ChainCatcher news reports that, according to 4E monitoring, tariff uncertainty continues to put pressure on U.S. stocks. On Thursday, the three major indices closed mixed, with the Dow down 1.33%, the S&P 500 up 0.13%, and the Nasdaq slightly down 0.13%. U.S. markets will be closed on Friday for Good Friday. This week, the three major indices have recorded declines for the third consecutive week, with the Dow down a total of 2.66%, the Nasdaq down 2.62%, and the S&P 500 down 1.5%.The cryptocurrency market is experiencing narrow fluctuations, with Bitcoin stabilizing around $84,000, and Ethereum hovering below $1,600, while altcoins show reduced volatility. Investors remain cautious amid the uncertainty of tariff policies, with concerns in the derivatives market about declines clearly outweighing expectations for increases.In the foreign exchange and commodities market, the U.S. dollar index fell slightly by 0.01%, marking a third consecutive week of weakness; driven by the weaker dollar and optimistic comments from Trump on energy trade, U.S. crude oil surged over 3% on Thursday, accumulating about a 5% increase this week; gold prices retreated from high levels, with spot gold down 0.46%.The European Central Bank continues its easing policy, while the Federal Reserve maintains a wait-and-see attitude. On Thursday, Trump sharply criticized Powell's interest rate policy, stating it is "always too late and wrong," and emphasized that firing Powell is urgent. The market is watching whether Powell will adjust policies due to political pressure.

According to ChainCatcher news, the U.S. Securities and Exchange Commission (SEC) announced that the Massachusetts District Court has made a final ruling against CLS Global FZC LLC, a UAE company claiming to be a cryptocurrency market maker, finding it in violation of securities laws.The SEC accused CLS Global of participating in a scheme to manipulate the "NexFundAI" market, issuing and selling the cryptocurrency as a security to retail investors, and inducing investors to purchase by creating the illusion of active trading. CLS Global agreed to the judgment and is required to pay a civil penalty of $425,000, a disgorgement of $3,000, and pre-judgment interest of $80.39.

ChainCatcher news, monitored by The Data Nerd, suggests that GSR may be the market maker for WCT. 6 hours ago, GSR deposited 4 million WCT into Binance, approximately worth 1.61 million USD. Today, a total of 7 million WCT, approximately worth 3.46 million USD, has been deposited into Binance.

ChainCatcher news, according to Cointelegraph, suitable market makers can act as boosters for crypto projects, helping them to launch on mainstream trading platforms, providing liquidity, and ensuring that tokens are tradable. In the field of market making, a popular yet often misunderstood model is called the "loan option model." In this model, the project lends tokens to market makers, who then use these tokens to provide liquidity, stabilize prices, and assist the project in launching on crypto trading platforms. However, in reality, this model has become a "death sentence" for many new projects.Behind the scenes, some market makers are profiting from this token loan structure, which is often packaged as "low risk, high return," but in reality can severely impact token prices, leaving nascent crypto teams in chaos and struggle. Ariel Givner, founder of Givner Law, stated, "The way it works is: market makers borrow tokens from the project at an agreed price, in exchange for their promise to help these tokens launch on major trading platforms. If they fail to fulfill this promise, they must repay the tokens at a higher price within a year."However, what often happens in reality is that market makers sell the borrowed tokens, triggering an initial price crash. After the token price has been driven down, they then buy back the tokens at a lower price, profiting from the difference.

According to ChainCatcher news, on-chain data analyst @ai_9684xtpa has monitored that GSR Markets and Flow Traders are the two major market makers for Binance Launchpool's new token WCT. Among them,GSR Markets: 7.5 million market-making tokens, with 2.8 million already deposited into CEX;Flow Traders: 7.5 million market-making tokens, currently conducting small transfer tests to CEX.The market-making tokens from the two major market makers account for 8% of the initial circulating supply.

ChainCatcher news, Arthur, the founder and chief investment officer of DeFiance Capital, stated on the X platform that the biggest problem currently plaguing the liquidity cryptocurrency market is how projects and market makers collaborate to create artificially sustained prices, a process that is completely opaque. You cannot determine whether the prices are driven by real supply and demand or simply manipulated by collusion between projects and market makers to achieve other goals.It is astonishing that centralized exchanges (CEX) are completely ignoring this, while the altcoin market is increasingly becoming a confidence-lacking "lemon market." Not to mention that the pricing of most token generation events (TGE) this year has been a joke, with tokens dropping 70% to 90% within months of listing, causing significant losses for anyone who bought in. If major players in the industry do not step up to improve this situation, then for the foreseeable future, most of the market will remain unattractive to investors.

According to ChainCatcher news, on-chain analyst @ai_9684xtpa disclosed that Flow Traders, Auros Global, and Arrington Capital may be the three major market makers for Binance's Megadrop launch of the new token KERNEL, receiving allocations of 3.5 million, 3.5 million, and 10 million tokens respectively, totaling 10.47% of the circulating supply.

