Rhythm Evening News｜Bitcoin briefly fell below US$63,000; SLERF’s 24-hour transaction volume exceeded US$2.69 billion, ranking seventh on the entire network
Selected news:
1. Bitcoin briefly fell below US$63,000, a 24-hour drop of 6.9%
2. The Bank of Japan’s 17th anniversary The first interest rate hike is expected to maintain a loose monetary environment for the time being
3. Analysis: It is expected that after the US stock market opens tonight, there will be a net outflow of approximately 2,306 BTC from the ETF custody address
4. The market value of SLERF has Surpassing BOME, becoming the seventh largest meme coin
5. Polyhedra Network token airdrop ZK has been opened for applications
Price Observation h1>
Bitcoin short-term Falling below $63,000, a 24-hour drop of 6.9%
According to OKX market information, Bitcoin fell below $63,000 for a short time and is now quoted at $63,283, a 24-hour drop of 6.9%.
BNB short It fell below $500 at one time, with a 24-hour drop of 10.28%
According to market data, BNB fell below $500 for a short time, and is now quoted at $509, with a 24-hour drop of 10.28%.
Ethereum It fell below US$3,300, falling more than 8% in 24 hours
According to OKX market data, Ethereum fell below US$3,300 and is now quoted at US$3,279, falling more than 8% in 24 hours.
The U.S. blockchain sector fell sharply before the market opened, with MicroStrategy (MSTR.O) falling nearly 9%, Coinbase (COIN.O) falling more than 5%, and Riot Platforms (RIOT.O) falling more than 3%. Grayscale ETF saw its largest single-day outflow, sending Bitcoin lower. (Golden Ten)
According to OKX market data, altcoins followed the broader market and experienced a general decline. FRONT and other high market value cryptocurrencies The 24-hour drop exceeded 43%, of which:
FRONT is now quoted at US$1.45, and the 24-hour drop is 43.5%
BOME is now quoted at US$0.0113, 24-hour drop of 28.9%
BONK is now quoted at US$0.0000208, 24-hour drop of 22%
AEVO is now quoted at 2.12 US dollars, 24-hour drop of 22.14%
PEPE is now quoted Quoted at US$0.00000609, a 24-hour drop of 20.9%
SOL fell below $180 for a short time, with a 24-hour drop of 8.63%
According to OKX market data, SOL fell below $180 for a short time and is now at $183.4, 24 The hourly drop was 8.63%.
WHALES short fell below US$1.7, a 24-hour drop of 21.93%
According to market data, the decentralized over-the-counter trading platform Whales Market token WHALES fell below US$1.7 for a short time, and is now quoted at US$1.74 , a 24-hour drop of 21.93%.
Transaction Tracking
According to Coinglass data, the entire network has exploded in the past 24 hours. The total position was US$621 million, of which long positions were liquidated at US$515 million and short positions were liquidated at US$107 million.
According to Lookonchain monitoring, the largest individual holder of SLERF deposited all 46,742 SOL ( 8.6 million USD) into Binance.
From January 30 to March 4, the whale withdrew 80,285 SOL ($8.1 million) from Binance and Kraken at an average price of $101 ). Then yesterday spent 35,953 SOL ($7.26 million) to buy 8.2 million SLERF, becoming the largest individual holder.
According to The Data Nerd monitoring, a trader hoarded 7.9 million SLERF at an average price of US$0.04. Then 7.7 million pieces were sold at an average price of US$0.22, with a realized profit of US$1.38 million. Currently, there are still 213,000 SLERF held (approximately $213,000).
A transaction The investor spent 2 SOL to buy 90 million SHAD and made a profit of US$260,000
According to Lookonchain monitoring, a trader spent 2 SOL and earned 1,408 SOL ($260,000), a gain of 704 times.
The trader spent 2 SOL to buy 90 million SHAD, and then sold 85.3 million SHAD to obtain 1,410 SOL. Currently holding 4.7 million SHAD, worth US$12,000
According to Lookonchain monitoring, a new address The address withdrew 10,100 SOL from Binance 5 hours ago and spent 10,000 SOL to buy SLERF. Currently, it has sold the principal and holds a profit of $1.24 million worth of SLERF.
Previously BOME The address that swapped the position of SLERF bought BOME back again and sold SLERF
According to monitoring by @ai_9684xtpa, the address that swapped the position of SLERF with BOME just bought BOME again and sold SLERF 15 minutes ago.
