TUT Keeps Rising, Market Cap Surpasses $40 Million Temporarily

On March 20th, as per an official announcement, Value Creation, a real estate and digital transformation company listed on the Tokyo Stock Exchange in Japan, declared that it had invested 100 million yen (approximately 673,900 USD) to acquire 8.02 bitcoins. The purchase price was 12,463,333 yen per bitcoin (approximately 84,000 USD).

On March 20th, as reported by Reuters, Jan Kubicek, a board member of the Czech National Bank (CNB), is "doubtful" about including Bitcoin in the bank's large reserve assets. He raised concerns about its legal ambiguity and the volatility of digital currencies. Eva Zamrazilova, the vice president of the Czech National Bank, also expressed that Bitcoin is not a proper reserve asset. Earlier this year, Ale? Michl, the governor of the Czech National Bank, suggested allocating 5% of its €140 billion reserves to Bitcoin for the purpose of asset diversification.

On March 20th, the cryptocurrency exchange platform Bakkt appointed Akshay Naheta as Co-CEO and Board Member. Previously, Akshay Naheta held senior management positions at SoftBank Group, where he was responsible for overseeing tech investments in ARM, Auto1, Nvidia, and other companies. After leaving SoftBank, he founded Distributed Technology Research (DTR) with the aim of building the next-generation global payment infrastructure. In addition, Bakkt and DTR intend to enter into a commercial agreement to integrate DTR's stablecoin-based payment technology infrastructure with Bakkt's cryptocurrency trading and brokerage technology.

On March 20th, as per Forbes, three executives from Trump Media Technology Group (TMTG) have set up a new Special Purpose Acquisition Company (SPAC). The plan is to raise no less than $179 million to acquire companies in the cryptocurrency, blockchain, or related fields. This company, named Renatus Tactical Acquisition Corp I, is registered in the Cayman Islands. Its leadership has close connections to Trump Media. The CEO, Eric Swider, is a board member of Trump Media. The chairman, Devin Nunes, also serves as the CEO of Trump Media. The COO, Alexander Cano, has previously served as the president of a company that merged with Trump Media. According to the documents submitted to the U.S. Securities and Exchange Commission (SEC), Renatus Tactical will focus on cryptocurrency and blockchain, data security, and dual-use military-civilian technology. The company stated in the filings: "The current administration has taken unprecedented measures to integrate digital assets into the national

On March 20th, as per the official website, the count of active addresses on the Layer 1 blockchain Initia testnet has reached 1.1728 million, and a total of 38,815,783 transactions have been completed.

On March 20th, according to cointelegraph, during the Federal Reserve's interest rate decision, the Hyperliquid with 50x leverage carried out a frenzied operation. It engaged in BTC long and short trades within 3 hours and turned 690,000 USDC into 1,826,000 USDC, achieving a profit of 164%. The specific operations are as follows: 1: Before the announcement of the Fed decision: At 12:00, it opened a short position for 326 BTC at a price of $84,566 (position size $27.6 million), and then at 1:48, it closed at $83,927, making a profit of $215,000. 2: At the moment of the decision announcement: At 2:01, it opened another short position for 256 BTC at $84,404 ($21.6 million), and 6 minutes later, it closed at $83,906, making a profit of $250,000. 3: Reversed to a long position: At 2:10, it opened a long position for 518 BTC at $84,500 ($43.8 million), and at 2:59, it closed at $85,700, making a profit of $620,000. 4: Short position again: At 3:00, it opened a short position for 384 BTC