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OVERVIEW

CoreWeave’s Core Crypto Competition 🥊 

Before we dive in, here’s today’s crypto market heatmap:

Source: Santiment

And here’s a look at crypto’s total market and altcoin market cap charts:

Source: TradingView

NEWS IN THREE SENTENCES
Crypto News 📰

🏦 FDIC Drops “Reputation Risk,” Crypto Firms Finally Allowed Near Banks

The FDIC scrapped “Reputation Risk” from its rules, finally admitting that maybe being associated with crypto isn’t the worst thing a bank could do (hello, 2008). This move aligns with the OCC’s earlier decision, clearing the path for banks to stop treating crypto companies like financial lepers. coincu.

🔥 Crypto.com Reissues $70B CRO, Investors Feel Rugged in Broad Daylight

Crypto.com decided to magically restore 70 billion $CRO.X ( ▲ 26.5% ) tokens previously burned in 2021, sparking outrage and prompting crypto sleuth ZachXBT to call the move “no different from a scam.” The exchange claims it’s setting up a “Strategic Reserve” (read: slush fund), but investors are left feeling like they just got punked. ZachXBT’s X.

💵 World Liberty Financial Launches USD1 Stablecoin

World Liberty Financial just introduced its dollar-pegged USD1 stablecoin and DeFi lending platform, attempting to blend traditional finance with blockchain and promising it won’t implode (fingers crossed). After raising $550 million, WLFI clearly has big plans—like stablecoin-backed credit cards and fractionalized assets. Crypto-Economy.

🇯🇵 Circle’s USDC Approved in Japan

Circle’s $USDC.X ( ▲ 0.01% ) just became Japan’s first globally approved dollar-backed stablecoin, finally giving Japanese regulators something to brag about besides anime. Partnering with SBI Holdings, Circle is entering a notoriously strict market where crypto critics swore stablecoins would never pass muster. Those same critics are probably busy figuring out how to spin Japan’s progressive crypto stance as a negative, since admitting they were wrong hurts too much. ZyCrypto.

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NEWS
CoreWeave’s Co-Competitors 👨‍👩‍👧‍👦 

The date is set. CoreWeave’s ($CRWV ( 0.0% )) IPO hits the stonk market on Friday, and it already has a cult following. 🥋 

CoreWeave started out churning $ETH.X ( ▼ 0.68% ) blocks with a warehouse full of GPUs back in 2017. Now they’ve pivoted to high-performance computing (HPC), using that same GPU power for AI, machine learning, and big-data workloads.

But CoreWeave isn’t the only player in the HPC and GPU-for-hire space. The decentralized and crypto spaces have plenty of HPC and GPU players:

Golem

Golem is basically blockchain’s OG decentralized computing marketplace. Founded in 2016, it connects users who want to rent out idle computing power with those who need it for rendering, scientific calculations, and machine learning tasks.

• Use Case: CGI rendering, ML/AI tasks, scientific computing.

• Status: Actively expanding user base and integrations.

Render Network

Render Network figured out that artists hate waiting around for renders almost as much as they hate Adobe’s ($ADBE ( ▲ 2.33% )) pricing model. Render decentralizes GPU computing, allowing creators and studios to tap into distributed GPU resources seamlessly.

Users pay with RENDER tokens, giving GPU owners a tasty incentive to rent out their power.

• Use Case: GPU rendering for art, animation, and VFX.

• Status: Quickly becoming a favorite among creative professionals.

Akash Network

Akash likes calling itself the “Airbnb for cloud computing,” and for once, the marketing team isn’t lying.

It’s a decentralized cloud marketplace where you lease your computing resources to anyone needing scalable GPU power, usually cheaper than centralized solutions. It’s popular for machine learning workloads and is positioning itself as a major player in the decentralized computing landscape.

• Use Case: General-purpose decentralized cloud computing, ML/AI.

• Status: Strong growth, growing adoption from blockchain devs.

Ankr

Ankr offers decentralized infrastructure as a service, focusing heavily on blockchain node deployment and staking solutions. Ankr helps run decentralized networks by utilizing idle GPUs and CPUs, making it easier and cheaper to maintain blockchain nodes and other distributed workloads.

• Use Case: Blockchain node management, staking infrastructure, decentralized GPU resources.

• Status: Actively used by major blockchains like Ethereum and Binance.

The Graph

Think of The Graph as Google but for blockchains—and less creepy.

It’s a decentralized indexing protocol that simplifies querying blockchain data, drastically speeding up data access for decentralized apps (dApps). The Graph leverages distributed computing power to manage massive data sets efficiently.

• Use Case: Blockchain data indexing and queries.

• Status: Crucial infrastructure for dApp developers.

Fetch.ai

Fetch.ai’s ticker, $FET.X ( ▲ 3.24% ), also contains SingularityNet ($AGIX.X ( ▲ 0.39% )) and Ocean Protocol ($OCEAN.X ( ▼ 0.07% )), which formed the Artificial Superintelligence Alliance back in June 2024.