After this change of hands, its total BOME holdings increased by 4.2 million, and it currently holds a total of 318 million BOME, with a total value of US$2.86 million.
BOME Buy A large trader entered SLERF, and the selling price of BOME was US$0.0096
According to monitoring by @ai_9684xtpa, a large trader who spent US$2.3 million to buy BOME on March 15 sold 14 million BOME in exchange for For 132,990 SLERFs, the selling price of BOME is $0.0096.
Amber Group Five hours ago again Deposited 1 million ARB to Coinbase
According to @ai_9684xtpa monitoring, Amber Group once again deposited 1 million ARB to Coinbase five hours ago, worth $1.63 million.
Amber still holds 6.82 million ARB, worth $10.58 million.
According to monitoring by @ai_9684xtpa, in the past 9 hours, the number one address holding BOME personal positions, sundayfunday.sol, sold another 340 million US dollars in the past 9 hours BOME. The sale earned a total of 18,660 SOL, with an average selling price of $0.0107 and a profit of $3.62 million.
The address still holds 900 million tokens, and its assets have shrunk to $8.38 million as BOME fell 47% in the past 24 hours.
According to Ember Monitoring, the whale previously mentioned bought 13,689 ETH through a revolving loan in February at a price of US$2,600. , all ETH positions have been cleared, the average selling price is about US$3,400, and the profit is expected to be US$10.95 million.
According to Ember Monitoring, a whale who bought 13,689 ETH at a price of $2,600 through a revolving loan in February began to sell ETH to unleverage:
The whale transferred 3,000 ETH to Binance half an hour ago, and then withdrew 10.17 million USDT from Binance 13 minutes ago, selling for $3,392. Returned these USDT to Compound 10 minutes ago and continued to redeem 4300 ETH and transferred it to Binance, the sale should be ongoing now.
Project News
Meme project LADYS stated on the social platform that Milady Wif Hat (LADYF) tokens will be distributed to qualified pre-sale participants and 100% of SOL will be returned to the original wallet. The return of funds will start today at 10am (UTC). Milady Wif Hat ($LADYF) Token Allocation:
· 25% of tokens allocated to eligible pre-sale participants
· 25% for fair issuance on DEX
· 25% reserved for $LADYS supporters, more details to be determined.
· 25% will be airdropped to buyers of LADYF mobile phones, details to be determined.
Previously, LADYS’ Milady Wif Hat pre-sale amount has reached the hard cap of 88,888 SOL.
According to Solscan data, the founder of Whales Market deposited 159,802 SOL into Binance 25 minutes ago SOL, approximately US$27.64 million.
BlockBeats previously reported that the founder of the over-the-counter trading platform Whales Market has raised 155,364 SOL (approximately US$32 million) for its new AI project, exceeding its US$30 million for the project Pre-sale hardtop. And said, "The previous announcement has been removed so that people can stop sending SOL. Any excess amounts will be refunded within the next 12 hours."
Polyhedra Network token airdrop ZK is open for application
According to the official website, applications for the Polyhedra Network token airdrop ZK are open.
Flow Traders Or be one of the market makers of Polyhedra Network
According to monitoring by @ai_9684xtpa, Flow Traders may be one of the market makers of Polyhedra Network. 11 hours ago, the Flow Traders market-making address received 5 million ZK from the project and has deposited a total of 2.5 million tokens to Gate, Bybit, and OKX.
According to official news, the Ethereum re-staking Restaking project Kelp DAO has joined the Manta Network ecosystem and will join the Manta Restaking Paradigm activity, allowing users to Stake ETH to get rsETH, KEP airdrops and EigenLayer points. Stargate has supported cross-chain rsETH to Manta Pacific.
Currently Restaking Paradigm supports ether.fi. Users can pledge ETH to obtain eETH, ether.fi second round airdrop and EigenLayer airdrop points.
Upbit： NEAR token deposits and withdrawals will be suspended due to network upgrade
According to the official announcement, due to the Near Protocol network upgrade, Upbit will suspend NEAR deposits and withdrawals at 18:00 on March 20, Korean time. After confirming that the NEAR network upgrade is stable, Upbit will resume NEAR deposit and withdrawal services.
Arbitrum： ArbOS Atlas Phase 2 is now online
Arbitrum stated on social platforms that ArbOS Atlas Phase 2 is now online, further reducing the gas cost of Arbitrum One.
