Overview:
• Bitcoin (BTC/USD) traded sideways early in the Asian session and ceded some recent gains after hitting its strongest level since June 2023.
• Upside price objectives include the 29244.66, 29639.37, 30127.80, 30275.12, 30763.09, and 31477.37 levels.
• Downside price objectives include the 19266, 19132, 19106, 19006, 18981, 18919, 18822, 18116, 17720, 17523, 17457, 17230 and 17196 areas.

Price Activity

Bitcoin (BTC/USD) traded sideways early in the Asian session as the pair orbited around the 28004.20 level which is associated with previous buying pressure around the 16326.16 and 20370.01 areas. The pair recently hit its strongest print since early June 2023 trading as high as 28578.63 level before giving up some of its gains and heading back down to lower levels again. Stops were elected above 27901.68 and 28004.20 levels during this ascent with upside price objectives including 29244.66 , 29639 .37 , 30127 .80 , 30275 .12 , 30763 .09 , and 31477 .37 levels.

Buying Pressure

Downside pressure from buyers emerged around 27218 .36 during a brief pullback which is related to buying pressure that strengthened around 15460 level pushing BTC/USD from 24064 .72 area during another recent pullback representing 78 .6 % retracement of depreciating range from 25288 .88 to 19568 .52.

Retracements & Support Levels

Following this appreciation retracement levels along with areas of potential technical support include 27481 , 26998 , 26803 , 26452 , 26254 , 26020 , 25706 , 25230 , 25136 levels while below current price activity downside price objectives include 19266 , 19132

• Signature Bank was recently shut down by the New York State Department of Financial Services (NYDFS).
• The NYDFS has denied any involvement of cryptocurrency dealings in the closure.
• The Biden administration is devising an emergency plan to return all customer funds, including those from Silicon Valley Bank and Silvergate Bank.

Signature Bank Shutdown

The New York State Department of Financial Services (NYDFS) recently announced the shutdown of the Signature Bank for unknown reasons.

Crypto Connection Denied

Despite the bank’s extensive crypto ties, with about 30% of its deposits estimated to originate from crypto, a spokesperson from NYDFS denied any crypto-related reasons behind the closure. They stated that “the decisions made over the weekend had nothing to do with crypto”. However, former United States representative Barney Frank suggested that this was done in order to “send a strong anti-crypto message”.

Biden Administration Plan

The Federal Deposit Insurance Corporation (FDIC) took control over all deposits in order to ensure customers receive insured deposits back. Furthermore, the Treasury Department revealed that the Biden administration would devise an emergency plan to return all customer funds, not just insured ones. This same plan will be applied to customers of Silicon Valley Bank and Silvergate Bank which have also been closed recently.

Implications

The closure of Signature Bank will force several firms, including many crypto firms, to find a new banking services provider. Coinbase was one of the major crypto clients at this bank before it closed shop on March 13th 2021.

Conclusion

The recent string of bank closures has raised eyebrows in terms of their connections with cryptocurrency industry and whether these were motivated by anti-crypto sentiment or not. These events are particularly disconcerting as they can disrupt service providers who rely on these banks for financial services and products essential for their operations

• ChainwireMizar, a social trading platform, has launched its $MZR token on March 9th.
• The $MZR token will reduce fees on the Mizar platform by up to 95%, and will be used for activities such as staking, accessing features, and receiving rewards.
• Mizar is expanding into DeFi with automated and copy trading tools on both centralized and decentralized exchanges.

ChainwireMizar Launches $MZR Token

ChainwireMizar, a social trading platform that boasts over 10,000 users and sees daily trades in the millions of dollars, is pleased to announce the launch of its $MZR token on March 9th. The $MZR token will serve as the native token of the Mizar ecosystem, allowing users to participate in various activities such as staking, accessing features, and receiving rewards. Additionally, the $MZR token will be used to reduce fees on the Mizar platform by up to 95%, providing a more cost-effective solution for traders.

