πŸ”΄ Sei Debutes v2 Devnet

The Sei Network upgraded its devnet, allowing apps developed on Ethereum to be deployed on Sei with no alterations.Β 

The parallelized Ethereum Virtual Machine will be able to handle thousands of transactions per second (TPS). For reference, at its peak, Ethereum has handled 62 TPS, and Solana can service up to 1,600 TPS.Β 

The network was launched in August 2023 and looks to lure developers by offering β€œthe best of Ethereum and Solana.” 

Sei seeks to upgrade its mainnet in the first half of 2024.Β 

The Sei Network token, $SEI.X, was up 17% on the day and is up 260% since December 1st, boasting a $2B market cap. Check out the daily chart,

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Technically Speaking – March 8, 2024

I’ll keep the details short and simple here because time is running out, and if I’m not done on time for pizza night with the kids, my wife will be very mad. πŸ•

I almost wrote she’d kill me, but if I did that, there’d probably be a SWAT team and an army of social workers making sure I’m ok.

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Great Zeus’s Beard That’s A Lot: BTC ETF trading volume spiked over $7.5 billion, more than double its previous record. 😱 WatcherGuru has more

BlackRock Turns Bitcoin ETFs into Its Own Personal Money Printer: BlackRock’s ($BLK) massive $520 million infusion into $BTC ETFs, combined with Europe’s unrelenting buying spree and a nifty GBP arbitrage opportunity on $COIN, propelled Bitcoin past the $60,000 mark despite expectations of a pause. Short-sellers everywhere are now questioning their life decisions. πŸš€ Β  Β Read more from TrustNodes

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Bitcoin in March: A Data Dive into Historical Performances

Here are some interesting stats on how Bitcoin performed historically in March. πŸ“š

Bitcoin closed March in the green four times versus eight times in the red.
In the green months, Bitcoin showed off with an average percentage gain of +48.91%.
On the downside, the average percentage loss during the red months was -15.62%.

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