Matrixport: Bitcoin Finds Support as Fed Turns Dovish and Market Arbitrage Selling Pressure Nears End
On March 24th, Matrixport released its daily chart analysis, indicating that Bitcoin is trying to break through the downtrend. This is benefited from the slightly dovish attitude of the Federal Reserve and Trump's hint at a more targeted tariff strategy. Compared to the past few weeks, these changes have created a more constructive market environment.
Furthermore, as the end of the quarter is approaching, the selling pressure from arbitrage funds may be decreasing. This is because the funding rates remain low and most of the selling has come to an end. Although the current catalysts are not yet strong enough to support Bitcoin reaching a new all-time high, the market outlook has improved significantly.
33 minutes ago
In the last 24 hours, CEX has recorded a net outflow of 1327.66 BTC
On March 24th, according to Coinglass data, in the past 24 hours, there has been a net outflow of 1327.66 BTC from CEX. The top three exchanges with outflows are as follows: Binance, with an outflow of 1240.69 BTC; Bybit, with an outflow of 248.38 BTC; bitFlyer, with an outflow of 162.39 BTC. Additionally, Kraken had an inflow of 302.52 BTC and ranked first in the inflow list.
33 minutes ago
AI Agent Public Chain Hibit Completes $5 Million Funding Round, with Investment from Waterdrop Capital and Others
On March 24th, AI Agent Public Chain Hibit announced the successful completion of a $5 million financing round. This financing round was led by Bochsler Finance, Nvidia, Distributed Shenbo, Droplet Capital, Web3 Venture, Betterverse DAO, Hitters, and many renowned traditional entrepreneurs.
The newly obtained funds will be utilized to further enhance the Hibit ecosystem, encompassing Layer2 infrastructure, Hibit DEX, full-chain interoperability technology, and a deep exploration of the AI Agent economy.
As an independent Layer2 seamlessly linked to the entire chain, Hibit currently encompasses multiple public chains and their ecosystem projects such as TON, Kaspa, Solana, ETH, BTC, BNB, ICP, providing the most secure cross-chain solution (non-cross-chain bridge). In addition, the Hibit DEX, as the first core product of the Hibit Layer2 ecosystem, integrates the advantages of CEX and DEX, achieves a smooth trading experience at the million TPS level, and supports permissionless listin
33 minutes ago
Binance will support the Celo network upgrade and hard fork. Token deposits and withdrawals on the Celo network will be suspended on March 26.
On March 24th, Binance declared its backing for the Celo (CELO) network upgrade and hard fork. In order to make this happen smoothly, the platform will temporarily halt Celo network-related token deposits and withdrawals starting from 9:00 on March 26th, 2025.
This network upgrade and hard fork are anticipated to occur on March 26th, 2025, at 11:00 at block height 31,056,500.
33 minutes ago
Layer 1 public blockchain Pharos has recently launched its testnet
On March 24th, with a focus on TradFi, the Layer 1 public chain Pharos launched its public testnet on March 6th. It invited all developers to build and conduct stress tests on the first EVM-compatible Layer 1 with the goal of achieving 2,000 TPS.
According to its official website, Pharos' founder and CEO, Alex Zhang, previously served as CTO at AntChain. The co-founder and CTO, Meng Wu, was formerly the Chief Security Officer of Ant Financial's Web3 business. The CMO, Laura Shen, was previously the Head of Solana Mobile Marketing at Solana Labs.
BlockBeats previously reported that on November 9, 2024, Pharos completed an $8 million seed round of financing. The financing was led by Lightspeed Faction and Hack VC, with SNZ Capital participating as a strategic investor. Other investors include Dispersion Capital, Hash Global, Generative Ventures, MH Ventures, Zion, and Chorus One.
33 minutes ago
Bitcoin Volatility Reaches 3.65%
On March 24th, based on Coinglass data, the volatility of Bitcoin today rose to 3.65%, reaching the highest level since the end of August of the previous year.
The continuous growth in Bitcoin's volatility partly indicates the increasing uncertainty and illiquidity in the current market. For traders, high volatility means more potential for profit but also higher risks. Additionally, intense fluctuations may be a sign of a trend reversal or adjustment.
33 minutes ago
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