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CryptoQuant: Bitcoin Long-Term Holders Distribution begins, indicating the market has reached a bottom area

2 hours ago

On March 31st, CryptoQuant analyst Crypto Dan noted that Bitcoin’s long-term holder SOPR (Spent Output Profit Ratio) has fallen below 1—meaning even “hodlers” are selling at a loss. Since long-term holders are the least sensitive to short-term price swings, their decision to realize losses signals broader market capitulation. At this point, short-term holders have likely either exited early or absorbed heavy losses. In other words, most market participants are currently in the red. Historically, this setup often leads to selling pressure drying up gradually, forming a market bottom or a zone near long-term lows. While it’s too early to call this an absolute bottom, widespread losses typically mark the final stage of fear—and the start of potential opportunities.
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Uniblock Completes $5.2 Million Funding Round with Participation from SBI

March 31: Blockchain infrastructure provider Uniblock has raised $5.2 million in a new funding round, pushing its total funding to $7.5 million, per Decrypt. Investors in the round include SBI, AllianceDAO, CoinSwitch, Blockchain Founders Fund, Hustle Fund, AAF Management, NGC Ventures, plus strategic backers Alchemy and MoonPay. Uniblock is positioned as a cross-chain "custodial infrastructure layer," offering access to 3,000+ interfaces via a single API connection. Using patented automatic routing technology, it handles node selection, failover, and data normalization across 55 data partners, covering 300+ blockchains. The platform currently serves 3,000 projects and 4,000 developers. Production-environment clients include Plume Network, Stellar Blockchain, Hypernative, Oku Trade, and Apechain—with Plume and Apechain integrating Uniblock as their custodial RPC infrastructure through ecosystem partnerships.

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Stablecoin Clearing Service Provider The Better Money Company Completes $10 Million Seed Round, Led by a16z crypto

March 31 — The Better Money Company, a stablecoin clearing service provider co-founded by former a16z investor Sam Broner, has closed a $10 million seed round led by a16z crypto. Participating investors include BoxGroup, Sunflower Capital, Circle co-founder Sean Neville, former Microsoft executive Charlie Songhurst, and other angel backers. The capital will be used to build a stablecoin clearinghouse and forge partnerships with stablecoin issuers. (Fortune)

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Italy Refuses Landing of US Military Aircraft at Italian Air Base

March 31 — Italy denied landing permission to a U.S. military aircraft at an Italian Air Force base, citing "lack of authorization and a non-routine mission."

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Reuters Significantly Raises 2026 US Crude Oil Average Price Outlook

Per a March 31 Reuters survey, the average 2026 price of U.S. crude oil is forecast at $76.78 per barrel—up from February’s projection of $60.38—while Brent crude’s 2026 average is seen at $82.85/bbl, a jump from the prior month’s $63.85 estimate. (FXStreet)

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Coinbase will list EDGEX (EDGEX) spot trading on the 31st.

March 31 — Coinbase announced via official sources that spot trading for EDGEX will launch on March 31, 2026. The EDGEX-USD trading pair will become available later today if liquidity conditions are met and trading support is confirmed.

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Trump Says Not Ready to Abandon the Hormuz Channel Plan

March 31 — President Trump told CBS on Thursday that he is not ready to halt U.S. efforts to pressure Iran into reopening the Strait of Hormuz, despite disappointing allies by not providing military aid. He claimed Iran has been “destroyed” and downplayed the threat to the strait, adding that other nations should step in to secure oil supplies.

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