This alliance positions the combined entity as a formidable player in the decentralized AI space, leveraging the strengths of each project to advance the development of Artificial General Intelligence (AGI) and, ultimately, Artificial Superintelligence.

• Fetch.ai: Specializes in autonomous AI agents and blockchain infrastructure, facilitating decentralized machine learning applications.​

• SingularityNET: Offers a decentralized marketplace for AI services, enabling the creation, sharing, and monetization of AI algorithms.​

• Ocean Protocol: Provides a decentralized data exchange platform, allowing secure data sharing and monetization for AI consumption.

CoreWeave’s IPO is flashy, but decentralized crypto competitors like these are providing compelling alternatives—often cheaper and without the AWS-level bureaucracy. 😜

Also: we’re giving away 1 year of Stocktwits Edge to the person who guesses CoreWeave’s opening price on Friday (March 28, 2025).

✅ Add $CRWV ( 0.0% ) to your watchlist.

✅ Drop your opening price prediction in the comments.

📅 Reply by Friday at 9am EDT to qualify.

More info here. 👈️ 

ON-CHAIN ANALYSIS
Burnt Bag Briefing 🔥 

Want to know whether the bulls or bears are feeling the most pain today? Well, this is the place to look. 👀

24-Hour Liquidation Heat Map – Source: coinglass – Click to enlarge.

In the past 24 hours, 76,148 traders were liquidated, with total liquidations reaching nearly $161.76 million.

The largest single liquidation occurred on Binance, a Bybit pair valued at $4.48 million.

Longs lost $88.54 million, while shorts were hit for $73.22 million. 🤕

NEWS IN THREE SENTENCES
AI & Privacy News 🕵️ 

🕵️ Identity vs. Reputation: Because Your Crypto Name Means Jack Without Street Cred

Identity and reputation might seem interchangeable in Web3, but newsflash: they’re as different as your wallet seed and your X bio. Identity’s your decentralized passport—fully yours, cryptographically secure—while reputation is your street cred built by grinding DAOs, NFTs, or just generally not rugging everyone. Ontology.

🤖 Tellor Wonders If AI in Crypto is the Future or Just Another Meme Coin Phase

Tellor’s ($TRB.X ( ▼ 0.61% )) contemplating if tossing AI into oracles is a legit game-changer or just the crypto equivalent of last year’s NFT hype. AI can obviously scrape data faster than interns, but questions linger about decentralization, trust, and if using AI actually beats good old-fashioned human judgment. Tellor.

NEWS IN THREE SENTENCES
Metaverse, NFT, & Gaming News 🎮️

🎮 Saga & Northern Lights Launch an AI-Driven Political Drama in Space (No, Not Congress)

Northern Lights’ Nebulae—a strategy game for crypto nerds who dream of space politics—is teaming up with $SAGA.X ( ▼ 1.77% ) to inject AI-driven drama straight into your gameplay. Expect AI journalists reporting in-game politics, bots psychoanalyzing your chat messages to incite rebellions, and phantom traders stabilizing the economy better than your favorite stablecoin. SAGA.

🤑 Hedera Rolls Out HIP-991, Critics Still Trying to Spell ‘Permissionless’

HIP-991 just turned Hedera Consensus Service (HCS) into a cash-printing machine, letting developers monetize topic IDs without begging for permission. Now operators can set their own fixed fees, collect payments in $HBAR.X ( ▲ 1.06% ) or custom tokens, and kick spammers straight to the curb. Skeptics probably still think NFTs are overpriced JPEGs, but while they’re figuring that out, Hedera’s already collecting checks. Hedera.

NEWS IN THREE SENTENCES
DeFi, DEX, & Lending Protocol News 🏦

🏅 Oasis Throws Cash at Otomato to Make DeFi Idiot-Proof

$ROSE.X ( ▲ 1.14% ) just handed a fat grant to Otomato, a no-code platform promising to make DeFi alerts and agents easier than buying useless JPEGs. Built on Sapphire, Oasis’s confidential blockchain, Otomato lets users create drag-and-drop automation to track market moves without leaking their secrets to the world. Considering their CTO scaled perfume startups to millions, turning DeFi into a Fisher-Price set seems right up their alley. Oasis Protocol.

🤖 AI Is Taking Flash Loans to New Heights, Crypto Critics Still Fear Calculators

AI-enhanced flash loans are letting bots snag arbitrage faster than you can say “Euler hack,” optimizing DeFi trading in milliseconds. Platforms like $AAVE.X ( ▼ 2.29% ) and $DYDX.X ( ▲ 2.84% ) are the playgrounds, and AI bots the players—but the party’s not without risks, including volatility and exploit vulnerabilities. Of course, critics are too busy worrying that their smart fridge is spying on them to notice how much smarter the bots got overnight. Kava.

LINKS
Links That Don’t Suck 🔗

🧠 WEB3 and RWA: How technology can revolutionize the economy

🌎️ The NEAR Foundation’s vision for the future

🔑 New Kentucky law guarantees right to hold your own crypto keys

🤯 BlackRock’s BUIDL expands to Solana as tokenized money market fund nears $2B

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