MarketWhisper

Bitcoin's network hashrate fell to 920 EH/s this week, with an estimated difficulty adjustment of approximately 8% on March 20th, marking the second-largest adjustment in five years. As the Iran conflict pushes oil prices higher, miner revenues have declined substantially, with hashrate prices hitting historic lows. Major mining operators have begun selling Bitcoin and pivoting toward AI computing power to cope with margin compression.

Ethereum's staking rate broke through 31.1% in March, reaching an all-time high, while centralized exchange ETH reserves fell to a new low. This has created a tightening effect on circulating supply, attracting institutions like BlackRock and Grayscale to accelerate staking. Staking activities demonstrate institutional confidence in Ethereum and may further influence ETH price. Supply tightening helps stabilize prices, but does not necessarily lead to appreciation.

The U.S. Internal Revenue Service has extended the temporary exemption on cryptocurrency tax compliance through December 31, 2026, to address delays in broker technology readiness. Taxpayers can avoid automatic application of FIFO rules by maintaining records of specific asset identification information, but the exemption does not apply to self-custodied assets.

China's Guoxing Aerospace and Shanghai Jiao Tong University have successfully collaborated to demonstrate remote intelligent control of humanoid robots on the ground using the open-source AI agent OpenClaw in space. This technology validation marks the first practical application of space computing power and signals that it will become fundamental infrastructure for AI computing in the future, particularly in scenarios where ground networks are limited. Guoxing Aerospace plans to build a computing network that includes 2400 inference satellites by 2035.

Digital asset vault Evernorth has filed for Nasdaq listing and submitted an S-4 form to the SEC, with the anticipated merger expected to generate approximately $1 billion in proceeds to expand its XRP holdings. The company holds approximately 473.3 million XRP and faces impacts from market value fluctuations. The SEC's classification of XRP as a digital commodity will help enhance Evernorth's listing compliance and future prospects.

Recently, early Bitcoin holders have engaged in large-scale selling, drawing market attention. Two Bitcoin OGs achieved profits of approximately $330 million combined, with one accumulating Bitcoin at an average price of $332 in 2013 and recently transferring 1,000 BTC. Meanwhile, exchange whale capital inflow ratios reached an 8-month high, indicating that large holders are dominating the market. Bitcoin price continues to face pressure, declining over 43% from its all-time high.

Cybersecurity company Malwarebytes has warned of a fake website "pudgypengu-gamegifts[.]live" impersonating the newly launched Pudgy World game, attempting to steal cryptocurrency wallet passwords. The attackers meticulously replicated 11 wallet interfaces, exploiting players' trust in connecting wallets. Experts recommend that users access official websites only through bookmarks and remain vigilant against any prompts requesting wallet passwords to be entered on web pages.

Bitcoin financial services company Fold reported a net loss of $69.6 million in its 2025 report, with the stock price falling to $1.07. The company will launch a Bitcoin rewards credit card as a core strategy to expand its customer base and continues to push forward in enterprise solutions, but the widening losses are mainly due to business expansion costs and debt repayment. Fold currently holds 1,527 Bitcoins, indicating its long-term development direction.

The White House recently registered the domain aliens.gov, which currently has no content. Experts speculate it may be related to Trump's announcement of a government plan to declassify UFO files. This move has attracted significant attention, especially following Obama's remarks about the existence of extraterrestrials, which sparked a broader UFO trend. Some commentators believe it could be a political maneuver. The Pentagon's current UFO investigation has not yielded any major discoveries, and its future use remains to be seen.

PiRC-101 is a governance proposal for Pi Network designed to maintain the purchasing power of Pi tokens through an internal valuation mechanism and manage token dilution issues. The proposal has sparked controversy because the valuation benchmark is considered overly high and lacks transparency. Supporters believe it can promote trust and utility, while critics worry about its feasibility and impact on decentralization principles. Currently, the proposal is still under review and has not yet affected network operations.

