Market Insights Weekly! Major Events of the Week and Meeting the Future

Time: 2025.3.8

Stablecoin Market Capitalization

Total market capitalization of stablecoins: $227.3 billion

7-day increase: 1.02%

This Week's US Spot ETF

⬇️ BTC net outflow: $699.1 million

⬇️ ETH net outflow: $82.7 million

Hot New Coins

AVL (Avalon Labs) Link: https://coinmarketcap.com/currencies/avalon-labs-avl/

Avalon Finance is a BTCFi protocol that allows users to use their held Bitcoin as collateral to obtain USDa, thereby unlocking the value they hold and increasing the use of Bitcoin within its platform. Avalon Labs also offers financial products such as Bitcoin-backed loans, interest-bearing savings accounts, and credit cards.

Initial total supply: 1,000,000,000

Circulating supply: 162,250,001

Market capitalization: 110,279,516

Major Events of the Week

On March 2, according to F2pool data, based on the current Bitcoin mining difficulty, Bitcoin price of $85,580, and electricity cost of $0.06 per kWh, Bitcoin miners Antminer S19, Shenua M33S+, and Shenua M30S+ have reached the breakeven price.

On March 7, according to CME's "FedWatch" data, there are 12 days remaining until the next FOMC meeting, with a 9% probability of a 25 basis point rate cut in March and a 91% probability of maintaining the current rate.

The first White House Cryptocurrency Summit will be held at 2:30 AM Beijing time on March 8, with attendees including executives from several crypto companies such as Coinbase, Chainlink, Exodus, and Strategy.

Looking Ahead

PancakeSwap announced that it will shut down its simple staking product at 8:00 AM on March 10, 2025, and users need to withdraw their funds before March 10, 2025.

The airdrop claim deadline for Pudgy Penguins token PENGU is March 15, 2025.

Digital Asset Summit 2025 will be held from March 18 to March 20, 2025, in New York, USA.