GuShiio.com In the short term, Bitcoin may form resistance at US$96,000.
Author: Shenchao TechFlow
yesterdaymarket dynamics
IntoTheBlock: Bitcoin may form at US$96,000 in the short termresistance level
According to IntoTheBlock analysis, the volatility of the crypto market has returned, and accumulated data on the chain can provide valuable reference for identifying potential support and resistance levels. In the short term, approximately 1.66 million bitcoins are currently losing money. These holders may choose to close their positions when the price rises back to the cost price, thus forming a key resistance level around US$96,000.
Trump: Reciprocal tariffs will be implemented on April 2
U.S. President Trump said at a press conference announcing that TSMC would invest US$100 billion in the United States that the United States would impose a 25% tariff on Canada and Mexico on March 4, and said there is no room for negotiation with these two U.S. allies. In addition, Trump also said that the United States will adopt reciprocal tariffs starting from April 2, and will also impose tariffs on countries that use currency devaluation to impose sanctions. Trump also revealed earlier that tariffs would be imposed on agricultural products on April 2.
21Shares Strategy Director: U.S. strategic crypto reserves may take longer to land, and the market reaction is overly optimistic
Eliezer Ndinga, director of strategy at 21Shares, issued a document saying that the recent rise in cryptocurrency prices (especially altcoins) is mainly driven by discussions on U.S. strategic crypto reserves, but the market reaction may be overly optimistic.
He pointed out that the establishment of strategic reserves requires congressional approval and involves many complex issues: asset allocation ratio, holding period, holding ratio relative to total supply, market integrity measures, and asset protection mechanisms.
Ndinga believes that the process will take longer than the market expected. Trump may use social media influence to set preliminary conditions for Congress, but the proposal may face multiple revisions and delays, which will eventually lead to a cooling of current market enthusiasm.
Head of Muse Labs: It is less difficult for the Trump administration to sell gold to build cryptocurrency reserves, so pay attention to the price of gold
According to Jiang Jinze (@kanazawa0x0), head of Web3 research firm Muse Labs, Trump’s crypto reserve plan is less difficult to raise funds than issuing new bonds or selling gold to raise funds and buy coins. After all, it does not involve additional government debt, but at this stage, either one is very unreliable. So if you think big funds will take this reserve plan seriously, whether gold has fallen is a side indicator. rdquo;
Zora: ZORA tokens will be launched, with airdrops expected in spring 2025
According to official sources, Zora has announced that it will launch ZORA tokens on the Optimism-based Base network in the coming months.
The first snapshot of ZORA was taken on Monday, and the second snapshot is scheduled three days before the official ZORA airdrop and is expected to take place sometime in the spring of 2025.
The total supply of this token is 10 billion, of which 26.1% is allocated to contributors, 20% is used for incentives, 20% is owned by the treasury, 18.9% is allocated to the Zora team, 10% is used for retrospective airdrops, and 5% is used to maintain liquidity.
Zora said the upcoming tokens are for entertainment only, and their holders do not enjoy any management rights and have no right to claim any equity in Zora or its products.
Market news: Ronaldinho X account was allegedly sold to Shenzhen coin issuing team for US$5 million
Former football superstar Ronaldinho was accused of selling his Twitter account to a China Shenzhen company for US$5 million to promote a cryptocurrency, according to crypto user@R10coin_.
It was revealed that the project planned to conduct a running operation within just one hour after the issuance of the tokens, selling the tokens and harming the interests of investors.
It is said that relevant parties began negotiations with Ronaldinho on issuing cryptocurrencies in May 2024, and an agreement was reached after more than six months of discussions.
There has been no official response confirming or denying this accusation. Investors were warned not to purchase relevant tokens to avoid possible financial losses.
