🤯 $40B Gone From Market

Plus Bitcoin mining now hits 54.5% sustainable energy

Good Morning!

First up, a staggering $40 billion has poofed away from the crypto markets faster than you can say "Bitcoin," as BTC took a nosedive below $41K. It's like a magic trick, but nobody's clapping.

Over at Ethereum Foundation, they're stirring the pot by unloading $1.68 million worth of ETH. Talk about adding a little extra spice to the market!

Meanwhile, Manta Network has been facing a DDoS attack just as they hit the high note with their exchange listing. It's like throwing a party and having uninvited guests show up!

And for a breath of fresh air, Bitcoin mining is going greener than a St. Patrick's Day parade, hitting a record 54.5% in sustainable energy usage. They're not just mining; they're eco-mining!

Markets

$40B Gone From Crypto Markets as Bitcoin Drops Below $41K (5 minute read)
For a little while, BTC has been playing it cool and trading sideways for a while, but it decided to shake things up again and slipped below the $41,000 mark. And it's not partying alone - most of its altcoin buddies, like AVAX and SOL, have joined the fun, taking a more than 5% dive themselves.

Ethereum Foundation heaps pressure on market with $1.68 million in ETH sales (4 minute read)
The Ethereum Foundation, our friendly neighborhood blockchain supporter, has been busy with its piggy bank again! This time, according to the crypto detectives at Arkham Intelligence, they've cashed out a cool $1.6 million by saying goodbye to 700 ETH.

They swapped it for some comfy DAI stablecoin, using the CoW Protocol as their magic wand. And where did this digital treasure go? Straight to a mysterious address, "0x9ee…313D," which Etherscan has dubbed the 'Grant Provider'. Sneaky, right? This isn't their first rodeo either. Back in January, they did a similar trick, turning 100 ETH into $253,000.

Tech

Manta Network experiences DDoS attack amid exchange listing (3 minute read)
Manta Network, the layer-2 blockchain with the zero-knowledge proof tech, had quite a day! Just as they were basking in the glory of their token getting listed on multiple exchanges, they got hit with a massive distributed denial-of-service (DDoS) attack. Talk about raining on their parade! But don't worry, they've got their act together now and have resolved the issue.

Bitcoin Mining Hits 54.5% Sustainable Energy Usage, Significantly Reducing Emissions (3 minute read)
Bitcoin mining just hit a green milestone! According to the Bitcoin ESG Forecast, they're now using sustainable energy like it's going out of style, reaching a record high of 54.5%. This eco-friendly achievement, analyzed with the help of the snazzy BEEST model, shows a 3.6% jump in sustainable mining practices for 2023. Bitcoin miners are now the cool kids on the block when it comes to using sustainable energy, leading the way in the energy-conscious tech world.

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