• ADA surged 15% off critical support, pushing the price above the resistance at $0.35.
• Trading volume and momentum indicators are bullish, signalling further gains for ADA.
• If buyers break resistance at $0.35, ADA could target $0.38 next.

ADA Surges Off Critical Support

Cardano (ADA) recently found strong support at around $0.30 and quickly rallied to hit resistance at $0.35, marking an impressive 15% surge from its recent low. This show of strength has turned the chart bullish, which could see ADA move higher later this week.

Trading Volume & Momentum Indicators Bullish

The explosive buying volume reversed the downtrend abruptly and is seen as a bullish signal for Cardano’s price action going forward. The daily RSI touched the mid-level of 50 points while the MACD completed a bullish cross – both indicating that buyers have taken control of the cryptocurrency’s price action and could push it higher in the near future if they maintain their pressure on prices above $0.35 in resistance level..

Bias is Bullish

The bias for ADA is currently set to bullish based on these indicators as well as recent movements in market sentiment surrounding this cryptocurrency asset class as a whole.

Short-Term Prediction

With this latest bounce off support, ADA has turned bullish according to its momentum indicators, suggesting that if buyers can maintain their gains and break out of resistance at $0.35 soon, then ADA could potentially target the next resistance levels around $0.38 next in upcoming trading sessions later this week or early next week depending on how strong buyers remain throughout this period of time..

Disclaimer

• Grizzly.fi, a DeFi platform, is offering a Tesla Model 3 giveaway to its community.
• The giveaway is organized by Grizzly.fi in collaboration with many renowned DeFi companies.
• Participants need to access the giveaway page and complete certain actions to increase their chances of winning.

Grizzly.fi Announces Tesla Model 3 Giveaway

Grizzly.fi, a DeFi platform that wants to make DeFi accessible to everyone, has great news for its community! On March 6th, 2023, Grizzly.fi announced a collaboration with some big names in the DeFi world to give away a Tesla Model 3 as part of their celebrations for the release of their new roadmap on March 10th.

The Goal Behind the Giveaway

The goal behind this generous giveaway is to incentivize more people into joining the growing world of DeFi and see how it can benefit them in different ways. With this amazing prize at stake, people will be more encouraged to join and explore the possibilities that come with it! The Grizzly.fi team is thrilled about this announcement and hopes it will attract even more users into exploring what DeFi has to offer them.

Collaboration with Other Big Names in the Industry

This exciting giveaway was made possible through Grizzly’s collaboration with other renowned companies such as Vacabee, Stader XCAD Network, DEUS Finance, Persistence Fear Thena Coin98 Finance Galactic and Biswap who are all equally excited about this amazing opportunity they are offering their communities together!

How To Participate?

To participate in the Tesla Model 3 giveaway all you need to do is access the official giveaway page sign up using your details and follow through with some simple steps that will increase your chances of winning this amazing prize! Make sure not to miss out on your chance at owning one of these beautiful cars – keep an eye out for updates from Grizzly or any other participating company so you don’t miss out on anything important!

Conclusion

This incredible announcement by Grizzly has really upped the excitement surrounding their upcoming roadmap reveal on March 10th – we can’t wait to see what they come up with next! Don’t forget – if you want a shot at winning that Tesla Model 3 make sure you sign up now before it’s too late!

• Goerli is a popular cross-client proof-of-authority testing network for Ethereum.
• Traders can send tokens from other chains to Goerli, using the testnet version of the actual ether.
• LayerZero developers have launched a cross-chain liquidity pool to enable devs to purchase testnet ether directly from Uniswap.

Goerli Testnet

Goerli is a popular cross-client proof-of-authority testing network for Ethereum which was established in March 2019. Tests are run on applications before their final deployment on the mainnet, and traders can also send tokens from other chains to Goerli using the testnet version of the actual ether—which has no real world value.

Distribution Method of GoETH

The distribution method for native ETH (GoETH) has been a major bone of contention since it is primarily in the hands of a few validator entities who distribute only a small amount of GoETH. The traditional approach uses services called faucets to gain testnet tokens, which is deemed inconvenient by many.

Cross-Chain Platform LayerZero

In response, a cross-chain platform LayerZero designed a way for Goerli’s testnet ether to be traded and swapped between the Ethereum mainnet and the testnet, allowing users to buy GoETH directly from decentralized exchange Uniswap.

