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Summary EigenLayer's TVL increased from $250 million to $1.7 billion in just one month. The re-staking sector is witnessing extraordinary growth. However, it is important to note that, in comparison to the overall volume of LSD, the re-staking sector still has considerable room for growth. For users primarily holding ETH, depositing ETH in LSD protocols like Lido and then re-staking the acquired stETH to earn another profit presents a more advantageous strategy over the long term. Additionally, apart from the anticipated EigenLayer airdrop, projects like AltLayer will also airdrop their tokens to EigenLayer re-stakers. This could result in profits significantly surpassing initial expectations.
- 16:3310X Research Analyst: It's Not Time to Buy Low, BTC Could Fall to $73,000 RangeThis is not the time to buy low as BTC could fall to the $73,000 range,’ said 10X Research analyst Markus Thielen, who believes that the current situation is akin to the bursting of the DeFI/NFT speculative bubble after the 2021 bull market, where the Meme coin crash punished many related tokens, and that the structural decline in the market suggests that the fundamentals are weakening. The fundamentals are weakening, it is time for caution, not complacency, and the next major (upward) move will require a new narrative.’
- 16:20CryptoQuant Analyst: Whales Have Accumulated Over 65,000 BTC in the Past 30 DaysOn 11 March, CryptoQuant analyst Cauê Oliveira said, ‘Despite Bitcoin's continued pullback, whales have accumulated more than 65,000 BTC over the past 30 days, indicating that buying momentum remains strong.’
- 16:16Bitget has gone live with U-benchmark SERAPH, BMT perpetual contracts, leverage range 1-20 timesOn 11th March, Bitget has launched U-native SERAPH and BMT perpetual contracts with a maximum leverage of 20 times. Contract trading BOT will be opened at the same time.