ChainCatcher message, 10X Research analyst Markus Thielen stated: "Now is not the time to buy the dip, as BTC may drop to the $73,000 range. He believes that the current situation is similar to the speculative bubble burst of DeFi/NFT after the 2021 bull market, where Meme coins plummeted and punished many related tokens. The structural decline in the market indicates that the fundamentals are weakening. Now is the time for caution, not complacency. The next significant (upward) movement will require a new narrative."

ChainCatcher news, Bitwise Research Director Jeff Park published an article stating that we are currently experiencing one of the fastest declines in Bitcoin's history, and for those with foresight, now is a rare opportunity.The failure of Strategic Bitcoin Reserves (SBR) lies in its hastily launched announcement, which did not pave the way for Bitcoin's ultimate adoption as a global store of value (SoV). This is because a true SBR must rely on multilateral cooperation. It is this lack of cooperation that has led to today's market sell-off, led by Japan.In addition, he stated that market liquidity will recover. Trump will push the economy at all costs, and the global M2 liquidity indicator has also begun to rise.

ChainCatcher news, the JD recruitment official website shows that the company is hiring a stablecoin policy researcher. The position requires candidates to have a strong financial background and policy research capabilities.Job responsibilities include researching domestic and international stablecoin policies and regulations, communicating and coordinating with regulatory agencies, providing policy support to internal teams, and analyzing stablecoin market trends.

ChainCatcher news, according to Jinshi reports, a research report from China International Capital Corporation states that the U.S. added 151,000 non-farm jobs in February, falling short of the market expectation of 170,000, with the unemployment rate rising to 4.1%, partly influenced by government layoffs and retail strikes. Looking ahead, since employment is a lagging indicator, we may see further negative impacts from government layoffs in the coming months.Government spending cuts have a "multiplier effect," and the reduction of federal employees may spread to non-government sector employment. Those laid off will need to "re-employ," which will also intensify competition in the labor market and increase the difficulty of finding jobs in the future. We reiterate our previous view that, in the context of tariffs and government spending cuts, attention should be paid to the downside risks of the U.S. economy. Until headwinds dissipate or genuinely business-friendly policies (such as tax cuts, deregulation, and interest rate cuts) are implemented, we remain cautious about the U.S. economy.

ChainCatcher news, the on-chain data visualization platform Bubblemaps announced that it will launch its platform token BMT on March 11.

ChainCatcher news, according to Cointelegraph, despite the International Monetary Fund (IMF) pressuring El Salvador to stop accumulating decentralized value storage assets, the country has still purchased 13 bitcoins since March 1.According to the El Salvador Bitcoin Office, the country's Bitcoin reserve holds over 6,105 BTC, worth more than $527 million at current prices.In December 2024, El Salvador reached an agreement with the International Monetary Fund to obtain a $1.4 billion loan from the organization. As part of the agreement, the El Salvador government agreed to remove BTC's status as legal tender in the country and reduce public sector involvement in Bitcoin.

ChainCatcher news, the encryption research institution Messari recently released an in-depth research report on CESS Network, highlighting the necessity of data value infrastructure for the development of industries such as AI and Web3. Messari systematically analyzes the groundbreaking technological architecture and strategic layout of CESS Network in the field of Web3 data infrastructure in the report.The report points out that the data value infrastructure network built by CESS based on DePIN achieves data valorization, sovereignty return, and privacy protection, addressing three core contradictions in the AI era: the lack of data sovereignty, storage efficiency bottlenecks, and the allocation of computing and storage resources. It drives the integration of Web3 with the real economy and RWA, using compliant data circulation protocols to connect the closed loop of "storage and distribution - rights confirmation and privacy - sharing and circulation," and builds the next-generation infrastructure that supports AI training, DeSci collaboration, and enterprise-level data markets.

ChainCatcher news, BNB Chain will undergo a mainnet Pascal hard fork on March 20, 2025, enhancing EVM compatibility and becoming one of the first public chains to adopt EIP-7702. This upgrade will introduce features such as Gas abstraction, EOA wallet smart contract capabilities, and batch transactions, providing users with a smoother experience and offering developers greater flexibility.Through the EIP-7702 proposal, BNB Chain will allow externally owned accounts (EOA) to temporarily possess smart contract functionalities during transactions while maintaining account security. This upgrade will significantly lower the barrier for users to enter Web3. For example, Gas fee abstraction allows users to complete on-chain interactions without holding the native token for gas fees in their accounts; at the same time, it enables dApps to sponsor gas fees for users and supports batch transactions, enhancing the on-chain experience for users.Previously, the Pascal hard fork was completed on the testnet. For the upcoming mainnet upgrade, before March 20, node operators and validators need to update to v1.5.7 (BSC) or v0.5.2/v0.5.6 (opBNB); exchanges and infrastructure providers must ensure compatibility before the hard fork, and developers need to test and update dApps to support the new transaction types.According to BNB Chain's 2025 technical roadmap, the community plans to conduct the Lorentz hard fork in April and implement the Maxwell hard fork upgrade in June, increasing block production speed to 0.75 seconds. Currently, this proposal is open for community feedback.

ChainCatcher message, crypto czar David Sacks stated, "Bitcoin is scarce and valuable, making it strategically significant for the U.S. to hold it as a long-term reserve asset."

ChainCatcher news, according to Cointelegraph, investment analysts and leaders in the crypto industry believe that President Trump's executive order to establish the "U.S. Strategic Bitcoin Reserve and National Digital Asset Repository" will serve as a catalyst for the broader adoption of Bitcoin. Bitwise Research Director Ryan Rasmussen predicts that this will create a ripple effect, with other countries and private investors investing in Bitcoin with greater confidence. He emphasized, "The ultimate goal has never been 'the U.S. government buying all the Bitcoin in the world.'"Rasmussen stressed that large institutional investors, such as wealth management firms, financial institutions, and pension plans, now have "no reason" not to increase their exposure to Bitcoin and other crypto assets recognized by the Trump administration. He pointed out that as selling pressure diminishes, the likelihood of the U.S. government and states purchasing Bitcoin has increased, and he clearly stated, "The U.S. government's holding of Bitcoin would reduce the likelihood of the government banning Bitcoin to zero."

ChainCatcher news, CoinShares research director James Butterfill believes that the crypto community should not be disappointed that the U.S. Bitcoin strategic reserve has not further increased its Bitcoin holdings, as the establishment of this reserve itself is an important step in legitimizing Bitcoin as an asset.

ChainCatcher news, Binance released the proof of reserves for March 2025. As of March 1, the BTC reserve ratio on the Binance platform reached 100.77%, the ETH reserve ratio was 100.00%, the USDT reserve ratio reached 104.42%, and the BNB reserve ratio reached 110.92%.In addition, the proof of reserves from Binance has added the TRUMP token, with a reserve ratio of 100.38%. Currently, Binance's reserves cover a total of 35 tokens, all with reserve ratios exceeding 100%.

ChainCatcher message, Layer 1 blockchain Initia officially announced that Initia will close its wallet extension service on March 18 at 3:00 AM (UTC).Initia wallet users must complete the migration before this date, or they will not be able to access the data on the testnet, including the testnet Jennie and related data. Users can migrate their wallets through migration.initia.xyz.