Crypto & Coffee at 8 ☕ 🚨 Dubai: 02nd April 🚨 🔻Crypto bloodbath🔻Tether.to adds BTC to its holdings🔥UpBit volume crashes by 75% 🚨Solana Solana DeFi vol +Telegram bot drained 💰A16Z to invest $30M

02nd April: Crypto & Coffee at 8 🔻Crypto bloodbath🔻Tether.to adds BTC to its holdings🔥 UpBit volume crashes by 75% 🚨Solana Solana DeFi vol +Telegram bot drained 💰A16Z to invest $30M  🔻Crypto Market “ Do you bleed” The Fear & Greed Index has changed from 90 Extreme Greed to 79 Greed in 24 hours as Billions are lost in crypto and the global crypto market looks RED. Check out Blockchain DXB podcast we share commentary on this & more ⚡Arkham Intelligence is stating, Tether.to the issuer of USDT, the world’s largest stablecoin based on market cap, added just shy of 8,888 bitcoin (BTC) in the first quarter. That wallet is now the holder of 75,354 bitcoins worth about $5.2 billion at BTC’s current price of $69,000, putting Tether’s profit at roughly $3 billion. Transactions tracked on the blockchain show 8,888 BTC were recently sent from the crypto exchange Bitfinex to an undisclosed Tether wallet. Details of the wallet can be seen here https://lnkd.in/dQqn5dD5  🔻 The trading volume on South Korea’s UpBit exchange has plummeted by 75% from its peak in March, signaling a significant slowdown in altcoin trading beyond major cryptocurrencies like Bitcoin and Ethereum. The surge earlier was driven by factors like upgrades and political developments, but as volumes declined, questions arose about the sustainability of the altcoin rally. South Korean investors, particularly on Upbit, have shown a strong interest in altcoins despite high risks. This decline in volume suggests a shift away from the frenzied altcoin trading seen earlier, raising doubts about their continued valuation. CoinDesk https://lnkd.in/dcdiXNc3 🔻Solana’s decentralized exchanges (DEXs) saw a record-breaking trading volume of over $58.4 billion in March, driven by the meme coin frenzy. However, Solareum, a Telegram trading bot, shut down after a security exploit drained $523,000 worth of SOL from user wallets. Over 300 users were affected, initially suspected to be linked to BONKbot but later attributed to Solareum. Despite efforts to address the issue, users demand compensation, underscoring risks in crypto trading platforms. 💰 VC firm Andreessen Horowitz (a16z) is investing $30 million in technology-centric gaming startups through its early-stage accelerator program called SPEEDRUN. The investment will be spread over the next 45 days, with each selected startup receiving $750,000. The program is open to startups at various stages, from ideation to those with established products and revenue. Competition for admission is intense, with only 1% of applicants accepted in the last cohort. However, 80% of companies from the first cohort secured funding from investors after Demo Day. Info via Andrew Chen Twitter here https://lnkd.in/dt39s6HF 🟠Two UAE news⚡ Web3’s largest Account Abstraction provider, Biconomy, receives strategic investment from Major Investors⚡ Riyadh Air | طيران الرياض and Artefact partner to build data analytics platform, develop AI solutions For slides click here https://tinyurl.com/4r5scf62 LinkedIn Profile: https://tinyurl.com/bdeevbru To support this channel: ⚡ Advanced Media ⚡ ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.amt.tv/⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⚡ Tough Mudder Arabia ⚡ https://toughmudderarabia.com/events/ras-al-khaimah-2024/ USE DISCOUNT CODE - George15 ⚡ Ledger Wallet 🔑 ⁠⁠⁠⁠⁠⁠⁠⁠⁠https://shop.ledger.com?r=ae54df359c4d⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⚡ https://startupoi.com/ ⚡ Download the App ⚡ The Race Space Podcast 🎙️ Instagram: @theracespoacepodcast Podcast Host: @black_incarnation ⚡ Buy me Coffee ☕ ⁠⁠⁠⁠⁠⁠⁠⁠https://www.buymeacoffee.com/info36/w/6987⁠⁠⁠⁠⁠⁠⁠⁠ To show your support see below ⚡ Tether USDT (ERC20) 0x7acd89cececd5b125a2fc4caa9bc642879579f1e ⚡Leder Wallet! Link https://shop.ledger.com?r=ae54df359c4d ⚡ Bitcoin address: 02ddf96964b352b75dd660a56a5162bf9e76e549e31263b88ed93015e635771795 ⚡ Ethereum address 0x2662CFE66d24bB7930b9d9dC0B5Fe809A1501d28