Data: In the past 24 hours, the entire network has been liquidated by $313 million, with long positions liquidated by $107 million and short positions liquidated by $206 million.

Ledger Executive: If the US Bans Stablecoin Yields, Other Countries May Fill the Regulatory Gap

Ledger Asia-Pacific Head Shibayama stated that if the US implements a stablecoin yield ban, international discussions will increase. Countries like Australia have already provided regulatory exemptions, and currently most stablecoins do not offer yields to users. US regulatory bill progress has been slow due to opposition to prohibition clauses supported by the banking industry. Asian financial institutions' focus has shifted toward financial product tokenization and stablecoin issuance, rather than crypto-native products like DeFi.

Cambridge Study Finds Bitcoin Can Withstand 72% of Submarine Cable Failures

A study published by the Cambridge Centre for Alternative Finance on March 12, 2026, analyzing 11 years of peer-to-peer network data against 68 verified submarine cable fault events, found that 72% to 92% of inter-country submarine cables would need to fail simultaneously before more than 10% of Bitcoin network nodes disconnect.

Will stablecoin yields be banned by the US? Ledger executive warns: the global regulatory landscape may be reshaped

Ledger's Asia-Pacific head Shibayama stated that if the US bans stablecoin yield distribution, it will trigger a new global cryptocurrency regulatory landscape, with some countries potentially introducing more attractive policies. The Asian market focuses more on blockchain infrastructure and tokenization of financial products, while large institutions show less interest in direct cryptocurrency asset investments. As regulation improves, institutional investors are becoming more cautious when selecting custodial service providers.

Bitcoin Surpasses $72,000, but Market Increasingly Dependent on Leverage

Bitcoin enters the weekend fluctuating around the 72,000 USD mark, considerably lower than last week's peak above 74,000 USD and still quite far from the highs reached in early year. Looking at price movements alone, the market appears relatively stable. However, the underlying structure paints a dimmer picture.

10x Research: Unusual Adjustments in Bitcoin On-Chain Capital Flows and Position Changes

10x Research posted a message on the X platform stating that Bitcoin prices are rising slowly, with abnormal capital flows appearing in the market. Recently, funding rates and risk indicators have undergone significant adjustments, market trends are being influenced by position structures, and changes in positions for Ethereum and Bitcoin require attention, with options trading before the end of March being particularly critical.

BlockFills Entities File Bankruptcy After Withdrawals Halted, Court Froze Bitcoin

In brief BlockFills entities have filed for Chapter 11 bankruptcy after suspending client withdrawals, following an asset freeze for 70 BTC earlier this month. A lawsuit filed by its creditor, Dominion Capital, alleges BlockFills commingled assets and had a $77 million shortfall. The