Bitcoin Soars to Break $85,000 Barrier, Then Retraces, Now Trading at $84,280

March 18: Based on market data, in the pre-market trading of the U.S. stock market, the S&P 500 index decreased by 0.29% and the Nasdaq dropped by 0.36%. Cryptocurrency stocks generally declined, including: Coinbase (COIN) with a decline of 1.23%; Tesla (TSLA) down by 1.72%; MicroStrategy (MSTR) decreasing by 1.62%; MARA Holdings (MARA) with a fall of 1.39%; Riot Blockchain (RIOT) down by 1.16%.

On March 18th, according to an official announcement, Binance Futures will make updates to the leverage and margin tiers of the AERGOUSDT, COMBOUSDT, LINAUSDT, and VIDTUSDTU coin-margined perpetual contracts at 22:00 (Beijing Time) on March 18, 2025. Existing positions prior to the update will be impacted, and users are advised to make necessary preparations before the adjustment.

On March 18th, as per official information, the full-stack application Inertia constructed based on Initia has been initiated on the incentive testnet. Inertia is a novel comprehensive DeFi platform that merges various assets from different mainnets onto one single platform. By linking a diverse blockchain ecosystem and assets, Inertia offers a variety of functions on a unified platform, such as modular lending, the issuance and utilization of LRT and LST (Liquidity Staking Tokens), and yield farming, enabling users to effortlessly access and leverage diversified opportunities that are difficult to obtain in a fragmented ecosystem. The Inertia testnet will operate until April 8th. Users can participate by using the official testnet link and offer feedback in their Telegram and Discord communities.

On March 18th, according to official channels, it is announced that on March 19, 2025, MEXC will launch DEX+, an innovative CEX-DEX hybrid product. This enables users to enjoy a seamless one-stop trading experience for both on-chain and off-chain transactions. This development represents a significant milestone for hybrid cryptocurrency trading platforms. With DEX+, users can directly participate in decentralized trading on the MEXC App and website, gaining access to a wide variety of on-chain assets. The initial launch of DEX+ will focus on providing support for the Solana ecosystem, allowing users to trade more than 10,000 tokens from the Raydium and Pump.fun platforms. MEXC also has plans to expand to other DEX platforms and support more blockchain ecosystems in the future.

On March 18th, according to an official announcement, Huobi HTX has launched MUBARAK/USDT and BMT/USDT perpetual contracts with a leverage of up to 20 times. Meanwhile, from March 18th at 5:00 PM (UTC+8) to March 25th at 5:00 PM (UTC+8), Huobi HTX will hold the MUBARAK and BMT contract trading party with a total prize pool of up to $20,000. The event includes: 1. New User Benefits: Users who make their first-ever contract trade of not less than $100 will receive 3 USDT worth of HTX (the prize pool totals 6,000 USDT worth of HTX); 2. Trading Party: Users participating in MUBARAK/USDT and BMT/USDT contract trading with a cumulative valid trading volume ≥$10,000 will be eligible to share $14,000 worth of HTX based on their trading volume ranking.

On March 18th, according to GMGN market information, due to the news of Binance listing, BMT witnessed a short-term surge of more than 50% and is now trading at $0.2655.