BitDAO(BIT)

The White House isn’t doing any favors for derivatives traders by turning a blind eye to the biggest players in the space.

Coinbase's former CTO, among others, has predicted that bitcoin will reach $1 million as the dollar fades, but these doomsayers are ignoring other historical precedents.

But the largest cryptocurrency by market capitalization is still up about 16% in March. Ether dropped below $1,800.

Despite global bank turmoil and regulatory crackdowns, traditional and decentralized finance (DeFi) are continuing to blend.

All the pieces are in place for BTC to rally to $30,000, but escalating economic uncertainty and regulatory pressure add strength to the key resistance level.

Securities processor Deutsche WertpapierService Bank (dwpbank) will provide its affiliates seamless integration with their current offerings, with more digital assets to come.

The Arbitrum airdrop has created quite a hype in the DeFi industry, with several fake airdrops and exploits leading up to the distribution.

Bitcoin and altcoins could see profit taking and risk-off positioning as the weekend approaches and investor concerns about Deutsche Bank arise.

The banking crisis is a catalyst for the next crypto bull run, in which Bitcoin will likely outperform all crypto assets, says Bloomberg analyst Mike McGlone.

Someone is trying to cash out bitcoin from an exchange that has been inactive since the U.S. shut it down in 2017.

Bitcoin NFT inscription activity continues to rise and the launch of new BTC specific marketplaces could lay the groundwork for the next hype cycle.

The technical document suggests that ARB has a total supply of 10 billion.

Based on the precedent set by many crypto projects, including this week's example with Arbitrum's airdrop of its ARB token, the speculation over a possible zkSync airdrop isn’t totally unfounded.

The biggest threat from the banking crisis triggered by this month’s collapse of Silicon Valley Bank might not lie in the potential for depositors to lose their savings but in the censorship power that massive banks are now accumulating as customers move their money.

NFTs continued to grow beyond their humble Ethereum roots this week, with Magic Eden becoming the first major NFT marketplace to offer Bitcoin-based collectibles on its platform. Web3 gaming was also in the spotlight, as Sony filed a patent that could make NFTs transferable between different games and consoles. Meanwhile, blockchains Immutable and Polygon announced a major partnership aimed at making it easier for developers and game studios to jump into Web3.

BTC/USD Pares Some Gains: Sally Ho’s Technical Analysis – 25 March 2023 Bitcoin (BTC/USD) continued to give back some recent gains early in the Asian session as the pair traded back below the 28000 figure after recently trading as high as the 28937.73 level, its strongest print since June 2022. Stops were elected below the 27858.73 and 27626.99 levels during the pullback, downside retracement levels related to recent selling pressure around the 28839.68 and 28500 levels. The 27252.39 area represents a related downside price objective, and this level is right around the 200-hour simple moving average. Technical trading activity was also evident when BTC/USD was supported around the 26678.16 level during a pullback, a test of the 23.6% retracement of the recent appreciating range from 19568.52 to 28937.73. Stops were elected below the 28329, 28014, 27758, and 27503 levels during the recent depreciation, retracement levels associated with the short-term appreciating range from 26678.16 to 28839.68. Following the recent appreciation, upside price objectives include the 29244.66, 29639.37, 30127.80, 30275.12, 30763.09, and 31477.37 levels. Following the ongoing appreciation, retracement levels and areas of potential technical support include the 25948, 25756, 25358, 24253, 24099, 23789, 23147, 22605, and 22198 levels. Below current price activity, downside price objectives include the 19266, 19132, 19106, 19006, 18981, 18919, 18822, 18116, 17720, 17523, 17457, 17230, and 17196 areas. Traders areobservingthat the50-bar MA (4-hourly)isbullishly indicating above the 100-bar MA (4-hourly)andabove the200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bearishly indicating below the 100-bar MA (hourly) and above the 200-bar MA (hourly). Price activity is nearest the50-bar MA(4-hourly) at 27293.03 and the100-bar MA(Hourly) at 28022.71. Technical Supportis expected around25256.83/ 24224.60/ 21753.70 withStopsexpected below. Technical Resistanceis expected around29244.66/ 29639.37/ 30127.80 withStopsexpected above. On4-Hourlychart,SlowKis Bearishly below SlowDwhileMACDis Bearishly below MACDAverage. On60-minutechart,SlowKis Bullishly above SlowDwhileMACDisBearishly below MACDAverage. Disclaimer: Sally Ho’s Technical Analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

Cardano’s commercialization arm Emurgo has entered into a partnership with Bitkub exchange, the largest crypto exchange in Thailand, and its digital asset education hub, Bitkub Academy.

