DeFiance Capital founder and chief investment officer Arthur stated on social media that the cryptocurrency market may have entered the final stage of the "Fat Protocol Theory", which has caused long-term harm to the investment value of cryptocurrencies other than Bitcoin. He pointed out that the valuation of successful application projects is usually 5 to 15 times the revenue, while the valuation of infrastructure projects that have seen little growth in the past two years is still 150 to 1000 times the revenue. He believes that the speculative premium bubble of cryptocurrency infrastructure has officially burst.

the Securities and Exchange Commission of Thailand proposed to amend the ICO regulatory rules, allowing non-institutional investors to take a knowledge test once and not have to repeat the test, replacing the current requirement of testing every three months. The new rules will require ICO portals to conduct suitability tests for all digital token investors, to be reviewed every two years, to ensure that investors' risk tolerance matches the product risk. This is aimed at reducing the burden on investors and aligning with existing securities regulation standards. The public can submit comments on the proposal before August 1st.

Bloomberg previously reported that Musk's AI startup xAI is trying to raise $9.3 billion through debt and equity financing because it burns $1 billion a month. Musk denied this and called the report "nonsense."

last year, he made a big purchase of EIGEN's whale (or institution), losing more than $22.42 million in May.

Paul Eitelman, Chief Investment Strategist for North America at Russell Investments, said that due to the strong US economy, the next rate cut by the Federal Reserve is unlikely to come before May or June.

Bloomberg previously reported that Musk's AI startup xAI is trying to raise $9.3 billion through debt and equity financing, as it burns $1 billion a month. Musk denied this and called the report "groundless."

according to ElonAlertsX monitoring information, Elon Musk has just followed F2Pool co-founder Wang Chun's account on X (formerly Twitter).

Bit Universe, a Hong Kong-listed company, announced that it has entered into a placement agreement with a placement agent, intending to place up to 40 million shares of placement shares to no fewer than six placees through the placement agent, at a price of 0.41 Hong Kong dollars per share, representing a discount of approximately 19.61% from the closing price of 0.510 Hong Kong dollars per share on the day. The company intends to use the net proceeds from the placement for the application of the relevant licenses required to operate a virtual asset trading platform.

 the tool Bankrbot, which allows X users to directly issue meme coins on the platform, has reconfigured its system and stopped responding to commands from the AI model Grok developed by Elon Musk's xAI. Previously, interactions between Grok and Bankrbot had led to the creation of 17 tokens, with the most notable DRB token having a market value exceeding 30 million USD at one point.

smart money that once spent $2.82 million to leverage 14.81 million USDe in profits on a basket of altcoins is now floating a loss of $12.48 million. It only holds long positions in BTC and AAVE, with only 38% of the 26 tokens it is shorting in profit, accumulating a total loss of $12.48 million, with XRP alone accounting for a loss of up to $9 million.

Shibariumscan data shows that the on-chain transaction volume of Shibarium has exceeded 1 billion, currently reaching about 1.05 billion. In addition, other indicators of Shibarium are also showing a growth trend, with the total number of blocks exceeding 10 million, the latest data being 10,251,908, and the total number of on-chain addresses approaching 200 million.

On March 27th, according to official sources, Binance announced that it will launch the PAXGUSDT perpetual contract with up to 75x leverage at 18:30 on March 27, 2025 (UTC+8).

according to ai_9684xtpa monitoring, Ethereum has seen a record-breaking active sell-off in the past 3 months. A certain whale has cut losses and liquidated 6777 ETH (12.8 million USD) in the past 24 hours, with a loss of approximately 1.01 million USD.

Iranian cryptocurrency exchange Nobitex today released a security incident notification, confirming that the platform has been attacked by hackers, with some hot wallet assets affected. It is reported that the Israeli hacker group "Gonjeshke Darande" has claimed responsibility for the attack and threatened to publicly release Nobitex's source code and internal information within 24 hours.Nobitex has stated that assets in cold storage are safe, and they promise to fully compensate for losses through insurance funds and platform resources. Currently, the platform website and applications have been temporarily shut down, awaiting completion of a comprehensive investigation by the security team.

on-chain analyst Ali stated in a post on X that whales sold 760,000 ETH in the past two weeks.

according to BITCOINLFG, Ark Invest increased its Bitcoin holdings by $82.6 million.

Oppenheimer, a strategist at Goldman Sachs, stated that European and other overseas stock markets may continue to outperform the US stock market, reiterating the advice to diversify investments into assets outside the US. The average correlation between stock markets of various countries has fallen to the lowest level since the 1990s. However, they stated that any further downward revision of US economic growth expectations could also hurt overseas stock markets.

Matrixport released a chart today stating that over the past 18 months, global liquidity changes have reflected Bitcoin trends ahead of time multiple times, which many investors consider an important "leading indicator." However, as the market structure evolves, the predictive power of this model is weakening and requires continuous validation and dynamic adjustments.

On April 2nd, official news, OKX has now launched a 1-day term shark fin financial product, supporting bullish BTC, bearish BTC, bullish ETH, and bearish ETH, with a 1-day cycle. It can be subscribed daily, and the floating annualized return is calculated based on the daily settlement price. The investment currency is USDT, supporting daily settlement and automatic reinvestment, making fund utilization more flexible.

Isabel Schnabel, a member of the European Central Bank's Governing Council, said that interest rate cuts should be considered in April, and the possibility of raising interest rates in 2025 is limited. Inflation risks may lean towards the upside. (FXStreet)