Today's news tips:
1. Macroeconomic outlook for next week: Trump's "bitter tactics" force the Fed to cut interest rates, and the super central bank is coming this week
2. Pakistan establishes cryptocurrency committee to regulate blockchain and digital assets
3. Telegram founder Pavel Durov is allowed to leave France and move to Dubai, Toncoin (TON) rises 20%
4. Binance Alpha launches mubarak
5. Kaito AI and its founder Yu Hu’s X account were hacked, but control has been restored and the wallet was not damaged
6. The total profit of the first address on the Mubarak list has increased to $568,000, with a return rate of 493 times
7. The cumulative net inflow of US spot Bitcoin ETFs has fallen to the lowest level since January 2
8. In the past 7 days, NFT transaction volume decreased by 7.84% month-on-month to US$109.2 million, and the number of buyers and sellers increased by more than 400%.
Regulatory/Macro
For gold investors, this week is a week worth "recording in history". In a world full of uncertainty, gold broke through the important $3,000 mark for the first time on Friday as investors chased the historic surge in this safe-haven asset to seek to avoid the economic uncertainty caused by US President Trump's tariff war. Next week, global investors will usher in a "super central bank week" when the Bank of Japan, the Federal Reserve, the Swiss National Bank, the Swedish Central Bank and the Bank of England will announce interest rate decisions one after another. The following are the key points that the market will focus on in the new week:
At 20:30 on Monday, the U.S. February retail sales monthly rate and the New York Fed manufacturing index in March
At 02:00 on Thursday, the Federal Reserve FOMC will announce its interest rate decision and a summary of economic expectations.
At 02:30 on Thursday, Federal Reserve Chairman Powell held a monetary policy press conference
At 20:30 on Thursday, the number of initial jobless claims in the United States for the week ending March 15, the U.S. current account in the fourth quarter, and the Philadelphia Fed manufacturing index in March
At 21:05 on Friday, FOMC permanent voting member and New York Fed President Williams delivered a speech
The most important thing next week is the Federal Reserve's interest rate decision on Thursday. In addition to the interest rate decision, statement and press conference, the committee will also release updated economic forecasts, including a new "dot plot". Since the market generally expects that it will not take any action before June, the focus may be firmly on the dot plot. Some analysts expect that this so-called "economic panic" is a "bitter tactic" of the Trump administration to try to force the Federal Reserve to lower its posture and cut interest rates as soon as possible. Former Lehman Brothers trader Larry McDonald also expects that Trump is deliberately creating a recession in order to force the Federal Reserve to cut interest rates and reduce the interest expenses of the US government.
Pakistan Creates Cryptocurrency Committee to Regulate Blockchain and Digital Assets
The Pakistani government has established the Pakistan Cryptocurrency Commission (PCC) to oversee the integration and use of blockchain technology and digital assets in the country's financial sector. The PCC's agenda includes developing clear regulatory guidelines for cryptocurrency adoption, collaborating with international cryptocurrency and blockchain organizations, and promoting responsible innovation. The commission will also focus on consumer protection and financial security through a sound legal and compliance framework.
Finance Minister Muhammad Aurangzeb will chair the committee, leading a diverse committee that includes senior officials from key financial and regulatory agencies. The leadership, which includes the Governor of the State Bank of Pakistan, the Chairman of the Securities and Exchange Commission of Pakistan (SECP), and the Federal Ministers of Law and Information Technology, aims to ensure a comprehensive approach to regulatory oversight, financial stability, and technological advancement.
Pakistan is currently one of the countries with the highest cryptocurrency adoption rate, with an estimated 20 million active cryptocurrency users and cryptocurrency trading volume exceeding $20 billion.
Viewpoint
A survey result released by crypto asset management company Grayscale and Harris Poll shows that more than a quarter (26%) of high-net-worth Americans with investable assets of $1 million or more currently hold cryptocurrencies, and nearly two-fifths (38%) expect to include cryptocurrencies in their investment portfolios in the future. The data shows that after the spot cryptocurrency ETP was approved at the beginning of last year, high-net-worth investors paid more attention to the economic situation and were more confident in investing in cryptocurrencies.
Bitcoin needs to close above the key $81,000 weekly line to avoid more downside volatility ahead of next week's Federal Open Market Committee (FOMC) meeting. Bitget Research chief analyst Ryan Lee said that a close above $81,000 this week will be key to avoiding further declines for Bitcoin. Staying above that level will indicate resilience, but a break below $76,000 could trigger more short-term selling pressure. According to the latest estimates from CME Group's FedWatch tool, the market currently expects a 98% chance that the Fed will keep interest rates steady.
Francois Villeroy de Galhau, a member of the European Central Bank's Governing Council, said that the United States' support for cryptocurrencies and non-bank finance risks triggering the next financial emergency. In an interview with the French weekly "Sunday Tribune", he said: "The United States is at risk of committing a crime of negligence. Financial crises often originate in the United States and spread to other parts of the world. By encouraging crypto assets and non-bank finance, the US government is sowing the seeds of future turmoil." Galhau added that European regulation is more secure and said there is no risk of a banking crisis in the European Union.
Project News
Binance Alpha Launches Mubarak
According to the official page data, Binance Alpha has launched mubarak.
Telegram founder Pavel Durov allowed to leave France and move to Dubai
Telegram founder Pavel Durov has been granted permission by a French court to leave France and move to Dubai. The exact terms of the court ruling are unclear, but Pavel Durov's relocation has reignited debate about jurisdiction, privacy, and the responsibility of tech leaders to combat illegal activity on their platforms. Unconfirmed reports say Pavel Durov has either settled his case in France or received permission to leave the country while his court case is pending.
