“We are shaped by our thoughts; we become what we think. When the mind is pure, joy follows like a shadow that never leaves.”
Why hello hello! Welcome back from your weekend, CMC family! Hope you're all well rested and are ready for yet another delectable newsletter! 😋
Today in history (1965), the late cosmonaut Alexey Leonov left his spacecraft "Voskhod 2" for 12 minutes, and became the first person to walk in space! 👩🚀 'Spacewalking' is jargon for conducting extra vehicular activity while in space.
In today's newsletter, we will be covering Bittrex cancelling its IEO of RAID (XRD), blockchain interoperability project Tendermint raising $9 million in a Series A funding round andCME Group reassuring that its make'no changes to its Bitcoin futures plans.
Please don't forget to answer the polls down below too! It's a great way for us to interact with you all and hear what you have to say. 💭 Happy reading! 📚
Over the weekend, total market capitalization experienced a significant run up from ~$135.3 billion to ~$141 billion throughout Friday, and stayed at that level for the remainder of the weekend. 📈
Also over the weekend, BTC found its way back above the $4,000 mark! It is currently trading at ~$4,020, and is currently challenging the 100-day EMA line on the daily chart, a level that it failed to break through during the early to mid Feb run up last month. Similarly, on the weekly chart, BTC is challenging its 50-day EMA line, a level it failed to break through several times in late Nov to early Jan. Hopefully, this time... 🙏🏻
Change of plans ◀️
Crypto exchange Bittrex recently cancelled an “initial exchange offering” (IEO) for the RAID project just hours before it was set to launch. 🛑
RAID (XRD) had planned to raise $6 million, but Bittrex called it off after discovering that its partnership with e-gaming data analytics company OP.GG had been terminated. According to Bittrex, that partnership “was a vital part of the RAID project” and thus "did not feel that it was in the best interest of its (Bittrex's) customers to move forward with the IEO.”
Feed me 🤑
A blockchain project focused on interoperability, known as Tendermint, has recently raised $9 million in a Series A funding round led by venture capital firm Paradigm. Other participants include the likes of Bain Capital and 1confirmation, among others. 💰
This funding injection will go toward Tendermints’s continued development of the Cosmos Network, through the expansion of its team. Tendermint has also recently launched Cosmos Hub, the blockchain designed to improve interoperability between any number of other blockchains, after close to 3 years of planning.
Business as usual 👌
According to a spokesperson, CME Group has made 'no changes' to its Bitcoin Futures plans. 🗣️
This reassurance is notable in light of the news that its rival derivatives exchange operator, CBOE, recently announced that it would not add a Bitcoin futures contract in March this year, meaning that once the last currently traded futures expires in June, this market will be halted until new futures get listed.
At this point in time, CME's Bitcoin Futures volumes has been approximately double that of CBOE's. 😲
The first block of data that is processed and validated to form a new blockchain, often referred to as block 0 or block 1.
Other news 📰
Cryptocurrency investment app provider Donut has raised $1.8 million in a seed funding round led by venture capital firm Redalpine. 💰
Crypto exchange Coinbase Pro has introduced a new fee structure, reportedly designed in a way to increase liquidity. It has also disabled the stop marker order functionality and introduced market order protection points. 👀
Ethereum core developers have reaffirmed that mining algorithm change "ProgPoW" will be added to an upcoming hard fork. 🤖
Crypto calendar 📅
31 Mar - U.S. SEC's initial decision on the NYSE Arca and Bitwise Asset Management's Bitcoin ETF application
5 Apr - U.S. SEC's initial decision on the VanEck, SolidX and the Cboe BZX Exchange Bitcoin ETF application
How much do you agree with this statement: "I have a friend whom I can trust with my life"
The average vote was a 6.
"If so, why do you say so?"
