Unstoppable Bitcoin: Riding the Wave of Record-Breaking Highs
Strap in as we navigate the monumental tides that swept the crypto world this week, elevating Bitcoin to unprecedented heights and stirring the digital currency and tech world
Bitcoin Hits New ATH as Ethereum Climbs $4000
Bitcoin has once again broken its record, surpassing the previous high of $69,210 set on March 5, 2024, with a new peak at $70,184. Alongside, Ethereum also reached a significant milestone, crossing the $4,000 mark for the first time since 2021.
No CBDC ‘Anytime Soon,’ Fed Chair Jerome Powell
Federal Reserve Chair Jerome Powell addressed the Senate Banking Committee, emphasizing that the institution is “nowhere near” recommending or adopting a Central Bank Digital Currency (CBDC). Powell outlined that any potential adoption would proceed through the banking system.
Jeff Bezos Regains Title as World’s Richest Person
Jeff Bezos, the Amazon founder, has once again topped the Bloomberg Billionaires Index, reclaiming the title of the world’s richest person from Elon Musk. With a net worth of $200 billion, Bezos leads Musk, who is now at $198 billion. Over the past year, Musk’s fortune declined by $31 billion, whereas Bezos saw a $23 billion increase.
Meme Coin Market Sees Explosive Growth
The meme coin sector is experiencing unprecedented growth, with notable surges in Pepecoin (PEPE), Dogwifhat ($WIF), Shiba Inu (SHIB), and the new Solana-based Smog airdrop (SMOG). Over the past week, PEPE soared by 325%, $WIF by 418%, SHIB by 128%, and SMOG by 75%. This frenzy has propelled the sector’s market capitalization to $46 billion, marking a 15% increase in just 24 hours.
Crypto Community Claps Back at Jim Cramer’s Critique
NBC’s Jim Cramer faced a swift backlash from the crypto community on X after critiquing Michael Saylor amid a Bitcoin price dip. Cramer’s comment, suggesting reliance on Saylor during market downturns, was met with pointed responses, notably from Watcher Guru, highlighting Cramer’s past skepticism of Bitcoin at $24,000, prior to it reaching new highs.
Nissan Unveils Metaverse for Car History and Driver Education
Nissan Motor Co. unveiled a new metaverse experience focused on history and safety, which was launched on March 7. The “Heritage Cars & Safe Drive Studio” exhibit showcases immersive displays of three iconic Nissan cars alongside interactive safety education.
Binance Labs Fuels Innovation with Seven New Startups
Binance Labs, the venture capital powerhouse behind the leading crypto exchange Binance, has made strategic investments in seven startups, marking the completion of its 6th incubation season. These ventures range from synthetic dollar protocols and decentralized exchanges to AI-powered web3 platforms, showcasing the diverse innovation within the crypto ecosystem.
