Sangen Rai

@xsangen

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Bitcoin's price fell 5.6% in a week, with futures volume rising 64%, indicating a potential market transition. Despite increased activity, a 19% drop in open interest suggests traders are cautious.

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Analysts warn Solana could experience a significant drop, with predictions suggesting up to a 30% decrease in value, raising questions about its future performance.

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In response to US tariffs, China's yuan devaluation against the dollar has analysts predicting a potential boost for Bitcoin, as capital may flow into hard assets like BTC. The yuan's drop to its lowest since 2023 signals Beijing's willingness to allow more currency flexibility amid escalating trade tensions.

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According to Whale Alert, the USDC Treasury destroyed 50 million USDC on the Ethereum blockchain at 23:18 Beijing time.

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According to on-chain analyst The Data Nerd (@OnchainDataNerd), whale address '0x5fA' has accumulated 13,075 ETH (approximately $23.27 million) over the past month, with an average purchase price of around $1,780. The address currently has 24,300 ETH staked in the Lido protocol, with no selling activity observed.

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The cryptocurrency market experienced a significant downturn, with over $1.6 billion in leveraged positions liquidated and Ethereum (ETH) dropping to its lowest level since January 2023. Analysts attribute the selloff to global macroeconomic uncertainties, despite some seeing potential for a short-term rebound.

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BlackRock CEO Larry Fink warns of a potential 20% market decline, citing U.S. instability and inflation concerns, but sees long-term buying opportunities. He remains skeptical of Fed rate cut speculations for 2025 and previously viewed market turmoil as a buying chance, mentioning Bitcoin's potential as a global reserve currency.

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danxv ⌐◨-◨

GM or you’re yeeted into the blockchain abyss! HODL the streak! 🦇💨 #GM #GMbase #BaseDaily gmonchain.vercel.app

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BlackRock's BUIDL Fund has deployed over $1 billion on the Ethereum blockchain, with a current total of approximately $1.145 billion. The fund focuses on tokenized real-world assets (RWA) and diversifies investments across multiple chains including Avalanche, Polygon, Aptos, Arbitrum, and Optimism, with Ethereum remaining its core allocation.

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Binance founder Changpeng Zhao (CZ) utilized BNB to take a long position on Mubarak through APX Finance, which has now been closed. This action briefly propelled APX and Mubarak prices by 26% and 5.5%, respectively, as CZ described it as a routine on-chain test.

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On March 22 (UTC+8), Japan's listed real estate company Open House Group announced it will accept XRP, SOL, and DOGE for payments, allowing international clients to purchase local properties with these cryptocurrencies. The company had previously supported BTC and ETH payments and sponsored Japan's largest Lightning Network community, 'Diamond Hands', for a joint research project in 2022.

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In the last 24 hours, the cryptocurrency market experienced $116 million in liquidations, affecting 76,176 individuals, with AUCTION leading at $20.05 million.

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Ripple announced the SEC has officially dismissed its four-year lawsuit against the company, signaling the end of the SEC's crackdown on the crypto industry. Cases against Coinbase, Kraken, Robinhood, Binance, and OpenSea have also been dismissed, resolved, or put on hold.

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Bilal Bin Saqib, CEO of Pakistan's Crypto Council, suggested utilizing the country's excess energy for Bitcoin mining during the council's first meeting on March 21, aiming to establish Pakistan as a crypto hub and attract foreign investment.

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Bitget Wallet has announced a collaborative ecosystem event with Berachain, offering users the chance to share in $80,000 worth of BERA airdrop rewards by completing specified interactive tasks between March 20, 16:00 and April 2, 16:00 (UTC+8).

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The U.S. Agency for International Development (USAID) is considering the adoption of blockchain technology to enhance the transparency and traceability of its procurement processes, following a proposal from Trump administration officials and inspired by Elon Musk's DOGE unit. This move aims to modernize USAID's operations, focusing on efficiency and tangible impacts, amidst criticisms of inefficiency and calls for a leaner, more focused approach to foreign aid.

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Bitget announced the launch of Nillion (NIL) on its pre-market trading platform today at 20:00 (UTC+8), with spot trading commencing on March 24 at 21:00 (UTC+8).

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Amidst meme coin scams and macroeconomic uncertainties, the speculative fervor in the crypto market is waning, with investors turning to safer digital assets. Glassnode data shows Bitcoin's 'hot supply' metric, indicating coins held for a week or less, has dropped over 50% from late November to March 20.

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According to monitoring by PeckShield, the attacker behind the Zoth project has converted stolen funds into 4223 ETH.

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