Complete Gate Post tasks to upgrade your rank

Credit Ranking

[//]:content-type-MARKDOWN-DONOT-DELETE
![](https://gimg2.gateimg.com/image/article/17120282211_3.png)
## Crypto Daily Digest: Crypto investments hit an 18-month high; Blast launched the Blast bonus feature; Tether acquired 8888 BTCs and became the 7th largest holder
First, let's examine the trading activity of <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> ETFs. According to Farside Investor data, on March 6, Grayscale's GBTC funds continued to <a href="/price/flow-flow" target="_blank" class="blog_inner_link">Flow</a> out significantly, reaching $302.6 million; Meanwhile, Fidelity Bitcoin spot ETF (FBTC) has an inflow of $44 million, Bitwise Bitcoin spot ETF (BITB) has an inflow of $1.1 million, and ARK 21Shares Bitcoin spot ETF (ARKB) has an outflow of $300,000.

Due to a large amount of early investment in blockchain-related enterprises in March, the financing amount of crypto companies reached the highest level in 18 months.

According to The Block Deals Dashboard, the new financing for crypto companies exceeds $1.4 billion. This makes March the best month since September 2022, when the industry raised over $2 billion in funds.

John Dantoni, Research Director of The Block, stated that March is an iconic month, partly due to a surge in early-stage or A-round investments. Dandongni noted over 20 early investments this month, a significant increase from February, with nine such investments in February, comparable to last year's monthly average.

These increases are closely related to the rise in Bitcoin prices. In the coming months, more funds may enter crypto projects through venture capitalists. For example, on Thursday, it was reported that Marc Andreessen, Accolade Partners, and Galaxy Digital invested in the latest fund of crypto venture capital firm 1kx, which raised $75 million.

Blast announced on the X platform that it has officially launched the Blast bonus feature, allowing users to increase their Blast points by trading on specific spot or perpetual contract exchanges. Successfully adding points can permanently increase the user's point balance and yield. By using a specific DApp, you can earn a point bonus without any transaction amount restrictions. In addition, users can also share point bonuses between different wallets, which means they can earn point bonuses through hot wallets and apply them to the main wallet.

It should be noted that safety is always the top priority when interacting with any DApp, including when interacting with the integral plus DApp specified by Blast.

Before swapping points in May, Blast will launch a total of 12-point bonuses. Users must ensure to collect all point bonuses before swapping points in May. Users can now obtain the first two-point bonuses by accessing the Blast airdrop page, and more bonuses will soon be released.

<a href="/price/tether-usdt" target="_blank" class="blog_inner_link">Tether</a> has recently made an acquisition to increase Bitcoin reserves. By acquiring 8,888 Bitcoin, Tether became the seventh largest Bitcoin holder. According to the company, they plan to invest 15% of their net profit in Bitcoin to achieve diversification of stablecoin-backed assets.

As of March 4, Tether's USDT market value has reached a record high of $100 billion, an increase of 9% year to date. Tether also announced the successful completion of the System and Organizational Control 2 (SOC) audit, the highest security compliance audit an organization can demonstrate, developed by the American Institute of Certified Public Accountants (AICPA).

Tether CEO Paolo Ardoino wrote on April 1 that the audit emphasized Tether's commitment to providing a secure user experience: "This compliance measure ensures our clients that their assets and data are managed in an environment that meets the highest standards of data protection and information security. Independent verification of this security control is crucial for Tether, demonstrating our commitment to becoming the world's most trusted and compliant stablecoin."

## Market Trends: The expectation of the Federal Reserve's interest rate cut in June is expected to decrease, and the market is plummeting
Yesterday, BTC experienced a significant drop close to the $68,000 mark, leading to a widespread decline in Altcoins. In terms of macroeconomics, the performance of the US stock market has been mixed, and the probability of the first interest rate cut in June has decreased to less than 50% due to the positive impact of US manufacturing data.
### Market Hotspots
Gamefi sector's GHST surged: The GHST project announced a shift towards Base Chain development Layer 3, causing prices to rise significantly.

The concept of Meme saw a significant increase in BOME: BOME saw a daily increase of over 20%, while other Meme tokens on the <a href="/price/solana-sol" target="_blank" class="blog_inner_link">Solana</a> chain saw a basic pullback. The market is still enthusiastic about hyping up new coins in popular concept tokens, following the trend of "speculating on new rather than old."

The BTC ecosystem is generally declining: Projects in the BTC ecosystem are generally experiencing a decline, with ORDI plummeting by more than 10%. Meanwhile, the user experience of BTC's Layer2 solution was lower than expected. Less than 20 days have passed since the BTC halving event, and the market is adopting a wait-and-see attitude.

Cross-chain bridge Wormhole protocol airdrop: The Wormhole protocol will open token W for airdrop pickup tonight at 11:30 (UTC), after Gate.io announced the token launch. Wormhole's latest round of financing is valued at $2.5 billion, and the investment institution is very luxurious, which has attracted market attention.

Overall, market hotspots cover the Gamefi sector, the Meme concept, the BTC ecosystem, and the dynamics of the cross-chain bridge Wormhole protocol. Investors should closely monitor these hot topics and adjust their investment strategies in a timely manner based on market conditions, and be cautious in responding to market fluctuations.