Bitcoin L2 project BVM will release the AI platform Truly Open AI
According to CoinDesk, the Bitcoin L2 project BVM said it will release the AI platform Truly Open AI, allowing users to deploy AI models on the blockchain to For use in cryptographic applications. It is reported that the platform’s storage model is built in cooperation with Filecoin, Near, Avail, Polygon and Syscoin.
Backpack: The first phase of the preseason has ended, with a total trading volume of US$27.5 billion
Backpack stated on its social platform that the first phase of the preseason has ended. During the event from February 13 to March 18, the platform achieved a total transaction volume of 27.5 billion US dollars and completed 259 million orders. KYC added 252,000 new users, bringing the total number of users to 560,000.
The Backpack will announce plans for the second phase of the preseason next week.
According to official news, options trading platform Aevo announced the launch of SLERF trading.
Floor Protocol The founder stated that he has purchased SLERF
NFT fragmentation protocol Floor Protocol founder @FLC_FlooringLab expressed on his social platform that he is optimistic about SLERF and said that this is the third purchase in his crypto career Meme coins (the remaining two are DOGE and PEPE).
NFT Artist beeple posted "THE RISE OF SLERF" with a picture, SLERF once again exceeded 1 US dollar
According to market information, SLERF once again exceeded 1 US dollar, and is now quoted at 1.0452 US dollars. The 24-hour trading volume of this currency has reached US$2.67 billion.
Previously NFT artist beeple released "THE RISE OF SLERF" with pictures.
Solana Home The social project LUV was liquidated today and 97.2% of the tokens were destroyed
According to official news, LUV has officially completed the clearance process, and the problems of community members must be resolved. LUV officials stated that in order to repay the support of the community, LUV destroyed 9,719,638,406 tokens, accounting for approximately 97.2% of the total. The current actual total amount of LUV is 280,359,285.23, and officials have added new liquidity.
LuvDapp work is also progressing in an orderly manner and is expected to be online soon. LUV will continue to work hard to bring better products and services to users.
The founder of Meme project SLERF said on social media that a donation wallet has been set up, and LBank will serve as the third donor. A donor will also serve as the custodian of the donation address.
Previously, the founder of SLERF said that in order to return the funds of pre-sale contributors, he will find a trusted third party to set up a donation wallet. The purpose of this initiative is to raise enough funds to provide full or partial refunds to contributors during the pre-sale period.
The official TON blockchain push was stolen and Meme coin pre-sale information was released. Users are advised to pay attention to the safety of their own property and never conduct related asset operations.
CeFi Information
Grayscale CEO: Expected to reduce fees for Grayscale Bitcoin Spot ETF in the next few months
Grayscale CEO Michael Sonnenshein said that as the emerging crypto ETF market matures, it expects to lower fees on the Grayscale Bitcoin Spot ETF in the coming months.
It is reported that Grayscale’s GBTC has experienced more than $12 billion in outflows since it was converted to an ETF in early January. Currently, Grayscale GBTC’s management fee is 1.5%.
According to Bloomberg, the cryptocurrency trading platform BitMEX is investigating the situation that caused Bitcoin to crash on its platform this morning. Abnormal trading activity. At around 06:30 Beijing time on March 19, the BTC/USDT price fell to a low of $8,900 on BitMEX, while Bitcoin was trading at more than $66,000 on other exchanges.
A spokesperson for BitMEX said the company investigated the incident and discovered "aggressive selling behavior involving a very small number of accounts that exceeded expectations." "Market Scope" evidence, adding that its systems are functioning properly and all user funds are safe.
An X account named @syq first posted about the sudden sell-off, suggesting that the flash crash coincided with 977 coins worth approximately $66 million Bitcoin was sold off. A BitMEX spokesperson declined to comment further on the details of the incident.
According to the official announcement, the Binance contract will be traded at 17:00 on March 26 (Eastern Eighth District time) FOOTBALLUSDT and BLUEBIRDUSDT U-margined perpetual contracts will undergo automatic liquidation, and the above-mentioned U-margined perpetual contract trading pairs will be delisted after the liquidation is completed.
Binance contracts will update the FOOTBALLUSDT and BLUEBIRDUSDT U-margined perpetual contract leverage and margin tiers at 18:30 on March 19 (Eastern Eighth District time).
Binance will support Polygon (MATIC) and Cosmos (ATOM) on March 20 ) Network upgrades and hard forks
According to the official announcement, Binance will support Polygon (MATIC) and Cosmos (ATOM) network upgrades and hard forks.
