Dogecoin to Solana bridge a ‘big big opportunity for both,’ says Psy CEO

Maple Finance’s token continued its strong rally on Saturday as the total value locked in its platform and whale accumulation soared.  Maple (SYRUP) price soared to a high of $0.42 on Saturday, its highest level since November last year. It is one of the best-performing cryptocurrencies this year after soaring by 405% from its March lows.  SYRUP price has jumped as third-party data shows that the total funds locked in its ecosystem rose to a record high of over $1.39 billion. This is a strong performance since it started the year with $290 million in assets. It had a TVL of $16.5 million in the same period last year.  You might also like:SYRUP price double-tops as Maple makes major network changes This growth has pushed Maple’s monthly fees to $2.55 million, up from $556,000 in April this year. Maple earns fees by providing financing to institutions. It gets its funds from investors who allocate cash to its High-Yield, Blue-Chip, and bitcoin-yield products. Further data shows that the staking market capitalization of SYRUP has jumped to a record high of $194 million, up from less than $500,000 in January. This growth is due to both the rising SYRUP price and increased inflows. The staking market cap has jumped to 75.5k in ETH terms.  SYRUP TVL and Staking market cap | Source: DeFi Llama Santiment data shows that whales continue to allocate money into SYRUP. Those holding between 10 million and 100 million SYRUP tokens have boosted their holdings to 373 million from 204 million on January 1. Maple SYRUP whales are buying | Source: Santiment SYRUP price technical analysis Maple price chart | Source: crypto.news The daily chart shows that the Maple price has been in a strong bull run in the past few months. This surge accelerated after Binance and Bitget listed it earlier this month. SYRUP has recently surged above the key resistance level at $0.1920, the highest swing on March 8. It has also moved above all moving averages, while oscillators show it is overbought.  Therefore, while more gains are possible, the price is likely to retreat soon as some investors start taking profits. Such a retreat would bring it to $0.25 before resuming its uptrend.  Read more:Maple Finance price prediction: SYRUP is sweet again — but for how long?

SEC Chairman Paul Atkins issued a sharp critique of the agency’s past crypto strategy, calling it ineffective and damaging to market trust.  In a speech published on the SEC’s website, Atkins said the Commission’s previous posture—initially ignoring crypto and then relying heavily on enforcement—had failed to provide clarity and discouraged engagement from legitimate players. “It seemed like a catch-22,” Atkins said. “The message was, ‘You go figure it out.’ That environment did not create trust.” To rebuild that trust, Atkins directed the Division of Corporation Finance to engage more transparently with market participants. He emphasized that while formal crypto rulemaking is underway, interim staff guidance will continue helping firms navigate regulatory uncertainties. You might also like:DigiAsia’s stock soars on plan to allocate 50% of profits to Bitcoin SEC and their FinHub Atkins also proposed formally integrating FinHub, the SEC’s Strategic Hub for Innovation and Financial Technology, into the agency’s core operations. Once viewed as an enforcement channel, FinHub will now focus on fostering innovation and adapting rules to evolving technology. In a notable policy shift, Atkins said he supports allowing registered firms to custody and trade both securities and non-securities within a single entity. He called it an “initial step” toward a “super-app” ecosystem, where investors can access both traditional and digital financial products in one place. The speech signals a strategic pivot for the SEC, as it looks to bring clarity and consistency to crypto regulation without stifling innovation.  Still, Atkins noted the agency must remain within its statutory boundaries while using its discretion to modernize oversight. “I believe we can foster innovation while remaining true to our mission,” he said. You might also like:Dow recovers from morning lows, indices nearly flat despite U.S. debt downgrade

由于有猜测称 Crypto.com 的 CRO 代币将被纳入唐纳德·特朗普的战略加密储备，该代币周四上涨了 15% 以上。 Cronos (CRO) 是 Cronos Chain 的原生代币，周四飙升 15.8%，因为有猜测称它可能被纳入美国总统唐纳德·特朗普最近公布的战略加密储备。根据 crypto.news 价格跟踪页面，根据加密货币价格聚合平台的数据，CRO 的价格在 3 月 6 日跃升至 0.09 美元，交易量飙升近 100%。 https://twitter.com/EleanorTerrett/status/1897473838595674310 You might also like:Crypto.com 和 Kalshi 因超级碗赛事合约面临 CFTC 审查 几个小时前，福克斯商业新闻记者埃莉诺·特雷特 (Eleanor Terrett) 在 X 帖子中透露，Crypto.com 首席执行官克里斯·马扎莱克 (Kris Marszalek)“将于周五出席白宫加密货币峰会”，但没有透露消息来源。因此，马扎莱克加入了越来越多的加密货币高管名单，与 Ripple 首席执行官布拉德·加林豪斯 (Brad Garlinghouse) 和 Chainlink 联合创始人谢尔盖·纳扎罗夫 (Sergey Nazarov) 一起出席此次活动。 尽管有猜测，但 CRO 尚未被正式确认为国家加密货币储备的一部分。然而，特朗普早些时候的声明表明，美国当局可能会纳入多种代币，因为他指出，除了比特币 (BTC)、以太坊 (ETH)、瑞波币 (XRP)、索拉纳 (SOL) 和卡尔达诺 (ADA) 之外，战略加密货币储备还将包括“其他有价值的加密货币”。虽然最初的预期集中在比特币作为储备中的唯一资产，但特朗普的评论扩大了可能纳入的代币范围。 阅读更多：Kraken 和 Crypto.com 将于 2025 年推出专有稳定币

1 月 20 日，比特币创下 109,114 美元的历史新高。然而，比特币并没有激发进一步上涨的希望，反而面临持续的抛售压力，截至本文撰写时，比特币价格已从峰值下跌约 20%。最近几周，比特币需求疲软，增持势头减弱，短期投资者的恐慌情绪加剧。 At Outset PR, we observe that such corrections are not uncommon in Bitcoin’s historical cycles, often driven by shifts in liquidity, derivatives market positioning, and investor sentiment. Below, I’ll look into the ongoing Bitcoin liquidity trends, derivatives market activity, and holder cohorts’ behavior to see whether the original cryptocurrency has already peaked for this cycle or is going through a temporary correction. Table of ContentsFrom distribution to potential accumulation流动性紧缩限制了比特币的上行空间UTXO 年龄数据显示持有者信心强劲ETF 流量和市场影响结束语 从分配到潜在积累 Bitcoin’s market cycles are driven by phases of accumulation and distribution. While a clear distribution phase emerged in late February 2025, recent movements in the Accumulation/Distribution (A/D) Indicator reveal a strong cycle of accumulation followed by intense selling pressure over the past few weeks. After hitting its lowest point in mid-March, the indicator is now rebounding, suggesting that accumulation is resuming. Historically, such rebounds in the A/D Indicator have often preceded periods of price stabilization or recovery. However, whether this marks the beginning of a sustained accumulation phase or just a temporary bounce remains to be seen. Bitcoin Accumulation/Distribution Indicator | Source: TradingView  Further confirming this trend, spot trading volumes on centralized exchanges dropped by 19.9%, and derivatives trading volumes declined by 20.9%, according to the February 2025 CoinDesk Data’s Exchange Review. Additionally, open interest on derivatives exchanges fell by 29.8%, the lowest since November 2024.  