🐶 Twitter's bird logo gets replaced by Dogecoin's shiba inu, DOGE is up over 20%

🐶 Twitter's bird logo gets replaced by Dogecoin's shiba inu, DOGE is up over 20% 🚣‍♂️ Binance gets a historic amount of outflows as traders flee uncertainty ✔️ South Korean prosecutors seizing $160m worth of assets from former Terra employees

GM. Hope you're ready for April because we're about to bring the heat! 🔥🔥 We've preparing tournaments for Valorant, The Sandbox, Bigtime and The Bornless games. So don't be the last one to join, we're already setting up and you wouldn't want to miss out on all the fun! Plus, prizes are waiting for you at the end of it all. Hop on: http://discord.gg/vemp

Here's what recently happened in the space:

🐶 Twitter's bird logo gets replaced by Dogecoin's shiba inu, DOGE is up over 20%

🚣‍♂️ Binance gets a historic amount of outflows as traders flee uncertainty

✔️ South Korean prosecutors seizing $160m worth of assets from former Terra employees

Twitter's bird logo gets replaced by Dogecoin's shiba inu, DOGE is up over 20%

Dogecoin got a big pump yesterday when Twitter replaced its logo with a shiba inu dog's head and torso. The internet went wild, speculating that hackers had infiltrated the platform to cause chaos. Of course, the one man who could have caused this mayhem was none other than Elon Musk. His tweet featuring a meme of the dog driving a car out said it all.

DOGE price is up 20% and it's no surprise that dogecoin has taken off like that. The memecoin has gained a lot of traction due to Elon's influence and with his latest stunt, it's sure to get even more attention. It's not clear whether is Elon actually planning to use Dogecoin as an official currency for Twitter or not or whether this is just a marketing ploy, but it's yet another example of the power and influence that Elon Musk has on the crypto *meme* market.

Binance gets a historic amount of outflows as traders flee uncertainty

Glassnode's latest report suggests that when it comes to the recent market uncertainty, traders have made their preferences clear - they'd rather be safe than sorry.

It seems that the primary response to this volatility has been for traders to move their assets away from Binance. Binance's Net Flow Volume has seen a significant decrease, indicating that an incredible amount of assets have been moved off the platform. The amount of Stablecoins being withdrawn has been particularly high - $295 million per day, which is the highest rate of withdrawal ever recorded for this metric. However it doesn't mean that investors are giving up on crypto altogether - Bitcoin and Ethereum have not been affected in the same way. The total supply of BTC and ETH held inside Binance wallets has remained more or less stable.

Binance has been getting a lot of scrutiny from regulators lately, so it's understandable that traders have been quick to jump ship.

It remains to be seen what happens to CZ and Binance in the end, but for now, traders seem content to wait out the storm elsewhere.

South Korean prosecutors seizing $160m worth of assets from former Terra employees

South Korean authorities are seizing their pound of flesh from the former Terraform Labs (the firm behind the failed UST and LUNA projects) employees - and not just figuratively. It seems that prosecutors have gotten physical, confiscating more than $160 million worth of assets from eight people linked to the project's collapse.

This includes the co-founder Daniel Shin and former vice president Kim Mo. It's safe to say that authorities aren't leaving any stones unturned in this investigation - not even the real estate properties owned by these former Terra employees. According to reports, the authorities confiscated $60 million worth of assets from Kim Mo and an additional $31 million in valuables belonging to another executive. According to the prosecutors, this is in a bid to prevent those associated with Terra from disposing of assets in an effort to avoid criminal proceedings.

In the end, we hope that their investigations will lead to justice being served. But in the meantime, it's a good reminder that rugging people can get expensive - really, really expensive.