ChainCatcher news, perpetual contract DEX KiloEx announced a strategic partnership with market maker DWF Labs on platform X.Subsequently, DWF Labs retweeted to confirm the partnership.

ChainCatcher news, according to The Kobeissi Letter analysis, the United States imports over $60 billion worth of smartphones each year. The exemption policy announced today covers some of the most important imported products, marking another sign of the U.S. making concessions in the trade war. After all, the bond market is forcing Trump to yield.This week, everyone learned about the specific methods of applying pressure on the U.S. in the trade war: selling U.S. Treasury bonds and driving up Treasury yields. The bond market is Trump's top priority, and now everyone knows it.ChainCatcher previously reported that the U.S. has conditional exemptions for "reciprocal tariffs" on products such as smartphones/PCs/servers/semiconductors.

ChainCatcher news, Silk Road founder Ross Ulbricht announced on social media that he will make his first public appearance and give a speech at the Bitcoin conference in Las Vegas, marking his first appearance since his release. Ulbricht was sentenced to life in prison for creating the dark web marketplace "Silk Road" and was granted a full pardon by President Trump in January this year.

ChainCatcher message, broker Bernstein stated that Bitcoin has shown strong resilience, especially after a recent market turmoil where it dropped 26%, which is smaller compared to past declines of 50-70%, indicating strong demand. Tariffs have hurt Bitcoin mining companies, but U.S. alternatives and AI opportunities provide support. Bitcoin's performance still resembles that of tech stocks rather than gold, but at market close, Bitcoin can act as a liquidity risk asset. In the long run, Bitcoin is very much like a more volatile and liquid version of gold (approximately $2 trillion, while the gold market is $20 trillion).Institutional adoption through ETFs and corporate bonds (accounting for 10% of supply) has made Bitcoin more robust. Although Bitcoin has dropped 15% year-to-date, ETF inflows remain positive, with selling pressure mainly coming from short-term traders.

ChainCatcher news, according to Hyperrscan data, a giant whale with 50x leverage on Hyperliquid has closed its ETH long position and withdrawn 6,395,256.49 USDC back to Arbitrum, making a profit of 1.87 million dollars (initial amount 4.52 million dollars).

ChainCatcher news, Bitget wallet's official spokesperson KajiQ stated during the roundtable discussion on "2025 New Trends in Crypto" at the "Web3 Future Night" event that the approval of the Bitcoin spot ETF has brought short-term trading opportunities and is one of the important reasons driving BTC close to $100,000. However, it has also weakened the independence and speculative nature of the crypto market.She also pointed out that Trump has released many favorable signals, but the mid-term realization efficiency is insufficient, making it difficult to support a sustained upward trend. At the same time, altcoins have not significantly benefited under the macro favorable conditions.It is reported that the "Web3 Future Night" event is co-hosted by ChainCatcher and the digital asset platform CoinUp.io, and is a high-end social feast in the crypto field, bringing together ideas and business opportunities.

ChainCatcher news, according to The block, the revenue of most mainstream DeFi protocols on Solana, Ethereum, and BNB Chain fell by more than 50% month-on-month in March, reflecting an overall slowdown in on-chain activity and trading volume. The total revenue of Solana protocols was approximately $42 million, a decrease of 55%; PancakeSwap on BNB Chain generated $21 million, down 54%; the total revenue of protocols on Ethereum such as Ethena, Lido, and Aave was $24.5 million, a decline of over 52%. The only protocol that saw growth was MakerDAO (now known as Sky), with a revenue of $10 million in March, an increase of 11% month-on-month. DeFi token performance was similarly weak, with GMCI's GMDEFI index down 40% year-to-date.

ChainCatcher news, according to Onchain Lens monitoring, a whale has unlocked 63,081.6 SOL (worth approximately 7.49 million USD) after 1.6 years of dormancy and deposited it into the Kraken exchange. It is reported that the whale made a profit of about 6.2 million USD from this operation.

ChainCatcher news, Zhu Su posted that some large holders with significant amounts of cryptocurrency spot are adopting the strategy of "selling spot/buying perpetual options," enticing market makers to operate in reverse. Subsequently, these large holders deliberately cause long perpetual options to be liquidated, thereby obtaining a more favorable exit than directly selling spot in the market.Meanwhile, crypto investor VIKTOR pointed out that the market capitalization of many tokens may be artificially maintained at high levels. He cited the example of the ACT token, which plummeted from a market cap of $200 million to $100 million in just a few minutes, and then continued to drop to $60 million, evaporating about 70% of its market cap within 24 hours.This incident has once again raised concerns in the market about cryptocurrency price manipulation and the authenticity of market capitalization, serving as a warning to investors to pay attention to potential artificial interventions in the market.