"Crypto Castle" is a YouTube sitcom created by actor Viv Ford that tells the story of Bitcoin's early days in 2015, centering around the lives and ideals of a group of early adopters. Ford aims to explore the evolution of cryptocurrency culture and the idealism of early participants in a lighthearted and humorous manner, reflecting how the essence of this culture has gradually been distorted as the market matured. The show airs free on YouTube, intending to change viewers' preconceived notions about cryptocurrency.

US national debt surpassed $39 trillion in early March, reigniting discussions on fiscal stability. Budget deficits and large-scale spending programs have accelerated debt expansion, causing government interest expenses to compress investment space. This situation has sparked market interest in assets like Bitcoin, though short-term movements are not necessarily stable. Policymakers face choices between cutting spending, raising taxes, or continued borrowing, with structural reforms viewed as a long-term solution, though implementation remains challenging.

Taiwan's Financial Supervisory Commission is currently assessing the feasibility of changing the trading unit for Taiwan stocks from 1,000 shares to 1 share, and allowing day trading of fractional shares. This reform aims to address current systemic inequities, enhance investor trading flexibility, including synchronizing matching times with the market opening and day trading eligibility. There are divergent views among stakeholders regarding the reform, with primary considerations being system conversion costs and market impacts. If the assessment supports the reform, it may require amendments to relevant regulations or laws.

Taipei has experienced three cryptocurrency robbery cases in a short period of time, with criminal gangs using social media with various tactics to lure victims into meeting to exchange USDT, followed by robbery. Police remind the public that they must conduct transactions through legitimate exchanges to avoid risks. Some criminal organizations have even used AI to create fake accounts to spread false information and mislead the public into participating in illegal transactions.

According to Polymarket data, the probability of a ceasefire between the US and Iran by March 31 is 7%, indicating the market's pessimistic view on the conflict. The Federal Reserve decided on Wednesday to keep interest rates unchanged and raised its inflation expectations for 2026, under which impact Bitcoin fell nearly 4% to $71,017. Market volatility simultaneously affected Brent crude oil and the stock market, demonstrating the complex situation resulting from the interweaving of various factors.

Netflix acquired AI company InterPositive for approximately $600 million, entering the generative AI field with a focus on image asset modification and recreation. Director Steven Spielberg emphasizes that creativity is a uniquely human experience, opposing AI replacing human creators, reflecting divisions within Hollywood over AI, with some creators advocating for legal regulations on AI usage.

OpenClaw founder Peter Steinberger warned users to be vigilant against phishing emails that impersonate GitHub notifications, luring users to click suspicious links to obtain fake tokens. The attack targets developers worldwide, with attackers using publicly available contact information for precision attacks. To prevent fraud, users should only trust information from official websites and delete any suspicious emails.

Goldman Sachs has become the largest public holder of XRP spot ETF with a position of approximately $154 million, but this institutional signal has yet to be reflected in the coin price, with XRP still hovering around $1.29. Technical analysis shows that the $1.50 support level is critical, and a breakthrough could push prices higher.

Pi Network recently distributed rewards to KYC verifiers, with each receiving 52.62 Pi, marking the first time verification work has been linked to token rewards. This mechanism not only recognizes the contributions of verifiers but also ensures practical use cases for Pi, such as DApps consumption and transactions, enhancing community engagement and building long-term trust. This signals sustainable development of the token economic model, with potential expansion to more application scenarios in the future.

US spot Bitcoin ETF sees seven consecutive days of inflows, marking the longest streak since the start of 2025. Cumulative inflows over the past three weeks reached $2.2 billion, accounting for 79% of total crypto inflows. Although market sentiment has improved somewhat, it still falls short compared to the 2025 peak, with analysis suggesting a recovery in market demand rather than the onset of a bull cycle. Solana ETF showed outstanding performance this week, while Ethereum ETF continues to face net outflow pressure.