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The price of Centrifuge (CFG) has surged following an announcement from Binance that it will begin supporting spot trading for the token at 1:00 p.m. UTC today. According to CoinMarketCap, CFG is currently trading at $0.1881, up 54.81%.

BlackRock has deposited 1,701 BTC, worth $124.88 million, to Coinbase Prime, Onchain Lens reported. Coinbase Prime is a prime brokerage platform that facilitates large-scale trading and custody for institutional investors.

The recent rebound in BTC is due to a strengthening long-term holder base, driven by fund inflows into spot ETFs and sustained corporate buying, according to an analysis from Wall Street asset management firm Bernstein. Cointelegraph reported that Bernstein noted BTC's recent rally occurred despite geopolitical tensions in the Middle East. The firm also pointed to three consecutive weeks of net inflows into U.S. spot Bitcoin ETFs. Bernstein explained that as buying from ETFs and corporate treasuries expands, the market structure is gradually stabilizing, with about 60% of Bitcoin's supply now held by long-term investors who have not moved their coins in over a year.

Binance has announced the launch of an EWJ/USDT perpetual contract that tracks the price of a Japanese stock market ETF. The new product is scheduled to go live at 1:30 p.m. UTC on March 19 and will offer up to 10x leverage. The contract is based on the iShares MSCI Japan ETF, which follows large- and mid-cap Japanese stocks.

Binance has announced it will list Centrifuge (CFG) for spot trading at 1:00 p.m. UTC today. The listing will include the Seed Tag, which is applied to tokens that may exhibit higher volatility and risk compared to other listed tokens.

Digital asset investment products saw a total net inflow of $1.06 billion last week, marking the third consecutive week of inflows, CoinShares reported in its weekly fund flow report. CoinShares suggested this indicates that digital assets are being perceived as a relatively safe haven compared to other assets amid the war originating from Iran. Bitcoin investment products attracted $793 million in net inflows, while Ethereum products saw $315 million. However, XRP products experienced a net outflow of $76 million, marking the second straight week of outflows.

A proposal to introduce a staking governance system for World Liberty Financial (WLFI) has passed with 99.12% approval, CoinDesk reported. Among the roughly 1,800 participants in the vote, the top 10 wallets accounted for approximately 76% of the total tokens cast. The proposal centers on a three-tier staking mechanism based on the WLFI governance token: - Base tier: Voting rights are granted after a 180-day lock-up period. - Node tier: Requires staking around 10 million WLFI ($1 million) and provides a one-to-one conversion function between stablecoins and USD1 through licensed market makers. - Super Node tier: Requires staking 50 million WLFI ($5 million) and offers the opportunity for direct communication with the project's management team.

Binance has announced it will list the AAVE/U, TAO/U, UNI/U, and WLFI/U spot trading pairs at 8:00 a.m. UTC on March 17.

Bithumb has announced the temporary suspension of deposits and withdrawals for Nillion (NIL) starting at 2:00 a.m. UTC on March 17 to support the token's network transition.

An anonymous whale address has withdrawn 1,140 BNB ($770,000), 12,883 AAVE ($1.53 million), 545 ETH ($1.23 million), and 62,898 LINK ($600,000) from Binance, Onchain Lens reported. The whale's current holdings include 23,683 AAVE ($2.82 million), 1,005 ETH ($2.26 million), 51,190 HYPE ($2.01 million), 2,090 BNB ($2.01 million), 115,889 LINK ($1.11 million), and 7.85 million ENA ($920,000).

Iran's foreign minister said the country has never asked the U.S. for a ceasefire and that its resistance will continue, Walter Bloomberg reported.

Growing tensions in the Middle East, including the potential closure of the Strait of Hormuz and the threat of war involving Iran, are highlighting the vulnerability of critical global infrastructure more than ever. If the undersea cables that carry 99% of the world's data traffic were to face a physical attack, could Bitcoin survive? The CoinNess Daily Report selects and analyzes one key crypto industry issue each day. Stay informed with CoinNess.

Japanese listed company Metaplanet, which has been accumulating Bitcoin, has announced a revision to its capital allocation policy. The company stated that the recent decline in BTC prices, which brought its modified Net Asset Value (mNAV) to around 1x, necessitated greater flexibility in its capital policy. Under the revised plan, Metaplanet will seek to maximize its BTC yield by utilizing perpetual preferred stock. It will also implement a strategy of buying back its own shares to increase BTC holdings per share whenever its mNAV drops below 1x. Additionally, the company plans to use Bitcoin-backed credit lines as a supplementary funding source but intends to manage its borrowing conservatively. Metaplanet CEO Simon Gerovich said the company recently secured approximately 40.8 billion yen ($258 million) through a fundraising round with global institutional investors. He noted that the new share issuance was conducted at a price reflecting a premium of about 2% and that the structure allows for a potential fundraising total of up to 85.3 billion yen ($540 million). The secured funds will be used to expand its Bitcoin treasury strategy, Gerovich added.

