Today's crypto news summary: Bitcoin's 888,888 block has been mined. Whale Address has purchased more than 120,000 ETH in the past three days. Bitcoin spot ETF has been in net inflows for 6 consecutive days, and Ethereum spot funds have flowed out

Today's crypto news summary: 1: On-chain data shows that a whale/institution transferred 750,000 AUCTION (US$29.25 million) to Binance within 3 hours, causing its price to plummet from US$57 to US$29. The institution's two previous large-scale currency conversions triggered price pullbacks, and currently holds 750,000 coins (US$23.85 million) on the chain. The agency once held 26% of the total supply of AUCTION, and yesterday it was suspected that the sell-off had been raised, causing the price to halve. 2: After a giant whale holding Bitcoin has been dormant for more than 8 years since the end of 2016, it transferred more than $250 million in BTC last night. Its reserves have increased from $3 million in early 2017 to more than $250 million, and the address has held Bitcoin for more than 8 years. 3: NFT transaction volume fell by 3.19% month-on-month to US$102 million in the past seven days, with the number of buyers and sellers increasing by 71% and 68.57% respectively, with 1.697 million transactions. Ethereum network transaction volume fell 13.03% to $27.7 million, Bitcoin network fell 30.69% to $16.3 million, and Mythos Chain rose 3.12% to $15.6 million. High-priced deals include CryptoPunks #6634 ($431,000) and Azuki #641 ($209,000). 4: The CEO of Pakistan Cryptocurrency Committee proposes to use excess energy for Bitcoin mining. The proposal was discussed at the committee's first meeting, in contrast to the government's previous position against cryptocurrencies. Former financial officials have said cryptocurrencies are never legal, but the government plans to establish a legal framework for crypto trading to attract international investment. 5: A whale deposited 500,000 AUCTION into Binance, and if sold, it would make a profit of US$13.26 million. The whale purchased the tokens for a cost of $7.87 million a month ago and is currently worth $21.14 million. 6: The four-year lawsuit between Ripple and the Securities and Exchange Commission was officially revoked, marking the end of the SEC's regulatory actions on the cryptocurrency industry. This case was initiated by former SEC Chairman Clayton on the day he stepped down. Litigation of several encryption platforms has been resolved or shelved, and may become the final chapter of industry regulatory disputes. 7: ZOTH released an update on the stolen incident, saying it is investigating the on-chain attack, with 73% of the total locked position value guaranteed and detailed reports will be disclosed in the next few weeks. Officials set up a bounty of $500,000 to collect funds to recover clues. Previously, the hacker exchanged 8.8 million USDO++ into 4,223 ETH and deposited the address 0x7b0c…60cf (the current balance is about 4,200 ETH). 8: In the past 24 hours, the entire network contract was liquidated by US$116 million, the short position was liquidated by US$70.9903 million, and the long position was liquidated by US$44.7599 million. Bitcoin and Ethereum respectively lost 11.1095 million and 13.8342 million US dollars, becoming the two mainstream currencies with the highest daily liquidation. 9: The US Bitcoin ETF bought 8775 BTC this week, and miners' output during the same period was 3150. The difference between the two exceeded 5,600 pieces, and the market supply and demand gap further widened. 10: Binance co-founder He Yi responded to the question of "there is a project party buying tickets for others in the voting process", saying: "No one will be removed from the shelves next time." Previously, there were voices pointing out that some project parties bought their own tickets when voting to list coins, and assisted other projects in brushing tickets when voting to list coins. 11: The transaction volume of PumpSwap was 668,000 US dollars in 24 hours, ranking seventh in Solana DEX, accounting for 0.2% of Raydium, 0.04% of Uniswap, and 0.03% of PancakeSwap; its total locked position was US$21.49 million, accounting for 1.87% of Raydium, 0.54% of Uniswap, and 1.28% of PancakeSwap respectively. 12: The dYdX Foundation announced the completion of the DYDX staking delegation rebalancing, aiming to improve the security of dYdX Chain and promote the uniform distribution of staking weights by verifiers. As of March 21, the Foundation held approximately 6.2 million DYDX tokens to be used for delegation. 13: Kaito.AI announced that the 30-day KAITO token application period has ended, and the unapplication of tokens will be converted into creators and users' incentive funds. The suspended account must submit an application through the official Discord, and the platform will initiate a vote to decide whether to provide financial incentives to AI chatbots. 14: Analysts point out that next week's consumer confidence index, GDP and PCE inflation data will affect the Federal Reserve's decision to cut interest rates. If inflation cools down and the economy stabilizes, it may boost investment interest, digital assets such as Bitcoin may rise. 15: Traders expect the market to continue to rise and pay attention to the BTC $84,000 mark, mainly based on Saylor buying and low option pricing. Some investors are preparing for potential short-selling opportunities and discuss whether protective positions need to be set under low implied volatility. 