Fluctuation in Price

While tokens on the testnets are designed to have no real world value, there has been significant fluctuation in its price recently due to increasing demand among developers and traders alike.

Critics’ Warnings

Critics have warned against this new approach of monetizing the native currency of an open source project like Ethereum as it could lead to centralization issues with regards its supply and distribution.

• Sony Network Communications and Astar Network have partnered to present a Web3 Incubation Program from mid-March to mid-June 2021.
• The program, which is open to people from all regions, will be focused on NFTs and DAOs.
• Startale Labs will also collaborate with both companies to introduce the event.

Sony Network & Astar Network Partner for Web3 Incubation Program

Sony Network Communications (a tech provider under the umbrella of the Sony Group) has partnered with Polkadot’s innovation hub – Astar Network – to present a Web3 Incubation Program. The program will run from mid-March to mid-June, as people can apply until March 6th, 2023. Startale Labs will also collaborate with both companies in introducing this event which focuses on NFTs and DAOs.

Open To All Regions

The Web3 Incubation Program is open to people from all regions across the globe. Venture capital firms such as Fenbushi Capital, Dragonfly, Alchemist Ventures and many more are part of this program and will provide educational sessions related to the utility of DAOs and NFTs.

Rich Experience In NFT Sector

Sota Watanabe – CEO of Astar Network – expressed his pleasure in participating alongside a company with rich experience in the NFT sector: “We hope to share the knowledge and resources of both organizations to provide value to the participants selected for the program and create new use cases and projects”.

Sony Networks Exploring Blockchain Field

Sony Network has already started exploring blockchain technology, raising hopes that this partnership would allow them offer applicable Web3 solutions for consumers.

Application Deadline: March 6th

Users willing to join can apply until March 6th, 2023 when applications close at 11:59 PM EST/EDT (New York Time). Once applications close, 10-15 users will be chosen after review by Sony Networks and Astar Networks teams.

• Polkadot-Based GameFi Ajuna Network has obtained $7 Million in funding to develop its network and suite of tools.
• The private round was led by Asian blockchain-focused venture capital (VC) firm CMCC Global, raising $5 million.
• The seed round was led by Animoca Brands, OKX Blockdream Ventures, Signum Capital, and Charlie Morris of CMCC Global.

Polkadot-Based GameFi Ajuna Network Raises $7M

Ajuna Network, a Polkadot-based decentralized gaming platform, has secured a total of $7 million in funding from industry investors through private and seed rounds. The raised funds will be used to enhance the network’s tools and gaming ecosystem.

Private Round Led By CMCC Global

The private funding round was led by Asian blockchain-focused venture capital (VC) firm CMCC Global for an amount of $5 million. Joining the list of investors backing Ajuna’s parent company BloGa Tech AG are Animoca Brands, OKX Blockdream Ventures, and Signum Capital. Commenting on the investment round, Founding Partner of CMCC Global Charlie Morris said: “We are thrilled to be leading this funding round into Ajuna. The platform empowers studios to incorporate immutable digital assets into their games, resulting in powerful new experiences for gamers.”

Seed Round Led By Animoca Brands

This month saw another seed round being announced with an additional amount of $2 million being raised. This around was led by Animoca Brands along with other investors such as Charlie Morris from CMCC Global and OKX Blockdream Ventures & Signum Capital all investing in BloGa Tech AG – parent company of Ajuna Network.

Goal To Enhance Gamer Experience Through Blockchain & NFTs

With the fresh influx in capital, Ajuna is looking to improve its platform by integrating better game engines and off-chain game operators with the aim to enhance gamers’ experience through blockchain technology & non-fungible tokens (NFTs).

Conclusion

Overall these investments in Ajuna show that there is a strong interest from investors for projects aimed at enhancing user experience through decentralization technologies such as blockchain & NFTs within gaming platforms/networks

• Crypto platform Luno will supposedly slash its headcount by more than 330 people.
• Luno will reduce its headcount from 960 to around 630 due to the bear market.
• The company joins the list of industry players dismissing staff, including Coinbase, Crypto.com, Bybit, Huobi, Gemini, and more.

The cryptocurrency market has been facing a bear market for quite some time now, leading to several industry players having to make tough decisions. London-based cryptocurrency platform Luno is no exception, as the company announced that it will be laying off more than 330 people from its 960-strong team.

