The current mainstream CEX, DEX funding rate display indicates that the market is still in a bearish trend.

On March 31st, according to the monitoring of ai_9684xtpa, the GPS buyback address withdrew another 30 million GPS from Binance 15 minutes ago. The value of these GPS is $802,000. Since 03.26, a total of 64.9 million tokens have been repurchased, with a total value of $1.924 million. Based on the withdrawal price, the average buyback price is estimated to be $0.0294. The current buyback progress is updated to 44.33%.

On March 31st, based on on-chain data, the total number of addresses on the Monad testnet has reached 83,922,629. Additionally, 6,010,612 addresses were created in the past 24 hours.

Binance will list FUNUSDT and MLNUSDT perpetual contracts on March 31st.

On March 31st, according to Coinglass data, the current funding rates of mainstream CEX and DEX have rebounded slightly compared to yesterday. This indicates that the crypto market remains bearish. The specific funding rates for mainstream coins are shown in the attached image. BlockBeats Note: The funding rate is a fee set by cryptocurrency exchanges to maintain the balance between the contract price and the underlying asset price. It is usually applied to perpetual contracts and is a fund exchange mechanism between long and short traders. The trading platform does not charge this fee. Its purpose is to adjust the cost or profit of traders holding contracts to keep the contract price close to the underlying asset price. When the Funding Rate is 0.01%, it represents the baseline rate. When the Funding Rate is greater than 0.01%, it indicates a generally bullish market. When the Funding Rate is less than 0.005%, it indicates a generally bearish market.

March 31st: Traders enhanced their wagers on a rate reduction by the European Central Bank. They anticipated that the deposit rate would reach 1.84% by the end of the year, in contrast to the expectation of 1.88% last Friday. (FXStreet)

On March 31st, based on the data from the BlockBeats platform, the current platform traffic (with a 7-day average) has declined to the level that was last seen on January 17th, prior to the release of the meme project TRUMP by the former U.S. President Trump. This suggests that the Crypto craze triggered by that event has now been entirely depleted by the industry.