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Long Term Holders Appear Optimistic as Most Bitcoin Addresses Are Profitable: Data

Data from on-chain analytics firm Glassnode shows a full 70% of bitcoin addresses are profitable. CoinDesk's Glenn Williams Jr. noting the "Percent Addresses in Profit" indicator illustrates the percentage of unique addresses whose average purchase price sits below the current price for bitcoin. Historically readings below 50 have indicated that BTC is oversold, and thus, represent a potential bottom. "All About Bitcoin" host Christine Lee presents "The Chart of The Day."

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Bitcoin on Track for Weekly Loss in Wake of Silvergate Jitters

Bitcoin (BTC) sunk to a 24-hour low of $22,020.75 as customers abandon crypto-friendly bank Silvergate. CoinDesk Crypto Markets Analyst Glenn Williams Jr. weighs in on the sell-off for the largest cryptocurrency by market capitalization in the wake of these developments. Plus, insights on the state of macroeconomic conditions.

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Bitcoin Long Liquidations Hit Highest Level Since August: Data; Interest in Bridging Bitcoin to Avalanche Swells

The crypto futures market took a hit with exchanges liquidating longs or bullish bitcoin futures worth over $62 million during Asian trading hours on Friday. That's the highest amount since August, according to Glassnode data. Separately, over 2,000 BTC ($44 million) was ported to Avalanche, the largest single-day BTC.b mint on record, according to data sourced from pseudonymous analyst 0xAcid's dashboard on Dune Analytics.

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How Silvergate Bank Turmoil Is Impacting the Crypto Markets

Bitcoin (BTC) and ether (ETH) are trading lower on Friday as customers fled crypto bank Silvergate after it delayed its 10K filing and said there were concerns about its ability to continue. "The Hash" panel discusses what the Silvergate news means for the crypto markets.

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Bankrupt Crypto Lender Celsius Resumes Withdrawals for Certain Custody Accounts

Bankrupt crypto lender Celsius Network is allowing withdrawals of assets in certain custody accounts. Eligible users will be able to withdraw all the funds in their accounts up to a certain limit, the company said in an earlier blog post. "The Hash" panel discusses the latest in the downfall of Celsius Network.

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DappRadar: NFT Trading Volumes Hit $2B Last Month

According to Web3 data platform DappRadar’s latest industry report, NFT trading volumes reached $2 billion in February – the highest number since before the meteoric crash of Terra and its UST and LUNA tokens in May 2022. CoinDesk Reporter Cam Thompson joins "The Hash" panel to discuss the state of the digital collectibles industry, citing the success of the Yuga Labs ecosystem and the Blur NFT marketplace.

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ConsenSys to Launch zkEVM Public Testnet March 28

ConsenSys, a top software firm working on the Ethereum blockchain, is rolling out a zero-knowledge Ethereum Virtual Machine (zkEVM) public testnet on March 28, intensifying the race among top crypto firms to be first to go fully live with the fast-emerging technology. "The Hash" panel discusses what this means for the Ethereum community.

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'Snow Crash' Author Neal Stephenson Weighs in on ChatGPT, AI

"Snow Crash" author Neal Stephenson, who coined the term "metaverse" and "avatar" in 1992, shares his thoughts on artificial intelligence (AI) and whether there should be boundaries on the technology. "Mostly what we've tended to see is its use in creative applications, which I don't think is at all interesting," Stephenson said.

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Bitcoin's Long Liquidations Surge as Prices Slide

Exchanges liquidated longs, or bullish bitcoin futures, worth over $62 million during Asian hours, according to data from Glassnode. That's the highest amount since August. Forex.com Global Head of Research Matt Weller provides his analysis.

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U.S. Lawmakers Argue SEC Accounting Policy Undermines Safe Crypto Custody

U.S. Rep. Patrick McHenry (R-N.C.) and Sen. Cynthia Lummis (R-Wyo.) are questioning government policies controlling how financial firms handle their accounting for cryptocurrency. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down their letter to the regulators. Plus, the latest on Voyager's bankruptcy hearings.

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