This news comes after several other cryptocurrency firms have had to make similar decisions, such as Coinbase, Crypto.com, Bybit, Huobi, Gemini, and more. All of these companies have had to cut back on their staff due to the bear market, and Luno is no exception.

The company released a statement to CNBC, in which they acknowledged the difficult situation the tech industry, and in particular the crypto market, have been facing in the past year. They explained that Luno has not been immune to this market turbulence, which has affected the company’s growth and revenue numbers.

The statement further elaborated on the decision to lay off employees, and explained that the company has taken measures to ensure that the process is as smooth as possible. Luno will be providing severance packages and outplacement services to those affected by the layoffs, and will go out of their way to ensure that their former employees have the resources they need to transition into new roles.

Despite the difficult situation, the company still remains focused on its mission to make crypto accessible to everyone, and is determined to weather the bear market. They are confident that the market will eventually recover, and that the company will be well-positioned to take advantage of the opportunity when it does.

In the meantime, Luno will continue to provide its users with a secure and easy to use platform to trade, store, and learn about cryptocurrency. The company will also be launching new initiatives and products to keep up with the evolving market.

No matter the outcome of the bear market, Luno is determined to stay true to its mission and continue to provide its users with the best possible service.

• Bitget is the first CEX to launch copy trading in the spot market.
• Copy trading provides a good starting point for beginners to shadow their trading portfolio with a more experienced trader and increase their chance of profitability.
• Users are entitled to more transparency and flexibility as the feature discloses detailed information on trading activities.

Bitget, a leading crypto derivatives exchange, has announced that they will launch copy trading in the spot market, becoming the first exchange to do so. This feature provides a good starting point for beginners to shadow their trading portfolio with a more experienced trader, thereby increasing their chance of profitability. The copy trading feature also grants users more transparency and flexibility as it discloses detailed information on trading activities.

Copy trading is a type of trading where investors, both novice and experienced, can automatically replicate the trades of other, more experienced traders. This type of trading allows users to execute the same trading strategies as their chosen traders in real time and with minimal effort.

Bitget’s One-Click Copy Trade feature provides users with a variety of ways to customize their trading strategies, as well as allowing them to view real-time market data and insights. This feature also provides users with the ability to set up their own risk management strategies, such as setting up stop-loss orders, to ensure their capital is protected.

The One-Click Copy Trade feature is designed to be intuitive and user-friendly, allowing users to quickly set up their copy trading strategies with minimal effort. This feature also allows users to modify their copy trading strategies in real-time, allowing them to adjust their strategies to the ever-changing market conditions.

In addition to the copy trading feature, Bitget also provides a variety of other features to help users maximize their trading profits. These features include margin trading, which allows users to borrow funds to increase their trading capital, and a range of advanced order types, including limit orders and stop-loss orders, which can help users to better manage their risk.

Bitget’s One-Click Copy Trade feature is a revolutionary feature that can help users to maximize their trading profits in a variety of ways. By providing users with the ability to replicate the strategies of experienced traders, this feature can provide users with a great starting point for their trading activities. Additionally, the feature is designed to be intuitive and user-friendly, allowing users to quickly set up and modify their copy trading strategies with minimal effort. Finally, with a variety of features to help users maximize their trading profits, Bitget’s One-Click Copy Trade feature is a great tool for any trader.

• Bitcoin has surged to $19,000 for the first time since October, going beyond its low trading range after FTX’s collapse.
• The move has many in the crypto world speculating a new bull market, though some believe it is a bull trap.
• Data from Coinglass shows that the crypto market has experienced $382 million worth of liquidations this week.

Crypto investors and traders have been abuzz with the news that Bitcoin is back above $19,000, a price level it has not seen since before FTX’s implosion in October. Bitcoin began the week trading at $17,911, however, it experienced some volatility around midweek when the December CPI inflation rate clocked in at 6.5%. On Thursday, at around 17:35 UTC, Bitcoin pumped by around $1000, and since then the asset has maintained its elevated price level. By 19:47 UTC, Bitcoin had reached a new high of $19,036, before pulling back to $18,864 at the time of writing.

The surge in Bitcoin’s price has many in the crypto world speculating that a new bull market is underway, though some are more cautious, believing that the surge could be a bull trap. Data from Coinglass shows that the crypto market has experienced $382 million worth of liquidations this week, suggesting that the rise in prices could be fragile in the short term.

