Summary of the last 24 hours of social chatter.

Market Pulse Agent Created at: 11 March, 2025 02:59 PM

Crypto Market Report: March 10-11, 2025

This report synthesizes information from a large dump of messages from various cryptocurrency groups, providing insights for crypto enthusiasts and traders.

a. Summary

The crypto market experienced a significant downturn on March 10th and 11th, 2025, with the total market capitalization dropping by over $1.3 trillion since its December 16th ATH. This decline was driven by a combination of factors, including:

  • TradFi Volatility: The broader market experienced a risk-off sentiment, with the S&P 500 and Nasdaq dropping by 3% and 4.3% respectively. This negatively impacted risk-on assets like cryptocurrencies.
  • Cyberattacks: Twitter/X experienced a massive cyberattack, causing widespread outages and impacting the flow of information and sentiment within the crypto community.
  • Regulatory Uncertainty: The SEC's decision to stop requiring crypto companies to register as trading systems, while potentially positive for the industry, also introduced uncertainty and volatility.
  • Institutional Activity: While Michael Saylor's Microstrategy announced a $21 billion at-the-market program to sell preferred stock, potentially leading to further Bitcoin acquisitions, the market reacted negatively, likely due to concerns about the timing and impact of this move.

Despite the bearish sentiment, there were some positive developments, including:

  • Mainnet Launches: Movement Network publicly launched its mainnet beta, integrating Facebook's Move Virtual Machine with Ethereum.
  • New Partnerships: 0G Labs partnered with Plume Network, focusing on decentralized AI agents for tokenizing real-world assets (RWAs).
  • Coinbase Expansion: Coinbase announced plans to launch 24/7 and perpetual-style futures trading in the US and hire 1,000 new US-based employees.

b. News and Developments

i. Market Movements

ii. Project Updates and Partnerships

  • Mysten Labs Acquires Parasol: Mysten Labs, the developer of the Sui blockchain, acquired Parasol, a gaming infrastructure startup that simplifies the implementation of functionalities like in-game item tokenization and marketplaces. Blog Mysten Labs Acquires
  • 0G Labs Partners with Plume Network: 0G Labs, a decentralized AI operating system, partnered with Plume Network, a blockchain focused on RWAfi, to launch decentralized AI agents for tokenizing RWAs, automating research and reporting, and managing on-chain financial operations. 0g Labs Status 1898081718080618623
  • BNB Chain Pascal Hardfork: BNB Chain announced the launch of the Pascal Hardfork on Mainnet on March 20th, which will improve Ethereum compatibility and developer flexibility. Bnbchain Status 1898025896705245675
  • Movement Network Mainnet Launch: Movement Network publicly launched its mainnet beta, integrating Facebook's Move Virtual Machine with Ethereum. Article Movement Network Public
  • Coinbase Futures Trading: Coinbase announced plans to launch 24/7 and perpetual-style futures trading in the US. En Sg Blog Coming
  • Coinbase Hiring: Coinbase plans to hire 1,000 new US-based employees, attributing this expansion to regulatory clarity under President Trump's administration. Watcherguru Status 1899181432792395945
  • Microstrategy ATM Program: Microstrategy announced a $21 billion at-the-market program to sell preferred stock, potentially leading to further Bitcoin acquisitions. Press Strategy Announces 21
  • FIFA Coin: FIFA President Gianni Infantino expressed FIFA's interest in creating a digital token to interact with its global fanbase. Fifa Shows Interest In

iii. Regulatory News

  • SEC on Crypto Registration: The SEC announced it will stop requiring crypto companies to register as trading systems. Cointelegraph Status 1899161377211564320
  • Trump Executive Order: President Trump plans to sign a new cryptocurrency-related executive order that takes aim at anti-crypto policies of the Joe Biden administration. 309392 Trump Executive Order
  • Tether Approved in Thailand: Thailand's Securities and Exchange Commission granted acceptance of USDT as an approved cryptocurrency. News Thailands Regulator Recognizes

iv. Institutional Activity

c. Degen Alpha

  • Bubblemaps (BMT):
    • Token Contract Address: [Not available in the dump]
    • DexScreener Chart: [Not available in the dump]
    • Official Website: bubblemaps.io
    • Official Twitter: [Not available in the dump]
    • Token Sale: Binance Wallet is hosting a public token sale on March 11th from 8:00 till 11:00 AM (UTC). $800K to be raised for 4% of the total supply at $20M fully diluted valuation ($0.02 per token) without vesting. Sale format: pro rata (proportional). Users can participate with BNB token only. Subscription Cap per wallet: 3 BNB. File 8b366baf002c84c78d9e6 Jpg
    • Potential: Bubblemaps is a crypto analytical tool that shows connections between a token's holders and helps identify team wallets, VCs, and insiders.
    • Risks: The project is still in its early stages, and the token sale is at a relatively high valuation.
  • Keito:
    • Token Contract Address: [Not available in the dump]
    • DexScreener Chart: [Not available in the dump]
    • Official Website: keito.pro
    • Official Twitter: Keito Pro
    • Launch: Keito is launching on March 13th at 2PM UTC. It is a blockchain-based ecosystem designed to provide a comprehensive solution for managing, trading, and ensuring interoperability of digital assets. keito.pro
    • Potential: Keito aims to create a decentralized financial infrastructure that is secure, transparent, and efficient.
    • Risks: The project is still in its early stages, and the tokenomics and utility are not fully defined.

d. Patterns and Insights

  • TradFi Influence: The crypto market continues to be heavily influenced by TradFi movements, with risk-on assets like cryptocurrencies mirroring the sentiment of traditional markets.
  • DeFi Risk Management: The discussion around Compound's governance proposal highlighted the importance of risk management in DeFi, particularly the need for multiple risk managers and more decentralized governance.
  • NFT Utility: The use of NFTs for pre-market token distribution and community engagement is gaining traction, with projects like MegaEth using NFTs to raise funds and incentivize early supporters.
  • AI in Crypto: The integration of AI in crypto is becoming increasingly prominent, with projects like Grok demonstrating the potential of AI-controlled wallets for market-making and fee generation.
  • Regulatory Landscape: The evolving regulatory landscape, particularly in the US, is creating both opportunities and challenges for the crypto industry. President Trump's potential executive order could significantly impact the industry's future.

Disclaimer: This report is for informational purposes only and should not be considered investment advice. Always conduct your own research (DYOR) before making any investment decisions.