Expansion into DeFi

Following the successful completion of its initial roadmap phase which centered on developing trading tools for CeFi platforms, Mizar is now expanding into DeFi with automated and copy trading tools on both centralized and decentralized exchanges. These features will empower users to automate their trading strategies using advanced but intuitive trading tools while experienced traders can potentially enjoy an additional income stream while retaining control of their assets through self-custody.

Popularity Among Investors

With support from prominent investors including Nexo, KuCoin Labs, Huobi Ventures, Kronos Research among others; Mizar marks a significant advancement in crypto trading. Starting from March 9th; Mizar’s $MZR token can be acquired on UniSwap or other major exchanges like Binance or Uniswap.

Goal: Become Most Popular Social Trading Platform

The ultimate goal for ChainwireMizor is becoming the most popular social trading platform for cryptocurrency with its ambition to introduce automatic and copy trading capabilities across both centralized and decentralized exchanges – making it more accessible and profitable for all users involved.

Combining Automation & Artificial Intelligence

By combining these cutting-edge automation & AI capabilities with their copy-trading engine; novice traders can access easier entry points into crypto markets while experienced traders have access enhanced opportunities – all within one unified platform.

• Chainwiredouble jump.tokyo has partnered with TSUBASA Co., Ltd. to launch an NFT project called Ball is our Friend Project, based on the popular Japanese manga “Captain Tsubasa.”
• The project features limited physical soccer balls decorated with original illustrations by the Captain Tsubasa creator, Yoichi Takahashi, given to children in 12 countries and buyers.
• Those who purchase three NFTs at the same time will receive an extra NFT as a bonus.

NFT Project Launch

Chainwiredouble jump.tokyo has partnered with TSUBASA Co., Ltd. to launch an NFT project based on the popular Japanese manga “Captain Tsubasa”. The project, called Ball is our Friend Project, will be available for purchase starting March 2nd 2023 and has been featured in over 1,000 media outlets worldwide since it was announced on February 7th 2023. Shinji Kagawa, one of the greatest Japanese professional soccer players, supports this project as an ambassador.

Project Features

The first edition of the NFT features limited physical soccer balls decorated with original illustrations by Yoichi Takahashi which will be given to children in 12 countries and buyers. The unique parameters also include 283 iconic scenes from the manga on a centerpiece soccer ball, with 333 special moves randomly combined to create one-of-a-kind art pieces.

Purchase Details

The NFT will be available for purchase in two stages: a limited presale from March 2nd 2023 at 2 AM to 4 AM PST during which Allow List holders can purchase a limited gold edition Tsubasa NFT for 0.08 ETH; followed by a public sale from March 2nd 2023 at 4 AM to March 14th 2023 at 7 PM PST during which anyone can purchase it for 0.1 ETH from its official website.

Conversion & Bonus

Each Tsubasa NFTs can be converted into soulbound tokens (SBTs), which can be redeemed for original goods such as real soccer balls designed by Yoichi Takahashi himself. Furthermore, those who purchase three NFTs at once are rewarded with another extra free NFT!

About double jump .tokyo Inc.

double jump .tokyo is Japan’s leading startup specializing in blockchain game development such as My Crypto Heroes and Brave Frontier Heroes; having partnered up with some of Japan’s largest gaming companies including Square Enix, Bandai Namco and SEGA CORPORATION along with LINE and bitFlyer Holdings Inc.. In 2022 they launched “WEB3 Tech Studio” that specializes in WEB3 projects such as blockchain games and NFTs; aiming to create exciting new projects using WEB3 technology collaboratively alongside renowned companies worldwide!

• VOX Collectibles: The Walking Dead is a non-fungible token collection built on the Ethereum network with 8,087 items.
• It has 2928 owners and a market cap of 1,972.20 ETH with an average sale price of 0.65 ETH (~$1,055.93).
• It is difficult to determine whether NFTs from the VOX Collectibles: The Walking Dead collection is overpriced or underpriced as the market for NFTs and metaverses continues to develop.

