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The words “green” and “candles” bring today's newsletter to you.

Possibly not time to order your Lambo yet, though!

Pull up a pew and let's see what we have to talk about today,

• Smoke Rises From the Ruins of FTX and Alameda 

• CoinDesk is Not For Me, Says CZ

• Bitcoin Keeps on Flipping The Big Boys

Smoke Rises From the Ruins of FTX and Alameda 

Ok, What on Earth is going on with FTX/Alameda now? Wallets associated with the collapsed exchange have suddenly sprung to life and transferred large sums to other exchanges.

Is this more shadiness, or is something positive finally happening for all those who lost out?It is speculated that FTX is trying to liquidate its holdings and pay back investors, but…and it’s a big but…I don’t think anyone would be surprised if SBF and his puppeteers pulled something dodgy.

The three wallets associated with FTX sent large sums of USDT and USDC out to Coinbase, Kraken, Binance, and Coinbase custody wallet.

• $69.64 million USDT was sent to the address "0xad6e

• $43 million USDT sent to Coinbase, Binance and Kraken

• $75.94 million USDC sent to Coinbase Custody Wallet

Those who lost money when FTX went folded have had enough disappointment; let’s hope this activity is the start of them getting some compensation.

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CoinDesk Not for Me, Says CZ 

Whatever your opinion on the Binance or the dude at the helm, they always seem to be in the news.

CZ; a knight in shining armor or evil Bond villain?

The Binance CEO took to Twitter this morning to put an end to rumors that he is considering buying crypto news outlet, CoinDesk.

CoinDesk is owned by Digital Currency Group (DCG), the parent company of bankrupt Genesis and crypto investment firm Grayscale. CEO Kevin Worth confirmed in January that the company was seeking a buyer.

In addition, Cardano’s beardy figurehead, Charles Hoskinson, cheekily tweeted that he may be interested in the business but considered to $200 million asking price too expensive.

Bitcoin Keeps on Flipping The Big Boys

We reported recently that Bitcoin had overtaken payment giant Visa in terms of market cap, and yesterday the biggest crypto did it again and flipped Zucker-borg’s Meta.

I love it when a plan comes together!

Currently, Bitcoin is pumping following the most recent CPI data, and, at the time of writing, Companies Market Cap shows the Bitcoin market cap has breached $500 billion, surpassing Meta’s $494 billion.

The gulf between Bitcoin and Visa is now up to approximately $40 billion. 

Bitcoin’s market cap is now the 11th largest of all assets, with Tesla sitting in the magical 10th spot, just $69 billion ahead.

Watch out Elon…we’re coming for ya!!

DailyCoin Daily Meme

Inverse Cramer Strikes Again – Tweets by Crypto Leaders to Lighten the Mood as America’s Banks Crash

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Crypto’s First AI Video Caused CZ to React: Interview with the Author

The former political student recently attracted the attention of Binance’s CEO Changpeng Zhao by sharing a documentary video on...

Bitcoin Soars $7K over 4 Days to Break $26K as Cramer Declares “Time to Sell”

This comes a month after Mr. Cramer advised his viewers to buy Silicon Valley Bank stock, which was deemed...

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