1/ BlackRock's Ethereum ETF debut is impressive
BlackRock's iShares Ethereum Trust ETF (ETHB) saw trading volume exceed $15.5 million on its first day, with assets surpassing $100 million. This performance is considered robust for a newly issued ETF, reflecting the growing institutional recognition of the ETH staking sector.
2/ The suspense of the Federal Reserve's interest rate decision is resolved
Only 6 days remain until the FOMC meeting. FedWatch data shows that traders are betting on a 99.3% probability that the Federal Reserve will maintain interest rates. February's CPI year-on-year at 2.4% meets expectations, and signs of economic stagflation have become clearer, making short-term interest rate cuts completely unlikely.
3/ BTC hit a new weekly high, with strong resilience in risk aversion.
The tense situation in the Middle East is suppressing the stock market, while Bitcoin rises against the trend by 2.6%, climbing to 71,500 USD, reaching a new high since March 6. Analysts point out that BTC's strong performance is supported by the inflow of funds from the Strategy 11.5% Bitcoin yield product, with strong market demand.
4/ Circle issued 500 million USDC on Solana, with a total minting of 2 billion this week.
Stablecoin liquidity continues to be increased, significantly raising the funding levels in the Solana ecosystem, providing ample ammunition for subsequent market trends.
5/ The cost of the US-Iran war has surged, with over 10 billion spent in 14 days.
Pentagon officials revealed that expenses have exceeded 11.3 billion USD in the six days before the conflict, and as of now, it has entered the 14th day, with fiscal pressures continuing to escalate, further raising global inflation concerns.
6/ Iran rarely softens its stance, proposing ceasefire conditions
Iranian President Ebrahim Raisi expressed a commitment to peace, proposing three major ceasefire conditions: recognizing legitimate rights, paying compensation, and ensuring that the US and Israel will not attack again, leading to a potential easing of geopolitical conflicts and a gradual cooling of risk aversion sentiment.
7/ A shocking high-loss transaction has emerged on-chain, suspected to involve money laundering.
A trader exchanged 50.43 million USD USDT for only 36.2 thousand USD AAVE on Ethereum, incurring a loss of over 50.3 million USD within seconds. Despite the protocol's early warning about slippage risks, the user insisted on completing the trade. Coupled with the massive profits from MEV bots during the same period, on-chain tracking points to wallets suspected to be related to Garrett Jin, indicating that this is likely not an operational error, but rather a money laundering act.
8/ Bitcoin ETF has seen net inflows for four consecutive days.
On March 12, the spot Bitcoin ETF recorded a net inflow of 53.9 million USD, with BlackRock's IBIT leading at 46 million USD, as institutional funds continue to flow back, and bottom support is being reinforced.
9/ BTC has formed an accumulation range, but the breakthrough foundation remains weak.
The range of 62,000-72,000 USD has formed an accumulation cluster, but the intensity is not as strong as in the previous expansion phase. Although market confidence is being restored, the conditions for a mid-term breakthrough are still not fully mature.
10/ HSBC and Standard Chartered are set to obtain Hong Kong stablecoin licenses.
Joint ventures led by two major banks are expected to receive approval for the first batch of Hong Kong stablecoin licenses on March 24, as traditional financial giants accelerate their entry, marking a milestone in the compliant stablecoin sector.
11/ Strategy increased its holdings by 4038 BTC.
Michael Saylor's company raised funds through STRC, increasing its holdings by 4038 BTC, relying on a product with a 11.5% yield to continue accumulating, firmly adhering to a long-term coin-holding strategy.
12/ Bitcoin has not reached the structural bottom and is still in an oscillation range.
Currently, the profit supply of short-term BTC holders is below 50%, with buyers generally in a state of loss. The risk appetite on the demand side is low, remaining at the value bottom, and the structural bottom has not yet formed. It is expected that the range of 60,000-70,000 USD will continue to oscillate.
13/ Mainstream ETF funding is diverging, with BTC, ETH, and SOL attracting capital.
On March 12, BTC ETF saw a net inflow of 53.8 million USD, ETH 72.4 million USD, SOL 3.9 million USD, while XRP ETF had a net outflow of 6.08 million USD, with funds concentrating on leading mainstream assets.
14/ BTC recovered to 72,000 USD, aiming for 75,000
Bitcoin has successfully stabilized at 72,000 USD, with bullish momentum continuing to be released, and the next step is expected to challenge the 75,000 USD mark.
