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

On March 18th, as monitored by Onchain Lens, 1 hour ago, pump.fun made a deposit of 196,370 SOL into Kraken. This deposit is equivalent to approximately $25.31 million.

On March 18th, according to official channels, the cryptocurrency project WLFI backed by Trump announced the completion of a total token sale of $550 million. More than 85,000 participants have completed KYC verification. WLFI's "macro strategy" also allocated a variety of digital assets in its strategic reserve plan, such as BTC, ETH, TRX, LINK, SUI, and ONDO tokens. This "macro strategy" may be partially used to support WLFI-funded innovative projects, promote the growth of the ecosystem, and create new opportunities in the rapidly evolving DeFi space.

On March 18th, based on hypurrscan data, the "50x Leverage Whale" previously established a 40x short position on Hyperliquid for BTC at $83,923.2 when the price of Bitcoin was $83,923.2. As Bitcoin witnessed a slight upward rebound along with leverage funding costs, the position is now in a floating loss state, and the estimated liquidation price is $85,565. Before this, a "Whale Hunting Operation" targeting the Hyperliquid 50x Leverage Whale has already commenced, and there is a possibility that Justin Sun may participate in this effort.

On March 18th, U.S. President Trump made a post on Truth Social, announcing the appointment of Michelle Bowman, who is currently a member of the Federal Reserve Board, as the new Vice Chair for Supervision of the Federal Reserve.

On March 18th, according to the report in TechCrunch, Elon Musk's xAI has officially acquired the AI video generation startup Hotshot. This startup focuses on developing AI video generation technology similar to OpenAI's DALL-E. Hotshot announced on its website that it has stopped providing new video production services since March 14th. It is currently unclear whether all Hotshot employees will join xAI.

On March 18th, the cryptocurrency exchange Gemini appointed Dan Chen as its new Chief Financial Officer (CFO), likely in anticipation of an upcoming initial public offering (IPO). Chen previously held the position of Vice President of Capital Markets at Affirm and stated, "Cryptocurrency is the most dynamic industry within the financial sector, and Gemini is at the forefront of this revolution, enabling users to participate in the digital asset market in a straightforward and secure manner."