Gate Cryptocurrency News and Market Analysis

The World Foundation co-founded by Sam Altman sold WLD tokens for about $65 million, a discount of up to 76% compared with before. This move caused the WLD price to fall to a new all-time low; in the future, it will face large-scale token unlocks and regulatory pressure, and market confidence will continue to be shaken.

MicroStrategy's Executive Chairman Michael Saylor did not release the Bitcoin tracking chart on March 29, ending a consecutive 13-week buying signal, and instead promoted the company's perpetual preferred stock STRC. MicroStrategy has accumulated a total of 762,099 Bitcoins but is currently in a paper loss position. The company is shifting its financing focus to STRC to support future Bitcoin purchasing plans.

Bitcoin has fallen below $67,000, with a weekly decline of about 3%, influenced by U.S. military actions against Iran, along with outflows from spot Bitcoin ETFs and the return of interest rate hike expectations in pricing, leading to a fearful market sentiment. Increased miner sell-offs have been noted, but it is pointed out that demand-side expansion confirmation is needed to maintain a bullish outlook.