BTC above $92K could lead to a new upward shift

Market overview

Fear and greed index: Increased from 30 on March 23 to 45 on March 24 (moving from fear to a neutral state, likely due to some positive impact from Donald Trump's announcement).

BTC Whale liquidation position: Price at $86,972.4; Liquidation amount: $1.476M.ETH

Whale liquidation position: Price at $2,046.5; Liquidation amount: $261.2K.BTC long/short ratio: Increased from 1.0585 on March 23 to 1.0606 on March 24, a rise of 0.19%.

Total stablecoin market capitalization: $211.04B (slight decrease in total market cap, but Tether issued an additional 1 billion USDT on the Tron network on March 24).

Mainstream market lending rates: AAVE: 4.95%, Compound: 5.14%.

Market overview

Market: BTC shows an overall upward consolidation, with the token price briefly surpassing $87,500. A bullish signal was formed on the 4-hour chart, and the short-term downtrend has temporarily eased. If BTC continues to stay above $86,000, the target remains unchanged at $92,000. A breakthrough above $92,000 could lead to a new upward movement.

Macro: The US Federal Reserve maintained interest rates unchanged on March 19, signaling two rate cuts in 2025. The dot plot shows that nine officials expect two rate cuts in 2025, while the market anticipates three. The Fed has decided to slow down the pace of Quantitative Tightening (QT) starting on April 1, reducing the monthly redemption cap for Treasury bonds from $25 billion to $5 billion. This adjustment is generally seen as a neutral-to-dovish move by the Fed. The US Dollar Index strengthened last week due to increased uncertainty in global economic conditions and tariff policies, leading other currencies to flow into the dollar. Investors' caution drove gold to break a new high of $3,050. Overall, the market is adapting to the economic impact of tariffs on April 2 in the short term, while in the long term, the market is gradually shifting from tightening to easing.

Key events

• Asset manager Fidelity Investments has filed with the US SEC to launch an OnChain US Treasury Fund on Ethereum, competing with BlackRock’s BUIDL, while also registering the Fidelity Solana Fund in US Delaware.
• Japanese listed company Metaplanet has increased its Bitcoin holdings by 150 BTC, bringing the total to 3,350 BTC.
• Web3 security infrastructure provider GoPlus has tweeted a GPS buyback plan, with weekly updates on the buyback activities and token burns to support healthy market development. 
• This week, tokens including SUI, OP, and VENOM will see significant unlock, worth $34.3 million.
• Donald Trump has tweeted that he likes the TRUMP token and thinks it's very cool, which has led to a price surge that briefly saw the token top $12.25.
• According to Arkham data, Wintermute may be the BSC ecosystem memecoin mubarak market maker, holding 7,713,706 mubarak (approximately $969,000).
• According to the Movement Network Discord message, the MoveDrop program will be postponed to optimize ecosystem integration and security audits.
• According to Bloomberg, Coinbase is exploring the acquisition of the bitcoin and ether options trading platform Deribit, and the talks have reached an “advanced” stage.
• Real-time blockchain MegaETH has announced the opening of a public testnet, completing a 190,000 wallet token airdrop in just 15 seconds.
• Kaito founder Yu Hu tweeted that he has purchased 1 million KAITO (approximately $1.4 million) tokens and locked them all, making him the second largest KAITO staker on the chain.
• According to Bernstein, financial services company Robinhood is becoming a major competitor to Coinbase, with both stocks potentially rising.
• Decentralized exchange aggregator on the Solana blockchain Jupiter Spot has added support for trading tokens on PumpSwap, a new decentralized exchange launched by Pump.fun.

Hot projects

Token		Description	Market Cap（$)
	TORN Sanctions lifted	Tornado Cash has been removed from the US Department of the Treasury's Office of Foreign Assets Control (OFAC) sanctions list. Since being added to the sanctions list in August 2022, Tornado Cash has been regarded as a tool for money laundering and illegal activities. Due to compliance pressures, both Binance and Coinbase delisted TORN. The removal of sanctions on Tornado Cash is considered a victory for the cryptocurrency industry.	53 million
	APX Strong recent performance	APX is a decentralized derivatives trading platform in the BSC ecosystem, focused on providing users with efficient and secure cryptocurrency trading experiences. The total supply of the token is 10 billion, with 5.755 billion APX tokens burned in 2022, significantly reducing its supply. There are rumors that APX Finance has merged with Astherus, and Astherus will soon conduct a token generation event (TGE), during which APX tokens will be mapped 1:1 to Astherus's new token.	34.5 million
	PEAQ Launched on Kraken	Peaq Network is a layer 1 blockchain platform focused on decentralized physical infrastructure networks (DePIN) and supply chain management. Kraken announced its listing today, and the network had previously garnered widespread attention due to its partnership with IBM to enhance supply chain transparency.	107 million
	PLUME Strong token performance	Plume is a cryptocurrency focused on real-world assets (RWA), aimed at connecting traditional finance and decentralized finance through blockchain technology. On March 18, YZi Labs announced its investment in Plume, which drove up the token price and quickly increased market attention.	428 million

