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PANews March 13th news, according to Deribit data, approximately $32.7 billion of encryptionOptions will expire this Friday. Among them, BTC (BTC) Options have a notional value of $28.7 billion, with a maximum pain price of $86,000, and a Put/Call ratio of 0.74; ETH (ETH) Options have a notional value of $3.99 billion, with a maximum pain price of $2,150, and a Put/Call ratio of 0.71.

Renowned trader Eugene said that excessively insisting on bearish views may be the biggest mistake, as large funds often make money when they are long. He emphasized the need for flexibility in market views, to quickly interpret new information and adjust strategies, and not to be too confident in market predictions. He believes BTC may decline to test the psychological barrier of $66,000, and $75,000 is the final support. In the short term, it will not be affected by comments from Trump, Bessent, or Powell.

"swing trading whale" was once famous for its high success rate in Swing Trading, but recently switched to high-frequency trading. Frequent operations did not bring profits but instead resulted in losses. After suspending operations, the floating losses of WBTC and ETH Positions held are approximately $2.74 million.

Analyst Eugene believes that, despite the possibility of BTC forming a double bottom at 76k or in the 74-76k range, the overall trend still leans towards a downtrend, and the market has not yet seen enough dumping to clear the excess emotions. He expects BTC to potentially test the psychological barrier of 66k and follow the market's performance below that level. In addition, he points out that BTC has a high correlation with stocks and will not experience a short-term reversal due to policy influences. If the PPI data is good and BTC reaches the 80k range, shorting may be considered.

Today, the total trading volume of all Hong Kong virtual asset ETFs is approximately 10.1796 million Hong Kong dollars. The trading volumes of different virtual asset ETFs are as follows: Huaxia BTC ETF is 8.15828 million Hong Kong dollars, Huaxia Ethereum ETF is 0.7424 million Hong Kong dollars; Jiashi BTC ETF is 0.2134 million Hong Kong dollars, Jiashi Ethereum ETF is 0.2254 million Hong Kong dollars; Boshi BTC ETF is 0.6348 million Hong Kong dollars, and Boshi Ethereum ETF is 0.2053 million Hong Kong dollars.

BTC trader Eugene believes that BTC is trending downwards and may touch the support at $75,000, considering testing the $66,000 level. He points out that the uptrend has been broken and will not be affected by US stocks or comments from important figures. With positive US PPI data, shorting above $80,000 may be considered.

Nebraska requires CryptocurrencyATMs to provide clear anti-fraud warnings to users before transactions to prevent fraudulent transactions. The new regulations will take effect from March 13, 2025, and apply to all CryptocurrencyATMs in Nebraska. Operators must ensure that users acknowledge the warning to raise public awareness of the risks associated with Cryptocurrency transactions.

According to official sources, Megabit will launch VIC/USDT 1-75x Perptual Futures on March 13, 2025 at 18:00 (SGT TIME).

Odaily Planet Daily News Babylon Foundation announced on the X platform that, as many users were only able to register for the Airdrop recently, the Airdrop registration deadline will be extended by 4 days to 8:00 a.m. UTC on March 19th.

The Bankrbot team has adjusted the system to prevent the interaction of GROK, terminating the accidental generation of 17 Tokens. Users took advantage of the feature of creating Tokens with GROK to deploy over 16 additional Tokens, and related Wallets have Money Laundering over $500,000. The founder of Bankrbot has cut off the automatic response mechanism of GROK to avoid potential risks.

Odaily Planet Daily News Latest on-chain data shows that the total GT on-chain stake has risen to 38.65 million, an increase of 2.26 million from the previous quarter, with a static yield of up to 6.80%. It is reported that the 24-hour increase in GT is 3.27%, now at $20.363.

PANews March 13th news, DeFiance Capital founder and chief investment officer Arthur said on social media that the encryption market may have entered the 'fat protocol theory' endgame, which has caused long-term damage to the investment value of encryption assets other than Bitcoin. He pointed out that the successful application project valuation is usually 5 to 15 times the revenue, while the valuation of infrastructure projects that have not seen a rise in the past two years still remains as high as 150 to 1000 times the revenue. He believes that the speculative premium bubble of encryption infrastructure has officially burst.

Decentralized Finance Capital founder Arthur Cheong stated that the impact of the 'Fat Protocol Thesis' on the encryption market is weakening, and the speculative bubble of infrastructure projects has burst. He pointed out that the P/E ratios of Decentralized Finance applications generally range from 5-15 times, while the valuations of infrastructure projects such as Ethereum and Solana still reach as high as 150x-1000x price/revenue ratio. Cheong believes that the market is re-evaluating valuations, and that Decentralized Finance and other application-oriented projects will receive more attention, while the premium of infrastructure projects has been absorbed by the market.

Golden Finance reported that Bit Universe, a Hong Kong-listed company, announced that it has entered into a placement protocol with a placement agent to distribute up to 40 million shares to no fewer than six placees, at a price of HK$0.41 per share, representing a discount of approximately 19.61% from the closing price of HK$0.510 per share on that day, raising a net maximum of approximately HK$16 million. The company intends to use the net proceeds from the placement for the application of relevant licenses required to operate a virtual asset trading platform.