Bitcoin index signals accumulation phase

Market overview

• The US stock market stabilized, with the Nasdaq briefly rising 1.24% before closing slightly lower. BTC followed suit, climbing above $83,000. From a 4-hour chart perspective, if BTC successfully breaks through the $83,000–$84,000 supply zone, it could trigger a short-term rebound, with an upside target in the $92,000–$93,000 resistance range. However, failure to break this level could present a shorting opportunity, with the potential for BTC to retest $73,000.
• BTC's market dominance is 62.17%, while the TOTAL3 market capitalization is $765 billion. The AHR999 index, a metric used to gauge Bitcoin’s market cycles, is currently at 0.8, signaling an accumulation phase where long-term investors may see buying opportunities. If BTC drops below $66,000, the index would enter a bottoming phase, indicating a potential market low.

Key events

• According to Reuters, asset management firm Franklin Templeton has filed an S-1 form with the US SEC to launch the XRP ETF, a spot exchange-traded fund designed to track the price of the cryptocurrency XRP.
• Lending protocol 3Jane has tweeted its white paper's release, allowing users to borrow with 0 collateral. 
• Japanese listed company Metaplanet has issued 2 billion yen (approximately $13.506 million) in non-interest-bearing ordinary bonds to increase its Bitcoin holdings.
• Privacy computing network Nillion has announced that the airdrop allocation check will be available on March 13.
• Artificial intelligence research lab OpenAI has launched AI agent development tools, including the Responses API and Agents SDK, to help developers and enterprises build efficient and reliable AI agents.
• According to Whale Alert monitoring, the USDC Treasury has minted $250 million USDC on the Solana blockchain.
• Strategy founder Michael Saylor has tweeted that "₿ig things are coming.", hinting at potential Bitcoin-related announcements.
• Solana's SIMD-228 upgrade proposal, which aims to reduce the SOL inflation rate by 80%, has reached quorum with 71.85% of votes in favor.
• SolanaFloor posted on the X that, despite strong community skepticism, the "2030 Lock" proposal, which aims to lock certain token allocations until 2030 to promote long-term stability and commitment within the ecosystem, has been approved by a majority vote of 63%, as put forward by Jupiter co-founder Meow.
• Hong Kong company Ming Cheng Group Holdings Limited has announced that its subsidiary Lead Benefit purchased 333 BTC with a total investment of approximately $27 million.
• According to the Decrypt, Senator Cynthia Lummis, a major advocate for Bitcoin, has reintroduced a bill to establish a strategic Bitcoin reserve, proposing the acquisition of 1 million BTC.

Hot projects

Token		Description	Market Cap（$)
	PWEASE Satirical political meme	A satirical Vance-related meme has recently gone viral due to a leaked video of a meeting between the US and Ukrainian presidents. Vance's behavior and certain remarks in the video have been widely circulated, fueling the meme’s popularity.	32 million
	DRB The first Grok concept meme	DebtReliefBot is a meme project built on the Base ecosystem, created by Grok. It has gained significant attention, with active trading and currently 13,000 wallet addresses holding the token.	36.88 million
	X33 Recently showing strong performance	X33 is the liquid-staking version of Shadow. Holding X33 allows users to automatically vote and earn rewards, making it more convenient compared to the previous system, where users had to stake xShadow tokens on the Shadow platform before voting. Additionally, X33 can be exited or exchanged without penalty. X33 is minted from xShadow tokens at a current ratio of 1:1.28.	26.43 million
	GIGA Recent token volatility	A Solana-based meme, its IP originates from a photo of Russian bodybuilder Ernest Khalimov, who is widely known as "Gigachad" due to his perfectly sculpted physique and jawline. The token was previously listed on Coinbase, with an on-chain liquidity of $6.8 million.	25.73 million

BTC ecosystem overview

• BTC Mainnet & Fractal Bitcoin Gas Fees remain at 2 sat/byte (low activity) ⚡.
• Inscription, Rune, and Fractal Bitcoin Leading Token Tracking:

1. ORDI: $8.32 (-1.19%)
2. DOG: $0.0018 (+11.22%)
3. FB: $1.02 (+19.87%)

Exchange updates

• WOO X has launched BMT/USDT and ELX/USDT perpetual contract trading with up to 10x leverage.
• Coinbase has listed RedStone (RED) and registered with India’s Financial Intelligence Unit (FIU), enabling it to offer cryptocurrency trading services in the country.
• Bitget has launched for SERAPH/USDT and BMT/USDT perpetual contracts with up to 10x leverage.
• Binance Alpha has listed Bubblemaps (BMT).
• Blockchain data visualization and analysis tool Bubblemaps has announced that its TGE will be held on PancakeSwap, and will be exclusively hosted by the Binance Wallet.
• Bybit has launched SERAPH/USDT perpetual contracts with up to 20x leverage and listed PAWS (PAWS) on Bybit Launchpool, featuring a staking reward pool of 1.2 billion PAWS.

Industry landscape

• Solana ecosystem staking infrastructure Rakurai has completed a $3 million seed funding round, led by ANAGRAM. 
• Trading protocol Vest has raised $5 million in funding, participated in by BlackRock.
• US SEC has delayed the approval of multiple spot crypto ETFs, including ADA, SOL, and XRP.
• According to Cointelegraph, US Texas Representative Ron Reynolds has proposed a limit on the state's comptroller, restricting investments from the Economic Stabilization Fund in Bitcoin to no more than $250 million.
• Crypto payments company Mesh has raised $82 million in a Series B round, led by Paradigm.
• The US House of Representatives has passed a bill to repeal the IRS DeFi broker rule, which requires DeFi platforms, such as decentralized exchanges, to disclose gross proceeds from crypto sales, including details about the taxpayers involved in these transactions.
• AI startup CoreWeave has announced a strategic deal worth up to $11.9 billion to provide AI infrastructure to OpenAI, expanding its compute capacity for training and deploying the latest models at scale to hundreds of millions of users worldwide.
• Crypto startup Arda has completed a $3 million pre-seed round, participated in by  Lightshift Capital.