Bitcoin has swept the globe and established itself as a well-liked investment choice for many people. Due mainly to the success of Bitcoin and Ethereum, the cryptocurrency industry has recently seen a rise in popularity. Investors have, however, been interested in more than that. Dogecoin, a cryptocurrency with meme inspiration, has gained popularity in the cryptocurrency space, and its success has led investors to search for other investment opportunities. Five alternatives to Dogecoin are examined in this article: DigiToads (TOADS), Tamadoge (TAMA), Dogelon Mars (ELON), Baby Dogecoin (BABYDOGE), and Shiba Inu (SHIB). DigiToads (TOADS) DigiToads, often known as TOADS, is a cryptocurrency that has recently attracted the interest of several traders and investors. It was introduced as a play-to-earn meme coin in early 2023, and its presale has shown great promise. The unique notion of DigiToads is one of the distinguishing qualities that sets it different from other cryptocurrencies. It is intended to be a platform driven by the community and pays users for their involvement. Users may earn TOADS tokens by participating in various platform activities, including playing games, on-chain trading competitions, TOAD school, meme contests, and staking. The presale will include $150,000 worth of giveaways, encouraging the new members to join the community and increase their reward chances. The restricted quantity of DigiToads is another aspect that makes it a desirable investment option. Just 585 million TOADS tokens will ever be produced, with an automated burning mechanism reducing the number further. This deflationary model distinguishes TOADS from Dogecoin, whose unlimited supply has been a major factor restricting the token from rising in value. Overall, DigiToads is an ultimate alternative for DOGE with its generous utility, real use cases, and smart tokenomics. With an already audited smart contract and doxxed team, the project is expected to reach the moon. Visit The DigiToads Website: https://digitoads.world Tamadoge (TAMA) Tamadoge (TAMA) is a wildly successful meme currency with an intriguing roadmap. Tamadoge was first introduced to the market in 2021, and with its fascinating combination of NFTs and Play-to-Earn (P2E) principles, it quickly gained attention. The main factor contributing to TAMA's success is its innovative use case. TAMA is designed to be used in a decentralized game called Tamadoge, a play-to-earn game that allows players to earn TAMA tokens by completing various tasks and challenges. This concept has proven popular with gamers and has helped drive demand for the TAMA token. Another main feature of TAMA is its strong community. The team behind TAMA has made a strong effort to create a welcoming and inclusive community focused on the project's long-term success. This has helped to create a loyal following of investors who believe in the project's potential. Tamadoge's popularity has been strengthened even further due to the publication of the "Tamadoge Arcade," which currently has three games. The Tamadoge team is also preparing for the much-anticipated augmented reality (AR) app launch with a Tamadoge theme. With the use of this software, users can observe and communicate with their Tamadoge dogs in the real world and even engage in competitive combat. Dogelon Mars (ELON) Dogelon Mars (ELON) is a relatively new cryptocurrency that has gained much attention recently. The name itself is a nod to Elon Musk, the famous CEO of Tesla and SpaceX, who has been known to tweet about various cryptocurrencies, including Dogecoin. Dogelon Mars is a decentralized finance (DeFi) project that operates on the Ethereum blockchain. It was created by a group of anonymous developers who were inspired by the success of other meme-based cryptocurrencies like Dogecoin. Future Mars and beyond colonists will be able to use ELON tokens as an "intergalactic currency," according to the token's developers. However, no whitepaper or detailed roadmap has been published by the project team yet. Official Dogelon Mars lore states that the project's most crucial plans will be unveiled upon Mars's re-colonization in 2420. The project's narrative motivates the ELON crypto community to campaign for the token's inclusion on major exchanges and to keep their heads up in the face of the market's volatility. Developers of Dogelon Mars have also announced plans to release a new staking feature that will allow users to stake their ELON tokens in exchange for xELON. This multifunctional token is said to offer exciting new incentives for the Dogelon Mars decentralized finance (DeFi) ecosystem. In addition to the hazy plans that Dogelon Mars has for expanding to other planets, the project has also started publishing a comic series on its website centered around Dogelon. Baby Dogecoin (BABYDOGE) Baby Doge is a digital token developed by the Dogecoin community. According to the website, Baby Doge tries to win over his dad with lightning-fast transactions and cuteness. Baby Dogecoin is a hyper-deflationary token created to increase in value as time passes. However, unlike other crypto projects' burning mechanisms, in baby doge's case, every time a user makes a purchase, they receive a new coin in their wallet. Some of those coins are also added to the decentralized exchange PancakeSwap as part of a liquidity pair. Charity organizations also benefit from redistribution. The website for baby doge coin claims that its creators have given over $750,000 to dog-related organizations like the Humane Society, the ASPCA, Paws with Cause, the North Shore Animal League, and others. About 115.114 quadrillion baby doge in circulation from 420 quadrillions can ever be created. Despite claims that one doge baby is hyper-deflationary, the total supply is still quite large and could have dire consequences during bear markets. The developers of Baby Doge Coin say the token is a fun meme with a serious mission to rescue dogs in need and bring crypto adoption to the mainstream with new concepts like rewards, NFTs, decentralized exchanges, and credit cards for crypto payment on our website. However, there is currently a limited practical application for the coin. Nonetheless, support from the community continues to be high, and the deflationary mechanism provides a real solution to the problem that father Dogecoin had been facing for so long. Shiba Inu (SHIB) A person going by the moniker "Ryoshi" invented the Ethereum-based cryptocurrency known as Shiba Inu (SHIB) in August 2020. The Shiba Inu dog breed, which became renowned as an online joke, served as the model for the coin's name and graphic. SHIB has developed into a genuine cryptocurrency with a committed community of investors and supporters, despite its roots as a joke. SHIB's emphasis on fostering community is one of its key characteristics. To encourage its users to interact with the platform and with one another, the project has started several projects. For instance, it developed ShibaSwap, a decentralized exchange that enables users to trade SHIB and other cryptocurrencies without depending on centralized exchanges. Shiba Gallery, a non-fungible token (NFT) marketplace developed by the project, enables artists to display and sell their creations using SHIB. The tokenomics of SHIB is another important aspect. As there are one quadrillion tokens in the coin's total supply, there is a lot of liquidity accessible for investors. However, the project's team has also taken several steps to guard against the currency suffering undue inflation. For instance, they burnt half of the SHIB token supply, reducing the number of tokens in circulation and raising the value of each token as a result. Despite just being recently launched, SHIB already has a sizable fanbase. The coin's market valuation has surpassed $6 billion and is listed on some significant exchanges, including Binance, KuCoin, OKX, Huobi Global, and Kraken. Bottom Line Dogecoin continues to be a well-liked option among cryptocurrency investors and fans, but there are a ton of other choices available for individuals looking to diversify their portfolios or discover the next big thing in the crypto industry. All of these digital currencies—DigiToads (TOAD), Tamadoge (TAMA), Dogelon Mars (ELON), Baby DogeCoin, and Shiba Inu (SHIB)—offer distinctive characteristics and potential for growth. As cryptocurrencies are still expanding and becoming more widely used, it's impossible to predict which altcoin will have a price explosion shortly. Still, these five Dogecoin alternatives are worth keeping an eye on. For More Information on DigiToads visit the website, join the presale or join the community Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

