ChainCatcher

The United States Securities and Exchange Commission (SEC) has postponed the decision to approve the application for an Exchange-Traded Fund (ETF) supported by AltCoins (including XRP, Solana, Litecoin, and Dogecoin). At the same time, a new proposal for an ETH 2.0 ETF has emerged, allowing the issuance party to pledge assets and distribute a portion of the proceeds to investors. Analysts predict a 90% chance of approval for the Litecoin ETF, 70% for Solana, 75% for Dogecoin, and 65% for XRP.

ChainCatcher news, according to CNGold, Barclays' latest forecast shows that the Fed may cut interest rates by 25 basis points in June and September this year, compared to the previous expectation of only one rate cut in June. This change may reflect further market considerations on inflation and the slowing rise in the economy.

The rise of CeDeFi poses Unfavourable Information for Ethereum, as what was originally operating on a distributed network of Open Source Smart Contracts now becomes closed-source code on a single server. Ethereum needs to embrace global distributed computing and censorship-resistant use cases, including Cypherpunk-style applications and untapped areas. If Ethereum performs poorly, Decentralized Finance will have a hard time rising again, as people may choose off-chain operations to save time and money.

Burn is a new on-chain trading platform based on Solana, which adopts an upgraded 'super curve' mechanism to eliminate LP dependency, achieving faster rise speed and better market Depth. The Mainnet will be launched on March 18, 2025, simultaneously starting the trading to earn points activity and limited issuance of invitation codes. Early users have the opportunity to obtain points for exchanging $BURN at a low cost. Smart Contracts are fully Open Source and only support in-platform transactions in the early stage, eliminating the risk of Liquidity removal.

ChainCatcher message, according to MistTrack monitoring, multiple phishing websites have been found to appear in Bing ads in the search results of the encryption project. Users should pay attention to asset security.
Do not connect to phishing websites to avoid asset loss.

Yesterday (March 12), BTCSpot ETF had a total net inflow of 13.3326 billion US dollars, Grayscale GBTC had a net outflow of 11.805 billion US dollars, and Grayscale Bitcoin Mini Trust ETF BTC had a net inflow of 5.5112 billion US dollars. Ark Invest and 21Shares' ETF ARKB had the highest net inflow in a single day, reaching 82.6043 billion US dollars, with a total net inflow of 2.554 billion US dollars. The total net asset value of BTCSpot ETF is 92.454 billion US dollars, with an ETF net asset ratio of 5.61%, and historical cumulative net inflow has reached 35.415 billion US dollars.

ChainCatcher news, according to Cointelegraph, the ETH/BTC ratio has dropped to the lowest level since mid-2020. Economist and cryptocurrency trader Alex Kruger said: "If you still hold ETH, now may be a good time to switch to high beta altcoins. If the market falls, losses in both scenarios may be comparable, but if the market pumps, you may get significant excess returns, and then you can switch back to BTC."
Many encryption industry professionals see the ETH/BTC ratio "bottoming out" as a signal that the AltCoin season may be starting. Benjamin Cowen, founder of Into The Cryptoverse, said that to usher in the AltCoin season, "ETH/BTC needs to bottom out and start to pump.

Eleanor Terrett will host a new podcast called "Crypto In America," discussing American Cryptocurrency policy. She will delve into the heart of the American capital with co-hosts to explore how the U.S. has become a global leader in blockchain technology. The first episode will launch on March 19th, and she also plans to release more reports on the intersection of Wall Street and Washington.

Cygnus InstaPlay attracted more than 6 million Instagram users within a month of launch, with daily visits exceeding 50 million, putting significant pressure on the servers. To maintain fairness and security, stronger anti-bot verification measures will be implemented. Cygnus is committed to building an alliance between the Instagram and Web3 communities, promoting the implementation of the Web3 Instagram App Layer, continuously optimizing platform functions to drive creator economy and user data sovereignty.

The main developer of Star Atlas, ATMTA, has reached a strategic equity investment with the Decentralization cloud gaming platform Shaga, aiming to support the development of Star Atlas game assets and $ATLAS Token, and expand the game's coverage by integrating Shaga's streaming technology. This collaboration will reduce hardware limitations, improve player accessibility, and help Star Atlas attract more audiences in the Web3 gaming world. Star Atlas is the next-generation metaverse integrating blockchain, real-time graphics, multiplayer gaming, and Decentralized Finance technology, built on Unreal Engine 5, set in a futuristic science fiction setting in the year 2620.

Offline Protocol completed a $1.1 million Pre-Seed round of financing, led by Portal Ventures, with participation from Seed Club Ventures and angel investors Paul Taylor, Rushi Manche, Rahim Noorani, etc. The funds will be used for the development of a private anti-censorship network. The Decentralization infrastructure supports peer-to-peer communication, offline payments, and locally prioritized applications, without the need for centralized servers.

According to Santiment analysis, since February 27, the volume of the entire cryptocurrency market has been continuously decreasing, showing traders' fatigue, despair, and Capitulation emotions. When the price rebounds, a weakening volume may indicate a weakening market momentum, and a lack of support may lead to another price decline. For sustained recovery, price increases and an increase in volume are needed simultaneously, but currently, the market sentiment is cautious.