Bitcoin market sentiment is improving, with more traders expecting the price to break above $80,000 in the coming months. The options market signals a bullish bias. Currently, Bitcoin is trading near $70,000, and analysts believe that if the bullish sentiment continues, a new directional move may emerge in the future.

Gate News Report, March 11 — A research institution released a report indicating that short-term holders of BTC and ETH have been experiencing a rebound in the spent output profit ratio (SOPR) since late February. SOPR is used to measure whether recent sellers are in profit when selling assets. The rebound of this indicator suggests that spot demand has been strong enough recently to absorb reverse selling pressure, making market positioning more resilient.

Oracle stock closed down 1.4% but rose 12.2% after hours. As a result, the Hyperliquid platform ORCL mapped contract price increased by over 12%. Two major whale holders suffered losses due to short positions, losing more than 20%.

Babylon Labs partners with Ledger to incorporate Ledger signature support into Babylon's Trustless Bitcoin Vaults, enhancing transparency and security in Bitcoin transactions. This move allows Bitcoin to be used more securely as a digital financial collateral asset under self-custody. Both parties also plan to expand integration to support asset management and security support.

CFTC Chairman Michael Selig at the FIA conference supported blockchain-based prediction markets, calling them "truth machines" that can improve transparency and accountability. He believes these markets are more reliable than traditional polls and will provide clearer event contract rules.

Gate News Report, on March 11, the stock of AI large model company MiniMax closed up more than 22% on March 10, with a total market capitalization of HKD 382.64 billion, surpassing Baidu's HKD 332.22 billion. MiniMax founder and CEO Yan Junjie previously interned at Baidu and received the second Baidu Scholarship.

Gate News Report, March 11 — According to Gate Market Data, as of press time, PI (Pi) is trading at $0.23, up 7.62% in the past 24 hours, with a high of $0.24 and a low of $0.17. The current market capitalization is approximately $2.248 billion, an increase of $159 million from yesterday. Pi Network is a blockchain community and developer platform dedicated to enabling users to mine Pi tokens easily on their phones through innovative technology. Centered around its groundbreaking technology, the network allows mining via mobile apps without consuming大量电力, making it the first digital currency that can be mined on a mobile device. Pi Network emphasizes decentralization, mobile-first design, and environmental friendliness, aiming to involve more users in the cryptocurrency ecosystem. ##

Gate News Report: On March 10, U.S. President Trump issued a statement saying that in the past few hours, the U.S. military has hit and completely destroyed 10 idle mine ships and/or vessels. Trump stated that there will be more similar actions in the future.

Senator Alsobrooks stated at the Washington American Bankers Association Summit that in order to advance the Stablecoin Regulation Act, the "Clear Act," all parties need to compromise, emphasizing that the overall goal is more important than perfection. She is working with Senator Tillis to seek a balanced solution that protects deposits and promotes innovation.

Solana ecosystem media SolanaFloor announced on March 10th that it has been acquired by Jito Foundation, and will maintain editorial independence and resume operations. Previously shut down due to an attack incident, the acquisition aims to fill the gap in reporting on on-chain activity on Solana, with more details to be announced later.