Gate News Report, March 11, BTC breaks through $71,000, with a daily increase of 1.09%.

Gate News Report, March 11 — According to Lookonchain monitoring, a newly created address (bc1qmh...las6u) withdrew 450 BTC from a certain CEX, worth approximately $31.63 million.

VanEck Research Director Matthew Sigel pointed out that Bitcoin mining stocks are attractive to investors, as mining companies are shifting toward the AI market to enhance value. Core Scientific plans to sell Bitcoin assets to expand its AI business, and Riot Platforms expects to achieve a strategic transformation by 2025. Over the past 12 months, both Core and Riot stocks have increased by 90%, while MARA has fallen 35% due to rising costs. NODE ETF has risen over 30% since its launch.

On March 11,, French police arrested 12 suspects involved in planning last year's cryptocurrency kidnapping case, rescuing a Swiss man who had been held for four days. The kidnappers demanded ransom paid in cryptocurrency, and the victim was subjected to severe abuse. Authorities have identified approximately 20 related individuals and have filed multiple charges against several suspects.

Gate News Report, March 11: According to Whale Alert monitoring, USDC issuer USDC Treasury has minted an additional 250 million USDC on the Solana blockchain.

Gate News Report, March 11 — According to data from the crypto analytics firm Glassnode, the 90-day profit and loss ratio (90D-SMA) of Bitcoin has remained below 1 since February 21, maintaining an overall state of excess loss. Historical data shows that after this indicator drops below 1, it typically takes more than 6 months to recover, during which market liquidity remains in a waiting phase for a return.

Gate News Report: On March 11, a newly created address starting with 0xFB0f withdrew 8,209 ETH from a certain CEX, worth approximately $16.85 million.

Elon Musk revealed that xAI, in collaboration with Tesla, is developing the Macrohard or Digital Optimus project, which combines Grok and AI technologies to process computer operations in real time. This system simulates the entire company's operations and is jokingly called "Giant Hard." Its goal is to create a unique and low-cost real-time intelligent AI system.

Gate News Announcement: On March 11, a CEX announced that its adjusted revenue for 2025 reached €371 million ($430 million), a 16% increase from the previous year. Registered users grew by 25%, reaching 7.4 million. In 2025, the exchange expanded its product offerings, strengthened institutional partnerships, and made significant progress in regulatory compliance, including obtaining the MiCA license across the European Union and cryptocurrency licenses in the UK and UAE.