What is an VOX Collectibles: The Walking Dead?

VOX Collectibles: The Walking Dead are a non-fungible tokens collection built on the Ethereum network launched in 26 March, 2022. 8,087 items of the VOX Collectibles: The Walking Dead collection can now be viewed at OpenSea.

How many owners does the VOX Collectibles: The Walking Dead Collection have?

The total number of owners has reached 2928 within 333 days since its release.

Price and Sales

The market capitalization of VOX Collectibles: The Walking Dead NFT collection is 1,972.20 ETH. Since created the VOX Collectibles: The Walking Dead 3,506 collections sales were made at an average price of 0.65 ETH (~$1,055.93 at the time of writing). This created a total volume in 2,284.253 ETH. Payment tokens include ETH, WETH, USDC and GALA with a floor price of 0.2587225 and 30-day trading volume at 16.10 ETH .

Why are some NFTs expensive and others not?

NFTs are very new to the blockchain ecosystem and are still in their infancy meaning there is no historical data or precedence that can assist in determining the value of an NFT project/collection . Established NFT projects have had more time to improve and learn from issues plaguing them making them more valuable than newer ones . Many people have taken advantage of this emerging market which has caused some projects/collections being made purely out greed without any real value other than exploiting growth potential .

Is the VOX Collectibles: The Walking Dead Collection Over or Underpriced?

It is difficult to determine whether NFTs from the VOX Collectibles: The Walking Dead collection is overpriced or underpriced as it will become clearer when the market for NFTs and metaverses develops more actively .

• Bitget has relaunched its Launchpad project in order to provide promising projects with a powerful fast-tracking mechanism.
• The platform is hosting the token sale of the GameFi Panda Farm project’s BBO utility token, giving interested users the chance to acquire a share of the 1,000,000 utility tokens put up for sale.
• Bitget’s Managing Director Gracy Chen has stated that this partnership is part of their Go Beyond Derivatives strategy and is aimed at providing users with a more in-depth Web3 experience.

Bitget Relaunches Launchpad Project

The tepid restoration of the cryptocurrency market’s key indicators in recent weeks has spurred the leading spot trading Bitget exchange to revive its Launchpad project. The hosting platform launched the token sale of the GameFi Panda Farm project’s BBO utility token on February 16, giving interested users the chance to acquire a share of the 1,000,000 utility tokens put up for sale.

Bitget Launchpad Overview

The Bitget Launchpad was released in February of 2022, showing impressive traction over the next six weeks by yielding up to 29x in ATH for the five early-stage projects listed on it. The Launchpad was put on hold in June of 2022 and is now being redeployed with renewed force as Bitget scales its operations in the cryptocurrency space and is determined to provide promising projects with a powerful fast-tracking mechanism.

GameFi Panda Farm Utility Token Sale

GameFi Panda Farm is the first project to take advantage of this new opportunity provided by Bitget. The platform has already gained some interest among gamers as it gives users the chance to tap into lucrative prize pools. All users willing to participate will have to hold a minimum of 100 Bitget BGB tokens and allocation will be determined based on these tokens held on user accounts. The BBO token will be available for trading on Bitget starting February 20 once all tokens are sold out or allocated according to demand.

Go Beyond Derivatives Strategy

Gracy Chen, managing director at Bitget, has stated that this relaunch marks an important step forward for their exchange and forms part of their Go Beyond Derivatives strategy which aims at expanding beyond spot trading facilities by adding new assets and trading pairs while also supporting early-stage projects that can make an impact within industry standards. William from Panda Farm also stressed his commitment towards this partnership stating that it will open new horizons for development allowing them to tap into new user bases and investor audiences alike.

Conclusion

Bitget has recently risen through ranks due its impressive performance in recent weeks combined with its efforts towards scaling operations within crypto marketspace via launching various initiatives such as launchpads etc . This partnership between bitgets & panda farm shows another effort from bitgets side towards providing its users more depth web 3 experiences .

