Headlines
▌Bloomberg: Many Bitcoin miners are moving mining machines from the United States to Africa and South America
According to Bloomberg, during the reduction Half a year ago, many Bitcoin miners were moving mining machines from the United States to Africa and South America. Due to low electricity prices, 600,000 S19 machines were being moved. The unit price of these mining machines was once as high as $11,500, which may drop to $350 after the halving. .
▌Sei will launch the Web3 security tool Audit Wizard
Sei announced the launch of the Web3 security tool Audit Wizard on the X platform, with the purpose of providing developers with new Security Assurance, this tool scans for vulnerabilities, uses artificial intelligence to gain insight into security issues, and visualizes the integrity of your code.
Quotes
As of press time, according to coinmarketcap data:
The recent transaction price of BTC was US$66,932.7, with an intraday increase or decrease+1.91%;
ETH’s recent transaction price was US$3,441.9, with intraday changes +1.25%;
< p>BNB’s recent transaction price was US$566.9, with intraday changes
+1.09%;
ORDI’s recent transaction price was US$63.842, with intraday changes +1.41%;
The recent transaction price of DOGE was US$0.1766, with intraday changes +1.17%; p>
SOL’s recent transaction price was US$183.25, with an intraday increase or decrease of +3.98%.
Policy
▌US presidential candidate Kennedy: Cryptocurrency is the best tool to fight inflation
Posted by Watcher.Guru Twitter revealed that US presidential candidate Robert F. Kennedy Jr. (RFK Jr.), who last year announced his intention to accept BTC donations ahead of the 2024 US presidential primaries, believes that cryptocurrencies are the best tool to fight inflation.
Blockchain Applications
▌Cardano once again surpassed Ethereum, Avalanche, Litecoin and Tron in GitHub code submissions
< p>IntoTheBlock data shows that Cardano’s code submissions on GitHub once again surpassed Ethereum and other public chains such as Avalanche, Litecoin and Tron. Between March 11 and 17, Cardano’s code submissions on GitHub were 978,780, exceeding its previous record. Close rivals Ethereum, which recorded 407,170 commits during the same period, Avalanche had 315,770, while Litecoin and Tron had 84,110 and 79,380 commits respectively.
Cryptocurrency
▌Glassnode: Currently long-term Bitcoin holders will Have a greater impact on its supply dynamics
Glassnode analyst Marcin Miłosierny said that the purchasing power of Bitcoin ETFs will outweigh the traditional supply tightening effect expected by Bitcoin’s halving, and the momentum caused by ETFs Asked to react, Bitcoin traders need to balance the historical impact of halvings with the impact of contemporary ETFs on BTC supply and price in the upcoming cycle.
Given recent developments, Miłosierny believes that Bitcoin is entering a stage where long-term holders will have greater influence on BTC supply dynamics, and he believes that traders should monitor market inflation rates for long-term holders , to accurately predict the market.
▌CryptoQuant: Profit-taking caused Bitcoin to pull back 15%, but the bull market is not over yet
CryptoQuant analysts believe that Bitcoin’s bull market cycle is not yet over End, because price valuation indicators are still far from what they were at the top of past bull markets, Bitcoin is entering a period of price correction after rising to an all-time high of $73,700, and miners, "whales" and other market participants, including large investors, are Start selling your Bitcoins for profit.
CryptoQuant also found that unrealized margins surged to 69%, the highest level since March 2021, when BTC was trading at around $60,000. Although traders are selling off assets, unrealized profit margins remain as high as 47%.
▌SOL broke through 180 US dollars
The market showed that SOL broke through 180 US dollars and is now trading at 180.13 US dollars. The intraday increase reached 4.19%. The market fluctuated greatly. Please do risk control.
▌Supply cuts cause TUSD to fall from stablecoin ranking to 8th place
Over the past week, the supply of stablecoin TUSD has decreased significantly, TUSD, which previously ranked among the top five U.S. dollar-pegged cryptocurrencies by market capitalization, is currently in eighth place. The supply had dropped to 1.1 billion on March 19, resulting in a quantity of 612,455,467 TUSD as of March 23.
TUSD is mainly distributed on Ethereum, with approximately 389 million TUSD, and on the Tron blockchain, with approximately 189 million. In addition, there are approximately 2.98 million TUSD in circulation on Avalanche, while BNB Chain has approximately 30.03 million in custody. The reduction in TUSD supply comes on the heels of its challenges in maintaining U.S. dollar parity earlier this year.
▌MerlinSwap: Early traders and LP snapshot is completed, 2.8% of tokens will be distributed
MerlinSwap said on the X platform that early traders and LP Once the snapshot is complete, 2.8% of the tokens will be distributed, this distribution specifically excludes the 0.2% allocated to Merlinstarter and the 1% dedicated to iZUMi Finance beneficiaries.
Important economic trends
▌Gold prices hit record highs, experts call for the need to pay close attention to global central banks’ gold purchases
In March this year, the price of gold hit new highs again and again, with abundant upward momentum. The international gold spot price broke through the US$2,200/ounce mark in one fell swoop, which also attracted great attention from market participants and investors. Ming Ming, chief economist of CITIC Securities, said that "the decline in real interest rates caused by expectations of interest rate cuts by the Federal Reserve" and "strong demand for gold from global central banks" are still important reasons for the recent rapid rise in gold prices. It is clearly emphasized that additional factors still need to be considered to explain such a high upward speed. The tension in the international geopolitical situation is the most important reason to explain the recent rapid rise of gold. Mingming said that next, we need to pay close attention to the gold purchase actions of global central banks. The most important indicator is the change in gold holdings of the Central Bank of China in March. This is an important indicator for observing and judging the market outlook. (Golden Ten Data APP)
Golden Encyclopedia
▌What is a block award?
Block rewards are a key component in supporting the decentralized nature of cryptocurrencies and have enormous symbolic and functional importance. Basically, block rewards are fees paid to crypto miners for adding authorized transactions to the network. This process, known as mining, involves completing challenging mathematical puzzles, increasing the network’s computing power and maintaining the integrity of the distributed ledger.
Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and not as actual investment advice. Please establish a correct investment philosophy and be sure to increase your risk awareness.
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