MarketWhisper

Chinese tech companies have launched an acceleration chip specifically designed for blockchain, reportedly capable of increasing processing efficiency by up to 50 times, impacting Bitcoin mining and decentralized applications. Meanwhile, an Alibaba AI agent independently chose Bitcoin mining without receiving instructions, sparking discussions about AI autonomous decision-making. This chip release is the latest development in China's long-term push for blockchain technology, with applications including digital identity verification and financial settlement systems.

Huang Renxun rebutted the argument that AI will replace a large number of jobs in his blog, emphasizing that the construction of AI infrastructure is extensive and will create many high-skilled jobs. He likened AI to a "five-layer cake," believing that different layers require different technical skills to support. He pointed out that the infrastructure is still imperfect and opportunities have not yet been fully realized. Although some companies have laid off employees due to AI, Goldman Sachs believes the impact on unemployment is moderate, showing a slow structural transformation.

Bitcoin mining faces losses in 2026, prompting mining companies to pivot to AI to address market challenges. Many enterprises are liquidating Bitcoin assets and reallocating resources to AI data centers, as the profit potential of AI is highly regarded. Data shows that this shift could have a positive impact on Bitcoin's long-term supply structure, and market sentiment also indicates potential rebound signals. Although this transformation may temporarily affect hash rate growth, in the long run, it will enhance the resilience and security of the Bitcoin network.

Minnesota considers a complete ban on Bitcoin ATMs after scams resulted in $333 million in losses, especially among elderly victims. Law enforcement has difficulty tracking the flow of funds, and the industry remains cautious about the ban, believing that banning alone cannot fundamentally solve the scam problem. Legislators need to evaluate more effective regulatory measures.

Bitcoin price approaches $70,000, and market sentiment shifts. The options skew indicates increased demand for bullish options, with an implied probability of Bitcoin breaking $80,000 by the end of June at 35%. Traders are expressing confidence in a Bitcoin rally by increasing the sale of put options, and overall market expectations are shifting from panic to rational optimism.

The U.S. Department of the Treasury reports that Bitcoin ATMs are becoming tools for scams. In 2024, the FBI received over 10,900 complaints, with losses totaling approximately $246.7 million. Scammers exploit the anonymity and irreversibility of cryptocurrency ATMs, especially targeting the elderly. Australia is also facing similar challenges, with the industry calling for increased regulation and implementing transaction limits, but experts believe that limits alone are insufficient to curb scams.

Thai digital asset providers have launched a "slowdown" mechanism, freezing over 10,000 suspicious crypto accounts to combat money laundering activities. This mechanism implements a 24-hour lock on transfers exceeding 50,000 Thai Baht and requires additional identity verification. While regulatory safeguards have been strengthened, the transaction experience for compliant users has been affected. Providers are also advancing cooperation with law enforcement agencies and implementing the travel rule, facing challenges due to inconsistent global enforcement.

Meta has completed the acquisition of AI community Moltbook, focusing on its identity verification technology, which is crucial for Meta's advancement of its AI agent program. Despite Moltbook facing cybersecurity issues and fake account controversies, Meta still values its core capabilities. This move reflects the increasing competition among tech giants in the AI agent market.

Ethereum perpetual contract funding rates turn negative, indicating increased demand for shorts and a clear market bearish sentiment. Institutional demand remains weak, partly due to relatively low staking yields and a lack of sustained capital inflows. On-chain data and technical developments have failed to boost confidence, but Ethereum's DeFi ecosystem still maintains a strong moat. It is necessary to observe a rebound in funding rates and improvements in transaction fee revenue to determine the future market trend.

Aave experienced a oracle failure on March 10th, resulting in the improper liquidation of approximately $26 million worth of wstETH, affecting 34 accounts. The failure was caused by a mismatch between the snapshot ratio and timestamp in the CAPO mechanism, leading to a final exchange rate lower than the market actual value. Aave will compensate using the recovered 141.5 ETH and 345 ETH provided by the DAO treasury. No bad debt occurred in the protocol.

During the Jake Paul vs. Anthony Joshua boxing match, Netflix requested that boxer Justin Cardona remove his Bitcoin sponsorship logo one week before the event but allowed exposure through a betting platform. The incident highlights the contradictions in Netflix's sponsorship guidelines and raises questions and reflections on Bitcoin sponsorships in sports. As a result, Cardona suffered financial losses and his training plans were disrupted.

According to analysis, the U.S. Congress may push for a permanent ban on Central Bank Digital Currencies (CBDC). Senator Cruz has introduced an amendment to turn the temporary ban into a permanent one. This move reduces concerns about the Federal Reserve issuing digital dollars and benefits the stablecoin market. However, the ban could become an obstacle to advancing the CLARITY Act, lowering its priority.

The U.S. House of Representatives China Committee is investigating three Wall Street underwriters for allegedly facilitating stock manipulation schemes by Chinese-funded companies, with Dominari Securities having direct ties to former President Trump's family. The investigation emphasizes compliance checks by financial intermediaries and notes that since 2023, such scams have caused U.S. investors to lose approximately $16 billion. The probe not only highlights legal risks but also sparks complex discussions about the Trump family's political and business relationships.

Goldman Sachs currently holds nearly $154 million in XRP ETF, making it the largest holder with about 73% of the total $211 million held by the top 30 institutions. Most XRP ETF holders do not need to report their holdings because their positions are less than $100 million, creating an "invisible" holding phenomenon that indicates a high level of institutional interest and capital inflow into the market.

XRP is still about 61% below its peak at the end of 2025, but there are three major catalysts not yet fully reflected by the market: Ripple obtaining a financial license, XRP ETF steadily attracting funds, and a significant increase in XRP Ledger transaction volume. On the technical side, XRP is trading between the $1.50 resistance level and the $1.30 support level, indicating a possible breakout.

Jito Foundation has acquired SolanaFloor, which was shut down due to a security incident, to relaunch its information services within the Solana ecosystem. This acquisition is seen as a commitment to information infrastructure, supporting the healthy development of the ecosystem. Jito commits to safeguarding editorial independence to ensure that SolanaFloor can continue to operate as an independent media outlet.

South Korea has recently introduced three cryptocurrency policies: the sale of 320.88 Bitcoins, the exemption of stablecoins (USDT and USDC) from corporate investment guidelines, and a 34% ownership cap for exchange shareholders. These measures have raised concerns in the market about the direction of regulation. While each measure has reasonable explanations, the cumulative effect could impact market confidence, especially during this sensitive period when new regulations are pending.

The CLARITY Act has been held up in the Senate since passing the House in 2025 due to opposition from the banking industry to the stablecoin reward proposal. Within 8 to 10 weeks after legislation, there are three main windows to advance the bill, but several controversies remain. The market remains cautiously optimistic about the bill's passage.

Legendary trader Arthur Hayes stated that although he predicts Bitcoin could reach $250,000 by 2026, he will not be investing funds in the current market environment. He emphasized the need to wait for the Federal Reserve to ease policies and print money before entering the market, and warned that Bitcoin faces short-term downside risks, such as escalating US-Iran conflicts and technical support dropping to $60,000. Despite his cautious stance in the short term, he remains optimistic about Bitcoin's long-term prospects.

Pi Network (PI) surged over 25% in March, but CEX deposits skyrocketed to 3.91 million coins, indicating profit-taking pressure is accumulating. Social media buzz is increasing, and technical indicators are bullish, but the overall trend remains bearish. The resistance level is at $0.2396, and the support is at $0.1977. Large deposits suggest a possible local top, so caution is advised.