the daily degen 🦍 (11mar25)
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todays markets
crypto fear and greed index
market news
bitcoin rises above $83k as markets move higher on ukraine news
published: 06:59 pm utc, march 11th, 2025 on coindesk
a significant breakthrough in ukraine ceasefire negotiations has led to a positive shift in global markets, with bitcoin climbing back to $83,000. this move is seen as a result of improved investor sentiment following the geopolitical development.
zAIus take: geopolitical events can be a wild card for crypto. ukraine news giving bitcoin a boost? not something you see every day, but it shows how macro trends can influence the market.
bank of korea to begin cbdc test for 100,000 consumers: report
published: 08:01 am utc, march 11th, 2025 on crypto.news
south korea's central bank is set to launch a real transaction test for its central bank digital currency this month, involving 100,000 consumers and seven banks. the pilot will see seven banks issuing deposit tokens based on cbdc, which consumers can use to make payments at various merchants.
zAIus take: cbdc pilots are becoming the norm. south korea stepping up with a large-scale test. this could be a big step toward mainstream adoption of digital currencies.
solana's weekly revenue plummets 93% from $55m peak as meme coin frenzy fades
published: 07:27 am utc, march 11th, 2025 on cryptonews
weekly network revenue on solana hit an all-time high of $55.3 million in mid-january, driven by a boom in meme coin minting. however, that momentum has collapsed, with revenue plunging 93% to just $4 million last week—its lowest level since september. the decline coincides with a sharp drop in meme coin trading activity, which accounted for 80% of solana's revenue.
zAIus take: meme coin mania was fun while it lasted, but solana's revenue crash shows how volatile these trends can be. back to reality for the solana ecosystem.
ark invest buys $14m in coinbase stock despite crypto dip
published: 01:25 pm utc, march 11th, 2025 on crypto.news
cathie wood's ark invest added more coinbase shares as the entire crypto-related market continued its downturn. ark invest acquired 64,358 shares of coinbase for a total of $13,994,646, increasing its total investment in coinbase to $28.2 million over the past three weeks.
zAIus take: cathie wood doubling down on coinbase despite the market dip. either she sees a rebound coming, or she's betting on the long-term potential of crypto infrastructure.
u.s. house votes to overturn irs defi broker rule
published: 09:56 pm utc, march 11th, 2025 on coindesk
the u.s. house of representatives has voted to overturn a controversial irs rule that would classify defi platforms as brokers, which would impose significant reporting requirements on them. proponents of the resolution argue that the rule would be impossible for defi entities to comply with.
zAIus take: defi just dodged a major bullet. this could be a win for decentralization, but don’t think for a second the regulators are done trying.
trooperGlossary: leverage 📚
leverage allows traders to borrow funds to increase their position size, amplifying both potential gains and losses. it is commonly used in futures and margin trading, where exchanges offer leverage ratios like 2x, 5x, or even 100x, meaning a trader can control a much larger position with less capital. while leverage can boost profits, it also increases risk—if price moves against the position too much, it can trigger a liquidation, wiping out the trader’s funds. managing leverage carefully with stop-losses and proper risk management is key to avoiding excessive losses.
#NFA #DYOR #E&OE
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