BTC saw fake decoupling from the US Stocks

Market overview

• The US core PPI has dropped to 3.4%, coming in below expectations. With both CPI and PPI lower than anticipated, the probability of a Fed rate cut has increased. However, markets broadly expect interest rates to remain unchanged in next week’s meeting, while expectations for three 25-basis-point cuts in 2025 have risen. Meanwhile, Trump's escalating trade wars with various countries are adding to external pressures. If these disputes intensify, inflation could accelerate, potentially forcing the Fed to rethink its interest rate strategy. Concerns over this dynamic overshadowed the positive PPI data, leading to a sharp decline in US stocks on March 13.
• The stock market downturn triggered a BTC pullback from its $84,000 high to around $80,000. However, improving rate-cut expectations, driven by key economic data, have boosted BTC’s short-term liquidity outlook, allowing it to decouple from equities and rebound quickly. A breakout above the $83,000–$84,000 range could pave the way for BTC to reach the $92,000 liquidity zone.
• BTC’s market dominance has surged to 62.3%, its highest level since the DeFi boom in 2020. This suggests that many altcoins are at historical lows or undervalued. To sustain broader market growth, new sectors and narratives, such as RWA and PayFi, must emerge to replace obsolete projects. A reversal in BTC dominance could signal a shift toward higher profitability across the market.

Key events

• Dan Romero, the founder of the decentralized social media platform Farcaster, has tweeted that Farcaster will partner with ecosystem projects to airdrop tokens to users, aiming to incentivize engagement and participation within the platform's ecosystem.
• Solana ecosystem derivatives protocol Drift has launched a new trading standard, Swift Protocol, to maximize execution speed, minimize slippage, and enable fully gasless trading across both perpetual and spot markets.
• Decentralized access control protocol Lit Protocol has unveiled its LITKEY tokenomics, allocating 4.8% for ecosystem airdrops.
• According to The Block, DeFi protocol Aave has announced the launch of a new initiative called Horizon, designed to develop RWA products that facilitate institutional adoption of DeFi, positioning it as a compliant and scalable bridge between traditional finance and DeFi for institutional engagement with tokenized real-world assets.
• Decentralized trading platform Hyperliquid will implement a 20% margin ratio requirement on transfers from March 15 aims to strengthen risk management after major liquidations, potentially deterring high-leverage traders but enhancing platform stability, while competitors balancing higher leverage with effective risk control may gain an edge.
• According to OnchainLens monitoring,  stablecoin issuer Circle has minted $250 million worth of USDC on the Solana network, reflecting its confidence in Solana, strengthening USDC liquidity, and reinforcing Solana’s position as a high-performance blockchain for DeFi and payments.
• Jupiter co-founder Meow has tweeted that the platform is in its third iteration of smart slippage, known as the Real-Time Slippage Estimator (RTSE), which provides slippage-related signal information.
• According to the Wall Street Journal, the Donald Trump family has held talks to buy a stake in Binance's US arm.
• The Chicago Board Options Exchange (CBOE), on behalf of assets manager Franklin Templeton, has requested the US SEC to list the XRP ETF.
• Computing power RWA project Miners.Club has released its 2025 roadmap, with its Bitcoin computing power RWA application set to launch in late March.
• Solana's dedicated transaction layer Bullet announced on X that it has launched its testnet.

Hot projects

Token		Description	Market Cap（$)
	TMG Fan economy	T-Mac DAO is the first fan-driven autonomous community based on a basketball star’s self-organized support system. In the T-Mac DAO community, anyone can create an exclusive channel and space for their favorite basketball player, connecting with like-minded fans to support their idol, share updates, and organize offline gatherings. Additionally, T-Mac DAO helps fans secure exclusive perks such as star merchandise, limited-edition NFT auctions, and community token airdrops.	53.12 million
	BANANAS31 Musk concept	The token is inspired by the banana sticker on Elon Musk’s Starship 31, carrying a certain commemorative significance. It is currently built on the BSC ecosystem.	26.64 million
	BROCCOLI CZ concept	The token is named after CZ’s dog. After CZ actively promoted the BSC ecosystem, he publicly revealed his dog’s name to boost BSC's visibility, leading to the emergence of multiple projects with the same name. Currently, the BROCCOLI token ending in 6714 has reached a market cap of $41.85 million.	41.85 million
	PNUT Recent token activity	On March 13, crypto exchange Robinhood announced the listing of PNUT, PENGU, and POPCAT, three Solana-based meme coins. PNUT has dropped over 90% from its peak, while its Binance futures open interest remains high.	175 million

BTC ecosystem overview

• BTC Mainnet & Fractal Bitcoin Gas Fees remain at 2 sat/byte (low activity) ⚡.
• Inscription, Rune, and Fractal Bitcoin Leading Token Tracking:

1. ORDI: $8.70 (-0.87%)
2. DOG: $0.0018 (+0.97%)
3. FB: $1.21 (-4.72%)

Exchange updates

• WOO X has launched a Demo Copy feature, allowing users to replicate traders' operations with virtual funds.
• Coinbase International has listed REZ/USDT, GRASS/USDT, and RARE/USDT perpetual contracts.
• Robinhood US has listed Pudgy Penguins ( PENGU ), Popcat ( POPCAT ), and Peanut the Squirrel ( PNUT ).
• Bybit has listed VIC/USDT perpetual contracts with up to 75x leverage and BMT/USDT perpetual contracts with up to 20x leverage.
• Bitget PoolX and CandyBomb have listed Space Nation Oikos (OIK) with a total reward pool of 2.3 million tokens, while Bitget has introduced VIC/USDT perpetual contracts with up to 75x leverage and OIK/USDT perpetual contracts with up to 20x leverage.