Exchange updates

• Bybit has listed SIREN/USDT perpetual contracts, with up to 25x leverage.
• Bitget Seed has launched Morning Routine (Routine) and FAT NIGGA SEASON (FAT), while Bitget has listed Nillion (NIL) for pre-market trading, partnered with Berachain to launch an $80,000 BERA airdrop ecosystem event, and introduced the BGBTC Babylon pre-staking event, unlocking BTC rewards and token airdrop benefits.
• On March 22, Banana For Scale (BANANAS31), siren (SIREN), and Mubarak (MUBARAK) were ranked in the top three of the Binance listing vote, while Binance Alpha added Tell A Tale (TAT) and quq (quq), and Binance listed BR/USDT and PLUME/USDT perpetual contracts with up to 25x leverage; Binance Alpha also added AFT (AIFlow), PLUME (Plume), BNBCARD (BNB Card), and Mubarakah (MUBARAKAH), while announcing the delisting of Aergo (AERGO), AirSwap (AST), BurgerCities (BURGER), COMBO (COMBO), and Linear Finance (LINA) on March 28.
• OKX has listed BR/USDT perpetual contracts with up to 20x leverage.

Industry landscape

• Crypto infrastructure provider BetterX has completed a $1.7 million Pre-A funding round, participated in by Grand Prix Capital.
• The International Monetary Fund (IMF) has incorporated Bitcoin into the international balance of payments statistics in its latest Balance of Payments Manual, Seventh Edition (BPM7), marking the first time it has provided detailed guidance on digital assets within its global statistical standards.
• According to blockchain-focused publication Ledger Insights, the Swiss National Bank is exploring synthetic CBDCs, a privately tokenized currency backed by central bank funds.
• Digital asset high-frequency trading firm ABEX has completed a $6 million funding round, led by MMC Ventures.
• Venture capital firm Haun Ventures is planning to raise $1 billion for its two new cryptocurrency funds, with one focusing on early-stage project investments and the other targeting mature crypto businesses.
• According to the business newspaper Hankyung, the Financial Intelligence Unit (FIU) of South Korea is planning to impose sanctions on exchanges that are not registered as Virtual Asset Service Providers (VASPs), targeting exchanges including BitMEX and KuCoin.
• BaFin, the German financial regulatory authority, has prohibited all public sales of Ethena GmbH's USDe, claiming the token violates the European Union's MiCAR regulations and accusing the firm of selling unregistered securities in the region.
• According to WIRED, the Donald Trump administration is planning to rename the United States Agency for International Development (USAID) to the US International Humanitarian Assistance (IHA) and introduce blockchain technology to enhance transparency.

Emerging projects

Token	Routine	OIIAOIIA	Downald
Description	The memecoin on Solana is based on a video uploaded by @tipsformenx, where he showcases his morning routine, which is unreasonable and overly perfect. This sparked a lot of comments and jokes, leading to the creation of numerous memes. The video has now surpassed 930 million views.	The memecoin on Solana is also inspired by the "spinning cat" meme from Web 2.0, which became popular because when a cat watches the spinning cat, it loses control and starts attacking the screen.	The memecoin on Solana is based on Donald Trump complaining on Truth Social about how his portrait looks terrible. This meme coin takes its inspiration from this incident, combining Down syndrome with Trump.
Price	$0.009501	$0.009502	$0.008053
Market Cap（$）	9.5 million	9.5 million	8.05 million
Token Holders	15,694	6,834	9,199

Token	UUU	FORT	TIBBIR
Description	The AI Agent trading platform on BNB Chain has recently gone viral due to its use of bundled trading, severe insider trading, and the exposure of Binance employees engaging in insider trading.	The memecoin on BNB Chain is a dividend token, where holding FORT allows users to earn rewards. Additionally, there are staking opportunities for extra annualized returns.	The AI Agent token issued by Virtuals Protocol on Base combines the concepts of venture capital (VC) and decentralized finance (DeFAI).
Price	$0.008595	$0.004846	$0.03216
Market Cap（$）	8.59 million	48.46 million	32.16 million
Token Holders	892	313	46,820

Other opportunities

Project Name	Mropho（Blockchain：Ethereum） ←→ Token： USDC
Project Details	Hakata USDC: Dynamically adjusts asset allocation, with the current main market allocations being PT-sUSDE-27MAR2025, USD0++, and USDO.
Participation Method	Join Hakutora USDC via Mropho's official website.
Project Information	Mropho: A lending protocol that offers customizable pools, each isolated separately.
Earnings Details	Staked currency: USDC Exit period: T+3 Annualized interest rate: 8.76% (subject to change, returns are USDC + MORPHO management fee) Algorithm: USDC 9.4% + MORPHO 1.09% - Management Fee 1.41%
Product Data	Token: USDC Total token deposits: 51.96M Liquidity: $41.19M 7-day yield: 9.6%

Risk: Investors should proceed with caution and conduct their research.

Disclaimer

The development and market cap of stablecoins mentioned in the above content are speculative and based on market analysis at the time of writing and should not be interpreted as guaranteed outcomes. Market conditions can fluctuate widely and unpredictably due to numerous factors such as regulatory changes, market demand, and global economic developments. 

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