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OVERVIEW

Crypto Is Auditioning For The Next Saw Movie 🪚 

Source: Giphy

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

Source: Santiment

And here’s a look at crypto’s total market cap chart:

Source: TradingView

ON-CHAIN ANALYTICS
MVRV Misery: 5 Tokens That Can’t Catch a Break 5️⃣

At a Glance

Chainlink (LINK)

Click to enlarge.

Slipping below zero. The oracles might be wise, but the short-term holders aren’t feeling so sagely. #dadjoke

Aave (AAVE)

Click to enlarge.

Still under water. Lending protocols may be the future, but AAVE’s 30-day speculators are left high and dry.

Uniswap (UNI)

Click to enlarge.

Deep in the red. DEX volume alone isn’t lifting UNI holders out of short-term misery.

Injective (INJ)

Click to enlarge.

Hovering around negative territory. Has occasional green moments, but then reality sets in.

XRP

Click to enlarge.

Pulled off a massive spike and came back down just as hard. Currently stuck around -13.5%, reminding everyone that gravity applies in crypto, too.

Summary

All five tokens share a common trait right now: short-term MVRV is negative. The specific numbers vary, but the big picture remains the same. Buyers from the last 30 days are collectively underwater. That can be a sign the market’s undervalued… or that it’s just plain depressed.

Chainlink is below breakeven. Aave followed the same tragic arc, while Uniswap is stuck in the DEX doldrums. Injective attempts a cameo of positivity occasionally, but sellers quickly reassert control. XRP soared to the heavens in November, then nose-dived, leaving fresh entrants grasping for oxygen.

Analysis

Contrarian signals often flash when the crowd is bleeding red. Buyers might see an opportunity in a sea of negativity. Sellers, on the other hand, are fed up and might be offloading just to preserve whatever capital’s left.

Token fundamentals haven’t changed dramatically. LINK is still the go-to oracle, AAVE remains a DeFi giant, UNI rules the DEX scene, INJ keeps plugging away at its derivatives angle, and XRP is XRP. Yet the 30-day MVRV suggests the hype’s been lacking.

Outlook

• Potential Upside: Negative MVRV can set the stage for a relief rally, especially if good news or hype arrives.

• Reality Check: Everyone’s a contrarian until the market stays sour for another month. Bag holders may pile in to sell once they see a sliver of profit.

Keep watching. If these charts start tilting up, short-term pain might turn into long term gain. If not, well… at least no one can say they weren’t warned. ⚠️ 

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NEWS IN THREE SENTENCES
Crypto News 📰

🔥 GameStop’s Bitcoin Gambit?

Strive Asset Management wants GameStop to use its $4.6B war chest for a big Bitcoin buy—instead of hoarding it for pop-up Pikachu plushies. They even suggest issuing new debt and equity to stack more BTC, presumably to turn GME from a “meme stock” into a “market leader.” But hey, if it fails, at least you can blame John Haar from Swan Bitcoin, who says this plan will “bake the noodles” of TradFi. Yum. Crypto Intelligence.

💰 Bank Of America’s ‘BofA Coin’ Dreams

CEO Brian Moynihan just told the Economic Club of Washington they’d crank out a Bank of America stablecoin tomorrow—if only it were legal. In his mind, a stablecoin’s basically the same as a money market fund or a regular deposit, just with fancy crypto plumbing. Meanwhile, consumer spending’s already heavily digital, and if the Trump-led government keeps giving crypto kisses, expect BofA to jump in with both feet. Crypto Briefing.

🔓 LockBit Trolling New FBI Boss Kash Patel

In a bizarre open letter, ransomware group LockBit claims they’ve got dirt that could “destroy” the FBI if leaked. Kash Patel, the 9th Director of the Bureau, got a suspiciously cheerful “Happy Birthday!” note from these cyber goons, along with a locked file. They say if he wants the intel, he’s gotta call them—because apparently blackmail with style is still a thing. Protos.

⚖️ Ex-CFTC Lawyer: Let Them Handle Memecoins

Elizabeth Davis thinks the Commodity Futures Trading Commission is better suited than the SEC to corral the memecoin circus. She points out the CFTC’s focus on retail protection from fraud and manipulation is a good fit for tokens named after cartoon dogs and random presidents. But until Congress sets real rules, we’re all stuck in the “Is it a security or a commodity?” game. Cointelegraph.

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

⚔️ Kaidro: Clan Battles Beta

They’re rolling out a 1-week open beta on Steam featuring a new Temple Sentinel PvE mode—boss fights, wave kills, the works. You can connect your Ronin wallet, snag some Guardian NFT skins, and show off fancy combos. Fight your buddies or NPCs, or just flex your mecha gear like you own the place. Ronin.

🌐 Chiliz x Freename: .CHZ Domains

Chiliz is dropping sports-themed .CHZ web3 domains so fans can ditch the clunky addresses. They’re throwing in coupons for CHZ stakers and Scoville NFT holders—like a “frequent flyer miles” perk, but for domain geeks. Grab one, rep your favorite team or brand, and wave your fandom digital-flag style. Chiliz.

🖼️ Mautix & Civic: Next-Gen 3D Art Galleries

Mautix built a gorgeous Unreal Engine 5 gallery so artists can show off digital art in jaw-dropping 3D. Civic’s gating the NFT interactions with ID checks, keeping scammers out and legit collectors in. Think “fine-art museum,” but with verified Ethereum wallets and zero real-world overhead. Civic.

PRESENTED BY STOCKTWITS
CMT Lunch Hour: Brian Shannon (@alphatrends) 🧑‍🏫 

Pro trader and Stocktwits user Brian Shannon is back to discuss current market trends, individual stock requests from the Stocktwits community, overall market sentiment, and emerging trends in the stock and crypto markets.

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

⚖️ PancakeSwap Options: Lights Out

PancakeSwap is scrapping its Options product on March 11th, so pull your liquidity or watch it vanish from the UI. If you still want to sling trades, you’ll need the third-party Stryke platform—or just pivot back to v3 pools. They’re clearing the deck for “bigger, better things,” so wave goodbye to those soon-to-be-dead derivatives. Pancakeswap.

🍣 Sushi’s Route Processor 6

Sushi leveled up its aggregator with “RP6,” letting you stake and unstake in a single swap, plus hooking into Curve metapools for deeper liquidity. They also split the logic into “RouteProcessor6” and “RedSnwapper,” so devs can keep building without rewriting everything. The result? Cheaper, smarter trades and more cross-chain wizardry. Sushiswap.

LINKS
Links That Don’t Suck 🔗

🤦 LIBRA and MELANIA teams suspected in $2.73M wash trading scheme

💊 Pump Fun X account hacked, used to promote phony governance token

❄️ Avalanche card launches to expand crypto payments in emerging markets

🪨 Russia moves to take over Ukraine’s rare minerals in partnership with the US

🌪️ Tornado Cash dev Alexey Pertsev gets $1 million donation from Ethereum foundation

👔 Former House Financial Services Committee Chair Patrick McHenry joins a16z as senior advisor

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Author Disclosure: The author of this newsletter holds positions in ADA, LTC, IMX, COPI, MIN, AGIX, ALGO, ZEC, AVAX, XLM, XTZ, and NEAR. 📋