• ChainwireWebacy announced the successful closure of a $4M seed round to support its goal of making web3 safer.
• Notable investors in the round include gmjp, Gary Vaynerchuk and AJ Vaynerchuk, Mozilla Ventures, Soma Capital, and QuantStamp.
• Webacy is building comprehensive and easy-to-use products to help people protect their self-custodied digital assets.

ChainwireWebacy Closes $4M Seed Round

ChainwireWebacy has announced the successful closure of a $4M seed round to support its goal of making web3 safer. The event is Webacy’s second round of financing, following a pre-seed raise in late 2021. Notable previous investors include Pareto Holdings, Quiet Capital, LOI Venture, MetaverseHQ, and Origin Protocol.

Notable Investors

gmjp led the round which also included Gary Vaynerchuk and AJ Vaynerchuk, Mozilla Ventures, Soma Capital, DG Daiwa Ventures, Quantstamp, CEAS Investments, Dreamers, and Miraise. The two rounds bring Webacy’s total financing to over $5M. Louis Kang Partner at gmjp said: “We’re excited to back incredible founders building important companies that solve important problems in the world today in web3.” AJ Vaynerchuk Partner at VaynerFund stated: “We’ve seen a huge need for safety products amongst our communities at VaynerSports Pass and Veefriends.”

Protection Technology

Webacy is building comprehensive and easy-to-use products to help people protect their self-custodied digital assets. The company’s protection technology doesn’t require custody or storage of keys. With the mass movement of assets off centralized environments into self-managed wallets protection is more important than ever. Webacy’s Safety Suite of products includes Wallet Watch (for real-time wallet monitoring), Backup Wallet (for loss of access keys or phrases), Panic Button (to bulk send assets to a safe house wallet in case of an exploit or hack), and Crypto Will (to ensure assets are in the hands of beneficiaries and loved ones in the event of death).

Smart Contract Technology

Webacy has built its products using smart contract technology. The customer is able to sign their own smart contracts to set triggers that enable the transfer of assets to backup wallets and beneficiaries. Maika Isogawa CEO and Founder at Webacysaid: “To welcome the next billion users to web3 we’ll need a safe environment that allows everyone to transact with confidence.”

Conclusion

ChainwireWebacy closed its second financing round after raising over $5 million in total funding from notable investors such as gmjp Gary Vaynerchuk AJ Vaynerchuk Mozilla Ventures Soma Capital QuantStamp CEAS Investments Dreamersand MiraiseThe company is building comprehensive security solutions such as Wallet Watch Backup Wallet Panic Buttonand Crypto Willusingsmart contract technology These tools will help create a safe environment for users on web3 so they can transact with confidence

• The US Department of Justice has opened a probe into Silvergate Capital Corp. over its dealings with the bankrupt crypto firm FTX and its sister concern Alameda Research.
• Federal prosecutors are conducting a criminal investigation into Silvergate’s activities, which have come under increased scrutiny from policymakers after the FTX debacle in 2022.
• Silvergate was one of the main backers of FTX and has seen significant losses since it collapsed, leading to drastic layoffs and a drop in stock prices.

The US Department of Justice Investigates Silvergate

The United States Department of Justice has launched a probe into Silvergate Capital Corp. and its dealings with bankrupt crypto firm FTX and its sister concern Alameda Research. Prosecutors are conducting a criminal investigation into the bank’s operations, especially those with FTX and Alameda Research. This follows the collapse of FTX in 2022, which resulted in two-thirds of Silvergate’s customers withdrawing deposits worth over $8 billion.

Consequences For Silvergate

The fallout from the collapse of FTX had severe consequences for Silvergate, as it had been hosting accounts tied to businesses associated with Sam Bankman-Fried, founder of both firms. As such, their stocks lost 88% value in 2022 and 40% during premarket trading. To mitigate losses incurred by this event, Silvergate resorted to drastic layoffs as well as facing increased scrutiny from government bodies and policymakers alike.

