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The popularity of meme coin trading and speculation on Solana has driven on-chain volumes to a new high in US dollars.

Ethereum’s biggest rival solanaAccording to DefiLlama data, it was traded with a volume exceeding $3.79 billion over the weekend. Blockchain’s previous record was recorded at $2.85 billion earlier this month.

The seven-day moving average of active addresses and the number of new addresses on the Solana network continues to increase at record levels. Additionally, total transaction fees on Solana also set a new record. There is ongoing interest in meme coins such as Book of Meme (BOME), which has increased by 1500% since its creation.

Rapidly fundraising presales initiated by artists like Kero and Solana-based meme coins like Dogwifhat and BONK are recording significant volumes. This meme coin craze has seen Solana-based decentralized exchange aggregator Jupiter generate more volume than Ethereum DEX Uniswap V3 in the last 24 hours.

Solana coin rise

The US Government made a profit of $14.4 billion from Bitcoins seized through illegal activities

According to CryptoQuant president Ki Young Ju, the US Government, which has not sold Bitcoin since July 2023, made a huge profit with 210,392 Bitcoins seized as a result of money laundering and other illegal activities.

It generated $14.4 billion in unrealized profits on these crypto assets, making the United States one of the largest holders of Bitcoin in the world.

Starbucks is ending its Odyssey Beta NFT program

Starbucks has announced that it will end its Odyssey Beta program, which added an NFT dimension to its existing rewards system. The multinational coffee chain published a blog post stating that Odyssey Beta will end on March 31 in preparation for the future evolution of the program.

The company’s NFTs accessible on the Nifty Gateway will migrate from the Odyssey marketplace to the Nifty marketplace, where they can be transferred to external wallets and traded on other marketplaces like other NFTs.

Starbucks Odyssey is also closing the Discord server on March 19, stating that they are working on a platform that will bring the community together in the future.

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Crypto

Bitcoin Declines to $59,500 due to Iran-Israel Tension

There was a big drop in the cryptocurrency markets on Friday evening, and a similar situation was repeated on Saturday. Bitcoin declined.

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There was a big drop in the cryptocurrency markets on Friday evening, and a similar situation was repeated on Saturday. Bitcoin declined.

While Bitcoin was on a stable course at $70,000-71,000 until Friday evening, following the statements of the US Federal Reserve (Fed) that did not foresee a significant change in interest rates and the tension between Iran and Israel, Bitcoin fell to $65,000 in a few minutes, with a liquidation of approximately $900 million and $300,000. affected the investor.

Bitcoin recovered slightly to $67,000, but then fell to a weekly low of $59,500 within a few hours. Altcoins suffered even greater losses; Many altcoins such as SOL, XRP, BNB, DOGE, SHIB, AVAX showed double-digit declines.

The total cryptocurrency market cap has decreased by approximately $200 billion in one day and by $400 billion since Friday morning. Another 220,000 investors were liquidated, bringing the total value of losses to $1.8 billion over the same time period.

Bitcoin bull run

Hong Kong approves first spot BTC and Ethereum ETFs on its way to becoming a crypto hub

Hong Kong approved several spot BTC and Ethereum exchange-traded fund (ETF) applications on Monday in a bid to turn the region into a crypto hub.

China Asset Management, Harvest Global Investments, Bosera Asset Management and HashKey Capital have received various approvals from the Hong Kong Securities and Futures Commission. These organizations announced that they will issue ETFs in cooperation with OSL and BOCI International.

Bosera and HashKey will offer ETFs where investors can subscribe to ETF shares directly using Bitcoin and Ethereum. These developments aim to strengthen Hong Kong’s status as an international financial centre.

Accidentally lost bit's worth of Bitcoin!

BTC miners could sell $5 billion worth of BTC after halving

Bitcoin It is stated that miners will be able to release BTC worth $ 5 billion after the halving. This process is triggered by mining rewards halving and usually causes BTC prices to remain stable for a period of time.

Markus Thielen from 10x Research states that these sales by miners may last four to six months and BTC may not show a big rise until October. Miners’ stockpiling of BTC until the halving disrupts the supply-demand balance and increases prices.

However, Thielen states that altcoins may be negatively affected by this situation and that a significant rally should be waited for six months. It is estimated that large mining companies such as Marathon will gradually sell their savings to prevent a decrease in revenue.

