On October 27th, Semantic Layer officially announced on social media that the airdrop of its project token 42 is now available for claiming, and users need to claim it through official channels.

 market shows that, driven by Intel (INTC.O), American semiconductor stocks are rising before the market opens, with ASML (ASML.O) up 7.03%, Micron Technology (MU.O) up 2.35%, ON Semiconductor (ON.O) up 2.13%, and Applied Materials (AMAT.O) up 5.6%.

A new venture backed by several members of US President Donald Trump's family is aiming to become the world's largest Bitcoin mining firm. Hut 8, a digital asset mining company, announced on March 31 that it is acquiring a majority stake in American Bitcoin, previously known as American Data Center. The firm, founded by investors including Trump's sons, Donald Trump Jr. and Eric Trump, will take ownership of Hut 8's Bitcoin mining hardware. The goal of the new venture is to become the most efficient pure-play Bitcoin miner globally while building a strong strategic Bitcoin reserve, operating under the American Bitcoin brand. Hut 8 CEO Asher Genoot sees the launch of American Bitcoin as a strategic shift that will lead to more predictable and lower-cost-of-capital segments, focusing on exahash growth and Bitcoin production.

On March 16th, it was reported that with the establishment of Jsquare's first LP fund in the United States, the industry has also shown a high level of interest in Jsquare's secondary proprietary funds. Joanna, the Founding Partner of Jsquare, stated in X, "Currently, we not only have the recently announced new first LP fund, Jsquare Pioneer Fund I, but will also be active in the coming months. We also have our own liquid fund, which includes holdings of various DeFi Tokens, among others. Due to trading on exchanges, the holdings prices cannot be clarified immediately to all KOLs. We hope for your understanding that withdrawal prices do not equal holding prices."

Mary Daly, President of the Federal Reserve Bank of San Francisco, recently stated that the potential artificial intelligence (AI) bubble in the stock market may not threaten overall financial stability. Daly emphasized: "We should be wary of the idea that all bubbles are financial bubbles, and there is currently little evidence to suggest that the AI bubble belongs to this category." She pointed out that from a research and economic perspective, investments in the field of AI are more like a "beneficial bubble" - even if investors do not receive all the returns expected by early enthusiasts, they can still leave behind productive results rather than nothing. Specifically, Daly gave three reasons: first, the AI capital expenditure boom is driven by financially sound large companies, not a wave of high-risk startups, which does not pose a threat to financial stability; second, even if investors' enthusiasm is too high, it can still help the development of this transformative technology, similar to how the internet bubble burst but left behind internet technology; third, AI, like the iPhone, has transformative power, unleashing unknown opportunities and increasing overall economic productivity. 

market shows that BTC has fallen below $110,000, now reported at $109,988.17, with a 24-hour decline of 1.03%. The market fluctuates greatly, so please be prepared for risk control.

On March 16th, Union interoperability protocol announced that the early draft of the Union token economics was leaked through Union Notion. The draft was created before Union Labs' Series A financing. Since then, there have been significant changes, and the document no longer represents the current thinking on Union token economics. No decisions have been made on any matters related to token economics at this time. The Union token economics team is continuously researching best practices from other projects and adjusting plans to provide the best service for the Union community in the long term.

according to X platform, CZ has cancelled the previous Mubarak, Inshallah related elements pinned tweets.

spot gold fell below $4020 per ounce, with a daily decline of 2.26%.

 according to glassnode's released chart, the Bitcoin CBD heat map shows that its supply is highly concentrated around the $117,000 price level, forming a key resistance area. Breaking through this price level may clear obstacles for subsequent upward movement towards areas with thinner liquidity, while failure to break through may lead to a prolonged consolidation period or price decline.