Request From Senators

A bipartisan group of United States Senators recently requested details on risk management practices at the bank as well as further information on its dealings with FTX. This growing judicial scrutiny has created an atmosphere FUD among investors, leading to concerns that charges could be brought against Silvergate soon given current anti-crypto sentiment among U.S departments.

Silvergate’s Background

Prior to entering the crypto market in 2019, when it went public through an initial public offering (IPO), Silvergate was just another small US organization.. Its success led to it becoming known as one of few banks serving crypto companies turned down by traditional banking service providers; however this success eventually led to significant losses after the collapse of FTX in 2022 due to customer withdrawals worth $8 billion dollars resulting in layoffs for employees at silver gate capital corp .

Conclusion

Silvergate Capital Corp is now facing an uncertain future due to investigations being conducted by federal prosecutors regarding their involvement with both FTX and Alameda Research following their bankruptcy back in 2022 resulting in major financial losses for both companies involved as well as major layoffs due to customer withdrawals worth 8 billion dollars . The company may face charges if found guilty depending on current anti-crypto sentiments among U S departments or authorities

• AAVE recently passed a governance proposal to pay back debt it accumulated when Avraham Eisenberg targeted the platform’s Ethereum V2 liquidity pool back in November 2022.
• AAVE’s V3 has been launched on Ethereum mainnet and is currently in the top 4 of all platforms, with over $526.52 million total value locked.
• Despite the positive news, AAVE token has not responded either positively or negatively, registering minimal losses in the daily and weekly time frames.

The popular lending platform AAVE has recently been enjoying some positive news. On January 25th, the platform passed a governance proposal that would erase all bad debt it had accumulated when Avraham Eisenberg, orchestrator of the Mango Markets exploit, targeted the platform’s Ethereum V2 liquidity pool back in November 2022. This proposal was welcomed by the community, and was implemented immediately, reversing the damage of the exploit attempt and proving the liquidity of the protocol.

In addition, the deployment of AAVE’s V3 on Ethereum was also implemented. According to data from DefiLlama, the crypto is in the top 4 among all platforms, with over $526.52 million total value locked. Currently, AAVE’s V3 is the highest TVL among Ethereum-based lending protocols.

Despite the positive news, the AAVE token has not responded either positively or negatively. According to data from CoinGecko, the token registered losses in the daily and weekly time frames. However, these losses are too miniscule to revert the token’s gains from the start of the year.

Given the successful implementation of the proposal and the launch of AAVE’s V3 on its mainnet, the crypto might be in a position to tally new highs if the situation permits it. With the platform’s governance proposal and Ethereum V3 deployment, AAVE is set to become a leading lending platform in the near future.

• Vitalik Buterin, the co-founder of Ethereum, is proposing a stealth address system as a fix to the privacy problem in the most active smart contracting platform.
• Stealth addresses would be created by the sender or receiver, with the receiver in charge.
• This fix offers a way for asset receivers to keep transactions, financial or otherwise, private and away from the public’s prying eyes.

In the cryptocurrency world, privacy is a major concern for users. Transactions in Ethereum and other public blockchains can be traced, allowing for the identity of the sender and receivers to be exposed. This is why Vitalik Buterin, the co-founder of Ethereum, has proposed a stealth address system as a possible fix.

This system radically differs from other crypto mixers and platforms, such as Tornado Cash, in that the receiver will be in charge. This is crucially important because the asset receiver would desire to keep transactions, financial or otherwise, private and away from the public’s prying eyes.

The stealth address system works by the receiver creating a spending key which is then used to create a “stealth meta-address”. This address is then sent to the sender, who does a small computation and creates a stealth address that belongs to the recipient. The recipient will always be in charge of sending assets to this address, as well as additional cryptographic data which helps to further protect the identity of the sender and receiver.

This fix offers a way for asset receivers to keep their financial transactions private, and away from the public’s view. It is a much-needed solution to the privacy problem that plagues the most active smart contracting platform, and one that could be a game-changer for the cryptocurrency world.