🔘 The markets seemed to recover after Trump agreed to pause tariffs with Canada and Mexico. 🔘 It is worth noting that these types of drawbacks are normal, very normal in fact. Well for BTC. 🔘 Elon Musk is investigating using blockchain technology to track government spending. 🔘 Senator Lummis is proposing the US add Bitcoin as a strategic reserve. They aren’t alone, the Czech national bank also stated they are considering it. 🔘 The number of Ethereum active wallet addresses is up 37% in Q4. 🔘 Phantom Wallet has launched a multichain swap feature. 🔘 Uniswap V4 has launched and is apparently very, very good for DeFi. 🔘 There has been a flurry of spot ETF applications now, however we need to temper this with some realism; illiquid coins are just too easy to manipulate so are unlikely to be cleared. Kaiko is researching this. Other key highlights: 🔘 Coinbase has secured its FCA license to operate in the UK market. 🔘 Kraken has reinstated its staking product. It paid $17m in fines to the SEC last time it launched it. 🔘 Tether continues to post record profits. 🔘 Starknet is looking to simultaneously settle on Ethereum and Bitcoin. 🔘 SBF’s parents are partitioning Trump to free him. Good luck. And that’s a wrap… until next week 😎 👋

We are proud to announce the NZDD and Easy Crypto sponsorship of the first Web3 Hackathon in New Zealand! Taking place 21-23 March at the University of Auckland. Heaps of prizes up for grabs. To find out more & register: https://lnkd.in/ge6QyrVC

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It's your crypto weekly TLDR!!! Hear what matters🔥

Welcome to another recap of the week in crypto and what a week 🤯 We’re trying hard not to let the US dominate our thinking and events, however, at this time it is nigh on impossible as the Trump administration has unleashed a blitzkrieg of change. Most of it, from a crypto perspective, was positive. So far, the US has established a crypto task force, released Ross Ulbricht, removed sanctions on Tornado Cash and rescinded a directive stopping banks from holding crypto. Elsewhere, Hong Kong is looking to license stablecoin issuers, Circle is moving into tokenised assets and someone has filed for a DOGE ETF. Lordy, lordy. To the details 👇 🔘 The SEC has established a Crypto 2.0 task force led by Hestor Pierce who’s known to be pragmatic about crypto. 🔘 President Trump kept his election promise and freed Ross Ulbricht, the SilkRoad founder. 🔘 Sanctions have been lifted on TornadoCash. 🔘 There is a definite ramp-up in the discussion of Bitcoin as a strategic reserve in the US too. 🔘 The SAB 121 directive, which effectively stopped banks from custodying crypto, has been rescinded. 🔘 Why memecoins? Well, somewhat perversely, memecoins, even though they are speculative as hell, are actually safer to launch legally as they are in no way securities. 🔘 Hong Kong is debating a stablecoin bill that requires issuers to get a license. 🔘 Circle has acquired Hasnote, a company that tokenises government bonds. They have a partnership with Cumberland DRW too. 🔘 Bitwise has filed for a DOGE ETF. If approved by the SEC, these ETFs could mark a pivotal moment for Dogecoin, potentially unlocking new streams of institutional investment and solidifying its position in the market. 🔘 Ripple has secured money transmitter licenses in New York and Texas. 🔘 SOL outperformed both Bitcoin and ETH in January! 🔘 ETH…well, it’s struggling. The DeFi report is an interesting read, the takeaway is that Ethereum disrupted itself with Blobs and has lost commercial momentum and needs a catalyst. 🔘 And finally, Jupiter is rejigging its tokenomics and will include a JUP buyback. Never a dull moment hey? Until next time ✌️