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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.

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.

Two sources familiar with the plans told Punchbowl on March 30 that the Senate Banking Committee plans to hold a confirmation hearing for Kevin Worsley's nomination as Federal Reserve Chair as early as the week of April 13. A specific date has not yet been set and will depend on whether Worsley submits his complete paperwork to the committee. (Jinshi)