render

According to Jinshi Data, on March 7 local time, Iranian President Pezeshkian delivered a speech calling for national unity to defend Iran, stating that Iran would never unconditionally surrender. In his speech, Pezeshkian apologized to neighboring countries and stated that the interim leadership committee approved on the 6th to no longer attack neighboring countries or launch missiles unless these countries first attack Iran.

According to market news, Glassnode data shows that the hash ribbon indicator is close to signaling the end of a three-month miner capitulation period, which is one of the longest miner capitulation periods in history. When the 30-day moving average of hash rate rises above the 60-day moving average, it will trigger a recovery signal, indicating that miners are coming back online and network pressure is easing.Since the first reversal of this indicator last November, Bitcoin has fallen from around $90,000 to a low of $60,000 in early February, and is currently rebounding to around $65,000. The hash ribbon indicator is based on the comparison of the 30-day and 60-day moving averages of hash rate. Miner capitulation occurs when mining revenue falls below operational costs, leading inefficient miners to shut down and sell off their Bitcoin reserves, resulting in a decrease in hash rate and increased market selling pressure. Historically, such capitulations often coincide with local or major bottoms, including January 2015, December 2018, and December 2022. Currently, the trading price of Bitcoin is below the estimated average production cost of $66,000, which last occurred in November 2022, when Bitcoin bottomed around $15,500.

According to Binance spot market data, the market has experienced significant volatility. OP has dropped 31.16% in the last 24 hours, reaching a new low for the week.In terms of gains, RENDER has increased by 5.85% in the last 24 hours, hitting a new high for today. Additionally, COW, RAY, and NTRN have also reached new highs for today, with increases of 6.25% and 6.61%.On the other hand, JTO has shown a "high and then low" state, with a decrease of 7.34%; XVS and CYBER have reached new lows for today, with declines of 5.81% and 7.49%, respectively; QNT has also reached a new low for the week, with a drop of 5.03%.

According to a report by Cointelegraph, Santiment's latest report shows that the Memecoin market is currently exhibiting "classic capitulation signals." Despite the overall volatile trend in the cryptocurrency market, the sector may be approaching a temporary bottom.Data shows that the total market capitalization of Memecoins has dropped by about 34% over the past 30 days, falling to $31.02 billion. During the same period, Dogecoin fell by 32%. Santiment points out that there is currently a rising "nostalgic" sentiment towards Memecoins on social media, with many traders generally accepting the narrative of the "end of the meme era," and this consistent pessimism is often a typical market capitulation signal.The report states that when a sector is "completely sentenced to death" by the market, it is often the point of contrarian attention, as "maximum pain often corresponds to a temporary bottom." Additionally, Santiment notes that bearish comments on crypto social media significantly outnumber bullish comments. Historical experience shows that the market usually moves in the opposite direction of public expectations. Even if prices rebound, doubts remain in the market, which may instead favor a more sustained recovery trend.Santiment emphasizes that as Bitcoin becomes more institutionalized, the traditional path of "Bitcoin hitting new highs → Ethereum catching up → altcoin season rotating comprehensively" may no longer be fully applicable. In the future, altcoin trends may become more differentiated rather than simply "a rising tide lifts all boats."

According to The Block, K33 stated in its latest report that the drop of Bitcoin approaching $60,000 last week may indicate a local bottom. This round of sell-off has shown "surrender conditions" in the spot, ETF, and derivatives markets, including extreme levels of trading volume, funding rates, and options skew.Some indicators show that Bitcoin's daily RSI has dropped to 15.9, the sixth lowest since 2015, only behind March 2020 and November 2018; the Crypto Fear and Greed Index has fallen to 6, marking the second lowest point in history. K33 believes that Bitcoin may enter a consolidation phase in the range of $60,000 to $75,000, with reduced activity and a possibility of support retest, but the risk of a significant downward move below recent lows is limited.

