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Amid Middle East tensions, the first oil tanker crosses the Strait of Hormuz and arrives at Mumbai Port, India.
Analysis: Bitcoin Rises Against the Trend and Holds Steady Near $70,000 Amid Middle East Conflict and Stock Market Pressure
Odaily reported that, against the backdrop of escalating conflict in Iran and pressure on global stock markets, the price of bitcoin remains resilient, holding around $70,000. Despite persistent pessimism in the crypto market—recently, the Crypto Fear & Greed Index has stayed in the "Extreme Fear" zone, and the annualized funding rate for bitcoin perpetual contracts has remained negative since early March, indicating rising bearish sentiment—bitcoin's price has not seen a significant pullback. Meanwhile, Wall Street's volatility index, the CBOE Volatility Index (VIX), rose to 25 this week, its highest level in over a year. Since the escalation of Middle East tensions on February 28, bitcoin has gained about 7%, outperforming most major assets: the Nasdaq-100 Index is roughly flat, the S&P 500 has fallen about 1%, gold is down about 3%, and silver has dropped nearly 9%. In addition, BlackRock's spot bitcoin ETF, iShares Bitcoin Trust (IBIT), rose about 1% during Wednesday's US stock trading session, while major stock indices such as the Dow Jones Industrial Average generally declined, highlighting bitcoin's relative resilience in a turbulent market environment. Analysts believe that large traders and institutions are continuously accumulating bitcoin through over-the-counter transactions, which may be a key factor supporting price stability. (CoinDesk)
Odaily reported that, against the backdrop of escalating conflict in Iran and pressure on global stock markets, the price of bitcoin remains resilient, holding around $70,000. Despite persistent pessimism in the crypto market—recently, the Crypto Fear & Greed Index has stayed in the "Extreme Fear" zone, and the annualized funding rate for bitcoin perpetual contracts has remained negative since early March, indicating rising bearish sentiment—bitcoin's price has not seen a significant pullback. Meanwhile, Wall Street's volatility index, the CBOE Volatility Index (VIX), rose to 25 this week, its highest level in over a year. Since the escalation of Middle East tensions on February 28, bitcoin has gained about 7%, outperforming most major assets: the Nasdaq-100 Index is roughly flat, the S&P 500 has fallen about 1%, gold is down about 3%, and silver has dropped nearly 9%. In addition, BlackRock's spot bitcoin ETF, iShares Bitcoin Trust (IBIT), rose about 1% during Wednesday's US stock trading session, while major stock indices such as the Dow Jones Industrial Average generally declined, highlighting bitcoin's relative resilience in a turbulent market environment. Analysts believe that large traders and institutions are continuously accumulating bitcoin through over-the-counter transactions, which may be a key factor supporting price stability. (CoinDesk)
Odaily Evening News
1.USDC and Circle CCTP are now live on Morph, supporting standardized cross-chain USD settlement;
2.SEC Chairman: Tokenized securities are still subject to federal securities laws, and distributed ledger technology may bring multiple opportunities to the financial industry;
3.Kalshi has filed a lawsuit against the Iowa Attorney General, occultState, and the Gaming Commission;
4.Tencent responded to the founder of OpenClaw: ClawHub is always marked as the source, and hopes to become a sponsor;
5.The number of code submissions for crypto projects has dropped by 75%, with developers shifting to the AI field;
6.Tokens belonging to the TRUMP team continue to be transferred into a certain exchange, with a total value of $31.7 million deposited;
7.Prosecutors have requested to dismiss SBF's retrial application;
8.The Korea National Tax Service is starting to build a tracking system for crypto investment gains;
9.A wallet dormant for 2 years withdrew 343 BTC worth $23.85 million from an exchange within 2 hours;
10.Alameda unstaked $17 million SOL and transferred it to a bankruptcy account, still holding $321 million SOL.
1.USDC and Circle CCTP are now live on Morph, supporting standardized cross-chain USD settlement;
2.SEC Chairman: Tokenized securities are still subject to federal securities laws, and distributed ledger technology may bring multiple opportunities to the financial industry;
3.Kalshi has filed a lawsuit against the Iowa Attorney General, occultState, and the Gaming Commission;
4.Tencent responded to the founder of OpenClaw: ClawHub is always marked as the source, and hopes to become a sponsor;
5.The number of code submissions for crypto projects has dropped by 75%, with developers shifting to the AI field;
6.Tokens belonging to the TRUMP team continue to be transferred into a certain exchange, with a total value of $31.7 million deposited;
7.Prosecutors have requested to dismiss SBF's retrial application;
8.The Korea National Tax Service is starting to build a tracking system for crypto investment gains;
9.A wallet dormant for 2 years withdrew 343 BTC worth $23.85 million from an exchange within 2 hours;
10.Alameda unstaked $17 million SOL and transferred it to a bankruptcy account, still holding $321 million SOL.
On-chain ETH largest long position's unrealized profit expands to $7 million, with total position size reaching $194 million
BlockBeats News, March 12, according to Coinbob Hot Address Monitoring, driven by BTC rebounding above $70,000, the "ETH Wave Master" address (0xa5b0) has expanded its total floating profit on long positions to $7 million. Its current holdings are about 70,000 ETH, equivalent to $144 million, with an average entry price of $1,991, making it the largest ETH long position on the Hyperliquid platform.
