1. Popular Coins on CEX
Top 10 CEX Trading Volume and 24-Hour Price Change:
BNB: 1.58%
BTC: -1.26%
ETH: -1.64%
SOL: -3.53%
PDA: 14.99%
DOGE: -3.09%
TRX: 1.13%
CREAM: 1.08%
XRP: -1.46%
ADA: -0.69%
24H Gainers (Data from OKX):
BONE: 36.75%
ACH: 13.80%
SWEAT: 12.78%
KISHU: 12.04%
MENGO: 11.96%
ULTI: 11.42%
WIF: 8.14%
PENDLE: 6.66%
KAITO: 6.38%
DOGS: 6.07%
2. Top 5 On-Chain Meme Coins (Data from GMGN):
IVANKA
ROGERS
WTFO
TnD
FMCS
3. 24H Trending Coins
IVANKA: The name of the IVANKA token clearly refers to Ivanka Trump, the daughter of Donald Trump, who is known for her business background and political exposure. The icon shows a blonde woman, matching Ivanka Trump's public image. The IVANKA token may be aimed at leveraging her celebrity status to attract users interested in the crypto market.
Headlines
Trump Promises Again Not to Sell Seized Bitcoin
US President Trump will deliver a speech at the Digital Asset Summit (DAS) in New York City, where he will again promise not to sell the Bitcoin seized by the US, and will terminate regulatory mechanisms such as "Operation Choke Point 2.0". Additionally, Trump stated that he wants to make the US a "Bitcoin superpower and the world's cryptocurrency capital".
Malware Disguised as Cracked TradingView Version Steals Crypto User Data
Slow Mist's Chief Information Security Officer 23 pds warned that the AMOS and Lumma information theft programs have recently been spreading through Reddit posts, disguised as cracked versions of TradingView, specifically targeting cryptocurrency users to steal wallets and personal data.
The malware can affect Mac and Windows users, and users are advised to avoid downloading unofficial software and enhance account security protection.
Pump.fun Launches PumpSwap to Compete with Automated Market Makers
Meme Coin Launchpad platform Pump.fun announced the launch of the PumpSwap service, which will provide users with token Swap functionality and directly compete with the automated market makers specialized in on-chain token trading in the Solana ecosystem. According to the project's launch document, Pump.fun's founders believe that PumpSwap can become the core of the permissionless trading infrastructure for all tokens on Solana, and they have reached agreements with multiple token projects that will establish liquidity directly within the PumpSwap framework.
Regulatory Updates
US SEC: PoW Mining Does Not Constitute Securities Issuance
The US Securities and Exchange Commission (SEC) issued a statement on March 20, stating that cryptocurrency mining activities based on the Proof-of-Work (PoW) mechanism do not constitute securities issuance and therefore do not need to be registered under the Securities Act. The statement indicates that the rewards received by miners, whether mining independently or through mining pools, are direct returns for their computational resource contributions, rather than profits based on the management or operations of others, and therefore do not meet the definition of an "investment contract". The SEC emphasized that this determination only applies to certain types of mining activities, and other transactions involving crypto assets still require case-by-case analysis.
Industry News
Trump Hints at Potential Economic Slowdown
Trump stated on social media: "As the United States Tariffs begin to take effect, so has the great American Comeback begun. Tariffs will make our Country MUCH STRONGER, not weaker. Just the beginning. MAKE AMERICA GREAT AGAIN. The Fed has made all the wrong moves. A small rate cut is not enough, but we will win anyway!"
Canary Files S-1 Form for PENGU ETF
According to market information, Canary has filed an S-1 form with the US Securities and Exchange Commission for the PENGU ETF.
Fed's Threshold for Rate Cuts Has Risen, Inflation Expectations Revised Upward Twice
Fed mouthpiece Nick Timiraos wrote that the Fed's economic outlook has undergone significant changes, but interest rate expectations have not fully reflected this change, and the threshold for rate cuts is rising.
Fed officials have revised their core PCE inflation expectations upward twice, from 2.2% in September 2023 to 2.5% in December 2023, and then to 2.8% in March 2024 (forecast for the end of 2025), with some officials even revising their inflation expectations for 2026 and 2027. Additionally, 18 out of 19 officials believe the inflation risk is tilted to the upside, meaning the Fed may need to see significant labor market weakness before considering rate cuts.