The Polygon (MATIC) project will conduct a network upgrade and hard fork at block height 54,876,000 (estimated at 14:00 on March 20). Binance is expected to suspend the token deposit and withdrawal services of the Polygon (MATIC) network at 13:00 on March 20;
The Cosmos (ATOM) project will The network will be upgraded at block height 19,639,600 (estimated at 18:27 on March 20). Binance is expected to suspend token deposits and withdrawals on the Cosmos (ATOM) network at 17:30 on March 20.
Coinbase will Suspended UNFI trading on April 2
According to official news, based on the results of a recent review, Coinbase decided to suspend Coinbase.com, Coinbase Exchange and Coinbase at around 2 a.m. Beijing time on April 2 Unifi Protocol DAO (UNFI) trading on the Prime platform.
Binance Requirements Prime brokers step up vetting to exclude US investors
After pleading guilty last year and being fined $4.3 billion for violations of US anti-money laundering and sanctions laws, Binance has asked its main Brokers such as FalconX and Hidden Road are implementing stricter customer vetting measures to prevent U.S. investors from using the world's largest cryptocurrency trading platform. Since pleading guilty in November, Binance has told these prime brokers that serve institutional traders to obtain more information from their clients, including asking for office addresses and the locations of employees and founders, and requesting responses, according to people familiar with the matter. The applicant signs a statement confirming the accuracy of the answers.
The U.S. Department of Justice criticized Binance in a statement last November, saying that while refusing to comply with relevant U.S. laws, it targeted U.S. customers, especially those with the ability to increase Exchange liquidity for large traders. In an effort to rebuild its reputation and market share, Binance co-founder CZ stepped down as CEO following a plea deal last year and was replaced by Richard Teng, facing a tough U.S. regulatory perspective. While Binance's market share of global spot crypto trading volume fell from nearly 60% to about 30% last year, the platform's market share has recovered to about 40% following the record-breaking surge in Bitcoin prices over the past 12 months.
Opinion data
Three Arrows Capital co-founder Zhu Su said on social media that Ethena has created an interesting dynamic. Under normal circumstances, if people choose to hold spot positions and short contracts for capital rate arbitrage, when the rate returns to neutral, users may Start covering the contract and go long again. However, due to the existence of Ethena, some positions have now been pledged and turned into US dollars (this should mean that some spot and futures short positions have been pledged and minted USDe through a combination). This could mean a deeper retracement and faster rebound for ETH.
According to on-chain analyst Ember monitoring, on March 18, ten BTC spot ETFs had a net outflow of US$154.44 million. , corresponding to the net outflow of approximately 2,306 BTC from the ETF custody address after the US stock market opens tonight (March 19):
· Outflow: Grayscale (GBTC) There was an outflow of approximately 9,596 BTC (corresponding to an outflow of US$642.52 million on March 18);
· Inflow: The remaining nine ETFs had an inflow of approximately 7,290 BTC (corresponding to an outflow of US$642.52 million on March 18) daily capital inflow of US$480.8 million). The main mover was BlackRock (IBIT), which saw inflows of 6,743 BTC ($451.48 million).
The ten BTC spot ETFs currently hold a total of BTC: 836,814 BTC ($56.03 billion).
According to Bloomberg, the Japanese Government Pension Investment Fund (GPIF) announced on the 19th that it will seek relevant Investment diversification information. Information is being sought on uninvested, less liquid assets, including Bitcoin, as well as gold, forests, farmland, and more.
Currently, GPIF diversifies its investments into traditional assets such as domestic and foreign stocks and bonds, as well as alternative assets such as infrastructure and real estate. With assets under management of approximately 225 trillion yen as of the end of December 2023, it is the world's largest pension fund.
According to statistics from on-chain detective ZachXBT, the last 27 pre-sales on the Solana chain have raised a total of more than 65.5 10,000 SOL ($122.5 million).
SLERF Market Cap It has surpassed BOME and become the seventh largest meme coin
According to CoinGecko data, SLERF's current market value reaches US$645 million, surpassing BOME's US$513 million and becoming the seventh largest meme coin.
According to CoinGecko data, the meme coin SLERF’s 24-hour transaction volume reached US$2.691 billion. In addition to stablecoins, the transaction volume ranked seventh on the entire network. It is also the meme coin with the largest transaction volume in the past 24 hours, surpassing Dogecoin. of US$2.076 billion.