In addition, it also holds a BTC long position worth $49.3 million, with an average price of $68,420. This address is currently the largest long position holder for both BTC and ETH on the Hyperliquid platform. Its ETH long position was opened on February 9, and has not been closed since February 15, maintaining a bullish outlook.
This whale previously established an ETH long position worth over $100 million at the end of last year and fully closed it in February this year. Recently, it has rebuilt its position, continuing its trading style of high-volume swing trading with over $100 million, buying low and selling high. It has repeatedly received funds transferred from Matrixport, suggesting a possible related address.
BlockBeats News, March 12, according to Coinbob Hot Address Monitoring, driven by BTC rebounding above $70,000, the "ETH Wave Master" address (0xa5b0) has expanded its total floating profit on long positions to $7 million. Its current holdings are about 70,000 ETH, equivalent to $144 million, with an average entry price of $1,991, making it the largest ETH long position on the Hyperliquid platform.
In addition, it also holds a BTC long position worth $49.3 million, with an average price of $68,420. This address is currently the largest long position holder for both BTC and ETH on the Hyperliquid platform. Its ETH long position was opened on February 9, and has not been closed since February 15, maintaining a bullish outlook.
This whale previously established an ETH long position worth over $100 million at the end of last year and fully closed it in February this year. Recently, it has rebuilt its position, continuing its trading style of high-volume swing trading with over $100 million, buying low and selling high. It has repeatedly received funds transferred from Matrixport, suggesting a possible related address.
Deploying Next-Generation Optical Communication Technology: UMC Partners with Harvard Startup for Mass Production of TFLN Platform
Analysis: Bitcoin buying is returning, but a breakout above $78,000 is needed to reverse the downward trend
ChainCatcher news, according to Cointelegraph, CryptoQuant data shows that as demand for bitcoin derivatives rebounds, the net taker buy volume for bitcoin indicates buyers are entering the market. Net taker buy volume is an indicator that measures the imbalance of active buying and selling forces in the derivatives market, and since the outbreak of the Israel/Iran war, this indicator has remained positive. This upward trend coincides with bitcoin's recent price recovery to $74,000, suggesting that demand in the derivatives market has returned.
ChainCatcher news, according to Cointelegraph, CryptoQuant data shows that as demand for bitcoin derivatives rebounds, the net taker buy volume for bitcoin indicates buyers are entering the market. Net taker buy volume is an indicator that measures the imbalance of active buying and selling forces in the derivatives market, and since the outbreak of the Israel/Iran war, this indicator has remained positive. This upward trend coincides with bitcoin's recent price recovery to $74,000, suggesting that demand in the derivatives market has returned.
Thyssenkrupp drops over 4%
World Liberty Financial co-founder announces upcoming launch of AI agent payment technology for USD1
Odaily reported that Zak Folkman, co-founder of World Liberty Financial, stated on Wednesday that the stablecoin issuer is preparing to make a major push into the field of autonomous payments by AI agents. This move will enable its stablecoin USD1 to be used in scenarios where future autonomous software agents transact at machine speed. Folkman said the team has been developing related technology behind the scenes, and the upcoming update will completely change people's perception of AI agent autonomous payments. Other developers on the project confirmed that World Liberty Financial is already developing AI agents capable of autonomous payments.
Currently, the total stablecoin market size is approaching $315 billions, doubling since 2022, and USD1 is the fifth largest stablecoin. U.S. Treasury Secretary Scott Bessent previously raised his forecast for global stablecoin adoption to $3 trillions by 2030, while Citi analysts predict the market could expand to $4 trillions by the end of 2030.
Meanwhile, Circle is launching blockchain infrastructure and micropayment features for agent-based transactions, Stripe is developing a blockchain called Tempo dedicated to stablecoin payments, Shopify has integrated stablecoin payments, and an exchange has incubated the open standard x402 for agent-based payments. Meta acquired the social network Moltbook, built specifically for AI agents, on Tuesday, and OpenAI has hired the creator of the autonomous agent framework OpenClaw.
Odaily reported that Zak Folkman, co-founder of World Liberty Financial, stated on Wednesday that the stablecoin issuer is preparing to make a major push into the field of autonomous payments by AI agents. This move will enable its stablecoin USD1 to be used in scenarios where future autonomous software agents transact at machine speed. Folkman said the team has been developing related technology behind the scenes, and the upcoming update will completely change people's perception of AI agent autonomous payments. Other developers on the project confirmed that World Liberty Financial is already developing AI agents capable of autonomous payments.
Currently, the total stablecoin market size is approaching $315 billions, doubling since 2022, and USD1 is the fifth largest stablecoin. U.S. Treasury Secretary Scott Bessent previously raised his forecast for global stablecoin adoption to $3 trillions by 2030, while Citi analysts predict the market could expand to $4 trillions by the end of 2030.
Meanwhile, Circle is launching blockchain infrastructure and micropayment features for agent-based transactions, Stripe is developing a blockchain called Tempo dedicated to stablecoin payments, Shopify has integrated stablecoin payments, and an exchange has incubated the open standard x402 for agent-based payments. Meta acquired the social network Moltbook, built specifically for AI agents, on Tuesday, and OpenAI has hired the creator of the autonomous agent framework OpenClaw.