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Bitfarms raises funds to purchase 2,000 BTC, Roblox tests 2% cash monetization, S&P launches treasury index

According to BBX data, as the second quarter kicks off, global enterprises are taking frequent actions in asset listing and rating infrastructure. The core data is as follows:2,000 spot purchases: Bitfarms (NASDAQ: $BITF) announced yesterday the completion of a $50 million structured debt financing provided by top private equity, which has been fully utilized before yesterday's market close to purchase approximately 2,000 BTC in the open market, further defending its ranking among North American mining companies.$15 million regular investment initiated: MicroAlgo (NASDAQ: $MLGO) announced before the market opened yesterday that the board has approved the establishment of a $15 million special fund for digital assets and officially launched the "Daily Investment (TWAP)" program yesterday, aimed at reducing the volatility risk of single-point purchases.Game ecosystem reserves: Roblox (NYSE: $RBLX) disclosed in its developer newsletter yesterday that it has converted 2% of its redundant cash on its balance sheet into ETH and AVAX. This move is not purely a financial investment but is intended to support the underlying liquidity for its next-generation creator economy's on-chain settlement.Rating giant enters the arena: S&P Global (NYSE: $SPGI) released the "Corporate Bitcoin Treasury Index (CBTX)" yesterday. This index specifically tracks globally listed companies with more than 1% BTC exposure on their balance sheets, marking the formal inclusion of "crypto treasuries" into mainstream financial measurement standards by traditional rating agencies.Computing power completely restructured: Northern Data (XETRA: $NB2) announced yesterday that it has divested its last portion of traditional cloud storage business, declaring that starting from the second quarter, 100% of the company's energy and computing power will solely serve AI rendering and the absolute accumulation of its internal BTC treasury.

Peter Brandt: Not optimistic about Bitcoin reaching a new high this year, expects to retest $60,000 in September or October

According to Cointelegraph, renowned trader and chart analyst Peter Brandt and prediction market users hold a pessimistic view on the prospect of Bitcoin reaching a new high in 2026. Peter Brandt stated, "I don't think Bitcoin will reach a new high in 2026; it may have to wait until the second quarter of 2027." He also added, "It's all speculation." The probability of Bitcoin returning to $120,000 in 2026 on Polymarket is only 15%.Regarding the low point of the year, Peter Brandt indicated that the $60,000 level on February 6 may not be the lowest of the year, predicting that it might retest that level or even "slightly lower" in September or October this year, at which point it will be the low point of the bear market cycle, initiating a new bull market. He also stated that his long-term logic regarding Bitcoin remains unchanged: "The story of Bitcoin is wealth storage; whether practicality can be built on Bitcoin may affect its price," and he mentioned that he holds a neutral or bearish stance on all other cryptocurrencies.Bitcoin analyst Willy Woo stated on March 17 that, from a liquidity perspective, Bitcoin has completed about "one-third of the bear market." SkyBridge managing partner Anthony Scaramucci also mentioned last week that Bitcoin is currently in the bear market phase of a four-year cycle, and pointed out that the established whale group that believes in the four-year cycle may create a self-fulfilling prophecy. In terms of sentiment, the spot Bitcoin ETF ended four weeks of consecutive net inflows, recording a net outflow of $296.18 million last week. The Crypto Fear and Greed Index reported 8 on Monday, remaining in the "extreme fear" range since March 20.

Analyst: If geopolitical conflicts escalate further, Bitcoin may test the support level of 60,000 USD

According to market news, due to the ongoing US-Iran conflict, the price of Bitcoin has fallen from about $71,000 last week to around $67,000, dipping to $65,000 on Saturday. BTC Markets crypto analyst Rachael Lucas stated that Bitcoin briefly reached $72,000 earlier this week due to hopes for a breakthrough in Middle Eastern diplomacy, but as those hopes faded and concerns over oil supply resurfaced, the price retraced its gains.She pointed out that the situation in the Strait of Hormuz has heightened inflation concerns, making it difficult for the Federal Reserve to cut interest rates, which puts pressure on crypto prices. BTSE Chief Operating Officer Jeff Mei indicated that oil and gas prices will remain high in the short term and drag down economic growth, suggesting that there is still room for crypto prices to decline, with Bitcoin potentially falling to a support level of $60,000.Bitrue Research Director Andri Fauzan Adziima believes that the market will continue to be volatile and driven by news; if the US-Iran conflict escalates, Bitcoin may test $60,000; if the situation eases and oil prices drop, it could rebound above $70,000.BTC Markets analyst Lucas also noted that current retail investor sentiment is fearful, with many adopting a wait-and-see or hedging stance, while institutional investors are showing the opposite trend. This month, over $1.13 billion flowed into US spot Bitcoin ETFs, ending four consecutive months of net outflows; Strategy continues to increase holdings, and Morgan Stanley is set to launch a low-fee Bitcoin ETF.She stated that when there is a clear divergence between retail panic and institutional accumulation, historical experience shows that institutional judgment is often more accurate.

