ChainCatcher news, crypto analyst Miles Deutscher revealed data showing that only 12 of the top 100 cryptocurrencies by market cap have achieved positive returns in the past 90 days. Among them, <BERA> surged 579.63%, <TRUMP> rose 85.61%, and <BGB> rose 72.68%. Other well-performing tokens include <DEXE>, <IP>, <GT>, and <OM>. At the same time, <LINK> had the largest decline of 40%, <SUI> fell 39.48%, <JTO> fell 38.83%, Bitcoin (BTC) fell 13.47%, <BNB> fell 19.25%, and <ADA> fell 30.71%. Miles Deutscher pointed out that in the current market environment, it has become difficult to choose winners, and this cycle has become a "rotation market", unlike the previous bull market cycle, where holders are being punished.

Here is the English translation, with the content within <> tags kept as is and not translated: UNI has noticed the community's discussion on PizzaSwap's plan to increase its service fee rate. Currently, the platform's Swap transaction fee rate is 0.3%, slightly lower than the market standard in the Bitcoin ecosystem's DEXes. The majority of this fee (5/6) is allocated to LP rewards, while 1/6 is used to support platform maintenance. However, the low fee may result in LP rewards being lower than expected. Therefore, a vote has been initiated, with options including maintaining the status quo, increasing the fee rate to 0.9%, or increasing it to 1.5%. The voting period is from 4 AM UTC on March 10 to 12 PM UTC on March 12.

PANews reported on March 9 that according to Cointelegraph, Iliya Kalchev, an analyst at the Digital Asset Investment Platform Nexo's Dispatch, said that the price of Bitcoin will continue to be under pressure from macroeconomic developments and global trade issues. Next week, everyone's attention will turn to major economic events in the US, including the Consumer Price Index, which is expected to signal a slowdown in the inflation rate, and the Job Openings report, which will be a key indicator of the strength of the labor market and the potential for lower interest rates. Due to disappointing US Bitcoin reserves, Bitcoin faces the risk of a weekly close below $82,000, and if Bitcoin falls below this key price support, it could trigger the liquidation of $1.13 billion in cumulative long leverage.

Here is the English translation, with '<>' content retained as is: ChainCatcher news, <UniSat> is holding a community vote on adjusting the <PizzaSwap> service fee. Currently, the platform charges a 0.3% fee per transaction, with 5/6 used for LP rewards and 1/6 for platform maintenance. However, some community members believe the current fee is too low, leading to insufficient LP rewards and weakening the incentive to provide liquidity, which may impact the healthy development of the ecosystem. The <UniSat> team stated that although they have maintained low fees to reduce the transaction threshold, they value the community's opinion and have decided to let users vote on whether to increase the service fee to enhance the LP incentive. If the adjustment is approved, the additional revenue will be used for short-term reward programs, such as the upcoming <LPFest Epoch3>. This vote requires locking <FB> to obtain voting rights. The voting period is from March 10, 12:00 to March 12, 20:00 (UTC+8), and the final decision will fully respect the community's will.

On March 9, according to Coinglass data, as Bitcoin has been continuously exploring downwards recently, the current mainstream CEX and DEX funding rates show that the market has generally turned bearish. The funding rates of mainstream cryptocurrencies are shown in the figure below. <BlockBeats Note: When the funding rate is 0.01%, it represents the benchmark rate. When the funding rate is greater than 0.01%, it indicates that the market is generally bullish. When the funding rate is less than 0.005%, it indicates that the market is generally bearish.>

ChainCatcher news, according to Alternative data, the cryptocurrency fear and greed index fell again today, dropping to 27 (28 yesterday), and the level is still fear. It is reported that the fear index threshold is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media heat (15%) + market survey (15%) + the proportion of Bitcoin in the entire market (10%) + Google hot word analysis (10%).

ChainCatcher news, OKX-BTC/USDT is currently trading at $85069.60, down 1.34% in the last 24 hours.

On March 9, according to <HT> market information, Bitcoin briefly fell to $85,000, currently quoted at $85,029, a 24-hour decline of 1.37%.

According to the news from Mars Finance, on March 9, the official website of Grayscale showed that the page of Grayscale Ethereum Trust ETF (ETHE) has removed the promotional phrase "The world's largest Ethereum Fund" and replaced it with "Pioneering exposure to Ether". The data shows that the Ethereum holdings of ETHE are approximately 1,240,202.6609 ETH, valued at approximately $2,675,923,271.19, while the holdings of BlackRock's ETHA are 1,268,065.9718 ETH, valued at approximately $2,794,563,788.68.

ChainCatcher reported that crypto analyst Miles Deutscher posted on <X platform> that the net asset premium of MicroStrategy (MSTR) rebounded 23% from its low last week. This metric measures the premium level of MSTR's market capitalization relative to its held Bitcoin assets. A higher premium means that MicroStrategy can raise more funds to purchase Bitcoin. Miles Deutscher stated that Saylor may be preparing for another large-scale Bitcoin purchase next week.

Fintech News reported that on March 9, Securitize, a <asset tokenization platform> backed by BlackRock, announced the appointment of former Anchorage executive Georgia Quinn as Chief Legal Officer, aiming to drive the adoption of compliant tokenized securities in traditional financial markets. Previously, Securitize had also appointed former Grayscale executive Michael Sonnenshein as Chief Operating Officer.