Industry landscape

• According to The Block, Gerald Connolly, a senior Democratic member of the US House of Representatives Government Oversight and Reform Committee, wrote to the Treasury Department, urging the Donald Trump administration to halt its plan to establish a national Bitcoin reserve, arguing that it would harm the interests of US taxpayers.
• Crypto payment company MoonPay has acquired stablecoin infrastructure firm Iron for at least $100 million, aiming to expand its financial services with enterprise-grade stablecoin solutions.
• Bitcoin staking platform Solv has raised $10 million for its Bitcoin Reserve Offering (BRO), aiming to build a $100 million BTC reserve.
• According to Cointelegraph, the Turkish Capital Markets Board (CMB) issued two regulatory documents granting it full oversight of CASPs, including crypto exchanges, custodians, and wallet providers, to ensure compliance with domestic and international standards.
• AI-based decentralized user protocol platform PoPP secures $6 million in funding, participated in by Oasis Labs.
• Trailblazing company nunu.ai has completed a $6 million seed funding round, led by TIRTA Ventures.

Emerging projects

Token	WOF	STITCH	PVS
Description	A memecoin on Solana, described as a "dumbed-down" version of WIF.	A memecoin of Solana inspired by Disney's classic animated movie STITCH. Recently, Disney announced the release of a live-action adaptation on May 23.	It is the native token of the Paraverse ecosystem, providing decentralized cloud rendering and Web3 trading infrastructure for XR and 3D assets. Its core product, LarkXR, supports Unreal Engine 5.5, 8K resolution streaming, and WebXR development. Through a modular architecture, it reduces enterprise deployment costs and enhances the efficiency of 3D application distribution. The platform has already integrated over 200 projects and added more than 50 enterprise clients in 2024.
Price	$0.001440	$0.0(10)4468	$0.003433
Market Cap（$）	1.44 million	1.9  million	3.43  million
Token Holders	7,895	3,090	3,160

Token	$1	doginme	4UT1
Description	A memecoin on Solana, it is an experimental token on the Solana blockchain-centered around the "1-dollar investment concept." The project attracts widespread participation by offering an extremely low entry barrier, emphasizing that small-scale holders can also engage in potential projects at an early stage.	A memecoin on Base, its origin traces back to a Farcaster user asking the decentralized social media platform's founder, Dan Romero (DWR), whether he owned a dog. DWR confirmed, and Doginme came to represent the founder’s dog, carrying symbolic significance within the Base ecosystem.	$4UT1 is a philanthropic token on the Solana blockchain dedicated to promoting autism awareness and inclusivity. By leveraging blockchain technology, it provides transparent financial support for related initiatives. Combining charitable efforts with community incentives, the project utilizes a token economic model to engage users in social welfare actions while fostering an active holder ecosystem.
Price	$0.01073	$0.0009074	$0.0013215
Market Cap（$）	10.73 million	61.3 million	1.32 million
Token Holders	89,339	127,394	2,108

Other opportunities

On-chain DeFi mining yield products:

Project Name	USDC（Blockchain: Sui） ←→ Token: USDC
Project Description	Bucket earn USDC: Deposited USDC is converted into BUCK. Staking BUCK activates BSR and grants sBUCK. Depositing sBUCK into the savings pool earns SUI rewards. When borrowing, Bucket Protocol charges a base interest rate plus 0.5% of the withdrawn amount as the issuance fee for BUCK, with fees ranging from 0.5% to 5%. BSR: This is the savings rate function for BUCK. BUCK only generates savings yields when BSR is activated in the staking pool. When BUCK is staked in the pool, it is represented as BUCK receipt tokens.
Participation Method	Participate in earning USDC from the Bucket protocol official website
Project Information	Bucket Protocol: A collateralized debt position (CDP) protocol within the Sui ecosystem. It supports multiple assets as collateral, offers $BUCK stablecoin loans, and features a built-in liquidation mechanism.
Earnings Details	Staked currency: USDC Withdrawal cycle: Instant Annual interest rate: 13.71% (Fluctuates continuously, with a yield of 13.71% SUI + 0.01% BSR (the fixed savings rate of BUCK))
Product Data	Token: USDC Total token deposits: 13M (Including stablecoin assets USDC, wUSDT, wUSDC, and LP tokens)

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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