Headlines
▌BTC Drops Below $82,000
The market shows that BTC has dropped below $82,000, currently trading at $81,998.01, a 24-hour decline of 2.81%. The market is highly volatile, please manage your risks accordingly.
▌Bitcoin is Experiencing "Shakeout" Rather Than the End of the 4-Year Cycle
The current BTC price is 22% lower than the historical high of $109,000 set on January 20, the day of President Trump's inauguration. Although investor sentiment has repeatedly fallen into the "extreme fear" zone, crypto analysts generally believe that the BTC bull market cycle has not yet ended. This decline may be a "shakeout" - a sharp drop caused by the mass liquidation of long positions, followed by a rapid rebound. Bitfinex analyst pointed out that "multiple key technical indicators have turned bearish, triggering speculation about the premature end of the bull market. But the 4-year BTC cycle is still a key factor, and history shows that corrections during the bull market are normal phenomena. This is more likely a shakeout rather than the start of a bear market. The BTC bottom may form in sync with the US stock market (especially the S&P 500), with the $72,000 to $73,000 range still a key support area, but global bond yields and stock market trends will dominate the next move of BTC. Trade war risks have been partially priced in, but long-term economic pressures may dampen sentiment." Nexo analyst Iliya Kalchev stated, "Although BTC's 4-year compound annual growth rate (CAGR) has dropped to a historical low of 8%, the halving event is still crucial to the long-term price trend. The April 2024 halving will reduce the block reward to 3.125 BTC, and BTC has already accumulated over 31% increase since then. Although the ETF inflows driven by institutional adoption have been the main driver in the past year, the halving effect will continue to impact the market."
Market
As of the time of writing, according to Coingecko data:
BTC last traded at $82,434.68, with a daily change of -2.1%;
ETH last traded at $1,884.11, with a daily change of -2.8%;
BNB last traded at $599.88, with a daily change of -2.8%;
SOL last traded at $126.03, with a daily change of -7.1%;
DOGE last traded at $0.168, with a daily change of -4.6%;
XPR last traded at $2.30, with a daily change of -1.6%.
Policy
▌Pakistan Establishes Cryptocurrency Committee to Regulate Blockchain and Digital Assets
The Pakistani government has established the Pakistan Cryptocurrency Committee (PCC) to oversee the integration and use of blockchain technology and digital assets in the country's financial sector. The PCC's agenda includes developing clear cryptocurrency adoption regulatory guidelines, collaborating with international cryptocurrency and blockchain organizations, and promoting responsible innovation. The committee will also focus on consumer protection and financial security through a robust legal and compliance framework. Finance Minister Muhammad Aurangzeb will chair the committee, leading a diverse panel that includes senior officials from major financial and regulatory authorities. The leadership team consists of the Governor of the State Bank of Pakistan, the Chairman of the Securities and Exchange Commission of Pakistan (SECP), and the Federal Minister for Law and Information Technology, aiming to ensure a comprehensive approach to regulatory oversight, financial stability, and technological progress. Pakistan is currently one of the countries with the highest cryptocurrency adoption rates, with an estimated 20 million active cryptocurrency users and over $20 billion in cryptocurrency transactions.
Blockchain Applications
▌Lighthouse 7.0 Stable Version of the Light Client to Be Released Soon
The Ethereum 2.0 client Lighthouse development team Sigma Prime has announced that Lighthouse is enabling default light client support, making trustless wallets more viable than ever before. With this release, the share of beacon nodes providing light client data is expected to increase from 5% to 30-40%. The currently available Lighthouse v7.0.0-beta.3 suitable for Holesky has fixed the bug that caused node stalling (only Holesky nodes are recommended to upgrade), and the Lighthouse 7.0 light client stable version is about to be released.
Cryptocurrencies
▌Crypto Wallets Will Integrate Agents Within a Few Years
Ethereum developer eric.eth stated that the wallet user experience commonly seen today will completely disappear within a few short years. Users will no longer need to click "connect" and "sign". Users will need to converse with agents (agents) who will perform all on-chain work for them.