Bitcoin mining has entered a severe phase, with unit hash rate revenue dropping to a historical low of about $35/PH. Affected by a significant market correction, the price of Bitcoin has fallen over 50% from its 2025 peak of $126,000, currently hovering around the $60,000 range. Against this backdrop, the average production cost of a single Bitcoin across the network is approximately $87,000, about 45% higher than the current market price, marking the first large-scale "underwater operation" since the bear market of 2022.CryptoQuant defines the current phase as the "surrender phase," characterized by the accelerated shutdown of old mining machines and a noticeable contraction in overall network hash rate. As a result, the stock prices of listed mining companies such as MARA Holdings and Riot Platforms have dropped over 20% this week, with funds flowing towards more stable traditional assets like gold.Meanwhile, North America's mining hubs (especially Texas) are facing severe winter storms, forcing some mining farms to limit power usage to ensure the stability of the civilian power grid. Coupled with miner exits, the network experienced a historic difficulty adjustment of about 11% on February 9. However, due to the significant drop in coin prices, the profitability recovery effect from the difficulty adjustment is limited.The industry's "Miner Profitability Sustainability Index" has fallen to 21, indicating that, except for a few operators with low electricity costs and high efficiency, most miners have completely compressed profit margins. For companies with electricity prices above $0.05 per kilowatt-hour or those still using older model mining machines, this difficulty adjustment is unlikely to reverse the risk of total shutdown.To cope with the "2026 mining winter," leading companies are accelerating their transition to artificial intelligence (AI) and high-performance computing (HPC). IREN and Core Scientific have redirected some of their data center power capacity to support generative AI businesses to secure more stable long-term contract revenues. Recently, Bitfarms announced a complete exit from Bitcoin mining to focus on its AI strategic transformation.

According to Coindesk, data from Checkonchain shows that the current price of Bitcoin is around $70,000, which is below its estimated average production cost of about $87,000, a gap of approximately 20%. Historically, Bitcoin prices remaining below production costs is often a characteristic of bear markets, a similar situation was seen in the market cycles of 2019 and 2022.The total network hash rate reached a historical peak of about 1.1 ZH/s last October but has since dropped by about 20% due to the shutdown of less efficient mining machines, recently rebounding to 913 EH/s, showing initial signs of stabilization. However, at the current price, many miners are still in a state of loss. To maintain daily operations, pay energy costs, and service debts, miners are continuously selling their Bitcoin reserves, a phenomenon known as "miner capitulation," highlighting that the industry still faces ongoing financial pressure.

Ethereum co-founder Vitalik Buterin recently proposed a reform plan for creator tokens, arguing that the current issue lies not in incentivizing content creation, but in filtering high-quality content. He suggested that a curatorial DAO should determine which creators are important, with tokens primarily serving as predictive tools, allowing people to bet on which creators the DAO will choose, ultimately deciding who rises or falls not by speculators, but by high-value content creators.Experts have differing opinions on this view. Oxytocin, head of the Umia ecosystem, pointed out that the plan introduces a certain degree of welfare creation through prediction markets, but still lacks an appropriate off-chain execution mechanism to ensure creators maintain consistency over the long term. Marcin Kazmierczak, co-founder of RedStone, believes that prediction markets not only create speculation but also facilitate informed discovery, encouraging people to seek quality rather than chase attention metrics. Superset CEO Neil Staunton remains skeptical, questioning whether DAOs can serve as arbiters of creative quality and whether creative works should be tokenized.

According to CCTV News, recently, the head of a major cross-border gambling and fraud crime group, Chen Zhi, was legally escorted back to the country from Cambodia. Chen Zhi's criminal group is suspected of multiple crimes including fraud, operating casinos, illegal business operations, and concealing criminal proceeds. The case is currently under investigation. In order to implement a criminal policy that balances leniency and severity, and to legally punish gambling and fraud crimes while providing an opportunity for fugitives to reform and seek leniency, the following announcement is made in accordance with relevant legal provisions:From the date of this announcement until February 15, 2026, if criminal suspects voluntarily surrender to the public security organs and truthfully confess their crimes, they may receive a lighter or reduced punishment according to the law. Those who threaten, retaliate against, or obstruct suspects intending to surrender will be held criminally responsible according to the law. The public security organs urge relevant criminal suspects to recognize the situation, cherish the opportunity, and promptly surrender to the public security organs at their place of household registration to seek leniency. Those who refuse to surrender will be publicly wanted, and efforts will be made to capture them and punish them according to the law.

