Headlines

▌Bitcoin dominance climbed to 58.8%, a new high since early 2021

Golden Finance reported that Bitcoin dominance (providing the total market value of crypto) rose from 51% in December last year to 58.8%, a new high since early 2021, breaking the market's expectations for the "altcoin season". Traditional theory believes that after Bitcoin rises, funds will rotate to high-risk altcoins, but there are structural changes in this cycle: Institutions continue to increase their holdings: MicroStrategy and other companies are targeted to raise additional funds to buy BTC, forming continuous buying pressure; new tokens are flooding, diversion of altcoins liquidity; ETF effect differentiation: Bitcoin and Ethereum spot ETFs absorb funds, failing to drive other altcoins to rise in general. Analysts pointed out that the altcoin market may be delayed rather than disappear, and if the tracks such as RWA and AI are broken through, it will still attract capital rotation.

▌Trump has pardoned three co-founders of BitMEX

Golden Finance reported that President Trump has pardoned three co-founders of cryptocurrency trading platform BitMEX. The three co-founders — Arthur Hayes, Benjamin Delo and Samuel Reed — have pleaded guilty to a series of federal criminal charges related to money laundering and failure to regulate the exchange. Reed pleaded guilty to violating the Bank Secrecy Act in 2022 and agreed to pay a $10 million fine. Prosecutors have previously accused the individuals of actually operating BitMEX as a ‘money laundering platform’ and claimed that their claim to withdraw from the U.S. market was ‘false’.

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Trending the press, according to Coingecko data, BTC's latest transaction price is US$84,347.73, with a daily increase and decline of -3.2%;

ETH's latest transaction price is US$1,910.90, with a daily increase and decline of -4.8%;

BNB's latest transaction price is US$619.27, with a daily increase and decline of -2.5%;

SOL's latest transaction price is 129.53US dollar, daily increase and decrease of -6.3%; DOGE's latest transaction price is 0.1806 US dollars, daily increase and decrease of -5.8%;

XPR's latest transaction price is 2.2 US dollars, daily increase and decrease of -5.6%.

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▌The US FDIC has released new guidance to clarify the process for banks to participate in cryptocurrency-related activities

Golden Finance reported that the US Federal Deposit Insurance Company (FDIC) officially released new guidance saying that institutions regulated by the US Federal Deposit Insurance Company can participate in "permitted" encryption activities without prior approval from the US Federal Deposit Insurance Company.

▌Trump plans to host El Salvadorian President at the White House in April

Golden Finance reported that market news: US President Trump plans to host El Salvadorian President Bookele at the White House in April.

▌A senior Brazilian official: Bitcoin reserves are "critical" to Brazil's prosperity

Golden Finance reported that according to Decrypt, senior adviser to Brazil's vice president Pedro Giocondo Guerra said in a recent speech: "Bitcoin's strategic reserves are crucial to prosperity. Discussions on establishing BTC reserves may be a key factor in determining Brazil's prosperity and are in the interests of the public." Brazilian MP Eros Biondini (PL-MG) has previously proposed a legislation that proposes the establishment of a “Strategic Sovereign Bitcoin Reserve” (RESBit). Holding 5% of the foreign exchange reserves (international reserves) as Bitcoin, the Brazilian central bank will use advanced monitoring systems, blockchain technology and artificial intelligence to monitor transactions and be responsible for custody.

▌The US SEC meets with Wintermute representatives to discuss solutions to crypto regulation-related problems

Golden Finance reported that the U.S. Securities and Exchange Commission (SEC) issued an announcement stating that the Cryptocurrency Working Group staff had with Wintermute Trading Ltd. and Morri on March 28Representatives of son Cohen LLP met. The topic of the conference was to solve problems related to crypto asset regulation. Representatives of Wintermute Trading Ltd. and Morrison Cohen LLP provided the accompanying document, which was discussed during the meeting, and Wintermute discussed issues on trading and liquidity provision in the U.S. cryptocurrency market.