Analyst: Trump's "5-day truce" is about to end, Bitcoin support level faces a test

The U.S. Department of Defense is preparing for a "decisive strike" against Iran, while Bitcoin has once again fallen below $70,000, with a 24-hour decline of about 3%. The trigger for this drop was a report from Axios stating that the Pentagon is developing military options against Iran, including ground troops and "large-scale bombing operations." Analysts indicate that Trump's five-day pause on strikes against Iran's energy infrastructure will expire on Friday, and Bitcoin's support level is very fragile.Glassnode states that the cost basis for short-term holdings (purchased within the last month) is about $70,200, which is the current key support level; the resistance above is at the 1 to 3-month holding cost basis of $82,200. However, the accumulation of buy orders at this support level is limited, and "the probability of breaking below this level cannot be ignored until more solid buying support is established." Tim Sun, a senior researcher at HashKey Group, noted that the $70,200 level is more likely to be tested repeatedly rather than broken in one go, and the current price action shows "more of a defensive accumulation rather than confirming a new trend-driven market." He also warned that the current rebound is mainly driven by leverage rather than sustained spot buying, and once sentiment reverses, prices could quickly fall back.On a macro level, the VIX futures intraday volatility has surged to 388.2, the highest in nearly six months, about four times the average level typically associated with market panic, but the S&P 500 has only had two trading days in the past three months where it moved more than 1.75% in a single day. The Kobeissi Letter pointed out that the volatility priced in by the futures and options markets is far higher than the actual volatility of the S&P 500, indicating that "uncertainty is at an unprecedented level."

The latest draft of the "CLARITY Act": Prohibits earning profits solely from holding stablecoins

According to CoinDesk, cryptocurrency industry practitioners saw the latest provisions regarding stablecoin yields in the revised version of the Senate's "Digital Asset Market Clarity Act" during a closed-door review meeting on Capitol Hill on Monday. The initial impression is that the relevant language is too narrow and not clear enough.The new provisions were announced last Friday by Senators Angela Alsobrooks and Thom Tillis. According to a person familiar with the current draft, the new provisions will prohibit earning yields solely from holding stablecoins, while restricting any practices that equate the program with bank deposits, and setting further limitations on other potentially allowed activities, with the specific identification mechanism for activity-based stablecoin rewards still unclear.This compromise stems from the lobbying struggle between the cryptocurrency industry and the banking sector: the banking industry insists that stablecoin rewards should not be similar to interest-bearing bank deposits, arguing that such competing products could harm the banking sector and suppress lending. The final compromise allows for reward programs based on user stablecoin activities but prohibits rewards based on balances.The closed-door review aims to push the Senate Banking Committee to schedule a hearing, which is an important step for the bill toward a full Senate vote. A similar version of the "Clarity Act" was passed in the House of Representatives last year, and another version has also passed the Senate Agriculture Committee's markup process. The advancement of the bill still faces other obstacles: all parties need to reach an agreement on the DeFi regulatory framework, and Democrats insist on including provisions that prohibit senior government officials from profiting personally from the cryptocurrency industry, a provision clearly targeting President Trump.

Data: Gate's latest total reserve ratio reached 122%, and the BTC reserve ratio continues to grow to 147%

According to the official announcement, Gate has released a new reserve report. The data shows that Gate's total reserve ratio has reached 122%, covering nearly 500 types of user assets. Gate continuously ensures the safety of user assets through a verifiable mechanism.It is worth noting that the BTC user asset scale is 17,216 coins, corresponding to a platform reserve of 25,404 coins, with a BTC reserve ratio as high as 147%. The excess reserve ratio has further increased from 40.69% to 47.56%. For other core assets, Gate also maintains sufficient reserves. The ETH user assets have increased from 337,565 coins to 358,121 coins, with the platform reserves rising from 419,320 to 439,611 coins, resulting in an excess reserve ratio of 22.75%. In terms of stablecoins, the USDT user asset scale has grown from 1.385 billion coins to 1.451 billion coins, with platform reserves at 1.477 billion coins, achieving an excess reserve ratio of 1.79%. The USDC user asset scale is 122 million coins, with platform reserves at 134 million coins, resulting in an excess ratio of 10.18%; the GUSD user asset scale is 108 million coins, with platform reserves at 320 million coins, resulting in an excess ratio of 196.5%. Additionally, the reserve ratios for major assets like GT and XRP are also significantly above the 100% reserve standard, reaching 136.84% and 116.54%, respectively. The latest reserve report released by Gate indicates that its core asset reserves are robust, providing solid support for the safety and stability of user funds.
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