ChainCatcher reported that trader Eugene shared his investment philosophy on his personal channel: "There has been some debate about which utility/DeFi tokens are worth buying from a long-term value investment (HTF value) perspective. From a value investment perspective, I will only invest if I see the following three elements: Absolute certainty that token holders are the primary consideration in the eyes of the team (or at least on par with equity holders). As long as equity holders enjoy benefits that token holders cannot access, I will not blindly pursue tokens for the sake of value. This does not necessarily mean that token holders need to immediately receive direct token utility (such as buybacks, dividends, etc.), but it is absolutely necessary to get a clear and consistent signal from the team that token holders are the ultimate beneficiaries. The business model does not directly depend on the speculative 'Ouroboros' that cryptocurrencies are known for. This is where many so-called 'fundamental investors' tend to fall into a trap, because in a bear market, trading volume may drop 90% and then another 90%, rendering any P/E or P/S valuation meaningless. Furthermore, it is the height of stupidity to annualize the 'good' revenue data of a protocol for just one month when the protocol's market share and momentum are at their peak. Trust in the management's execution capability. As with any business, you need to do due diligence and believe that the team behind the protocol has the ability to realize its vision, beating competitors through technological barriers or excellent execution. So far, I believe only a few protocols meet these criteria, and I will buy their tokens at the right time. But for the other 99.9% of tokens, they can only be classified as 'concentration camps'."

According to Binance market data, <GPS> and <SHELL> have seen a short-term surge, where: <GPS> is currently priced at $0.0481, up 8.56% in the past 1 hour. <SHELL> is currently priced at $0.2994, up 8.83% in the past 1 hour. ChainCatcher previously reported that Binance has delisted market makers engaged in improper behavior related to <GPS> and <SHELL>, and confiscated their related earnings.

PANews reported on March 9 that according to the official announcement, Binance, in its investigation of a market maker (hereinafter referred to as the "market maker") of GoPlus Security (GPS), found that the same market maker was also responsible for the market making activities of the MyShell (SHELL) project. Regarding the misconduct of the market maker, Binance has taken the following additional measures: 1. The market maker has been removed and is prohibited from conducting any further market making activities on Binance. 2. The relevant profits of the market maker have been confiscated and will be used to compensate users of the GPS and SHELL projects (the detailed compensation plan will be determined and announced by the relevant project teams).

The news from Mars Finance states that on March 9th, Simon Gerovich, the CEO of the Japanese listed company Metaplanet, posted on platform X calling for Japan to follow the US in establishing a Bitcoin reserve and turning Japan into a "global Bitcoin superpower". He revealed that the company has achieved a 45.1% Bitcoin return rate since 2025, with a Bitcoin acquisition price of approximately $240.2 million and an average acquisition price of approximately $83,172. Simon Gerovich added: "I worry every day that I don't have enough Bitcoin, because the window to buy Bitcoin won't be open forever, and there will soon be two types of people: those who have Bitcoin and those who regret not buying Bitcoin. Metaplanet is accumulating as much Bitcoin as possible so that shareholders can rest assured."

Odaily reports that trader Eugene posted on his personal channel stating: In recent years, with the improvement of the regulatory environment, the investment value of DeFi and public chain ecology has gradually become the focus of market attention. However, to invest capital from the perspective of value investment, the following three core conditions must be met: 1. Priority of token holders: The team must clearly define that token holders are the primary beneficiaries (or at least have equal rights as equity holders). If shareholders can obtain additional benefits while token holders do not receive the same treatment, then such tokens will not have the appeal of value investment. This does not mean that tokens must immediately have direct returns (such as buybacks or dividends), but the team must maintain a clear and consistent stance that token holders are the ultimate beneficiaries of the project. 2. Sustainable business model: The project's revenue model cannot rely on the speculative cycle of the cryptocurrency market. Many so-called "fundamental investors" often make the mistake of valuing based on short-term trading volume or revenue data. However, in a bear market, trading volume may plummet by 90% or more, rendering metrics like P/E or P/S meaningless. In addition, annualizing based on single-month peak data is extremely unreasonable. 3. Team's execution capability: Investors need to have confidence in the execution capability of the management team and believe that they can outperform the competition through technical barriers or excellent execution. Any successful business requires a reliable team, and blockchain projects are no exception. In summary, projects that meet these standards are few and far between, and investors should position themselves at the right time. For 99.9% of tokens, the ultimate outcome may be zero.

ChainCatcher news, according to Bitcoin.com, the regulated digital asset exchange ATME in Bahrain has launched a gold-backed token under the support of the country's central bank, with each token representing one kilogram of gold, providing qualified investors a secure and modern way to invest in gold without the challenges of physical gold storage. ATME CEO Alex Lola stated that combining the stability of gold with blockchain technology will promote financial inclusion in the region.

According to Coinglass data, if Bitcoin falls below $85,000, the cumulative liquidation strength of long positions on major CEXs will reach $645 million. Conversely, if Bitcoin breaks through $87,000, the cumulative liquidation strength of short positions on major CEXs will reach $413 million.

The White House's AI and Crypto Advisor, David Sacks, has published his latest interview with Bloomberg on the <X platform> with the caption "1-minute explanation on why the US needs a strategic Bitcoin reserve". David Sacks stated that we (the US) believe Bitcoin is scarce and valuable, and holding Bitcoin has strategic significance for the US. The US government's past strategies have been temporary, simply selling off, but Bitcoin is a long-term reserve asset, so a long-term strategy is needed to maximize the value of Bitcoin.

The Trump family crypto project WLFI previously announced a partnership with the Sui Network and plans to include the SUI token in its strategic token reserve "Macro Strategy". WLFI co-founder Zak Folkman revealed that the reason for choosing SUI is its US domestic background, and the project has innovation and scalability. Investors believe this indicates that WLFI's next move will target other US-based crypto projects, especially those with the "tacit approval" of Trump's younger son Eric Trump. Zak Folkman also added that WLFI plans to continue supporting core DeFi assets in the coming months.