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According to CoinDesk, as of 1 AM, the number of long positions in BTC/USD on the Bitfinex exchange has surged to 79,343, reaching a 28-month high since November 2023.Historical data indicates that the surge in long positions on this platform has often served as a contrarian indicator, typically signaling price tops and impending sell-offs. For example, in the fourth quarter of 2025, while the number of BTC/USD longs increased by 30%, the spot price of Bitcoin fell by 23%.Currently, this extreme bullish sentiment indicator has once again raised a red flag. Coupled with geopolitical tensions and macroeconomic pressures, market analysts believe that Bitcoin's consolidation in the $65,000 to $75,000 range may end with a downward breakout, deepening the downtrend that began from last year's peak.

On-chain analyst Yu Jin tweeted that the stablecoin USD1 has increased its total supply from about 3.3 billion dollars to 4.4 billion dollars since Binance launched its subsidy program at the end of January, an increase of about 1.1 billion dollars.The author cited on-chain data stating that the main increase came from Solana: before the event, the supply of USD1 on Solana was about 160 million dollars, and it is currently about 880 million dollars, an increase of about 720 million dollars, with the remaining approximately 380 million dollars of increase distributed across BSC and Ethereum. Currently, the supply of USD1 is mainly concentrated on the aforementioned three chains.

According to Cointelegraph, Twenty One Capital, founded by Jack Mallers, currently holds 43,514 bitcoins, making it the second largest publicly traded bitcoin treasury company, second only to Strategy's 762,099 bitcoins.The previously second-ranked mining company MARA has fallen to third place after selling 15,133 bitcoins (approximately $1 billion). Analysts point out that MARA increased its bitcoin holdings through debt during the bull market and is now forced to sell bitcoins at a loss to repay debts, which is exactly the scenario that critics of debt-driven treasury strategies warned about.This model sharply contrasts with Strategy's approach of viewing bitcoin as "perpetual digital credit" and continuously using bitcoin as collateral to finance acquisitions. Analysts believe this reflects the survival pressure faced by crypto treasuries and mining companies in a bear market environment.

According to Jinshi reports, Federal Reserve Governor Barr stated that the economy remains resilient amid a series of shocks, but these shocks make it more complicated for the Federal Reserve to achieve the 2% inflation target.

According to Cointelegraph, Nic Carter, founding partner of Castle Island Ventures, stated that Bitcoin's lag in quantum resistance could become a bullish reason for Ethereum.Carter mentioned that elliptic curve cryptography is nearing obsolescence, and blockchain developers need to accept the necessity of variable cryptography. He pointed out that Bitcoin developers are "turning a blind eye" to the quantum resistance issue, while Ethereum developers have made it a "top strategic priority" and have developed a detailed anti-quantum roadmap. Carter believes that unless Bitcoin changes rapidly, the ETH/BTC ratio will begin to reflect this difference in priorities. Previously, ARK Invest reported that about one-third of Bitcoin faces quantum threats, but this is considered a long-term risk. Ethereum co-founder Vitalik Buterin proposed a quantum resistance roadmap in February. A co-author of BIP-360 responded that core contributors have been involved in the proposal. Carter criticized Bitcoin core developers for "denying, misleading, and rejecting community feedback," while Bitcoin developers stated that the proposal has received the most comments in history.

According to a report by Coinshares, Bitcoin mining profit margins are at a historical low. In the first quarter of 2026, the hash price fell to about $28-30 per PH/s/day, reaching a new low after the halving. The weighted average cash cost in the fourth quarter of 2025 reached about $80,000 per coin, with approximately 15-20% of mining machines globally operating at a loss.The transition of mining companies to AI is no longer an option. Publicly listed mining companies have cumulatively announced over $70 billion in AI/HPC contracts, and by the end of 2026, up to 70% of the revenue for listed mining companies may come from AI. Some mining companies are taking on huge debts for AI construction, fundamentally changing the risk landscape of the industry. There is a significant divergence in the valuation of mining companies; those obtaining HPC contracts have an EV/NTM revenue multiple of 12.3 times, while pure mining companies have a multiple of 5.9 times. The industry has differentiated into infrastructure companies and mining companies, with vastly different prospects for both.

According to CoinDesk, Vibhu Norby, Chief Product Officer of the Solana Foundation, stated at the New York Digital Assets Summit (DAS) that the Solana network has processed 15,000,000 on-chain payments from AI agents, primarily for machine-to-machine commercial interactions, with stablecoins becoming the default settlement tool for AI agents' payment computing power and services.Norby pointed out that the programmable nature of AI agent payments gives it a unique advantage in the crypto payment landscape and believes this trend will fundamentally change the monetization model of the internet, supporting micropayments billed by usage down to fractions of a cent, which traditional payment rails cannot achieve. Norby stated that when AI agents choose a crypto payment method, Solana typically ranks highly.He anticipates that in the future, 95% to 99% of crypto transactions will be initiated by large language models (LLM), and the primary way users will interact with crypto networks will shift to being completed through AI agents.

