Altcoins Surge +20% Off March Lows 🤯

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OVERVIEW

Altcoins Surge +20% Off March Lows 🤯

Before we dive in, here’s today’s crypto market heatmap:

Source: Santiment

And here’s a look at crypto’s total market and altcoin market cap charts:

Source: TradingView

NEWS IN THREE SENTENCES
Crypto News 📰

💸 dYdX Introduces Token Buybacks to Fix Price, Crypto Skeptics Stay Confused

$DYDX.X ( ▼ 1.76% ) saw its token pop 8% after announcing it'll use 25% of its monthly fees to buy back and stake DYDX tokens. The exchange shifted tokenomics to bolster security and utility, while also nagging users to finally migrate their ethDYDX off Ethereum (or else). CryptoSlate.

🦄 Coinbase Ready to Drop Billions on Deribit

Coinbase ($COIN ( ▲ 0.69% )) is closing in on buying Deribit, the exchange that dominates 80% of crypto options trading, for a cool $4 to $5 billion, making it one of crypto’s biggest takeovers ever. If regulators in Dubai give the thumbs-up, Coinbase will basically control the options market overnight. TheDefiant.

⛏️ MARA Stock Leaves Bitcoin Eating Dust, Crypto Bears Quietly Delete Their Tweets

While Bitcoin climbed, $MARA ( ▼ 4.93% ) stock surged 12.3%, proving that mining companies aren't just BTC’s sidekicks - they're straight-up outperforming it. Marathon, despite its rough year, suddenly looks undervalued thanks to decent earnings and a fresh crypto rally. Naturally, crypto bears who laughed at mining stocks are now suspiciously quiet, probably reconsidering their "Bitcoin is dead" drafts. Finbold.

🚀 DWF Labs Launches $250M Fund to Make Crypto Actually Usable (Finally)

DWF Labs dropped a $250 million fund targeting projects that bring real-world usability and simplicity to crypto.. By targeting mid-to-large cap tokens that regular people might actually use, they're basically admitting crypto UX currently sucks (we knew). Skeptics will doubt this changes anything, while secretly praying their grandparents don't start asking them how to use MetaMask. ecoinimist.

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