## Macro: The easing of optimistic sentiment towards interest rate cuts may impact global stock markets, with gold prices reaching a historic high
Most global markets are closed on Fridays, while European markets are closed on Mondays. On Wall Street, the Dow Jones Industrial Average (.DJI) fell 0.6%, the Standard & Poor's 500 Index (.SPX) fell 0.20%, but the Nasdaq Composite Index (.IXIC) rose 0.11%.

Gold prices hit a historic high, and Wall Street stocks closed mixed as strong US economic data dampened market <a href="/price/optimism-op" target="_blank" class="blog_inner_link">Optimism</a> about the Federal Reserve's upcoming interest rate cut, prompting people to cut spending as soon as possible. On Friday, Federal Reserve Chairman Jerome Powell stated that the inflation data released that day "met our expectations" and "you won't see us overreacting," indicating that the Federal Reserve is willing to continue its wait-and-see model.

On Tuesday, Asian stock markets rose, the US dollar strengthened, and the yen-to-dollar exchange rate remained around 152 yen to the US dollar. Traders are starting to worry about possible intervention as market expectations for the upcoming Fed rate cut are weakening.

Monday's data showed that the US manufacturing industry experienced its first growth in 1-1/2 years, with a significant rebound in production and an increase in new orders, highlighting economic strength and raising doubts about the timing of the Federal Reserve's interest rate cut. strong manufacturing data boosted the yield of US treasury bond bonds, and the yield of two-year and 10-year treasury bonds climbed to two-week highs, thus boosting the US dollar.

Against global economic optimism, the Chinese stock market leads most parts of Asia. Data shows that the US manufacturing industry has experienced growth for the first time since September 2022, and the US dollar has also risen accordingly. Overnight, the S&P 500 index outperformed expectations after strong manufacturing data pushed US treasury bond yields higher.

However, market concerns about the timing of interest rate cuts dragged down the first trading day of the second quarter, resulting in a calm tone in the market. It is worth mentioning that the index achieved its largest percentage increase in five years in the first quarter.

Regarding commodities, driven by signs of improved demand and escalating tensions in the Middle East, US crude oil rose 0.3% to $83.96 per barrel, while Brent crude oil rose 0.34% to $87.72.

Spot gold fell 0.1% to $2,248 per ounce, reaching a historic high of $2,265.49 on Monday.



<div class="blog-details-info">
<div>Author:**Sherry S. & Icing**, Gate.io Researcher
<div>Translator:Joy Z.
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>


简体中文

English

Tiếng Việt

Español

Русский язык

Français

ภาษาไทย

Türkçe

日本語

Indonesia

Deutsch

عربي

Português (Portugal]

Português (Brasil]

繁體中文

Українська

The financing of crypto companies has reached a new high in 18 months_ Blast launched the Blast bonus feature_ Tether acquired 8888 BTCs, becoming the 7th largest holder of BTCs.

福利中心

铭文导航-铭文Launchpad

铭文-铭文导航

铭文-web3startup

新币挖矿

小红花-Exchange-Startup

交易-创新交易

交易-盘前交易

打新

小红花-Learn & Explore-博客

小红花-Learn & Explore-快讯

币圈-币圈-未来事件

小红花-Learn & Explore-聊天室

小红花-Learn & Explore-直播

小红花-Learn & Explore-动态

年度账单

币圈

Gate OTC

芝麻金融-更多-财富管理

机构-APIs

机构-大宗交易服务

机构-经纪商项目

全球做市商计划

机构-托管和资产管理

机构-借贷服务

机构-做市商项目

小红花-Promotions-机构和VIP服务

量化基金

机构-基础架构

机构-交易

机构-金融

结构化产品

机构-主页

衍生品-统一账户

芝麻金融-更多-抵押借币

机构

策略跟单

现货跟单

合约跟单

跟单

量化策略-探索

量化策略-进阶

量化策略-基础

机器人广场

创建机器人

探索机器人

杠杆网格

无限网格

期现套利

组合指标策略

智能调仓

现货马丁格尔

合约网格

现货网格

交易机器人

芝麻金融-更多-ETH2.0挖矿

芝麻金融-更多-法币借贷

USDE挖矿

链上赚币

芝麻金融-理财-双币宝

芝麻金融-理财-定期理财(屯币)

芝麻金融-理财-结构性理财

芝麻金融-理财-理财宝

芝麻金融-理财-余币宝

GT挖矿

芝麻金融-更多

芝麻金融-理财

赚币

衍生品-实盘跟单

衍生品-期权

衍生品-交割合约

衍生品-永续合约

衍生品-合约中心

新手引导(合约)

合约活动

衍生品

交易-量化策略

交易-杠杆ETF

交易-杠杆交易

交易-闪兑

交易-现货交易

交易

行情

买币-gateCard

买币-法币交易

买币-银行账号

买币-快捷交易

买币-信用卡

买币-paywith

买币

小红花-推广

新手指南

活动中心

小红花-Learn & Explore-学院

任务广场

小红花-Exchange-最新公告

小红花-Exchange-帮助中心

小红花-Exchange-交易所

gate商店

小红花-Promotions-推荐官计划

小红花-Promotions-邀请计划

小红花-promotions-代理商

cextg小程序

小红花

web3

Daily News | Crypto Investment Hits an 18-Month High; Blast Launched the Blast Bonus Feature; Tether Became the 7th Largest Holder of BTC