OVERVIEW

1 More Day 😱

One more day until the halving, and it feels like crypto got its first strong green day in a while. Will it continue? Let’s see what the halving does. 👀

In today’s Litepaper, in honor of the upcoming halving, a look at some of Satoshi’s most notable quotes.

Also on deck: How Coinbase’s case against the SEC could trigger a future Ripple vs. SEC case at the Supreme Court, Injective Protocol’s drive to bring DeFi worldwide, and some big bullish accumulation of BTC during the most recent dip.

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

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

NEWS
Satoshi’s Words From The Past 📜

With the Bitcoin halving almost here, it's like Satoshi Nakamoto just won't stay quiet—even in his absence. His cryptic words are making rounds again, sparking a blend of nostalgia. 🚀

The following are just some of Satoshi’s words.

“The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.”

“The nature of Bitcoin is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime.”

“Lost coins only make everyone else’s coins worth slightly more. Think of it as a donation to everyone.”

“Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. Their massive overhead costs make micropayments impossible.”

“Writing a description for this thing for general audiences is bloody hard. There’s nothing to relate it to.”

“It is strictly necessary that the longest chain is always considered the valid one.” 

Satoshi’s words and warnings resonate as much today as they did 15 years ago. 🕒

ANALYSIS
The Halvening - What Has Happened Before

Reposting this because we’re one day away from the halving.

Bitcoin’s next halving is less than 10 days away, with the current ETA of April 18, 2024, at 7:22 AM EST. 🚀

How has Bitcoin behaved during its past halvings? Let’s look:

Some Key Takeaways

1. 30 to 90 days post-halving price action appears to be ‘meh’. Negative to slightly neutral price action seems normal.

2. Price action is overwhelmingly positive 6 months to 12 months after a halving.

Not to throw a wrench in the cogs of excitement here, but here’s another thing to think about: there have only been three halvings before, and three is hardly a number big enough to determine if something is a trend - so keep that in mind. 🧠

NEWS
Ripple vs. SEC: Supreme Court Showdown? 🧑‍⚖️

The Ripple ($XRP) vs. SEC saga could be heading to the Supreme Court, thanks to a twist in the Coinbase ($COIN) case. 🏛️

The issue is whether the sale of XRP, or the type of sale, is considered a security. Additionally, the SEC had a recent ‘win’ in early March when Judge Tana Lin’s ruling upheld the SEC’s jurisdiction over the case and that some of the cryptocurrencies traded were securities.

But Ripple has dug in for the long haul, ready to battle it until the bitter end. This case isn’t just about one token; it's about setting the stage for how crypto dances with U.S. regulators moving forward. Let's see if Ripple's resilience pays off in a legal leap forward. ⚖️

STOCKTWITS CONTENT
New “Trends With Friends” 🍿

Stocktwits co-founder Howard Lindzon chops it up with pals JC Parets and Phil Pearlman every Thursday on "Trends With Friends."

Watch the latest on YouTube and Spotify, and subscribe to catch each episode when it goes live!

NEWS
Bridging the Gap: Injective and Jambo Unite to Democratize DeFi 🌉

Injective ($INJ) and Jambo are teaming up to send DeFi mobile, targeting millions in Africa, Latin America, and Southeast Asia. 🌍

Bringing blockchain to the masses, Jambo’s $99 smartphone comes preloaded with all the DeFi and gaming goodies you could want. Meanwhile, Injective is throwing its considerable blockchain clout behind the effort, hoping to make DeFi as daily as texting.

It’s one of the most aggressive attempts to bridge the digital divide, promising to plug whole continents into the crypto grid. With backers like Binance and big names like Mark Cuban, they're aiming to make a tangible difference on Earth. 🌐

NEWS
Bitcoin Bears Beware: $1.72 Billion Moves to Accumulation Amid Dip 🐻

Just when you thought the Bitcoin dip was a downer, along comes a bullish twist. Post-crash, a whopping $1.70 billion in Bitcoin found its cozy way into long-term holder addresses. 📉

Despite Bitcoin's recent price drop, between 28,000 and 29,000 $BTC have flowed into those wallets—wallets that haven’t moved for years.

As we edge closer to the next Bitcoin halving, this re-accumulation phase could set us up for a lengthy spell of market meandering. History hints we might hover around the $55k to $62k mark for a while. Let's see if this dance around the dip turns into a rebound rally or more sideways shuffling. 🔄

Links That Don’t Suck 🔗

😱 SkyBridge Capital founder highlights Bitcoin’s profitability over four-year periods

🪙 A decade without an audit, Tether says it’s a new business

👻 Former Disney boss launches Web3 game publisher with Marvel, Star Wars talent

✊ Crypto fans crushed: Gensler punks with resignation fakeout

🥇 Cardano secures best Layer-1 solution award for 2024 as traders envision $1 ADA Price

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