Robinhood Chain Testnet Goes Live: Ethereum L2 Targets $1M Builders and RWA Boom

Over $9 billion lost in 4 months! Bitcoin and Ethereum ETF face the "longest bleeding" in history

The US Bitcoin and Ethereum spot ETFs are experiencing a massive capital exodus, with four consecutive months of net outflows totaling over $9 billion. The Bitcoin spot ETF has seen outflows of $6.39 billion, while the Ethereum ETF has seen outflows of $2.76 billion, indicating that institutional investors have lost interest in cryptocurrencies, leading to a continuous decline in prices. The market in early 2024 was once prosperous due to the launch of ETFs and Trump's election, but now it has entered a winter season.

Data: If ETH breaks through $2,048, the total liquidation strength of mainstream CEX short positions will reach $869 million.

ChainCatcher Message: According to Coinglass data, if ETH breaks through $2,048, the total liquidation strength of mainstream CEX short positions will reach $869 million. Conversely, if ETH drops below $1,855, the total liquidation strength of mainstream CEX long positions will reach $632 million.

Block Street releases BSB tokenomics: total supply of 1 billion tokens, initial circulation of 20.775%

Block Street has released the BSB tokenomics, with a total supply of 1 billion tokens and an initial circulation of 20.775%. The token distribution includes allocations for community incentives, ecosystem partners, trading platforms, and other areas.

BitMart Market Report: Altcoin Activity Shows Clear Segmentation, Mainstream Assets Still Dominate Overall Volatility

Odaily Planet Daily reported that according to BitMart's March 2 market analysis, the total market capitalization of the crypto market is approximately $2.82 trillion, with a 24-hour change of about -1.78%, and the market trading volume is around $133.7 billion. Structurally, Bitcoin's market share is about 58.7%, and Ethereum's market share is about 8.8%. Mainstream assets still dominate overall fluctuations; altcoins show significant activity divergence, and short-term trading sentiment has cooled compared to the previous day. The current market is more influenced by macro expectations and capital flows. It is recommended to pay attention to position management and liquidity changes.

Bitcoin and Ethereum ETFs have seen over $9 billion outflow in four months! Institutional funds are withdrawing, shaking confidence in the crypto market?

Recently, over $9 billion has flowed out of U.S. spot Bitcoin and Ethereum ETFs, setting a record. The withdrawal of institutional investors indicates increasing market caution, while the prices of Bitcoin and Ethereum have experienced significant pullbacks. This trend shows that ETF capital flows are an important indicator of institutional sentiment. To achieve a price rebound, stable capital inflows are still needed.

Ethereum (ETH) has declined for six consecutive months, setting a recent record. Can the key support level of $1900 hold?

Ethereum (ETH) has been declining for six consecutive months recently, with prices affected by multiple market pressures such as whale fund dispersion, derivatives market sell-offs, and macroeconomic uncertainties. On the technical side, ETH is in a recovery phase, with a key resistance at $2,000 and support at $1,880. Vitalik Buterin stated that AI tools are expected to accelerate Ethereum development and enhance security. Some institutions remain optimistic about ETH's long-term price prospects, with Standard Chartered predicting it could reach $7,500, while VanEck is bullish and expects it to hit $10,000.