Bitcoin has given crypto free rein to run wild, even if its run has stalled. by David Canellis /. March 6, 2024 08:52 am. Eugenia Porechenskaya/Shutterstock modified by Blockworks. This is Cheatsheet, a primer on what’s happening in crypto today.. Bitcoin is still consolidating after immediately rejecting its new all-time high yesterday.. Not so for the rest of the market. Uniswap (UNI) and Ribbon Finance (RBN) are the best performing at the top end, surging 71% and 19% over the past day.. UNI’s move coincides with its highest day of volume in nearly a year: $5.6 billion yesterday and double Monday’s volume. Ether (ETH) is otherwise up slightly, trading for just under $3,900 but still 21% below its own all-time high.. Ribbon meanwhile seems to have been boosted by Binance Launchpad adding support for AEVO, a token for a derivatives DEX built by the Ribbon Finance team (the RBN token will be redeemable for AEVO later this quarter).. Memecoin dogwifhat (WIF) follows with 15% as of 8 am ET. WIF, now a $2 billion token, set a new price record about five hours ago and has rallied 500% in the past two weeks.. Shiba inu (SHIB), bonk (BONK) and dogecoin (DOGE) are among the worst performers over the past day, each shedding 10%. Dog coins are still this week’s best performers by far, with the former more than tripling in price.. Prices are high, and it’s smoothing over any concerns around token release schedules for major projects and protocols.. Top cryptocurrencies on average have boosted their circulating supplies by 4.25% already this year.. Those freshly-released tokens are altogether worth $14 billion at current prices.. ApeCoin (APE), dYdX (DYDX) and Worldcoin (WLD) have inflated the most, between 64% and 38% year to date.. Bitcoin leads by far for dollar value. The 59,656 BTC ($3.84 billion) seeped into the bitcoin supply this year represents 0.305% inflation since Jan. 1.. Solana (SOL) is second with a supply increase of 3.06%, representing 13.1 million new coins worth $1.66 billion. Utility of token issuance varies greatly depending on the project, but unlocks are generally utilized to fund development and reward stakeholders.. Only seven of the top 100 are deflationary this year. Binance coin (BNB) has shrunk by 1.42%, worth $852.6 million. Ether is deflationary by about 0.05% after burning $200 million ETH at current prices.. Ethereum’s TVL value is up by two-thirds over the past month but the number of ETH in DeFi has barely budged — still about 15 million ETH ($58.17 billion).. Polygon PoS daily active users hit an all-time high of 1.2 million earlier this week, now back to 1 million.. Bitcoin is the number one blockchain for NFT volume over the past week with $184 million, up 57%. Ethereum NFT volume was $176.7 million, up 25%.. Read more: Someone bought a CryptoPunk for $16M. 90 of the top 100 cryptocurrencies are up this year, even with so much inflation. Bitcoin’s new all-time high — and its 10% correction — sent crypto stocks whipsawing.. MicroStrategy lost 21.2% during the day session before reclaiming 12% after hours as of 7:15 am ET.. Marathon, the largest publicly-traded bitcoin miner, lost 13.4% only to regain it all following the bell.. Rival miners Griid and Argo took the brunt of the retracement, slipping 17.3% and 16.2%, respectively.. About half of all crypto stocks have beaten the S&P 500 over the past month — which itself has been on a tear and still sits around all-time high.. But the halving could still have investors spooked. Only five crypto stocks have outperformed the benchmark over the year to date, more than three-quarters have lost value, and over half have slipped by more than 25%.. The S&P and the more tech-focused Nasdaq 100 have gained more than 6% across the same period.. March was MicroStrategy’s highest volume month on record (stretching back before the dot-com boom), with nearly 34.5 million shares traded, per TradingView.. The firm has now more than doubled its money on bitcoin to date, paying $6.1 billion for BTC worth $12.9 billion.. Tesla is nearly there, up 93% on bitcoin bought in Feb. 2021.. Read more: MicroStrategy will use proceeds from convertible note sale to add to bitcoin stash. Don’t miss the next big story – join our free daily newsletter.. Tags. BTC. cheatsheet. meme coins. Newsletter. Blockworks Daily. Upcoming Events. Digital Asset Summit 2024. Hilton Metropole | 225 Edgware Rd, London. Mon – Wed, March 18 – 20, 2024. Crypto’s premier institutional conference returns to London in March 2024. The DAS: London Experience: Attend expert-led panel discussions and fireside chats Hear the latest developments regarding the crypto and digital asset regulatory environment directly from policymakers and experts.. buy ticketslearn more. Day 0x. HYATT REGENCY SALT LAKE CITY. TUES, OCT. 8, 2024. Guided by the expertise of Blockworks Research Analysts team, this one day event will feature senior leaders, entrepreneurs, and developers from across the crypto industry. Attendees will have the opportunity to participate in an immersive experience to explore the latest trends, . . learn more. Permissionless III. Salt Lake City, UT. WED – FRI, OCTOBER 9 – 11, 2024. Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains . . learn more. recent research. Research. Wormhole is a suite of open-source, permissionless protocols used to move assets and queries across blockchains. Despite being a common misconception, Wormhole is not just a token bridge. Nevertheless, protocols can build token bridges on top of Wormhole by leveraging the cross-chain messaging provided.. by Boccaccio. more from news. Select a tab. Even with the correction, bitcoin has managed to stay above $60,000, a resistance level analysts say shows interest remains high. by Casey Wagner /. March 5, 2024. The SEC’s civil trial against Kwon is scheduled to kick off in New York on March 25, with or without the defendant. by Casey Wagner /. March 5, 2024. The bear market may have been grueling but bitcoin rushed back to record highs far quicker than previous cycles. by David Canellis /. March 5, 2024. Strong momentum around bitcoin ETFs and the upcoming bitcoin halving equate to a bullish outlook for BTC, industry watchers argue. by Ben Strack /. March 5, 2024. Before Grayscale converted its trust, Osprey’s trust was a competitor. by Katherine Ross /. March 5, 2024. This time around, the festival says it’s partnering with a “trusted, secure and safe partner” in OpenSea. by Jack Kubinec /. March 5, 2024