Odaily Planet Daily News Synthetix and Infinex founder Kain Warwick published an article on the X platform to expose the market manipulation methods of market makers. He said that in the IC0 era, if the project party did not reach an agreement with multiple "market makers", it would be almost impossible to complete financing, and the monthly cost was as high as 50,000 to 300,000 US dollars. Today, these market-making agreements have evolved into option structures. Some market makers manipulate the market through a low float model, shorting at the highest point of TGE, covering at the bottom, and exercising the right to smash the market after pulling the market again. SBF's previous use of a low float model further fueled this arbitrage strategy. Recently, the new gameplay is that the project party sells tokens to the liquidity fund at a discount before TGE, and instructs the market maker to sell directly after the low float pulls the market. DWF Labs once operated Synthetix through a similar method, first buying coins from the treasury to pull the market, and then smashing the market to cash out. There are many ways for project parties to extract value from token buyers. If you see a large amount of tokens being transferred to a “market maker”, be wary, they may just be using you as exit liquidity.”

The market value of USDC, the US dollar stablecoin issued by Circle, has exceeded $60 billion, setting a record high, a year-on-year increase of 100% from $30 billion in March 2024. According to the on-chain distribution, although Circle has issued a large amount of USDC on Solana this year, Ethereum is still the dominant network of the stablecoin, among which: Ethereum has issued about 36 billion, Solana about 10 billion, Base about 3.7 billion, Hyperliquid about 2.2 billion, Arbitrum about 1.8 billion, and Berachain about 1 billion. (The Block)

Britain's Chancellor of the Exchequer, Rachel Reeves, will slash UK government spending by billions of pounds due to tough decisions blamed on global economic headwinds. source: https://www.cryptopolitan.com/rachel-reeves-slashe-uk-spending-by-billions/

Now, Fidelity Investments—one of the biggest names in traditional finance—is making its move. The company is reportedly testing its stablecoin, aiming to scoop a spot in the growing digital … source: https://coinpedia.org/news/fidelity-joins-stablecoin-race-can-it-compete-with-usdt-rlusd/

USDC is distributed across multiple blockchains, with Ethereum holding the most at 36. 2 billion tokens, followed by Solana with 10 billion. source: https://www.theblock.co/post/348161/usdc-stablecoin-supply-surpasses-all-time-high-topping-60-billion-market-cap?utm_source=rss&utm_medium=rss

Odaily Planet Daily News According to BitMart's market report on March 26, the total market value of the cryptocurrency market is 2.86 trillion US dollars, up 0.53% from the previous day. The net outflow of BTC ETF funds was 15 million US dollars, and the net inflow of ETH ETF was 3 million US dollars. The ETF fund flow remained relatively stable. The fear and greed index was 34, which was in the "fear" range. The comprehensive long-short ratio was 0.98. The market sentiment remained neutral in the short term, and the wait-and-see sentiment was strong. Investors need to pay close attention to the subsequent fund flows and sentiment changes.

GameStop's Strategy-like Bitcoin pivot has a mixed reception source: https://u.today/legendary-angel-investor-mocks-gamestops-bitcoin-pivot

This upgrade boosts scalability, improves interoperability, and deepens integration with Ethereum’s ecosystem. Block times have been reduced from 5 seconds to just 1 second, significantly enhancing transaction speed. Additionally, … source: https://coinpedia.org/crypto-live-news/celo-transitions-to-ethereum-layer-2/

According to Odaily, 26 U.S. states have introduced Bitcoin reserve bills, indicating that more than half of the 50 states may adopt Bitcoin. Many of these states propose allocating up to 10% of state funds into cryptocurrencies. Wisconsin has become the first U.S. state to purchase a Bitcoin ETF, with holdings reaching $588 million by the end of the fourth quarter of 2024.

Odaily Planet Daily News: Chris Pavlovski, CEO of Nasdaq-listed video sharing platform Rumble, posted on the X platform that Rumble Wallet will be a tool to help creators monetize better than most advertisers, especially in international markets, and with the help of Tether, please pay attention to the specific release date and time. It is reported that the tweet was also forwarded by Tether CEO Paolo Ardoino, who posted: "A wallet for the people." Earlier news, Rumble announced that it purchased 188 BTC for $17.1 million, with an average price of $91,000. Tether invested $775 million in the company at the end of last year.

The UK’s Financial Conduct Authority (FCA) is concerned about the rise of high-risk crypto investments among individuals under 35. The FCA plans to track the growth of “mainstream investments” by 2030 while using AI to streamline regulations and improve enforcement.

GameStop announced plans to buy Bitcoin as part of a strategy to improve its finances, following in the footsteps of companies like Strategy. Despite facing declining sales, GameStop hopes the Bitcoin investment will boost its stock and long-term financial health.

Michael Saylor, Strategic Executive Chairman, discusses the U.S. Strategic Reserve of Bitcoin, why security holders keep him up at night, and his own economic immortality.

Kentucky has taken a bold step in solidifying its position as a crypto-friendly state. On March 24, Governor Andy Beshear signed House Bill 701, famously dubbed the “Bitcoin Rights” bill, into law.

Huobi Earn Coin has created a safe haven for users to make money without doing anything, thanks to its leading yields, diverse currency selection, and continuously upgraded user experience.

The SEC, led by Hester Peirce, is hosting four public roundtables between April and June 2025 to create clearer regulations for cryptocurrency. The initiative marks a shift from enforcement to a more collaborative approach, engaging with industry experts to address key issues like trading, custody, and decentralised finance.

Aardvark Weather, an advanced AI model using atmospheric data, provides high-resolution forecasts with exceptional accuracy. Developed by UK and Canadian researchers, it promises to revolutionise weather prediction by making it more accessible and efficient.

On March 25, Australian Web3 gaming company Immutable announced that the U.S. Securities and Exchange Commission (SEC) has officially ended its investigation into it.

Pectra will be launched on the mainnet around May 2025, with major improvements including staking, blobs, and account abstraction; Fusaka is scheduled for the end of 2025, with major improvements including PeerDAS, Ethereum object format, etc.

Leaked messages from US officials, including Vice President JD Vance and Defense Secretary Pete Hegseth, criticized Europe as "freeloading" and suggested that Europe should pay for US military operations. This has caused outrage in Europe, with leaders questioning the future of transatlantic relations and the reliability of the US as an ally.