OVERVIEW

Bitcoin Hits Highs, Haters Cry

It’s happening. Bitcoin hit new ATHs again, and a good chunk of the altcoin market is up double-digits. The altcoin charge may be upon us. 🏇

Haters all over X and social about Bitcoin hitting new all-time highs - but that’s pretty par for the course for the non-crypto people.

And inflation data is tomorrow - bullish or bearish, expect some whipsaw in price action.

In today’s Litepaper, we discuss Stablecoin yields back at 20%, Bitcoin’s new ATH, and one of the biggest jerks in crypto.

By the way, if you've been following us on Stocktwits, you can now follow us on X @StocktwitsCrypt. We’ll see you over there! 🫡

Here's how the market looked at the end of the trading day:  

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STABLECOINS
Stablecoin Yields Are 20% Again

DeFi's back, baby! Those crazy 2022 stablecoin yields are back to the 20% APY range. 👍

$AAVE and $COMP are back to dishing out these juicy returns on $USDC and USDT, making bank accounts look downright pedestrian. But here's the kicker: while these returns could make a crypto enthusiast's heart flutter, they're part of a dance with volatility, where borrowed stablecoins fuel speculative crypto ventures aiming for the moon. 🌚

STABLECOINS
Technically Speaking - March 11, 2024

What needs to be said about today?! 📈

There’s not enough room to look at everything, but we should look at a few. Tomorrow’s Litepaper is the big fun technical analysis, so we’ll have lots more to look at on Tuesday.

NEWS
Crypto’s Most Punchable Face

The image above is Richard Heart. He’s just another version of SBF or Do Kwon, except Heart looks like he raided the extra’s wardrobe for District 1 from the Hunger Games movies. 🤡

Yesterday, at 11:25 AM EST, he posted this:

In a nutshell, RH says the version of his scam coin, eHEX, on Ethereum - the one where people have it locked up for 15 friggin years is not the real HEX, the real scam coin, HEX, is on RH’s ScamChain PulseChain. The result? About what you’d imagine:

Ya, -74% looks bad, but when you consider this Godzilla shit coin of shit coins was already down -98% from its all-time high, yesterday’s dump moved it to -99%. 🤦‍♂️

STOCKTWITS CONTENT
A Brand New Momentum Monday 👀

Stocktwits community lead Tommy Tranfo is joined by co-founder Howard Lindzon and chart wizard Ivanhoff every week on "Momentum Monday."

In this week's episode, the group discusses:

• Is Apple’s dip buyable or is there more weakness to come? 🍎

• What to make of Nvidia’s reversal and Coinbase’s relentless rally 📊

• Howard’s thoughts on SoFi Technologies as neobanks rebound 🏦

• Community AMA and top picks for the week ahead 🤩

Watch it now on YouTube and subscribe to catch each episode when it goes live!

CRYPTO NEWS
Crypto News In Three Sentences - March 11, 2024

🥈 Bitcoin's market capitalization soars: BTC surpasses silver to become the eighth most capitalized asset globally. This milestone follows Bitcoin reaching a new all-time high of $72,000, driven by ETF approvals and an anticipated spike to $100,000 by the end of 2024. Analysts attribute the surge to a 44% spike in February and record open interest in Bitcoin futures, signifying investor confidence. From Cryptonomist

💬 Donald Trump expresses positive views on Bitcoin: Recognizing its widespread use and potential as an additional currency form, during a CNBC interview, Trump's remarks coincided with Bitcoin reaching a new all-time high of $72,000. Despite advocating for Bitcoin, Trump cautioned against abandoning the dollar, emphasizing its importance to the nation's economic standing. Bitcoin Sistemi has more

🌐 The UAE adopts Cardano blockchain for securing criminal investigations: The Dubai Police's Cardano-based project ensures the secure sharing of sensitive forensic data, marking a leap in blockchain utility for public safety. This adoption underscores Cardano's capability for secure, decentralized data management, enhancing international cooperation in criminal investigations. More from Coin Edition

💼 Uh Oh: UK-based crypto firm Copper is reported to have transferred over $4.2 million in Ethereum to a wallet associated with Russian national Jonatan Zimenkov, later sanctioned by the US. The transfers, made before Zimenkov faced sanctions, are still enough to get Copper into trouble. From CryptoNews

🕹️ The Readyverse, inspired by "Ready Player One," unveils its first battle royale game: The game, Open, features a mix of nostalgic elements and modern gameplay, is set to launch on PC and current-gen consoles. With Unreal Engine 5 at its core, the game promises interoperability and will incorporate various notable brands and IPs, including a teaser showcasing the DeLorean car and Reebok sneakers. Decrypt has more

LET’S GET SOCIAL
Follow Stocktwits Crypto

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Links That Don’t Suck

🪙 Billionaire Bill Ackman reveals why he will buy Bitcoin

🤔 Has MATIC’s bull run started? What you need to know

🏘️ London’s ultra-rich can pay rent using Bitcoin amid bourgeoning adoption levels

🕵️‍♂️JPMorgan Chase employee steals $1,800,000 from customers and victims of elaborate romance scam: Report

Get In Touch

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