Crypto Rallies Despite SEC's Attack

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Top Stories

BTC $66,868(+6.2%) | ETH $3,544 (+9.7%) | SOL $189 (+10.4%)

• ETH NFTs show signs of life as all top 15 collections by volume are up on the day, headlined by Pudgy Penguins (+32%), Lil Pudgys (+46%), and DeGods (+17%)

• The SEC is seeking to classify Ethereum as a Security. This comes after the Ethereum Foundation signals in February that the foundation “has received an enquiry from a state authority”

• Crypto rallies Thursday evening as majors recover 8-12% and top 50 memecoins such as DOGE, SHIB, PEPE, and WIF all gain over 10%

• The crypto rally comes despite a third straight day of net BTC ETF outflows, led by $386M leaving GBTC

• Alien CryptoPunk 7804 sells for 4850 ETH ($16.4M) beating out the Alien that sold for 4500 ETH two weeks ago

• XCOPY’s open edition “MUTATIO” on Base concludes with just over 1 million NFTs minted at .00069 ETH, raising over $2M and currently selling on secondary at .0011 ETH

• Base network congestion leads to Coinbase wallet and Coinbase.com failures as daily Base transactions have increased 300% from Pre-Dencun upgrade levels

• Polygon and Immutable launch a $100M blockchain gaming investment fund with help of VC firm King River Capital, investing in 7 projects including Pixelmon, Guild of Guardians, and My Pet Hooligan

• Opensea releases Seaport 1.6 which features “Seaport Hooks” allowing developers to create innovative behavior, such as NFTs that “evolve” traits based on the price at which they were purchased.

• Quantum Cat artist 0xfar is revealed to be the artist behind the iconic Runestone parent inscription, which was burned to Satoshi’s address

• Portal coin staking opens allowing users to stake $PORTAL to level up and gain exclusive access to new games and presales

• Robinhood extends their mobile crypto wallet to Android as it launches on the Google Play Store just over a year after launching on iOS

• Killacub #8 becomes the first ETH native NFT to bridge to Solana as the team prepares the bridge for the rest of the collection

Top Movers

ETH

• Lil Pudgys +46% to 1.27 ETH

• Pudgy Penguins +32% to 14.3 ETH

• DeGods +17% to 1.67 ETH

SOL

• Saga Monkeys +59% to 3.7 SOL

• CryptoUndeads +24% to 2.1 SOL

• Mutantmon -13% to 1.7 SOL

BTC

• Little Pups +53% to 0.005 BTC

• Bitcoin Puppets +16% to 0.27 BTC

• Natcats -20% to 0.05 BTC

Crypto

• $FLOKI (ETH) +42% to $2.4B MC

• $ONDO (ETH) +35% to $1.1B MC

• $SHROOM (SOL) -66% to $9.6M

Upcoming Mints

Future Date:

• 3/28: Ordinal Sigma X (BTC)

• 3/29: San FranTokyo: Visions (ETH)

• 3/29: 0N1 F4LL3N (BTC)

• 4/11: "No Brainers" by Killer Acid (BTC)

• TBD: INK (BTC)