In a significant development, Hut 8 has decided to exchange most of its ASIC miners for an 80% stake in American Data Centers, Inc., now rebranded as American Bitcoin. The company, backed by Eric Trump and Donald Trump Jr., aims to become the world's largest and most efficient Bitcoin miner. Eric Trump, serving as Chief Strategy Officer, views the partnership as a crucial step forward in the Bitcoin mining sector, combining operational expertise with a shared vision for the future of Bitcoin. Donald Trump Jr. highlighted the enduring value of mining Bitcoin, stating that mining presents a significant opportunity beyond simply buying the cryptocurrency. Hut 8's CEO, Asher Genoot, explained that by creating a separate entity for mining operations, each segment can operate with its own financial structure to drive growth and enhance capital allocation efficiency. The leadership team at American Bitcoin includes Mike Ho as Executive Chairman, Matt Prusak as CEO, and Eric Trump as Chief Strategy Officer, with the Board of Directors featuring key figures from both Hut 8 and American Bitcoin. Hut 8 will continue to provide exclusive ASIC colocation and management services for American Bitcoin under a shared services agreement, ensuring stable and sustainable revenue for both entities. This change will see Hut 8's mining operations operating under the American Bitcoin brand within Hut 8's Compute segment, maintaining its role as the exclusive infrastructure and operations partner for American Bitcoin.

Jason Calacanis, an early investor in Uber and Robinhood and a well-known angel investor, wrote on X platform that Bitcoin has been monopolized by some giants in the market, and now is the best time to build a better Bitcoin. "The game needs to be restarted." However, Jason Calacanis's views seem to have sparked different opinions in the industry. Brady Swenson, co-founder of Swan Bitcoin, said that Bitcoin is a technological revolution that changes all industries, rather than following a single technology adoption curve like the iPad. Bitcoin as a value transfer protocol will never be replaced, but the competition for second-layer protocols continues.

according to Lookonchain monitoring, the whale "0x960B" deposited 3.72 million USDC into Hyperliquid in the past 9 hours, and then opened a long position with 240 BTC (worth 27.7 million US dollars) and 4874 ETH (worth 20.3 million US dollars) with 15 times leverage.

according to Lookonchain monitoring, an address (0x8844) spent 5 BNB (about $5756) two days ago to purchase 11.15 million Meme coins "Binance Life", which are now worth over $1.6 million.

according to Coinglass data, in the past 24 hours, CEX has accumulated a net inflow of 1255.80 BTC, with the top three CEX in terms of inflow as follows: Bitfinex, inflow of 2051.66 BTC; Bybit, inflow of 385.27 BTC; Binance, inflow of 320.20 BTC. In addition, Gemini has an outflow of 812.97 BTC, ranking first in the outflow list.

 Francois Villeroy de Galhau, a member of the European Central Bank's management committee, said that the US support for cryptocurrencies and non-bank finance could trigger the next financial emergency. In an interview with the French weekly "Sunday Forum", he said: "The US may commit crimes due to negligence. Financial crises often originate in the US 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 unrest." Galhau added that European regulation is more secure and stated that there is no risk of a banking crisis in the EU.

 Standard Chartered Bank estimates that stablecoins may attract $1 trillion in funds from emerging market banks in the next three years.

market news: Bitcoin mining company Hut 8 will develop four new sites with a total installed capacity exceeding 1.5 gigawatts.

Last week, cryptocurrency exchange-traded products (ETPs) saw a modest increase in inflows, marking a reversal from a period of outflows. According to CoinShares, global crypto ETPs received $226 million in inflows during the last trading week, following the previous week's $644 million. Despite this positive trend over the past two weeks, the total assets under management (AUM) continued to decrease, falling below $134 million by March 28. The increase in inflows last week indicates cautious optimism among investors, with Bitcoin leading the way in attracting investments. Altcoins also saw their first week of inflows after a series of outflows, with Ether, Solana, XRP, and Sui receiving notable amounts. Despite recent inflows, the total AUM of crypto ETPs has not seen a significant increase, dropping to its lowest level in 2025 due to a decline in cryptocurrency prices. Since January 1, 2025, the price of Bitcoin has decreased by 13.6%, while the total market capitalization has fallen by nearly 20%.

Over the weekend, the price of XRP (XRP) compared to Ether (ETH) reached its highest level in five years, continuing its recovery. On March 15, the XRP/ETH pair hit 0.00128 ETH for the first time since April 2020, marking a 925% rebound from its all-time low in June 2024 and around 620% gains since November 2024. Market watchers are speculating that XRP could surpass Ether to become the second-largest cryptocurrency by market capitalization, with historical resistance levels indicating potential for significant rallies. XRP's market dominance has increased significantly since November 2024, while Ethereum has seen a decline in market share due to regulatory sentiment and competition from other blockchains like Solana.