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Galaxy Digital's Alex Thorn refuted claims that Murad Mahmudov secretly sold $20 million in SPX tokens, asserting the rumors were a fabrication aimed at misleading the public. Despite this, SPX continues to struggle in the market.
Despite strong institutional interest, the IBIT Bitcoin ETF faces significant hurdles, including its vulnerability to stock market declines and recent ETF outflows in 2025.
Curve Finance founder Michael Egorov is developing Yield Basis, a new project aiming to solve impermanent loss, according to a pitch deck obtained by The Block.Yield Basis has raised $5 million at a $50 million token valuation, Egorov confirmed.
The move represents a 2% daily gain for ETH, while the total crypto market capitalization has declined by 2.4%.
- 09:05Last week, $1.8 billion worth of ETH flowed out of exchanges, setting a new high since December 2022News from March 10th, according to data from IntoTheBlock, approximately $1.8 billion of ETH flowed out of exchanges last week, marking the highest weekly outflow since December 2022. Despite ongoing market pessimism about the price of ETH, this trend suggests that many holders view the current price level as a strategic buying opportunity.
- 09:01Institutional Analysis: The US dollar is weak and consolidating, Trump's policy uncertainty continues to exert pressureNews on March 10, due to the uncertainty of Trump's policies, the dollar stabilized after falling last week, but it is still at a weak level. Pepperstone strategist Michael Brown said in a report that the biggest problem facing the market is that Trump's policies "change as often as the wind." Trump's capriciousness on tariff issues makes it impossible for market participants to price risks and accurately predict future policy paths. He stated, "No one wants to touch US dollar assets now."
- 08:51Data: Since November last year, the 246,876 Bitcoins purchased by Strategy have incurred a book loss of 3 billion US dollarsNews on March 10, according to Lookonchain monitoring, Strategy currently holds 499,096 Bitcoins, with a total value of about 40.9 billion US dollars and an average purchase price of 66,357 US dollars. Since November 2024, the company has accumulated purchases of 246,876 Bitcoins with an investment of 23.2 billion US dollars (current market value is approximately 20.2 billion US dollars), at an average purchase price of 94,035 US dollars resulting in a book loss of up to three billion US dollars.