Odaily Planet Daily News Coinbase Chief Security Officer Philip Martin called on the United States to integrate the current decentralized crypto fraud reporting system at the SXSW conference and establish a single platform to handle all reports. Martin said that at present, when victims report to multiple agencies such as the FBI's IC3, "it feels like shouting into the void", and a unified platform will help authorities more accurately grasp the scale of the problem and allocate resources more effectively. He also emphasized that most crypto frauds originate from countries outside the United States, such as Myanmar and Laos, and there are difficulties in law enforcement, and international cooperation is needed to combat them. (Cointelegraph)

Odaily Planet Daily News Binance will suspend KDA deposits and withdrawals at 7:00 (UTC+8) on March 18, 2025, in conjunction with Kadena's network upgrade and hard fork at block height 5,659,280 (approximately 8:00 on March 18). During this period, users can trade KDA normally, and deposits and withdrawals will be automatically resumed after the network stabilizes. Currently, the price of KDA is weak, with KDA/BTC falling 5.74% to 0.00000493 and KDA/USDT falling 8.72% to $0.3926.

According to BlockBeats, on March 11, a whale sold 25,800 ETH, valued at $47.8 million, to prevent liquidation, incurring a loss exceeding $32 million. The whale currently holds 35,034 ETH, worth $64.68 million, on Aave with a health rate of 1.4 and a liquidation price around $1,316.

According to PANews, Onchain Lens has reported that Cumberland DRW staked 48,182 SOL, valued at approximately $5.72 million, two hours ago.

Odaily Planet Daily News According to Lookonchain, a large investor urgently sold 25,800 ETH (worth US$47.8 million), suffering a loss of more than US$32 million, to avoid liquidation of his lending positions. The investor currently still holds 35,034 ETH (approximately US$64.68 million) on the Aave platform, with a health coefficient of 1.4 and a liquidation price of approximately US$1,316. Although this reduction in positions resulted in huge losses, it significantly improved the safety of the remaining positions.

Odaily Planet Daily News According to Onchain Lens monitoring, large institutional trader Cumberland DRW pledged 48,182 SOLs 2 hours ago, worth about $5.72 million. Cumberland DRW is a major market maker and liquidity provider in the cryptocurrency market, and its capital movements are often regarded as an important indicator of institutional investment trends.

Odaily Planet Daily News March 11, ARK Invest founder Cathie Wood said that the current market is digesting the final stage of a rolling recession, which will give the Trump administration and the Federal Reserve more policy adjustment space than investors expect, which may push the US economy into a "deflationary boom" in the second half of this year. Cathie Wood believes that the Federal Reserve's monetary policy will be more flexible, and the market may underestimate this potential economic rebound. Rolling recession refers to an economic phenomenon in which different industries and sectors experience recessions in turn, while the overall economy and job market remain relatively stable.

Odaily Planet Daily News According to official news, Arbitrum R&D team Offchain Labs announced the launch of a strategic repurchase plan to increase ARB holdings in the open market and other trading methods to strengthen its long-term commitment to the Arbitrum ecosystem. The plan will be implemented in steps according to preset parameters.

Odaily Planet Daily News According to Bravos Research analysis, the current cryptocurrency market is experiencing the largest altcoin liquidation since the LUNA crash in May 2022. The market has seen about $10 billion in liquidations, far exceeding the situation after the FTX crash. Data shows that Bitcoin's dominance continues to rise, indicating that there are no obvious altcoin season signals in the short term. Analysts believe that retail investor enthusiasm has not yet fully recovered, and the real altcoin season may still be ahead.

Bitcoin’s price is under renewed pressure, nearing four-month lows as Wall Street stocks tumble and macroeconomic uncertainty intensifies. With BTC struggling to hold $80,000 support, traders are looking at RSI signals for potential bottoming. Bitcoin Faces Renewed Selling Pressure Below $80KBitcoin (BTC) dropped 4% on March 10, trading at $79,170 on Bitstamp, as market-wide risk aversion weighed on crypto and equities alike.The S&P 500 fell 2%, while the Nasdaq Composite plunged 3.5% at the Wall Street open.The sell-off follows government spending cutbacks from the Department of Government Efficiency (DOGE), which analysts believe could slow economic growth.The Kobeissi Letter noted that crypto markets have erased $1 trillion in market cap over the past two months, wiping out gains from the U.S. Strategic Crypto Reserve announcement.Traders Watch RSI for Bitcoin’s Next MoveMarket analysts are now watching Bitcoin’s relative strength index (RSI) for signs of a potential price reversal.Rekt Capital highlighted that previous BTC rebounds occurred when the daily RSI dipped below 28, signaling oversold conditions.Currently, Bitcoin’s RSI stands at 33.2, suggesting further downside before a potential bounce.What to watch:If Bitcoin forms lower lows while RSI makes higher lows, a bullish divergence could signal a price bottom.Historical data suggests BTC tends to bottom or fall an additional 2–8% from current RSI levels before rebounding.Bybit Hack Adding to Crypto Selling PressureAnother major factor driving Bitcoin’s decline is the ongoing fallout from last month’s Bybit hack.QCP Capital reported that hackers have started selling off stolen assets, adding downward pressure on crypto markets.Investors are front-running further potential sell-offs, exacerbating the decline.Risk reversals in options markets show increased demand for protective puts, signaling bearish sentiment.Macroeconomic Data Could Trigger More VolatilityWith BTC closely tracking equities and macroeconomic risks, upcoming U.S. inflation data (CPI on Wednesday and PPI on Thursday) could increase volatility.Tariff concerns, economic slowdown fears, and tightening liquidity continue to weigh on Bitcoin’s near-term outlook.Q3 2025 could mark a turning point, with expectations of renewed institutional inflows and potential bullish narratives emerging.Final Thoughts: Can Bitcoin Rebound from $78K?Key Risks:Wall Street sell-off and slowing economic growthBybit hacker-driven sell pressureWeak investor sentiment and cautious institutional flowsBullish Signals to Watch:RSI bullish divergence (Bitcoin bottoming pattern)Stronger-than-expected demand at $78K supportU.S. economic data influencing Fed policy, potentially boosting risk assetsBitcoin traders remain cautious but watchful, as a break below $78K could lead to further downside, potentially toward $75K–$72K, while a strong bounce from RSI signals could trigger a relief rally, according to Cointelegraph.

Bitcoin has dropped to $78,500, a four-month low, while Ethereum hits its weakest level since November 2023. Some predict BTC could fall to $70,000, while others see rising M2 liquidity as a recovery signal. With macroeconomic headwinds and no clear bullish catalysts, is Bitcoin bottoming out or headed for further losses?

Global financial markets have been shaken. The U.S. stock market has seen a panic sell-off due to Trump's tariff policy, with the market value evaporating by $4 trillion and the shadow of recession looming. At the same time, the cryptocurrency market has not been spared, with mainstream currencies such as Bitcoin and Ethereum plummeting across the board.

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