ARK Invest CEO and BTC supporter Cathie Wood believes that major institutions will turn to Bitcoin amidst the U.S. banking crisis. Banking Troubles Can Help BTC In an interview, ARK Invest CEO Cathie Wood believes that the current banking troubles nationwide will push institutions toward a more diverse portfolio, especially crypto investments. Wood has long since been a champion of BTC and has been buying up the dip throughout the 2022 bear market to strengthen the BTC coffers of her company, ARK Invest. In the interview, she stated that the banking crisis could lead to a loss of liquidity, which would hurt traditional assets. Furthermore, she pointed out that BTC moving away from the equity markets was “quite instructive.” Wood Talks BTC Future The company’s ARK Big Ideas 2023 report had estimated a base case prediction for the premier crypto, claiming it would cross the $680,000 mark by 2030. Wood reiterated her faith in the premier crypto, claiming she remains confident in BTC’s ability to hit the mark in the estimated time frame. She even stated that these predictions are quite conservative and have been dialed down since last year. She said, “I know that corporate treasuries pulled away from Bitcoin because the regulators were pulling them away from Bitcoin on their balance sheets. So we’ve pulled back there. But we do believe that the behavior of the price through this crisis is going to attract more institutions, for example.” The Next “Roaring Twenties” She equated Bitcoin with certain asset classes of previous decades that were key in helping certain institutions diversify their portfolios, giving examples of real estate assets in the 70s, emerging markets in the 80s, and small-cap stocks in the 90s. Wood believes that institutional investors need to allocate between 2.5% to 6.5% of their portfolios to Bitcoin and crypto. She predicts that once the Federal Reserve pivots toward crypto, there will be a resurgence of a thriving economy similar to the “Roaring Twenties,” helped partly by innovative technologies like blockchain and cryptocurrency. ARK Invest has recently added $20 million in Block shares and $30 million in Coinbase shares to its funds. Unfortunately, ARK suffered a double blow as an activist short seller targeted Block Inc, and SEC issued a Wells notice to Coinbase. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Bitcoin refuses to give up recently reclaimed support as Deutsche Bank shows that the banking crisis is far from over.