The situation worsened after the Bybit hack, which resulted in a $1.4 billion loss, amplifying sell pressure and discouraging accumulation as liquidity concerns and market uncertainty intensified.  流动性紧缩限制了比特币的上行空间 持续的流动性收缩——市场在调整期间的典型行为——是比特币难以创下新高的主要原因之一。根据 Glassnode 的数据，比特币的净资本流入停滞不前，实际市值每月仅增长 +0.67%。这意味着市场缺乏必要的新资本流入，阻碍了价格上涨。 此外，活跃交易流动性的关键指标——热供应量从 5.9% 下降到 2.8%，降幅超过 50%。外汇流入也下降了 54%，进一步证实了交易活动正在放缓，需求侧压力正在减弱 在衍生品方面，比特币期货的未平仓合约已从历史最高水平的 570 亿美元下降至 370 亿美元（-35%），表明投机兴趣和对冲活动减少。 Glassnode 数据还显示，短期持有者的 30 天滚动损失总额已达到 70 亿美元，标志着本周期最大的持续亏损事件，但仍低于 2021 年 5 月的崩盘和 2022 年的熊市。 UTXO 年龄数据显示持有者信心强劲 CryptoQuant 的已实现市值 - UTXO 年龄带，追踪自上次移动以来按年龄计算的货币美元价值，显示比特币的已实现市值很大一部分由长期投资者持有。 比特币实现市值 - UTXO 年龄带 | 来源：CryptoQuant 截至 2025 年 3 月 23 日，各年龄段已实现上限的细分情况如下： 0-1天：51亿美元 1 day–1 week: $26.1 billion 1 week–1 month: $80.7 billion 1–3 months: $146.5 billion 3–6 months: $264.2 billion 6-12 个月：965 亿美元 12-18 个月：619 亿美元 18 个月至 2 年：222 亿美元 2-3 年：346 亿美元 3-5 年：1114 亿美元 5–7 years: $8.5 billion 7–10 years: $7.9 billion Over 10 years: $303.4 billion We can see that UTXOs in the under one-week range total $31.2 billion, accounting for just 2.7% of the total realized cap. This indicates that while short-term trading exists, it is not the primary force driving the market. The low proportion of newly moved coins suggests that most recent buyers are still holding their positions, and many participants are not capitulating. In contrast, the 3–6 month cohort now holds the largest share of Bitcoin’s realized cap at $264.2 billion. This cohort has remained largely unmoved through recent price swings, further reinforcing long-term conviction in the market. 值得注意的是，已持有超过 10 年的比特币价值达 3034 亿美元，是所有年龄段中最大的单一实现价值。 综合来看，当前的 UTXO 年龄分布支持看涨的积累叙事，长期持有者依然充满信心，投机性抛售受到抑制，总体供应继续收紧——这些条件在历史上为强劲的价格复苏奠定了基础。 ETF 流量和市场影响 2025 年 3 月 5 日至 21 日的最新 ETF 数据凸显了混合信号，一些 ETF 经历强劲资金流入，而另一些 ETF 则继续面临大量资金流出，这表明虽然比特币的价格走势仍然面临压力，但长期机构兴趣正在支撑市场情绪。 IBIT（贝莱德的比特币 ETF）总流入量为 39,774 BTC。 FBTC (Fidelity’s Bitcoin ETF) saw an inflow of 11,392 BTC. ARKB (Ark Invest’s Bitcoin ETF) attracted 2,021 BTC, while BTCO (Invesco’s Bitcoin ETF) recorded 2,678 BTC in net inflows. GBTC（灰度比特币信托）继续面临资金流出，损失了 22,526 个 BTC。 在此期间，比特币 ETF 总共增加了 36,138 个 BTC，表明机构需求仍然存在。 结束语 比特币正在经历一个复杂的后历史高点环境，短期逆风和长期强势交织在一起，这一点显而易见。随着资本流入放缓和投机活动减少，现货和衍生品市场都出现了流动性收缩。然而，累积正在反弹，UTXO 年龄数据显示长期持有者信心强劲，短期抛售较少，尽管波动性较大，但机构资金流继续青睐比特币，几只主要 ETF 均出现净流入。虽然价格压力持续存在，但这些潜在动态表明，当前阶段可能代表健康的盘整，而不是当前牛市周期的结束。 披露：本文不代表投资建议。本页内容和材料仅供教育之用。

