Arthur Hayes: I bet that Bitcoin will surpass $110,000 before retracing to $76,500

March 31 — Latin American e-commerce giant Mercado Libre will shut down its platform token, Mercado Coin, on April 17, wrapping up a nearly four-year user incentive cryptocurrency experiment. At that time, users will no longer be able to buy or sell the token, or earn cashback rewards via purchases. However, they can still sell the token within the app, use it for shopping discounts, or wait for the system to automatically convert it to local fiat currency. Mercado Libre noted it will continue to retain features like stablecoin transfers and cryptocurrency trading, with over $38 million worth of BTC still on its balance sheet.

On March 31st, Glassnode released an analysis showing that the 7-day simple moving average (SMA) of net inflows into U.S. Bitcoin spot ETFs has turned negative since early last week. Recent daily net outflows have ranged between 200 and 500 BTC. While the outflow scale is not large, the persistence of these outflows is a subtle signal that institutional buying interest and demand confidence remain somewhat hesitant at current Bitcoin price levels.

**Resolv Co-Founder Ivan Shares Latest Update on Protocol Security Incident & Recovery (March 31)** On March 31, Resolv co-founder Ivan released the latest update on the protocol’s security incident and recovery process, addressing the following key points: - **Why whitelisted USR users are prioritized for redemption**: Verified wallets let the team complete manual redemptions within 24 hours, minimizing further market disruption. 98% of these redemptions are now finalized. - **How non-whitelisted pre-incident USR holders will be supported**: A 1:1 redemption is committed, with the team wrapping up the technical redemption solution. - **Insider manipulation claims**: The investigation remains ongoing; no evidence of insider involvement has been uncovered to date. - **How post-incident USR holders, LPs, and RLP holders will be addressed**: Next steps include legal, technical, and ecosystem coordination with multiple partners. No single definitive solution exists—only a set o

U.S. President Trump said on March 31 that a war with Iran would not last "too long." (Xinhua)

On March 31, blockchain analytics firm LookOnChain reported that a whale linked to address bc1qh4 transferred 600 BTC (valued at $40.41 million) to Binance after two years of inactivity.

TEHRAN (FX168) — Iran’s Islamic Revolutionary Guard Corps (IRGC) announced on March 31, per Iranian state media, that it will target American companies operating in the region starting April 1 in retaliation for attacks against Iran. The IRGC also warned 18 U.S. tech firms in its statement, including HP, Apple, Google, Tesla, and Microsoft.