Odaily Planet Daily reports that Tether CEO Paolo Ardoino stated in a post on the X platform that USDT is unique. The largest sender accounts for less than 5% of the total, while a single entity sends nearly 25% of the total for other stablecoins. USDT is a digital dollar designed for the masses, targeting those neglected in the traditional financial system due to insufficient wealth. Currently, over 550 million users in emerging markets rely on Tether USDT. We are very proud of this.

According to information on the website of the U.S. Maritime Administration, the U.S. has cancelled its previous warning urging commercial vessels to avoid navigation in the Strait of Hormuz and the Persian Gulf as much as possible. It is unclear whether this cancellation will alleviate concerns among ship owners and crew about the safety of the waterways. The website indicates that this cancelled warning was originally scheduled to expire on March 13. Another maritime warning targeting Iran expired on Saturday. (Jinshi)

According to Hong Kong's TVB News, a mainland businessman reported being illegally detained and extorted, losing cryptocurrency and silver worth over HK$6 million. Police stated that the 25-year-old businessman met with someone at a hotel in Hung Hom yesterday to discuss silver business. During the meeting, he was assaulted by four mainland men who forced him to provide his cryptocurrency password. They then transferred US$680,000 worth of cryptocurrency from his account. The men later went to his company and took 42 kilograms of silver. The businessman was released early this morning and reported the incident to the police. When police arrived at the hotel, the four mainland men had already left. The businessman sustained injuries to his face, arms, and legs. The case is being investigated by the Kowloon City Police District Crime Squad for unlawful detention and extortion.

According to Odaily Planet Daily, Raoul Pal posted on the X platform that while many are frustrated with cryptocurrencies and pure technical analysts believe the market is over, he disagrees. Global liquidity is historically the most important macroeconomic factor, with a 90% correlation to BTC and a 97% correlation to NDX since 2012. Its annual growth rate is approximately 10% and shows no signs of slowing down. The GMI (Global Financial Conditions Index) leads global liquidity by about 6 months and remains accommodative. Overall US liquidity was suppressed during the shutdown, entering a bearish phase. This indicator leads cryptocurrencies by about 3 months and has been accelerating from its low point three months ago. The business cycle is a key driver of returns and risks and is accelerating. eSLR (Electronic Securities Lending Rate) is a mechanism by which banks increase liquidity through lending and absorbing government bond issuance. This liquidity is also rising and will accelerate further. Tax refunds entering bank balance sheets increase the propensity to create credit, thereby increasing liquidity. The US will further cut interest rates, increasing disposable income and thus increasing risk appetite. The CLARITY Act is expected to pass, driving capital inflows. Numerous banks and asset management institutions are eager to use this technology, and this bill will address that need. Stablecoins are rapidly developing, with issuance increasing by 50% last year and still accelerating. Trading volume has reached trillions of dollars and continues to rise. US government support for cryptocurrencies is at an all-time high. Eventually, agencies will be in place, greatly accelerating market development and creating a completely new, serviceable market. The crypto market remains in a state of panic, with most indicators showing it to be at its most oversold level in history. The weekly DeMark indicator will provide very strong support in two weeks (this indicator is now available on the TradingView website). The daily DeMark indicator is also superimposed. Any weakness from here will complete the daily and weekly indicators, suggesting a potential full trend reversal. The risk factor lies in how long oil prices remain high. The next two weeks are a key period to watch. He believes the above factors will have a positive outcome. Further upside is expected.

In the past hour, total liquidations across the network reached $11.43 million, with $443,317.95 from long positions, with $10.99 million from short positions. BTC liquidation $8.41 million, ETH liquidation $1.36 million.