TON Foundation confirms Pavel Durov has obtained his passport
The TON Foundation posted on the X platform that it has confirmed that TON founder Pavel Durov has obtained his personal passport and has been allowed to leave France freely. The TON Foundation stated that as part of the decentralized TON community, it will continue to support Pavel Durov.
Kaito AI and its founder Yu Hu's X account was hacked last night, and its price fell nearly 10% before rebounding. Kaito AI founder Yu Hu said: "We have regained control of the X account, the KAITO wallet is safe and has not been hacked. We are currently investigating how the hack occurred."
Kaito AI founder Yu Hu tweeted that he deleted the tweet and changed his password after discovering that the hacker had posted a fake tweet. Currently, no new login history/device is shown on X; no new X login notifications in emails; never logged out of his account or Kaito's account during the whole process; so far, it is an isolated X hack (discord, email, personal wallet, etc. seem to be fine); always enable hardware 2FA, always maintain top opsec (no downloads or clicks on any strange links).
According to the official announcement, Binance Wallet tweeted that Binance Alpha is an observation area for Binance coins. Once a project in it is listed on the Binance spot market, the project will no longer be displayed on Binance Alpha.
Since the launch of the Binance Alpha platform, 7 popular tokens have been listed on Binance spot, including COOKIE, AIXBT, CGPT, Cheems, TST, SHELL, and GPS.
Market News: ZKasino team members are suspected of launching a new project WhiteRock
According to crypto KOL He Bi’s disclosure on the X platform, Prometheus, the controller and co-founder of the multi-signature wallet of the ZKasino team, who once swindled more than 10,000 ETH, is suspected of launching an on-chain brokerage project WhiteRock under a new identity, reminding users to pay attention to safety.
Related reading: ZKasino accused of soft Rug: more than 10,000 ETH were forced to "donate", and the founder was "torn apart" by his former employer
Important data
According to @ai_9684xtpa's monitoring, due to the good news of the listing on Binance Alpha, the market value of $mubarak briefly exceeded 50 million US dollars. The total profit of the number one address 0x970...0a710 has increased to 568,000 US dollars, with a return rate of 493 times. Two days ago, the address spent 1,153 US dollars to buy 20.84 million tokens at a low price of 0.00005533 US dollars. Currently, 62% of the holdings have been sold, and the remaining 13 million tokens still have a floating profit of 566,000 US dollars. This address does not seem to be an insider address, because he has bought almost all the memes named mubarak.
Cumulative net inflows into U.S. spot Bitcoin ETFs have fallen to their lowest level since January 2
In February, US spot Bitcoin ETFs had only 5 days of net inflows, and only 1 day of net inflows so far in March, and the total cumulative net inflows of ETFs since the beginning of 2025 have been basically wiped out. SoSoValue data shows that the current cumulative net inflows of these funds are $35.2 billion, which is only $200 million more than the $35 billion on January 2, 2025 (the first trading day).
Trump family crypto project WLFI bought $2 million of AVAX and MNT respectively 2 hours ago
According to on-chain analyst Ember, the Trump family-backed DeFi project WLFI purchased AVAX and MNT 2 hours ago:
- Spent 2 million USDT to buy 103,911 AVAX at an average price of $19.25
- Spent 2 million USDT to buy 2.45 million MNT, with an average price of $0.81
At present, the WLFI investment portfolio has spent a total of about $340 million to purchase 11 tokens, and the overall floating loss is about one-third (about $115 million), including ETH, WBTC, TRX, LINK, AAVE, ENA, MOVE, ONDO, SEI, AVAX and MNT. ETH accounts for more than half (58%) of the entire investment portfolio, and the loss of ETH alone is about $88 million.
According to Spot On Chain monitoring, the BTC short position of "Hyperliquid 50x leveraged whale" has increased to 3,941 BTC (US$331.8 million):
- Entry price: $84,040.8
- Liquidation Price: $85,290
- Floating loss: $8.368 million
The whale bought 1,692 BTC (about $110 million) between $58,664 and $69,414.
According to monitoring by on-chain analyst Ember, the whale/institution that withdrew $AUCTION withdrew another 365,000 AUCTION (US$9.62 million) from Binance through an address in the past two days.
Now the whale/institution has withdrawn 25% of the total AUCTION (1.866 million AUCTION) from Binance through 4 addresses, worth 49.4 million US dollars. Currently, there are only 706,000 AUCTION (9%) left in the Binance address.
CryptoSlam data shows that this week's NFT transaction volume fell 7.84% from the previous week, from $121.5 million to $109.2 million. The number of buyers soared 697.00% to 204,693; the number of sellers jumped 419.23% to 133,708; and the number of transactions fell 5.46% to 1,497,932.
Ethereum network transaction volume fell 11.28% to $32.7 million, but the number of buyers more than doubled, increasing 103.27% to 31,517. Bitcoin network transaction volume rose 4.63% to $22.8 million against the trend; Mythos Chain network fell slightly by 1.78% to $15 million; Solana network fell 43.44% to $10.1 million.
This week’s top-selling NFTs include:
- Beeple Special Edition #100020001: $464,480 (464,480 USDC)
- Beeple Special Edition #100020001: $441,000 (441,000 USDC)
- Known Origin #30101: $390,000 (390,000 USDC)
- CryptoPunks #4220: $251,307 (134.69 ETH)
- CryptoPunks #8968: $246,449 (128 ETH)
