LBank's latest Launchpool project RealtyX (RX) will open registration at 12:00 today

According to BlockBeats, on March 13th, Zhu Su, founder of Three Arrows Capital, posted on social media that "the rise of CeDeFi is the biggest downside of Ethereum, indicating that a large number of open smart contracts that were once envisioned to run on distributed networks are ultimately executed in closed source code on a single server. Ethereum urgently needs to embrace application scenarios that truly require global distributed computing and anti censorship features, with some use cases (such as privacy protection) filled with crypto punk attributes. If Ethereum itself performs poorly, the DeFi revival will be difficult to achieve - in a world of decentralized validators and low demand for smart contracts, off chain solutions will become the mainstream choice due to their cost and efficiency advantages

Odaily Planet Daily News: Renowned trader Eugene stated that he is constantly reassessing the bearish stance of the market, as real large funds are often earned in the long run, and excessively insisting on being bearish may be the biggest mistake. Eugene emphasized that market views need to remain flexible, and new information may change the market landscape at any time. The key is to quickly interpret and adjust strategies. He reminded investors not to be overconfident in any market predictions, but to make corresponding judgments based on real-time data. Previously reported, Eugene pointed out that Bitcoin (BTC) still faces downside risks and may test MicroStrategy founder Michael Saylor's psychological barrier of $66000. He believes that the upward trend or range of BTC has been disrupted in all time frames, with $75000 being the final support. In addition, considering the correlation between BTC and the US stock market, he expects that there will be no reversal in the short term due to comments from Trump, Bessent, or Federal Reserve Chairman Powell.

According to the monitoring of Yu Jin, the "Band Whale", which was once known for its high winning rate of 81% in band trading, has undergone a major change in its operating style recently. It has shifted from stable band trading to high-frequency trading and often switches long and short positions multiple times a day. However, this frequent operation did not bring profits and instead performed poorly. At present, the operation of the "Wave Whale" seems to have been suspended. On March 4th, he spent 58.38 million USDT to purchase 679 WBTCs at an average price of 85964 USD, and also spent 8.8 million USDT to purchase 4212 ETH at an average price of 2090 USD. As of now, these positions are in a floating loss state, with a loss of approximately 2.74 million US dollars.

Odaily Planet Daily News: Renowned trader Eugene stated that the overall trend of Bitcoin (BTC) is still trending downwards, and there has not been enough market panic seen on the high time frame (HTF) to complete the deep cleaning of this cycle. Eugene believes that although BTC has some support around $76000 and may even form a double bottom in the $74000-76000 range, this probability is gradually decreasing. He pointed out that the upward trend or range of Bitcoin has been disrupted in all current time frames, with $75000 being the last important support. In addition, he believes that the market will eventually test MicroStrategy founder Michael Saylor's psychological threshold of $66000 and observe the market's performance at this level. Meanwhile, due to the strong correlation between BTC and the US stock market, he expects no reversal in the short term due to comments from Trump, Bessent, or Federal Reserve Chairman Powell. Eugene also stated that if tonight's US PPI data performs well and drives Bitcoin to rebound above a high of $80000, he may consider shorting at high levels.

Odaily Planet Daily News: Nebraska has begun implementing new cryptocurrency ATM regulations, requiring these devices to provide clear anti fraud warnings to users before transactions. According to The Block, these warnings must be presented in written or electronic form to prevent users from engaging in potential fraudulent transactions without their knowledge. This regulation will take effect on March 13, 2025 and applies to all cryptocurrency ATMs operating in Nebraska. Operators must ensure that users read and confirm these warnings before making transactions. This move aims to raise public awareness of the potential risks of cryptocurrency trading and reduce the occurrence of fraudulent activities. （The Block）