Analysts note that the current stage of Bitcoin network hashrate growth is the third most intense result in BTC history. The indicator increased more aggressively only in mid-2021 after the ban on mining in China and after the bear market in 2019.

All in all, miners are working.

Breaking: Australia Introduces Crypto Market Regulation Bill In Parliament

https://bit.ly/3lJKQD7

March 2023 will be remembered, among other things, for the interim record for the share of total gas in the Etherium blockchain consumed by tier 2 networks like Optimism and Arbitrum. The actual figure is 6.81 percent.

This means that such networks are now in serious demand among ETH enthusiasts.

The total volume of trading on cryptocurrency exchanges in March 2023 was the equivalent of $983 billion. This is the best result since October 2022 and more than twice as much as the December 2022 total.

So traders are really waking up. I guess we're expecting a trillion in April?

Breaking: Big Blow To Binance; ASIC Scraps Binance Australia Derivatives AFS License

https://bit.ly/3zD3tMg

Santiment analysts noted a curious trend in the behavior of ETH investors. In particular, they are actively withdrawing ethers from centralized exchanges, due to which the balance of the ten largest trading platforms is now near a historical minimum.

At the same time, the balance of the ten largest addresses, which are not exchanges, is near its maximum.

Such are the priorities. The good ones.

Breaking: Bitcoin’s Price Jumps On Lower Than Expected U.S. CPI Data

https://bit.ly/3o69uyy

The last time ETH was worth more than $2,000 was in May 2022. Market recovery is always nice 🚀

It looks like a decentralized exchange Uniswap will also be launched based on zkEVM in the Polygon network. The relevant proposal was supported by all participants of the voting represented by UNI token holders. No one spoke against it.

Recall, in mid-March 2023, the exchange also launched in the network BNB Chain.

Etherium is now a network for the very rich. Here are the average fees for various transactions in this blockchain at the moment 💀💀💀

Breaking: Amazon NFT Marketplace Launch Delayed

https://bit.ly/3oB7JJP

Bitcoin is near its all-time high in Argentina. This is due to the depreciation of the local peso due to the currency crisis in the country, which began in 2018 and continues today.

Specifically, the BTC to peso exchange rate has risen 106 percent since the beginning of 2023. So in this country, dealing with cryptocurrencies is practically a matter of survival.

According to ScamSniffer, cryptocurrency enthusiasts have lost the equivalent of $4 million due to fake ads for blockchain platforms on Google.

The scheme is simple: a user searches a search engine for the site of a desired exchange, wallet or service (it is better to add sites to bookmarks) and ends up on a fake platform because of ads. The latter steal either user authorization data or more sensitive combinations like sido phrases that allow to get to the contents of the blockchain address.

To illustrate, here is an example of fake platforms in the search results for Zapper and Lido - they are highlighted with rectangles.

We need to be even more careful, in general.

PayPal announced the addition of cryptopayments to the Venmo platform, which it owns. Thus, users of the latter will be able to transfer digital assets to friends and relatives. The feature will be launched as early as May.

The interface of the new product is shown in the second image.

In case you didn't know, typing an Etherium address into Google will show its balance in ETH. This is thanks to the Etherscan blockchain browser, which is where this data comes from.

The volume of tokens on the address does not show up in the output, but it's not bad either.

Binance twice in a day closed VTC withdrawals due to network congestion. To solve the problem, the exchange decided to integrate Lightning Network.

In the last day clients withdrew from the exchange almost 200k BTC or more than $5.5 billion (CryptoQuant)

Speaking of network congestion, there are now 464,000 unconfirmed transactions hanging in bitcoin's mempool. Historically, this has been a reversal signal, after which we have often seen a long-term trend change.

Breaking: Elon Musk Names New Twitter CEO, Who Is Linda Yaccarino?

https://bit.ly/3nURY0o

Today, to get into the top 100 richest Bitcoin addresses, you need to accumulate exactly 10 thousand BTC, or the equivalent of $265 million. It is funny that this indicator has not changed over the last month, that is, large investors are not particularly active in changing their balance.

According to CoinShares analysts, trading volumes with Bitcoin increased most noticeably in 2023 in Japan and emerging markets like South Africa and Turkey. At the same time, in the most advanced markets, the indicator decreased.

In this case, we are talking about spot trades, i.e., trades that do not use borrowed capital from the exchange.

Crypto-exchange OKX has prepared for the launch of spot trading Ordinals ORDI, one of the most popular BRC20 tokens based on the Bitcoin network. The platform has already opened support for corresponding user deposits. Well, trading in ORDI/USDT pair will start as soon as "deposits will meet the requirements" of the platform.

If anything, ORDI is the largest token in the Bitcoin blockchain by market capitalization and trading volume over the past 24 hours. Here's the chart.