▌California Department of Financial Protection and Innovation Releases 24 Types of Crypto Fraud, Warns the Community
The California Department of Financial Protection and Innovation (DFPI) has released 24 types of cryptocurrency fraud, warning the community to be vigilant. These include: advance fee fraud, affinity fraud, asset recovery scams, bait-and-switch scams, Bitcoin mining scams, crypto ransomware scams, crypto gaming scams, crypto job scams, impersonation fraud, high-yield investment programs, Ponzi schemes, liquidity mining/liquidity mining scams, pig butchering scams, crypto giveaways/airdrop scams, and ransomware.
▌North Korean Hackers Purchased 437.6 Billion PEPE Worth $3.1 Million Using Mixer Funds on March 11
According to on-chain detective ZachXBT, a highly credible Tornado Cash asset theft investigation shows that on March 11, 2025, after mixing the funds using Tornado Cash, North Korean hackers used part of the ETH funds to purchase 437.6 billion PEPE, worth $3.1 million. Further analysis shows that the North Korean hackers encountered asset theft due to a compromised Tornado Cash user interface. Previously, Lookonchain monitoring showed that 3 wallets made large purchases of 689.79B PEPE (total value of about $4.3 million), and their funds all came from Tornado Cash.
▌US Support for Crypto Assets and Non-Bank Finance Sows the Seeds of Future Turmoil
European Central Bank Governing Council member Francois Villeroy de Galhau stated that US support for cryptocurrencies and non-bank finance could trigger the next financial emergency. In an interview with the French weekly magazine "Le Forum", he said: "The United States may be committing a crime through negligence. Financial crises often originate in the United States and spread to the rest of the world. By encouraging crypto assets and non-bank finance, the US government is sowing the seeds of future turmoil." Galhau added that European regulation is more protective and stated that the EU does not face the risk of a banking crisis.
▌Meme Coins Are Becoming a "Tool for Retail Exploitation", Contradicting the Decentralization Spirit of Crypto
Anastasija Plotnikova, co-founder and CEO of blockchain regulatory firm Fideum, stated that meme coins are increasingly violating the basic spirit of cryptocurrency decentralization, and are being used to exploit retail investors in more and more Rug Pulls. She added: "Meme coins have evolved from community-driven social experiments to a chaotic situation dominated by the extraction of value from retail investors, with insider circles, price manipulation, and targeting groups replacing the original organic and collectible nature of the meme coin community, creating an unhealthy competitive environment." Anastasija Plotnikova believes that some behaviors are clearly illegal and fall under the jurisdiction of law enforcement, and supports the enforcement of certain projects.
Important Economic Dynamics
▌3 Days Remaining Until the Fed's Interest Rate Decision, March Rate Cut Probability Only 2%
According to the "Fed Watch" data from CME, there are 3 days left until the next FOMC meeting (the interest rate decision will be announced at 2 am Beijing time on March 20), the probability of the Fed cutting rates by 25 basis points in March is 2%, and the probability of keeping it unchanged is 98%. The probability of the Fed cutting rates by a cumulative 50 basis points by May is 0.5%, the probability of a cumulative 25 basis points cut is 27.7%, and the probability of keeping it unchanged is 71.8%.
▌US Treasury Secretary cannot guarantee the US economy will not fall into recession
The Trump administration has introduced a series of tariff policies, and has made frequent changes, leading to a decline in business and consumer confidence, and recent US economic data has been flashing "red lights", with concerns about Trump's recession becoming more prominent. On March 16, US Treasury Secretary Mnuchin said in an interview that "he cannot guarantee that the US economy will not fall into recession." However, he also repeatedly emphasized that the US government is taking "prudent and lasting policies", the US economy will experience "adjustments", "go through a transition period, but there will be no financial crisis."
Jinse Encyclopedia
A cold wallet is a method of storing cryptocurrencies that keeps them offline and disconnected from the internet. This setup makes it much more difficult for hackers to remotely access the funds. Examples include: hardware wallets (such as Ledger, Trezor), paper wallets, and air-gapped computers (devices that have never been connected to the internet).
Disclaimer: Jinse Finance, as a blockchain information platform, the articles published are for information reference only and do not constitute actual investment advice. Please everyone establish the correct investment concept and must improve risk awareness.
