When fear and greed battle in candlestick charts, the true hunters are picking up bloody chips in the craters! Here is the blockchain outpost, tearing through the fog to strike at the frontlines of the crypto battlefield!
Bitcoin ETF sees outflows while Ethereum ETF attracts funds contrary to the trend.
Bitcoin ETF: Yesterday saw a net outflow of $71 million, with Bitwise's BITB single fund experiencing a $19.9 million outflow. Throughout March, Bitcoin ETF had a cumulative net outflow of $745 million, but BlackRock's IBIT still attracted $261 million against the trend.
Ethereum ETF: Yesterday saw a net inflow of $6.4 million, with market sentiment showing signs of recovery.
Investor Status: Currently, Bitcoin ETF holders have an average unrealized gain of 17%, indicating that most are still in profit.
Trump family's crypto business sparks controversy, legislative process stalled.
Congress Criticism: French Hill, chairman of the House Financial Services Committee, publicly criticized the Trump family's involvement in cryptocurrency (such as launching meme coins and stablecoin projects), stating it complicates crypto legislation.
Stablecoin Bill Progress: The House will review the stablecoin bill this Wednesday, but Trump's business actions have given Democrats reasons to oppose. Senator Warren directly criticized the USD1 stablecoin supported by Trump as a 'scam' and demanded legislation to restrict similar projects.
Family Holdings Exposed: The Trump family holds at least 60% of WLFI (a crypto-related company) through a new company, raising further concerns about conflicts of interest.
Nigeria officially recognizes cryptocurrency as legal and cracks down on fraud.
New legislation takes effect: President Tinubu signs the Investment and Securities Act (2025), explicitly recognizing cryptocurrency as a legal asset class and requiring law enforcement to cease harassment of industry practitioners.
Regulatory Upgrade: The Nigerian Securities and Exchange Commission (SEC) will directly regulate virtual asset service providers (VASP) and fiercely crack down on Ponzi schemes, with offenders possibly facing imprisonment.
Overview of Major Industry Events
Tether hoards coins: In the first quarter of this year, it bought another 8,888 BTC (worth $735 million), bringing its total holdings to 92,600 coins, with unrealized gains exceeding $3.8 billion.
Vitalik liquidates MEME coins: Sold the last 5,000 DHN and 20 trillion LEDOG, cashing out approximately $110,000, and donated $500,000 to the experimental project Zuitzerland.
Hacker 'self-explodes': The hacker attacking zkLend accidentally clicked on a phishing site and lost 2,930 ETH (approximately $9 million), helplessly apologizing on-chain and requesting the project team to investigate the real culprit.
OpenAI opens AI image generation: ChatGPT's image generation feature is now available to all free users.
Market Performance Weak
Cryptocurrency performance in Q1 2025 is dismal: Bitcoin fell a cumulative 11.82%, and Ethereum plummeted 45.41%, recording the worst quarterly performance in seven years. Hacker attack losses surged by 131% year-on-year, reaching $1.63 billion, but losses in March alone fell to $28.8 million, as some stolen funds were recovered.
Market Situation
Recent prices have generally trended downwards, but signs of a rebound are appearing, with current prices fluctuating around 83,500. The likelihood of a short-term rebound will increase. The upper pressure is around 88,000; only by breaking through this position can there be a chance to restore the upward trend.
Policy and Economic Trends
U.S. senator proposes allowing retirement funds to invest in cryptocurrencies.
Reserve Bank of Australia pauses interest rate cuts, keeping the benchmark rate unchanged at 4.1%.
Trump's tariff policy to be announced at 3 AM Beijing time tomorrow, market risk aversion sentiment rises.
The U.S. government plans to complete its first audit of cryptocurrency holdings by April 5.
Summary
The current market is like a gamble before the storm—gold skyrocketing reflects panic, Bitcoin's plummet signifies capital flight, and Trump's policies hang like a sword overhead. Retail investors remember: when you don't understand, doing nothing is the best action!
(This content is for the wide range of cryptocurrency enthusiasts to learn and communicate, and does not constitute investment opinions or advice. Please view rationally, uphold correct concepts, and enhance risk awareness.)
