KEYTAKEAWAYS
- Chainlink transfers 19 million LINK tokens ($2.62B) in its quarterly unlock, with 14.87M sent directly to Binance, highlighting the significant impact of token release schedules on market dynamics.
- Despite market turbulence, high-net-worth Americans show increasing interest in cryptocurrencies, with 26% currently holding crypto assets and 38% planning future investments.
- The shift in investment preferences from VC-backed tokens to community-driven projects reflects market maturation, though meme coin popularity is fading as fundamentals reassert importance.
CONTENT
Welcome to the CoinRank Crypto News Roundup. CoinRank will provide daily important crypto news in this column series, allowing readers to quickly obtain the latest crucial updates from the cryptocurrency market.
MORNING NEWS
1. Ecosystem Tokens Show General Uptrend
On March 15, ecosystem tokens experienced a general upward trend. Notable performances include: one token priced at $2.33 with a 24-hour increase of 6.2%, another at $0.08997 with an 8% increase, a third at $0.09512 with a 4.76% increase, and a fourth at $0.1717 with a substantial 24-hour increase of a 28.4%.
2. Chainlink Completes Quarterly Token Unlock of $2.62 Billion
According to on-chain analyst Ember (@EmberCN), Chainlink has completed its quarterly routine token unlock, with a total of 19 million LINK (approximately $2.62 billion) transferred from two non-circulating supply addresses. Of these, 14.875 million LINK (approximately $2.05 billion) were directly transferred to Binance exchange, while another 4.125 million LINK (approximately $57.04 million) were transferred to a multi-signature address.
3. 50x Leverage Whale on Hyperliquid Faces $1.4M Floating Loss
According to @ai_9684xtpa monitoring, the short position of a 50x leverage whale on Hyperliquid has a floating loss of $1.4 million. The trader added another 670,000 USDC as margin and has already closed out 20 BTC. The current position stands at 3,940.84 coins with an entry price of $84,040.8 and a liquidation price of $85,302.
4. US Senate Passes Spending Bill, Averting Government Shutdown
The U.S. Senate passed a stopgap spending bill on Friday, averting a partial government shutdown, after Democrats backed down in a standoff driven by anger over President Trump’s campaign to slash the federal workforce. The Senate voted 54-46 to pass the bill after fending off four amendments. The measure, which largely maintains spending at about $6.75 trillion for the fiscal year ending September 30, will cut spending by about $7 billion, with the military receiving about $6 billion more while non-defense programs will see a $13 billion reduction. Senate Democratic Leader Chuck Schumer’s decision to support the bill has created significant divisions within the Democratic Party.
5. Dow Jones Experiences Significant Weekly Drop
According to BlockBeats, the Dow Jones Industrial Average has experienced its most significant weekly drop since March 2023. Meanwhile, the S&P 500 and Nasdaq indices have both fallen for the fourth consecutive week.
NOON NEWS
1. VC-Backed Tokens Losing Popularity as Investors Seek Fairer Distribution
In an interview with BeInCrypto, Ella Zhang, Head of YZi Labs, explained that while community-driven narratives provide investors with a fairer entry point, they’ve lost momentum over time due to weak fundamentals. A noticeable trend has emerged since 2024: investors are increasingly favoring altcoins with minimal venture capital involvement. According to Dune data, the benchmark for VC unrealized profits has decreased to just 3X, compared to 563X in previous cycles. Smaller investors have grown wary of VC mechanisms that maximize initial profits at retailers’ expense, particularly token dumps after unlock periods. However, despite their accessibility, meme coins’ popularity is fading due to their lack of significant utility and the frequency of pump-and-dump schemes. Zhang suggests that successful project launches should prioritize business growth and long-term value creation over simple token distribution strategies.
2. Ethereum Documentary to Premiere on Major Streaming Platforms
The cryptocurrency documentary ‘Vitalik: The Story of Ethereum’ is scheduled to premiere on April 15 on Apple TV and Prime Video. The film chronicles the journey of Vitalik Buterin and the Ethereum community as they strive for an open internet.
