A Whale Deposits Over 650,000 LINK to Coinbase, Realizing a $3.53 Million Unrealized Gain

March 31st. Since Bitcoin's block reward halving last year, Ethereum's performance has for the first time been inferior to Bitcoin's. The ETH/BTC exchange rate plummeted to a five-year low of 0.02193. This year, Ethereum has decreased by 39% compared to Bitcoin. In May 2020, Ethereum was priced at approximately $200, with Bitcoin being slightly lower than $10,000. Today, Ethereum is priced around $1,800, while Bitcoin is around $82,000. The current downturn resembles the poor performance in 2019, further emphasizing Ethereum's relative weakness, especially when compared to other Layer 1 assets. The SOL/ETH exchange rate has risen by 24% year-to-date, reaching 0.07007. This shows that although the SOL token itself has fallen by 35% year-to-date, its performance against Ethereum is still significantly better by 2025.

March 31st. The NFT trading platform X2Y2 announced that "after three years of splendor and a trading volume of $5.6 billion, X2Y2 will officially close as an NFT market on April 30, 2025." The X2Y2 contract will remain in operation, but the platform itself will stop its operations. X2Y2's CEO said, "Since its peak, NFT trading volume has decreased by 90%. The life and death of a market platform depend on network effects. After three years of striving to reach the top, it's time to let go and build something more lasting. But this is not a farewell; rather, a transformation. In the past year, we have delved deeply into the field of AI and studied how it can cross-pollinate with encryption in a powerful new way. We are building something completely new: providing returns in a decentralized manner driven by AI. It is decentralized, innovative, and designed to cyclically create value - not just follow trends. The X2Y2 token is closely related to our NFT vision, and I won't make it seem

On March 31st, based on Coinglass data, within the past 4 hours, the total liquidation across the network amounted to $39.346 million. The long liquidations totaled $35.821 million, while the short liquidations totaled $3.5246 million.

Update: On March 31st, based on market data, the price of BNB fell below $590 with a 24-hour decline of 3.10%.

On March 31st, according to data from Defillama, the 24-hour revenue of the Ethereum network was $489,926, ranking 19th on the cryptocurrency project revenue leaderboard.
The public chain Tron had a 24-hour revenue of $1.92 million, and Solana had a 24-hour revenue of $1.12 million.

On March 31st, Eric Trump, the son of former U.S. President Donald Trump, declared the formation of American Bitcoin in cooperation with the mining firm Hut 8 Mining, with the intention of establishing a new benchmark for Bitcoin mining. (Golden Finance)