16: Nansen analyst Nicolai Sondergaard pointed out that global tariff concerns continue to put pressure on the crypto market, and if related issues are resolved from April 2 to July, it may become a positive catalyst. Risk assets may remain in a directional fluctuation before the tariff issue is clear. 17: Wintermute currently holds approximately 77.688 million $MUBARAK tokens (worth $966,000) and serves as the token market maker. Its holdings also include $BABYDOGE, $CAT of 18.82 billion and $TUT of 4.549 million. 18: The community is cautious about Bitcoin volatility and pays attention to whether it hits a new low. Members focused on the rational construction of a hedging structure and cost-effective option strategies, emphasizing that the selling price and implied volatility should be taken into account. Most traders tend to make a backup/counter-back-back strategy to reduce reception costs rather than betting on directional fluctuations. 19: UniSat launches the extended wallet v1.5.8 version and adds phishing website detection function. An alert will be triggered when a user visits a reported or blacklisted website, and also fixes signature issues caused by conflicts with other extensions. 20: IOTA launches the decentralized identity framework IOTA Identity Alpha, which provides authentication and secure data exchange functions. The new version is online on the MoveVM test network. Migrating from Stardust VM to MoveVM can enhance on-chain programmability and improve privacy through off-chain verified credentials. 21: Riot Platforms, a Nasdaq-listed Bitcoin mining company, signed a term list and settlement agreement with Rhodium. The subsidiary plans to acquire the latter's Rockdale mine assets for US$185 million, including US$129.9 million in cash, US$6.1 million in power margin and US$49 million in equity. Both parties will revoke all lawsuits and waive claims. Rhodium sold Temple mines after filing for bankruptcy last year, and its miners entrusted to Rockdale were involved in investor class action lawsuits. 22: GMGN mobile terminal is currently only available on Android (supports BSC and Solana chains), and iOS has not yet been released. BSC link users need to log in through a TG account to enable the anti-clip function, and the direct connection of the wallet is not yet supported. Due to security considerations, the private key export function is not available for the time being, and the transfer and withdrawal operation is normal. Due to the surge in traffic, the team is optimizing the real-time push frequency, and users can manually refresh after transactions to temporarily view the latest status. 23: The founder of Custodia Bank said the Fed is reviewing two crypto-friendly banks and sending a large number of examiners, which may hinder its service to crypto companies. Trump will not appoint a new Fed director in January next year, and potential policy differences may lead to conflicts. If the OCC and FDIC overturn anti-cryptocurrency policies and the Fed maintains the status quo, the crypto industry will face challenges. 24: Circle co-founder Jeremy Allaire announced that the Philippine digital currency application GCash mobile wallet has supported USD stablecoin USDC, which users can receive, purchase, hold and trade. GCash is currently preparing for an IPO, planning to raise $1 billion to $1.5 billion and expand its financial products. 25: Bitcoin’s 888,888 block has been mined. The block reaches a six-digit milestone, marking a new stage in network operation. 26: Grayscale Bitcoin Mini Trust today increased its holdings of 62.027 Bitcoins through Coinbase Prime Hot Wallet, worth approximately US$5.19 million. 27: The Bitcoin ISO code domain name "XBT.com" is being auctioned for nearly $2.8 million, ending on March 28. XBT is an ISO certified currency code, similar to gold (XAU). Some exchanges are still in use but have gradually turned to BTC. The auctioneer speculates that celebrities such as Musk may participate in the bidding. 28: Real assets (RWA) tokenization is accelerating, covering areas such as treasury bonds, stocks and real estate. Ethereum is recognized as the dominant ecosystem for the current RWA tokenization. 29: Address 0x80F...8b932 transferred 30 million BMTs (about 5.23 million US dollars) from Binance two hours ago, with a position price of 0.1743 US dollars. Now it is the first on-chain position with this amount. 30: Data shows that Whale Address has purchased more than 120,000 ETH in the past three days, with a total value of approximately US$236 million. 31: In the past 7 days, about 4,131.66 bitcoins have flowed out of the Binance exchange wallet, 2,028.5 bitcoins have flowed out of Coinbase Pro during the same period, and 1,794.6 bitcoins have flowed into the Bybit wallet. 32: El Salvador increased its holdings of 8 Bitcoins in the past 7 days, with a total holding of 6123.18, corresponding to a total value of US$516 million. 