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Markets

Ethereum Price Tops $3,100 (3 minute read)
Renowned analysts are noting a resurgence in Ethereum's strength against the backdrop of a prolonged period of weakness relative to Bitcoin. Raoul Pal highlighted a compelling dual-chart pattern in his analysis of the ETH/BTC trading pair, emphasizing the formation of a "mega wedge" alongside an inner descending channel, suggesting the potential for a significant breakout for Ethereum against Bitcoin. Pal expressed optimism about the chart's setup, anticipating the next big move and signaling potential for substantial growth. Additionally, seasoned analyst Christopher Inks, founder of Texas West Capital, echoed similar sentiments, he tweeted the following.

Worldcoin surges despite AI regulatory challenges (3 minute read)
Worldcoin (WLD) has seen a remarkable surge in its price, currently trading at $8.85, reflecting a staggering 253% increase over the past 14 days. Several factors have contributed to this recent upswing. Firstly, the launch of OpenAI’s Sora, a platform leveraging artificial intelligence to transform text into realistic videos, has played a pivotal role, particularly given Worldcoin co-founder Sam Altman's association with OpenAI as CEO and co-founder.

Additionally, a significant accumulation of WLD tokens, valued at $5.82 million, by a whale wallet on Binance has bolstered the token's momentum. Furthermore, the increasing adoption of the World App, aimed at providing decentralized identity solutions, is evidenced by a surge in users, with a record 16,000 daily Orb verifications.

Tech

Satoshi warned against labeling bitcoin as an ‘investment’ (3 minute read)
Newly revealed emails attributed to the pseudonymous bitcoin creator Satoshi Nakamoto surfaced on Friday, shedding light on the early days of bitcoin and offering readers a deeper understanding of its inception and the workings behind its network launch.

Released by Martii Malmi, these emails not only contribute to the existing lore surrounding bitcoin but also provide glimpses into Satoshi's personality. In one instance, Satoshi expressed enthusiasm, remarking, "this is going to be fun!". Particularly notable is Satoshi's reluctance to categorize bitcoin as an "investment,”.

MicroStrategy’s X account appears hacked with phishing messages, at least $440,000 stolen (1 minute read)
On Monday, it was reported that MicroStrategy's X account had been compromised, with hackers allegedly posting phishing messages. According to a pseudonymous crypto individual identified as Spreek on X, ZachXBT, a blockchain researcher, indicated in an X post that potential losses from the compromise could amount to at least $440,000. The compromised MicroStrategy's X account purportedly shared several messages, deemed phishing attempts, promoting an airdrop of "MSTR token" and directing users to a website registered under the domain "microstralegy."

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Misc

Introducing $PRCL (2 minute read)
PARCL, a real estate platform, yesterday announced an upcoming airdrop, as shared in a blog post. The announcement heralds the launch of the PRCL token, marking a significant stride toward the decentralization of the Parcl ecosystem. Holders of PRCL will gain governance rights over specific aspects of the Parcl Protocol and enjoy enhanced utility in data and trading, along with incentives within the Protocol ecosystem, where applicable.

Initial distribution details reveal that the token identifier will be PRCL, with the launch scheduled for April and a total token supply of 1,000,000,000. The initial community supply is set at 7-8%, resulting in an estimated initial PRCL float of 10-12%. Detailed tokenomics are slated for distribution in March 2024.

Blast Ecosystem Sees First Apparent Scam as 'RiskOnBlast' Rug Pulls $1.3M Ether (3 minute read)
Over the weekend, the highly anticipated Blast ecosystem experienced its first rug pull event, leaving retail traders stunned as a project disappeared after raising over 420 ether (ETH), valued at $1.3 million at current prices. RiskOnBlast, purportedly a gambling and exchange platform, had secured over $1 million in a seed round just the week before and was competing in Blast’s Big Bang competition for potential funding.

However, all of its social media accounts vanished on Sunday, and the team remained anonymous. According to on-chain researcher @somaxbt, the stolen funds originated from over 750 wallets, with a portion subsequently sent to swapping service ChangeNow, crypto exchange MEXC, and Bybit, amounting to nearly $1.05 million.

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