According to The Block, Mizuho analysts Dan Dolev and Alexander Jenkins stated that after Mastercard's acquisition of the stablecoin startup BVNK, it is expected to become a "network connector" between fiat and cryptocurrency. The analysts pointed out that stablecoins will serve as accelerators for existing networks rather than threats, especially in areas such as B2B cross-border payments, remittances, the creator economy, and the gig economy, where card penetration is limited, and stablecoins can unleash faster, cheaper, and round-the-clock payment capabilities.The analysts maintained Mastercard's "outperform" rating, with a target stock price of $666. Mastercard previously announced plans to acquire BVNK for $1.8 billion, which provides fiat and cryptocurrency deposit and withdrawal channels, stablecoin and tokenized deposit conversions, cross-chain functionality, and wallet infrastructure. Mizuho noted that BVNK's licensing framework allows clients to quickly launch their businesses and supports a long-term transition to self-managed banking infrastructure; meanwhile, Mastercard has joined a global crypto partnership program consisting of over 85 crypto-native companies.

Visa announced that it will join the Canton Network, becoming the first major global payment company to serve as a super validator. Visa will be one of 40 super validators, helping banks and financial institutions move payment flows on-chain.Rubail Birwadker, Head of Global Growth Products and Strategic Partnerships at Visa, stated: "Many banks see the lack of privacy as a fatal flaw in moving meaningful activities on-chain. By operating as a super validator on the Canton Network, we bring Visa-level trust, governance, and operational rigor to a privacy-preserving blockchain infrastructure, enabling regulated financial institutions to move payments on-chain without having to rethink how they operate."

Investment bank Mizuho stated that after acquiring the stablecoin infrastructure company BVNK, Mastercard is expected to become a "network connector" linking crypto assets with fiat currency systems, further expanding its payment ecosystem.Analysis indicates that stablecoins will not undermine Mastercard's core card payment business; instead, they will serve as an "accelerator" for its network, particularly in areas such as B2B cross-border payments, remittances, and the creator and gig economy, facilitating faster, lower-cost, 24/7 capital flow. Mizuho maintains an "outperform" rating on Mastercard and sets a target price of $666.Analysts believe that in the aforementioned emerging scenarios, the penetration rate of traditional bank cards remains relatively low, and stablecoins are expected to fill this gap, while card payments will continue to serve as the core entry point for consumers. It is reported that Mastercard has agreed to acquire BVNK for up to $1.8 billion. This transaction is seen as an important step in continuing its role as a "network connector," expanding its business into the conversion and settlement between stablecoins and fiat currencies.Against the backdrop of a gradually loosening regulatory environment and traditional payment giants like Visa and Stripe accelerating their layout in stablecoins, stablecoins are becoming an important growth direction for the global payment system.

The Solana Foundation stated that it will position the Solana network as the core infrastructure of the emerging "agentic internet," where economic activities are initiated and executed by AI systems rather than humans.Vibhu Norby, Chief Product Officer of the Solana Foundation, stated at the New York Digital Assets Summit that AI is not a single vertical industry but a platform transformation that affects various sectors, including crypto. The strategic core of Solana is payment infrastructure, and the network has processed approximately 15 million on-chain payments initiated by agents, primarily for machine-to-machine commercial transactions. The programmatic nature of crypto payments is key to attracting agents, and stablecoins will become the default method for paying for any computational resources.Vibhu Norby believes this will fundamentally reshape internet business models, making micropayments and pay-per-use possible, which traditional payment channels cannot support. The Solana Foundation emphasizes that its high-performance design has advantages in this new paradigm: "Agents are calm, precise machines... If you ask agents how to use crypto payments, Solana often ranks as the preferred choice."Additionally, advancements in AI technology have lowered the development threshold, and Solana developers are directly building tools for AI systems, including machine-readable "skill" files and AI-first development platforms. Norby anticipates that in the future, user interactions with crypto will default to agents, with 95% to 99% of transactions initiated by large language models (LLMs).

According to on-site reports from Bloomberg, Morgan Stanley, which manages $10 trillion in assets, will become the first major U.S. bank to issue and sponsor a Bitcoin ETF.

According to the Iranian SNN news agency, Iranian Navy Commander Irani stated that the U.S. aircraft carrier strike group "Lincoln" is under continuous surveillance by Iran, and once it enters the range of the missile system, it will become a target for attack.