CZ: Interaction with the community is casual, and YZi Labs loses 80% of its investment projects
Binance founder Zhao Changpeng (CZ) said in response to the X platform’s interaction with Ronaldinho’s Meme token, which was equivalent to indirect ordering, that his interaction was very casual and said: How can I have time to watch first? I just want to interact with the big V on BSC. If every X interaction has to be backtracked first, how can I reply to you? I strive to interact as much as possible with the community, not as little as possible. It will be the same in the future. Labs ‘investment and advisor are to be looked at first. Labs also loses 80% of its investment projects.& rdquo;
beauty SEC The Cryptocurrency Working Group announced that it will hold its first roundtable meeting on March 21
According to The Block, the U.S. Securities and Exchange Commission’s newly formed cryptocurrency task force will hold its first roundtable meeting later this month as part of a series of meetings. The meeting, titled Our Past and Future Defining Securities Status, will be held March 21 at the agency’s headquarters in Washington, D.C., the SEC said in a statement Monday. This roundtable is part of a spring sprint series of meetings seeking clarity in cryptocurrencies. Republican Commissioner Hester Peirce, who leads the cryptocurrency task force, said in a statement: I look forward to leveraging the public’s expertise to develop a viable regulatory framework for cryptocurrencies. rdquo;Peirce said she plans to prioritize classifying some tokens as non-securities.
Yuga Labs: United States SECNFT not securities
Yuga Labs issued a document on the X platform saying: After more than three years of investigation, the U.S. Securities and Exchange Commission (SEC) has officially ended its investigation into Yuga Labs. This is a huge victory for the NFT field and all the creators who are driving the development of our ecosystem. NFT is not a securities.& rdquo;
All the 499,000 ETH stolen by Bybit have been cleaned, which took 10 days.
According to monitoring by online analyst Ember (@EmberCN), hackers have cleaned all 499,000 ETH (approximately US$1.39 billion) stolen from Bybit. The entire process took 10 days.
ETH prices fell 23% during the period, from $2,780 to $2,130. Hackers mainly conduct money laundering operations through THORChain, which resulted in US$5.9 billion in transaction volume and US$5.5 million in fee income.
market dynamics
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After the change of power, where will the Ethereum Foundation go?
This article discusses the recent major personnel changes announced by the Ethereum Foundation (EF). Executive Director Aya Miyaguchi has been transferred to chairman, newly appointed Hsiao-Wei Wang and Tomasz Stanczak as co-executive directors, and former researcher Danny Ryan has announced his return. This change triggered heated discussions in the community, which was seen as a signal that Ethereum regained its technical focus, and was also questioned as failing to solve the problem of governance centralization. The article analyzes the background of the new leadership and its possible impact, and points out that Ethereum needs to find a balance between its idealized vision and the actual needs of the market.
Trump resurrected the market with one sentence, but have you made money?
In this article, Trump posted a message on Truth Social about the establishment of a strategic crypto reserve in the United States, mentioning that the inclusion of XRP, SOL and ADA into the scope of reserves triggered a strong reaction from the crypto market in the short term, and the prices of various cryptocurrencies rose sharply. However, the article also discusses the situation of ordinary investors in this wave of market, as well as the information gap and benefit distribution issues between the core circle and ordinary investors.
Trump’s path to chief crypto market maker: From MEME to national strategic reserves, an analysis of the operational logic of political capitalization
This article discusses Trump’s cryptocurrency operation, revealing the paradox between power and decentralization, how blockchain is used by political power to form a hidden exploitation system, and analyzes Trump’s strategy of market manipulation through information privileges and capital leverage. Blockchain has failed to subvert traditional power, but has instead become a new tool for power centralization.
IOTA launches MOVEATHON series of hackathons, starting the year of construction”
This article introduces IOTA’s announcement of the MOVEATHON series of hackathons activities, aiming to explore new possibilities brought about by its soon-to-be-upgraded protocol. The event will last throughout 2025. The first session will be held from March to June 2025, with a total prize pool of US$150,000. After the upgrade, the IOTA protocol will be fully decentralized, processing 50,000+ transactions per second, sub-second final confirmation and other features, and will support the dual smart contract ecosystem of MoveVM and EVM. The event has four major tracks that encourage developers to innovate in payments, real-world applications, decentralized finance and tool infrastructure.
Interview with Backpack CEO Armani Ferrante: Being a bridge between the traditional financial system and the crypto world
This article is an exclusive interview with Backpack CEO Armani Ferrante, discussing his journey from an Apple engineer to entering the encryption industry, as well as Backpack’s strategy in product development, compliance, market positioning, etc. The article also details Backpack’s product planning, financing and future development direction, including its layout in the Japanese and European markets.
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