According to CoinDesk, the current narrow consolidation state of Bitcoin is similar to the range in April 2025. Since November 21, Bitcoin has been trading between $80,000 and $95,000, which roughly corresponds to the fluctuations between $76,000 and $85,000 from late February to early April 2025, when Bitcoin consolidated for 52 days and ended with a new round of increases, ultimately peaking at over $126,000 in October.Traders refer to this situation as "time-driven surrender," where prolonged dull price movements lead to impatient holders exiting the market. In recent years, as Bitcoin has matured as an asset and extreme declines seen in early cycles have not occurred, "time-driven surrender" has become the norm.

According to Binance spot data, the market has experienced significant fluctuations. DATA has dropped by 18.38% in 24 hours, while RENDER has risen by 10.05% in 24 hours, reaching a slight increase over 2 hours.In addition, ZRX, POLYX, TRUMP, ACH, and WIF have all shown a "high and then low" state, with declines of 5.34%, 5.8%, 5.2%, 5.99%, and 5.18% respectively. Meanwhile, CVX and RENDER have experienced slight declines within 5 minutes.

On-chain information shows that the whale starting with "0x14AE" has invested a total of $415,000 in the Lighter TGE-related predictions. This whale previously invested $16,000 predicting the "Lighter 29th airdrop," but has now surrendered and closed this prediction, incurring a loss of $4,861.Currently, this whale continues to increase its position and holds $126,000 worth of "31st airdrop" Yes shares, with an unrealized loss of over $10,000. At the same time, this whale has also invested over $300,000 predicting that the FDV on the first day of Lighter's token issuance will not be less than $2 billion (of which $263,000 predicts an FDV of not less than $1 billion).

According to Arkham data, at 14:55, 5 million RENDER (worth approximately 10.25 million USD) was transferred from Squads Vault "OTOY Custodial Holdings" to Fireblocks Custody.

ChainCatcher news, Matrixport released today's chart stating, "Trump threatens to impose a 100% tariff on China, triggering a historic collapse in the crypto market, coinciding with a time of high market leverage and extreme optimism. As prices fell, automatic liquidations on decentralized exchanges (DEX) began to trigger in a chain reaction. Due to insufficient liquidity and low trading volume, these liquidation orders were passively executed, further exacerbating the market sell-off. At one point, the Ethereum funding rate plummeted to -39%, marking one of the most severe corrections in recent years, nearly wiping out excessive leveraged positions in the market. Only a handful of traders benefited from this decline.As volatility gradually subsides, market signs indicate that new long positions are likely to be rebuilt. This historically significant "surrender-style sell-off" has completely reshaped the position landscape of the entire crypto market.

ChainCatcher message, according to the Web3 asset data platform RootData X tracking data, in the past 7 days, the decentralized GPU rendering solution provider Render has been the project with the most unfollows by X (Twitter) top figures. The new unfollowers of this project include DeFi analyst Ignas (@DefiIgnas).In addition, the project with the most unfollows by X top figures also includes Synthetix.

ChainCatcher message, according to the Web3 asset data platform RootData X tracking data, in the past 7 days, the stablecoin issuer Falcon Finance has been the project with the most unfollows from X (Twitter) top figures. The new influential figures who unfollowed this project include well-known analyst 0xWizard(@0xcryptowizard), crypto KOL Dayu (@BTCdayu), and renowned KOL 0xSun(@0xSunNFT).In addition, the projects with the most unfollows from X top figures also include Hedera and Render.

ChainCatcher news, according to Jinshi reports, Musk retweeted related updates about Grok Imagine, stating: "Ten days ago, rendering a 6-second video took 60 seconds, then it dropped to 45 seconds, then to 30 seconds, and now it has been reduced to 15 seconds. This week we might be able to control the time to under 12 seconds. Moreover, during this process, the visual quality of the video has not been affected at all."He stated, "At the same time, we are making significant upgrades to the audio track." Musk believes that "real-time video rendering technology is expected to be achieved within 3 to 6 months."

