Institutional funds are flowing back into the Bitcoin market, with the US stock spot Bitcoin ETF recording a net inflow of $167 million, while investments in Ethereum and others are continuously withdrawing. The current price of Bitcoin is approximately $71,000. Analysts believe that under the influence of the macro environment and geopolitical factors, institutions prefer Bitcoin. Long-term institutional holdings are still increasing, with future target prices possibly ranging from $110,000 to $170,000. On the technical side, $72,000 is an important resistance level, and a drop below $65,000 could trigger a correction.

CFTC Chairman Mike Selig stated at the conference that the United States will accelerate the development of a regulatory framework for digital assets, focusing on prediction markets, DeFi, crypto contracts, and other areas. At the same time, the CFTC is strengthening coordination with the SEC to resolve regulatory disagreements, which is expected to promote market compliance and innovative development.

On March 11, a violent robbery occurred in western Paris, France, where three assailants posing as police officers forced a couple to transfer approximately 900,000 euros worth of Bitcoin. The incident exposed the risks of "wrench attack," making France a high-risk area for such crimes. Law enforcement agencies have launched an investigation, and security experts warn cryptocurrency holders to prioritize personal safety and information protection.

Gate News Report, March 11 — On-chain monitoring shows that the large whale "pension-usdt.eth" has initiated a short position on ETH. Currently, they are shorting 42.59 ETH with 3x leverage, with an entry price of $2020.61. Additionally, this address is still shorting 1,000 BTC with 3x leverage, with an unrealized loss of $1,004,000; they are also long on crude oil with an unrealized loss of $54,000.

Aave founder Stani Kulechov pointed out that the DAO governance model needs adjustment to improve decision-making efficiency and avoid politicization. He proposed maintaining transparency mechanisms, adopting a core team responsible for daily decisions, ensuring on-chain oversight, and enhancing DAO governance efficiency. This view has sparked widespread discussion about the governance structure of DeFi protocols.

Trump announced the construction of the "America First Refining" refinery in Texas, with a total investment of $300 billion, aimed at enhancing U.S. energy supply and export capacity, and expected to create thousands of jobs. The project reflects a major shift in U.S. energy policy and could have significant impacts on domestic and international energy markets.

Gate has reached a strategic partnership with Bank Frick of Liechtenstein to launch fiat deposit and withdrawal services, supporting multiple major fiat currencies, and plans to expand global services. This collaboration improves institutional clients' access to the digital asset market and enhances Gate's capabilities in compliance systems.

The Ministry of Electronics and Information Technology of India recently launched the "Blockchain India Challenge," aimed at promoting blockchain-based digital governance solutions with a focus on regulatory control and security. This event will select startups and provide funding support to develop ten blockchain application cases for government departments.

The U.S. Senate is advancing legislation on the structure of the crypto market, with stablecoin yield issues becoming a point of controversy. Democratic Senator Angela Alsobrooks and Republican Senator Tom Tillis are working together to seek a compromise, emphasizing the need to find a balance between the crypto industry and the banking sector to avoid impacting financial stability. The banking industry hopes to restrict stablecoin yield payments to prevent capital outflows from the banking system, while the crypto industry opposes this restriction, arguing that yields are key incentives for users. Future regulatory frameworks need to consider the interests of both sides.