OVERVIEW

From Naughty to Nice

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

Source: Santiment

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

Source: Tradingview

New In Three Sentences
Crypto News 📰

🌪️ Algorand’s Kare App: Near-Instant Disaster Relief

Survivors of hurricanes in Florida and Mississippi got needed funds in as little as fifteen minutes—all via the Kare Survivor Wallet on Algorand. No crypto nerd knowledge required, just quick cash-based aid vouchers straight to their phones. It’s blockchain at its best: invisible, efficient, and life-changing when it counts. Algorand Foundation blog.

🔑 Radix Lets You ‘Delete’ Accounts—Really

While other chains pretend deletion is “just hiding,” Radix makes it real: swallow your owner badge and poof, that account’s gone for good. No sneaky tokens, no hacker backdoors, just a cryptographic tombstone. Turns out, asset-orientation can turn a simple red button into pure blockchain magic. Radix blog.

📈 Truflation: Inflation Picks Up, Q1 2025 Ain’t Cooling

Forget the lagging stats—Truflation’s got real-time data that says inflation’s creeping up again. Healthcare, durables, and food costs are all rising while debt climbs and wage growth hums along. The future? Expect more spending, some deregulation drama, and a Fed that might cut rates a smidge. It’s a mixed bag for 2025. Truflation blog.

News In Three Sentences
DeFi, DEX, and Lending Protocol News 🏦

🍰 PancakeSwap Retires Simple Staking—Time to Withdraw

Mark your calendars. By March 10, 2025, PancakeSwap’s Simple Staking product goes the way of dial-up internet. If you’ve got funds in there, fetch ‘em now or brace for a future of emailing the team like a lost tourist. Simplify, streamline—just don’t forget your keys on the way out. PancakeSwap blog.

🍣 SushiSwap Aggregator Shines—Beats 1inch and Others

SushiSwap’s aggregator claims the top spot for pricing, speed, and network coverage. It’s tossing around data showing how it bests 1inch, Odos, and OKX like confetti. With 40+ networks live and non-EVM expansions coming, Sushi wants you to swap anything, anywhere, without a second thought. SushiSwap blog.

⚖️ Aave v3.3: Debt Control + Leaner Liquidations

Aave’s new upgrade won’t break your brain, but it’ll keep the protocol tidier. Bad debt logging, dust-busting liquidations, and Umbrella compatibility all mean fewer cringey leftovers. Liquidators rejoice: no more tiny scraps of debt, and integrators get quicker reads. A more efficient, future-proof Aave is here—just watch out for a tweak or two in liquidation incentives. Aave blog.

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DEFI
Global Crypto Survey: Everyone’s Heard of It, Half Pretend They Get It 🌍️ 

Consensys wants you to know that most folks have heard of crypto. Understanding it, however, remains a different story.

Their second annual Global Survey on Crypto and Web3 dropped a pile of data points on our digital doorstep. Below are the highlights:

Main Takeaways

• Crypto Awareness:

  • 93% of respondents know crypto exists. Good for them. About half claim they know what it actually is.

  • 42% currently own or have owned crypto. Some countries are more into it than others, with Nigeria, South Africa, and the Philippines leading the pack.

  • Web3 is still poorly understood. Nigerians and South Africans have a clue, while Europe, Japan, and South Korea stare blankly.

• Decentralization:

  • More than half in the US, Nigeria, South Africa, and India know decentralization isn’t just a fancy word.

  • 82% think Big Tech wields too much power.

• Financial System Smackdown:

  • Most respondents think the current financial system needs more than a coat of paint.

  • 18% want to tear it all down and rebuild it. Nigeria leads the demolition crew.

• Privacy & Data Shakedown:

  • 83% say privacy matters. Less than half trust their ISPs.

  • 78% want more control over their data. They’d also like a piece of the profit pie from all that data-hoovering.

• AI Concerns:

  • Over 75% worry about AI churning out fake news and scams.

  • 54% think blockchain could keep AI from running wild.

• Geographic Nuances:

  • Emerging markets like Nigeria, India, and South Africa embrace crypto and Web3.

  • Europe and North America? They’re dragging their feet.

• Motivations & Misgivings:

  • Nigerians (65%) and Argentinians (52%) want crypto to store value (local currency issues might have something to do with that).

  • Europe is less enthused, but France and Germany perked up a little.

  • Top reasons people hesitate: volatility, scams, and a general feeling of “Where do I even begin?”

Consensys portrays these numbers as proof that we’re moving toward a more “equitable” digital landscape. Maybe so. For now, it’s a world where everyone’s heard of the buzz, yet only a handful truly get it. 🤘 

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TECHNICAL ANALYSIS
Do You Ichimoku? ☁️ 

If you want a good example of the strength of the Ichimoku Kiko Hyo system, just look at almost any crypto today. 📆 

ALGOUSD Weekly Chart – Click to enlarge.

$ALGO bounces right off the Tenkan-Sen and Kijun-Sen on the weekly chart.

ADAUSD Weekly Chart – Click to enlarge.

$ADA finds support against the daily Kijun-Sen.

XTZUSD Weekly Chart – Click to enlarge.

$XTZ ‘s weekly bounces right off the Tenkan-Sen and Kijun-Sen, but you can also see how the Kumo Twist put a temporary halt against further upside pressure.

JASMYUSD Daily Chart – Click to enlarge.

$JASMY ‘s daily shows the Kijun-Sen acting as support, but the Kumo Twist is the most interesting component because it’s a heads-up that a swing low has a high probability of developing. ✅ 

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, 102,979 traders were liquidated, with total liquidations reaching $267.60 million.

The largest single liquidation occurred on Binance, a BTCUSDT pair valued at $5.31 million.

Longs lost $105.30 million, while shorts were hit for $162.19 million. 🤕 

LINKS
Links That Don’t Suck 🔗

🏦 Eric Trump says only matter of time before crypto leaps ahead of ‘Antiquated’ banking system

🎈 ‘Hot Air Rises’: Fartcoin meme coin explodes as degens buy for the lulz

🚀 Google to launch advanced AI agents under its new Gemini 2.0 release

🤖 Roboticists develop a bird-like robot that can jump into the air to launch itself into flight

🚁 Mysterious New Jersey drone sightings prompt call for ‘state of emergency’

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