Market news: Singapore Exchange will list open-ended Bitcoin futures contracts.

Naeem Aslam, an analyst at Zaye Capital Markets, pointed out in a report that the price of Bitcoin has fallen due to the uncertainty in US regulations and the general risk aversion affecting cryptocurrencies. A cryptocurrency summit held at the White House last Friday did not reveal any details of President Trump's regulatory plans for the industry. Aslam stated that the market is also dealing with concerns about global trade tensions and expectations of a possible weakening US economy.

According to the fault tracking website Downdetector.com, thousands of users in the United States and the United Kingdom experienced issues with the social media platform X. According to Downdetector's data, there were over 21,000 reports of platform issues in the United States and over 10,800 in the United Kingdom. Downdetector's data is based on user-submitted reports. The actual number of affected users may vary. (Jinshi)

On March 10th, according to Decrypt, Geoff Kendrick, global head of digital asset research at Standard Chartered Bank, proposed that the US government could purchase Bitcoin in several budget-neutral ways when implementing the latest executive order from President Trump. Kendrick detailed these strategies, stating that they would avoid "additional costs to American taxpayers," a practice that Trump had already banned when establishing a strategic Bitcoin reserve last week. In a research report last Friday, Kendrick wrote that the Trump administration could achieve this by "selling gold," utilizing the US Treasury's so-called Exchange Rate Stabilization Fund (ERF), or incorporating budget-neutral plans into Senator Cynthia Lummis's proposed 2024 "Bitcoin Bill." According to data from the World Gold Council, the US government currently holds 8133.46 tons of gold reserves. At current prices, this batch of gold is worth approximately $758 billion.

The article from Alibaba Research Institute stated that DeepSeek is a strong support for the value of open-source large models: standing on the basis of open-source large models such as LLaMa and Qianwen, DeepSeek has explored the inherent potential of large models through more ingenious engineering design and achieved performance surpassing. However, on the other hand, if open source is to truly become the dominant development model for large models, another important issue that cannot be avoided is the reform of the risk governance of open-source large models, that is, whether we can innovate open-source governance mechanisms to respond to the risk concerns that may arise after the open source of large models. (Alibaba Research Institute)

On March 10th, despite the continued "extreme fear" shown by the cryptocurrency fear and greed index on March 10th, a Bitcoin market simulation still predicts a bullish trend in the second half of 2025. Cryptocurrency researcher Mark Quant analyzed the price of Bitcoin using Monte Carlo simulation and provided a six-month forecast for the cryptocurrency. The Monte Carlo model is a computational method that simulates price predictions and evaluates risks through random sampling. It can generate multiple possible scenarios based on variable factors such as volatility and market trends. Based on an initial price of $82,655, the study estimates the average final price of Bitcoin by the end of September 2025 to be $258,445. However, from a broader perspective, the price of Bitcoin is expected to fluctuate between $51,430 (5th percentile return) and $713,000 (95th percentile return).

According to Onchain Lens monitoring, a whale deposited 1.94 million USDC into Hyperliquid and opened a long position on ETH with 50 times leverage. The whale still has an unfilled limit order to further increase its long position on ETH at $2062 on Ethereum.

The market shows ETH breaking through $2100, now trading at $2100.44, with a 24-hour decline of 3.55%. The market is fluctuating significantly, so please manage your risks.

According to Lookonchain monitoring, in the past 7 days, stablecoins (USDT and USDC) on Ethereum increased by about $1.3 billion, while stablecoins (USDT and USDC) on Hyperliquid decreased by about $77 million.

On March 10th, according to @ai_9684xtpa monitoring, Hyperliquid 50x leveraged long BTC and ETH to profit 7.13 million US dollars. A whale deposited 1.95 million USDC as collateral 40 minutes ago, currently opened a 50x ETH long position, holding 27,809 ETH (approximately 57.88 million US dollars), with an opening price of 2,057.49 US dollars and a liquidation price of 2,008 US dollars.

Binance will launch CHESS/USDC, EGLD/USDC, OSMO/USDC, T/USDC, and UTK/USDC spot trading pairs at 16:00 on March 11, 2025 (GMT+8).

According to the latest weekly report data from CoinShares, digital asset investment products saw capital outflows for the fourth consecutive week, totaling $876 million. Due to the dual impact of price declines and continued outflows, the total assets under management (AuM) decreased by $39 billion from its peak to $142 billion, the lowest point since mid-November 2024.

According to @kyle_chasse, the Japanese financial giant SBI Group's cryptocurrency exchange SBI VC Trade has acquired 4,000 BTC, worth $330 million.

The Cayman Islands has updated its cryptocurrency regulatory framework, with the new licensing rules set to take effect on April 1, 2025. Under the 2025 Virtual Asset (Service Providers) (Amendment) Regulations, all entities providing virtual asset custody and trading platform services will need to obtain a license from the Cayman Islands Monetary Authority (CIMA). Existing Virtual Asset Service Providers (VASPs) must submit a license application within 90 days after the effective date.

On March 10th, it was reported that due to the uncertainty of Trump's policies, the US dollar stabilized after falling last week, but still remains at a weak level. Pepperstone strategist Michael Brown stated in a report that the biggest issue the market is facing is Trump's policies "constantly changing like the wind." Trump's inconsistency on tariff issues makes it difficult for market participants to price risks and accurately predict future policy paths. He said, "Now no one wants to touch US dollar assets." 

On March 10th, according to IntoTheBlock data, approximately $1.8 billion worth of ETH flowed out of exchanges last week, marking the highest weekly outflow since December 2022. Despite the ongoing bearish sentiment in the ETH market, this trend indicates that many holders view the current price level as a strategic buying opportunity.

The US stock crypto sector fell before the market, with ProShares Bitcoin Strategy ETF down 5.4% and iShares Bitcoin Trust down 5.5%.

The market showed that BTC fell below $82,000, now reporting $81,987.02, a 24-hour decline of 4.61%, with significant market fluctuations, please manage risk control.

According to Lookonchain monitoring, Strategy currently holds 499,096 bitcoins, with a total value of approximately $40.9 billion, and an average purchase price of $66,357. Since November 2024, the company has accumulated a total of 246,876 bitcoins, investing $23.2 billion (current market value is approximately $20.2 billion), with an average purchase price of $94,035, resulting in a book loss of $3 billion.

On March 10th, Unichain's active addresses surged by 21,713%, with trading volume increasing by 350%. Berachain's active addresses grew by 453%, with trading volume increasing by 421%. IOTA's active addresses grew by 126%, with trading volume increasing by 138%.