• The Bitcoin price faced a drastic downward movement on March 3, causing it to drop to $22,000.
• Many investors recommend buying Bitcoin shares instead of larger amounts with whole Bitcoins.
• Despite the recent price correction and negative headlines, the fundamentals of the Bitcoin network remain stable.

Bitcoin Price Drop

The Bitcoin price experienced a drastic downward movement in the early morning hours of March 3, causing it to drop to around $22,000 in a very short time. This confirmed one forecast in particular: namely the forecast that the Bitcoin course was about to make a directional decision. The cryptocurrency has trended about 4 percent weaker over the past 24 hours of trading, marking the biggest bitcoin sell-off so far this year. An event that many investors could not count on.

Investment Strategy for New Investors

While this should hardly change anything in the strategy for professional investors, it is somewhat different for new investors: For new investors in the crypto market, Bitcoin shares are recommended for entry instead of investing larger amounts of money with whole Bitcoins.

Liquidation Cascade

Over $62 million in long BTC positions were liquidated in a matter of hours. This was the third liquidation cascade within the last 12 months: after the Terra crash and FTX bankruptcy in 2022. How to proceed now? Forecasts are extremely difficult as both positives and negatives can affect price. Investors should therefore follow developments closely and adjust their investment decisions accordingly.

Fundamentals Remain Stable

Despite the recent price correction and negative headlines,the fundamentals of the Bitcoin network remain stable. Network activity shows thatthe hash rate, which measures total computing power onthe proof-of-work network continues to rise despite falling prices since November 2021 . The number of active addresses ontheBitcoin networkhas also increased significantly during this period .

Conclusion

Overall ,the situation fortheBitcoin coursewill remain uncertainin coming weeksandmonths .Analystsseeboth positivesandnegativesthatcanaffectprice .Investorsshouldthereforefollowdevelopmentscloselyandadjusttheirinvestmentdecisionsaccordingly

• AllianceBlock has partnered with ABO Digital to offer tokenized structured products for institutions and crypto projects looking for alternative forms of financing.
• The partnership will leverage ABO Digital’s decentralized and trustless blockchain infrastructure together with the Nexera Protocol to tokenize financial instruments.
• The structured products will provide crypto projects with alternative funding options like issuing tokens to market makers or venture capitalists via a Simple Agreement for Future Tokens (SAFT).

AllianceBlock Partners With ABO Digital

AllianceBlock, a provider of seamless gateways between TradFi and DeFi through its decentralized and trustless infrastructure, has partnered with ABO Digital, the private digital asset investment arm of Alpha Blue Ocean. The two companies have joined forces to offer alternative financing solutions for crypto projects.

Tokenized Structured Products

The new partnership enables AllianceBlock to leverage ABO Digital’s blockchain infrastructure along with the Nexera Protocol in order to tokenize financial instruments. These tokenized structured products are available to institutions and crypto projects that are seeking alternative forms of financing.

Alternative Funding Options

ABO Digital provides convertible bonds, debt issuance, warrants/options and other types of structured financial products which help startups grow their customer base and revenue flow. Through this partnership it is also exploring the provision of alternative financial investments via tokenization. Crypto projects can take advantage of these options by issuing tokens to market makers or venture capitalists through a Simple Agreement for Future Tokens (SAFT).

Revolutionizing the Industry

Rachid Ajaja, CEO of AllianceBlock commented on the partnership saying: “Through this strategic partnership, AllianceBlock is set to revolutionize the industry by leveraging its infrastructure to tokenise traditional financial instruments and new instruments for the digital asset space” He further added that this milestone marks a significant step forward in providing institutions with more compliant and risk-averse ways to benefit from DeFi’s advantages.

Future Of Finance Looking Brighter Than Ever

The future looks bright indeed as this collaboration promises greater innovation, compliance, risk management and transparency in finance than ever before thanks to blockchain technology-based solutions such as those provided by AllianceBlock & ABO Digital.