在大幅下跌之后，比特币和股票能否从这里建立基础，还是关税暂停只是暂时的，而与中国的紧张局势仍有可能重新燃起？ 目录特朗普暂停华尔街收复失地Inflation, liquidity, and a dollar dilemmaA rally on thin ice? Trump hits pause On Apr. 9, President Donald Trump posted an unexpected update on Truth Social, temporarily walking back one of the most aggressive trade policies in recent memory. 他发表了简短而有力的讲话，宣布对超过 75 个国家暂停 90 天的互惠关税，代之以简化的 10% 统一税率——中国是唯一的例外。 这一声明是在市场经历了动荡的一周之后发布的，最初，美国对众多贸易伙伴的关税上调幅度从 11% 到 50% 不等，引发了市场剧烈波动。 日益加剧的政治压力、金融市场不稳定以及外交上的不安似乎影响了白宫的决定。一些贸易伙伴曾警告称，关税的突然升级可能导致美国经济陷入衰退。 财政部长斯科特·贝森特表示，最初的关税始终被设计为一种战略“杠杆”。他指出，从这个意义上讲，关税已经达到了目的。 目前已有 70 多个国家与华盛顿展开贸易谈判，而日本和欧盟等主要盟友也表示愿意进行谈判。 Yet, while most nations were offered a temporary reprieve, China remains an outlier. Rather than easing its stance, the Trump administration raised tariffs on Chinese goods from an already punishing 104% to a staggering 125%. 此次升级是对中国自身报复性措施的回应，其中包括对美国进口产品征收84%的关税。由于双方均未做出让步，美中贸易对抗目前似乎正进入一个更加根深蒂固的阶段。 对此，花旗银行修改了对中国2025年GDP增长的预测，将其从4.7%下调至4.2%，理由是贸易不确定性上升是一个关键因素。 让我们来分析一下市场对这一突然的政策转变有何反应，它揭示了当前的经济情绪，以及比特币（BTC）等数字资产在不久的将来可能走向何方。 华尔街收复失地 RabbitX 首席执行官吴明在接受 crypto.news 的独家采访时表示，暂停征收关税标志着贸易政策的转变，并已帮助平息投资者对更广泛的经济影响的担忧。 “The prolonged downtrend led many traders to take short positions. The unexpected tariff pause likely triggered a short squeeze, forcing short sellers to buy back shares to cover their positions, thereby amplifying the upward momentum. Markets responded with broad optimism following Trump’s announcement, offering investors a welcome reprieve from the uncertainty that had gripped sentiment throughout the previous week.” In the U.S., equity indices surged across the board. The S&P 500 jumped 9.52%, logging its strongest single-day gain in over 16 years. The Nasdaq Composite climbed 12.16%, its most impressive rally since early 2001, while the Dow Jones Industrial Average rose 7.87%, adding nearly 3,000 points. 这些涨幅帮助股市收复了前四个交易日中蒸发的数万亿美元市值的很大一部分，其中很大一部分是由于对关税升级对经济影响的担忧。 在经济上涨行情中，此前曾警告经济衰退风险上升的高盛，鉴于政策逆转，撤回了其预测。 4月10日开盘，亚洲股市延续了积极的势头。日本日经指数跃升逾9%，较前一日下跌4%的水平大幅反弹。韩国综合股价指数在本周早些时候短暂进入熊市区域后，上涨6.6%。 香港恒生指数也出现回升，在经历了 1997 年以来最严重的下跌（暴跌 13%）之后上涨 2%，但由于该地区对贸易流动的依赖程度较高，市场情绪依然谨慎。 欧洲股市与全球股市反弹同步波动。欧元区斯托克50指数当日上涨近6%，受欧盟早些时候批准报复性关税的提振，而特朗普的政策几乎紧随其后。 European Commission President Ursula von der Leyen welcomed the U.S. decision, calling it a “stabilizing step” and signaling a broader willingness to return to the negotiating table rather than deepen the trade dispute. Crypto markets reflected a similar uplift. BTC rose more than 6% in the 24 hours following the news, reaching around $81,650 as of writing on April 10. The rebound followed a steep drop during the initial tariff rollout, when Bitcoin had slipped 10% to around $74,500.  尽管复苏有助于收复部分失地，但比特币今年迄今仍下跌 13%，比历史高点低约 25%——这表明此次走势更多的是短期的缓解性反弹，而非更广泛的趋势逆转。 全球加密货币市值同步上涨，从 4 月 9 日的 2.38 万亿美元增至撰写本文时的约 2.6 万亿美元——过去 24 小时内增加了约 2200 亿美元。 与数字资产相关的股票也加入了上涨行情。MicroStrategy (MSTR) 飙升近 25%，Coinbase (COIN) 上涨约 17%，Robinhood 上涨约 24%。 Grayscale 的 Zach Pandl 指出，持续的贸易紧张局势，尤其是美国和中国之间的贸易紧张局势，可能会对美元造成压力并加剧通胀压力。 通货膨胀、流动性和美元困境 The trade dispute between the U.S. and China continues to deepen, and that carries stark implications for the global economy, and for crypto markets that increasingly reflect macro sensitivities. According to the World Trade Organization, prolonged trade friction between the two largest economies could reduce bilateral trade in goods by up to 80%.  While the U.S. and China together account for roughly 3% of global trade volume, their influence goes far beyond that, shaping supply chains, pricing power, and currency dynamics across both developed and emerging markets.  