UBS agreed to purchase the struggling former giant Credit Suisse, while Deutsche Bank's stock plummeted this week.

With more than $2 billion in trading volume in the first 24 hours, the $ARB token has finally dropped onto exchanges after a turbulent launch. Issues and volatility at launch The most keenly anticipated token launch for many years has just taken place. With Arbitrum becoming one of the most used layer 2 blockchains for scaling on Ethereum, the launch of its token was always going to be a huge event. After initial issues, namely that those eligible for the $ARB airdrop couldn’t claim their tokens straight away given that the Arbitrum landing page crashed under the deluge of would-be claimants However, once exchanges started trading the token the expected extreme volatility ensued. Coinmarketcap had the $ARB token start trading at more than $11, but then some intense fluctuations followed, and the token began to make its way down to a far more reasonable valuation of between $1 to $2 dollars. At time of writing, $ARB is trading at $1.42 on Coinmarketcap, $1.49 on Binance, and $1.41 on Kucoin. Expect this Arbitrum arbitrage gap to close as trading becomes more settled. Crypto profits from bank nerves Elsewhere in the crypto ecosystem things are generally muted and to the downside. Bitcoin remains strong at above $28,000. At less than 1% down on the day the king of the cryptocurrencies is perhaps gathering itself ready for another move upward. After the recent bank scares and with the way central banks printed currency with abandon in order to prop the system up, many are looking to assets outside of the banking system with which to hedge their wealth. Some obvious candidates here are Bitcoin, crypto, and precious metals. Gold is just under $2,000, and silver is motoring at $23.37 an ounce so far today. Bitcoin dominance Crypto is perhaps more of a speculative play right now, as bitcoin dominance is definitely in the ascendency. However, for those looking at bitcoin possibly pulling back in dominance as it reaches 48%, a possible short term altcoin surge could be on the cards. The ETH/BTC pair could perhaps turn around now, given that $ETH has dropped more than 11% against $BTC over the last couple of weeks. Also, with the April 12 Shanghai hard fork looming into view, expect $ETH to perhaps start gaining strength going into this major event. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The U.S. central bank's liabilities may increase if more regional banks fail, creating an upside scenario for the price of Bitcoin.

[PRESS RELEASE – Please Read Disclaimer] This past week has been full of excitement in the DeFi space; we’ve seen a mini market rally, ApeSwap and Onyx DAO both launch on Arbitrum, and most exciting of all, Arbitrum finally announced their fabled $ARB token airdrop. Current estimations are that over $1 billion USD worth of […]