I guess it starts with that quote by H. Jackson Brown, Jr. On friendship. My intimate circle of friends are those who I consider to be like those members inside my personal family ties; and they are a blessing of my treasured gifts. Thankful I am created to recognize true wealth. - You're very blessed, sir! And yes, there certainly are various measures and types of wealth! 💰 I always want crypto because it is future for me - It's going to be the future for all of us! 🔮 Cause they have done it before - Ooo curious to know what they did for you! Like to think I have several friends I could trust with my life. There would be a few others, but I would have to slip them a few bucks probably. - Lmao! Sometimes, you just gotta incentivize the bros. 😂 This is a very interesting coin! - GRIN really is! Personally, I'm a supporter as I see value in privacy coins! 😀 I don't know. - Food for thought (: Total friendship extending over 35 + years! A true blessing! And, of course, I would reciprocate! - There is a saying that goes 'a friendship that lasts 7 years is a friendship that will last a lifetime'. You guys are many times over that! 👍 The human being is too complex for us to trust to the point of giving our lives into the hands of a friend, but surely my life and the life of my mother and my sisters are given to each other, and we have already had great proofs about it . - 'Children are the anchors that hold a mother to life' - Sophocles 💓 My husband and I are best friends and my best friend from high school (1983) is still a part of my life😊 - Awww that is so sweet! You guys are an inspiration and give hope to those who believe in having one true love! I value my life too much Iwouldn't trust anyone - A guarded individual! 🛡️ I am fortunate to have friends who have demonstrated their character and integrity in ways that make it clear I can trust them with my life. These are not just the friends who drop everything to help, they are also the ones who stick around after the crisis is over and have seen me through to the end. - Sounds like you have a great support system behind you. I'm sure many would kill to have that. You're truly blessed. I hope you're reciprocal! 😊 (H. Jackson Brown, Jr.) together as friends spend all your time in good times and bad times...day or night. - Ooo good one! Friends sure make life a great deal more fun. 😬 very few real friends - Keep em close! i am fortunate to be in company of few people, i can call them friends & totally trust them... - That is great to hear. Life can sometimes get a little tough to tackle alone. 😔 Because We’ll Always Choose Love Over Pettiness - Love always wins! 💪 I don't have any friends. - You can add me to your list! (: it,s my best friend since 60 years - Wow, that sure is a really long time! Must be one hell of a ride I'm sure! 🏍️ Abinash kar - Shoutout to Abinash kar! Hahaha
"How do you typically spend your weekends?"
Taking photos in summer months with my fiance on Betsy Blue, a 2006 Harley Ultra Class touring bike. Our winter days are spent at home here where some snowmobile in Maine. - That is so sweet. Would love to see those photos! 📸 SOMETIMES IN HOMEWORKS AND OTHERS HAVING FUN - Gotta make some sacrifices for good grades! It'll pay off for sure! 👌🏻 Exercising, reading - Mind and body gains! 💪 This weekend will be spent cleaning. Hopefully, I will come down with a severe case of “spring fever” and I will rest and drink lots of fluids. - Spring cleaning! I find that it can be quite therapeutic. 😴 resting - Hope you had a restful weekend! Go to swim in the morning after my coffee cup and check my crypto investments, then watch anime or play RPGs until the next day. - Oooo, that sounds like a exciting and packed weekend you had. 😀 Seeking to be present with those who do not have time during the week. - Very thoughtful of you! Relaxing and going to sports events - Sporting events are always fun to spectate and be a part of. The tense atmosphere you get to experience can't be easily replicated. 😀 Hanging out with family and friends! - Perfect! 👍 movies, food, shopping, friends & family visit. love to sleep & spend lazy time at home... my dog is very happy on sunday when we are all at home.. - Nothing beats having quality family time. 💓 Alone Tbh, That’s Why Having Geniune Friendships Are Important To Me - Cheer up, the weekend has already passed! Spending alone time is important too! Gives you the time and space to really work on yourself. 😊
Thank you all for reading! Catch you back here again tomorrow for your daily dose of crypto news! 💙
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