BTC eyes $92K if stability holds $83K-$84K level

Market overview

• The latest US inflation data sparked a market rally, with core CPI rising 3.1% year-over-year in February—the lowest level since April 2021. While expectations were at 3.2% and the previous reading stood at 3.3%, month-over-month and year-over-year figures came in below forecasts. This fueled speculation of two rate cuts in 2025, sending risk assets higher. The Nasdaq surged 1.22%, while BTC rebounded above $84,000, with $92,000 as the next technical target if it stabilizes at current levels.
• Meanwhile, extreme leverage trading led to volatility in ETH prices on Hyper. On March 12, a whale opened a $340 million ETH long position using just $15 million in capital. The move, amplified by massive open interest and copy trading, triggered a short-term ETH price surge, with unrealized profits peaking at $8.5 million. However, due to insufficient market liquidity, closing the position caused ETH prices to decline continuously, making it difficult to exit profitably.
• To mitigate losses, the whale partially closed positions and withdrew $17 million, securing a net profit of around $2 million. However, by reducing collateral, the whale raised the liquidation price, making the position more vulnerable. When the price eventually dropped further, Hyper’s Liquidity Provider (HLP) was forced to absorb the whale’s massive ETH-long position, leading to losses for the liquidity provider.
• Since on-chain trading requires no KYC, such arbitrage strategies could expose platforms like Hyper to systemic risks. To address this, potential solutions include:

1. Limiting leverage & capping position sizes to prevent excessively large trades with low collateral.
2. Restricting unrealized profit withdrawals, preventing traders from reducing collateral after making gains to exploit the system.
3. Introducing bankruptcy protection, forced position reductions, and tiered margin requirements to manage extreme liquidation scenarios.
4. Implementing an HLP hedging strategy, where the liquidity provider offsets risk by purchasing corresponding spot assets or shorting equivalent positions when whales open highly leveraged longs.

With crypto markets heating up amid macro tailwinds, risk management and liquidity safeguards remain crucial for trading platforms.

Key events

• Layer 1 blockchain Shardeum has tweeted an airdrop-related emoji, possibly hinting at a token airdrop.
• According to Mars Finance, the AI Agents creation protocol Virtuals Protocol has launched a multi-agent framework Agent Commercial Protocol (ACP), aiming to make collaboration between AI agents as natural and efficient as transactions between humans.
• Base chain AI project Venice has burned approximately $100 million worth of unclaimed VVV tokens.
• The Strategic Bitcoin Reserve Bill, proposed by US Senator Cynthia Lummis, has been published on the official US Congressional website.
• Modular blockchain network Hemi has launched its mainnet, reaching a total value locked (TVL) of $440 million.
• The Chicago Board Options Exchange (CBOE), on behalf of assets manager Franklin Templeton, has submitted a 19b-4 form to the US SEC to list and trade shares of the Franklin Solana ETF.
• Privacy computing network Nillion has opened NIL airdrop allocation inquiries.
• The non-custodial liquidity protocol Aave announced on X that its market on the Base chain has launched Circle's Euro stablecoin, EURC.
• According to The Block, BlockTower Capital's venture capital arm has been spun off into Strobe Ventures and plans to raise $100 million.
• Latin American cryptocurrency exchange Mercado Bitcoin has partnered with innovative blockchain firm Polygon Labs to issue $200 million in tokenized assets.
• Decentralized derivative protocol dYdX has published an updated roadmap, planning to enhance the protocol in 2025 to support pre-launch and RWA.
• According to Whale Alert monitoring, the USDC Treasury has minted 50 million new USDC on Ethereum.

Hot projects

Token		Description	Market Cap（$)
	DOGINME Popular Base ecosystem meme	The origin of vDOGINME traces back to a Farcaster user asking Dan Romero (DWR), the founder of the decentralized social media platform, whether he owned a dog. DWR confirmed, and "doginme" came to represent the Farcaster founder's dog. Within the Base ecosystem, it holds symbolic significance.	26.97 million
	KEYCAT Viral cat meme	The protagonist of Keyboard Cat is a cat named Fatso, who displayed an astonishing musical talent while playing the keyboard! Since Fatso first appeared in 2007, two other cats, Bento and Skinny, have carried on the tradition, using their paws to bring joy to the internet. This meme image has brought a lot of happiness to people, and KEYCAT is built on the Base ecosystem.	29.95 million
	VIC Recently showing strong performance	Viction is a public blockchain compatible with EVM, powered by a scalable Proof-of-Stake consensus mechanism. This allows every Ethereum smart contract to operate with near-instant transaction confirmation. A hard fork on October 15, 2024, increased VIC’s total supply from 100 million to 210 million. Recently, Binance launched VIC futures trading, boosting market activity.	175 million
	TOSHI Base ecosystem meme	TOSHI is a meme built on Base, named after Coinbase founder and CEO Brian Armstrong’s cat. It was launched on Coinbase on January 23.	190 million
	MIGGLES Base ecosystem meme	Mister Miggles is a cat meme built on Coinbase. In the early hours of July 17, 2024, Coinbase posted a teaser tweet, “7.17.24,” accompanied by a cat video. The video tells the story of a cat named "Mister Miggles," which went viral due to a single photo. Base chain founder Jesse Pollak also purchased MIGGLES, causing its price to surge 900x at one point.	29 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: $8.66 (+5.32%)
2. DOG: $0.0017 (-2.68%)
3. FB: $1.23 (+6.95%)

