Good afternoon, everyone, let's talk about the performance of the Crypto Assets market as of March 21, 14:00 Beijing time:

1. **Mainstream Coin Prices**:
- From the 20th to the 21st, Bitcoin rose by 1.70%, reaching approximately 84,000 USD; Ethereum peaked around 2,173 USD.
- XRP benefited from the SEC's termination of the lawsuit, rising over 6%; Solana and BNB increased by nearly 2%.
2. **Market Volatility**:
- In the past 24 hours, the total liquidation in the futures market reached 340 million USD, with over 100,000 people liquidated, and short positions accounted for over 60%.
3. **Policy and Regulatory Impact**:
- The SEC announced it would abandon its appeal in the XRP case, seen as a significant victory for the industry, boosting market confidence;
- The Fed kept interest rates unchanged, Powell called tariff-induced inflation "transitory", easing market concerns and risky assets rally;
- The SEC held a roundtable on March 21 to discuss the adjustment of regulations for Crypto Assets custody, which may delay compliance deadlines, with compliant platforms like XBIT under scrutiny.
4. **Market Sentiment Divergence**:
- Institutions continue to accumulate Bitcoin (e.g., Metaplanet increased its holdings by $134 million BTC), but the short-term bearish trend still exists, and the CME gap pressure has not dissipated.
- Trump's tariff policy exacerbates volatility, and the market is focused on the shift in macro policies.
5. **Other Dynamics**:
- The decentralized storage token STORJ has seen a weekly increase of over 40% due to mainnet upgrades and ecological collaborations, reaching a new high in circulating market value for the year;
- The XBIT exchange has become a safe haven choice due to compliance innovations (such as zero-knowledge proof technology) and institutional-grade custody solutions, with a single-day block trading volume reaching $700 million.