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Crypto

Tether Announces Completion of SOC 2 Type 1 Audit

Tether announced that it has completed the SOC 2 Type 1 Audit, the gold security compliance standard developed by the American Institute of Certified Public Accountants (AICPA).

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Tether announced that it has completed the SOC 2 Type 1 Audit, the gold security compliance standard developed by the American Institute of Certified Public Accountants (AICPA).

Tether announced that it has made an important security update. The company has passed System Organization Control (SOC) 2 Audit Type 1, the first phase of achieving the highest level of security compliance.

The gold security compliance standard SOC 2 Type 1 audit exam developed by the American Institute of Certified Public Accountants has been successfully completed.

Tether

SOC 2’s criteria are based on five core trust service principles

SOC 2’s criteria are essentially based on five trust service principles. The first of these, security, includes measures implemented to protect customer data, such as firewalls, intrusion detection, and advanced authentication protocols. The second principle, availability, focuses on providing a reliable and active network while also addressing efficiency in problem resolution.

Another principle, business integrity, focuses on whether the systems achieve their goals by providing the right data, at the right price and at the right time. The privacy policy places great emphasis on encrypting data during transmission, limiting data access and disclosure to authorized individuals or organizations. The final principle, privacy, ensures that personal information is collected, used, stored and disclosed responsibly.

These highlight that Tether has robust IT control measures in place to ensure its systems are secure, accessible when needed, and information is kept private. In addition to network reliability and problem resolution speed, measures such as firewalls, intrusion detection and advanced authentication for customers are also offered.

This measure demonstrates our commitment to becoming the world’s most trusted stablecon

“This compliance measure reassures our customers that their assets and data are managed in an environment that meets the highest standards in terms of data protection and information security,” said Tether CEO Paolo Ardoino. “Independent verification of Tether security controls is vital and demonstrates our commitment to being the world’s most trusted, compliant stablecoin.”

Tether; It constantly updates its security strategy, focusing on leading the way in innovative technology, transparency and accountability to stablecoin users. Its commitment to completing the SOC 2 Type 1 audit supports its work in providing strong security measures for token holders.

Additionally, Tether has committed to taking SOC 2 exams annually to ensure that its operations and security practices are consistently carried out to the highest standards. The company aims to obtain the SOC 2 Type 2 Certificate, which evaluates the security, usability, confidentiality, confidentiality and processing integrity criteria of Tether in 2024-2025, and questions the operating effectiveness of its internal controls for a period of 12 months.

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Crypto

Tether’s Bitcoin Assets Exceed the 5 Billion Dollar Limit

In the first quarter of 2024, Tether purchased another $627 million worth of Bitcoin, increasing its total assets to 75,354 BTC, thus exceeding the $5 billion mark for the first time with a value of $5.2 billion.

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In the first quarter of 2024, Tether purchased another $627 million worth of Bitcoin, increasing its total assets to 75,354 BTC, thus exceeding the $5 billion mark for the first time with a value of $5.2 billion.

With this last purchase Tether, rose to seventh place in the Bitcoin holder rankings. CEO Paolo Ardoino stated that 8,888 Bitcoins were purchased during the quarter and completed in one go on March 31. In May 2023, Tether announced its plan to allocate 15% of its profits to the purchase of Bitcoin each quarter.

Tether Edu

Chinese government launches public blockchain infrastructure platform with Conflux Network

The Chinese government, in collaboration with Conflux Network, has launched the “Ultra-Large Scale Blockchain Infrastructure Platform for the Belt and Road Initiative,” aiming to provide a basic public blockchain infrastructure for cross-border applications. This platform will allow the development of applications that will facilitate cooperation between different countries. The project aims to provide an infrastructure for cross-border projects. Conflux Network is a multi-chain blockchain ecosystem and provides the technical power behind this initiative. This step marks the development of cryptocurrencies in the country, despite China’s generally negative attitude towards cryptocurrencies. China has been increasing restrictions on the crypto industry since 2017.

There was a decrease in crypto thefts in March compared to the previous month

There was a decrease in theft incidents in the cryptocurrency sector in March. According to PeckShield’s analysis, $187 million was lost while $99 million was regained. This represents a decrease of 48% compared to February 2024. One of the biggest events was the return of $62 million as a result of the attack on Munchables. Curio ecosystem and Prisma Finance lost $16 and $11 million respectively. WOOFi, on the other hand, lost $8.75 million and offered a reward to the attacker for the return of the funds.

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