Bitwise CIO: Market Will See Strong Rally If Fed Eases Up

On March 19th, as per Decrypt, the crypto prediction platform Yeet has successfully concluded a funding round worth $7.75 million. This round was led by Dragonfly, and the angel investors include Luca Netz, the CEO of Pudgy Penguins, Bryan Pellegrino, the CEO of LayerZero, and others. Yeet was founded by well-known figures in the crypto realm such as Michael Anderson (Mando), the anonymous trader Keyboard Monkey, and the professional poker player Ben Lamb. It focuses on the "prediction market for crypto users" and is targeted at the crypto-native community with a high risk tolerance.

On March 19th, as per an official announcement by Solana, the second mobile phone developed on Solana Mobile, Solana Seeker, is currently in the testing phase and is anticipated to commence shipping in the summer of 2025. Solana Seeker is the next-generation Web3 smartphone following its first phone, Solana Saga, which is priced at $500. In contrast to its predecessor Saga, Seeker has witnessed significant hardware enhancements, such as a thinner and lighter design, a more brilliant display, improved camera performance, and longer battery life. Seeker is equipped with a built-in Seed Vault, a self-custodial crypto wallet that is deeply integrated into the hardware. It also comes with an upgraded Solana decentralized app store. Each Seeker phone is accompanied by a unique 'soul-bound' NFT known as the Seeker Genesis Token.

On March 19th, as per the monitoring of OnchainLens, a whale has utilized 971 WETH over the past 2 days to purchase 2.5 million VIRTUAL. Currently, it is facing an unrealized loss of $150,000. Previously, this whale had also engaged in trading VIRTUAL and suffered a loss of $4.46 million.

On March 19th, the Filecoin ecosystem's liquidity staking protocol Glif announced the commencement of the governance token GLF. Currently, 94 million tokens are being distributed through an airdrop, which accounts for 9.4% of the total supply. These tokens will be allocated to GLIF token holders with at least 1 point. Any unused tokens will be returned to the community reward pool.

On March 18th, according to TheBlock, the Chicago Mercantile Exchange (CME) Solana Futures quietly commenced on March 17th. On the first day, the trading volume was only $12.3 million and the open interest was $7.8 million, which is far lower than the previous remarkable performances of Bitcoin and Ethereum futures. K33 Research analysts Vetle Lunde and David Zimmerman pointed out in their latest report that this data reflects the lukewarm attitude of institutional investors towards altcoins. Even if a Solana ETF is approved in the future, its price-boosting effect on SOL may be weaker than market expectations. Bitcoin futures were launched at the peak of the bull market in December 2017, with a first-day trading volume of $102.7 million and an open interest of $209 million. Ethereum futures were introduced in February 2021 at the beginning of the altcoin craze, with a first-day trading volume of $31 million and an open interest of $20 million. Solana futures launched yesterday in a m

On March 18th, Justin Sun announced on the X platform that TRX is scheduled to land on Solana.