Tokens Tokens Tokens - News You May Have Overlooked

In today's news roundup, we'll take a look at several tokens and companies making headlines. Amidst the FUD (fear, uncertainty, doubt) surrounding Binance, the SEC and CFTC battles, Trump, and ongoing world news, many of the fantastic projects and announcements, not to mention impacts on their tokens, have gone unnoticed this week.

First up is 1inch Network (1INCH), which is set to unlock new tokens on April 5, 2023. The move will increase the platform's circulating supply. Many crypto natives are speculating a decline in price. However, despite some bearish metrics, 1INCH's price has increased by over 4% in the last seven days. A positive sign for the bulls is that some indicators support continued price surges, such as the Exponential Moving Average (EMA) Ribbon and Money Flow Index (MFI).

The hottest project in blockchain finance this month is most certainly Arbitrum ($ARB). If you'd like a briefing on Arbitrum, check out this summary on Spotify. ARB's latest price action is due to the balanced whale activity, an increase in stablecoin inflow to the Arbitrum ecosystem, and community optimism about airdropped tokens. ARB has surged nearly 10% in the last 24 hours, and its market cap has increased to $1.5 billion, up by more than 10% in the last 3 days.

Next is Bakkt, announcing its acquisition of Apex Crypto. The move bolsters Bakkt's path back to profitability through product acceleration, revenue diversification, and cost synergies. The acquisition allows Bakkt to tap into a universe of 5.8 million crypto-enabled accounts, unlocking new opportunities such as crypto rewards and the potential to enter international markets through partners. Bakkt went public in October 2021 at $10 per share and has since partnered with Mastercard to integrate cryptocurrencies into its products.

Moving on to Chainlink (LINK), the decentralized oracle network recently announced the launch of Chainlink 2.0, a major upgrade to its existing infrastructure. Chainlink 2.0 introduces a new architecture that enables higher performance, greater scalability, and lower costs. Additionally, it includes new features such as off-chain reporting and access to off-chain data sources.

Ecosapiens has raised $3.5M to expand its carbon-offsetting NFT collection. The project is focused on making blockchain collectibles more environmentally conscious, and the funding will be used to develop the Ecosapiens marketplace, experiment with minting strategies, and forge brand partnerships. The Alpha Collection has a floor price of 0.055 ether (ETH) and has offset over 1,000 tons of carbon dioxide, equivalent to planting 40,000 trees. Ecosapiens aims to create a new way for collectors and enthusiasts to make a positive impact on the environment by merging the popularity of NFTs with carbon offset initiatives. You may see this as the next big meaningful move for blockchain or merely virtue signaling.

Everyone's favorite Bitcoin (BTC) may see some hype from the most recent luxury NFT collection launch. Bugatti and Asprey have partnered to create a limited-edition collection of eggs that will be inscribed on the Bitcoin blockchain using the Ordinals protocol. The collection will be the first ever collection by two luxury brands using the technique of inscribing digital content on the Bitcoin blockchain. The collection's physical counterparts will be created using Asprey Studio’s cutting-edge production techniques and materials.

Finally, there's Dogecoin (DOGE), the meme-inspired cryptocurrency altcoin that has captured the attention of millions of investors. Despite its origins as a joke, DOGE has surged in popularity and has even been endorsed by celebrities such as Elon Musk. However, DOGE's price has been on a rollercoaster ride, experiencing extreme volatility in recent months. Some investors have even lost money due to the coin's wild price swings.

In Dogecoin's latest news, the Shiba logo has replaced the blue bird on Twitter. As a result, the altcoin is at its highest price since December 2022. Many are surprised to see Musk continue to play with Dogecoin and Twitter considering the current regulatory hodgepodge in America.

Of course, these tokens and companies are just a few of the many players in the ever-evolving cryptocurrency landscape. Let us know if there is a project in the news next week that needs either hype or FUD dispelled - we would love to cover it.

Happy humpday,

JD + Ceara