Matrixport released a daily analysis stating, "Although Bitcoin has attempted to rebound, the likelihood of a sustained breakthrough is not high from a seasonal trend perspective. To maintain technical validity, Bitcoin needs to stand above $105,000. However, the bigger concern lies with Ethereum - as we pointed out in our previous report, leveraged traders have pushed its price higher in the absence of fundamental support.We still believe that Ethereum's price is mainly driven by futures positions, making it more susceptible to downside risks. This position risk also explains the sharp drop in Ethereum over the past few days. With market leverage still at high levels, the possibility of continued price pressure in the future remains high."

on-chain analyst Ali stated in a post on X that whales sold 760,000 ETH in the past two weeks.

On March 27th, a federal judge in California dismissed the class action lawsuit against the Dfinity Foundation, the developer of ICP. U.S. District Judge James Donato granted Dfinity's motion to dismiss, ruling that the case was time-barred under the securities laws' three-year statute of limitations.

Bastian Freitag, head of the fixed income department of Rothschild Wealth Management Company in Germany, said that it is expected that the Federal Reserve will maintain its current stance this week, with the earliest window for a rate cut being in June.

Matrixport released a daily chart analysis, stating that although Bitcoin has attempted to rebound, seasonal patterns (refer to our daily chart on June 2) suggest that a sustained breakthrough is unlikely. For this rally to remain technically effective, Bitcoin needs to stay above $105,000. However, the bigger concern lies with Ethereum, as mentioned in our report on June 11, leveraged traders have driven up the price without fundamental support.

On April 2nd, Megibit announced a comprehensive upgrade to MGBX in order to provide more efficient and professional digital asset trading services, and introduced the following innovative measures:

on-chain firewall provider Harpie has announced that it has decided to immediately shut down its services and has reminded users to disconnect their wallets from Harpie RPC. Harpie stated that, due to the inability to establish a sustainable business model, despite its efforts to create a "zero theft" encrypted ecosystem, it is ultimately unable to continue operating.

On March 26th, Synthetix and Infinex founder Kain Warwick posted on social media, stating that "in the ICO era, projects could hardly complete financing without reaching agreements with multiple 'market makers', with monthly costs ranging from $50,000 to $300,000. Nowadays, these market-making agreements have evolved into option structures, with some market makers manipulating the market through low float mode, shorting at the peak of TGE, buying back at the bottom, exercising options after pulling up the price again, and dumping. SBF's low float mode further fuels this arbitrage strategy. Lately, a new trend is for projects to sell tokens to liquidity funds at a discounted price before TGE, and instruct market makers to sell directly after pulling up the price in low float mode. DWF Labs has used similar tactics to operate Synthetix, first buying coins from the treasury to push up the price, then cashing out by dumping.

The Governor of the People's Bank of China, Pan Gongsheng, announced the establishment of an international operation center for the e-CNY in Shanghai during the Lujiazui Forum. The main objective of the center is to enhance the global influence of the Chinese yuan through its digital version. Despite being one of the most advanced central bank digital currency projects globally, the e-CNY has faced slower user adoption, especially for cross-border transactions. Pan highlighted the importance of blockchain and distributed ledger technologies in shaping global payment systems, emphasizing the role of stablecoins and CBDCs in transforming cross-border settlement infrastructure. China's decision to launch the e-CNY international hub in Shanghai reflects its commitment to leading the evolving financial landscape amidst competition from other national digital currencies and global stablecoins.

last year, he made a big purchase of EIGEN's whale (or institution), losing more than $22.42 million in May.

according to Barron's, three MicroStrategy executives recently subscribed to the company's new preferred stock issuance at a price of $85, with an annual yield of approximately 11.75%, much higher than the existing convertible preferred stock STRK at 9.2%. The issuance raised a total of $711 million, with the new stock code being STRF and non-convertible to common stock. It is worth noting that since 2022, company executives have not increased their holdings of common stock.

Paul Eitelman, Chief Investment Strategist for North America at Russell Investments, said that due to the strong US economy, the next rate cut by the Federal Reserve is unlikely to come before May or June.

according to Onchain Lens monitoring, a whale deposited 4.28 million USDC into Hyperliquid and opened an Ethereum long position with a nominal value of 101 million US dollars, with a leverage of 25 times.

according to ElonAlertsX monitoring information, Elon Musk has just followed F2Pool co-founder Wang Chun's account on X (formerly Twitter).

according to CoinGecko data, the market value of USDC has exceeded 60 billion US dollars, reaching a historical high. The market value growth of USDC is mainly due to its compliance with the requirements of the European Union's "Regulation on Crypto Assets Markets" (MiCA). Currently, most of the supply of USDC is issued on the Ethereum ecosystem and Solana blockchain.

Binance announced that StraitsX USD (XUSD) will be launched at 16:00 on March 19th Beijing time, and the XUSD/USDT spot trading pair will be opened.

Shibariumscan data shows that the on-chain transaction volume of Shibarium has exceeded 1 billion, currently reaching about 1.05 billion. In addition, other indicators of Shibarium are also showing a growth trend, with the total number of blocks exceeding 10 million, the latest data being 10,251,908, and the total number of on-chain addresses approaching 200 million.

cryptocurrency trading platform Backpack has officially completed the acquisition of FTX EU. Starting today, Backpack EU has officially initiated the asset recovery process and fund distribution process, providing clear and convenient fund return services to former FTX EU users, helping users recover fiat assets that were previously frozen. After this acquisition is completed, Backpack will re-enable the license held by FTX EU and will provide comprehensive cryptocurrency derivative trading services within the European Union in the future.

On March 26th, Chris Pavlovski, CEO of the video sharing platform Rumble listed on Nasdaq, posted on X platform that Rumble Wallet will become a tool to help creators achieve better profits than most advertisers, especially in international markets, and with the help of Tether, please stay tuned for the specific release date and time.

Ninety Eight (formerly Coin98 Finance) founder Thanh Le announced layoffs, with over 20% of employees affected. In addition, the company will focus its resources on core products, with the Coin98 wallet being a top priority.