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Ethereum Temporarily Drops Below $1900

1 days ago

On March 17th, according to HTX market data, Ethereum briefly fell below $1900, and the 24-hour price change narrowed to 0.81%.
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US Stock Market Open: Cryptocurrency Stocks Extend Losses, MicroStrategy Plunges by 6.99%

On March 18th, based on market data, the U.S. stock market opened with the S&P 500 Index declining by 0.29% and the Nasdaq by 0.36%. Cryptocurrency stocks opened with increased losses, including: Coinbase (COIN) down by 3.2%; Tesla (TSLA) down by 5.85%; MicroStrategy (MSTR) down by 6.99%; MARA Holdings (MARA) down by 5.16%; Hut 8 Corp. (HUT) down by 5.13%.

4 minutes ago

Analysis: Ethena to Potentially Deploy USDe on Hyperliquid

On March 18th, according to crypto analyst Ericonomic. Based on on-chain data, Ethena has made a purchase of a token named "USDe" on Hyperliquid. Or it may integrate its stablecoin USDe into the Hyperliquid network. The analysis shows that the wallet with the code for purchasing USDe, "0x4758...d605", has funds that can be traced back to the Ethena deployer (EOA), which further confirms the Ethena team's participation. In addition, Ethena recently transferred funds to Hyperliquid and set up 4 to 8 multi-signature wallets, indicating that they may be getting ready for deployment. A relevant proposal was submitted to the Ethena governance forum in October last year, but the team has not officially announced the progress. Currently, Ethena may be waiting to deploy USDe until after the launch of HyperEVM and HyperCore interoperability features.

4 minutes ago

Bitcoin Drops Below $82,000, 24-hour Decline of 1.92%

On March 18th, according to HTX market data, Bitcoin fell below $82,000 and is currently trading at $81,800, experiencing a 24-hour decline of 1.92%.

4 minutes ago

JPMorgan: Bank of Japan Expected to Keep Interest Rates Unchanged, Next Rate Hike Could Be Brought Forward to May

On March 18th, JPMorgan Chase announced that the Bank of Japan will announce its interest rate decision for March this week. It is very likely that the policy rate will stay at 0.50%. Whether important conditions for further rate hikes will be disclosed at the meeting will be crucial in determining the timing of the next rate hike and is worthy of attention. Considering the increased communication from Bank of Japan officials regarding the upside risks to inflation recently, we believe that the possibility of a rate hike may be increased at the next meeting in May, but our base case scenario is a rate hike in June. If the Bank of Japan keeps its policy unchanged, the reaction of the yen exchange rate may be limited. (Kinoko)

4 minutes ago

Greeks.live: Market Sentiment Leans Toward Cautious Neutral, With Most Traders Waiting for a Breakout

On March 18th, Adam, the analyst from Greeks.live, stated on social media that the market sentiment is inclined towards cautious neutrality. The majority of traders think that Bitcoin is in a consolidation stage and requires a breakthrough to determine its direction. Some traders are optimistic about Bitcoin in the short term, while they hold a bearish attitude towards ETH and expect the ETH/BTC exchange rate to continue its downward trend.

4 minutes ago

Stuttgart Stock Exchange's BX Digital Granted Approval to Operate Digital Asset Trading Business

On March 18th, as per CoinDesk, BX Digital, a subsidiary of Stuttgart Stock Exchange in Germany, has obtained approval from the Swiss Financial Market Supervisory Authority (FINMA) to operate a digital asset trading and settlement platform. It thus becomes the first institution in Switzerland to secure such a license. This Zurich-based enterprise will utilize Distributed Ledger Technology (DLT) to operate its trading facility, expediting the transaction processes of tokenized financial instruments. BX Digital will make use of the Ethereum blockchain to facilitate direct asset transfers without the necessity of intermediaries like central securities depositories.

4 minutes ago