Fed Chair Powell stated that the upward revision of inflation expectations was "almost entirely" driven by changes in trade policy, and former Fed officials believe the Fed may find it difficult to ignore the price-raising pressure caused by tariffs and may need to wait for more evidence of economic growth slowdown before taking action.
The US initial jobless claims for the week ending March 15 were 223,000, expected 224,000, and the previous value was revised from 220,000 to 221,000.
The US continued jobless claims for the week ending March 8 were 1,892,000, expected 1,887,000, and the previous value was revised from 1,870,000 to 1,859,000.
The 4-week average of US initial jobless claims for the week ending March 15 was 227,000, with the previous value revised from 226,000 to 226,250.
Project Updates
Monad Testnet Has Resumed Operation
Monad co-founder Keone Hon stated that the testnet has resumed operation. Additionally, the network has added 15 new nodes, bringing the total number of nodes to 72, with only a few nodes still offline but expected to be back online soon. The team is working to improve the robustness of network upgrades.
Runes Protocol to Upgrade to "Agents", Supporting Runes AMM on Bitcoin L1
Ordinals founder Casey announced an upgrade to the Runes protocol called "Agents", which will enable a Runes AMM on the Bitcoin L1.
Agents uses an "interactive transaction construction" mechanism to allow market makers to add liquidity to the Runes AMM in a trustless manner, and to solve issues such as "batch splitting" and "mempool front-running", improving the user experience. The specific launch date for this feature has not yet been announced.
Aave founder Stani.eth posted on the X platform that the community has initiated a proposal to launch a new Aave staking module to enable AAVE buyback and fee conversion.
Hyperlane Reportedly Registered "claim.hyperlane.foundation" Domain, Potential Airdrop Incoming
Multiple community members have discovered that the Hyperlane Foundation appears to have registered the subdomain "claim.hyperlane.foundation", potentially indicating an upcoming airdrop.
Investment and Financing
Kraken Announces $1.5 Billion Acquisition of NinjaTrader
Kraken announced the acquisition of the US futures trading platform NinjaTrader for $1.5 billion. Now it can provide digital asset futures and derivatives services in the US, as NinjaTrader has obtained CFTC registration. Additionally, Kraken's regulatory licenses in the UK, EU, and Australia will help NinjaTrader expand in these regions.
Uranium Digital completes $6.1 million seed round, led by Framework Ventures
Uranium Digital announced the completion of a $6.1 million seed round, led by Framework Ventures. This funding will accelerate Uranium Digital's efforts to establish a uranium spot trading platform using crypto infrastructure, driving the "financialization" of the uranium spot market.
Walrus Foundation behind Walrus Protocol raises $140 million, led by Standard Crypto
The Walrus Foundation, the entity behind the Walrus Protocol, has raised $140 million through the sale of its cryptocurrency $WAL, led by Standard Crypto. Other investors include a16z, Electric Capital, and Franklin Templeton Digital Assets. This sale values the total supply of the Walrus Protocol cryptocurrency at $2 billion, and the project will build a decentralized storage network.
Voices
He Yi: Will use vote washing to eliminate vote rigging and ensure fair voting
Regarding the vote rigging behavior in Binance's voting for token listing, Binance co-founder He Yi commented that they will use vote washing to eliminate cheating and ensure fair voting.
Justin Sun: TRX ETF is coming soon
TRON founder Justin Sun posted on the X platform, announcing that the TRX ETF is coming soon.
Arthur Hayes: US bank credit supply index is on an upward trend, a good sign for BTC
BitMEX co-founder Arthur Hayes posted on the X platform, stating that the US bank credit supply index (an index he has customized) is on an upward trend, which is a good sign for BTC, although it does not mean the current market downtrend has ended, but the possibility of a market turnaround is becoming more optimistic.
Pudgy Penguins CEO Luca Netz posted on the X platform, stating that holding Pudgy Penguin NFTs is the best way to hold ETH. Since its inception, the return value of Pudgy Penguin NFTs has far exceeded staking ETH. In short, if you want to maximize the value of your ETH holdings, then use Pudgy Penguin NFTs to stake your ETH.
