March 18, 2025 - News in the Crypto World
After experiencing a sharp decline, the price of Bitcoin has found support around $82,000, currently reported at $83,347.83. The total market capitalization has fallen below $2.72 trillion, and the fear index (VIX) has risen to 28, indicating 'extreme fear' sentiment.
Despite the general decline in mainstream cryptocurrencies, TON, DOT, HBAR, LTC, and others are rising against the trend, with TON surging 40% due to the push from the Telegram ecosystem.
In the United States, the SEC's acting chair has instructed staff to re-examine the proposed cryptocurrency custody rules, while also considering the cancellation or modification of proposals for investor asset protection during Biden's term, including those related to cryptocurrencies.
The U.S. Federal Reserve will hold a policy meeting from March 18 to 19, and decisions regarding interest rates will have significant impacts on traditional finance and the crypto market.
China's economic data for January-February has warmed, with total retail sales of consumer goods growing by 4%. Policies are focusing on boosting consumption and stabilizing the stock and real estate markets.
Trump has nominated Bowman to serve as Vice Chair of Supervision at the Federal Reserve, likely leading to relaxed regulations.
The Chicago Mercantile Exchange (CME) has launched Solana futures and plans to compete with the Intercontinental Exchange (ICE) in the crypto derivatives market.
The Singapore Exchange plans to launch Bitcoin perpetual futures in the second half of 2025, limited to institutional clients.
Hashdex has applied to modify its ETF portfolio to include altcoins such as XRP, SOL, and ADA.
OKX (Easydex) is accused of providing a Web3 platform that helps North Korean hacker groups launder money, with the funds primarily coming from the $1.4 billion stolen from Bybit exchange.
Ethereum's Pectra upgrade is planned for implementation in the first quarter of 2025, which will optimize network performance, including allowing users to pay gas fees with different tokens.
Berkshire Hathaway, led by Buffett, has 'as promised' increased its holdings in Japan's five major trading companies, with an average stake nearing 10%.
Summary: Mainstream cryptocurrencies like DOGE and SOL have seen declines exceeding 10% within 24 hours. On-chain data shows that selling pressure mainly comes from long-term holders and miners, rather than ETF investors. As the Federal Reserve's March interest rate decision approaches, market expectations of policy changes may exacerbate the volatility of crypto assets, necessitating vigilance against liquidity tightening risks as the cryptocurrency market undergoes a deep correction.
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