News

1. US House Republicans refused to bundle the housing bill with cryptocurrency legislation; 2. Seven newly created wallets withdrew nearly 75,000 ETH, worth about $161 million, from a certain exchange within 16 hours; 3. Jump Trading called the $4.4 billion lawsuit by Terraform Labs a "passing the buck"; 4. BlackRock withdrew 2,267 BTC, worth about $158 million, from a certain exchange in the past 10 hours; 5. Crude oil futures prices plunged; 6. The X platform will update its revenue sharing mechanism, increasing the weight of exposure in creators' regions; 7. Two new wallets suspected to be related to Bitmine withdrew 67,100 ETH from a certain exchange; 8. SpaceX plans to submit its IPO application as early as this week; 9. litellm, with a monthly download volume of 97 million, suffered a supply chain attack, allowing sensitive credentials including SSH keys to be stolen through simple installation; 10. Iran has stated that "non-hostile vessels" may pass through the Strait of Hormuz after coordinating with Iran.

ChainCatcher reports that Collins purchased approximately 6,000 BTC from proceeds of cannabis sales between 2011 and 2012, and distributed them across 12 wallets. His private key was stored in paper form and hidden in a fishing rod box in a rented house in Galway, Ireland. After Collins was arrested in 2017, the house was cleared out and his personal belongings were sent to a landfill.

BlockBeats News, March 25th. The market is currently dominated by the mismatch between "Policy Suppressing Energy Prices" and "Unresolved Middle East Risks." The US has relaxed gasoline regulations, the EU has postponed banning Russian oil to curb inflation and oil prices, but the US-Iran negotiations have not yet materialized and military deployment continues, preventing the full release of risk premium. Funds have shifted to safe-haven assets such as gold, with overall liquidity remaining tight and defensive. Against this backdrop, BTC has not formed a clear trend but instead exhibits a typical liquidity-driven range-bound structure. The range of 71.6k–73k above is a zone of sell orders and liquidity chasing, while the range of 67k–68k below is where buy orders are settled and bids are placed. The range of 70k–71k in the middle experiences rapid price movements due to sparse liquidity. In the short term, if the price stabilizes above 71.6k, it will trigger liquidity sweeps towards 73k. If it falls below 68k and bid support fails, the focus will shift to downward liquidation. Until a one-sided outcome emerges regarding energy prices and Middle East negotiations, the market will continue to oscillate between triggering liquidity at both ends. BTC fundamentally remains a result of risk acceptance rather than an actively trending asset. In conclusion, the crypto market currently lacks the conditions for trend continuation in the short term, resembling more a liquidity-driven oscillation phase. Only when there is a unilateral breakthrough in energy risk or liquidity direction will the market choose a true pricing path.