Former cryptocurrency company FTX will begin paying its major creditors in late May, using $11.4 billion in cash reserves the company has gathered since shutting down, according to Bloomberg. Bankruptcy attorney Andrew Dietderich told the judge who recently took over the management of the Chapter 11 case that while secondary creditors holding what FTX categorizes as “convenience claims” have already begun to receive payments, the company will make its first payment to the major creditor group on May 30. The company’s major creditors include investors owed millions of dollars and institutions that own cryptocurrencies on the FTX platform.

After the US election on November 5, cryptocurrency daily trading volume soared to $126 billion amid high market enthusiasm and active speculation. It has now fallen to $35 billion, down about 70% from its peak and back to pre-election levels. Recent tariff announcements against major US trading partners have created uncertainty, weakening trading enthusiasm in both traditional and cryptocurrency markets. In addition, trading volume has maintained a historical correlation with total market capitalization, with the two moving in similar directions in recent months. The total cryptocurrency market capitalization peaked at about $3.9 trillion and has since fallen back to its current level of about $2.9 trillion, a 25% drop.

Prediction market Kalshi sued gaming regulators in Nevada and New Jersey after receiving cease-and-desist orders prohibiting it from offering sports-related contracts in those states. Kalshi argued that as an exchange regulated by the Commodity Futures Trading Commission, it is subject to exclusive regulation by the federal government and that the Commodity Exchange Act preempts state laws.

PANews reported on March 29 that next Wednesday (April 2) is the day for Trump's reciprocal tariff announcement, which is of global concern. Before that, investors are more cautious because it is unclear what specific tariffs Trump will implement. Bank of America foreign exchange analysts Athanasios Vamvakidis and Claudio Piron said in a report that the risks are balanced before the deadline next week.

PANews reported on March 29 that according to Cointelegraph, David Pakman, managing partner of CoinFund, said that the global stablecoin supply could surge from the current size of about $225 billion to $1 trillion, which could become a key catalyst for the growth of the cryptocurrency market. David Pakman added that this scale of growth is not actually large compared to the global financial market. Since 2021, the volume of stablecoin transactions has increased by more than 22 times, indicating an increase in on-chain capital flows, while the current stablecoin supply can only indicate that the market may still be in the middle of the cycle and has not yet reached the peak of the bull market.

PANews reported on March 29 that according to Benzinga, Matt Mena, a cryptocurrency research strategist at 21Shares, said that the U.S. stock market has fluctuated amid macro uncertainty, while BTC has shown resilience and is defending the $84,000-85,000 support area. Nic Puckrin, founder of The Coin Bureau, pointed out that the PCE data released on Friday may cause the Federal Reserve to postpone its recent interest rate cut plan, and Bitcoin is not expected to return to its historical highs before the Federal Reserve cuts interest rates again.

PANews reported on March 29 that according to Samaa, Inky Cho, a financial market strategist at Exness, said that the recent decline in the cryptocurrency market may be related to the panic of selling caused by the transfer of BTC by Mt.Gox to settle debts, and Trump's remarks about the upcoming recession have brought shocks to the stock and cryptocurrency markets. Currently, the correlation between Bitcoin and Nasdaq remains at around 40%, which is down from the previous peak of 72%. However, Bitcoin and ETH and other altcoins are polarizing. Bitcoin is more like a tool to hedge against economic uncertainty and current US tariffs, while altcoins including Ethereum are still linked to the Nasdaq market dominated by the technology industry and technology stocks. Therefore, in the long run, Bitcoin's role as a tariff hedging tool may be enhanced, especially when tariffs cause economic instability.

According to Onchain Lens, a PEPE whale has sold 2.25 million LDO ($2.18 million) in exchange for WETH and exchanged it for 12,037 AAVE at $181. Initially, the whale bought 3.6 million LDO at a price of 2,234 ETH ($7 million). Currently holding 1.35 million LDO ($1.215 million), facing a loss of $3.6 million.

Analysts cite trader fatigue, regulatory uncertainty and a seven-year low in bitcoin supply as key factors.

The Bitcoin spot ETF with the largest daily net outflow yesterday was the Fidelity Bitcoin ETF FBTC, with a daily net outflow of US$93.1572 million. Currently, FBTC's total historical net inflow has reached US$11.469 billion.

The Ethereum spot ETF with the largest single-day net inflow yesterday was the Grayscale ETF ETHE, with a single-day net inflow of US$4.6817 million. Currently, the total net outflow of ETHE in history has reached US$4.167 billion.

Panama has published a comprehensive draft bill to regulate cryptocurrencies and promote the development of blockchain services. According to the bill, digital assets are recognized as legal means of payment, allowing individuals and businesses to freely agree on their use in commercial and civil contracts. It explicitly authorizes the use of cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) and stablecoins to purchase goods, pay for services and settle debts, provided that both parties agree.

According to @ai_9684xtpa, the band giant whale redbase.eth, which has suffered a cumulative loss of $1.069 million due to ETH band since March 9, has leveraged 4,159 ETH worth $7.8 million 7 hours ago. The whale bought 1,322 ETH at a cost of 2.5 million DAI, and then continued to pledge the purchased ETH to borrow stablecoins for a long cycle. Currently, a total of 4,150 WETH has been pledged to borrow 5.35 million DAI, with a health level of 1.14; if ETH falls to $1,676, its position will be forcibly liquidated.

According to the monitoring of on-chain analyst @ai_9684xtpa, the address 0xcD4...364D6 has recharged 16,800 ETH to Binance again in the past 16 hours, worth $31.62 million, which is suspected to be a sell-off. In the past week, the whale has transferred a total of 31,002 ETH (about $59.97 million) to the exchange, with an average recharge price of $1,934.