This is a Web3 industry and cryptocurrency market news brief from March 7, 2026.
📈 Macro policies and market focus
Today's market sentiment is tense, with everyone's attention focused on the White House's first cryptocurrency summit and key economic data.
· The highly anticipated "Crypto Summit": At 2:30 AM Beijing time on March 8, Trump will host the White House cryptocurrency summit, and the market generally expects this to be the trigger for short-term volatility. QCP Asia analysis points out that although Trump has signed an executive order on Bitcoin strategic reserves in advance, the market experienced a brief "sell the fact" situation due to the lack of additional budget purchases.
· Key Economic Data: Tonight at 21:30, the US February non-farm payroll data and unemployment rate will be released, which will directly impact the Federal Reserve's monetary policy expectations and may correlate with the cryptocurrency market.
📊 Market Trends and Institutional Perspectives
Digital gold and leading cryptocurrencies are moving in different directions, with institutional perspectives also showing divergence.
· Bitcoin (BTC): Prices are fluctuating widely between 60,000-75,000 USD. QCP believes that long-term benefits remain, while OSL points out that despite Standard Chartered reiterating its ambitious target of 500,000 USD, the short-term market still faces significant selling pressure, maintaining a bearish trend. Standard Chartered reiterated its short-term target price of 150,000 USD.
· Ethereum (ETH): Performance has been relatively weak, with prices hovering around 2000 USD, a nearly 30% drop since the beginning of the year. However, analyst Peter Brandt predicts that it may experience significant volatility in the future, aiming for a target of 6000 USD. Notably, yesterday, Ethereum ETFs attracted 19.2 million USD in inflows against the trend.
🚀 Project and Industry Updates
Emerging projects are striving for marketing, while mainstream ecosystems are undergoing technological upgrades.
· Emerging Project Updates:
· Pepeto: This emerging meme coin project has announced a strategic partnership with a large Web3 payment company to accelerate the launch of its 'PepetoSwap' exchange. Its presale amount has exceeded 7.5 million USD and offers up to 205% annualized staking yield, aiming to find a balance between meme culture and practical applications.
· Token Unlock: This afternoon at 17:00 (Beijing time), INFINIT (IN) will unlock approximately 35.73 million tokens, worth about 2.44 million USD, and investors need to pay attention to potential selling pressure.
· Mainstream Ecosystems and Technologies:
· SUI: SUI is now open for trading on the Gemini trading platform, supporting deposits and withdrawals, which enhances its market liquidity and accessibility.
· ACX: The cross-chain bridge function of USDC on SuperSwap has been supported by Across Protocol, enhancing the asset liquidity within the ACX ecosystem.
· Hyperdrive: This RWA credit platform has launched a new type of leveraged market, attempting to address the volatility liquidation risk in crypto lending through a pricing mechanism based on redemption price.
· SOL: Community discussions show that SOL's trend is correlated with BTC but not synchronized, reflecting the market's divergence and wait-and-see sentiment regarding its short-term speculative direction.\u003ct-18/\u003e\u003cc-19/\u003e