• Polygon (MATIC) price faces a potential dip to $0.94 if bears breach the major support area.
• A strong bounce at the beginning of this year has been reversed due to market declines.
• The launch of zkEVM mainnet beta on 27 March is likely to trigger new buying momentum for MATIC/USD.

Polygon Price Forecast

Polygon’s (MATIC) price has been on an extended downward trajectory since the sell-off that hit the broader crypto market in late 2022, but saw a strong bounce in the first two months of 2021 before reversing course again due to market declines. If the $1.15 support level is breached, MATIC could potentially dump to lows of $0.94, however there is hope that bulls will be able to reclaim this level and push prices up further with some help from upcoming developments on the horizon.

Technical Picture for MATIC

MATIC currently trades below its 50 simple moving average and 4-hour RSI is slightly sloped below 50 after bouncing off bearish line – suggesting that bears may be more in control at present than bulls. However, the MACD indicator recently flipped bullish and there remains potential for a break out above resistance at $1.18 if buyers can regain control of short term sentiment.

Potential Impact of Bitcoin Movement

The outlook for Bitcoin suggests that bears are not ready to give up territory around $22,500 and any downward flip could affect MATIC movement significantly – potentially resulting in further losses across the market as a result.

zkEVM Mainnet Beta Launch

The Polygon community is also eagerly awaiting the launch of zkEVM mainnet beta scheduled for 27 March, which could trigger new buying momentum for MATIC/USD pushing prices higher towards a possible main hurdle near $1.29 and 200 MA flat lining near this level .

Conclusion

Overall, Polygon’s (MATIC) price currently faces a potential dip to lows of $0.94 if bears breach key support levels and Bitcoin continues its downward trajectory – however some positive news comes in form of upcoming developments such as zkEVM mainnet beta launch which could see renewed buying interest driving prices higher again soon enough

Summary

• CoinShares data shows crypto investment products recorded minor outflows of $2 million.
• Short-bitcoin funds saw inflows of $10 million amid negative sentiment driven by US economic data.
• Bitcoin recorded a total of $12 million in outflows last week, with investors betting on the price going down.

Investment Products Outflow

Digital asset investment products recorded yet another week outflows this past week as macro data continued to weigh on investor sentiment, according to asset manager CoinShares. While weekly outflows across crypto-related products was a minor $2 million, the broader market sentiment was negative as indicated by the large inflows into short investment products.

Short-Bitcoin Funds Inflow

Short-Bitcoin funds saw inflows of $10 million amid negative sentiment driven by US economic data. Investors also bet huge on the price of Bitcoin going down that week, with inflows into short bitcoin funds rising to $10 million. According to CoinShares, the negative sentiment around BTC price last week largely came from the United States and recent macro data has increased fears amongst investors that the US Federal Reserve (FED) will be more hawkish than expected.

BTC Price ReactionCoinbase & Maker News Conclusion
In conclusion , CoinShare’s report showed that crypto investment products recorded minor outflows while short-bitcoin funds saw significant inflows due to negative sentiments towards Bitcoin caused by US economic data . The reaction drove Bitcoin prices down , however they have since recovered and are now back above 23 , 400 dollars .

• Do Kwon, founder of Terraform Labs and creator of LUNA and Terra USD (UST) tokens, has been charged by the SEC with defrauding investors.
• The regulator alleges that he cashed out $100 million worth of BTC through a Swiss bank.
• He is currently on the run from authorities.

Do Kwon Charged By SEC

The United States Securities and Exchange Commission (SEC) recently announced charges against Do Kwon, founder of Terraform Labs. According to the SEC, Kwon and his company orchestrated a scheme that saw him defraud investors.

Kwon Cashed Out Millions Of BTC

As reported by Bloomberg, Kwon’s company had moved and cashed out over $100 million worth of Bitcoin using an unnamed banking provider in Switzerland. The transfers began in June 2022 as part of more than 10,000 BTC stashed in a cold wallet and periodically withdrawn through the Swiss-based bank.

