Arcia announces token economics: total 1 billion, 20% allocated to the community

On March 24th, the US stablecoin bill GENIUS ACT will usher in a crucial moment in the Senate next month, as the White House plans to send the stablecoin bill to the Senate for consideration in April. It is reported that President Trump's digital assets working group has urged Senate leaders to bring the bill up for debate. The legislation establishing a regulatory framework for payment of stablecoins (cryptocurrencies pegged to the US dollar) successfully passed the Senate Banking Committee by ...

According to HODL15 Capital, in the list of the top 70 companies holding bitcoin, five companies increased their holdings of bitcoin last week, with an increase of 7,349 coins. The top 70 companies hold a total of 670,153 bitcoins.

Crypto card issuer Rain announced the completion of a $24.50 million funding round led by Norwest Venture Partners, with participation from Galaxy Ventures, Goldcrest, Thayer and Hard Yaka. Crypto card issuer Rain issues debit and credit cards that allow customers to settle payments in stablecoins.

Strategy BTC holdings broke through 500,000, currently standing at 506,137, worth about $44.337 billion. Strategy's acquisition price is about $66,608 per bitcoin, the acquisition cost is about $33.10 billion, and the floating profit is over $11.20 billion.

On March 24, Thai police arrested two Chinese citizens suspected of cryptocurrency fraud and kidnapping. Police arrested Wu Di, 27, and her boyfriend, Zhou Zongyong, 29, at a luxury villa in Pattaya. Investigations revealed that Wu Di lured victims through Facebook to invest in fictitious Singapore dollar investment funds, defrauding more than 600 million baht (about 17 million) in the past two months alone.

The market shows that ETH broke through $2100, and is now reported at $2103.84, with a 24-hour increase of 4.42%. The market fluctuates greatly. Please do a good job in risk control.

Market News: The acting chairperson of the Securities Exchange Commission voted against suing Musk.

According to OnchainLens, in the past hour, the Bhutanese government transferred 721.46 BTC worth about $63.24 million to three new wallets.

On March 24th, crypto analyst @ali_charts released a chart analysis saying, "Bitcoin network transaction fees have almost tripled in the past week, indicating a surge in network trading activity." According to market data, Bitcoin has risen by 5.33% in the past 7 days and is now quoted at $87,757.

On March 24, the US Ethereum ETF suffered the longest daily withdrawal since its launch in July 2024, highlighting the shaky demand for the second-largest cryptocurrency. According to data compiled by Bloomberg, the nine ETFs collectively lost about $415 million in 13 consecutive days of net outflows. By contrast, the US bitcoin ETF has rebounded after a period of weakening investor demand and recorded six consecutive days of net inflows through March 21.

On March 24th, according to Bloomberg, US exchange traded funds that directly invest in ETH have suffered the longest outflow since their launch in July 2024. Nine ETFs have seen net outflows for 13 consecutive days, with a total outflow of about $415 million. In contrast, US bitcoin ETFs have rebounded from a period of weakening investor demand, with net inflows for six consecutive days as of March 21. Standard Chartered lowered its year-end price target for ETH in a report last week.

On March 24th, according to market news, the WLFI project is suspected of issuing stablecoin USD1 on Ethereum and BNB Chain, and is conducting a number of functional tests. Wintermute has participated in it.