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Blockchain application

▌Hyperliquid announced the addition of a full on-chain verifier voting function for asset removal

Golden Finance reported that Hyperliquid announced that its blockchain has been upgraded and has added a full on-chain verifier voting function for asset removal. When sufficient voting is reached for removal, the operation will automatically trigger on-chain execution. This equity-based permissionless voting weighting mechanism is natively integrated in HyperCore and does not require off-chain coordination in technology. As a demonstration of this mechanism, Hyper Foundation validators 2-5 will vote at around 21:00 Beijing time on March 29, 2025 to decide whether to remove the MYRO contract. Hyper Foundation Validator 1 will abstain from the vote before the initial delegation of the participants in the delegation is completed.

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Cryptocurrency

▌The 27.9 million UNI unlocked eight days ago once again transferred 2.5 million UNI to Binance

Golden Finance reported that of the 27.9 million $UNI transferred from the Uniswap time lock contract eight days ago (March 21), another 2.5 million $UNI ($15.31M) flowed into Binance in the past 8 hours. The $UNI unlocked this time has already entered Binance in the past two days. Since entering Binance, UNI price has been -10% (6.8→6.1). It is expected that they will transfer a total of 5 million UNIs to CEX this time, and there are still 1.24 million UNIs ($7.73M) in the address where UNIs is being transferred to Binance.

▌The US spot Bitcoin ETF had a net outflow of US$93.16 million yesterday

Golden Finance reported that according to TraderT monitoring, the US spot Bitcoin ETF had a net outflow of US$93.16 million yesterday.

▌A certain Ethereum ICO participated in the address deposited 1,700 ETH into Binance after 7 years of dormant

Golden Finance reported that according to Onchain Lens monitoring, an Ethereum ICO participated in the address deposited 1,700 ETH (about 3.18 million US dollars) into Binance after 7 years of dormant.

▌Coinbase adds Keyboard Cat (KEYCAT) to the currency listing roadmap

Golden Finance reported that according to the official announcement, Coinbase announced that it would add Keyboard Cat (KEYCAT) to the currency listing roadmap.

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Important economic trends

▌Federal Daly: Still thinks the two rate cuts this year are a reasonable prediction

Golden Finance reported that Federal Daly said that it still thinks the two rate cuts this year are a reasonable prediction.

▌Federal Director Barr: Artificial intelligence may have a significant impact on productivity and the economy

Golden Finance reported that Fed Director Barr said that artificial intelligence may have a significant impact on productivity and the economy.

▌International gold continues to hit a record high

Golden Finance reported that spot gold rose 0.88% to $3,084.25 per ounce; COMEX gold futures June contract rose 0.59% to $3,116.6, a cumulative increase of 2.26% this week; both continued to hit record highs. COMEX silver futures fell 0.82% to $34.795 per ounce, up 3.71% this week.

▌Federal Daly: Friday's PCE inflation data confirmed my view on the decline in confidence in its own benchmark forecast

Golden Finance reported that Federal Daly said that I am 100% focused on inflation issues, and the progress of inflation decline has been stagnant. Friday’s PCE inflation data confirms my view of a decline in confidence in its own benchmark forecast. Stagflation is a tail risk that cannot be ruled out, but it is not from the information channels that are exposed toHear relevant news.

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Golden Encyclopedia

▌What is the teardrop attack in cryptocurrency?

Teardrop attacks exploit the way the system reorganizes fragmented packets by sending overlapping fragments during transmission, and the target system fails to rebuild these fragments correctly, resulting in a denial of service. Furthermore, teardrop attacks can target services related to the blockchain ecosystem, such as wallet providers and cryptocurrency exchanges, rather than the blockchain infrastructure itself. These services rely primarily on continuous communication between users and servers to enable seamless transactions and service availability.

Disclaimer: As a blockchain information platform, the content of the articles published by Golden Finance is for information reference only and is not used as actual investment advice. Please establish the correct investment philosophy and be sure to improve your risk awareness.