Standard Chartered Bank: Ethereum falls into structural recession, lowers year-end target price to $4000

JUST IN: 🇺🇸 Elon Musk says the US government makes "money out of thin air."

Odaily Planet Daily News: According to Lookonchain monitoring, a trader only invested $232 in mubaraks and received a 4860 fold return. He spent 0.4 BNB to buy 10.5 million mubaraks and sold a portion of them for 576 BNB (approximately $363500). The remaining 5.16 million mubaraks (approximately $764000) were kept in three wallets.

The custody rule, proposed under the former Biden administration and when Gary Gensler led the agency, would expand the current custody rule to include any client assets that an adviser has custody over. Acting Chair Uyeda’s move to revisit the rule marks the second time this month that the acting chair has asked the SEC staff to reconsider its rules.

Odaily Planet Daily News: According to application information, there are currently at least 13 Solana based exchange traded products awaiting approval from the US Securities and Exchange Commission, including institutions such as Grayscale, Bitwise, Canary, and 21Shares. However, as Paul Atkins has not yet been officially appointed as the chairman of the US Securities and Exchange Commission, these applications are temporarily pending. ETF Store President Nate Geraci predicted last week that BlackRock will apply for Solana and XRP ETFs, and Bloomberg ETF analysts previously estimated a 70% chance of Solana ETF approval by the end of this year. （The Block）

Odaily Planet Daily News: According to SoSoValue data, the Ethereum spot ETF had a net outflow of $143 million in the previous trading week (March 10th to March 13th Eastern Time) The Ethereum ETF with the highest weekly net inflow last week was the Vaneck Ethereum ETF ETHV, with a weekly net inflow of $1.35 million. Currently, the total historical net inflow of ETHV has reached $138 million. Next is the Invesco Ethereum ETF QETH, with a weekly net inflow of $1.06 million and a total historical net inflow of $21.38 million. The Ethereum spot ETF with the highest net outflow in a single week last week was the Blackrock Ethereum ETF ETHA, with a weekly net outflow of $63.3 million. Currently, the total net outflow of ETHA in history has reached $4.15 billion. Next is the Fidelity Ethereum ETF FETH, with a weekly net outflow of $49.66 million and a total historical net inflow of $1.42 billion. As of the time of writing, the total net asset value of the Ethereum spot ETF is $6.72 billion, and the ETF's net asset ratio (market value compared to Ethereum's total market value) is 2.90%. The historical cumulative net inflow has reached $2.52 billion.