ChainCatcher news, according to on-chain analyst Lookonchain (@lookonchain), Abraxas Capital related wallets withdrew 505 Bitcoins (approximately $42.64 million) from Binance exchange 9 hours ago. The wallet has withdrawn a total of 2,949 Bitcoins (approximately $250 million) from the exchange in the past 4 days.

ChainCatcher news, according to The Block, Canary Capital submitted a registration application for the Canary Staking TRX ETF to the U.S. Securities and Exchange Commission (SEC) on Friday local time.In addition to the TRX ETF, Canary Capital also plans to launch several cryptocurrency ETF products, including ETFs related to Pengu, Sui, Hedera, and Litecoin.

ChainCatcher news, according to the Coingecko quarterly report, the total market capitalization of cryptocurrencies fell by 18.6% to $2.8 trillion in the first quarter of 2025. Bitcoin further solidified its dominance in the market downturn, with its market share rising to 59.1% (a new high since 2021), while altcoins generally performed poorly. The shares of stablecoins USDT and USDC increased, while Ethereum's market share dropped to a five-year low of 7.9%.​1. Bitcoin outperforms traditional risk assetsBitcoin broke through $100,000 in January, reaching an all-time high, but ended the quarter at $82,514 (a decline of 11.8%). Its performance outpaced the Nasdaq index (down 10.3%), but lagged behind gold (up 18%) and U.S. Treasury bonds. Analysts pointed out that the strengthening of the yen and euro, adjustments in monetary policy, and geopolitical uncertainties have intensified market volatility.​2. Ethereum and altcoins under pressureEthereum's price plummeted 45.3% to $1,805, erasing all gains made in 2024, with daily trading volume shrinking to $2.44 billion. Leading altcoins like Solana (SOL), XRP, and BNB experienced smaller pullbacks, highlighting Ethereum's relative weakness. Meme coins suffered a significant setback due to the exit of Argentine President Javier Milei's related project LIBRA, with daily token deployment on the Pump.fun platform dropping by 56.3%.​3. Changes in exchange landscapeThe spot trading volume of centralized exchanges (CEX) decreased by 16.3% to $5.4 trillion, with Binance maintaining a market share of 40.7%; HTX became the only platform in the top ten to see growth (+11.4%), while Bybit's trading volume was halved due to a hacking incident in February. Among decentralized exchanges (DEX), Solana led Q1 with a 39.6% share, but Ethereum briefly reclaimed the top spot in March. The total value locked (TVL) in DeFi fell by 27.5% to $12.86 billion, while the new public chain Berachain's TVL rose against the trend to $5.2 billion.

ChainCatcher news, reported by Chainwire, Blocksquare and Vera Capital announced today a $1 billion partnership to tokenize commercial and multi-family real estate assets across the United States.Vera Capital will leverage Blocksquare's white-label technology to launch a dedicated digital marketplace, providing institutional-grade tokenized ownership of U.S. real estate for global investors. The first tokenized project is a $5.4 million commercial property in Fort Lauderdale, Florida, with an annual return of 5%.

ChainCatcher news, according to Digital Asset, the South Korean Financial Services Commission (FSC) stated that it does not believe that dollar-denominated stablecoins will lead to unilateral capital outflows. According to FSC data, from November 2024 to February 2025, the total amount of dollar stablecoins flowing into South Korea reached 35.3 trillion won (approximately 24.8 billion USD), while the amount flowing out to foreign countries also reached the same figure. This is the first time the FSC has disclosed data on cross-border stablecoin flows.

ChainCatcher news, according to on-chain analyst Lookonchain (@lookonchain), a wallet associated with Abraxas Capital has withdrawn 1,107 BTC (worth $93.47 million) from the exchange today.

ChainCatcher news, according to The Block, Panama City Mayor Mayer Mizrachi Matalon posted on the X platform on Wednesday that the Panama City government has approved the use of cryptocurrency to pay taxes, fees, fines, and permits. Local media confirmed that the city will accept Bitcoin, Ethereum, USDC, and USDT. Mizrachi stated that the capital of Panama implemented this policy by partnering with a cooperative bank to convert cryptocurrency into US dollars at the time of payment, without the need to enact new laws.

