Jerry Han

@jerryhan

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The net asset value of Ethereum spot ETFs is $6.769 billion. The ETF net asset ratio (the proportion of market capitalization to the total market capitalization of Ethereum) reaches 2.84%, and the cumulative net inflow in history has reached $2.417 billion.

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This week, during the 153rd Ethereum Core Developers Consensus (ACDC) conference call, developers re-affirmed the Pectra testing plan and planned to upgrade the newly launched Hoodi testnet on March 26. Developers agreed to postpone the mainnet launch date of Pectra until they see the upgrade situation of Hoodi and conduct further tests on Pectra's functions on Hoodi.

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Robert Mitchnick, head of BlackRock's digital assets division, said that the demand for Ethereum ETFs has been mediocre since their launch in July last year. However, if some regulatory issues that hinder their development can be "resolved", the situation may change. Approval for staking could be a "huge leap" for Ethereum ETFs.

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The New York Stock Exchange has submitted a proposal to the SEC, proposing to allow Bitwise's Ethereum ETF to be staked.

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BlackRock's AUM (Assets Under Management) on Arbitrum One has exceeded $10 million. Although the amount is still relatively small, it can be seen that these large institutions are starting to explore possible asset management models on Ethereum Layer 2.

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The Base team claims that the Base chain can shorten transaction execution to within 200 ms, a performance that would exceed that of Solana, which currently stands at 400 ms.

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Don't adopt strategies that could lead to a complete loss of funds, no matter how high the success rate is. Skydiving and the complete loss of funds mean the same thing in this context.

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For most high-risk-preference and offensive players in the cryptocurrency circle, once they have accumulated a certain amount of capital, they should take a look at this question: If you were invited to participate in a skydiving activity with a 98% success rate, would you be willing?

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Lately, a certain opinion has been quite prominent in the community. It proposes expanding the Ethereum main chain at the cost of decentralization in order to pursue higher TPS. This is clearly affected by another kind of "blockchain". That kind of "blockchain" aims to become a global NASDAQ and exchange, but it can't support a future on-chain world.

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I'm particularly worried now whether Vitalik, influenced by some ideas from the community, will yield to the current trend of the coin price, fail to withstand certain pressure, and take some measures to give up the ideal and pursuit of decentralization in order to "boost" the price of Ethereum in the short term.

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For the time being, there is no problem with the decentralization of Ethereum. Although the team and the ecosystem have been somewhat affected at present, there is still a chance to turn things around. I still believe that Vitalik, the young founder, can lead his team and Ethereum out of the current predicament and solve the problems encountered in the development.

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The acting chair of the US SEC said that they are considering adjusting the monthly reporting rules for the portfolio holdings of mutual funds and ETFs. They are considering canceling or modifying the proposals regarding the protection of investors' assets (including cryptocurrencies) put forward during the Biden administration.

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From February 17th to March 17th, Jupiter has used 50% of the protocol fees to repurchase 14,450,758 JUP tokens, which are worth approximately $7.51 million.

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Historical data shows that after the bursting of the tech-stock bubble, the NASDAQ index plummeted by nearly 80%. During the 2008 financial crisis, its decline reached 55%. And when the pandemic broke out in 2020, the NASDAQ index also dropped by 30% at one point. The average decline in these three bear markets is approximately 55%.

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Currently, the NASDAQ index has dropped by 12%. If this adjustment evolves into a bear market and the correlation between the NASDAQ and Bitcoin remains unchanged (that is, for every 12% drop in the NASDAQ, Bitcoin drops by 24%), then when the NASDAQ's decline expands to 20%, the price of Bitcoin may still remain at around $65,000. However, if the NASDAQ enters a real bear market, the decline could be far more than 20%.

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Recently, multiple cryptocurrency users have reported an increase in the number of phishing emails impersonating cryptocurrency exchanges Coinbase and Gemini. These emails attempt to trick users into setting up new wallets using pre-generated recovery phrases controlled by scammers, thereby stealing users' assets.

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After the North Korean hacker group Lazarus Group attacked Bybit, it began to convert some of the stolen assets into Bitcoin. Data shows that the group now holds 13,562 BTC, worth approximately $1.14 billion. This has led to a continuous increase in North Korea's Bitcoin holdings. Currently, it has surpassed El Salvador (6,117 BTC) and Bhutan (10,635 BTC), becoming the third - largest government entity in terms of Bitcoin holdings globally, second only to the United States (198,109 BTC) and the United Kingdom (61,245 BTC).

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This week, the total net outflow from US spot Ethereum ETFs reached $189.9 million, with a total of 99,266.82 ETH being sold. Among them, BlackRock sold 33,776.47 ETH, and Fidelity sold 31,695.05 ETH, indicating heavy selling pressure. The price of ETH has fallen below the $2,000 mark, and the ETH/BTC exchange rate is also continuously declining. Currently, it is only 0.0229.

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This week, there was a net outflow of $829.9 million from US spot Bitcoin ETFs. A total of 10,358.34 BTC were sold. Only on Wednesday, there was a slight inflow of 160.44 BTC, and there were net outflows for the rest of the time.

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The TON Foundation has confirmed that Telegram founder Durov has regained his freedom and supports the defense of online freedom of speech and privacy rights.

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