SEC Alleges Fraudulent Transactions

The SEC allege the fraudulent transactions had continued up to the date of its official complaint against Do Kwon and its firm. The collapse of the then $40 billion LUNA ecosystem impacted the wider crypto market amid an intensifying crypto winter – leaving many investors with substantial losses due to this alleged fraud.

Kown Currently On The Run

Unlike Sam Bankman-Fried who was arrested swiftly following the collapse of his firms FTX and Alameda Research, Do Kwon continues to evade capture as he is still on the run from authorities.

Conclusion

In conclusion, Do Kwon has been charged by the SEC for allegedly defrauding investors by cashing out millions worth of Bitcoin via a Swiss bank before going on the run from authorities.

• The Sandbox (SAND) price crashed in the past two days, due to the upcoming cliff unlock date and a risk-off sentiment.
• A cliff unlock is a situation that increases the number of tokens in circulation and can dilute existing holders.
• Sandbox recently announced a major partnership with Saudi Arabia Digital Government Authority, which could counterbalance the news of the unlock.

Sandbox (SAND) Price Crash

The Sandbox price has dropped for two days straight as the cliff unlock date approaches and as a risk-off sentiment took over. The SAND/USDT price has declined to a low of $0.7797, which was lower than this week’s high of $0.937.

Cliff Unlock Date

Crypto tokens have tokenomics which defines the distribution of initial tokens. A cliff unlock is when tokenomics increase the number of tokens in circulation and can dilute existing holders. According to Token Unlocks data, only 56% of all SAND tokens are currently in circulation, while 44% remain locked valued at over $1 billion. On Monday, 372 million tokens worth over $292 million will be unlocked meaning that 2.1 billion total SAND tokens will be in circulation with a market cap of more than $1.17 billion and diluted value of $2.34 billion.

Partnership With Saudi Arabia Digital Government Authority

On Wednesday, Sandbox announced their major partnership with Saudi Arabia Digital Government Authority but it remains uncertain what this partnership will do yet still there is speculation that government may take stake in company ownership for future development purpose .

Sandbox Price Prediction

Turning to daily chart we see that SAND crypto prices pulled back slightly below resistance point at 0.9800 (November 5 high). There seems to be forming cup & handle pattern which normally suggest bullish trend ahead .

Conclusion

It is uncertain whether buying The Sandbox would be safe or not due to upcoming cliff unlocks and partnerships with various digital government authorities yet there is suggestion that cryptocurrency might rise instead if positive news are released by developers before unlocking happens .

• Equinoz’s artwork ‘Cybernetics’ was sold out in 4 minutes on the NFT marketplace playNomm at a record-breaking buyout price of US$16,000.
• The artwork was part of a pre-drop event of the upcoming ‘NFT Korea Festival’ in March.
• Equinoz is an active artist selling on many other NFT platforms such as Open Sea and Super Rare.

On January 31st, the NFT marketplace playNomm (CEO, Sung-Uk Moon) held a pre-drop event of NFT Korea Festival Artwork which was sold out at its highest buyout of US$16,000 in just 4 minutes. The artwork in question was created by Equinoz, one of Superchief Gallery NFT artists, and revealed as part of the second pre-drop edition of the upcoming „NFT Korea Festival“ in March.

The auction was supposed to be carried out until February 8th, however, just 4 minutes into the auction, this artwork was bought out by a collector for 40,120 LM, equivalent to US$ 16,937, ending the auction. Equinoz is a 3D artist specialising in creating delicate and intertwined images between virtual and reality, under the theme of „Visible Future“. He is highly active in many different fields such as art, games, commercial videos, music, clothing brands, and is also an avid seller on many other NFT platforms such as Open Sea and Super Rare.

As a pre-event of the NFT Korea Festival, three NFT auctions were held on playNomm. The 1st drop was Shavonne Wong’s ‚Light in the Shadow‘ which was sold for 65,800LM, the equivalent of US$26,776. As the 2nd drop, Equinoz’s ‚Cybernetics‘ was revealed and sold out in a record-breaking 4 minutes. Finally, the 3rd drop is the upcoming artwork of another artist, which will be revealed on the 7th of February and the auction will run from the 8th to the 15th of February.

