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19:39
US media: 11 ships passed through the Strait of Hormuz in the past 24 hours
According to Golden Ten Data on March 30, citing a report by the Wall Street Journal, the United Kingdom Maritime Trade Operations stated on Sunday that 11 ships passed through the Strait of Hormuz in the past day, compared to about 138 ships per day before the war. The center noted that the maritime risk level for this waterway remains at the "critical" level.
19:14
Analysts say short-term Bitcoin holders are experiencing heavier losses, with the MVRV indicator signaling bearish pressure.
Cryptoquant analyst Darkfost stated that Bitcoin is currently fluctuating between $65,000 and $70,000, which is lower than the average holding cost of short-term holders at $85,900. Nearly all investors have been at a loss over the past six months. The MVRV indicator is now around 0.77, below a neutral and reasonable level, and fell to 0.7 at the end of February. Short-term holders are experiencing an average unrealized loss of about 30%. Prolonged periods at deeply negative levels typically mean short-term holding groups are under significant pressure, which may add to market volatility. However, historical patterns show that this phase is suitable for gradually building long-term positions.
19:03
StraitsX stablecoin card transaction volume surges significantly
The Singapore-based StraitsX stablecoin card plans to increase its transaction volume by 40 times and card issuance by 83 times between 2024 and 2025. Its partner RedotPay is expected to process over $2.95 billion in card transactions in 2025, supporting seamless local currency payments. StraitsX intends to expand into the Southeast Asian market and launch the XSGD and XUSD stablecoins via the Solana blockchain to support micropayments between machines.
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