MyToken data monitoring shows that on 【March 11th, 07:42】 (Beijing Time), an address starting with 【0x3117】 transferred 【404028695.11 USDC】 to an address starting with 【0xa0b8】, with a total value of approximately 【403.96 million】. Real time monitoring of large transfers：https://www.mytokencap.com/large-transfers/

MyToken data monitoring shows that on 【March 11th, 07:39】 (Beijing Time), an address starting with 【0x688c】 transferred 【300029608.15 USDC】 to an address starting with 【0xa0b8】, with a total value of approximately 【299.98 million】. Real time monitoring of large transfers：https://www.mytokencap.com/large-transfers/

MyToken data monitoring shows that on 【March 11th, 07:38】 (Beijing Time), an address starting with 【0x5695】 transferred 【103999086.93 USDC】 to an address starting with 【0xa0b8】, with a total value of approximately 【103.98 million】. Real time monitoring of large transfers：https://www.mytokencap.com/large-transfers/

According to Odaily Planet Daily, Bitwise Chief Investment Officer Matt Hougan stated that the price of Bitcoin could potentially reach $1 million per coin in the future. He believes that Bitcoin's long-term potential becomes clearer when viewed from the perspective of the global "Store of Value" market, as it is gradually competing with gold for the status of a digital store of value asset. In his latest memo titled "How Bitcoin Gets to $1 Million," Hougan points out that the current global store of value market is approximately $38 trillion, with about $36 trillion coming from gold, while Bitcoin accounts for about $1.4 trillion, less than 4% of the market. Hougan argues that many investors underestimate Bitcoin's potential by ignoring the growth rate of the store of value market itself. For example, when the first gold ETF was launched in the US in 2004, the global gold market was only about $2.5 trillion; today it is close to $40 trillion, with a compound annual growth rate of about 13%. This growth is mainly driven by increased government debt, geopolitical uncertainty, and loose monetary policy. If the store of value market continues to expand at a similar pace over the next decade, its size could reach approximately $121 trillion. In this scenario, Bitcoin only needs to capture about 17% of the market share to potentially reach a price of $1 million. Hougan also points out that the recent development of the crypto market has laid the foundation for this prospect. For example, a few years ago there were no Bitcoin spot ETFs in the US, but now Bitcoin spot ETFs have become one of the fastest-growing ETF products in history. Meanwhile, institutional investors, including the Harvard University endowment fund and the Abu Dhabi sovereign wealth fund, have also begun allocating to Bitcoin.

According to Odaily Planet Daily, investment bank TD Cowen suggests that the US Congress may be close to passing legislation permanently banning the Federal Reserve from issuing central bank digital currencies (CBDCs). This move could benefit stablecoin issuers but may also introduce new complexities to legislation concerning the structure of the crypto market. Last week, US Senator Ted Cruz introduced an amendment to the 21st Century Road to Housing Act, seeking a permanent ban on the Federal Reserve issuing CBDCs. The amendment aims to convert the current temporary ban, effective until 2030, into a permanent provision. The housing bill is expected to be submitted to the Senate for a vote as early as this week. Jaret Seiberg, Managing Director of Research at TD Cowen's Washington division, stated that the final housing bill submitted to the president for signature is likely to include this ban, with a permanent ban being more probable than a temporary one. Seiberg pointed out that the amendment primarily reinforces the current policy stance. The Federal Reserve has repeatedly stated that it will not issue a digital dollar without explicit congressional authorization. Meanwhile, several US lawmakers have recently co-signed a letter to congressional leadership calling for a permanent ban on CBDCs. Representative Ralph Norman stated that unlike cash, CBDCs could allow the government to track transactions and monitor individual spending, therefore a permanent ban is necessary to protect Americans' privacy and freedom. It's worth noting that the U.S. House of Representatives passed the Anti-CBDC Surveillance State Act last year, prohibiting the Federal Reserve from directly issuing CBDCs to individuals. Cruz has also been pushing the Senate to pass similar legislation.