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Today’s edition is brought to you by MEXC. Low Fees and High Profits.

Good Morning!

You guys overwhelmingly loved last weeks Crypto Twitter section, so we’ll continue to include them in our newsletters.

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Let’s dive into the latest news. 👇️ 

Markets

Bitcoin, Ether in the Green as Global Easing Cycle Begins (3 minute read)
Central banks across the globe are looking to ease interest rates. This is good news for Bitcoin, which sits at $67,300, boasting a decent 4.9% increase in just 24 hours. Not to be outdone, Ethereum also saw a 4.7% jump, sitting pretty above $3,400. The CoinDesk 20, is up by about 5%.

The short sellers betting against Bitcoin and Ether took a hit over the weekend. Over $100 million in leveraged futures positions got wiped out in the last day alone. We're talking about $60 million in Bitcoin shorts and $42.8 million in Ether shorts. Macro factors are also lining up. Last week, the Swiss National Bank made a surprise move, cutting the benchmark interest rate. Along with other countries pulling similar moves, this signals a wider move towards a global easing cycle.

Goldman Sachs sees resurgence in clients' interest in crypto assets (2 minute read)
According to Bloomberg, Goldman Sachs clients are diving back into crypto. Max Minton, their digital assets head in Asia Pacific, shared that their top-tier clients are either investing or scoping it out. The spark? Well there was the Bitcoin spot ETF, and that's got investors buzzing.

But there is more to the tale – while bitcoin is the current belle of the ball, there's chatter about spot ether ETFs potentially stealing the spotlight if the U.S. gives them the green light. And it's not just trading; Goldman's not afraid to get their hands dirty in the riskier side of crypto. Their digital assets head, Mathew McDermott, dropped that they're peeking into investing in crypto bankruptcy claims.  

JPMorgan analysts warn that bitcoin looks ‘overbought’ despite correction (2 minute read)
JPMorgan's analysts were throwing some shade at Bitcoin last week! They're calling it overbought, even after a recent price dip. With the Bitcoin halving just around the corner, expected around April 20, many analysts are calling for continued selling until then. While the JPM crew and others are hinting at some short-term headaches, don't count it out yet. Many analysts are predicting a post-halving bonanza with prices soaring between $70,000 and $150,000.

Best of Crypto Twitter

Remember Do Kwon? He was the cofounder of Terraform labs, the company behind LUNA which collapsed and resulted in the loss of over $60 Billion.

Whilst the US and South Korea battle for his extradition, Montenegro, the country where he was arrested and detained has released him.

Videos were posted on Twitter around his time of release, and people were joking about his glow up. It’s quite bizarre to see him surrounded by so many armed police.

This picture has become pretty popular.

Besides the Do Kwon drama, here’s some other Tweets we liked over the past few days.

Misc

Nigeria Announces Charges Against Binance After Executive Flees (3 minute read)
Nigeria's throwing the book at Binance, accusing them and two top execs of the crypto giant of dodging taxes. The Federal Inland Revenue Service isn't just talking small change; they're going after Binance for not paying value-added tax, company income tax, not filing tax returns, and basically helping customers slip through the tax net.

The plot thickens with Tigran Gambaryan and Nadeem Anjarwalla, the Binance execs, who've been cooling their heels in detention since February. Now, they're front and center in this tax evasion drama, with charges filed against them in Abuja's Federal High Court.

Anjarwalla might have pulled a Houdini – reports are swirling that he's fled. Premium Times shared that he gave his guards the slip during a mosque prayer break last Friday.

Bored Ape sold for 83% less than what Kevin Hart paid (2 minute read)
Kevin Hart's Bored Ape Yacht Club #9258, known for its snazzy propeller hat, just took a nosedive in the NFT market! Sold on Blur for a modest 13.26 ether (a cool $46,200), this fetched way less than what Hart shelled out back in January 2022. Quite a decline from the 79.5 eth, a whopping $200,000 at the time!

Hart's was not the only celeb caught up in the BAYC craze in 2022. Crypto startup MoonPay was the wingman for a bunch of stars like Justin Bieber, Madonna, and Jimmy Fallon, helping them snag their own Bored Apes. The catch? They reportedly got these NFTs in a swap for some high-profile shoutouts to MoonPay, though MoonPay's playing coy, denying any freebie giveaways. There is currently an ongoing lawsuit.

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