Exchange updates

• Coinbase has listed Aethir (ATH) and Maple Finance (SYRUP).
• Binance has launched VIC/USDT perpetual contracts with up to 75x leverage and will delist the IDEX/BTC, LQTY/BTC, and THE/BNB trading pairs on March 14, while Binance Alpha, as part of its latest compliance review, will remove 23 tokens, including FAI and METAV, under its newly implemented comprehensive token review framework.
• Bitget Wallet has launched a new 1 million BGB staking pool, offering users a fixed 5% APY.
• Bybit has listed ELX/USDT perpetual contracts with up to 20x leverage.

Industry landscape

• According to Decrypt, US Nebraska Governor Jim Pillen has signed the LB609 bill, which regulates operators of controllable electronic records and imposes oversight on Bitcoin and crypto ATMs to protect customers from scams.
• UAE technology investment company  MGX has invested $2 billion in Binance, acquiring a minority stake.
• Web3 game developer M10 has completed a $3 million pre-seed funding round, participated in by Sui Foundation.
• MEXC Ventures, the investment arm of the crypto exchange MEXC, will invest a total of $36 million in Ethena and its USDe stablecoin. 
• The Central Bank of the Russian Federation has proposed allowing “a limited circle of Russian investors” to trade cryptocurrencies under a special experimental legal regime for three years.
• The Monetary Authority of Singapore (MAS) and the State Securities Commission of Vietnam (SSC) have announced enhanced cooperation in the regulation of capital markets and the regulatory framework for digital assets to support the development of Vietnam's regulatory framework for digital assets.

Emerging projects

Token	DISTRIBUTE	EIC	KYLIE
Description	A Launchpad on Solana that also functions as a dividend-sharing token. Using this platform to issue tokens allows for easy setup of tax fees and dividend mechanisms, eliminating the need for developers to rewrite code.	A memecoin on Solana, inspired by the public narratives of Trump and Musk. Its concept aligns closely with the idea that "everything is a computer."	An AI token on Base, developed by Kaito AI, representing a fully AI-generated influencer and a verified yapper.
Price	$0.001224	$0.004518	$0.001664
Market Cap（$）	1.22 million	4.51 million	1.66 million
Token Holders	4,421	5,104	20,723

Token	HELIO	Four	CLIZA
Description	An AI token on Solana, designed to leverage AI for on-chain data analysis, revealing complex connections between wallets, tokens, and centralized exchanges (CEXs). It utilizes the Deepseek model and was shared by Toly today.	A memecoin on Base, inspired by a spin-off character from the 2010 children's cartoon Battle for BFDI. The character also symbolizes chaos.	A Launchpad on Base that allows users to issue tokens simply by tagging CLIZA on X and naming their token.
Price	$0.001860	$0.007739	$0.001684
Market Cap（$）	1.86 million	7.73 million	1.68 million
Token Holders	7,388	1,444	5,164

Other opportunities

On-chain DeFi mining yield products:

Project Name	Mropho（Blockchain：Ethereum） ←→ Token：DAI
Project Description	Spark DAI Vault: A vault curated by SparkDAO
Participation Method	Participate in Spark DAI Vault through the Morpho official website. Join Savings DAI through Spark, offering an annual interest rate of 5.5%.
Project Information	Morpho: A lending protocol. Morpho-Compound enhances Compound by maintaining the same user experience, liquidity, and liquidation parameters, while its peer-to-peer matching mechanism improves APY.
Earnings Details	Staked currency: DAI Withdrawal cycle: T+1 Annual interest rate: 7.80% (Fluctuates; native yield is 6.83% with no management fees.)
Product Data	Token: DAI Total deposits: 600.81M Liquidity: $138.63M 7-day yield: 8.13%

Risk: Investors should proceed with 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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