Tesla and SpaceX Hold Nearly 20,000 BTC – Strong Performance from the Crypto AI Sector

Arkham Claims to Detect Tesla and SpaceX’s Bitcoin Addresses Holding Nearly 20,000 BTC

According to blockchain analysis firm Arkham Intelligence, Bitcoin addresses of Tesla and SpaceX were found. They currently own 19,794 Bitcoins worth more than $1.3 billion. As of now, according to Arkham, SpaceX has 8,285 BTC worth $554.9 million spread across 28 addresses, while Tesla has 11,509 BTC worth $770.7 million spread across 68 addresses. According to Arkham, both companies’ financial statements and on-chain fund flows matched. Tesla bought $1.5 billion worth of Bitcoin in January 2021 and sold it twice, the statement said. It sold $272 million worth of Bitcoin in the first quarter of 2021. In the second quarter of 2022, it sold $936 million worth of Bitcoin.

Strong Performance from Crypto AI Sector

According to data, the market value of the total crypto AI industry has more than doubled in less than a month, reaching $25.1 billion. Total market capitalization has increased by approximately 150% since February 16. The largest AI coins by market cap include GRT, FET, AGIX and WLD.

Bitcoin Rise May Delay Interest Rate Cuts, According to JPMorgan Strategist

The rise of Bitcoin and other crypto assets could prevent the Fed from loosening monetary policy as soon as expected, according to Marko Kolanovic, chief market strategist at JPMorgan. Referring to Bitcoin rising above the $60,000 level, Kolanovic said, “The Fed may keep monetary policy tight for longer, as an early interest rate cut carries the risk of further inflating asset prices or causing a new increase in inflation.” said.

Ethereum, Solana and Arbitrum Are Leaders in DEX Volume Increase

According to DeFiLlama data, the total DEX volume increased to 12.35 billion dollars in the last 24 hours, while the one-week volume reached 63.2 billion dollars. This increase in volume represents an increase of approximately 70% and indicates interest in the DeFi sector. The highest volume increases occurred in Ethereum, Solana and Arbitrum. Additionally, the total volume on the Solana network has surpassed Ethereum.

Assets of BITX, the Leveraged Bitcoin ETF, Approached $1 Billion

The assets of the Volatility Shares 2X Bitcoin Strategy ETF (BITX) approached the $1 billion level. BITX, the first leveraged Bitcoin ETF, has gained 124% since the beginning of the year, outperforming Bitcoin. Additionally, it has experienced an inflow of 402 million dollars since the beginning of the year. With this gain in value, BITX ranked second after BITO among leveraged Bitcoin ETFs.

Cosmology, the Cosmos-Focused Development Platform, Raises $5 Million in Seed Funding

Raised $5 million in seed funding for Cosmology, a development platform focused on the Cosmos environment. The funding round was led by Osmosis Foundation, Chorus One, Informal Systems, HashKey, Tuesday Capital, Dispersion, and venture firms Galileo and Lemniscap. The valuation was kept confidential by the company. With developer tools for Tendermint, the Cosmos SDK, and the inter-blockchain communication (IBC) protocol, Cosmology offers a fully-fledged development environment. The purpose of these tools, including Telescope and Cosmos Kit, is to facilitate the application development process on Cosmos.

Philippine Central Bank Announces Details on WCBDC Pilot Project

According to an article in local media, a representative of the Bangko Sentral ng Pilipinas (BSP) provided additional information regarding the central bank’s intention to explore wholesale central bank digital currency (wCBDC). Mamerto Tangonan, vice president of the payments and money management sector of the Philippine Central Bank, stated at a press conference on March 6 that the wCBDC pilot project, known as Project Agila, will be completed by the end of this year. The pilot project was described by Tangonan as a ‘learning exercise’.

Solana DeFi Protocol Kamino Sets KMNO Token Airdrop for April

Kamino, a Solana-based DeFi protocol, will issue the KMNO token in April following the snapshot of qualified users on March 31. Kamino contributor Thomas explained in the monthly Solana developer call that the protocol will use security measures to prevent airdrop farmers from attacking the system with large numbers of Sybil wallets. A statement was made that the amount of points owned will contribute to the amount of tokens to be received. Kamino is a platform that allows users to lend, borrow and earn interest by trading different tokens within the Solana ecosystem. A points system mimicking Jito and Jupiter was implemented last year to reward users and prepare for an airdrop.

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BITCOIN(BTC)

As of the morning hours, BTC is priced at $66,890 with a 0.11% gain in value. $68,000 has appeared as resistance for 3 times. If there is a break above this level, a rise up to $70,000 may be seen. $66,000 appears as support. In case of breaks below this level, withdrawals up to $64,000 may be seen. In general, there is a horizontal movement between $68,000 and $66,000 in the current structure. Whichever direction this horizontal movement breaks, a strong price movement can be seen in that direction.

ETHEREUM(ETH)

ETH is priced at $3882 with a 0.34% gain in value as of the morning hours. When we examine the four-hour chart, we see that the $ 3940 level was tested with the upward movement experienced yesterday, but it could not be sustained. If the withdrawal movement continues, the $ 3700 level can be followed as support. In upward movements, 3900 and 4000 levels can be followed as critical resistance areas.

RIPPLE(XRP)

As of the morning hours, XRP is priced at $0.6223 with a 0.77% loss in value. When we examine the four-hour chart, we see that there was an upward reaction movement, but it could not be sustained above the $0.64 level. If this region is crossed, a movement towards the $0.70 region may be possible. In case of a withdrawal, the $0.60 level can be followed as support.

AVALANCHE(AVAX)

AVAX is priced at $42.72 with a 1.09% loss in value as of the morning hours. When we evaluate the four-hour chart, we see that the resistance zone at $44.50 is working well. If this region breaks upwards, prices above $50 may be seen. In the short term, in case of an upward break of the $44 level, the $50 level can be followed as resistance. In case of a withdrawal, the $41 level can be followed as support.

SOLANA(SOL)

SOL is priced at $143.35 with a 0.35% depreciation as of the morning hours. When we examine the hourly chart, SOL, which remained above the $ 135 level yesterday, tested the $ 150 level and retreated slightly due to the selling pressure in this region. Additionally, we see that the short-term rising trend has broken downwards. If this movement continues, the $140-141 region can be followed as support. In upward movements, the $145 and $150 levels appear as important resistance points.

CHAINLINK(LINK)

As of the morning hours, LINK is priced at $19,753, with a 1.69% loss in value. When we examine the hourly chart, we see that there is horizontal movement between the $19,650 and $20,340 levels. In case of a pullback, a downward move towards the $19,125 level may be possible with a downward break of the $19,650 support zone. In upward reactions, the $20 and $20,340 levels can be followed as resistance. If these two levels are crossed, the $21 level can be tested.

BONE
As of the morning hours, BONE is priced at 1.1605 dollars with a 16.45% gain in value. When we examine the hourly chart, we see that the movement has strengthened with the passage of the $ 1.05 level. If this movement continues, the $1.20 level appears as an important resistance zone. In case of a withdrawal, the $ 1.10 level can be followed as support.

CYBER

CYBER is priced at $11.70 with a 1.65% gain in value as of the morning hours. When we examine the daily chart, we see that the resistance area of ​​$ 11.60 has been broken upwards. If it persists above this level, the $12 level can be tested. In case of a pullback, the $11.50 and $11.60 levels can be followed as support.