Emerging projects

Token	BMT	$RICH	PROMETHEUS
Description	A token distribution and correlation analysis tool, Bubble Map has issued its token, which was launched on March 11.	A dividend token on Solana, where holders receive a 2% SOL reward daily.	A memecoin on Solana, inspired by the concept of GOAT's father, Andy Ayrey, who posted on Twitter today, stating that in the [REDACTED] document, he described the PROMETHEUS scenario, envisioning a future society where AI and humans collaborate.
Price	$0.094356	$0.01378	$0.004111
Market Cap（$）	8.9 million	10.7 million	4.1 million
Token Holders	426,700	2329	7,259

Token	BAOBAO	A47	MNSRY
Description	A memecoin on Solana, themed around panda cubs.	A47 claims to be the world’s first AI agent-driven news network, utilizing 47 AI agents to provide humorous interpretations of global political and economic events. It aims to redefine political satire and digital engagement, positioning A47 as a leading hub for political humor, community-driven content, and decentralized media. The $A47 token grants access to premium content, voting rights, and gamified interactions.	A celebrity token on Solana, Mansory is a Germany-based luxury car wholesaler specializing in high-end vehicles, including supercars, luxury SUVs, and custom bicycles. $MNSRY is the officially issued token of the brand.
Price	$0.0(6)4909	$0.03003	$0.02850
Market Cap（$）	4.90 million	30 million	25.6 million
Token Holders	3,587	10,668	5,935

Seven potential breakout tokens in volatile markets

In this high-volatility market, the following seven promising tokens have shown greater resilience and are expected to perform better during a market rebound, presenting potential investment opportunities.

1. SOL: Despite the impact of FTX repayment issues, Solana remains the most active L1 network with the highest on-chain transaction volume. Its ecosystem is well-established, and its transactions per second (TPS) is highly efficient. As on-chain activity recovers, SOL’s revenue model and ecosystem will continue to make it one of the most profitable L1s.
2. JLP: Jupiter dominates core trading within the Solana ecosystem. Its liquidity pool model ensures a clear and sustainable revenue structure, with continuous buybacks providing strong price resilience. Once SOL rebounds, JLP is expected to enter another growth phase.
3. HYPE: Dubbed the "on-chain Binance," HYPE has a transparent and well-defined business model. It consistently ranks among the top 10 revenue-generating on-chain projects, and all revenue is used for HYPE buybacks. With a smooth product experience, HYPE has significant long-term investment potential.
4. ENA: ENA powers USDE, a leading stablecoin project on-chain, offering a 9% annual yield. When the market recovers, arbitrage opportunities and yield farming returns will increase, giving ENA strong potential for appreciation.
5. BGB: The Bitget platform token is tightly controlled and well-managed. Holding BGB allows participation in PoolX, Launchpool, and other high-yield events. As Bitget's contract trading revenue grows in a bullish cycle, the platform is expected to further strengthen its native token utility.
6. BNB: The Binance platform token has high holder concentration and strong community consensus, with significant whale participation. Once the market turns bullish, BNB's price is likely to quickly rebound above $600. Accumulating BNB below $600 via dollar-cost averaging (DCA) could be a strong long-term strategy.
7. XRP: A Trump & US politics-related token, XRP has shown resilience and benefits from Trump’s pro-crypto stance. As the SEC relaxes regulations on crypto, a more favorable regulatory framework is expected, further boosting XRP’s long-term outlook.

On-chain DeFi mining yield products:

Project Name	Pendle（Blockchain：Ethereum） ←→ Token：USD0++
Project Description	USD0++ mining pool: There is no withdrawal time restriction, and withdrawals are made at market price. The pool consists of USD0++ and PT USD0++ (PT USD0++ represents USD0++ that can be redeemed upon maturity). USD0++ is the staked version of USD0, similar to a four-year locked bond. USD0 is a stablecoin backed by US Treasury securities through RWA entities such as Hashnote and BlackRock. Both are products of Usual, with USUAL as the governance token.
Participation Method	Using Pendle's Zap-in feature, users can deposit or inject funds with USD0++, with no impact on withdrawals.
Project Information	Pendle is a yield protocol built on the Ethereum blockchain, allowing users to earn returns by locking assets.
Earnings Details	Currency: USD0++ Annual yield: 20.5% (subject to fluctuations, as the base yield and PT yield are proportionally adjusted according to the pool's base assets and PT allocation) Algorithm: Algorithm: The total yield consists of a base yield of USUAL at 6.21%, a PT yield (fixed annual rate) of USD0++ at 13.61%, and a Pendle LP yield of 0.677%, which includes LP USD0++ at 0.1973% and Pendle platform incentives at 0.4797%. Liquidity yield range: 10.64% - 27.73%
Product Data	Token: USD0++ Product participation deadline: March 27, 2025 Total deposits: $34.88M (USD0++ $10.34M + PT USD0++ $24.54M) Liquidity: $34.88M

Risk: The exchange rate and value of USD0++ may fluctuate based on protocol adjustments. For example, the Usual protocol recently revised the exchange rules for USD0++, lowering its fixed price from $0.995 to $0.87, impacting holders' returns and asset value. Investors should exercise caution and conduct their research.

Disclaimer

The development and market cap of stablecoins mentioned in the above content are speculative and based on market analysis at the time of writing and should not be interpreted as guaranteed outcomes. Market conditions can fluctuate widely and unpredictably due to numerous factors such as regulatory changes, market demand, and global economic developments. 

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