South Korea's Financial Intelligence Unit (FIU) has imposed a six-month partial business suspension and a 36.8 billion won ($28.3 million) fine on cryptocurrency exchange Bithumb, Money Today reported. The FIU operates under the country's Financial Services Commission. Under the suspension, existing customers can continue to trade without restrictions. New customers will face temporary limits on external crypto asset transfers but will still be able to trade, exchange assets, and deposit or withdraw Korean won. The FIU has issued a preliminary notice of the fine and will finalize the amount after providing Bithumb with a period of at least 10 days to submit its opinion.

Stablecoins are establishing themselves as the core infrastructure for on-chain finance, according to a CryptoQuant contribution from crypto analyst XWIN Research Japan. The analyst noted that on-chain data shows the number of active ERC-20 stablecoin addresses has increased rapidly in recent years, with their use expanding across various sectors including trading, payments, and DeFi. The current stablecoin market capitalization is around $300 billion, with USDT and USDC serving as the primary sources of liquidity. Their use cases vary globally. In high-inflation countries like Nigeria, they function as a digital dollar, while in India and the Philippines, they are used for overseas remittances. In the U.S., their main use is to supply liquidity to financial markets. Meanwhile, Japan is also seeing expanded adoption of yen-based stablecoins like JPYC following recent regulatory developments, the analyst added.

South Korean crypto exchange Bithumb announced it has placed Venus (XVS) on its delisting watchlist.

According to CoinNess market monitoring, BTC has fallen below $73,000. BTC is trading at $72,921.82 on the Binance USDT market.

An address belonging to Erik Voorhees, CEO of crypto trading platform ShapeShift, has accumulated 33,544 ETH ($71.2 million) over the past week, ai_9684xtpa reported. The average purchase price was $2,122, leaving the position with a current unrealized profit of $4.23 million.

South Korean crypto exchange Bithumb announced it will temporarily suspend deposits and withdrawals for Akash Network (AKT) starting at 8:00 a.m. UTC on March 23 to support an upcoming network upgrade.

Eugene Ng Ah Sio, known as a top trader on Binance Futures, announced on his Telegram channel that he has switched to a long position. He explained that cryptocurrencies are showing relative strength amid global macroeconomic uncertainty and are attempting to break through key resistance levels. Sio noted this is the first time the crypto market has shown such strength since Bitcoin's drop to $60,000. While he did not buy at the absolute bottom, he believes that going long after a period of range-bound trading minimizes risk. He also pointed out that many altcoins are forming classic "rounded bottoms" patterns. Sio predicted that a full-blown rally could begin if BTC breaks through $74,000, which could see Ethereum (ETH) recover to $2,400 and Solana (SOL) to $100.

Bitcoin is struggling to break out of a range between $60,000 and $75,000 following the recent conflict in Iran, Bloomberg reported. While BTC has performed better than stocks or gold since the conflict, it remains more than 40% below its peak from last October. Wintermute analyst Jasper De Maere noted that despite Bitcoin's rise, bearish sentiment is prevailing, with open interest increasing while funding rates turn negative. He added that lower trading volumes compared to the end of last year make the asset vulnerable to price volatility. Similarly, Andreja Cobeljic, head of derivatives trading at Swiss-based crypto bank Amina, said BTC lacks the momentum for further gains and could see another decline after a temporary relief rally. Bloomberg added that market attention is shifting from cryptocurrencies to commodities and real assets like crude oil and aluminum, which it referred to as "Old Economy Assets."

Although Bitcoin is showing signs of a rebound, the bear market phase does not appear to be over as liquidity has not fully recovered, Bitget CEO Gracy Chen said on X. She noted that while many are asking whether to buy now that BTC has recovered to $74,000, she has previously emphasized the $60,000 to $70,000 range as suitable for dollar-cost averaging (DCA). However, Chen stated that this is not the range to invest all available funds, adding that she personally plans to go "all-in" if BTC falls below $50,000. She advised that while buying now is acceptable, investors should not panic if a 20-30% drop follows. Chen stressed the importance of doing one's own research (DYOR) rather than investing based on others' opinions.

The U.S. Securities and Exchange Commission (SEC) has dropped its lawsuit against Nader Al-Naji, founder of the decentralized social media platform BitClout, Cointelegraph reports. The move was formalized in a joint stipulation of dismissal filed with the U.S. District Court for the Southern District of New York. The SEC originally sued Al-Naji in 2024, alleging he had raised $257 million through the sale of BitClout's native token, BTCLT, while falsely claiming the funds would not be used to pay team member salaries. Cointelegraph noted that the SEC has been retracting its previously hardline stance against cryptocurrency firms under the second Trump administration.

BTC perp long/short ratios on top exchanges by open interest The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest: Overall: 51.94% long, 48.06% short - Binance: 54.01% long, 45.99% short - OKX: 53.71% long, 46.29% short - Bybit: 51.87% long, 48.13% short

One in four Gen Z Australians invests in cryptocurrency, according to a survey by the Australian Securities and Investments Commission (ASIC), Cointelegraph reported. The survey found that 23% of Gen Z hold crypto, with 29% of those investors making trading decisions based on content from social media and influencers. ASIC noted that Gen Z has a tendency to place excessive trust in low-credibility information, which could lead to risky decisions. The survey was conducted from Nov. 28 to Dec. 10 of last year and included 1,127 respondents between the ages of 18 and 20.