10x Reaearch Founder: The meme currency craze may be mainly driven by the Korean market
Markus Thielen, founder of 10x Reaearch, said in an interview that given that about 80% of the rise in meme currency is concentrated in Asian trading hours , the recent surge in transaction volume in the Korean crypto market, and the historical trading preferences of Korean traders and other factors, it is speculated that the current meme currency craze may be mainly driven by the Korean market. At the same time, South Korea's upcoming presidential election has also created a relatively relaxed policy environment for this kind of speculation.
Markus Thielen also said that because the theme of meme currency speculation changes very quickly and a large amount of transaction volume is needed to support its rise, it is not certain that the meme currency craze can continue. How long does it last.
According to data from farside investors, affected by GBTC’s net outflow of US$643 million yesterday, the total net outflow of Bitcoin spot ETF yesterday The outflow was US$154 million, the third net outflow since January 25 (previously there were net outflows of US$35.7 million on February 21 and US$140 million on March 1).
As a result, yesterday’s outflow also set a record since the Bitcoin spot ETF was listed.
According to data from farside investors, BlackRock IBIT had a net inflow of US$451 million yesterday. As a result, the Bitcoin spot ETF experienced a total net outflow of $154 million yesterday.
The Bank of Japan raised its benchmark interest rate from -0.1% to 0-0.1%, the first rate increase since 2007. The eight-year era of negative interest rates is officially over.
At the same time, the Bank of Japan said it would cancel the purchase of ETFs and real estate investment trusts (REITs); it would continue to purchase Japanese government bonds, with the scale basically remaining the same as before. It is expected that the loose monetary environment will be maintained for the time being. (Golden Ten)
According to Alternative data, today’s cryptocurrency panic and greed index is 79 (yesterday was 77), Market sentiment has not yet cooled down with the broader market adjustment.
Note: The panic index threshold is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media popularity (15 %) + market survey (15%) + Bitcoin’s proportion in the entire market (10%) + Google hot word analysis (10%).
Financing Express
According to CoinDesk, encryption compliance platform Keyring completed a $6 million seed round of financing. Gumi Cryptos Capital and Greenfield Capital co-led the investment, with participation from Motier Ventures, Kima Ventures and others. The funding will be used to expand its on-chain compliance platform, which targets institutional investors and protocols.
OrangeDX, a DeFi development company on the Bitcoin chain, announced the completion of US$1.5 million in financing, with participation from GBV Capital, Odiyana Ventures, Triple Gem Capital, Nxgen, X21, Spicy Capital, Alphabit Fund, FundLand Capital, etc. participated in the investment.
OrangeDX is positioned as a multi-faceted Bitcoin protocol platform, aiming to use the Bitcoin blockchain to expand transactions, bridging, lending and other services, thereby further expanding BRC -20 Ecology, and is also committed to cultivating new projects through the Initial Liquidity Offering (ILO) mechanism.
Tokenize This brings its Series A funding round to $23 million. The digital asset trading platform plans to raise a total of $33 million in funding by the end of 2024.
Tokenize plans to increase its Singapore headcount five-fold over the next 18 months, with the new funding going toward team development. The company plans to hire a large number of compliance and operations experts. (techinasia)
Blast ecological DeFi project Juice completed US$7 million in financing, with participation from Arthur Hayes, DWF Ventures, Delphi Digital and others. It is reported that Juice is built based on Blast by the full chain and Bitcoin DeFi infrastructure OMEGA team.
BlockBeats previously reported that in February this year, Bitcoin ecological infrastructure Omega announced the completion of US$6 million in financing. This round of financing was funded by Lightspeed Faction and Bankless Ventures. , Wave Digital and others participated in the investment.
The new funding will be used to help launch Omega’s Bitcoin Web3 infrastructure, the first decentralized solution that enables Bitcoin holders to Leverage the value of its Layer 1 BTC to generate yield without the need for bridging, wrapping, or synthesis, allowing native Bitcoin to be used in DeFi.
Regulatory News
SBF’s sentencing is scheduled for March 28
According to CoinDesk, SBF’s defense team submitted last month issued a sentencing memorandum urging District Judge Lewis Kaplan to impose a lighter sentence of no more than 6.5 years on SBF. The defense also submitted multiple letters of recommendation from SBF's parents and brother, followers of the Effective Altruism philosophy, former FTX employees and several others.
SBF’s announcement is scheduled for March 28 at 9:30 a.m. Eastern Time (9:30 p.m. Beijing time that day).
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