March 12, 2025: Events in the Cryptocurrency World
Within 24 hours, Bitcoin has once again fallen below $80,000 (hitting a low of $76,000), Ethereum dipped to $1,700, and a total of $120 million in liquidation occurred across the market, spreading panic among investors.
The U.S. SEC has postponed the approval of six cryptocurrency ETFs, including Grayscale DOGE and VanEck SOL, further dampening market sentiment.
Standard Chartered has called out that "Bitcoin will surge to $200,000 by the end of the year," claiming that the current decline is a ripple effect from the widespread decline of risk assets.
Mt. Gox has transferred $930 million in BTC, possibly initiating creditor payouts.
Coinbase has been authorized to resume trading in India, and Gemini has been exposed for secretly preparing for a U.S. stock IPO.
The mainnet migration has surpassed 7.487 billion tokens, with 5.6 billion locked and 1.888 billion in circulation; the deadline for K verification is March 14.
A Web3 advertising platform, modeled after Google, has been launched, rewarding users with tokens for viewing ads, while creators can earn a share (advertisers must pay with tokens, directly stimulating demand).
The Prime Minister of Vietnam has requested the submission of a regulatory framework for digital assets by March 13, potentially making it the first Asian country to advance Web3 policies.
Spain's BBVA Bank has been approved to conduct Bitcoin and Ethereum transactions, becoming the first mainstream bank in Europe to test the waters (traditional institutions making their next move).
A partial ceasefire between Russia and Ukraine: a 30-day buffer period alleviates energy and supply chain anxieties, directly triggering a rebound in the cryptocurrency market.
U.S.-Canada tariff war paused: Canada has halted tariffs on electricity exports to the U.S. in exchange for the U.S. postponing escalations on steel and aluminum tariffs, leading to a recovery expectation in North American manufacturing.
Federal Reserve policy disturbances: a reduced probability of interest rate cuts has put pressure on U.S. stocks, with the Nasdaq experiencing a 5% drop over the week, causing volatility in the cryptocurrency market as well.
Summary: The market experienced a dramatic drop and rebound on the fifth anniversary of "312," with Web3 infrastructure accelerating but technical risks remaining.
Remember: Geopolitical black swans specifically target leveraged gamblers; surviving is essential to benefit from the next bull market.
#加密货币 #Web3 #312五周年 #地缘风险