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Layer 1 public blockchain Pharos has recently launched its testnet

2 days ago

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.
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Yesterday, the US Bitcoin Spot ETF saw a net inflow of $26.8 million, marking the 8th consecutive day of net inflows.

On March 26th, as per Farside's monitoring, the net inflow of the US Bitcoin spot ETF yesterday was $26.8 million, indicating that it has witnessed net inflows for 8 consecutive days. Among them, the BlackRock IBIT received a net inflow of $42 million.

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Gate.io Launchpool Launches Web3.0 Plants vs Zombies (ZP)

On March 26th, Gate.io will list ZP for spot trading on March 31, 2025, at 14:00 (UTC+8). It will also launch ZP Staking & Mining from April 7 at 15:00 to April 21 at 15:00 (UTC+8). By staking ZP and USDT in the Launchpool, one can participate in the free distribution of 5,681,818 ZP. The ZP pool is anticipated to have an annualized yield of 592.53%, and the USDT pool is expected to have an annualized yield of 52.14%.

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Analysis: Bitcoin's Rebound Could Fall into a "Bull Trap," "Breakout Day" May Be the Key Catalyst

On March 26th, Kirill Kretov, a cryptocurrency trading expert at the automated trading platform CoinPanel, issued a warning: "Investors need to be extremely cautious in the current environment. The market remains fragile and is susceptible to manipulation. Retail participation is low, trading volume is thin, and even the so-called 'smart money' is on the sidelines. The forces with the true ability to drive the market are choosing to remain neutral - and this is no mere coincidence." According to CryptoQuant data, although Bitcoin's price rose to $88,786 earlier this week, its funding rate has turned negative. This indicates that traders are reluctant to pay a premium for opening new long positions in the perpetual contract market, showing signs of a cooling in leverage demand. Augustine Fan, a partner at the cryptocurrency derivatives software provider SignalPlus, stated that clarity regarding the market direction awaits a key policy event on April 2nd: "We anticipate that the market

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Hack VC has launched Group on Echo, a crypto angel investment platform.

March 26th. According to official channels, the crypto VC firm Hack VC announced the commencement of the Echo Group on the crypto angel investment platform Echo. The announcement indicated that the launch of the Echo Group is Hack VC's approach to achieving democratized access and transforming Hack VC into a truly community-aligned VC. In previous news, Coinbase Ventures launched the Base Ecosystem Group this month on the on-chain private investment platform Echo.xyz to provide support to developers.

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Blockchain Game Developer Planetarium Labs Completes $3 Million Fundraising Round, with Participation from Spartan Group

On March 26th, the blockchain game developer Planetarium Labs declared the accomplishment of a funding round amounting to $3 million. Participating in this round were Spartan Group, Immutable, MARBLEX, Comma3 Ventures, Sovrun, 32-Bit Ventures, Notch Ventures, Cristian Manea, Niels de Ruiter, and a group of angel investors. The newly obtained funds are planned to be used to expand the game Immortal Rising 2 ecosystem and make preparations for the upcoming Token Generation Event (TGE).

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Binance Alpha 24-Hour Trading Leaderboard: Fartcoin, mubarak, JELLYJELLY Take Top Three Spots

On March 26th, based on the relevant page information, the 24-hour trading list of Binance Alpha is as follows: The trading volume of Fartcoin reached $15.49 million, and the coin price increased by 3.77% within 24 hours; The trading volume of mubarak reached $12.78 million, and the coin price increased by 6.42% within 24 hours; The trading volume of JELLYJELLY reached $9.68 million, and the coin price decreased by 18.34% within 24 hours; The trading volume of SIREN reached $8.86 million, and the coin price decreased by 22.68% within 24 hours; The trading volume of BANANAS31 reached $8.11 million, and the coin price decreased by 2.12% within 24 hours.

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