CZ Makes "Pump" Call on Binance Plaza, Coin Price Surges Over 150%

On March 15th, Markus Thielen, the director of 10x Research, stated that Bitcoin might replay the 2024 trajectory and enter a long period of consolidation after reaching a new all-time high. He pointed out that the current technical chart of Bitcoin presented a "rising wedge" pattern, which is usually regarded as a bullish continuation pattern. However, the current structure showed some signs of weakness, suggesting that the market was in an uncertain state rather than a simple bullish consolidation. Furthermore, Thielen noticed that the U.S. spot Bitcoin ETF market did not show obvious "buy-the-dip" sentiment and lacked new inflow momentum. He believed that most ETF funds mainly came from arbitrage-driven hedge funds, and the consistently low funding rate had reduced investors' willingness to add funds during recent pullbacks. Thielen thought that the short-term outlook for Bitcoin's resumption of the uptrend was still unclear. He advised investors to temporarily close out short pos

On March 15th, Ella Zhang, who is the Head of YZi Labs (formerly Binance Labs), mentioned in an interview with BeInCrypto that although community-driven narratives have offered investors a more equal entry point, they have lost their momentum over time due to weak fundamental factors. Ella Zhang said: "Starting from the end of the first quarter, the interest in venture capital-supported tokens started to decline, while the popularity of Meme coins skyrocketed, resulting in the so-called Meme coin craze. Platforms like Pump.fun are transforming the early-stage altcoin investment, making it more accessible, transparent, and community-driven. These platforms mainly focus on Meme coins, experimental tokens, and community-driven projects, enabling anyone to more easily launch and participate in new crypto assets." However, in recent months, this trend has begun to reverse. Despite the easy accessibility of Meme coins, their short-lived popularity has led traders to return to venture capit

On March 15th, based on CoinGecko data, in the past 24 hours, Upbit's trading volume reached $19.67 billion, which saw a 10.5% decrease compared to the previous period. Among them, the XRP/KRW trading pair ranked first in the Korean won market, accounting for a 26.49% share of the total trading volume. The rest of the top five are: BTC, TRUMP, IOST, and LAYER.

On March 15th, Marc Lasry, the co-founder of Avenue Capital Group and a billionaire, stated that the uncertainty of Donald Trump's policies, particularly regarding tariffs, has hampered investors who wish to take advantage of market opportunities. "When the market is uncertain about what to do, that becomes a problem," the 65-year-old Lasry said on Friday at the Credit Opportunity Symposium of New York University. "In such a situation, an economy cannot avoid being affected. This will only lead to a slowdown in everything and potentially cause the economy to enter a recession." (Golden Finance)

On March 15th, the documentary "Vitalik: An Ethereum Story" is set to be released on April 15th on both Apple TV and Prime Video. It is reported that this documentary traces the journey of Vitalik Buterin and the Ethereum developer community as they strive to build an open and interconnected internet.

March 15th. On-chain data analyst Murphy released statistics on social media, indicating that the ETH chips accumulated from January to February 2025 have a holding cost ranging approximately from $3,200 to $3,500. A cluster of addresses accumulated a large amount at $3,475, with a total of 1.66 million ETH. This group did not sell during the period when ETH dropped to $1,900 but instead purchased more at the dip. Now, they hold 1.94 million ETH with a reduced cost basis of $3,150. In addition, the chips accumulated in mid-February 2025 have a cost basis ranging from $2,600 to $2,800. This group began to sell off as the ETH price fell below $2,300. Currently, only the chips bought at $2,800 and $2,630 remain unchanged, holding 1 million and 850,000 ETH respectively. As the coin price continues to decline, the new demand for ETH gradually weakens, especially when the price falls below $2,000. According to the data, there is almost no new buying power. Murphy explained that the high t