It seems that the overlords of the cryptocurrency market are really getting stronger. As the former CEO of Binance, Changpeng Zhao ranks 100th on the "2024 Hurun Global Rich List" with a wealth of 130 billion yuan. This number is really jaw-dropping. The wealth of Coinbase founder Brian Armstrong and Ripple founder Chris Larsen cannot be underestimated, reaching 46 billion yuan and 24.5 billion yuan respectively.
These figures fully demonstrate the huge potential of the cryptocurrency industry and also reflect the return on investment in this field. As the cryptocurrency market becomes more and more recognized, investor enthusiasm for this area is also growing. However, this also means that the cryptocurrency market is becoming increasingly competitive, and only those with true innovation and leadership will stand out in this space. The cryptocurrency market is growing rapidly and has produced many rich people across the globe. However, this industry is still full of challenges and uncertainties, and investors should remain vigilant and treat it with caution.
According to reports, according to monitoring data from HODL15Capital, as of March 26, the spot BTC ETF had a net inflow of US$418 million. Specifically, GBTC experienced a net outflow of US$212 million, while BlackRock IBIT and Fidelity FBTC experienced a net inflow of US$162 million and US$279.1 million respectively.
This data reflects investors’ enthusiasm and willingness to invest in Bitcoin ETFs. In particular, Fidelity FBTC has attracted considerable capital inflows, showing investors' confidence and optimism in the ETF. In contrast, GBTC experienced net outflows, which may be related to investors' changes in their views on the ETF or their increased interest in other investment targets. The net inflow of spot BTC ETF shows investors’ interest and confidence in the Bitcoin market, and also reflects the importance and influence of ETF products in cryptocurrency investment.
Tether’s announcement to expand its strategic focus into the field of artificial intelligence is a notable move. According to reports, Tether will first take action in the field of AI, planning to develop open source, multi-modal artificial intelligence models, aiming to seamlessly integrate artificial intelligence solutions with market-driven products to promote the development of the open artificial intelligence field. This decision shows Tether’s recognition of the potential of artificial intelligence technology and its understanding of its importance in future development. By integrating artificial intelligence technology with its existing products, Tether is expected to improve the intelligence level of its products and provide users with smarter and more efficient services.
In addition, Tether also announced the recruitment of AI-related talents globally, which further demonstrates the company's emphasis on the field of artificial intelligence and its determination to invest resources and energy in this field. Tether's expansion into the field of artificial intelligence has potential and prospects, and is expected to bring more innovation and growth opportunities.
South Africa’s regulator marks a major milestone by issuing its first cryptocurrency license. This move marks the gradual improvement and clarity of South Africa’s regulatory framework for the cryptocurrency field, and also brings new opportunities and impetus to the development of the country’s cryptocurrency industry.
South Africa is aware of the potential of the cryptocurrency industry and has taken a proactive approach towards its legalization and regulation. This not only helps to enhance investor confidence in the field, but also provides companies with a clearer legal basis and room for development. With the first cryptocurrency license issued in South Africa, it is expected that more companies and projects will be recognized by regulatory agencies, further promoting the maturity and development of the South African cryptocurrency market. This also provides a useful example for other countries, encouraging them to strengthen supervision of the cryptocurrency industry and promote the healthy development and continuous innovation of the industry.
The total locked-up volume of the Ethereum Layer 2 network has exceeded US$40 billion, which is an impressive figure. According to L2BEAT data, the total locked position is currently US$40.37 billion, with an increase of 15.97% in 7 days. This reflects the continued growth and traction of the Ethereum Layer 2 network in the cryptocurrency space. Among the top five in terms of total locked-up volume, ArbitrumOne topped the list with $17.48 billion, an increase of 9.69% within 7 days. Followed by OP Mainnet, the locked position reached 8.79 billion US dollars, with an increase of 20.47% in 7 days. Other top five players include Blast, Base and Manta Pacific, which also saw considerable gains.
These data show investors’ confidence and optimism in the Ethereum Layer 2 network. Layer 2 solutions provide a way to expand capacity and optimize performance for the Ethereum network, allowing Ethereum to better cope with increasing transaction volume and user needs. As the Layer 2 network continues to develop and improve, I believe the Ethereum ecosystem will become stronger and bring more possibilities to the entire cryptocurrency industry.
BTC: It closed a cross line yesterday and is now above all moving averages at the daily level. The long-short ratio is at a low level, multiple moving averages at the daily level diverge upwards, MACD golden cross is about to form, and the callback is still shrinking. Based on the above, the short-term outlook is volatile. Strong pressure: near 73,000; near 77,000;
ETH: Linked bits fluctuate upward. Strong pressure: near 3697; near 3850;
Altcoins: The field of altcoins has shown obvious differentiation in recent days. The BTC ecosystem and DEPIN track tokens have generally risen, while other altcoins have basically shown a weak trend. As BTC is about to start a new round of rise, the market may enter the altcoin season. Therefore, at this stage, it is still a good opportunity to find hidden coins, and you need to wait patiently.
Today’s hot sectors: BTC ecology; DEPIN;
The panic index is currently 83 (extreme greed) #BTC🔥🔥🔥🔥