Maacht mat am wichtegste Gespréich a Krypto a Web3! Séchert Äre Sëtz haut
Gudde Moien. Hei ass wat geschitt:
Präisser: Bitcoin had a flat weekend as the market continued to digest Silvergate, and also readied what will likely be positive economic data from China this week.
Asiicht: Like any good punk or hip hop show, this year’s Colorado event for coders will feature events that will “scare away normies,” CoinDesk Chief Insights Columnist David Z. Morris writes.
Präisser
Silvergate Woes and Likely China Improvement
1,044
2.1 + ▲ 0.2%
$22,463
131.6 + ▲ 0.6%
$1,569
2.3 + ▲ 0.1%
S&P 500
4,045.64
64.3 + ▲ 1.6%
Gold
$1,859
11.7 + ▲ 0.6%
Nikkei 225
27,927.47
428.6 + ▲ 1.6%
BTC/ETH Präisser pro CoinDesk Indizes, ab 7 Auer ET (11 Auer UTC)
Good morning Asia, here’s what’s driving markets today.
Both bitcoin and ether are starting the week off flat, with the world’s largest digital asset at $22,463, up 0.6% on-day, and ether at $1,569, up 0.1%.
Observers say that the market is at something of a precipice right now. While it’s no longer the depths of crypto winter, the market has to decide how much it will continue to price in Silvergate’s crypto failure while also accounting for positive economic data from China.
“It doesn’t look like the Silvergate issue is leading to broad contagion. And we may have seen most of the drop associated with that news already,” Matt Weller, Forex.com’s global head of research, told CoinDesk TV on Friday. “I wouldn’t be surprised to see bitcoin retrace back down to $20,000, maybe even $18,000, to sort of retest those lows. But…it does look like the depths of the winter are behind us.”
At the same time, economic data from a re-opened China, which rapidly dropped all Covid restrictions at the start of the year, might bolster the “China narrative” that fueled late February’s mini price rally. This coming week is set to be a busy one with economic data releases from the country, with Balance of Trade, foreign exchange reserves, and inflation-rate data expected.
“China’s opening is a positive factor for the world’s economy, which infers that certain Animal spirits are back in Asia,” said March Zheng, the co-founder and managing partner of Bizantine Capital, in a note to CoinDesk.
These so-called animal spirits, Zheng said, could lead to an increase in appetite for assets like crypto.
“We are of the view that it will counterbalance the continued, persistent fears in the U.S. equity markets as well as rising rates,” he said.
Abléck
EthDenver Shows That Ethereum Has an Actual Community
This weekend marks the culmination of ETHDenver, probably the most important annual gathering for smart contract and decentralized finance (DeFi) developers right now, on Ethereum and beyond. I wish I could be there this year, but I’m still recovering from a pretty intense four months of making cool things an exposing bad guys.
Fortunately, plenty of people are sharing clips from the event, so I can enjoy it vicariously. Unfortunately, many of these posts express something between innocent confusion and sneering takedowns of the supposedly lame ETHDenver goings-on.
Dësen Artikel ass aus dem Node extrahéiert, dem CoinDesk seng deeglech Roundup vun de wichtegsten Geschichten a Blockchain a Krypto Neiegkeeten. Dir kënnt abonnéieren fir dat Ganzt ze kréien Newsletter hei.
But that attitude, to paraphrase the fugitive philosopher-thief Do Kwon, is a great formula for getting rekt. It may look like silliness and disorganization to you, but ETHDenver’s rough edges are actually strong signals that a real community has been drawn together by shared interests to build something together from the ground up. That’s the kind of community that has and will weather slow periods of crypto growth like what we’re going through right now.
Kuck och: Tensions Erupt Between Aptos, Sui Blockchains in Denver
It’s hip to be cringe
Et ass richteg datt am Verglach mat ville Kryptokonferenzen ETHDenver a bestëmmte verwandte Eventer just de geringste bëssen schlëmm schéngen kënnen, a méi wéi de geringste bëssen komesch. Huelt zum Beispill déi jährlech Bäiträg vum Jonathan Mann, alias "The Song a Day Guy." Hien huet eng Zäit laang goofy, liicht amateuristesch Melodien fir d'Evenement erstallt an opgefouert - an all Joer notzen d'Leit op Twitter d'Geleeënheet fir hien ze dunken.
But let me tell you, a goofy song is barely the only thing at ETHDenver that might make you uncomfortable!
When I attended last year, ETHDenver was held in a refurbished parking garage, where the bathrooms were partly or entirely broken for much of the event. You couldn’t see the main stage from roughly a third of the ground floor seating, and people talking at the back of the room halfway drowned out the speakers. Every once in a while, someone would drop 500 pizzas on an upstairs table, resulting in massive queues that made it nearly impossible to move.
And you know what? It was awesome.
The full article can be found hei:
Wichteg Evenementer.
9:00 Uhr HKT/SGT (1:00 UTC) Eurozone Retail Sales (YoY/Feb)
2:30 Uhr HKT/SGT (18:30 UTC) Reserve Bank of Australia Rate Statement
5:45 Uhr HKT/SGT (21:45 UTC) Switzerland Unemployment Rate s.a. (MoM/Feb)
Mënz Desk TV
Am Fall wou Dir et verpasst hutt, hei ass déi lescht Episod vun "First Mover" on Mënz Desk TV:
Bitcoin (BTC) and ether (ETH) were sinking, as customers flee crypto bank Silvergate, whose stock closed 58% lower during U.S. trading yesterday. Forex.com Global Head of Research Matt Weller shared his reaction. Plus, Sotheby’s is auctioning the original manuscript for “Snow Crash,” Neal Stephenson’s landmark 1992 science fiction book that coined the terms “metaverse” and “avatar.” Author Neal Stephenson and Sotheby’s Head of Sale Cassandra Hatton discussed. And, Audius Co-founder and CEO Roneil Rumburg explained how the web3 music streaming platform is integrating with TikTok.
Headlines
Gitcoin, a Crowdfunding Platform for Open-Source Software Votes to Seed Staked ETH Index: The index could provide a stream of income for Gitcoin to raise funds for grants – if users are attracted to the new index that exposes token holders to a diversified set of liquid staking tokens.
Stablecoin Issuer Tether Used Bank Accounts Opened With Falsified Documents in Past, WSJ:Tether, the company behind the world’s largest stablecoin, accessed bank accounts by way of falsified documents and intermediaries, a new report says.
ETHDenver gesäit Cringey fir Iech aus well Ethereum eng tatsächlech Gemeinschaft huet: Like any good punk or hip hop show, this year’s Colorado event for coders will feature events that will “scare away normies,” CoinDesk Chief Insights Columnist David Z. Morris writes.
Chainlink Price Feeds Go Live on Base, Coinbase’s Layer 2 Testnet: Base also joins the data provider’s Scale program, allowing developers to construct smart contracts that can react to external information at a subsidized cost.
Bankrupt Crypto Lender Celsius Reopens Withdrawals for Certain Custody Accounts: The firm paused withdrawals last June, citing extreme market conditions.
Source: https://finance.yahoo.com/news/first-mover-asia-bitcoin-stuck-010604652.html