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Golden Morning News | Cryptocurrency trading volume plummeted 70%, Bitcoin is restricted by "fragmented" regulatory system in the EU
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2025-03-30 12:01 6,322
Headlines

▌Cryptocurrency trading volume plummeted 70% from its peak after the U.S. election

After the U.S. election on November 5, cryptocurrency trading volume soared to $126 billion amid high market enthusiasm and active speculation. It is currently down to $35 billion, down about 70% from the peak, returning to pre-election levels. The total market value of cryptocurrencies reached about $3.9 trillion at its peak, then fell back to its current level of about $2.9 trillion, down 25%.

▌Bitcoin adoption in the EU is restricted by a “fragmented” regulatory regime

European institutional adoption of Bitcoin is still slow despite the United States’ advancement of landmark cryptocurrency regulations in an attempt to establish Bitcoin as a reserve asset. European companies have mostly remained silent about this since President Trump signed an executive order on March 7, planning to create federal Bitcoin reserves with confiscated cryptocurrencies. According to Elisenda Fabrega, general counsel for Brickken, a European real-world asset tokenization platform, the stagnation may have stemmed from the complex regulatory regime in Europe. She said: "BTC adoption of European companies is still restricted. This hesitation reflects deeper structural differences, and the root cause is regulation, institutional signals and market maturity. Europe has not yet taken a clear position on Bitcoin as a reserve asset." As of press time, according to Coingecko data, BTC's recent transaction price was $82,257.56, up and down -1.7% intraday;

ETH's latest transaction price was $1,814.70, up and down -3.4% intraday;

BNB's latest transaction price was $604.60, up and down -2.4% intraday;

SOL's latest transaction price was $124.84 US dollar, daily increase and decrease of -3.4%;

DOGE's latest transaction price is 0.1684 US dollars, daily increase and decrease of -6.1%;

XPR's latest transaction price is 2.12 US dollars, daily increase and decrease of -2.4%.


▌Japanese economic experts: U.S. tariffs, reverse action, will lead to an overall economic downturn. US President Trump signed an announcement at the White House on the 26th, announcing an additional 25% tariff on imported cars, and the relevant measures will take effect on April 2. This news has attracted widespread attention from Japanese political and business circles, auto companies and media. Eijo Kumano, chief economic analyst at Japan's First Life Economics Institute, said that US tariffs have no positive effect and will bring risks to the global economy.


Blockchain application

▌Trusted AI leading project Privasea opens the official eSIM reservation page

On March 29, Trusted AI leading project Privasea opens the official eSIM reservation page today. It is reported that this eSIM will be combined with its flagship product ImHuMan combines it to provide global digital citizens with a business that integrates identity privacy, communications, payments, etc. Previous news, Confidential AI project Privasea completed its A round of financing at a valuation of US$180 million, with a total of US$15 million in total three rounds. Investors include GSR, Amber and Echo. Early investment institutions include BinanceLabs, OKX Ventures, Nomura’s Laser Digital and Gate Labs. Privasea released the DeepSea test network Beta on January 6. This financing will be used to accelerate the deployment of the main network DeepSea and the research and development of related intelligent agents, and promote the development of human-computer interaction and intelligent agent interaction in fields such as human-computer interaction and intelligent agent interaction.


Cryptocurrency

▌$238 million worth of ETH may face liquidation risks

As the price of ETH falls, the two whales are facing the risk of liquidation again in Maker's 125,603 ETH ($238 million) held by Maker. Health rates have been reduced to $1.07 with liquidation prices of $1,805 and $1,787, respectively.

▌Last year, the proportion of new crypto investors in South Korea accounted for about 33%, and the proportion of Meme coins exceeded half. According to a survey report by local Korean institutions DeSpread and CoinNess on 3,108 Korean crypto investors, after the cryptocurrency market heated up in 2024, the proportion of new investors entering the Korean cryptocurrency market accounted for about 33%. Among them, investors who invested less than half a year were mainly affected by the news of Trump's election, while investors who invested for half a year to one year were mainly attracted by the approval of Bitcoin spot ETFs. Although Korean investors are not familiar with DEX, the investment ratio of meme coins has exceeded half. This is largely due to CEX's active listing of this type of currency. As of February 2025, Bithumb has launched 16 meme coins, including DOGE, TRUMP, PENGU, etc., which are more active than Upbit's 6. About 75% of crypto asset investors in South Korea are optimistic about the price of Bitcoin in 2025, and are generally expected to exceed 150 million won (about 102,000 US dollars).


Important economic dynamics

▌Today's Panic and Greed Index rose 6 points to 32, and is still in a "panic state"

According to Alternative data, today's cryptocurrency Panic and Greed Index was 32 (the index was 26 yesterday), indicating that the market maintains a "panic state".

▌If Trump implements comprehensive tariffs, the dollar will be stronger and unsustainable

Bank of America's foreign exchange analysts Athanasios Vamvakidis and Claudio Piron said in a report,"We believe that the risks are balanced before the next week's deadline arrives. We believe that imposing tariffs on specific products is already the market's expectation. Comprehensive tariffs will be a negative surprise. However, we do not expect the dollar to continue to strengthen in this situation, as the market remains concerned about the U.S. economy slowing down. The implementation of new tariffs may also take time due to logistics difficulties, which will leave room for negotiations."


Golden Encyclopedia

▌What is the teardrop attack in cryptocurrencies?

Teardrop attacks exploit the way the system reorganizes fragment 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.

Keywords: Bitcoin
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