The success of the pre-drops is a great indication of the upcoming NFT Korea Festival, which is set to be one of the biggest digital art festivals in the world. With Equinoz’s record-breaking buyout, it is sure to be a showstopper, with many more exciting artworks to come.

• Cardano’s (ADA) price has risen by 7.7% over the last week and by 45% over the last month as the crypto market recovery gains momentum.
• Bitrue, a popular Singapore-based crypto exchange, has announced plans to list the DJED stablecoin together with SHEN, its reserve coin.
• The launch of DJED on the mainnet is expected to take place this month and will make Bitrue the first cryptocurrency exchange to list the much-anticipated stablecoin.

Cryptocurrency markets have been on an impressive upswing since the start of 2023, with Cardano (ADA) being one of the most notable gainers. Over the last week, the price of Cardano has risen by 7.7% and by 45% over the last month. This bullish market sentiment has been further bolstered by the upcoming launch of DJED, Cardano’s over-collateralized algorithmic stablecoin, which is expected to take place this month.

In anticipation of DJED’s launch, Bitrue, a popular Singapore-based crypto exchange, has announced plans to list the stablecoin and its reserve coin SHEN. This announcement has created a great deal of excitement in the Cardano community, with COTI Network tweeting about it. Bitrue will become the first exchange to list the much-anticipated DJED once it is launched, although the exact listing date has yet to be announced.

The launch of DJED on the mainnet is expected to bring about numerous benefits to Cardano, from increasing the liquidity of ADA to providing more use cases for the cryptocurrency. It is hoped that the listing of DJED on Bitrue will further contribute to the growth of Cardano and its associated ecosystems.

The Cardano community is already looking forward to the launch of DJED and its listing on Bitrue. The integration of the stablecoin is expected to provide a major boost to the Cardano network and its associated ecosystems, leading to increased liquidity and more use cases for the cryptocurrency. With the launch of DJED on the horizon, Cardano appears to be well-positioned for a strong year ahead.

• Investors fear that Binance exchange may not last through the bear market.
• The MCADE presale attracted seven figures worth of funding and sold out the beta phase in just three weeks.
• Binance’s BTC liabilities were $245 million bigger than their BTC reserves, meaning an FTX-style bank run could cause major problems.

Cryptocurrency investors are in a state of fear and uncertainty as Binance exchange, the largest crypto exchange by volume, faces potential collapse. After FTX collapsed in November, Binance exchange conducted a proof-of-reserves audit to show that digital assets fully backed user funds; however, some have highlighted a key inconsistency in the report. Binance’s BTC liabilities were $245 million bigger than their BTC reserves, meaning an FTX-style bank run could cause major problems. In such an event, Binance may be forced to pause withdrawals and sell other assets, which could have a negative impact on price action for the entire crypto market.

The hesitancy of Binance’s CEO, Changpeng Zhao, to hire a top four auditing firm to reveal liabilities has only further invited fear, uncertainty, and doubt (FUD) during the 2022 crypto bear market. Despite this, investors are still optimistic about the long-term future of Web3, and Metacade has been a key project bringing positive sentiment back to the crypto markets. The MCADE presale attracted seven figures worth of funding and sold out the beta phase in just three weeks.

Metacade is a blockchain-based gaming platform that allows users to create and play games, build communities, and earn rewards. The platform offers a variety of features, such as customizable avatars, leaderboards, and tournaments. The platform also has a marketplace for users to exchange items. Metacade has become popular among gamers, especially those interested in competitive gaming.

With the future of Binance exchange uncertain, investors are turning to alternative projects to find security and stability. Metacade is one such project that is bringing optimism back to the crypto markets. The MCADE presale was a huge success, and investors are looking forward to the full launch of the platform. The success of the presale is a promising sign for the future of Web3, and investors are hopeful that Metacade will prove to be a safe haven in the face of Binance’s uncertain future.