If tensions were to evolve into a more permanent divide, what some analysts call a “two-bloc world”, the global economy could see a 7% decline in long-term real GDP as per WTO. In that sense, the Apr. 9 market rally reflects a sense of relief, not resolution.  与此同时，比特币 7% 的涨幅与股市同步上涨，表明加密货币与更广泛的风险情绪之间持续存在联系。由于其与股市的相关性目前徘徊在 0.7 左右，比特币不再完全依赖其自身的基本面波动。 通胀前景又增添了一层阴影。预计未来几个月美国通胀率将保持在 2.8% 至 3% 之间，而 G20 通胀率将接近 4%。 在此背景下，美元走强可能给新兴市场货币带来压力，导致多个地区出现输入性通胀。 对于加密货币而言，这创造了一种不同寻常的组合。一方面，通胀风险往往会吸引人们关注比特币作为替代资产。另一方面，美元走强和全球流动性收紧往往会降低投机意愿，尤其是在新兴市场，加密货币的采用往往发挥着更实际、更保值的作用。 政策反应也在不断变化。美联储以通胀担忧为由暂停了降息计划，此举限制了短期内廉价资本的可用性。 Meanwhile, global money supply growth (M2) remains moderately supportive, but that cushion could fade by mid-year if inflation persists.  If rate cuts are pushed into Q3 or beyond, and U.S. Treasury yields stay near current levels (around 4.3%), growth assets across the board, including crypto, could face renewed pressure. 一场如履薄冰的集会？ 尽管比特币在关税暂停后大幅反弹，但分析师对下一步走势仍存在分歧。 从技术角度来看，交易员正密切关注83,000美元至85,000美元区间，将其视为对比特币的短期考验。市场分析师Daan Crypto Trades表示，该区域与4小时200移动平均线重合，该水平在过去几周内多次压制了价格上涨。 宣布暂停关税后，$BTC 出现强劲走势。在 BTC 下行时表现更强劲的情况下，我们看到股市在这次暂停之后上涨更多（这是有道理的，因为它们直接受到关税的影响）。BTC traded right back into the 4H 200MA (Purple)… pic.twitter.com/qSoeJnE2DE— Daan Crypto Trades (@DaanCrypto) April 10, 2025 “That $83,000 to $85,000 is a key level to overtake for the bulls,” he wrote, noting that if Bitcoin slips back below $81,100, where there has been strong trading activity, it could signal a false breakout or a liquidity grab. Looking at the bigger picture, some market observers remain skeptical that the current rally marks the beginning of a sustained uptrend. Jeff Park, head of Alpha Strategies at Bitwise, believes macroeconomic conditions are still too fragile to support a meaningful shift. will be an unpopular opinion that i don't think we are out the woods yetwith what irreversibly happened with weakened yuan now exporting deflation + 10% tariff creating growth drag, the net outcome is still negative for risk assets especially if 10y stays above 4% (which is…— Jeff Park (@dgt10011) 2025年4月9日 他指出，10% 的关税带来的结构性压力挥之不去，10 年期国债收益率持续高企在 4% 以上，信贷利差仍然保持在 400 个基点以上。 他认为，这些反映出市场流动性仍然不足。“实际上，更令人担忧的是，市场流动性如此之低，以至于会出现这种赌场式波动，”他说。 从这个角度来看，短期反弹或许并非真正的强势表现。相反，它们可能仅仅反映了短暂的新闻标题和浅薄的订单簿所放大的波动性，而非更深层次的结构性支撑。 与此同时，广受关注的交易员爱德华·莫拉认为市场仍处于看跌区域。“我们正处于熊市。这很不幸，但不可否认，”他说道。在他看来，除非比特币能够果断突破94,000美元并守住这一水平，否则近期的反弹不值得信赖。 我现在的工作假设是，我们正处于熊市（不幸但不可否认），因此请尝试尽可能高地确定这次反弹的顶部并降低风险（对冲）。在我们能够说牛市真正回归之前，还有很多事情需要发生（例如 BTC 自信地……— Edward Morra (@edwardmorra_btc) 2025 年 4 月 10 日 他还指出，人们对山寨币缺乏兴趣令人担忧。他说，许多山寨币未能吸引到足够的资本。“大多数实力雄厚的山寨币即将出现自满情绪，”他警告说，并暗示一些代币可能仍处于积累区，甚至更糟，正缓慢地走向退市或被忽视。 短期内，需要关注的关键水平既包括技术面，也与政策相关。比特币维持在 81,000 美元上方，为后续上涨提供了基础。持续突破 85,000 美元可能会吸引动量买家，而任何回调都可能考验近期支撑位。 On the macro front, any progress in trade negotiations, signs of easing inflation, or clearer guidance from the Federal Reserve could help crypto find more stable footing.  For now, this remains a market that demands both curiosity and caution. Trade wisely, and never invest more than you are prepared to lose. Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.