Bitunix Analyst: If PCE Inflation Data Comes in Higher Than Expected, it Will Create Short-Term Pressure on the Cryptocurrency Market

On March 31st, Orderly Network, the full-chain derivative liquidity protocol, declared that it is going to commence a scheduled upgrade on April 1st. The downtime is anticipated to last around 3 hours and 30 minutes.

On March 31, as per Decrypt, the Australian Transaction Reports and Analysis Centre (AUSTRAC) has issued a warning to cryptocurrency ATM operators, indicating that such devices might be employed for money laundering and fraud operations. AUSTRAC CEO Brendan Thomas declared that cryptocurrency ATM operators are required to ensure the establishment of robust anti-money laundering mechanisms. According to Coin ATM Radar data, Australia currently has 1,648 cryptocurrency ATMs, which is the highest in the Asia Pacific region. There are 348 in Sydney alone, representing a significant increase from 23 in 2019. Under Australia's anti-money laundering and counter-terrorism financing act, all cryptocurrency exchanges (including cryptocurrency ATM operators) must register with AUSTRAC, conduct Know Your Customer (KYC) checks, monitor transactions, and report cash transactions exceeding 10,000 Australian dollars.

On March 31st, based on CoinGecko data, PAXG had a trading volume of more than $60 million within the past 24 hours. Its current price is $3,140.64, indicating a 0.6% increase in the past 24 hours. Pax Gold (PAXG) is a gold-backed cryptocurrency introduced by the founder of Paxos Standard (PAX).

On March 31st, Ryan Lee, the chief analyst of Bitget Research Institute, pointed out that as the market enters the second quarter, Bitcoin and Ethereum are facing a dual test of macro and technical factors. Currently, BTC is fluctuating within the range of $80,000 to $86,000, while ETH is fluctuating within the range of $1,600 to $2,200. Previously, Trump's proposed 25% tariff policy (scheduled to be implemented on April 2nd for Mexican and Canadian goods) has raised concerns about the re-escalation of a trade war. The correlation between crypto assets and traditional markets has increased, and the correlation between BTC and the Nasdaq has reached 0.67. If the US stock market weakens later, it may drag down the crypto market. ETF fund flows are also showing differentiation: BTC ETFs continue to attract funds, while ETH ETF funds continue to flow out, indicating institutional preference for Bitcoin. Relevant data shows that if ETH drops by 20% from its current price, it will trigger

On March 31st, according to an official announcement, OKX will initiate the GUNUSDT perpetual contract at 9:30 PM on March 31, 2025 (in UTC+8 time zone). The leverage range of the contract is from 0.01 to 20x.

On March 31st, according to Cryptopolitan, the Busan District Court in South Korea imposed prison sentences on three cryptocurrency investment scammers for violating the Specific Economic Crimes Aggravated Punishment Act. The main offender was sentenced to 4.5 years in prison, while the two accomplices received sentences of 3.5 years and 2.5 years respectively. These three individuals carried out illegal cryptocurrency investment activities in a building in Busan in June 2019, claiming to possess an algorithm capable of trading among approximately 1,000 high-quality cryptocurrencies worldwide. They promised investors a monthly return of 30% on their investments. In fact, they had no trading algorithm, and the approximately 610 million Korean won (about $416,000) they raised was used for personal expenditures. The presiding judge emphasized that the defendants took advantage of the public's interest in cryptocurrency investment to commit fraud, undermining trust in the financial syste