📊 One Crazy Weekend

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Good Morning!  

Despite no ETF inflows over the weekend, it was anything but boring. Bitcoin dropped to lows of $64,500 before climbing back, meme coins on Solana traded for BILLIONS of dollars, and BTC Inscriptions flipped some of the biggest NFT projects in market cap.

Let’s jump in. 👇️ 

Markets

Bitcoin Back Above $67K as Meme Coins Push up SOL and AVAX (3 minute read)
Bitcoin played a game of highs and lows over the weekend, touching $67,800 amidst the pre-FOMC market jitters. At one point it dived to $64,500 then leaped above $67,000. Investors shrugged off their fears and embraced the dip.

Meanwhile, the big bad FOMC shadow looms, with BTC feeling the heat from macroeconomic worries, especially with inflation and potential interest rate hikes on the horizon.

Besides BTC, meme coins continued to go crazy over the weekend. With their market cap skyrocketing to over $55 billion, marking an 11% increase.

PRIME Pumps on 'Parallel' Maker’s Solana Game News (3 minute read)
Parallel Studios is diving headfirst into new waters with Colony, a survival simulation game powered by generative AI, and guess what? They're shaking things up by launching it on Solana. Meanwhile, their PRIME token continues to be a top performer, shooting up 33% in just a week and setting a new all-time high on Sunday. 

This is happening while other gaming tokens seem to be cooling off after a hot streak last weekend. CoinGecko's GameFi category is painting a pretty red picture recently. But, PRIME's soaring isn't a solo act. Ronin's RON token, part of the Ethereum gaming network, has also hit a milestone, reaching a new all-time high midweek. This surge comes after over two years, proving that in the crypto game, patience might just be rewarded.

Bitcoin Ordinals NFT interest soars as NodeMonkes records 53% surge in floor price (2 minute read)
NodeMonkes, Bitcoin's first 10k pfp inscription project, just knocked it out of the park, outshining the Bored Ape Yacht Club in market cap. Nodes saw their floor price skyrocket by over 50%. Node Monkes reached a local high of 0.83 BTC (hey, that's $55,890!). This meteoric rise catapulted NodeMonkes to the number two spot in the NFT market cap world, trailing behind the legendary CryptoPunks at $1.76 billion.

Node Monkes sales went through the roof with a 140.8% increase in 24 hours, racking up sales of $5.1 million. Not to be left out, Runestone, another Bitcoin NFT heavyweight, saw its floor price jump by 40.7%, boosting its market cap to $306.5 million and earning it the title of the sixth-largest NFT collection by market cap.

Misc

US prosecutors seek decades in prison for Sam Bankman-Fried (2 minute read)
Sam Bankman-Fried, former FTX founder, could be looking at a whopping 40 to 50 years in the slammer if U.S. prosecutors have their way, as revealed in a court filing on Friday. The prosecutors laid it out plain and simple: Bankman-Fried's been nailed for one of the grandest financial frauds in the books. They argue that because he was the puppet master behind this mess, he should face a punishment that fits the crime – a severe one.

They're not pushing for the over-the-top 100+ years he could technically get. Instead, they're gunning for a sentence that'll make it crystal clear to everyone: mess with financial trust, and you're in for a world of trouble. They believe 40 to 50 years should do the trick, making sure Bankman-Fried can't pull any more stunts and sending a loud message.

Binance offers $5M reward for insider trading tip-offs (3 minute read)
Crypto exchange Binance has announced that it will offer a $100,000 to $5 million reward for those who provide them with reports on potential insider trading or corruption within the exchange. On March 16, Binance announced that it would list the Solana-based memecoin Book of Meme (BOME) on the exchange. Ahead of the Binance listing, a crypto whale bought 314 million BOME tokens for $2.3 million on the Raydium decentralized exchange at an average price of $0.0074. After the listing, the value of the tokens pumped to a high of $0.026, making the tokens worth around $8 million.

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