BNB breaks through the $550 mark

The ARK Innovation ETF sold 203,659 Block Inc. shares on Tuesday and 323,332 shares of the same company on Monday.Also on Monday, the ARKK fund purchased $9.4 million worth of Coinbase shares.

BTC encountered multiple resistance pressures during the 45 minute custom cycle: Binance's main force opened short by $30.14 million, forming strong selling pressure. Subsequently, the price entered the Vegas channel and CME gap area, while the trading volume showed a stagnant trend and failed to effectively break through the level. At present, the price is returning to the EMA52 moving average. If it falls below, it may test the support of $79650. The data is sourced from PRO's "Custom Cycle" and is for reference only. It does not constitute any investment advice!

On March 12th, according to Onchain Lens monitoring, a whale deposited 1.25 million USDC into Hyperliquid and placed a limit order for 100000 HYPE. In the past 24 hours, it has accumulated 2.5 million USDC deposits, with HYPE's limit orders ranging from $10.15 to $11.6.

Bloomberg ETF analyst James Seyffart said the SEC’s decision delays on a slew of crypto ETFs are standard procedure and won’t affect their likely approval.

According to Decrypt, Cathie Wood, CEO of ARK Invest, stated that the US economy is approaching the end of a "rolling recession" and is about to experience unprecedented productivity growth driven by artificial intelligence (AI) and emerging technologies. She predicts that the US GDP growth rate will reach 7.3% and believes that the largest productivity growth in history is imminent, despite weak short-term economic data. She believes that, AI、 Technologies such as genetic technology, automation, and cryptocurrency will drive global economic change and form a positive cycle with the Trump administration's tax cuts and regulatory easing policies. In addition, she pointed out that since SEC Chairman Gary Gensler stepped down, the US government's attitude towards the cryptocurrency industry is changing, and Washington is ushering in a "digital asset revolution". Wood believes that the current market funds are mainly focused on "MAG7" (the seven major tech giants), but in the future, they will shift towards a wider range of innovative stocks. He specifically mentioned that ChatGPT still dominates, but Elon Musk's Grok is growing faster, and open-source AI models (such as DeepSeek, Meta's Llama, and possible future open-source versions of Grok) will become important trends. However, the market has reacted negatively to her views, with many investors questioning her investment strategy and believing that she is overly optimistic about the Trump administration's economic policies, especially tariff policies and tax cuts that may lead to an expansion of the fiscal deficit. At the same time, the ARK Innovation ETF still lags behind the S&P 500 after a sharp decline in 2022. Nevertheless, Wood firmly believes that the US economy will enter one of the strongest bull markets in history, and has stated that if new technologies such as AI drive deflation, the US will experience unprecedented economic growth.