TON Ecosystem Token Surges, TON Sees 24-hour Price Gain of 20.7%

On March 18th, according to a research report from Derive, a decentralized on-chain options platform, the tranquility in the Bitcoin market recovery might be only temporary and could set the stage for a storm that leads to significant price volatility. Since March 12th, BTC has been maintaining stability within the range of $80,000 to $85,000. This consolidation phase usually occurs after a substantial directional movement. Due to various factors such as President Donald Trump's tariffs and the disappointment over the absence of new purchases for the U.S. strategic BTC reserve, the price has plummeted from above $100,000 to below $80,000 in the past few weeks. With the recent consolidation, key volatility indicators have decreased and approached monthly lows. However, volatility shows mean-reverting behavior, indicating that the low volatility regime may soon make way for price turbulence. (CoinDesk)

On March 18th, Matrixport released a chart today, indicating that although the rapid growth trend of stablecoins in the fourth quarter of 2024 has somewhat decelerated, the overall growth momentum is still ongoing, suggesting that funds are continuously flowing into the crypto market. It is noteworthy that despite the impact of the European MiCA regulatory framework on USDT, the market has not witnessed a large-scale outflow of funds. With the stable increase in stablecoin inflows, the demand for Bitcoin may also rise, further driving up the price.

On March 18th, Gate.io will list Siren (SIREN) for spot trading. The trading will start from March 19th, 2025 at 18:00 (UTC+8). Additionally, from March 18th at 16:00 to March 19th at 16:00 (UTC+8), there will be a HODLer Airdrop. Those who hold 1GT will be eligible for a free airdrop. A total of 2,000,000 SIREN tokens will be distributed, and the individual participation limit is 5,000GT.

On March 18th, according to Ashes Monitor, following the forced liquidation of a 50x leveraged profit-taking whale's short position, the funds were withdrawn from Hyperliquid. Subsequently, 3202 ETH on-chain were purchased with a value of $6.1 million and 1039 PAXG were bought with $3.1 million. The remaining $12.5 million USDC was deposited into Maker.

On March 18th, as per official channels, MEXC has initiated the Tutorial (TUT) U perpetual contract, which offers 1 to 50x leverage and both isolated and cross-margin modes. The TUT spot trading was initially launched on the MEXC Meme+ trading section at 21:30 (UTC+8) on March 17th. Since its launch, the price of TUT has witnessed a rapid increase. The highest price has broken through $0.03, and the market capitalization has exceeded 25 million. According to CMC data, MEXC's 24-hour TUT spot trading ranks first among centralized exchanges.

On March 18th, according to FTX creditor representative Sunil, scammers have recently been impersonating FTX and sending phishing emails to creditors. Sunil reminded creditors as follows: 1) Do not click on any links within the email, as these links may direct you to a fake claims portal. 2) Verify the sender's email address. 3) Access the official claims portal or official website directly instead of using email links. 4) Verify information through X (formerly Twitter) and Telegram channels.