ChainCatcher news, according to CoinDesk, although the possibility of a bottom having already formed cannot be ruled out, on-chain analyst James Check stated that the true bottom may only appear after Bitcoin experiences a real "capitulation sell-off" event.James Check indicated that this could mean Bitcoin needs to drop to around the $65,000 area, which he refers to as the "true market average," or the average cost basis of active investors. Once it falls to this level, the average investor may begin to feel the pressure of unrealized losses, and even those long-term holders who have held their coins for five years may face a "being trapped" situation. Michael Saylor's Strategy has an average Bitcoin cost basis of about $67,500.Although Check expects a significant drop from the $65,000 area, he believes there is strong support between $49,000 and $50,000. This price range represents both the launch price for Bitcoin spot ETFs in 2024 and symbolizes a critical threshold for Bitcoin's $1 trillion market cap. He stated that unless a global economic recession occurs, the likelihood of Bitcoin dropping to $40,000 is low. In 2024, Bitcoin has undergone a long period of "chopsolidation" phase—where the price has remained within a wide fluctuation range of $50,000 to $70,000 for several months, establishing a solid support foundation for the market.

ChainCatcher news, LD Capital founder Jack Yi posted on the X platform stating that current Web3 investors are facing multiple dilemmas.The reasons for the decline of Web3 investors are as follows:First, the changes in lock-up rules, where investors generally face a strict lock-up period of "1+3", while exchanges, project parties, market makers, and KOLs are not subject to these restrictions;Second, the low success rate of investments, where even if 1 out of 5 projects succeeds in going public, the return must exceed 10 times to cover costs, and based on the current market capitalization of listed projects, this goal is difficult to achieve at the time of unlocking;Third, the "triangle dilemma" of "good projects, low valuations, and large amounts" that investors cannot have all at once.He also pointed out that many investors ultimately only receive a fraction of the amount, which not only may lead to financial losses but also poses a reputational risk.

ChainCatcher news, according to Lookonchain monitoring, a wallet address associated with Abraxas Capital has withdrawn 747 bitcoins (approximately 63.78 million USD) from Binance after being inactive for two months.

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.

ChainCatcher news, according to CoinDesk, Bitcoin mining company Luxor Technology's Director of Business Development Aaron Forster stated in an interview at the Consensus festival that cryptocurrency mining is being accepted and naturally evolving into other markets, with large miners transforming into power infrastructure providers for artificial intelligence rather than building large mines.The Bitcoin mining business is a stepping stone to larger, more capital-intensive industries like artificial intelligence, which excites me because it allows Bitcoin mining to be more widely accepted.

ChainCatcher news, according to cryptocurrency analyst CarpeNoctom regarding analyst Ozzy's statement that "there are numerous investment opportunities in the current cryptocurrency market.Investors are advised to look at price charts, using the 0.5 Fibonacci retracement level as a target price." The suggestion indicates that there are many mean reversion investment opportunities in the current cryptocurrency market.However, investors are reminded to be cautious about the mean reversion assumptions of ultra-small market cap tokens, as many small market cap tokens may not achieve the expected mean reversion.

ChainCatcher message, the PancakeSwap team responded to the community regarding the CAKE 3.0 tokenomics proposal.Regarding the 4% annual deflation target, the 4% is based on data from the past two years. Deflation is not limited to 4% per year; the actual amount of destruction will be linked to trading volume, and if the protocol performs well, a higher deflation rate may be achieved. For the mCAKE and sdCAKE exchange issue, the team confirmed that a 1:1 exchange ratio will be maintained, and users need to operate through the original delegation platform.On the topic of holding incentives, the team pointed out that they will adjust the fee distribution, shifting part of the liquidity provider fees towards a buy-and-burn mechanism, which is expected to improve the destruction efficiency to 15%. They also emphasized that CAKE will still play a core role in governance, IF0, and other scenarios. In response to concerns about the efficiency of veCAKE emissions, the team believes that the current proposal can more effectively address core issues and avoid long-term drawbacks caused by short-term fixes.Regarding the issue of governance decentralization, the team stated that they will shift to a direct voting model based on CAKE holdings and consider introducing a delegation feature in the future. For geographical restrictions, the team explained that IF0 will remain open, while TGE has limitations due to compliance requirements from partners.Finally, the team committed to providing real-time destruction data dashboards to maintain transparency in emission decisions and ensure the smooth operation of the veCAKE system during the transition period. During the transition, the veCAKE system will continue to operate until the proposal voting is completed, ensuring a smooth transition.

ChainCatcher news, according to Forbes, AI cybersecurity startup Octane has announced the completion of a $6.75 million seed funding round, led jointly by Archetype and Winklevoss Capital (the family office of Gemini founders Tyler and Cameron Winklevoss). Other supporters include the cryptocurrency exchange Gemini Frontier Fund, Circle, Duke Capital Partners, and a group of strategic angel investors, including former Coinbase CTO Balaji Srinivasan. The funds will be used for product development, expanding the engineering team, and increasing Octane's influence.According to reports, Octane's core proposition is to supplement passive audit models with always-on AI defenses. Octane is currently focused on smart contract vulnerabilities, but the company's future goal is to detect and prevent more complex attacks.