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Coingecko: In Q1 of this year, the total market capitalization of the crypto market fell by 18.6% to $2.8 trillion, while Bitcoin strengthened its dominant position against the trend

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.

Cybercriminals are targeting Binance users with new phishing SMS scams

ChainCatcher news, according to BeInCrypto, cybercriminals are using a new type of phishing SMS scam targeting Binance users. Dozens of Binance users have reported receiving a batch of seemingly legitimate phishing messages, which use phone numbers and SMS inboxes consistent with the usual channels for receiving official Binance information. A comparison shows that the wording and format of these phishing messages are highly similar. It is speculated that specific threat actors or criminal groups are planning meticulously designed phishing attacks against Binance users. In such targeted phishing attacks, the messages often warn users of unusual activity on their accounts, such as new device two-factor authentication. The most common phishing messages mention an unexpected association between Binance API and Ledger Live, urging recipients to call the phone number provided in the message. Some users have stated that these phishing messages appear in the same SMS thread as legitimate Binance notifications, causing confusion and making it easy to fall into the trap. Many users are caught off guard because the sender ID of the scam messages is the same as the real Binance notification ID.Binance's Chief Security Officer Jimmy Su confirmed that Binance has noticed an increase in SMS phishing incidents. He stated, "More and more phishing scammers are impersonating us or other legitimate senders via SMS. These scam messages appear authentic, tricking users into revealing sensitive information, clicking phishing links, or transferring funds, resulting in asset loss for users." Su also revealed that Binance has extended its anti-phishing code feature to SMS services, which was originally designed for emails. This code is a user-customized identifier that appears in official Binance communications, helping recipients identify genuine notifications and avoid being deceived by impersonators. Currently, the anti-phishing code feature has been launched in all licensed jurisdictions where Binance operates. Additionally, Binance claims that both registered and unregistered users have reported receiving suspicious messages.
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