3. Hong Kong Asia Holdings Announces New Bitcoin-Focused Management
According to an official announcement, Hong Kong Asia Holdings (1723.HK), a Hong Kong-listed company also known as Hong Kong Stock Strategy (formerly MicroStrategy), has announced a series of new board and senior management appointments. The new CEO, John Riggins, stated in a social media post that Bitcoin-related (₿ig) products are about to enter Asia’s most important market. Riggins, a graduate of the University of Alabama with over 10 years of experience in the cryptocurrency industry, is a founding partner of the UTXO Bitcoin Ecosystem Fund and has served as Head of International Operations for BTC Inc., the publisher of Bitcoin Magazine.
4. Goldman Sachs Mentions Cryptocurrency in Annual Shareholder Letter
Goldman Sachs has, for the first time, mentioned cryptocurrency in its 2024 annual shareholder letter. This acknowledgment marks a significant shift in the bank’s public stance on digital assets, recognizing cryptocurrencies among emerging technologies reshaping industry competition. The letter notes that some competitors have already begun offering cryptocurrency-based financial products. While Goldman Sachs has been exploring blockchain technology since 2021 and launched a digital asset platform in 2022, it cautions that distributed ledger technology and cryptocurrencies are still in early stages and may face significant challenges, including cybersecurity risks.
5. Berally Platform Suspected of Being Hacked
Berally, a platform for social trading using AI agents in the Berachain ecosystem, is suspected of being hacked. According to an official statement, “Part of the deployer key information was leaked, resulting in all vesting tokens being sold and withdrawn from the liquidity pool. The dApp contract is still safe and not affected by the hacker attack, but please temporarily revoke access to the dApp and Staking. We are currently investigating this incident and will provide updates as soon as possible.”
EVENING NEWS
1. Survey Shows Increased Cryptocurrency Interest Among Wealthy Americans According to a survey released by Grayscale and Harris Poll, more than a quarter (26%) of high-net-worth Americans with investable assets of $1 million or more currently hold cryptocurrencies, and nearly two-fifths (38%) expect to include cryptocurrencies in their future investment portfolios. The data suggests that following the approval of spot cryptocurrency ETPs at the beginning of last year, high-net-worth investors are paying more attention to the economic situation and showing increased confidence in cryptocurrency investments.
2. Bitcoin Price Analysis and CME Futures Gap
According to Cointelegraph, the CME Bitcoin futures gap between $85,000 and $86,000 was not filled last weekend. The possibility of Bitcoin moving toward upward liquidity is increasing, with potential liquidations above $85,000 possibly further boosting bullish momentum. If Bitcoin forms a new high and turns $85,000 into a support level, the next key resistance would be at $90,000, potentially leading to over $1.6 billion in short position liquidations and a retest of the $95,000 resistance level. However, analyst Mark Cullen warns that Bitcoin prices will continue to fluctuate in a corrective manner, suggesting further sideways consolidation before a potential short squeeze.
3. New Cryptojacking Malware Targets Users of Pirated Software
A new type of cryptojacking malware known as MassJacker is targeting users who download pirated software, hijacking cryptocurrency transactions by replacing stored addresses. Originating from the website pesktop[dot]com, the malware swaps out crypto addresses stored on the clipboard for those controlled by attackers. CyberArk reports that 778,531 unique wallets are linked to the theft, with approximately $336,700 in cryptocurrency stored or transferred from these wallets as of August. One active wallet contained over 600 Solana (SOL) valued at around $87,000. Attackers are employing increasingly sophisticated methods to distribute malware, including fake job scams and “clipper” attacks that alter cryptocurrency addresses copied to clipboards.
4. Wormhole Integrates Circle’s CCTP V2 Protocol
Cross-chain interoperability protocol Wormhole announced on X that it has integrated Circle’s new cross-chain transmission protocol CCTP V2 to support USDC transfers between Avalanche, Base, and Ethereum blockchains. Its Wormhole Settlement function will also provide expansion options for developers building multi-chain applications.
5. Crypto Fear & Greed Index Rises But Remains in “Fear” Zone
The Crypto Fear & Greed Index, provided by software development platform Alternative, stands at 46, up 16 points from yesterday. Despite improved sentiment, the index remained in the “Fear” zone. The index ranges from 0 to 100, where 0 signifies extreme fear and 100 indicates extreme greed in the crypto market. The fear greed index takes into account six different factors: volatility (25%), market momentum/volume (25%), social media (15%), surveys (15%), Bitcoin dominance (10%), and Google Trends (10%).
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