1. CEX popular currencies
CEX top 10 trading volume and 24-hour rise and fall:
BNB: 1.58%
BTC: -1.26%
ETH: -1.64%
SOL: -3.53%
PDA: 14.99%
DOGE: -3.09%
TRX: 1.13%
CREAM: 1.08%
XRP: -1.46%
ADA: -0.69%
24 H increase list (data source: OKX):
BONE: 36.75%
ACH: 13.80%
SWEAT: 12.78%
KISHU: 12.04%
MENGO: 11.96%
ULTI: 11.42%
WIF: 8.14%
PENDLE: 6.66%
KAITO: 6.38%
DOGS: 6.07%
2. Top 5 popular memes on the chain (data source: GMGN ):
IVANKA
ROGERS
WTFO
TnD
FMCS
3. 24-hour hot search currencies
IVANKA: The name of the IVANKA token is an obvious reference to Ivanka Trump, the daughter of Donald Trump, who is known for her business background and political exposure. The icon shows a blonde woman, which fits Ivanka Trumps public image. The IVANKA token may be designed to use her celebrity effect to attract users who are interested in the crypto market.
Headlines
Trump reiterates promise not to sell seized Bitcoin in US
U.S. President Donald Trump will give a speech at the Digital Asset Summit (DAS) in New York City, where he reiterated that he would not sell the Bitcoin confiscated by the United States and would end regulatory mechanisms such as Operation Stifle 2.0. In addition, Trump also stated that he wanted to make the United States a Bitcoin superpower and the cryptocurrency capital of the world.
Trojan disguised as a cracked version of TradingView is stealing encrypted user data
SlowMist Chief Information Security Officer 23pds warned that the AMOS and Lumma information stealers have recently been spread through Reddit posts, disguised as cracked versions of TradingView, specifically targeting cryptocurrency users to steal wallets and personal data.
This malware can affect Mac and Windows users. Users are advised to avoid downloading unofficial software and improve account security protection.
Pump.fun launches PumpSwap to compete with automated market makers
Pump.fun, the Meme coin Launchpad platform, announced the launch of the PumpSwap service, which will provide users with token swap functions and compete directly with the automated market makers in the Solana ecosystem that specialize in on-chain token transactions. According to the project launch document, the founders of Pump.fun believe that PumpSwap can become the core of the permissionless trading infrastructure for all tokens on Solana, and they have reached agreements with multiple token projects, which will directly establish liquidity on the PumpSwap framework.
Regulatory trends
US SEC: PoW mining does not constitute a securities offering
The U.S. Securities and Exchange Commission (SEC) issued a statement on March 20 that cryptocurrency mining activities based on the proof-of-work (PoW) mechanism do not constitute securities issuance and therefore do not need to be registered under the Securities Act. The statement pointed out that whether miners mine independently or through mining pools, the rewards they receive are direct returns on their computing resource contributions, rather than profits based on the management or operation of others, and therefore do not meet the definition of investment contracts. The SEC emphasized that this recognition only applies to specific types of mining activities, and other transactions involving crypto assets still require case-by-case analysis.
Industry News
Trump warns of possible economic slowdown
Trump said on social media: As US tariffs begin to affect the economy (slowdown), it would be much better for the Federal Reserve to lower interest rates. Do the right thing. April 2 is the Liberation Day of the United States.
Canary Files Form S-1 for PENGU ETF
According to market news: Canary submitted an S-1 form application for PENGU ETF to the U.S. Securities and Exchange Commission.
The Fed has raised the bar for rate cuts, and inflation expectations have been raised twice in a row
Federal Reserve mouthpiece Nick Timiraos wrote that the Feds economic expectations have changed significantly, but interest rate expectations have not yet fully reflected this change, and the threshold for rate cuts is rising.
Fed officials have raised their core PCE inflation forecasts twice in a row, from 2.2% in September 2023 to 2.5% in December 2023, and then to 2.8% in March 2024 (forecast for the end of 2025). Some officials have even raised their inflation forecasts for 2026 and 2027. In addition, 18 of the 19 officials believe that inflation risks are biased to the upside, which means that the Fed may need to see a significant weakening in the labor market before considering a rate cut.
