The price of Bitcoin (BTC) has broken through $106,000 (approximately 760,000 RMB), with a 24-hour increase of 3.29%, reaching a market cap of $2.1 trillion. The technical indicators show a bullish arrangement, with short-term resistance at $108,000 and support at $100,000.

Bitcoin ETFs saw a weekly net inflow of $666 million, with BlackRock's IBIT and Fidelity's FBTC dominating. JPMorgan announced it will allow clients to purchase Bitcoin but will not provide custody services for now.

In March 2026, Deribit Bitcoin futures quoted at $112,924, with the annualized basis rate rising to 7.56%, indicating strong market expectations for long-term bullish trends.

An anonymous whale tried to short $3.88 million worth of ETH with 25x leverage but failed, triggering a liquidation as ETH rose against the trend, further pushing up the price.

The Senate passed a procedural vote with 60 votes in favor, advancing the bill to the full review stage, aimed at establishing a compliance framework for stablecoin issuance, seen as a milestone for the cryptocurrency industry.

New Chair Paul Atkins emphasized 'support for innovation', promoting the drafting of crypto regulations and integrating the FinHub department to enhance efficiency, but postponed the approval of the Solana ETF for further legal risk assessment.

The Pectra upgrade is expected to be implemented in mid-2025, optimizing network performance; BlackRock's BUIDL fund holds $2.68 billion in ETH ecosystem assets, focusing on RWA (real-world asset tokenization).

Sonic SVM launched a token buyback and lock-up mechanism, with 50% of on-chain transaction fees used to buy back $SONIC and lock it for 24 months, replacing the burn model to enhance token value support.

RON appeared as a gold sponsor at the ETH Beijing hackathon 2025, showcasing its high-performance public chain (3 seconds block time, zero fees) and cross-chain solution BTTC, supporting multi-chain interoperability, processing tens of billions of USDT-TRC20 transactions daily, with on-chain users exceeding 307 million.

Former Chair of the U.S. House Financial Services Committee Patrick McHenry stated that the number of Democratic lawmakers supporting the cryptocurrency market structure bill is increasing, with relevant updates to be announced soon.

The development studio Anza, spun off from Solana Labs, announced the Alpenglow project, which will replace Solana's existing TowerBFT proof-of-stake consensus mechanism and historical proof timestamp system with new components named Votor and Rotor, marking the largest change in Solana's core protocol's history.

Bybit launched USDT direct trading for global stocks, supporting 78 popular stocks including Apple and Tesla; the TON ecosystem DEX Tradoor completed $3.2 million in funding and plans to launch an AI-driven 'text trading' feature.

The President of the New York Federal Reserve hinted at a possible rate cut within the year, while U.S. Treasury yields soared above 5%, and the correlation between Bitcoin and gold dropped to -0.54, enhancing its independent asset attributes.

Summary: The cryptocurrency market shows characteristics of being driven by favorable policies and supported by institutional funds. Bitcoin and Ethereum have broken through key resistance levels, but caution is needed for technical pullbacks. Regulatory breakthroughs have become the focus, with the (GENIUS Act) advancing or reshaping the stablecoin landscape. The SEC's cautious attitude towards the Solana ETF reflects compliance challenges.

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