The next big Bitcoin test is coming – being ready

In addition: is the regulation of Stablecoin a victory or a trap?

We are starting today’s tightness with something extra juicy:

Airdrop of the 7 30k season of bitdegege

It’s Live!

Gane bits simply answering questions and completing micro tasks: they will decide their $$ participation of the awards group when the season ends on April 30.

Ah, and to make it even sweeter,

Defend

Add 1,000 USDC additional to mixture – But only until March 24.

There is no time to lose! Arrival Are you in or what? 😏

GM. Some days, the market is a fruit basket; Today, it is a fruit fight. We have dodged the bruises to bring you the tastiest pieces.

⚖️ The act of genius.

🍋 News Drops: American legislator who does not feel the strategic encryption reservation, United Kingdom crimes officer who committed crime + more

🍍 Market taste today

Fear has returned to the menu, all of you.

But Trader Jelle’s I have his eyes on the top cycle of Pi indicator (A tool that has a good scary history of predicting Bitcoin’s peaks) – And it is not even close to showing a warning yet.

Translation: BTC still has a lot of space to grow.

Before that happens, although it will be necessary Breaks large fat resistance levels at $ 84k and $ 90k. And even before reaching them, BTC has first to Claim $ 83.7K (Its 200 -day mobile average).

Without that, any outbreak will be wobbly at best.

There is one thing that works in favor of Bitcoin: the market could finally end up in panic.

André Dragosch of Bitwise thinks We have hit Economic uncertainty peak of the United States – So bad news is simply not crazy about people so strong because they got used to it.

Translation: the worst has already been a price, and that is Usually a lower signal.

Investor Lark Davis thinks Bitcoin could meet at the end of April or early May: if the correct conditions fall in place:

• M2 increases = more money in circulation = extra effective that could reach cryptography;

• Inflation cools, interest rates fall;

• New launch of Crypto ETFS;

• Ease of global tensions (the Russia-Ukraine war and commercial disputes).

But it is far from being guaranteed. If the macro problems are not solved, Bitcoin does not react as expected that changes in the money supply, or a recession will begin; Investors can doubt in assuming the risk.

So yes, the short term is uncertain. In the long term, although? Bitcoin is growing:

• Deutsche Bank says that a strategic bitcoins reserve of the USA could establish a global trend, and in that case, Vaneck predicts that Bitcoin could reach seven figures;

• Russia uses it for commercial agreements with China and India;

• Public companies are increasingly investing in BTC:

Basically, BTC still has to do some task before graduating, but the general panorama is optimistic 🎓

🥝 Memecoin harvest

Your uncle, who called Crypto Stupid Internet moneyHe is sweating after seeing these profits … (Except when it comes to Memecoins, yes, I could have been right. But who cares) 👀

Data at 07:50 AM est.

Check out these memecoras and much more here.

After last week Cryptographic Summit of the White HouseOne thing is clear: the United States government sees Stablecoins as their secret sauce to keep the king of the world 👑

And this time, it wasn’t a All bark, without bite Type of things.

Case in point: Genius Law approved the Senate Banking Committee with a bipartisan vote of 18-6.

Yeah, It still has to go through Congress and be signed. But it is closer than ever.

If the genius law becomes law, it will finally establish some Clear rules on how Stablecoin emitters operate:

• Smaller issuers (less than $ 10b of market capitalization) will be regulated in the state levelwhile the great Dawgs greater than $ 10b (tied and circle) will be handled by The Fed & Occ;

• The emitters will have to be 100% transparent about your reservations and inform your liquidity every month;

• Maintain a strict 1: 1 backup with US dollars or other super liquid assets;

• Fulfill reimbursements to request (also known as, return your money when asked). If they do not, the Fed & OCS can close them or fine them;

• AML and KYC standards They are in full.

This could be a great W for the industry. More clarity = more trust = more adoption 🚀

But not everyone is excited. The founder of Smardex, Jean Rausis, says This bill is not just about Better regulation – This is control.

His opinion: the United States realized that Stablecoins are Basically a dollar demand machine. Then, instead of fighting them, The government now wants to own.

Why is that a problem? Because once Stablecoin emitters begin to follow strict government rules, regulators gain the power to freeze transactions whenever they want, basically making them a CBDC disguised.

And what happens to the issuers who do not play with the rules? Well … just look at the strap in the EU. Failure = be crushed.

It has one point: centralized stable make hand regulators a ton of power.

But if that is good or bad it depends on how I see it.

• Some argue that clear rules help Stablecoins integrate into tradfi, which could be a net positive;

• Others see it as a threat to financial privacy.

Cryptography is maturing, so the true battle is no longer about whether regulation is approaching, but how much freedom will remain once it inevitably does it.

I guess we will discover it soon.

🍋

😡 Michigan Gerald E. Connolly representative wants the United States Treasury to abandon the idea of ​​a strategic encryption reserve. He called it useless for the American people and only a money printer for the president and his donors.

🚮 Vermont dropped his case against coinbase rethinking services. The SEC has eliminated its new federal rules on its way, so the State was like, Why fight a battle that is over?

⚖️ The guy behind Aml Bitcoin was declared guilty of electronic fraud and money laundering. He raised $ 2 million through an ICO, never launched the coin and flew the money in houses and luxury cars.

👮‍️ Paul Chowles, a United Kingdom crimes officer, is accused of stealing 50 Bitcoin during an investigation. A little like a firefighter who starts fires.

🐛 Ethereum developers are launching a third test, Hoodi, after the first two test bags shot over some errors. The tong update is now delayed until at least end of April.

🍌 Juicious memes