33: Hong Kong police launched the "Shijue" operation in Yau Tsing District from March 10 to 19, solving 45 fraud and money laundering cases, arresting 54 people, with a total loss of approximately HK$194 million. The largest single case involved virtual currency investment fraud. The foreign victim was defrauded of HK$72 million and the funds were induced to target bank accounts. The police have arrested two suspects aged 30 and 34 years old. 34: The circulation of USDC increased by about 1 billion in the past seven days, and 3.6 billion were issued and 2.6 billion were redeemed during the period. The current total circulation volume is 59.2 billion, with reserve assets of approximately US$59.5 billion, of which US$7.2 billion is cash, and US$52.3 billion is held by the Circle Reserve Fund. 35: The Swiss National Bank launches a pilot wholesale central bank digital currency for settlement of tokenized securities transactions, and proposes in its annual report to explore private tokenized currencies (synthetic CBDCs) backed by central bank funds. This solution is listed as one of the three options for distributed ledger technology settlement, and the remaining two are wholesale CBDC and traditional payment systems and DLT systems. The Swiss National Bank stressed that it has not yet decided to issue permanent wholesale CBDC. 36: The average loss rate of Bitcoin traders is 13.86%, and historical data shows that this level usually indicates that the market selling pressure may gradually weaken. 37: Bitcoin spot ETF has net inflows for six consecutive days, with a single-day net inflow of US$83.0919 million on March 21. BlackRock IBIT has a net inflow of US$105 million in a single day, with a total inflow of US$39.774 billion; Grayscale GBTC has a net outflow of US$21.8972 million in a single day, with a total outflow of US$22.526 billion. The current net value of Bitcoin spot ETF is US$94.351 billion, accounting for 5.65% of Bitcoin's total market value, and the cumulative net inflow is US$36.048 billion. 38: The preparations for the construction of cryptocurrency mines in the Mogilev region of Belarus have started, and the plan has been supported by President Lukashenko. Previously, Belarus proposed to use excess power capacity to carry out Bitcoin mining. 39: Ethereum spot ETF had a net outflow of US$18.6309 million on March 21, with capital outflows for 13 consecutive days. BlackRock ETHA flowed out of 11.9387 million US dollars in a single day (the total historical inflow was 4.073 billion), and Grayscale ETH flowed out of 6.6922 million US dollars (the total historical inflow was 577 million). The current total net value of ETF is US$6.769 billion, accounting for 2.84% of Ethereum's market value, and the cumulative net inflow is US$2.417 billion. 40: ENA market maker Amber Group recharged $10.35 million ENA to Binance in the past 12 hours, of which 6.96 million ($2.5 million) were transferred from Binance at an average price of $0.3979 two weeks ago, and 21.87 million ($7.85 million) came from the Ethena Claim address between April and July. 41: Fidelity announced that it will launch a tokenized fund to invest in US Treasury bonds, competing with BlackRock's BUIDL. BlackRock BUIDL has previously become the first on-chain fund to manage a scale of more than $1 billion. 42: A holding giant whale (TOP6) bought 6 million LAYERs at an average price of US$0.9559 three weeks ago. It was suspected of clearing the position and stopping profit five hours ago. If it sells all, it is expected to make a profit of US$1.704 million. 43: GMGN and BNB Chain jointly launch the 100 BNB Prize Pool Trading Competition, with the event time from March 20-26 (UTC+8). The top five in the prize pool won 25, 18, 12, 10, and 8 BNB respectively, and 6-50 shared 27 BNB. Users will automatically participate in the competition through GMGN private key transactions (stable coin transactions are not counted in statistics), and the reward will be distributed 7 working days after the competition. 44: A whale released the pledge of 38,821 SOL (about 5 million US dollars) after a year of silence. It initially pledged 35,777 SOLs, and although it made a profit of 3,044 SOLs, it still lost more than US$100,000 due to price fluctuations. 45: The latest "Balance of Payments Manual" of the International Monetary Fund includes cryptocurrencies such as Bitcoin into the balance of payments statement and is classified as non-production assets. This standard divides digital assets into replaceable tokens and irreplaceable tokens, which are distinguished by the corresponding liability situation: liability-free cryptocurrencies (such as Bitcoin) are listed as capital account assets, and liabilities-backed stablecoins are regarded as financial instruments. 46: The U.S. House Financial Services Committee plans to review the draft stablecoin legislation on April 2. Supporters say the move can consolidate the dominance of the dollar and promote payment modernization, opponents are concerned about insufficient consumer protection and lack of deposit insurance mechanisms, and the banking industry warns that stablecoins may cause deposit loss to affect credit. 47: Tether CEO Paolo Ardoino said that he is negotiating reserve audit matters with one of the four major accounting firms. The dollar-pegged cryptocurrency issued by it exceeds US$140 billion. It has only released a quarterly reserve report and has not completed a comprehensive audit. It has not disclosed the specific firm and audit time. 48: Sky Governance approved the reduction of Sky savings rate to 4.5%, which is expected to be implemented at 22:00 (UTC+8) on March 24.