In the past 12 hours, the entire network has seen $112 million in liquidations, with both longs and shorts getting rekt.

On March 21st, Paul Atkins, the nominee for the Chair of the U.S. Securities and Exchange Commission (SEC), is scheduled to attend a confirmation hearing at the Senate Banking Committee on March 27th. In the event of confirmation, the full Senate will then carry out a final vote. With a background as a former SEC commissioner, Atkins is a proponent of digital assets and previously established a financial compliance consulting firm in Washington. It is anticipated that he will maintain the pro-crypto regulatory stance that was advocated by the Trump administration and succeed former SEC Chair Gary Gensler, who came under criticism for his "enforcement-heavy" approach towards the crypto industry. The same-day hearing will also feature Jonathan Gould, the nominee for Comptroller of the Currency (OCC), an agency responsible for regulating U.S. national banks, which is of great significance for crypto companies seeking bank access and the regulation of stablecoin issuance. Additionally, th

On Thursday, March 21, U.S. stocks closed. The Dow Jones Industrial Average initially dropped by 0.03%. The S&P 500 Index fell by 0.2%, and the Nasdaq declined by 0.3%. Nvidia (NVDA.O) increased by nearly 1%, Pinduoduo (PDD.O) rose by nearly 4%, while Apple (AAPL.O) fell by 0.5% (FX168).

On March 21st, the biopharmaceutical company ATAI Life Sciences announced that it would adopt a Bitcoin financial strategy. It plans to initially invest $5 million to purchase Bitcoin. After this news, ATAI's stock price experienced a brief surge. The company's chairman, Christian Angermayer, stated that the company plans to initially invest $5 million to purchase Bitcoin while also maintaining an adequate amount of cash, short-term securities, and public equities to ensure the company's operating funds until 2027.

On March 21, perhaps influenced by the news that "Coinbase is to add Layer3 (L3) to the asset listing roadmap", L3 witnessed a significant surge of over 20% in a short span. Currently, it is trading at $0.06831.

On March 21st, as per CNBC, CoreWeave's IPO prospectus indicates that the company intends to issue shares at a price ranging from $47 to $55 per share, aiming to raise up to $2.7 billion. It will be listed on Nasdaq under the symbol "CRWV". The company primarily engages in Nvidia cloud computing processors and has customers such as Meta and Microsoft. Revenue is projected to increase by more than 700% to reach $1.92 billion in 2024, with Microsoft accounting for 62%. By the end of 2024, the company will have deployed over 250,000 Nvidia GPUs across 32 data centers. This IPO is being led by Morgan Stanley, and JPMorgan and Goldman Sachs are participating in the underwriting.

On March 21st, likely due to the "Coinbase to Add AltLayer (ALT) to Asset Listing Roadmap" news, ALT experienced a brief surge of over 18% before retreating. Currently, it is trading at $0.038.