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5 Must Reads in the Evening
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2025-03-28 21:03 4,427
1. 3 reasons why Bitcoin prices fail to break through the $90,000 resistance level

Since reaching a weekly high of $88,752 on March 24, the price of Bitcoin has formed a series of lower highs and lower lows in the 1-hour time frame chart. As the weekend approaches, Bitcoin price failed to effectively break through the $88,000 resistance level, reducing the chance of retesting $90,000 before the end of the first quarter. Click to read

2. Binance "Four Coins Issued at the same time": Can massive coins be sold to save the bull market?

On March 27, 2025, Binance made a big splash: through community voting, four new coins were launched at one time - MUBARAK, BROCCOLI714, TUT and BANANAS31, with the pace as fast as stepping on the accelerator. This is not a simple coin announcement, but a strategic breakthrough for Binance in the quagmire of bull market. Click to read

3. Looking at the evolutionary pain of decentralized governance from the dual-platform crisis

After the Hyperliquid liquidation incident caused by the "Hyperliquid 50-fold leverage giant whale" on March 12, on the evening of March 26, Hyperliquid encountered another "lightning sniper" targeting its liquidity and governance model. A trading team removed the margin by copying the operation of "Hyperliquid 50 times leverage whale", trying to force Hyperliquid's HLP vault to take over the huge loss position. The difference is that this trading team did not choose Bitcoin and Ethereum, but instead focused on the low liquidity and easy-to-manipulate Meme coins JELLYJELLY. Although this open market manipulation failed to completely succeed due to the urgent intervention of the exchange, it once again exposed Hyperliquid's multiple loopholes in governance centralization, liquidity management and market manipulation defense. Click to read

4. How traditional financial institutions quietly embrace cryptocurrencies

Since 2020, major U.S. banks, asset management companies and payment institutions have shifted from cautious wait-and-see to actively investing, establishing partnerships or launching crypto products. By early 2025, institutions had held about 15% of the Bitcoin supply, and nearly half of hedge funds had allocated some of their funds to digital assets. Key factors driving this trend include the launch of regulated crypto investment vehicles (such as the first bitcoin and Ethereum spot ETFs in the United States in January 2024), real-life assets (RWA) tokenization on blockchain, and the growing use of stablecoin settlement and liquidity for institutions. Institutions regard blockchain asTools to streamline traditional financial backend systems, reduce costs and enter new markets. Click to read

5. Musk announced his DOGE target: to complete trillions of cuts by the end of May

Trump's head of the Department of Efficiency (DOGE) announced in an interview with Fox News on Thursday that it plans to complete $1 trillion in spending cuts by the end of May. The billionaire claims that his team will achieve this within 130 days of the beginning of Trump's term on January 20 — equivalent to more than half of the non-defense autonomous spending budget ($1.8 trillion) for fiscal 2024. Click to read

Keywords: Bitcoin
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