The current price surge of Bitcoin could be attributed to a number of factors, including institutional demand, a shift in investor sentiment, and the anticipation of further stimulus from the new Biden administration in the US. Investors are also likely feeling more confident following news that the US SEC has approved a Bitcoin ETF, which is expected to launch in early 2021.

Overall, the current Bitcoin price surge marks a new milestone in the asset’s bull market, and could indicate further gains ahead. However, given the volatility of the crypto markets, it is important to exercise caution and do one’s own research before investing.

• The US Department of Justice has seized $470 million in Robinhood shares from FTX Executives Sam Bankman-Fried and Gary Wang.
• The seizure was in response to charges of wide-ranging fraud against Bankman-Fried and FTX.
• The document revealed that the DOJ had seized 55,273,469 shares of Robinhood, alongside another $20,746,713.67 from ED&F Man Capital Markets.

The US Department of Justice (DOJ) is making headlines today after seizing $470 million in Robinhood shares from two FTX Executives, Sam Bankman-Fried and Gary Wang. The seizure was in response to charges of wide-ranging fraud against Bankman-Fried and FTX, with which the equity investments may be involved.

The document, filed in a New Jersey bankruptcy court, revealed that the DOJ had seized 55,273,469 shares of Robinhood, alongside another $20,746,713.67 from ED&F Man Capital Markets – a holding company controlled by Bankman-Fried. The court also froze another $19,535,830 in assets from Bankman-Fried.

This comes after Bankman-Fried and his former right-hand, Gary Wang, attempted to retain ownership of almost half a billion dollars worth of Robinhood shares, despite prior objections. The DOJ has now taken control of the holdings, which were intended to be used to purchase the equity of Robinhood.

Bankman-Fried and FTX are accused of using the Robinhood shares to manipulate the markets, which the DOJ alleges is illegal and fraudulent. The charges include securities fraud, conspiracy to commit securities fraud, wire fraud, and money laundering.

The DOJ is now seeking a restraining order that would freeze all of Bankman-Fried and Wang’s assets in the US, including their Robinhood shares. The restraining order would also prevent the two from disposing of any assets in other countries and stop them from transferring or withdrawing any funds from their accounts.

If convicted, Bankman-Fried and Wang could face up to 20 years in prison for each count of fraud. The DOJ has also requested that the court order Bankman-Fried and Wang to pay restitution and civil monetary penalties for their alleged violations.

This is a developing story and more information is expected to be revealed in the coming days. In the meantime, it is unclear how the DOJ’s seizure of almost half a billion dollars worth of Robinhood shares will affect the markets and FTX’s future.

Bullet Points:
• The US Department of Justice seized $470 million in Robinhood shares from FTX Executives, Sam Bankman-Fried and Gary Wang.
• The seizure was in response to charges of wide-ranging fraud against Bankman-Fried and FTX.
• The DOJ took 55,273,469 shares of Robinhood and another $20,746,713.67 from ED&F Man Capital Markets.

The US Department of Justice (DOJ) recently seized over $400 million in shares of the popular stock trading platform, Robinhood, from executives at FTX. The move came in response to charges of wide-ranging fraud against Sam Bankman-Fried (SBF), former right-hand Gary Wang and their company FTX.

The court document, filed in a New Jersey bankruptcy court, revealed that the DOJ had seized 55,273,469 shares of Robinhood, alongside another $20,746,713.67 from ED&F Man Capital Markets – a holding company co-owned by SBF and Wang. The assets were seized in an effort to prevent the individuals from retaining ownership of the shares.

The charges against SBF and FTX are not yet publicly known, however the DOJ’s action indicates that the individuals and their company are under investigation for illicit activities. This is not the first time that SBF and FTX have been under investigation, as they were previously accused of insider trading in relation to their investments in Robinhood.

The DOJ’s seizure of the Robinhood shares is just the latest development in the ongoing saga between SBF and his erstwhile right-hand, Wang. The two have been embroiled in a legal battle for months over the ownership of the shares, with SBF claiming it was his rightful property while Wang argued that it belonged to FTX.

The seizure of the Robinhood shares is sure to have a significant impact on both SBF and FTX. The loss of the shares could not only put a dent in SBF’s wealth, but could also weaken FTX’s position in the market.

It remains to be seen how the ongoing investigation will play out and how it will affect SBF, Wang and FTX. Whatever the outcome, the DOJ’s decision to seize the Robinhood shares is sure to reverberate across the business world.