Duncan Moir, President of 21Shares, stated that as the crypto market matures from simple price-tracking funds, actively managed exchange-traded products will become the next phase of crypto investment. Data compiled by Morningstar and Goldman Sachs Asset Management shows that by the end of 2025, global assets in actively managed ETFs are expected to approach $1.8 trillion.Duncan Moir pointed out that crypto, as an emerging and growing asset class, is particularly suitable for active management; 21Shares combines bottom-up research on single assets with quantitative and top-down strategies to manage risk and allocation, and has expanded its portfolio management and trading team.Duncan Moir added that after FalconX acquired 21Shares in October, the integration of the two is expected to accelerate product development, especially in the direction of more complex products. He stated that the demand for crypto ETPs and ETFs varies by region, with Europe having a more mature investor base, where institutions holding Bitcoin and Ethereum are seeking to further increase their crypto allocation.In this context, 21Shares recently launched an exchange-traded product in Europe linked to Strategy preferred stock STRC, providing exposure to high-yield tools related to the company's Bitcoin capital strategy, and noted that early demand for the product has been strong in multiple regions.Reports mention that as the crypto ETP and ETF market develops, issuers are launching more complex structures, with staking becoming one of the growth directions; Grayscale introduced staking in its ETP in October, and BlackRock launched a Nasdaq-listed Ethereum product with a staking mechanism in March, recording a trading volume of $15.5 million on its first day.Duncan Moir stated that 21Shares evaluates new products based on internal research, customer demand, and market trends, and cited its Bitcoin and gold ETP as an example, noting that the product has been running for four years and was recently cross-listed in London.

According to monitoring by Hyperinsight, a large whale address starting with "0xfa5db" was newly created 6 days ago. After depositing approximately 5 million dollars in principal, it only opened a short position in on-chain crude oil (xyz:CL) and has now become the third largest short in this variety.Its position value is approximately 9.6 million dollars, with an opening average price of 95.5 dollars, a liquidation price of 139.844 dollars, and a current floating profit of about 400,000 dollars.

On March 24th at 8 PM, a Space live broadcast focusing on "AI Agent Value Distribution Rights" will be held. As major companies deepen their model capabilities and leading public chains execute and settle, AI is transitioning from a "tool" to "self-generating revenue," sparking in-depth discussions about human roles, investment opportunities, and asset risks. This Space will invite industry guests to engage in dialogue around core topics such as how ordinary people can face the "AI profit-making" wave, the irreplaceability of transactions and operations executed by Agents, and the efficiency and risks of AI managing assets.Users are encouraged to follow the official accounts @sunpumpmeme and @Agent_SunGenX, retweet the post, and @ three friends. The official account will randomly select 5 lucky users from participants to receive a reward of 10 USDT each.

According to The Block, analysts from the research and brokerage firm Bernstein pointed out that Circle and Coinbase are the main tools for gaining exposure to the growth of stablecoins, due to the partnership between the two companies around USDC and the emerging role of stablecoins in smart agent payments, which could become an important driver of their future growth.In a report released on Monday, analysts led by Gautam Chhugani wrote, "We believe that smart agent payments provide an upside optionality for stablecoins. This is not a factor that currently has a substantial impact on the demand for stablecoins, but in the future smart agent economy, stablecoins may play a certain role." The analysts noted that so-called machine payments refer to transactions initiated, authorized, and completed by software or autonomous devices, rather than by human operation. These payments differ from automatic bill payments or subscription models; they are essentially programmatic, enabling real-time decision-making, price negotiation, and instant settlement without human intervention.Bernstein believes that stablecoins have a natural advantage in this environment because of their programmability, instant settlement capabilities, support for micropayments, and global reach. Payment logic such as escrow, conditional payments, or revenue distribution can be directly embedded in stablecoins, allowing smart agents to complete transactions without connecting to banks or waiting for confirmations.The report also pointed out that transactions can be settled in seconds, allowing AI agents to pay for computing power or data in real-time; high-throughput blockchains and state channels make large-scale micropayments economically viable; at the same time, stablecoins have cross-border attributes, eliminating the need to rely on SWIFT, correspondent banking systems, or foreign exchange conversions, thereby further reducing transaction costs.

Yili Hua posted on platform X, stating: "The Middle East war is lasting longer than expected. Although this is not very Trump-like, Russia has been caught off guard, and it turns out that the world's hegemon is also far beyond expectations. In this situation, oil prices continue to rise, and the only strategy for all assets is to seek safety. Fortunately, we are only looking for rebounds rather than reversals. After triggering stop losses, we calmly wait for the situation to clarify.Since the 1011 incident, the entire cryptocurrency industry has seen a continuous decline in liquidity. The 1011 incident wiped out the most active middle-class investors in crypto, and various trading restrictions from leading platforms have pushed market enthusiasm to freezing point. The normal rebound that should have occurred after a significant drop has disappeared. However, the extreme freezing point this year will also present the biggest opportunity for bottom fishing, just like the last round when BTC dropped to 16,000. As for whether you bottomed at 16,000 or 20,000, it makes no difference."