The US stock market closed with the Nasdaq up 2.61%
2025-03-14 20:01
At the close of the US stock market, the Dow Jones Industrial Average rose 1.65%, the Nasdaq rose 2.61%, and the S&P 500 index rose 2.13%.
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08:00
Instantly Soaring BCH Trading Volume Surges 22 Times
The perpetual trading volume of Binance BCH/USDT surged 22 times within 10 minutes, with a transaction volume of 121 million US dollars in the past 24 hours, an increase of 2.06%. A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements.
06:54
Scroll： Expected to upgrade to Stage 1 ZK Rollup in April and establish a security committee
Odaily Planet Daily News: Scroll announced on X platform that it is expected to upgrade to Stage 1 ZK Rollup in April this year. This stage will support mandatory transactions, submission of license free transactions, complete zkEVM certification, and will also establish a security committee composed of industry experts. Previously, Ethereum co-founder Vitalik Buterin expressed his anticipation for more L2 to enter Stage 1. He once posted on the Fellowship of Ethereum Magicians message board that the Stage 0 network calls itself Layer 2 or "Rollup", and all compressed versions of its transactions are released to Ethereum. In Stage 1, Ethereum's network smart contracts will include fraud proof or validity proof schemes, which can prevent developers from publishing invalid state roots. If developers attempt to fraudulently withdraw funds that do not belong to them or prevent users from legally withdrawing, these transactions will normally fail.
06:43
10x Research: Bitcoin may enter another 8-month period of volatility, with the market lacking the momentum to buy on dips
Odaily Planet Daily News: Markus Thielen, head of research at 10x Research, stated that Bitcoin may repeat the trend of 2024 and enter a prolonged period of consolidation after reaching a historic high. He pointed out that the current technical chart of Bitcoin presents a "high-level tight flag" pattern, which is usually considered a bullish continuation pattern, but the current structure shows some signs of weakness, indicating that the market is in an uncertain state rather than a simple bullish consolidation. In addition, Thielen observed that the US spot Bitcoin ETF market has not shown a clear "buy on dips" sentiment and lacks new capital inflows. He believes that the majority of ETF funds come from arbitrage driven hedge funds, and the consistently low funding rates have reduced investors' willingness to add funds in the recent pullback. According to Farside data, since Bitcoin fell below $90000 in early March, US Bitcoin spot ETFs have accumulated outflows of approximately $1.66 billion. The current trading price of Bitcoin is $84290, down 23% from the historical high of $109000 set in January. Thielen believes that it is still unclear whether Bitcoin can recover its upward trend in the short term, and suggests that investors temporarily liquidate their short positions at this stage, but there is still a lack of clear signals to support a strong rebound. Meanwhile, BitMEX co-founder Arthur Hayes predicted on March 10th that Bitcoin may retrace to $78000, and if it falls below that support, $75000 will become the next key position. Iliya Kalchev, a research analyst at Nexo, believes that Bitcoin may form a more sustainable rebound foundation in the low $70000 region. （Cointelegraph）
06:07
The market value of Meme coin has fallen to 5.67% after reaching a high of 9% in November 2024
Odaily Planet Daily News: Ella Zhang, head of YZi Labs, shared a set of trend data on the market value ratio of Meme and non Meme coins: After experiencing drastic fluctuations, the market value ratio of Meme coins increased from 2.5% in February 2024 to 5% in March, and reached a peak of 9% in November 2024. However, since January 2025, this proportion has started to decline and has fallen back to 5.67% in February. Data shows that the Meme coin market rapidly expanded in the second half of 2024, with its market value reaching $111 billion in November 2024, accounting for 9% of the non Meme coin market. But as market sentiment cooled, the proportion fell back to 7.5% in early 2025 and further decreased to 5.67% in February. Analysis suggests that in the long run, the market will still focus on fundamental construction rather than short-term speculative behavior, and the true long-term builders will ultimately emerge victorious.
06:04
Former Ethereum Foundation Engineer: Ethereum and EVM lack a clear and cohesive vision, requiring more decisive leadership
According to Crypto.news, Hari, a former engineer at the Ethereum Foundation, stated that Ethereum and EVM lack a clear and cohesive vision, which has prevented EVM from making progress. It believes that Ethereum needs more decisive leadership, and without such improvements, the only feasible path is "rigidity". In addition, Ethereum needs to reduce its focus on research and focus more on delivery. At this point, Ethereum should reflect on what problems have occurred in the past five years and work hard to solve them. If Ethereum operates in exactly the same way as the past five years without any changes, it will produce exactly the same results.