Bitcoin just smashed through $70,000 to reach another new all-time high! Many people's wallets are looking prettay, prettay good right now. And judging by the CMC Fear and Greed Index swinging above 80 for over two weeks now, crypto euphoria is clearly getting real! Speaking of bullish news, check out these crypto headlines: |
- Wyoming rolls out an official legal red carpet for DAOs to operate, kinda like decentralized LLCs ⚖️
- Controversy erupts as a $1.28 million donation to Tornado Cash devs gets rejected 💸
- Dogwifhat's adorable Shiba mascot attempts a $650K Vegas strip takeover 🎰
- Cathie Wood turns ultra-bullish, now expects Bitcoin to blast off to $1 million thanks to the new spot ETFs 🚀🌙
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Let's dive deeper into each of these stories! | |
|  | GLOBAL MARKET CAP | | | 2.7T | | ▲2.05% (24H) | |  | 24H MARKET VOLUME | | | $138.79B | | ▲44.48% (24H) | |  | BITCOIN'S DOMINANCE | | | 52.18% | | ▲0.2% (24H) | | |
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Data as of: 11 Mar 2024 10 AM UTC |
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 | TOP GAINERS | 24H% | | | | | | | | |
|  | TOP LOSERS | 24H% | | | | | | | | |
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Wyoming just gave a major victory to the crypto world. Governor Mark Gordon signed a bill that's giving DAOs a legal home. For those who don't speak crypto, DAOs are like internet clubs with a shared goal, run by code and smart contracts instead of a boss. It's like a digital democracy but without the red tape. The problem is that regulators have been scratching their heads trying to figure out how to deal with the decentralized world. But Wyoming's new law, cleverly dubbed DUNA (because acronyms are fun), is changing the game. Now, DAOs can sign contracts, open bank accounts, and even pay taxes like a proper grown-up organization. But does this new law mess with the internal workings of DAOs? What limitations do they have? Read the full story! |
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The Case of the Disappearing Donation 💸 |
There's a case going on in the world of Arbitrum, and it's got everyone talking. A controversial proposal to donate a cool $1.28 million worth of ARB tokens to the legal defense of Tornado Cash developers has vanished into thin air. The mastermind behind the proposal, Joseph Axisa, had a noble goal: to help out Roman Storm and Alexey Pertsev, two of the brains behind Tornado Cash. These guys are facing some serious heat in the Netherlands for their involvement with the crypto mixing service, which lets users cover their tracks. Axisa wanted to allocate a hefty chunk of change – we're talking 200,000 to 600,000 ARB tokens – to a legal defense fund for Storm and Pertsev. But why did they change their mind? Read the full story! |
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Monday, 11 Mar on 3PM UTC |
| Start your week with the industry's top market forecast! Join CMC's Research Lead, Alice, as she shares insights for the upcoming week ahead. |
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Dogwifhat's Going to Vegas 🎰 |
Dogwifhat (WIF) is about to take a walk on the wild side. Enter "sphere wif hat," a community-driven mission to plaster the memecoin's adorable Shiba Inu mascot on the shiny new Sphere entertainment venue. But this isn't a cheap marketing stunt – they're looking to raise a jaw-dropping $650,000 for a week-long ad spot. The campaign is already off to a roaring start, with over $259,000 in the jar so far. That's almost 40% of the way to meme glory! Most holders are tossing in anywhere from $1 to $100, but a couple of "whales" have splashed out over $9,999 each. Has any other cryptocurrency ever done that? How much boost can it give to WIF's price? Read the full story! |
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Cathie Wood Is Shooting for the Moon 🌙 |
Cathie Wood just kicked her Bitcoin price prediction into high gear. The ARK Invest CEO has a new magic number in mind, and it's better than her previous targets. In a recent chat, Wood spilled the beans on ARK's updated Bitcoin outlook. Turns out, they've bumped up their timeline for hitting that sweet, sweet $1 million mark. And what's the reason behind this sudden burst of optimism? Two words: spot ETFs. That's right, the SEC finally gave the green light to spot Bitcoin ETFs, and it's like Christmas came early for Bitcoin bulls. But when does she think Bitcoin will hit $1 million? Read the full story! |
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MakerDAO's Dai-namic Move 📈💰 |
MakerDAO is making moves to keep their stablecoin, Dai, on the straight and narrow. With the crypto market doing its best impression of a roller coaster lately, the masterminds behind Dai are pulling out all the stops to maintain that $1 peg. Here's the scoop: Dai's supply took a nosedive from $5 billion to $4.4 billion in just a week. While Dai's got plenty of collateral to back it up, the MakerDAO team is worried about a potential liquidity crunch if users start cashing out the $1.1 billion in real-world assets (RWA) the protocol is holding. What measures did they take to maintain the peg? Read the full story! |
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That's a wrap for today! See you tomorrow with more stories. |
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