Market is currently holding at a crucial support zone. We’ve seen a strong rejection from the 0.006823 level on the 1-hour chart, signaling that buyers are stepping in with strength.
My analysis indicates that the 0.00732 level is a major turning point, and a powerful Bounce Back for $BAS is expected from here. The RSI (14) is sitting at 40.91, suggesting that selling pressure is fading and bullish momentum is building up. 📈
U.S. lawmakers introduced the #PREDICT Act, which aims to prohibit the President, members of Congress, and other senior #Government officials from participating in prediction market trading.
The bill was jointly introduced by Adrian Smith and Nikki Budzinski, seeking to restrict the use of insider information for engaging in prediction activities related to political events or policy outcomes, and extending its scope to cover spouses and family members of the aforementioned individuals.
The bill also proposes #imposing a fine equal to 10% of the total contract value for violations and confiscating all profits, which would be remitted to the U.S. Treasury.
On March 26, crypto market analyst Axel released the latest report saying that in the past 30 days (February 24 to March 25), Bitcoin ETFs (US and others) had a cumulative net inflow of 62,986 BTC (approximately $11.30 billion), with total holdings reaching 1.327 #million #BTC .
During the same period, short-term holders continued to realize losses on exchanges, with the average daily inflow on the loss side reaching 15,500 BTC. Axel pointed out that the current institutional buying has exceeded the retail selling pressure, providing #support for the price, but the market presents a differentiated pattern - short-term participants are still selling at a loss, while #ETF funds are gradually absorbing the supply.
To continue the upward #momentum , the price needs to stand above $70,000.00 and ETF fund inflows need to remain positive.
On March 26 (UTC+8), the Polygon community released PIP-85 proposal. The proposal includes adjusting the PIP-65 priority fee allocation formula, introducing equal weighting factors in validator allocation, and setting a dividend ratio for stakers.
50% is extracted from the validator pool and distributed to stakers through a periodic Merkle claim program deployed on Ethereum. The remaining validator pool allocation is then adjusted: 75% is allocated according to an equally weighted performance-adjusted method, and 25% is allocated according to the existing staking weight formula.
Polygon Foundation CEO Sandeep Nailwal commented, "This proposal is a prudent approach aimed at fairly rewarding all network participants: stakers can directly obtain fee income, while the validator community can remain healthy and incentivized."
On March 26th, Bloomberg reported that Moonshot AI, the parent company of the AI chatbot Kimi, is in the preliminary stages of considering an initial public offering in Hong Kong and has begun discussions with CICC and Goldman Sachs regarding listing cooperation. The specific timing has not yet been determined, and the planning is still in progress, and may ultimately not proceed. Spokespersons for Moonshot AI and Goldman Sachs declined to comment, and CICC did not respond.
After completing a financing round of over $700 million earlier this year, Moonshot AI is discussing a new round of financing with a scale of up to $1.00 billion, which will bring its valuation to approximately $18.00 billion. At the end of last year, its Series C valuation was approximately $4.30 billion, and its valuation has since risen rapidly. Founder Yang Zhilin said in an internal letter at the end of last year that the company has 10.00 billion yuan in cash and is "not in a hurry to go public in the short term." There were also rumors of a "backdoor listing" in December last year, which were denied by the company.
Competition rivals in the same track, Zhipu and MiniMax (Xiyu Technology), have been listed on the Hong Kong Stock Exchange one after another. Taking advantage of the investor enthusiasm triggered by the listing of peers, Moonshot AI has been accelerating financing in the private equity market.
On March 26 (UTC+8), according to SoSoValue data, Ethereum spot ETFs recorded a total net outflow of $8.5074 million yesterday (March 25, Eastern Time).
The Ethereum spot ETF with the largest single-day net inflow yesterday was Fidelity’s ETF FETH, with a net inflow of $23.7964 million; FETH’s cumulative historical net inflow now stands at $2.332 billion. Next was BlackRock’s Staked ETH ETF ETHB, with a single-day net inflow of $1.1161 million; ETHB’s cumulative historical net inflow now stands at $164 million.
The Ethereum spot ETF with the largest single-day net outflow yesterday was BlackRock’s ETF ETHA, with a net outflow of $33.4199 million; ETHA’s cumulative historical net inflow now stands at $11.838 billion.
As of press time, the total assets under management (AUM) of Ethereum spot ETFs stood at $12.511 billion, the ETF AUM ratio (i.e., the ratio of ETF market cap to Ethereum’s total market cap) reached 4.78%, and the cumulative historical net inflow has reached $11.664 billion.
On March 26 (UTC+8), according to HyperInsight monitoring, a whale starting with 0x74d briefly closed all of its BTC short positions at an average closing price of approximately $69,929. The initial short position was 300 BTC, equivalent to approximately $20.97M, with an average opening price of $70,472.
After BTC fell below $70,000, the address chose to take profit and exit the short position, which had been held for 33 hours, recording a total profit of approximately $265,000.0.