Important information from last night and this morning (March 23-March 24)

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PANews
03-24
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Important News from Last Night to This Morning (March 23-24)

SHELL Buyback Progress Reaches 81.2%, Token Price Rises Over 4% Since Buyback

According to on-chain analyst Ai Yi's monitoring, the SHELL buyback address withdrew 1 million tokens from Binance two minutes ago, with a cumulative buyback total of 21.95 million tokens, increasing the completion progress to 81.2%. Since the buyback started on March 14, the SHELL token price has risen 4.56%, from $0.2565 to $0.2682.

White House Official: US Might Use Gold Reserves to Buy More Bitcoin

Trump's Digital Asset Advisory Council Executive Director Bo Hines stated in an interview that the US could use the earnings from its gold reserves to purchase more Bitcoin. According to Hines, this could be a budget-neutral way to increase the country's Bitcoin reserves. Hines referenced Senator Cynthia Lummis's 2025 Bitcoin Bill, which advocates for the US to acquire 1 million Bitcoins within five years, approximately 5% of the total Bitcoin supply. Bitcoin purchases would be funded by selling Federal Reserve gold certificates.

Metaplanet Purchases Another 150 Bitcoins, Cumulative Holdings Reach 3,350

According to Metaplanet's announcement, as part of its Bitcoin treasury strategy, the company purchased another 150 Bitcoins at an average price of 12,570,173 yen per Bitcoin, totaling approximately 1.886 billion yen. To date, the company holds 3,350 Bitcoins, with a cumulative purchase amount of approximately 42.216 billion yen.

WLFI Purchases $3 Million Worth of MNT, Investment Portfolio Underwater by Over $100 Million

According to on-chain analyst Yu Jin's monitoring, the Trump family-backed DeFi project WLFI purchased 3.539 million MNT for $3 million 15 minutes ago, with an average transaction price of about $0.84. Currently, WLFI has invested approximately $343 million in 11 tokens including ETH, WBTC, TRX, LINK, AAVE, ENA, MOVE, ONDO, SEI, AVAX, and MNT, with an overall unrealized loss of about $109 million, a loss rate of one-third. Some tokens have mutual "boosting" behavior with WLFI.

Bitcoin Mining Difficulty Adjusts 1.43% to 113.76 T Last Night, Approaching Historical High

Cloverpool data shows that Bitcoin mining difficulty was adjusted at block height 889,056 (Beijing time 03-23 19:15:42), with difficulty increasing by 1.43% to 113.76 T, approaching the historical high (114.17).

USDC Treasury Mints 250 Million USDC on Solana Chain

According to Whale Alert's monitoring, at 04:00 Beijing time on March 24, USDC Treasury minted 250 million USDC (approximately $249,973,750) on the Solana chain.

Trump: I Love $TRUMP, It's Very Cool

Trump posted on social media Truth Social: I love $TRUMP, it's very cool, they are all great.

Data: ALT, VENOM, YGG and Other Tokens to Face Large Unlocks Next Week

Token Unlocks data shows that ALT, VENOM, YGG and other tokens will face large unlocks next week, including: AltLayer (ALT) will unlock about 240 million tokens at 6 PM Beijing time on March 25, representing 8.6% of current circulation, valued at about $9.8 million; Venom (VENOM) will unlock about 59.26 million tokens at 4 PM Beijing time on March 25, representing 2.9% of current circulation, valued at about $7 million; Yield Guild Games (YGG) will unlock about 14.08 million tokens at 10 PM Beijing time on March 27, representing 3.28% of current circulation, valued at about $3 million; and other tokens with similar unlock details.

Two Bounce Finance Multi-Sig Addresses Deposit 1.55 Million AUCTION into Team Finance

According to @ai_9684xtpa's monitoring, four hours ago, two Bounce Finance multi-sig addresses deposited a total of 1.55 million AUCTION into Team Finance and locked it (representing 23.5% of circulating tokens), equivalent to about $37.73 million, locked until 2025.09.01.

Michael Saylor Again Posts Bitcoin Tracker Information, May Disclose Additional Purchases Next Week

MicroStrategy founder Michael Saylor again posted Bitcoin Tracker information on X platform, stating: "Need more orange". According to previous patterns, MicroStrategy always discloses Bitcoin purchase information the day after such messages are published.

Analyst: BUSD Once Third-Largest Stablecoin, Now Ethereum Chain Market Cap Only Around $50 Million

Entropy Advisors' Data Manager Tom Wan posted on X platform that BUSD was once the third-largest stablecoin, reaching $23 billion, but now its Ethereum chain market cap is only around $50 million. CZ previously posted that "BUSD was an excellent USD stablecoin but was killed in Operation Chokepoint 2.0, but on the bright side, many new stablecoins are now being launched on BSC".

Wintermute May Have Become Market Maker for Meme Coin mubarak

According to @ai_9684xtpa's monitoring, Wintermute may be the market maker for BSC ecosystem meme coin mubarak. Wintermute first traded mubarak five days ago (03.19), focusing interactions with PancakeSwap; over the past four days, it has withdrawn 6.04 million tokens from Gate and currently holds mubarak tokens worth $740,000 on-chain.

Next Week's Macro Outlook: Market Expects More Dovish Fed, Stagflation Clouds Remain Unresolved

In the past week, the impact of the Federal Reserve meeting was mixed, and its inclusion of stagflation risks in the latest economic forecast seemed to contradict Fed Chairman Powell's assurances of economic resilience. Meanwhile, with the deadline for Trump's broad reciprocal tariffs (April 2nd) imminent, these factors have caused global financial markets to be turbulent. Here are the key points the market will focus on in the new week: Monday 21:45, US February S&P Global Manufacturing and Services PMI Final Value; Tuesday 21:05, FOMC Permanent Voting Member, New York Fed President Williams to deliver opening remarks at an event; Tuesday 22:00, US March Conference Board Consumer Confidence Index, US March Richmond Fed Manufacturing Index; Thursday 1:10, 2025 FOMC Voting Member, St. Louis Fed President Musalem to give a speech; Thursday 20:30, US Initial Jobless Claims for the week ending March 22nd; Thursday 20:30, US Q4 Real GDP Annualized Quarter-on-Quarter Final Value, Real Personal Consumption Expenditure Quarter-on-Quarter Final Value, Core PCE Price Index Annualized Quarter-on-Quarter Final Value; Friday 20:30, US February Core PCE Price Index Year-on-Year, Personal Spending Month-on-Month, Core PCE Price Index Month-on-Month. Although the Fed says it is not in a hurry to cut rates, the market expects a more dovish stance. Investors believe the Fed is likely to cut rates three times this year, as they bet the economic slowdown will exceed the Fed's expectations, which means economic growth data may become the focus in the coming months.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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