Blackrock Soars, Biden Meme Explodes, Spain Halts Altman 🛑

In today’s update, Blackrock's spot ETF sees staggering $800 million daily inflows, while BODEN, the Biden-inspired meme crypto, skyrockets by 4,700% amid Solana's volatile ride. Spain halts Sam Altman's Worldcoin over privacy concerns, yet Revolut collaborates with MetaMask for further integration. CoinSwitch, India's crypto exchange, surpasses 20 million users, riding high on its magic carpet. Ethena Labs and Injective join forces to explore beyond Ethereum's realm, as Singapore nods towards Euro crypto spot with Bitstamp.

And as usual, explore opportunities to claim free coins in our Alpha section. Read on for more…

Meme of the Day

Memecoins Skyrocketing in this bull run

Market Movements - 07 Mar 2024

Large cryptocurrencies were mixed today, with Solana SOLUSD, 10.44% seeing the biggest move, jumping 12.07% to $148.42. BTC inched up 0.91% to $67,103.60, while ETH fell 1.01% to $3,812.82.

US stocks rose, staying upbeat ahead of a second day of closely tracked testimony from Federal Reserve Chair Jerome Powell. Techs took the lead again with a 0.7% gain for the Nasdaq Composite futures, while the S&P 500 added 0.6%. The Dow Jones Industrial Average gained 0.5%, after all three gauges ended the previous session in the green.

What moved in the Crypto World Today

Blackrock's Spot ETF Inflows Reach Astronomical $800 Million Daily!

Our Canary has obtained exclusive information directly from the financial hub. BlackRock's iShares Bitcoin ETF got a juicy $788 million treat!

BlackRock is the world’s largest asset manager with $10 trillion in assets as of December 31. Not a shocker, really. They took a dive into Bitcoin's pool with a new Spot Bitcoin toy and presto, another bull market parade!

Read more here

BODEN, the Biden-Infused Meme Crypto, Rockets Up 4,700% on Solana Rollercoaster

In the post-Super Tuesday frenzy across the United States, meme coins on the Solana blockchain soared higher than our beloved Canary bird on a sugar rush! The jovial jeo boden (BODEN) token, tied to the antics of President Joe Biden, skyrocketed an astounding 4,700%, chirping happily at $0.05 from its humble nest at $0.002.

Meanwhile, the feathers of the Donald Trump-inspired cryptocurrency, TRUMP, got a little ruffled as it dipped to $7.07, despite its previous soaring flight. Perhaps this swoop down was prompted by Trump's victories in 14 out of 15 states during the Super Tuesday showdown.

Read more here

Spain Hits Pause Button on Sam Altman's Worldcoin Due to Privacy Alarms

Spain's privacy guardians, AEPD, have told Worldcoin (WLD) to stop using eye scans for scooping up personal info in Spain. They want them to stick with what data they've already got.

Earlier, South Korea has also said that they’re checking out Worldcoin because people are upset about their privacy. Spain's not alone in this; they're leading the charge in Europe against Worldcoin, and they think other European countries should join in too.

When this news hit, Worldcoin's price took a dive, down almost 10%. But hey, it's still way up, almost 200% in a month. WLD started going up in February, along with other cool AI coins, after OpenAI's Sora came out, letting you turn text into videos.

Read more here

Revolut Teams Up with MetaMask: Now Shop Inside Your Wallet

Revolut, the funky European money wizard, has announced partnership with MetaMask to make buying crypto as easy as pie, straight into your MetaMask wallet. They're calling it Revolut Ramp, and it's like a magical bridge for your money.

With Revolut Ramp, you can snag up to 20 different cryptocurrencies, including Ethereum (ETH) and those stablecoins like USD Coin (USDC), and drop them right into your MetaMask wallet. And get this: Revolut users get a special treat. They can skip all those boring verification checks because Revolut's got them covered.

For the groovy digital bank headquartered in London, this is just another groovy move in their crypto journey. They've got big plans, like their very own cryptocurrency exchange for the high-flying traders.

Read more here

CoinSwitch, the Crypto Maharaja of India, Rides Its Magic Carpet to Surpass 20 Million Users

CoinSwitch, the mischievous maverick of the Indian crypto scene, has pulled off a feat that's leaving heads spinning faster than a Bollywood dance number! With over 20 million registered users under its belt, CoinSwitch is taking the crypto world by storm, all while sipping chai and munching on samosas!

This cosmic achievement is happening amidst a wild resurgence of user activity in the land of spices and everything nice, from the green light given to Bitcoin ETFs in the US to the whispers of Ethereum ETF approvals.

Read more here

Ethena Labs Teams Up with Injective to Explore New Frontiers Beyond Ethereum's Borders

Injective and Ethena just did a high-five in the crypto world! Using some fancy Ethereum tricks, Injective made it possible for Ethena to jump into their world. Now, it's like they're holding hands - if you have a MetaMask wallet, you can easily connect it to Injective.

Imagine this: Ethereum and Injective are now best buds, thanks to this cool integration. You can now effortlessly link your Ethereum wallet to an Injective one.

Ethena, the hotshot synthetic dollar protocol on Ethereum, is making waves in the crypto scene. They've locked in almost 1 billion bucks in just a month since they popped up!

Read more here

Singapore Gives Nod with Wink to Euro Crypto Spot, Bitstamp

Good news for crypto fans in Singapore! European exchange Bitstamp just got a "thumbs up" (in-principle approval) from the Monetary Authority of Singapore (MAS). This basically means they're one step closer to offering cryptocurrency services in the city-state.

Think of it like getting a special license to sell digital money. This makes it easier for people in Singapore to buy, sell, and trade crypto with Bitstamp. The last exchange to get this license was Upbit, back in January, so Bitstamp might have to wait a bit longer for the final okay.

Read more here

Funding Announcements

1. TON Bags $8m, Ready to Unveil Super-Duper Telegram Web3 App 

   Source: CryptoNews

Alpha Offerings

1. Wormhole’s airdrop is set to spread its wings to nearly 400,000 distinct wallets, for users who've engaged with Wormhole applications across various blockchains. Check your eligibility here: https://wormhole.com/airdrop/

    

2. Saga Community Genesis Drop

   • Eligible addresses can claim up to 60,000,000 SAGA (6% of total supply), the native token of SAGA, until 27 March 2024, 12:00 UTC

     - Claim here: https://claim.airdrop.saga.xyz/)

     - Info here: https://medium.com/sagaxyz/saga-community-genesis-drop-guide-c484644b97f4

Hall of Fame, Hall of Shame

Lena Network's Candy Coin Takes 87% Dive in $2.9M Rug Tango

Lena Network’s CANDY token took a nosedive of over 87% after a mysterious disappearance of 753 Ether, worth a cool $2.9 million.

This rug pull happened just hours before Lena Network bragged about giving up control of the token contract. Talk about mixed messages. Investors are left feeling like they were sold a bad batch of candy, and the crypto world is buzzing with accusations.

Source: CoinTelegraph

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