Abstract: Ethereum's perpetual futures show robust buying pressure, with 24h net taker volume at $5.5B and the highest 30-day average since July 2022. ETH tests $2,400 and eyes a liquidity zone at $2,475–$2,634 as EMAs rise; CVD sits around $12.6B with neutral funding, suggesting a near-term liquidity target in that range. ETH perpetual futures show strong buying with $5.5B 24h net taker volume and a 30-day high; ETH tests $2,400, aiming for $2,475–$2,634 liquidity zone as EMAs rise; CVD ~ $12.6B, funding neutral.

Kimi K2.6 tops OpenRouter leaderboard, outperforming Claude, GPT, and open-source rivals, signaling domestic AI progress and narrowing the gap with global leaders. Abstract: Kimi.ai announced that its latest model, Kimi K2.6, ranked first on the OpenRouter programming-ability leaderboard, leading developer evaluations. Benchmarks indicate K2.6 delivers superior performance across programming tasks relative to Claude, GPT-series, and other open-source models, highlighting gains in code generation and development-task handling and signaling progress for domestic AI toward international leaders.

Bitcoin developers are working on BIP-361 to protect against quantum computing threats by migrating funds to safer formats, potentially freezing 1.7 million BTC. Charles Hoskinson critiques the plan, arguing it may lead to permanent freezing of vulnerable coins. The debate highlights tensions in adapting Bitcoin's protocols.

Reports say Anthropic’s revenue has grown rapidly this year, surpassing OpenAI, and its valuation is $3800 billion, leaving investors puzzled by OpenAI’s $8520 billion valuation. Differences in how reports split revenue with cloud partners partly explain the revenue gap, and investors are focused on OpenAI’s pricing strategy and whether its valuation is reasonable.

The monthly spot trading volume of euro-pegged stablecoins dropped from nearly $200 million at the beginning of 2024 to $100 million, a decline of nearly 50%. Despite the EU's MiCA regulations supporting compliant issuance, euro stablecoins still lack substantial trading activity, with traders preferring dollar-pegged stablecoins. S&P forecasts that the euro stablecoin market will grow to €1.1 billion by 2030.

Mizuho points out that after Mastercard's acquisition of stablecoin infrastructure company BVNK, it is expected to become a "network connector" between crypto assets and fiat currency, accelerating the expansion of the payment ecosystem. Stablecoins will drive B2B cross-border payments and fund flows. Mizuho maintains its "outperform" rating with a price target of 666 dollars, believing this move will fill the gap where traditional bank card penetration is insufficient.

Unstoppable COO Sandy Carter pointed out in Forbes that a large number of small-holder wallets in the Solana network are idle with low activity levels, due to low staking yields that discourage user participation. She suggests optimizing incentive structures to increase retail participation.

On March 23rd, XRP declined 3.74%, trading at $1.39, down 62% from its 2025 high. Analysis suggests that weak market confidence is related to macroeconomic pressures. Despite price pressure, institutional infrastructure continues to expand, indicating that XRP has room to establish itself in the financial system. Future discussions may focus on the gap between price volatility and infrastructure expansion.

BNB Chain's Venus Protocol recently experienced an unusual DeFi attack that lasted nine months, ultimately resulting in approximately $4.7 million in losses. The attacker accumulated THE tokens through Tornado Cash and manipulated collateral asset prices, but ultimately suffered significant losses due to insufficient liquidity, raising concerns about DeFi security mechanisms. This incident exposed risk control deficiencies in Venus, highlighting the gap between audit gaps and actual risks.

The UK Reform Party has not yet provided cryptocurrency donation wallet addresses to the Electoral Commission, raising concerns about financial transparency and foreign interference. Regulators have pointed out that crypto donations present challenges in identity verification, calling for strengthened legislation to prevent illicit funds from flowing into the political system. As crypto asset financing expands, regulatory and compliance issues are becoming increasingly prominent.