Federal Reserve Chairman Powell said the upward revision in inflation expectations was driven almost entirely by changes in trade policy, and former Fed officials believed that it may be difficult for the Fed to ignore the upward price pressure caused by tariffs, and they may need to wait until more evidence of slowing economic growth emerges before taking action.
The number of initial jobless claims in the United States for the week ending March 15 was 223,000, in line with expectations for 224,000. The previous value was revised from 220,000 to 221,000.
The number of people continuing to apply for unemployment benefits in the United States for the week ending March 8 was 1.892 million, compared with expectations of 1.887 million. The previous value was revised from 1.87 million to 1.859 million.
The four-week average of initial jobless claims in the United States for the week ending March 15 was 227,000, and the previous value was revised from 226,000 to 226,250.
Project News
Monad co-founder Keone Hon said the testnet is back up and running. In addition, 15 new nodes have been added to the network, bringing the total number of nodes to 72. A few nodes are still not online, but should be back online soon. The team is working hard to improve the robustness of the network upgrade.
Runes Protocol will be upgraded with the name “Agents” to support Runes AMM on Bitcoin L1
Ordinals founder Casey announced an upgrade to the Runes protocol, called “Agents,” to implement the Runes AMM on Bitcoin L1.
Agents enable market makers to add liquidity to Runes AMM trustlessly through the interactive transaction construction mechanism, solve transaction problems such as batch splitting and memory pool preemption, and improve user experience. At present, the specific launch date of this function has not yet been announced.
Aave founder Stani.eth posted on the X platform that the community has initiated a proposal to launch a new Aave staking module to enable AAVE repurchase and fee conversion.
Several community users discovered that the Hyperlane Foundation has registered a subdomain of “claim.hyperlane.foundation”, which may mean an airdrop is about to take place.
Investment and Financing
Kraken announces $1.5 billion acquisition of NinjaTrader
Kraken announced the acquisition of US futures trading platform NinjaTrader for $1.5 billion. It can now provide digital asset futures and derivatives services in the United States because NinjaTrader has obtained CFTC registration. In addition, Krakens regulatory licenses in the UK, EU and Australia will help NinjaTrader expand in these regions.
Uranium Digital Completes $6.1 Million Seed Round Led by Framework Ventures
Uranium Digital announced the completion of a $6.1 million seed round of financing, led by Framework Ventures. This financing will accelerate Uranium Digitals establishment of a uranium spot trading platform that uses crypto infrastructure as the backend, and promote the development of a financialized uranium spot market.
Walrus Foundation, the entity behind the Walrus protocol, has raised $140 million by selling its cryptocurrency $WAL. Standard Crypto led the investment, and other investors included a16z, Electric Capital, and Franklin Templeton Digital Assets. The sale valued the total supply of the Walrus protocol cryptocurrency at $2 billion. The project will build a decentralized storage network.
Character Voice
Regarding the vote-rigging in Binances voting to list coins, Binance co-founder He Yi commented that they would ensure the fairness of the vote by clearing out cheating.
Justin Sun: TRX ETF is coming soon
Justin Sun, the founder of TRON, announced on the X platform that the TRX ETF is coming soon.
Arthur Hayes: The US Bank Credit Supply Index is on an upward trend, which is a good sign for BTC
Arthur Hayes, co-founder of BitMEX, posted on the X platform that the U.S. bank credit supply index is on an upward trend (the indicator is customized by him), which is a good sign for BTC. Although it does not mean that the current market downtrend has ended, the possibility of a market turnaround is becoming more optimistic.
Pudgy Penguins CEO Luca Netz posted on X platform that holding Pudgy Penguin NFT is the best way to hold ETH. Since its inception, the return value of Pudgy Penguin NFT has far exceeded staking ETH. Long story short, if you want to maximize the value of your ETH holdings, then use Pudgy Penguin NFT to stake your ETH.
