Good Morning Crypto Enthusiasts!

Glad to have you back for another edition of the UseTheBitcoin.com newsletter.

1. StepN's $30M Airdrop: StepN, the Solana-based lifestyle app, announced a $30 million airdrop of FSL points to reward its loyal users and bolster engagement within its community.

2. Ethena Integrates with Exchange Wallets: Ethena Labs integrated its synthetic stablecoin protocol with centralized exchange wallets like Binance and OKX to streamline user interaction and enhance accessibility.

3. Coinbase Partners with Apple Pay: Coinbase's integration with Apple Pay in the UK signifies a milestone in mainstream crypto adoption.

4. Sushi DAO's Controversial Treasury Proposal: Sushi DAO's governance proposal to transfer over $40 million in treasury assets to a new Labs model has sparked debate within the community.

5. 💡Feature of the Day - Tim Draper: Bitcoin's Path to $250K: Venture capitalist Tim Draper predicts a potential surge in Bitcoin's price to $250,000 by the end of the year, driven by factors like inflows into spot ETFs and the upcoming Bitcoin halving.

6. 🫨 What’s Buzzing? - Hearing Bitcoin Halving everywhere? Watch UseTheBitcoin’s latest technical analysis video “Bitcoin Halving (What will happen in the event?)” and subscribe for more trading tips content!

   
   All this and more in today’s headlines!

📰 News Highlights:

🚀 StepN's $30M Airdrop [Source][Source]

StepN, the Solana-based lifestyle app, is showing appreciation to its loyal user base with a massive $30 million airdrop. This move comes as the app aims to bolster engagement and incentivize its community members. The 100 million FSL points, redeemable at a 1:1 ratio for StepN's GMT token, serve as a token of gratitude to the dedicated users who have contributed to the platform's success.

CEO Shiti Manghani emphasized the importance of community support, stating that the airdrop is a way to give back to those who have been instrumental in the app's growth.

The airdrop is not only a token giveaway but also an opportunity for users to unlock exclusive benefits, including access to upcoming NFT mints and exclusive prizes.

💼 Ethena's Integrates with Exchange Wallets [Source]

Ethena Labs, the synthetic stablecoin protocol, has announced its integration with centralized exchange wallets, including Binance, Bybit, OKX, and Bitget.

Users locking USDe stablecoins for at least 7 days through exchange Web3 wallets are eligible for a 20% reward boost, further incentivizing participation in the Ethena ecosystem.

📱 Coinbase Integrates with Apple Pay [Source]

Coinbase's recent integration with Apple Pay marks a significant milestone in the mainstream adoption of cryptocurrencies in the United Kingdom. By enabling users to purchase Bitcoin, Ether, and other digital assets using Apple Pay, Coinbase aims to lower entry barriers and provide a more convenient and secure payment method for crypto enthusiasts.

With over six million adults in the UK already owning crypto, the addition of Apple Pay support further accelerates the adoption curve, paving the way for more widespread use of digital assets in everyday transactions.

Daniel Seifert, Coinbase's country director for the UK, emphasized the importance of accessibility and convenience in driving crypto adoption

💰 Sushi DAO's Controversial Treasury Proposal [Source][Source][Source][Source]

Sushi DAO's governance proposal, involving the transfer of more than $40 million in treasury assets to a new Labs model, has sparked heated debate within the community. While the proposal has passed an initial signal vote, concerns have been raised regarding the centralization of decision-making and potential conflicts of interest.

Critics allege that the core development team's involvement in the voting process undermines the principles of decentralization and community governance.

Despite these challenges, the proposal signals a potential shift in the DAO's operational structure, with implications for future decision-making and resource allocation.

The outcome of the vote will shape the future direction of Sushi DAO and its role within the broader DeFi ecosystem.

💡 Feature of the Day: 

📈 Tim Draper: Bitcoin's Path to $250K [Source]

Renowned venture capitalist Tim Draper has expressed optimism regarding Bitcoin's future trajectory, predicting a potential price surge to $250,000 by the end of the year. Draper cites inflows into spot ETFs and the upcoming Bitcoin halving as key drivers of increased demand and price appreciation.

Draper's bullish outlook reflects growing confidence in Bitcoin as a hedge against fiat currency devaluation and inflation. With spot ETFs gaining traction and institutional interest continuing to grow, Bitcoin's role as a store of value and investment asset is becoming increasingly prominent.

The upcoming Bitcoin halving event, scheduled for April 20, is expected to further fuel price appreciation by reducing the supply of new coins entering circulation.

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🫨 What’s Buzzing?:

📈 BITCOIN HALVING: What Will Happen? 📉

As the Bitcoin halving approaches, questions arise about its impact on the cryptocurrency market.

The Historical Context:

• Bitcoin halving events historically trigger bull runs in Bitcoin's price.

• Analysis of past halving events:

  • First halving in November 28, 2012: 9200% increase in approximately 367 days.

  • Second halving on July 9, 2016: 2700% increase over 526 days.

  • Third halving on May 11, 2020: 500% increase in around 334 days.

• Next halving expected on April 20, 2024.

Implications for Investors:

• Bitcoin's price surged significantly post-halving events, albeit not immediately.

• The upcoming halving holds potential for similar price increases.

• Patience in trading is crucial, as timing the market right is essential for generating profits.

  Watch UseTheBitcoin’s latest technical analysis video “Bitcoin Halving (What will happen in the event?)” and subscribe for more trading tips!

😂 Crypto Meme of the Day: 

And that’s it for this today.

See you all for tomorrow’s edition!

Jonathan Gibson
UseTheBitcoin.com