ChainCatcher message indicates that, according to SoSoValue data, various sectors of the encrypted market continue to rise. Ethereum (ETH) has increased by 3.26% in the last 24 hours, breaking through $3800 at its peak, and has now risen for 8 consecutive days. Bitcoin (BTC), after reaching a historical high of $123,000, has maintained a narrow fluctuation over the past week, currently reported at $117,000.Meanwhile, driven by the continuous rise of ETH, XRP, and others, MAG7.ssi has increased by 2.49%, peaking above 1 USDT. Additionally, DEFI.ssi has risen by 4.25%. MEME.ssi has increased by 8.50%.Notable sectors also include: the DePIN sector, which has risen by 4.92% in 24 hours, with Render (RENDER) increasing by 5.45%; the Layer2 sector has risen by 4.74%, with ImmutableX (IMX) and Celestia (TIA) increasing by 6.92% and 8.33%, respectively; the Meme sector has risen by 4.51%, with Dogecoin (DOGE), dogwifhat (WIF), and MemeCore (M) increasing by 7.23%, 11.89%, and 30.03%, respectively.In addition, the RWA sector has risen by 3.22% in 24 hours, with Keeta (KTA) and MANTRA (OM) increasing by 16.09% and 48.75%, respectively; the DeFi sector has risen by 2.86%, with Ethena (ENA) increasing by 11.59%; the PayFi sector has risen by 2.34%, with Litecoin (LTC) increasing by 4.83%; the Layer1 sector has risen by 2.33%, with Cardano (ADA) increasing by 3.37%; the CeFi sector has risen by 1.74%, with Hyperliquid (HYPE) increasing by 3.08%.The cryptocurrency sector indices reflecting historical market trends show that the ssiDePIN, ssiGameFi, and ssiMeme indices have increased by 5.38%, 5.09%, and 5.04%, respectively, in the last 24 hours.

ChainCatcher news, according to Jinshi, Corpay strategist Karl Schamotta stated that a series of tariff announcements may reignite market concerns."Trump's protectionist agenda has not been adequately reflected in the currency markets, asset prices, or volatility indicators, and this will become quite apparent at some point in the near future. The moment of surrender is approaching, whether in the financial markets or in the White House."

ChainCatcher message, based on SoSoValue data, influenced by various factors including Trump's call for a ceasefire between Israel and Palestine, the cryptocurrency market sector generally welcomed a recovery after consecutive pullbacks, with only the Layer2 and AI sectors declining, down 0.86% and 1.06% respectively. Within the Layer2 sector, Celestia (TIA) and Mantle (MNT) fell by 1.45% and 2.33% respectively. The decline in the AI sector was mainly dragged down by the liquidity crisis of Polyhedra Network (ZKJ), which saw a staggering 24-hour drop of 83.23%, while other tokens like Render (RENDER) and Fetch.ai (FET) still rose by 2.58% and 4.89% respectively.In addition, Ethereum (ETH) rose by 0.66% in 24 hours, recovering to $2500, while Bitcoin (BTC) increased by 0.40%, climbing above $105,000.In other sectors, the Layer1 sector rose by 2.48% in 24 hours, with Solana (SOL) up 7.38%; in the PayFi sector, Bitcoin Cash (BCH) and Keeta (KTA) rose by 5.72% and 6.20% respectively; the DeFi sector increased by 1.36%, with Sky (SKY) and Jupiter (JUP) rising by 5.27% and 6.05% respectively; the CeFi sector rose by 0.72%, with Hyperliquid (HYPE) up 3.01%; the Meme sector increased by 0.18%, with Fartcoin (FARTCOIN) and SPX6900 (SPX) rising by 4.91% and 6.57% respectively.Meanwhile, the cryptocurrency sector indices reflecting historical market trends show that the ssiLayer1, ssiRWA, and ssiPayFi indices rose by 1.81%, 1.60%, and 1.53% respectively in 24 hours.